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Segment Information & Geographic Data (Tables)

6 Months Ended

Jun. 29, 2024

Segment Reporting [Abstract]

Schedule of Financial Information by Segments

Financial information by segment is presented as follows (in millions):

			Three Months Ended												Six Months Ended
			June 29, 2024						July 1, 2023						June 29, 2024						July 1, 2023
Net sales:
AIT			$	397					$	459					$	789					$	981
EVM			820						755						1,603						1,638
Total Net sales			$	1,217					$	1,214					$	2,392					$	2,619
Operating income:
AIT(2)			$	73					$	114					$	149					$	243
EVM(2)			123						122						243						255
Total segment operating income			196						236						392						498
Corporate (1)			(29)						(42)						(66)						(79)
Total Operating income			$	167					$	194					$	326					$	419

(1)To the extent applicable, amounts included in Corporate consist of business acquisition purchase accounting adjustments, amortization of intangible assets, acquisition and integration costs, impairment of goodwill and other intangibles, and exit and restructuring costs.

(2)AIT and EVM segment operating income includes depreciation and share-based compensation expense. The amounts of depreciation and share-based compensation expense are proportionate to each segment’s Net sales.

Schedule of Net Sales to Customers by Geographic Region

Net sales by region were as follows (in millions):

			Three Months Ended												Six Months Ended
			June 29, 2024						July 1, 2023						June 29, 2024						July 1, 2023
North America			$	599					$	642					$	1,211					$	1,367
EMEA			419						374						799						817
Asia-Pacific			118						122						230						276
Latin America			81						76						152						159
Total Net sales			$	1,217					$	1,214					$	2,392					$	2,619

X

- Definition

Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

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-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Publisher FASB
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