XML 39 R10.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Revenue Recognition
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The following tables present net revenue disaggregated by segment and end market for the three months ended March 31, 2024 and 2023 for our two reportable segments, Performance Sensing ("PS") and Sensing Solutions ("SS"), and other:
For the three months ended March 31, 2024
PSSSOtherTotal
Automotive$530,624 $32,408 $— $563,032 
HVOR (1)
182,694 6,858 — 189,552 
Industrial— 124,281 — 124,281 
Appliance and HVAC (2)
— 47,055 — 47,055 
Aerospace— 46,153 — 46,153 
Other— 1,084 35,552 36,636 
Total$713,318 $257,839 $35,552 $1,006,709 
For the three months ended March 31, 2023
PSSS
Other (3)
Total
Automotive (3)
$499,095 $25,923 $— $525,018 
HVOR (3)(4)
168,667 5,754 — 174,421 
Industrial (4)
— 148,512 — 148,512 
Appliance and HVAC — 47,474 — 47,474 
Aerospace— 44,326 — 44,326 
Other (3)
— 11,461 46,963 58,424 
Total$667,762 $283,450 $46,963 $998,175 
___________________________________
(1)    Heavy vehicle and off-road.
(2)    Heating, ventilation and air conditioning.
(3)    In the three months ended March 31, 2024, we realigned our segments, as discussed further in Note 1: Basis of Presentation and Note 15: Segment Reporting. As a result, certain revenue in the Automotive and HVOR end markets have been moved from Performance Sensing to Sensing Solutions. In addition, Insights revenue was moved from the HVOR end market (in Performance Sensing) to the other end market in a separate operating segment that is not aggregated within either of our reportable segments. The three months ended March 31, 2023 have been retrospectively recast to reflect this change.
(4)    Effective April 1, 2023, we moved our material handling products from Performance Sensing to Sensing Solutions operating segment to align with new management reporting. As a result, material handling revenue was moved from the HVOR end market to the Industrial end market. The three months ended March 31, 2023 have been retrospectively recast to reflect this change.