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v3.26.1

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of Segment Information | Segment operating revenue, significant expenses and operating income for the three and six months ended June 30, 2026 and 2025 were as follows:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
In millions | 2026 |  | 2025 |  | 2026 |  | 2025
Operating revenue: |  |  |  |  |  |  |
Automotive OEM | $ | 857 |  |  | $ | 845 |  |  | $ | 1,677 |  |  | $ | 1,631 |
Food Equipment | 692 |  |  | 680 |  |  | 1,329 |  |  | 1,307 |
Test & Measurement and Electronics | 769 |  |  | 686 |  |  | 1,484 |  |  | 1,338 |
Welding | 549 |  |  | 479 |  |  | 1,056 |  |  | 951 |
Polymers & Fluids | 476 |  |  | 438 |  |  | 928 |  |  | 867 |
Construction Products | 494 |  |  | 473 |  |  | 952 |  |  | 916 |
Specialty Products | 468 |  |  | 455 |  |  | 899 |  |  | 890 |
Total segments | 4,305 |  |  | 4,056 |  |  | 8,325 |  |  | 7,900 |
Intersegment revenue | (4) |  |  | (3) |  |  | (8) |  |  | (8) |
Operating Revenue | $ | 4,301 |  |  | $ | 4,053 |  |  | $ | 8,317 |  |  | $ | 7,892 |
Variable cost of revenue: |  |  |  |  |  |  |
Automotive OEM | $ | 461 |  |  | $ | 459 |  |  | $ | 903 |  |  | $ | 894 |
Food Equipment | 322 |  |  | 313 |  |  | 620 |  |  | 597 |
Test & Measurement and Electronics | 335 |  |  | 302 |  |  | 644 |  |  | 584 |
Welding | 254 |  |  | 215 |  |  | 481 |  |  | 429 |
Polymers & Fluids | 223 |  |  | 208 |  |  | 433 |  |  | 413 |
Construction Products | 221 |  |  | 210 |  |  | 427 |  |  | 410 |
Specialty Products | 217 |  |  | 207 |  |  | 412 |  |  | 408 |
Total segments | $ | 2,033 |  |  | $ | 1,914 |  |  | $ | 3,920 |  |  | $ | 3,735 |
Overhead expenses: |  |  |  |  |  |  |
Automotive OEM | $ | 211 |  |  | $ | 206 |  |  | $ | 416 |  |  | $ | 406 |
Food Equipment | 182 |  |  | 178 |  |  | 364 |  |  | 355 |
Test & Measurement and Electronics | 241 |  |  | 227 |  |  | 483 |  |  | 458 |
Welding | 117 |  |  | 105 |  |  | 234 |  |  | 210 |
Polymers & Fluids | 113 |  |  | 109 |  |  | 229 |  |  | 219 |
Construction Products | 122 |  |  | 118 |  |  | 239 |  |  | 231 |
Specialty Products | 103 |  |  | 100 |  |  | 204 |  |  | 199 |
Total segments | $ | 1,089 |  |  | $ | 1,043 |  |  | $ | 2,169 |  |  | $ | 2,078 |
Operating income: |  |  |  |  |  |  |
Automotive OEM | $ | 185 |  |  | $ | 180 |  |  | $ | 358 |  |  | $ | 331 |
Food Equipment | 188 |  |  | 189 |  |  | 345 |  |  | 355 |
Test & Measurement and Electronics | 193 |  |  | 157 |  |  | 357 |  |  | 296 |
Welding | 178 |  |  | 159 |  |  | 341 |  |  | 312 |
Polymers & Fluids | 140 |  |  | 121 |  |  | 266 |  |  | 235 |
Construction Products | 151 |  |  | 145 |  |  | 286 |  |  | 275 |
Specialty Products | 148 |  |  | 148 |  |  | 283 |  |  | 283 |
Total segments | 1,183 |  |  | 1,099 |  |  | 2,236 |  |  | 2,087 |
Unallocated | (36) |  |  | (31) |  |  | (69) |  |  | (68) |
Operating Income | 1,147 |  |  | 1,068 |  |  | 2,167 |  |  | 2,019 |
Interest expense | (79) |  |  | (74) |  |  | (152) |  |  | (142) |
Other income (expense) | 12 |  |  | 4 |  |  | 32 |  |  | 16 |
Income Before Taxes | $ | 1,080 |  |  | $ | 998 |  |  | $ | 2,047 |  |  | $ | 1,893 |
Segment depreciation and amortization and impairment of intangible assets for the three and six months ended June 30, 2026 and 2025 was as follows:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
In millions | 2026 |  | 2025 |  | 2026 |  | 2025
Automotive OEM | $ | 36 |  |  | $ | 34 |  |  | $ | 71 |  |  | $ | 66 |
Food Equipment | 9 |  |  | 10 |  |  | 19 |  |  | 20 |
Test & Measurement and Electronics | 19 |  |  | 18 |  |  | 37 |  |  | 36 |
Welding | 8 |  |  | 9 |  |  | 17 |  |  | 17 |
Polymers & Fluids | 8 |  |  | 11 |  |  | 17 |  |  | 21 |
Construction Products | 9 |  |  | 8 |  |  | 17 |  |  | 16 |
Specialty Products | 9 |  |  | 9 |  |  | 19 |  |  | 18 |
Total | $ | 98 |  |  | $ | 99 |  |  | $ | 197 |  |  | $ | 194 |

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