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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 | ||||||||
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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 | ||||||||||
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Textron Reports First Quarter 2018 Income from Continuing Operations of $0.72 per Share; Signs Agreement to Sell Tools & Test Business for $810 Million
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