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Segment information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Segment Results

The following tables present our segment results for the three and six months ended June 30, 2024 and July 2, 2023:

			Three Months Ended												Six Months Ended
			June 30, 2024						July 2, 2023						June 30, 2024						July 2, 2023
Americas			$	426,807					$	424,644					$	833,093					$	836,508
EMEA			147,064						147,809						306,720						291,149
Asia			86,995						86,678						171,205						165,409
OEM			88,825						84,128						176,522						161,125
Net revenues			$	749,691					$	743,259					$	1,487,540					$	1,454,191

			Three Months Ended												Six Months Ended
			June 30, 2024						July 2, 2023						June 30, 2024						July 2, 2023
Americas			$	90,665					$	116,303					$	178,654					$	214,921
EMEA			13,122						13,097						39,224						25,868
Asia			17,326						23,148						34,521						44,148
OEM			26,133						23,779						49,250						43,816
Total segment operating profit (1)			147,246						176,327						301,649						328,753
Unallocated expenses (2)			(30,368)						(32,766)						(189,564)						(70,218)
Income from continuing operations before interest and taxes			$	116,878					$	143,561					$	112,085					$	258,535

(1)Segment operating profit includes segment net revenues from external customers reduced by its standard cost of goods sold, adjusted for fixed manufacturing cost absorption variances, selling, general and administrative expenses, research and development expenses and an allocation of corporate expenses.

(2)Unallocated expenses primarily include manufacturing variances other than fixed manufacturing cost absorption variances, restructuring and impairment charges and settlement charges related to our plan to terminate the TRIP, as described in Note 12.

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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

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- References

No definition available.

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