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v3.25.2

SALES (Tables) | 6 Months Ended
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Jun. 27, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Contract Liabilities | Our contract liabilities consisted of the following ($ in millions):
| June 27, 2025 |  | December 31, 2024
Deferred revenue - current | $ | 565.9 |  |  | $ | 553.2 |
Deferred revenue - noncurrent | 62.4 |  |  | 58.9 |
Total contract liabilities | $ | 628.3 |  |  | $ | 612.1 |
Schedule of Remaining Performance Obligations | The aggregate remaining performance obligations attributable to each of our segments is as follows ($ in millions):
| June 27, 2025
Intelligent Operating Solutions | $ | 647.0 |
Precision Technologies | 61.9 |
Advanced Healthcare Solutions | 104.1 |
Total remaining performance obligations | $ | 813.0 |
Schedule of Disaggregation of Revenue | Disaggregation of revenue for the three-month period ended June 27, 2025 is presented as follows ($ in millions):
| Total |  | Intelligent Operating Solutions |  | Precision Technologies |  | Advanced Healthcare Solutions
Sales: |  |  |  |  |  |  |
Sales of products and software | $ | 1,277.4 |  |  | $ | 562.5 |  |  | $ | 465.0 |  |  | $ | 249.9 |
Sales of services | 241.4 |  |  | 113.2 |  |  | 58.6 |  |  | 69.6 |
Total | $ | 1,518.8 |  |  | $ | 675.7 |  |  | $ | 523.6 |  |  | $ | 319.5 |
Geographic: |  |  |  |  |  |  |
United States | $ | 825.2 |  |  | $ | 379.9 |  |  | $ | 264.5 |  |  | $ | 180.8 |
China | 159.7 |  |  | 49.5 |  |  | 85.6 |  |  | 24.6 |
All other | 533.9 |  |  | 246.3 |  |  | 173.5 |  |  | 114.1 |
Total | $ | 1,518.8 |  |  | $ | 675.7 |  |  | $ | 523.6 |  |  | $ | 319.5 |
End markets:(a) |  |  |  |  |  |  |
Direct sales: |  |  |  |  |  |  |
Healthcare | $ | 360.0 |  |  | $ | 10.6 |  |  | $ | 46.9 |  |  | $ | 302.5 |
Industrial & Manufacturing | 329.5 |  |  | 231.3 |  |  | 93.7 |  |  | 4.5 |
Government | 133.0 |  |  | 79.6 |  |  | 44.3 |  |  | 9.1 |
Utilities & Power | 114.9 |  |  | 48.4 |  |  | 66.5 |  |  | — |
Communications, Electronics & Semiconductor | 84.3 |  |  | 28.5 |  |  | 55.8 |  |  | — |
Aerospace & Defense | 79.0 |  |  | 0.1 |  |  | 78.9 |  |  | — |
Retail & Consumer | 95.0 |  |  | 70.5 |  |  | 24.5 |  |  | — |
Oil & Gas | 73.4 |  |  | 71.2 |  |  | 2.2 |  |  | — |
Other | 166.2 |  |  | 100.2 |  |  | 66.0 |  |  | — |
Total direct sales | 1,435.3 |  |  | 640.4 |  |  | 478.8 |  |  | 316.1 |
Distributors | 83.5 |  |  | 35.3 |  |  | 44.8 |  |  | 3.4 |
Total | $ | 1,518.8 |  |  | $ | 675.7 |  |  | $ | 523.6 |  |  | $ | 319.5 |
(a) Direct sales by end market include sales made through third-party distributors where we have visibility to the end customer.
