Segment Information

6 Months Ended

Jul. 02, 2011

Segment Information [Abstract]

Segment Information

Note 13: Segment Information

We operate in, and report financial information for, the following five business segments: Cessna, Bell, Textron Systems, Industrial and Finance. Segment profit is an important measure used for evaluating performance and for decision-making purposes. Segment profit for the manufacturing segments excludes interest expense, certain corporate expenses and special charges. The measurement for the Finance segment excludes special charges and includes interest income and expense along with intercompany interest expense. Provisions for losses on finance receivables involving the sale or lease of our products are recorded by the selling manufacturing division when our Finance group has recourse to the Manufacturing group.

Our revenues by segment and a reconciliation of segment profit to income from continuing operations before income taxes are as follows:

	Three Months Ended						Six Months Ended
	July 2,			July 3,			July 2,			July 3,
(In millions)	2011			2010			2011			2010
REVENUES
Manufacturing Group
Cessna	$	652		$	635		$	1,208		$	1,068
Bell		872			823			1,621			1,441
Textron Systems		452			534			897			992
Industrial		719			661			1,422			1,286
		2,695			2,653			5,148			4,787
Finance Group		33			56			59			132
Total revenues	$	2,728		$	2,709		$	5,207		$	4,919
SEGMENT OPERATING PROFIT
Manufacturing Group
Cessna	$	5		$	3		$	(33	)	$	(21	)
Bell		120			108			211			182
Textron Systems		49			70			102			125
Industrial		55			51			116			100
		229			232			396			386
Finance Group		(33	)		(71	)		(77	)		(129	)
Segment profit		196			161			319			257
Corporate expenses and other, net		(23	)		(17	)		(62	)		(54	)
Interest expense, net for Manufacturing group		(38	)		(35	)		(76	)		(71	)
Special charges		—			(10	)		—			(22	)
Income from continuing operations before income taxes	$	135		$	99		$	181		$	110