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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information by Segment | Segment operating revenue, significant expenses and operating income for the three and nine months ended September 30, 2025 and 2024 were as follows:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
In millions | 2025 |  | 2024 |  | 2025 |  | 2024
Operating revenue: |  |  |  |  |  |  |
Automotive OEM | $ | 830 |  |  | $ | 772 |  |  | $ | 2,461 |  |  | $ | 2,403 |
Food Equipment | 694 |  |  | 677 |  |  | 2,001 |  |  | 1,975 |
Test & Measurement and Electronics | 698 |  |  | 697 |  |  | 2,036 |  |  | 2,071 |
Welding | 477 |  |  | 462 |  |  | 1,428 |  |  | 1,404 |
Polymers & Fluids | 441 |  |  | 448 |  |  | 1,308 |  |  | 1,334 |
Construction Products | 473 |  |  | 479 |  |  | 1,389 |  |  | 1,471 |
Specialty Products | 452 |  |  | 438 |  |  | 1,342 |  |  | 1,327 |
Total segments | 4,065 |  |  | 3,973 |  |  | 11,965 |  |  | 11,985 |
Intersegment revenue | (6) |  |  | (7) |  |  | (14) |  |  | (19) |
Operating Revenue | $ | 4,059 |  |  | $ | 3,966 |  |  | $ | 11,951 |  |  | $ | 11,966 |
Variable cost of revenue: |  |  |  |  |  |  |
Automotive OEM | $ | 450 |  |  | $ | 431 |  |  | $ | 1,344 |  |  | $ | 1,343 |
Food Equipment | 317 |  |  | 310 |  |  | 914 |  |  | 912 |
Test & Measurement and Electronics | 297 |  |  | 291 |  |  | 881 |  |  | 885 |
Welding | 211 |  |  | 210 |  |  | 640 |  |  | 635 |
Polymers & Fluids | 208 |  |  | 219 |  |  | 621 |  |  | 641 |
Construction Products | 210 |  |  | 221 |  |  | 620 |  |  | 686 |
Specialty Products | 205 |  |  | 202 |  |  | 613 |  |  | 618 |
Total segments | $ | 1,898 |  |  | $ | 1,884 |  |  | $ | 5,633 |  |  | $ | 5,720 |
Overhead expenses: |  |  |  |  |  |  |
Automotive OEM | $ | 198 |  |  | $ | 191 |  |  | $ | 604 |  |  | $ | 591 |
Food Equipment | 175 |  |  | 174 |  |  | 530 |  |  | 526 |
Test & Measurement and Electronics | 224 |  |  | 227 |  |  | 682 |  |  | 685 |
Welding | 110 |  |  | 103 |  |  | 320 |  |  | 311 |
Polymers & Fluids | 107 |  |  | 104 |  |  | 326 |  |  | 329 |
Construction Products | 114 |  |  | 113 |  |  | 345 |  |  | 349 |
Specialty Products | 101 |  |  | 100 |  |  | 300 |  |  | 299 |
Total segments | $ | 1,029 |  |  | $ | 1,012 |  |  | $ | 3,107 |  |  | $ | 3,090 |
Operating income: |  |  |  |  |  |  |
Automotive OEM | $ | 182 |  |  | $ | 150 |  |  | $ | 513 |  |  | $ | 469 |
Food Equipment | 202 |  |  | 193 |  |  | 557 |  |  | 537 |
Test & Measurement and Electronics | 177 |  |  | 179 |  |  | 473 |  |  | 501 |
Welding | 156 |  |  | 149 |  |  | 468 |  |  | 458 |
Polymers & Fluids | 126 |  |  | 125 |  |  | 361 |  |  | 364 |
Construction Products | 149 |  |  | 145 |  |  | 424 |  |  | 436 |
Specialty Products | 146 |  |  | 136 |  |  | 429 |  |  | 410 |
Total segments | 1,138 |  |  | 1,077 |  |  | 3,225 |  |  | 3,175 |
Unallocated | (26) |  |  | (25) |  |  | (94) |  |  | 58 |
Operating Income | 1,112 |  |  | 1,052 |  |  | 3,131 |  |  | 3,233 |
Interest expense | (75) |  |  | (69) |  |  | (217) |  |  | (215) |
Other income (expense) | 12 |  |  | 379 |  |  | 28 |  |  | 421 |
Income Before Taxes | $ | 1,049 |  |  | $ | 1,362 |  |  | $ | 2,942 |  |  | $ | 3,439 |
Segment depreciation and amortization and impairment of intangible assets for the three and nine months ended September 30, 2025 and 2024 was as follows:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
In millions | 2025 |  | 2024 |  | 2025 |  | 2024
Automotive OEM | $ | 35 |  |  | $ | 34 |  |  | $ | 101 |  |  | $ | 97 |
Food Equipment | 11 |  |  | 12 |  |  | 31 |  |  | 34 |
Test & Measurement and Electronics | 17 |  |  | 21 |  |  | 53 |  |  | 62 |
Welding | 9 |  |  | 9 |  |  | 26 |  |  | 24 |
Polymers & Fluids | 10 |  |  | 10 |  |  | 31 |  |  | 31 |
Construction Products | 8 |  |  | 9 |  |  | 24 |  |  | 24 |
Specialty Products | 10 |  |  | 9 |  |  | 28 |  |  | 28 |
Total | $ | 100 |  |  | $ | 104 |  |  | $ | 294 |  |  | $ | 300 |

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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 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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