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Reporting Segment And Geographic Information (Tables) | 12 Months Ended
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Jan. 03, 2025
Segment Reporting, Measurement Disclosures [Abstract] |
Schedule Of Revenue, Operating Income And Identifiable Assets By Segment | The following reporting segment tables reflect the revenue, costs and expenses, and operating income of our reportable operating segments under our management reporting system. Segment costs and expenses include directly attributable costs and certain indirect costs allocated to segments, such as facilities, information technology, cloud services, finance, legal, and human resources. This is consistent with the way the CODM evaluates each of the segment's performance and allocates resources.
| Reporting Segments
| AECO |  | Field Systems |  | T&L |  |
(In millions) |  |  |  |  |  |  |
2024 |  |  |  |  |  |  |
Segment revenue | $ | 1,358.6 |  |  | $ | 1,535.9 |  |  | $ | 788.8 |  |  |
Cost of sales | 220.4 |  |  | 666.3 |  |  | 280.2 |  |  |
Operating expense | 674.6 |  |  | 427.6 |  |  | 353.5 |  |  |
Operating income | $ | 463.6 |  |  | $ | 442.0 |  |  | $ | 155.1 |  |  |
Operating income % | 34.1 | % |  | 28.8 | % |  | 19.7 | % |  |
2023 |  |  |  |  |  |  |
Segment revenue | $ | 1,110.5 |  |  | $ | 1,967.9 |  |  | $ | 720.3 |  |  |
Cost of sales | 213.3 |  |  | 843.4 |  |  | 278.8 |  |  |
Operating expense | 568.2 |  |  | 521.0 |  |  | 323.3 |  |  |
Operating income | $ | 329.0 |  |  | $ | 603.5 |  |  | $ | 118.2 |  |  |
Operating income % | 29.6 | % |  | 30.7 | % |  | 16.4 | % |  |
2022 |  |  |  |  |  |  |
Segment revenue | $ | 941.7 |  |  | $ | 2,151.3 |  |  | $ | 583.3 |  |  |
Cost of sales | 201.2 |  |  | 997.4 |  |  | 268.2 |  |  |
Operating expense | 481.4 |  |  | 498.0 |  |  | 265.3 |  |  |
Operating income | $ | 259.1 |  |  | $ | 655.9 |  |  | $ | 49.8 |  |  |
Operating income % | 27.5 | % |  | 30.5 | % |  | 8.5 | % |  |
Schedule of Reconciliation Of Our Total Segment Gross Margin and Operating Income To Consolidated Income Before Income Taxes | A reconciliation of our total segment operating income to consolidated income before income taxes was as follows:
| 2024 |  | 2023 |  | 2022
(In millions) |  |  |  |  |
Total segment operating income | $ | 1,060.7 |  |  | $ | 1,050.7 |  |  | $ | 964.8 |
Unallocated general corporate expenses | (123.5) |  |  | (116.0) |  |  | (123.3) |
Amortization of purchased intangible assets | (199.0) |  |  | (212.3) |  |  | (131.6) |
Acquisition / divestiture items | (81.6) |  |  | (72.4) |  |  | (32.8) |
Stock-based compensation / deferred compensation | (163.5) |  |  | (151.1) |  |  | (112.0) |
Restructuring and other costs | (32.4) |  |  | (50.1) |  |  | (54.2) |
Consolidated operating income | 460.7 |  |  | 448.8 |  |  | 510.9 |
Total non-operating income (expense), net | 1,545.2 |  |  | (91.8) |  |  | 58.2 |
Consolidated income before taxes | $ | 2,005.9 |  |  | $ | 357.0 |  |  | $ | 569.1 |
Schedule Of Revenue From Customers by Geographic Area | The disaggregation of revenue by geography is summarized in the tables below. Revenue is defined as revenue from external customers attributed to countries based on the location of the customer and is consistent with the Reporting Segment tables above.
| Reporting Segments
| AECO |  | Field Systems |  | T&L |  | Total
(In millions) |  |  |  |  |  |  |
2024 |  |  |  |  |  |  |
North America | $ | 819.8 |  |  | $ | 785.9 |  |  | $ | 473.0 |  |  | $ | 2,078.7 |
Europe | 375.9 |  |  | 416.0 |  |  | 258.4 |  |  | 1,050.3 |
Asia Pacific | 125.5 |  |  | 224.8 |  |  | 14.9 |  |  | 365.2 |
Rest of World | 37.4 |  |  | 109.2 |  |  | 42.5 |  |  | 189.1 |
Total segment revenue | $ | 1,358.6 |  |  | $ | 1,535.9 |  |  | $ | 788.8 |  |  | $ | 3,683.3 |
2023 |  |  |  |  |  |  |
North America | $ | 655.5 |  |  | $ | 892.9 |  |  | $ | 470.1 |  |  | $ | 2,018.5 |
Europe | 293.7 |  |  | 581.2 |  |  | 201.3 |  |  | 1,076.2 |
Asia Pacific | 98.1 |  |  | 320.6 |  |  | 10.2 |  |  | 428.9 |
Rest of World | 63.2 |  |  | 173.2 |  |  | 38.7 |  |  | 275.1 |
Total segment revenue | $ | 1,110.5 |  |  | $ | 1,967.9 |  |  | $ | 720.3 |  |  | $ | 3,798.7 |
2022 |  |  |  |  |  |  |
North America | $ | 554.7 |  |  | $ | 941.6 |  |  | $ | 458.9 |  |  | $ | 1,955.2 |
Europe | 267.2 |  |  | 684.2 |  |  | 86.5 |  |  | 1,037.9 |
Asia Pacific | 83.9 |  |  | 321.3 |  |  | 9.9 |  |  | 415.1 |
Rest of World | 35.9 |  |  | 204.2 |  |  | 28.0 |  |  | 268.1 |
Total segment revenue | $ | 941.7 |  |  | $ | 2,151.3 |  |  | $ | 583.3 |  |  | $ | 3,676.3 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | The following table presents our physical long-lived assets by geographic area, which consist of property and equipment, net and operating lease right-of-use assets:
At the End of Year | 2024 |  | 2023
(In millions) |  |  |
United States | $ | 178.0 |  |  | $ | 179.3 |
Europe | 96.0 |  |  | 105.6 |
Asia Pacific and Rest of World | 37.9 |  |  | 41.6 |
Total long-lived assets | $ | 311.9 |  |  | $ | 326.5 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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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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