Disaggregation of revenue for the three-month period ended June 28, 2024 is presented as follows ($ in millions):
| Total |  | Intelligent Operating Solutions |  | Precision Technologies |  | Advanced Healthcare Solutions
Sales: |  |  |  |  |  |  |
Sales of products and software | $ | 1,308.9 |  |  | $ | 563.3 |  |  | $ | 490.3 |  |  | $ | 255.3 |
Sales of services | 243.5 |  |  | 113.7 |  |  | 61.5 |  |  | 68.3 |
Total | $ | 1,552.4 |  |  | $ | 677.0 |  |  | $ | 551.8 |  |  | $ | 323.6 |
Geographic: |  |  |  |  |  |  |
United States | $ | 840.3 |  |  | $ | 380.8 |  |  | $ | 281.0 |  |  | $ | 178.5 |
China | 165.1 |  |  | 53.2 |  |  | 86.6 |  |  | 25.3 |
All other | 547.0 |  |  | 243.0 |  |  | 184.2 |  |  | 119.8 |
Total | $ | 1,552.4 |  |  | $ | 677.0 |  |  | $ | 551.8 |  |  | $ | 323.6 |
End markets:(a) |  |  |  |  |  |  |
Direct sales: |  |  |  |  |  |  |
Healthcare | $ | 368.9 |  |  | $ | 11.1 |  |  | $ | 51.5 |  |  | $ | 306.3 |
Industrial & Manufacturing | 329.7 |  |  | 236.0 |  |  | 89.1 |  |  | 4.6 |
Government | 142.2 |  |  | 80.3 |  |  | 52.6 |  |  | 9.3 |
Utilities & Power | 104.1 |  |  | 48.8 |  |  | 55.3 |  |  | — |
Communications, Electronics & Semiconductor | 94.5 |  |  | 25.5 |  |  | 69.0 |  |  | — |
Aerospace & Defense | 83.4 |  |  | 0.1 |  |  | 83.3 |  |  | — |
Retail & Consumer | 80.6 |  |  | 65.5 |  |  | 15.1 |  |  | — |
Oil & Gas | 72.1 |  |  | 69.3 |  |  | 2.8 |  |  | — |
Other | 175.9 |  |  | 100.0 |  |  | 75.9 |  |  | — |
Total direct sales | 1,451.4 |  |  | 636.6 |  |  | 494.6 |  |  | 320.2 |
Distributors | 101.0 |  |  | 40.4 |  |  | 57.2 |  |  | 3.4 |
Total | $ | 1,552.4 |  |  | $ | 677.0 |  |  | $ | 551.8 |  |  | $ | 323.6 |
(a) Direct sales by end market include sales made through third-party distributors where we have visibility to the end customer.
Disaggregation of revenue for the six-month period ended June 27, 2025 is presented as follows ($ in millions):
| Total |  | Intelligent Operating Solutions |  | Precision Technologies |  | Advanced Healthcare Solutions
Sales: |  |  |  |  |  |  |
Sales of products and software | $ | 2,525.8 |  |  | $ | 1,131.6 |  |  | $ | 908.5 |  |  | $ | 485.7 |
Sales of services | 467.2 |  |  | 215.5 |  |  | 115.7 |  |  | 136.0 |
Total | $ | 2,993.0 |  |  | $ | 1,347.1 |  |  | $ | 1,024.2 |  |  | $ | 621.7 |
Geographic: |  |  |  |  |  |  |
United States | $ | 1,631.1 |  |  | $ | 756.6 |  |  | $ | 518.8 |  |  | $ | 355.7 |
China | 317.0 |  |  | 109.3 |  |  | 158.4 |  |  | 49.3 |
All other | 1,044.9 |  |  | 481.2 |  |  | 347.0 |  |  | 216.7 |
Total | $ | 2,993.0 |  |  | $ | 1,347.1 |  |  | $ | 1,024.2 |  |  | $ | 621.7 |
End markets:(a) |  |  |  |  |  |  |
Direct sales: |  |  |  |  |  |  |
Healthcare | $ | 701.5 |  |  | $ | 21.1 |  |  | $ | 92.4 |  |  | $ | 588.0 |
Industrial & Manufacturing | 665.4 |  |  | 471.3 |  |  | 185.1 |  |  | 9.0 |
Government | 254.4 |  |  | 151.3 |  |  | 85.1 |  |  | 18.0 |
Utilities & Power | 223.5 |  |  | 98.0 |  |  | 125.5 |  |  | — |
Communications, Electronics & Semiconductor | 164.8 |  |  | 57.7 |  |  | 107.1 |  |  | — |
Aerospace & Defense | 153.2 |  |  | 0.2 |  |  | 153.0 |  |  | — |
Retail & Consumer | 180.1 |  |  | 137.9 |  |  | 42.2 |  |  | — |
Oil & Gas | 145.5 |  |  | 141.6 |  |  | 3.9 |  |  | — |
Other | 333.8 |  |  | 196.0 |  |  | 137.8 |  |  | — |
Total direct sales | 2,822.2 |  |  | 1,275.1 |  |  | 932.1 |  |  | 615.0 |
Distributors | 170.8 |  |  | 72.0 |  |  | 92.1 |  |  | 6.7 |
Total | $ | 2,993.0 |  |  | $ | 1,347.1 |  |  | $ | 1,024.2 |  |  | $ | 621.7 |
(a) Direct sales by end market include sales made through third-party distributors where we have visibility to the end customer.
