Segment Financial Information (Tables)

12 Months Ended

Dec. 28, 2024

Our revenues and expenses by segment are provided below:


(in millions)	Textron Aviation		Bell		Textron Systems		Industrial		Textron eAviation		Finance		Total
2024
Revenues	$	5,284	$	3,579	$	1,241	$	3,515	$	33	$	50	$	13,702
Costs and expenses:
Cost of sales	4,102		2,899		929		2,993		29		—		10,952
Research and development costs	208		97		51		72		63		—		491
Selling and administrative expense	408		213		107		299		17		(4)		1,040
Interest expense, net	—		—		—		—		—		19		19
Segment profit (loss)	$	566	$	370	$	154	$	151	$	(76)	$	35	$	1,200
2023
Revenues	$	5,373	$	3,147	$	1,235	$	3,841	$	32	$	55	$	13,683
Costs and expenses:
Cost of sales	4,116		2,392		925		3,221		35		—		10,689
Research and development costs	199		192		53		80		46		—		570
Selling and administrative expense	409		243		110		312		14		(6)		1,082
Interest expense, net	—		—		—		—		—		15		15
Segment profit (loss)	$	649	$	320	$	147	$	228	$	(63)	$	46	$	1,327
2022
Revenues	$	5,073	$	3,091	$	1,172	$	3,465	$	16	$	52	$	12,869
Costs and expenses:
Cost of sales	3,905		2,316		878		2,959		18		—		10,076
Research and development costs	191		266		53		71		20		—		601
Selling and administrative expense	417		227		109		280		2		8		1,043
Interest expense, net	—		—		—		—		—		13		13
Segment profit (loss)	$	560	$	282	$	132	$	155	$	(24)	$	31	$	1,136

A reconciliation of segment profit to income from continuing operations before income taxes is presented below:



(in millions)	2024		2023		2022
Segment profit	$	1,200	$	1,327	$	1,136
Unallocated amounts:
Corporate expenses and other, net	(116)		(143)		(143)
Interest expense, net for Manufacturing group	(78)		(62)		(94)
LIFO inventory provision	(176)		(107)		(71)
Intangible asset amortization	(34)		(39)		(52)
Special charges*	(78)		(126)		—
Inventory charge*	(38)		—		—
Non-service components of pension and postretirement income, net	263		237		240
Income from continuing operations before income taxes	$	943	$	1,087	$	1,016

* See Note 15 for additional information.

Other information by segment is provided below:


	Assets				Capital Expenditures						Depreciation and Amortization
(In millions)	December 28, 2024		December 30, 2023		2024		2023		2022		2024		2023		2022
Textron Aviation	$	4,624	$	4,542	$	136	$	138	$	138	$	164	$	160	$	152
Bell	2,992		2,869		122		119		80		86		89		90
Textron Systems	2,036		2,008		40		48		57		48		41		49
Industrial	2,378		2,520		62		91		78		70		89		93
Textron eAviation	286		287		4		4		1		7		7		2
Finance	680		661		—		—		—		—		—		1
Corporate	3,842		3,969		—		2		—		7		9		10
Total	$	16,838	$	16,856	$	364	$	402	$	354	$	382	$	395	$	397