E-Z-GO 2002 Annual Report Download - page 69

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Revenues Segment Profit
(In millions) 2002 2001 2000 2002 2001 2000
Aircraft $ 4,922 $ 4,797 $ 4,537 $ 452 $ 338 $ 475
Fastening Systems 1,650 1,679 1,996 68 62 192
Industrial Products 1,841 1,974 2,248 83 106 296
Industrial Components 1,615 3,162 3,618 115 215 341
Finance 630 709 691 117 205 202
$10,658 $12,321 $13,090 835 926 1,506
Special charges (128) (437) (483)
Segment operating income 707 489 1,023
Gain on sale of businesses, net 5 342 —
Goodwill amortization — (98) (96)
Corporate expenses and other, net (114) (152) (164)
Interest expense, net (108) (162) (152)
Income before income taxes and
distribution on preferred
securities $ 490 $ 419 $ 611
Property, Plant and
Assets Equipment Expenditures
(In millions) 2002 2001 2000 2002 2001 2000
Aircraft $ 2,857 $ 2,848 $ 2,612 $ 106 $ 175 $ 157
Fastening Systems 1,451 1,541 1,770 43 61 108
Industrial Products 1,484 1,886 2,089 91 93 98
Industrial Components 1,394 1,375 2,563 48 180 146
Finance 6,654 6,464 6,131 17 18 14
Corporate 3,287 4,119 3,351 14 5 4
Eliminations (1,622) (2,181) (2,146) — — —
$15,505 $16,052 $16,370 $ 319 $ 532 $ 527
Amortization Depreciation
(In millions) 2002 2001 2000 2002 2001 2000
Aircraft $ — $ 11 $ 10 $ 116 $ 116 $ 107
Fastening Systems 4 16 18 70 78 82
Industrial Products 11 48 32 69 60 56
Industrial Components — 21 27 54 123 116
Finance 10 22 15 28 19 17
Corporate 2 (4) 10 4 4 4
$27 $114 $ 112 $ 341 $ 400 $ 382
Geographic Data
Presented below is selected financial information by geographic area of Textron’s operations:
Property, Plant
Revenues* and Equipment**
(In millions) 2002 2001 2000 2002 2001 2000
United States $7,138 $ 8,022 $ 8,569 $1,434 $ 1,502 $ 1,791
Canada 383 692 798 63 78 127
Latin America and Mexico 526 826 790 28 45 121
Germany 611 613 584 198 183 165
Asia and Australia 412 518 603 41 12 13
United Kingdom 324 367 385 108 98 145
France 260 311 352 86 80 79
Other 1,004 972 1,009 73 90 164
$10,658 $12,321 $13,090 $ 2,031 $ 2,088 $ 2,605
* Revenues are attributed to countries based on the location of the customer.
** Property, plant and equipment is based on the location of the asset.
Revenues include sales to the U.S. Government of $1.3 billion in 2002 and $1.2 billion in both 2001 and
2000. Revenues also include sales to DaimlerChrysler, primarily through the Automotive Trim Business,
of $1.4 billion and $1.5 billion in 2001 and 2000, respectively.
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