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Segment Information & Geographic Data (Tables)

9 Months Ended

Sep. 28, 2024

Segment Reporting [Abstract]

Schedule of Financial Information by Segments

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

			Three Months Ended												Nine Months Ended
			September 28, 2024						September 30, 2023						September 28, 2024						September 30, 2023
Net sales:
AIT			$	410					$	324					$	1,199					$	1,305
EVM			845						632						2,448						2,270
Total Net sales			$	1,255					$	956					$	3,647					$	3,575
Operating income (loss):
AIT(2)			$	83					$	44					$	232					$	287
EVM(2)			142						30						385						285
Total segment operating income			225						74						617						572
Corporate (1)			(34)						(86)						(100)						(165)
Total Operating income (loss)			$	191					$	(12)					$	517					$	407

(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												Nine Months Ended
			September 28, 2024						September 30, 2023						September 28, 2024						September 30, 2023
North America			$	628					$	517					$	1,839					$	1,884
EMEA			405						269						1,204						1,086
Asia-Pacific			132						106						362						382
Latin America			90						64						242						223
Total Net sales			$	1,255					$	956					$	3,647					$	3,575

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
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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.

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