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Segment Information (Tables)

3 Months Ended

Mar. 29, 2026

Segment Information

Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals


			For the First Quarter Ended March 29, 2026
			Americas			Europe			APMEA			Total

			(in millions)
Net sales
Net sales from external customers			$	515.1		$	121.4		$	40.8		$	677.3
Intersegment sales				2.7			6.2			27.0			35.9
Total segment net sales			$	517.8		$	127.6		$	67.8		$	713.2
Reconciliation of net sales
Elimination of intersegment sales													(35.9)
Total consolidated net sales												$	677.3
Less (a)
Segment cost of goods sold				256.7			79.7			48.0
Segment selling, general and administrative				121.2			28.2			11.6
Segment research and development				15.4			3.0			0.7
Segment earnings				124.5			16.7			7.5			148.7

Reconciliation of segment earnings to income before income taxes
Segment special items (b)													(2.9)
Corporate operating loss (c)													(12.8)
Consolidated operating income													133.0
Interest income													(1.7)
Interest expense													2.6
Other expense, net													0.7
Income before income taxes												$	131.4


			For the First Quarter Ended March 30, 2025
			Americas			Europe			APMEA			Total

			(in millions)
Net sales
Net sales from external customers			$	418.1		$	108.4		$	31.5		$	558.0
Intersegment sales				2.2			8.2			24.9			35.3
Total segment net sales			$	420.3		$	116.6		$	56.4		$	593.3
Reconciliation of net sales
Elimination of intersegment sales													(35.3)
Total consolidated net sales												$	558.0
Less (a)
Segment cost of goods sold				204.0			74.5			41.3
Segment selling, general and administrative				104.8			24.7			8.9
Segment research and development				13.7			2.3			0.7
Segment earnings				97.8			15.1			5.5			118.4

Reconciliation of segment earnings to income before income taxes
Segment special items (b)													(18.4)
Corporate operating loss (c)													(12.3)
Consolidated operating income													87.7
Interest income													(2.3)
Interest expense													2.7
Other expense, net													0.4
Income before income taxes												$	86.9

(a)	The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM. Significant segment expenses exclude certain expenses incurred and benefits recognized, see footnote (b). Intersegment expenses are included within the amounts shown.

(b)	Segment special items are excluded from segment earnings and defined as nonrecurring and unusual expenses incurred or benefits recognized such as restructuring costs and acquisition-related costs.

(c)	Corporate expenses are primarily for administrative compensation expense, compliance costs, professional fees, including corporate-related legal and audit expenses, shareholder services and benefit administration costs.


		First Quarter Ended
		March 29,			March 30,
		2026			2025

		(in millions)
Capital expenditures
Americas		$	8.7		$	6.5
Europe			2.4			2.8
APMEA			0.2			0.3
Consolidated capital expenditures		$	11.3		$	9.6
Depreciation and amortization of intangibles
Americas		$	11.8		$	10.8
Europe			2.6			2.4
APMEA			1.0			0.5
Consolidated depreciation and amortization of intangibles		$	15.4		$	13.7


		March 29,			December 31,
		2026			2025

		(in millions)
Identifiable assets (at end of period)
Americas		$	2,079.1		$	2,043.6
Europe			629.4			616.5
APMEA			231.3			221.1
Consolidated identifiable assets		$	2,939.8		$	2,881.2
Property, plant and equipment, net (at end of period)
Americas		$	201.8		$	202.1
Europe			77.4			78.7
APMEA			17.2			16.3
Consolidated property, plant and equipment, net		$	296.4		$	297.1

Schedule of U.S. net sales and U.S. property, plant and equipment of the Company's Americas segment


		First Quarter Ended
		March 29,			March 30,
		2026			2025

		(in millions)
U.S. net sales		$	484.9		$	394.1