v3.26.1
Segment Financial Information
 3 Months Ended
Apr. 04, 2026
Segment Reporting [Abstract]  
Segment Financial Information Segment Financial Information
We operate in, and report financial information for, the following five operating segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Effective January 4, 2026, the beginning of our 2026 fiscal year, the business activities of the Textron eAviation segment were realigned within Textron's other operating segments resulting in the elimination of the Textron eAviation segment as a separate reporting segment. Under the segment realignment, a significant part of Textron eAviation, including Pipistrel, became part of the Textron Aviation segment to enable the business to more effectively leverage the development, manufacturing and sales expertise at Textron Aviation. In addition, Textron eAviation’s manned and unmanned products for military applications and related research and development activities are included in the results of the Textron Systems segment, which is best suited to provide more direct access to the targeted customer base for these products. Lastly, certain Textron eAviation research and development activities encompassing digital flight control and air vehicle management systems, which we expect will benefit several of our segments, are reported within corporate expenses. The prior period has been recast to reflect the segment realignment.
On April 30, 2026, Textron announced its intent to separate its Industrial segment from the Company. The Company intends to explore multiple paths to effect the planned separation of its Industrial segment, including but not limited to a sale of the Industrial businesses or a tax-free separation into a standalone, publicly traded company. The Company is targeting completion of the separation within 12 to 18 months, subject to the satisfaction of certain conditions customary for such a proposed separation, including receipt of any required regulatory approvals and final approval of the Company’s Board of Directors. There can be no assurance regarding the ultimate timing or structure of the proposed separation or that a transaction will be completed.
Segment profit for the manufacturing segments excludes the non-service components of pension and postretirement income, net; LIFO inventory provision; intangible asset amortization; interest expense, net for Manufacturing group; certain corporate expenses; gains/losses on major business dispositions; and special charges. The measurement for the Finance segment includes interest income and expense along with intercompany interest income and expense.
Our revenues and expenses by segment are provided below:
(In millions)Textron AviationBellTextron SystemsIndustrialFinanceTotal
Three months ended April 4, 2026
Revenues$1,485 $1,070 $338 $786 $16 $3,695 
Costs and expenses:
Cost of sales1,153 904 258 661 — 2,976 
Research and development costs56 37 9 16 — 118 
Selling and administrative expense122 57 29 69 (1)276 
Interest expense, net— — — — 5 5 
Segment profit$154 $72 $42 $40 $12 $320 
Three months ended March 29, 2025
Revenues$1,216 $983 $299 $792 $16 $3,306 
Costs and expenses:
Cost of sales933 803 221 678 — 2,635 
Research and development costs60 39 10 14 — 123 
Selling and administrative expense101 51 30 70 2 254 
Interest expense, net— — — — 4 4 
Segment profit$122 $90 $38 $30 $10 $290 
A reconciliation of segment profit to income from continuing operations before income taxes is presented below:
Three Months Ended
(In millions)April 4,
2026		March 29,
2025
Segment profit$320 $290 
Unallocated amounts:
Corporate expenses and other, net(47)(53)
Interest expense, net for Manufacturing group(29)(25)
LIFO inventory provision(39)(29)
Intangible asset amortization(8)(8)
Non-service components of pension and postretirement income, net70 66 
Income before income taxes$267 $241 
Other information by segment is provided below:
Capital ExpendituresDepreciation and Amortization
Three Months EndedThree Months Ended
(In millions)April 4,
2026		March 29,
2025		April 4,
2026		March 29,
2025
Textron Aviation$32 $26 $41 $39 
Bell72 15 24 22 
Textron Systems6 5 12 12 
Industrial21 10 17 17 
Corporate2 — 2 2 
Total$133 $56 $96 $92 
Our assets by segment are summarized below:
(In millions)April 4,
2026		January 3,
2026
Textron Aviation$5,144 $5,103 
Bell3,410 3,132 
Textron Systems2,233 2,224 
Industrial2,406 2,305 
Finance684 677 
Corporate4,264 4,688 
Total assets$18,141 $18,129