FINANCE
Beechcraft® King Air® 260
Bell 407GXi
Citation Latitude®
Our FINANCE segment, operated by Textron Financial Corporation (TFC), is a commercial finance business that provides financing solutions for purchasers of Textron products, primarily Textron Aviation aircraft and Bell helicopters. For more than five decades, TFC has played a key role for Textron customers around the globe.
2020 SOURCES OF FUNDING
2020 FINANCE RECEIVABLES
Key data
| (Dollars in millions) | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Finance | |||||
| Total finance receivables | 779 | 707 | 789 | 850 | 976 |
| 60-Day + delinquency | 3.7% | 2.4% | 1.8% | 4.0% | 4.2% |
| Nonaccrual % | 11.9% | 5.5% | 5.1% | 7.2% | 9.2% |
| Debt to shareholders’ equity | 4.0x | 4.3x | 3.8x | 3.8x | 5.8x |
| Revenues | 55 | 66 | 66 | 69 | 78 |
| Segment profit1 | 10 | 28 | 23 | 22 | 19 |
| Total assets | 938 | 964 | 1,107 | 1,169 | 1,280 |
| Dividends paid to Textron Inc. | — | 50 | 50 | — | 29 |
| 1 | Segment profit for the Finance segment includes interest income and expense along with intercompany interest income and expense. |