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SEGMENT REPORTING (Tables) | 3 Months Ended
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Jun. 26, 2026
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information by Operating Segment | Selected financial information by segment for the three-month periods ended June 26, 2026 and June 27, 2025 are in the tables below: Historical information for the three-month period ended June 27, 2025 has been recast to reflect the operating and reportable segments in the table below and in Item 2, "Management's Discussion and Analysis of Financial Condition and Results of Operations."
| ITS |  | RMS |  | CPI |  | Total
Three-Months Ended June 26, 2026 | (In millions)
Net Sales | $ | 3,056 |  |  | $ | 2,670 |  |  | $ | 2,202 |  |  | $ | 7,928 |
Segment Cost of Sales Total | (2,831) |  |  | (2,403) |  |  | (1,928) |  |  |
Segment selling, general and administrative expenses | (67) |  |  | (91) |  |  | (60) |  |  |
Segment income | $ | 158 |  |  | $ | 176 |  |  | $ | 214 |  |  | $ | 548 |
Reconciling items: |  |  |  |  |  |  |
Corporate & other |  |  |  |  |  |  | $ | 14 |
Intangible amortization |  |  |  |  |  |  | 23 |
Stock-based compensation |  |  |  |  |  |  | 51 |
Restructuring and impairment charges (1) |  |  |  |  |  |  | 1 |
Legal and other (2) |  |  |  |  |  |  | 67 |
Interest expenses |  |  |  |  |  |  | 60 |
Interest income |  |  |  |  |  |  | 13 |
Other charges (income), net |  |  |  |  |  |  | (37) |
Equity in earnings (losses) of unconsolidated affiliates |  |  |  |  |  |  | (5) |
Income before income taxes |  |  |  |  |  |  | $ | 377 |
(1)Certain restructuring charges of $1 million are excluded from the reconciling amount of $1 million as they are included within segment income. (2)Legal and other consists of costs not directly related to core business results and including matters relating to commercial disputes, government regulatory and compliance, intellectual property, antitrust, tax, employment or shareholder issues, product liability claims, impairments and other costs such as acquisition and portfolio optimization related costs. For the three month period ended June 26, 2026, legal and other included $53 million of costs associated with the intended spin-off of the CPI business and $14 million of costs related to business acquisitions.
| ITS |  | RMS |  | CPI |  | Total
Three-Months Ended June 27, 2025 | (In millions)
Net Sales | $ | 2,558 |  |  | $ | 2,391 |  |  | $ | 1,626 |  |  | $ | 6,575 |
Segment Cost of Sales Total | (2,363) |  |  | (2,182) |  |  | (1,428) |  |  |
Segment selling, general and administrative expenses | (64) |  |  | (83) |  |  | (43) |  |  |
Segment income | $ | 131 |  |  | $ | 126 |  |  | $ | 155 |  |  | $ | 412 |
Reconciling items: |  |  |  |  |  |  |
Corporate & other |  |  |  |  |  |  | $ | 17 |
Intangible amortization |  |  |  |  |  |  | 21 |
Stock-based compensation |  |  |  |  |  |  | 34 |
Restructuring charges |  |  |  |  |  |  | 23 |
Legal and other (1) |  |  |  |  |  |  | 6 |
Interest expenses |  |  |  |  |  |  | 51 |
Interest income |  |  |  |  |  |  | 13 |
Other charges (income), net |  |  |  |  |  |  | 7 |
Equity in earnings (losses) of unconsolidated affiliates |  |  |  |  |  |  | (20) |
Income before income taxes |  |  |  |  |  |  | $ | 246 |
(1)Legal and other consists of costs not directly related to core business results and including matters relating to commercial disputes, government regulatory and compliance, intellectual property, antitrust, tax, employment or shareholder issues, product liability claims and other issues on a global basis as well as acquisition and portfolio optimization related costs and asset impairments. During the first quarter of fiscal year 2026, legal costs were primarily related to costs from acquisitions occurring in fiscal year 2025 and the first quarter of fiscal year 2026. Total depreciation expense, including amounts allocated to the reportable segments and Corporate and Other for the three-month periods ended June 26, 2026 and June 27, 205 are as follows:
| Three-Month Periods Ended |  |
| June 26, 2026 |  | June 27, 2025 |  |  |  |
| (In millions) |  |
Depreciation expense: |  |  |  |  |  |  |
Integrated Technology Solutions | $ | 36 |  |  | $ | 44 |  |  |  |  |
Regulated Manufacturing Solutions | 56 |  |  | 54 |  |  |  |  |
Cloud and Power Infrastructure | 21 |  |  | 14 |  |  |  |  |
Corporate and Other | 3 |  |  | 3 |  |  |  |  |
Total depreciation expense | $ | 116 |  |  | $ | 115 |  |  |  |  |

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