Finance
Our Finance segment, operated by Textron Financial Corporation (TFC), is a commercial finance business that provides financing solutions for purchasers of Textron products, including Textron Aviation aircraft and Bell helicopters. For more than five decades, TFC has played a key role for Textron customers around the globe.
2023 SOURCES OF FUNDING
2023 FINANCE RECEIVABLES
Key data
| (Dollars in millions) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Finance | |||
| Revenues | 55 | 52 | 49 |
| Segment profit(1) | 46 | 31 | 18 |
| Total finance receivables | 609 | 587 | 630 |
| 60-Day + delinquency | 0.66% | 0.17% | 0.16% |
| Nonaccrual % | 2.46% | 7.84% | 14.92% |
| Debt to shareholders’ equity | 1.43x | 1.80x | 3.33x |
| Total assets | 661 | 664 | 867 |
Segment profit is a non-GAAP measure as defined on page 17. See page 14 for reconciliation to GAAP.