FINANCE
Citation Latitude®
Bell 407 GXi
Beechcraft® King Air® 360
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.
2021 SOURCES OF FUNDING
2021 FINANCE RECEIVABLES
Key data
| (Dollars in millions) | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Finance | |||||
| Total finance receivables | 630 | 779 | 707 | 789 | 850 |
| 60-Day + delinquency | 0.2% | 3.7% | 2.4% | 1.8% | 4.0% |
| Nonaccrual % | 14.9% | 11.9% | 5.5% | 5.1% | 7.2% |
| Debt to shareholders’ equity | 3.3x | 4.0x | 4.3x | 3.8x | 3.8x |
| Revenues | 49 | 55 | 66 | 66 | 69 |
| Segment profit1 | 19 | 10 | 28 | 23 | 22 |
| Total assets | 867 | 938 | 964 | 1,107 | 1,169 |
| Dividends paid to Textron Inc. | — | — | 50 | 50 | — |
| 1 | Segment profit for the Finance segment includes interest income and expense along with intercompany interest income and expense. |