TEXTRON INC. Revenues by Segment and Reconciliation of Segment Profit to Net Income (Dollars in millions, except per share amounts) (Unaudited) |
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Three Months Ended |
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March 31, 2018 |
April 1, 2017 |
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REVENUES |
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MANUFACTURING: | ||||||||||||
Textron Aviation | $ | 1,010 | $ | 970 | ||||||||
Bell | 752 | 697 | ||||||||||
Textron Systems | 387 | 416 | ||||||||||
Industrial | 1,131 | 992 | ||||||||||
3,280 | 3,075 | |||||||||||
FINANCE | 16 | 18 | ||||||||||
Total revenues | $ | 3,296 | $ | 3,093 | ||||||||
SEGMENT PROFIT |
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MANUFACTURING: | ||||||||||||
Textron Aviation | $ | 72 | $ | 36 | ||||||||
Bell | 87 | 83 | ||||||||||
Textron Systems | 50 | 20 | ||||||||||
Industrial | 64 | 76 | ||||||||||
273 | 215 | |||||||||||
FINANCE | 6 | 4 | ||||||||||
Segment Profit | 279 | 219 | ||||||||||
Corporate expenses and other, net | (27 | ) | (27 | ) | ||||||||
Interest expense, net for Manufacturing group | (34 | ) | (34 | ) | ||||||||
Special charges (a) | - | (37 | ) | |||||||||
Income from continuing operations before income taxes | 218 | 121 | ||||||||||
Income tax expense | (29 | ) | (21 | ) | ||||||||
Income from continuing operations | 189 | 100 | ||||||||||
Discontinued operations, net of income taxes | - | 1 | ||||||||||
Net income | $ | 189 | $ | 101 | ||||||||
Earnings per share: | ||||||||||||
Income from continuing operations | $ | 0.72 | $ | 0.37 | ||||||||
Discontinued operations, net of income taxes | - | - | ||||||||||
Net income | $ | 0.72 | $ | 0.37 | ||||||||
Diluted average shares outstanding | 263,672,000 | 272,830,000 | ||||||||||