E-Z-GO 2010 Annual Report Download - page 92

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Note 16. Supplemental Cash Flow Information
We have made the following cash payments:
(In millions) 2010 2009 2008
Interest paid:
Manufacturing group
$ 145
$ 116
$ 139
Finance group
127
171
310
Taxes paid, net of refunds received:
Manufacturing group
59
49
346
Finance group
101
(75)
52
Discontinued operations
2
156
15
Cash paid for interest by the Finance group includes amounts paid to the Manufacturing group of $32 million, $3 million and $3
million in 2010, 2009 and 2008, respectively.
In 2010, taxes paid, net of refunds received for the Finance group includes $103 million in taxes paid primarily attributable to a
settlement related to the challenge of tax deductions we took in prior years for certain leverage lease transactions.
Note 17. Segment and Geographic Data
We operate in, and report financial information for, the following five business segments: Cessna, Bell, Textron Systems, Industrial
and Finance. The accounting policies of the segments are the same as those described in Note 1.
Cessna products include Citation business jets, Caravan single-engine turboprops, single-engine piston aircraft, and aftermarket
services sold to a diverse base of corporate and individual buyers.
Bell products include military and commercial helicopters, tiltrotor aircraft and related spare parts and services for U.S. and non-U.S.
governments in the defense and aerospace industries and general aviation markets.
Textron Systems products include armored security vehicles, advanced marine craft, precision weapons, airborne and ground-based
surveillance systems and services, the Unmanned Aircraft System, training and simulation systems and countersniper devices, and
intelligence and situational awareness software for U.S. and non-U.S. governments in the defense and aerospace industries and general
aviation markets.
Industrial products and markets include the following:
•
Kautex products include blow-molded plastic fuel systems, windshield and headlamp washer systems, engine camshafts and
other parts that are marketed primarily to automobile original equipment manufacturers, as well as plastic bottles and
containers for various uses;
•
Greenlee products include powered equipment, electrical test and measurement instruments, hand and hydraulic powered
tools, and electrical and fiber optic assemblies, principally used in the electrical construction and maintenance, plumbing,
wiring, telecommunications and data communications industries; and
•
E-Z-GO and Jacobsen products include golf cars; professional turf-maintenance equipment; and off-road, multipurpose utility
and specialized turf-care vehicles that are marketed primarily to golf courses, resort communities, municipalities, sporting
venues, and commercial and industrial users.
The Finance segment provided secured commercial loans and leases primarily in North America to the aviation, golf equipment, asset-
based lending, distribution finance, golf mortgage, hotel, structured capital and timeshare markets through the fourth quarter of 2008,
when we announced a plan to exit the non-captive portion of the commercial finance business of the segment while retaining the
captive portion of the business that supports customer purchases of products that we manufacture.
Segment profit is an important measure used for evaluating performance and for decision-making purposes. Segment profit for the
manufacturing segments excludes interest expense, certain corporate expenses and special charges. The measurement for the Finance
segment includes interest income and expense and excludes special charges. Provisions for losses on finance receivables involving
the sale or lease of our products are recorded by the selling manufacturing division when our Finance group has recourse to the
Manufacturing group.