XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.3

Revenues (Tables)

9 Months Ended

Sep. 28, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Major Product Category

The following tables present our revenues disaggregated by major product category.

						Broadband  Solutions						Automation Solutions						Smart Buildings Solutions						Total  Revenues
Three Months Ended September 28, 2025						(In thousands)
Smart Infrastructure Solutions						$	166,695					$	—					$	150,218					$	316,913
Automation Solutions						—						381,308						—						381,308
Total						$	166,695					$	381,308					$	150,218					$	698,221
Three Months Ended September 29, 2024
Smart Infrastructure Solutions						$	174,467					$	—					$	145,180					$	319,647
Automation Solutions						—						335,279						—						335,279
Total						$	174,467					$	335,279					$	145,180					$	654,926
Nine Months Ended September 28, 2025
Smart Infrastructure Solutions						$	468,727					$	—					$	428,255					$	896,982
Automation Solutions						—						1,098,092						—						1,098,092
Total						$	468,727					$	1,098,092					$	428,255					$	1,995,074
Nine Months Ended September 29, 2024
Smart Infrastructure Solutions						$	422,588					$	—					$	401,621					$	824,209
Automation Solutions						—						970,728						—						970,728
Total						$	422,588					$	970,728					$	401,621					$	1,794,937

The following tables present our revenues disaggregated by geography, based on the location of the customer purchasing the product.

						Americas						EMEA						APAC						Total Revenues
Three Months Ended September 28, 2025						(In thousands)
Smart Infrastructure Solutions						$	251,324					$	46,045					$	19,544					$	316,913
Automation Solutions						217,064						96,662						67,582						381,308
Total						$	468,388					$	142,707					$	87,126					$	698,221
Three Months Ended September 29, 2024
Smart Infrastructure Solutions						$	243,759					$	45,480					$	30,408					$	319,647
Automation Solutions						196,326						87,733						51,220						335,279
Total						$	440,085					$	133,213					$	81,628					$	654,926
Nine Months Ended September 28, 2025
Smart Infrastructure Solutions						$	709,552					$	128,348					$	59,082					$	896,982
Automation Solutions						635,678						275,368						187,046						1,098,092
Total						$	1,345,230					$	403,716					$	246,128					$	1,995,074
Nine Months Ended September 29, 2024
Smart Infrastructure Solutions						$	610,992					$	133,547					$	79,670					$	824,209
Automation Solutions						578,101						248,606						144,021						970,728
Total						$	1,189,093					$	382,153					$	223,691					$	1,794,937

Schedule of Contract With Customer, Asset and Liability

The following table presents estimated and accrued variable consideration:

						September 28, 2025						December 31, 2024
						(in thousands)
Accrued rebates included in accrued liabilities						$	64,723					$	51,063
Accrued returns included in accrued liabilities						10,264						15,950
Price adjustments recognized against gross accounts receivable						32,362						29,100

The following table presents deferred revenue activity during the three and nine months ended September 28, 2025 and September 29, 2024, respectively:

						2025						2024
						(In thousands)
Beginning balance at January 1						$	40,128					$	31,062
New deferrals						13,735						6,280
Revenue recognized						(10,420)						(7,392)
Balance at the end of Q1						$	43,443					$	29,950
New deferrals						16,225						11,058
Revenue recognized						(14,062)						(11,395)
Balance at the end of Q2						$	45,606					$	29,613
New deferrals						17,812						14,714
Acquisitions						—						46
Revenue recognized						(17,388)						(15,240)
Balance at the end of Q3						$	46,030					$	29,133

Schedule of Sales Commissions

The following table presents sales commissions that are recorded within selling, general and administrative expenses:

						Three Months Ended												Nine Months Ended
						September 28, 2025						September 29, 2024						September 28, 2025						September 29, 2024
						(In thousands)
Sales commissions						$	7,442					$	6,865					$	20,795					$	18,036

X

- Definition

Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 340
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479483/340-40-50-3

+ Details

Name:	us-gaap_CapitalizedContractCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration