Revenues

12 Months Ended

Dec. 28, 2024

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

Disaggregation of Revenues

Our revenues disaggregated by major product type are presented below:

(In millions)	2024		2023		2022
Aircraft	$	3,374	$	3,577	$	3,387
Aftermarket parts and services	1,910		1,796		1,686
Textron Aviation	$	5,284	$	5,373	$	5,073
Military aircraft and support programs	2,048		1,701		1,740
Commercial helicopters, parts and services	1,531		1,446		1,351
Bell	$	3,579	$	3,147	$	3,091
Textron Systems	$	1,241	$	1,235	$	1,172
Fuel systems and functional components	1,891		1,954		1,771
Specialized vehicles	1,624		1,887		1,694
Industrial	$	3,515	$	3,841	$	3,465
Textron eAviation	$	33	$	32	$	16
Finance	$	50	$	55	$	52
Total revenues	$	13,702	$	13,683	$	12,869

Our revenues for our segments by customer type and geographic location are presented below:

(In millions)	Textron Aviation		Bell		Textron Systems		Industrial		Textron eAviation		Finance		Total
2024
Customer type:
Commercial	$	4,985	$	1,490	$	292	$	3,482	$	33	$	50	$	10,332
U.S. Government	299		2,089		949		33		—		—		3,370
Total revenues	$	5,284	$	3,579	$	1,241	$	3,515	$	33	$	50	$	13,702
Geographic location:
United States	$	4,019	$	2,644	$	1,112	$	1,865	$	19	$	17	$	9,676
Europe	371		85		45		693		11		5		1,210
Other international	894		850		84		957		3		28		2,816
Total revenues	$	5,284	$	3,579	$	1,241	$	3,515	$	33	$	50	$	13,702
2023
Customer type:
Commercial	$	5,155	$	1,407	$	282	$	3,819	$	32	$	55	$	10,750
U.S. Government	218		1,740		953		22		—		—		2,933
Total revenues	$	5,373	$	3,147	$	1,235	$	3,841	$	32	$	55	$	13,683
Geographic location:
United States	$	3,873	$	2,228	$	1,103	$	2,067	$	17	$	17	$	9,305
Europe	432		149		54		766		11		2		1,414
Other international	1,068		770		78		1,008		4		36		2,964
Total revenues	$	5,373	$	3,147	$	1,235	$	3,841	$	32	$	55	$	13,683
2022
Customer type:
Commercial	$	4,959	$	1,284	$	274	$	3,450	$	16	$	52	$	10,035
U.S. Government	114		1,807		898		15		—		—		2,834
Total revenues	$	5,073	$	3,091	$	1,172	$	3,465	$	16	$	52	$	12,869
Geographic location:
United States	$	3,520	$	2,242	$	1,054	$	1,862	$	7	$	17	$	8,702
Europe	579		139		42		699		6		3		1,468
Other international	974		710		76		904		3		32		2,699
Total revenues	$	5,073	$	3,091	$	1,172	$	3,465	$	16	$	52	$	12,869

Remaining Performance Obligations

Our remaining performance obligations, which is the equivalent of our backlog, represent the expected transaction price allocated to our contracts that we expect to recognize as revenue in future periods when we perform under the contracts.  These remaining obligations exclude unexercised contract options and potential orders under ordering-type contracts such as Indefinite Delivery, Indefinite Quantity contracts. At December 28, 2024, we had $17.9 billion in remaining performance obligations of which we expect to recognize revenues of approximately 76% through 2026, an additional 19% through 2028, and the balance thereafter.  

Contract Assets and Liabilities

Assets and liabilities related to our contracts with customers are reported on a contract-by-contract basis at the end of each reporting period. At December 28, 2024 and December 30, 2023, contract assets totaled $345 million and $513 million, respectively, and contract liabilities totaled $1.9 billion and $1.8 billion, respectively, reflecting timing differences between revenues recognized, billings and payments from customers. During 2024, 2023 and 2022, we recognized revenues of $1.1 billion, $953 million and $873 million, respectively, that were included in the contract liability balance at the beginning of each year.