Finance
0% Finance’s share of Textron 2015 revenues
KEY DATA
| (Dollars in millions) | 2015 | 2014 | 2013 | 2012 | 2011 |
| Finance | |||||
| Finance receivables held for investment1 | $1,105 | $1,254 | $1,483 | $1,934 | $2,477 |
| Finance receivables held for sale | $ 30 | $ 35 | $ 65 | $ 140 | $ 418 |
| Total finance receivables | $1,135 | $1,289 | $1,548 | $2,074 | $2,895 |
| 60-Day + delinquency | 6.24% | 4.55% | 5.39% | 4.65% | 6.70% |
| Nonaccrual % | 7.60% | 6.46% | 7.08% | 7.39% | 12.96% |
| Debt to shareholders’ equity | 5.22x | 4.75x | 6.01x | 4.74x | 4.78x |
| Revenues | $ 83 | $ 103 | $ 132 | $ 215 | $ 103 |
| Segment profit (loss)1 | $ 24 | $ 21 | $ 49 | $ 64 | $ (333) |
| Total assets | $1,316 | $1,529 | $1,725 | $2,322 | $3,213 |
| Dividends paid to Textron Inc. | $ 63 | $ — | $ 175 | $ 345 | $ 179 |
| Capital contributions paid to Finance group | $ — | $ — | $ 1 | $ 240 | $ 182 |
- Segment profit (loss) for the Finance segment includes interest income and expense along with intercompany interest income and expense. In 2011, segment profit (loss) includes a $186 million initial mark-to-market adjustment for remaining finance receivables in the Golf Mortgage portfolio that were transferred to the held for sale classification.
The Finance segment provides financing to customers purchasing products manufactured by Textron Inc. Textron Financial Corporation and its consolidated subsidiaries comprise the Finance segment.
Sources of Funding
Finance Receivables
The Finance segment provides financing to customers purchasing products manufactured by Textron, primarily Textron Aviation aircraft and Bell helicopters, such as those displayed below.