Disaggregation of revenue for the six-month period ended June 28, 2024 is presented as follows ($ in millions):
| Total |  | Intelligent Operating Solutions |  | Precision Technologies |  | Advanced Healthcare Solutions
Sales: |  |  |  |  |  |  |
Sales of products and software | $ | 2,608.8 |  |  | $ | 1,130.2 |  |  | $ | 990.9 |  |  | $ | 487.7 |
Sales of services | 468.1 |  |  | 212.5 |  |  | 119.9 |  |  | 135.7 |
Total | $ | 3,076.9 |  |  | $ | 1,342.7 |  |  | $ | 1,110.8 |  |  | $ | 623.4 |
Geographic: |  |  |  |  |  |  |
United States | $ | 1,630.2 |  |  | $ | 730.3 |  |  | $ | 555.1 |  |  | $ | 344.8 |
China | 341.4 |  |  | 120.3 |  |  | 169.5 |  |  | 51.6 |
All other | 1,105.3 |  |  | 492.1 |  |  | 386.2 |  |  | 227.0 |
Total | $ | 3,076.9 |  |  | $ | 1,342.7 |  |  | $ | 1,110.8 |  |  | $ | 623.4 |
End markets:(a) |  |  |  |  |  |  |
Direct sales: |  |  |  |  |  |  |
Healthcare | $ | 706.1 |  |  | $ | 22.4 |  |  | $ | 94.7 |  |  | $ | 589.0 |
Industrial & Manufacturing | 680.0 |  |  | 478.2 |  |  | 192.6 |  |  | 9.2 |
Government | 268.4 |  |  | 149.8 |  |  | 100.2 |  |  | 18.4 |
Utilities & Power | 206.0 |  |  | 98.0 |  |  | 108.0 |  |  | — |
Communications, Electronics & Semiconductor | 184.9 |  |  | 53.4 |  |  | 131.5 |  |  | — |
Aerospace & Defense | 166.8 |  |  | 0.2 |  |  | 166.6 |  |  | — |
Retail & Consumer | 157.4 |  |  | 127.2 |  |  | 30.2 |  |  | — |
Oil & Gas | 144.8 |  |  | 138.8 |  |  | 6.0 |  |  | — |
Other | 364.1 |  |  | 195.9 |  |  | 168.2 |  |  | — |
Total direct sales | 2,878.5 |  |  | 1,263.9 |  |  | 998.0 |  |  | 616.6 |
Distributors | 198.4 |  |  | 78.8 |  |  | 112.8 |  |  | 6.8 |
Total | $ | 3,076.9 |  |  | $ | 1,342.7 |  |  | $ | 1,110.8 |  |  | $ | 623.4 |
(a) Direct sales by end market include sales made through third-party distributors where we have visibility to the end customer.

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