XML 106 R27.htm IDEA: XBRL DOCUMENT v3.19.3
Segment and Geographic Data
12 Months Ended
Sep. 27, 2019
Segment and Geographic Data  
Segment and Geographic Data

20. Segment and Geographic Data

We operate through three reportable segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. See Note 1 for a description of the segments in which we operate.

Segment performance is evaluated based on net sales and operating income. Generally, we consider all expenses to be of an operating nature and, accordingly, allocate them to each reportable segment. Costs specific to a segment are charged to the segment. Corporate expenses, such as headquarters administrative costs, are allocated to the segments based on segment operating income. Intersegment sales were not material and were recorded at selling prices that approximated market prices. Corporate assets are allocated to the segments based on segment assets.

Net sales by segment and industry end market(1) were as follows:

Fiscal

    

2019

    

2018

    

2017

  

(in millions)

Transportation Solutions:

Automotive

$

5,686

$

6,092

$

5,228

Commercial transportation

 

1,221

 

1,280

 

997

Sensors

 

914

 

918

 

814

Total Transportation Solutions

7,821

8,290

7,039

Industrial Solutions:

Industrial equipment

1,949

1,987

1,747

Aerospace, defense, oil, and gas

1,306

1,157

1,075

Energy

699

712

685

Total Industrial Solutions

3,954

3,856

3,507

Communications Solutions:

Data and devices

993

1,068

963

Appliances

680

774

676

Total Communications Solutions

1,673

1,842

1,639

Total

$

13,448

$

13,988

$

12,185

(1)Industry end market information is presented consistently with our internal management reporting and may be revised periodically as management deems necessary.

Net sales by geographic region and segment were as follows:

Fiscal

    

2019

    

2018

    

2017

  

(in millions)

Europe/Middle East/Africa (“EMEA”):

Transportation Solutions

$

3,099

$

3,417

$

2,786

Industrial Solutions

1,466

1,534

1,354

Communications Solutions

258

304

259

Total EMEA

4,823

5,255

4,399

Asia–Pacific:

Transportation Solutions

2,812

3,025

2,715

Industrial Solutions

625

668

634

Communications Solutions

964

1,069

963

Total Asia–Pacific

4,401

4,762

4,312

Americas:

Transportation Solutions

1,910

1,848

1,538

Industrial Solutions

1,863

1,654

1,519

Communications Solutions

451

469

417

Total Americas

4,224

3,971

3,474

Total

$

13,448

$

13,988

$

12,185

Operating income by segment was as follows:

Fiscal

    

2019

    

2018

    

2017

  

(in millions)

Transportation Solutions

$

1,226

$

1,578

$

1,294

Industrial Solutions

543

465

364

Communications Solutions

209

288

218

Total

$

1,978

$

2,331

$

1,876

No single customer accounted for a significant amount of our net sales in fiscal 2019, 2018, or 2017.

As we are not organized by product or service, it is not practicable to disclose net sales by product or service.

Depreciation and amortization and capital expenditures were as follows:

Depreciation and

Amortization

Capital Expenditures

Fiscal

Fiscal

    

2019

    

2018

    

2017

    

2019

    

2018

    

2017

(in millions)

Transportation Solutions

$

442

$

416

$

362

$

530

$

711

$

473

Industrial Solutions

 

181

 

178

 

165

 

145

 

145

 

123

Communications Solutions

 

67

 

73

 

84

 

74

 

79

 

83

Total

$

690

$

667

$

611

$

749

$

935

$

679

Segment assets and a reconciliation of segment assets to total assets were as follows:

Segment Assets

Fiscal Year End

    

2019

    

2018

    

2017

  

(in millions)

Transportation Solutions

$

4,781

$

4,707

$

4,084

Industrial Solutions

 

2,100

 

2,049

 

1,909

Communications Solutions

 

849

 

959

 

951

Total segment assets(1)

 

7,730

 

7,715

 

6,944

Other current assets

 

1,398

 

1,981

 

2,141

Other non-current assets

 

10,566

 

10,690

 

10,318

Total assets

$

19,694

$

20,386

$

19,403

(1)Segment assets are composed of accounts receivable, inventories, and net property, plant, and equipment.

Net sales and net property, plant, and equipment by geographic region were as follows:

Property, Plant, and

Net Sales(1)

Equipment, Net

Fiscal

Fiscal Year End

    

2019

    

2018

    

2017

    

2019

    

2018

    

2017

  

(in millions)

EMEA:

Switzerland

$

3,251

$

3,478

$

3,016

$

92

$

94

$

80

Germany

 

404

 

443

 

235

 

443

 

448

 

413

Other EMEA

 

1,168

 

1,334

 

1,148

 

851

 

829

 

741

Total EMEA

 

4,823

 

5,255

 

4,399

 

1,386

 

1,371

 

1,234

Asia–Pacific:

China

 

2,443

 

2,739

 

2,414

 

642

 

627

 

555

Other Asia–Pacific

 

1,958

 

2,023

 

1,898

 

449

 

436

 

390

Total Asia–Pacific

 

4,401

 

4,762

 

4,312

 

1,091

 

1,063

 

945

Americas:

U.S.

3,794

3,583

3,136

991

964

880

Other Americas

 

430

 

388

 

338

 

106

 

99

 

100

Total Americas

 

4,224

 

3,971

 

3,474

 

1,097

 

1,063

 

980

Total

$

13,448

$

13,988

$

12,185

$

3,574

$

3,497

$

3,159

(1)

Net sales to external customers are attributed to individual countries based on the legal entity that records the sale.