FINANCE

Beechcraft® King Air® 260

Bell 407GXi

Citation Latitude®

1%

Finance’s
share of Textron
2020 revenues

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
1Segment profit for the Finance segment includes interest income and expense along with intercompany interest income and expense.