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Segment and Geographic Data

3 Months Ended

Dec. 27, 2024

Segment and Geographic Data

Segment and Geographic Data

16. Segment and Geographic Data

Effective for fiscal 2025, we reorganized our management and segments to align the organization around our fiscal 2025 strategy. See Note 1 for additional information regarding our new segment structure. The following segment information reflects the new segment reporting structure. Prior period segment results have been recast to conform to the new segment structure.
​

Net sales by segment⁽¹⁾ and industry end market⁽²⁾ were as follows:

​

​	​	​	​	​	​	​	​
​	​	For the					​
​	​	Quarters Ended					​
​	​	December 27,		​	December 29,		​
​		2024			2023
​	​	(in millions)					​
Transportation Solutions:	​	​	​	​	​	​	​
Automotive	​	$	1,722	​	$	1,796	​
Commercial transportation	​		312	​		356	​
Sensors	​		209	​		241	​
Total Transportation Solutions	​	​	2,243	​	​	2,393	​
Industrial Solutions:	​	​	​	​	​	​	​
Automation and connected living	​	​	479	​	​	464	​
Aerospace, defense, and marine	​		334	​		290	​
Digital data networks	​	​	413	​	​	279	​
Energy	​		216	​		205	​
Medical	​	​	151	​	​	200	​
Total Industrial Solutions	​	​	1,593	​	​	1,438	​
Total	​	$	3,836	​	$	3,831	​

(1) Intersegment sales were not material.

(2) Industry end market information is presented consistently with our internal management reporting and may be revised periodically as management deems necessary.

Net sales by geographic region⁽¹⁾ and segment were as follows:

​

​	​	​	​	​	​	​	​
​	​	For the					​
​	​	Quarters Ended					​
​	​	December 27,		​	December 29,		​
​		2024			2023
​	​	(in millions)					​
Europe/Middle East/Africa (“EMEA”):	​	​	​	​	​	​	​
Transportation Solutions	​	$	720	​	$	879	​
Industrial Solutions	​		509	​		532	​
Total EMEA	​		1,229	​		1,411	​
Asia–Pacific:	​	​	​	​	​	​	​
Transportation Solutions	​	​	1,097	​	​	1,015	​
Industrial Solutions	​		506	​		364	​
Total Asia–Pacific	​		1,603	​		1,379	​
Americas:	​	​	​	​	​	​	​
Transportation Solutions	​	​	426	​	​	499	​
Industrial Solutions	​		578	​		542	​
Total Americas	​		1,004	​		1,041	​
Total	​	$	3,836	​	$	3,831	​

(1) Net sales to external customers are attributed to individual countries based on the legal entity that records the sale.

Operating income by segment was as follows:

​

​	​	​	​	​	​	​	​
​	​	For the					​
​	​	Quarters Ended					​
​	​	December 27,		​	December 29,		​
​		2024			2023
​	​	(in millions)					​
Transportation Solutions	​	$	446	​	$	487	​
Industrial Solutions	​	​	244	​	​	211	​
Total	​	$	690	​	$	698	​

​

Segment assets and a reconciliation of segment assets to total assets were as follows:

​

​	​	​	​	​	​	​	​
​	​	Segment Assets					​
​	​	December 27,		​	September 27,		​
​		2024			2024
​	​	(in millions)					​
Transportation Solutions	​	$	5,660	​	$	5,758	​
Industrial Solutions	​		3,630	​		3,717	​
Total segment assets(1)	​		9,290	​		9,475	​
Other current assets	​		1,988	​		2,059	​
Other non-current assets	​		11,163	​		11,320	​
Total assets	​	$	22,441	​	$	22,854	​

(1) Segment assets are composed of accounts receivable, inventories, and net property, plant, and equipment.

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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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