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Segment Information & Geographic Data (Tables) | 6 Months Ended
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Jun. 28, 2025
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 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Net sales: |  |  |  |  |  |  |
AIT | $ | 418 |  |  | $ | 397 |  |  | $ | 880 |  |  | $ | 789 |
EVM | 875 |  |  | 820 |  |  | 1,721 |  |  | 1,603 |
Total Net sales | $ | 1,293 |  |  | $ | 1,217 |  |  | $ | 2,601 |  |  | $ | 2,392 |
Cost of sales: |  |  |  |  |  |  |
AIT | $ | 215 |  |  | $ | 210 |  |  | $ | 441 |  |  | $ | 418 |
EVM | 462 |  |  | 418 |  |  | 899 |  |  | 822 |
Operating expenses: |  |  |  |  |  |  |
AIT (1) | $ | 120 |  |  | $ | 114 |  |  | $ | 256 |  |  | $ | 222 |
EVM (1) | 284 |  |  | 279 |  |  | 571 |  |  | 538 |
Operating income: |  |  |  |  |  |  |
AIT (2) | $ | 83 |  |  | $ | 73 |  |  | $ | 183 |  |  | $ | 149 |
EVM (2) | 129 |  |  | 123 |  |  | 251 |  |  | 243 |
Total segment operating income | 212 |  |  | 196 |  |  | 434 |  |  | 392 |
Corporate (3) | (29) |  |  | (29) |  |  | (56) |  |  | (66) |
Total Operating income | $ | 183 |  |  | $ | 167 |  |  | $ | 378 |  |  | $ | 326 |
(1)AIT and EVM segment operating expenses include Selling and marketing, Research and development, and General and administrative expenses, excluding the amounts classified within Corporate. (2)AIT and EVM segment operating income includes depreciation and share-based compensation expense. The depreciation and share-based compensation expense amounts are proportionate to each segment’s Net sales. (3)To the extent applicable, amounts included in Corporate consist of Amortization of intangible assets, Acquisition and integration costs, Exit and restructuring costs, as well as certain other non-recurring costs (impairment of goodwill and other intangibles, and business acquisition purchase accounting adjustments).
Schedule of Net Sales by Region | Net sales by region were as follows (in millions):
| Three Months Ended |  | Six Months Ended
| June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
North America | $ | 647 |  |  | $ | 599 |  |  | $ | 1,303 |  |  | $ | 1,211 |
EMEA | 415 |  |  | 419 |  |  | 858 |  |  | 799 |
Asia-Pacific | 141 |  |  | 118 |  |  | 266 |  |  | 230 |
Latin America | 90 |  |  | 81 |  |  | 174 |  |  | 152 |
Total Net sales | $ | 1,293 |  |  | $ | 1,217 |  |  | $ | 2,601 |  |  | $ | 2,392 |

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