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 includes interest income and expense along with intercompany interest income and expense.
Our revenues by segment, along with a reconciliation of segment profit to income from continuing operations before income taxes,
are as follows:
(In millions)
2016
Textron Aviation
Bell
Textron Systems
Industrial
Finance
Total
Corporate expenses and other, net
Interest expense, net for Manufacturing group
Special charges
Income from continuing operations before income taxes
Revenues
2015
$ 4,921 $ 4,822 $
3,239
3,454
1,756
1,520
3,794
3,544
78
83
$ 13,788 $ 13,423 $
2014
2016
Segment Profit
2015
2014
4,568 $
389 $
400 $
234
4,245
386
400
529
1,624
186
129
150
3,338
329
302
280
103
19
24
21
13,878 $ 1,309 $ 1,255 $ 1,214
(172)
(154)
(161)
(138)
(130)
(148)
(123)
—
(52)
$
876 $
971 $
853
Revenues by major product type are summarized below:
(In millions)
2016
Fixed-wing aircraft
Rotor aircraft
Unmanned aircraft systems, armored vehicles, precision weapons and other
Fuel systems and functional components
Specialized vehicles and equipment
Tools and test equipment
Finance
Total revenues
$
4,921
3,239
1,756
2,273
1,080
441
78
$ 13,788
2015
$
4,822
3,454
1,520
2,078
1,021
445
83
$ 13,423
2014
$
4,568
4,245
1,624
1,975
868
495
103
$ 13,878
Our revenues included sales to the U.S. Government of approximately $3.4 billion, $3.2 billion and $3.8 billion in 2016, 2015 and
2014, respectively, primarily in the Bell and Textron Systems segments.
Other information by segment is provided below:
(In millions)
Textron Aviation
Bell
Textron Systems
Industrial
Finance
Corporate
Total
Assets
January 2,
December 31,
2016
2016
$
4,460
2,655
2,508
2,409
1,280
2,046
$ 15,358
$
4,039
2,829
2,398
2,236
1,316
1,890
$ 14,708
Capital Expenditures
$
$
Depreciation and Amortization
2016
2015
2014
2016
2015
2014
157 $
86
71
121
—
11
446 $
124 $
97
86
105
—
8
420 $
96 $
152
65
97
—
19
429 $
140 $
132
75
81
12
9
449 $
134 $
143
80
76
12
16
461 $
137
132
84
76
13
17
459
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