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Segment Information (Tables)

9 Months Ended

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

X

- 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

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- References

No definition available.

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