SEGMENT AND GEOGRAPHIC INFORMATION

3 Months Ended

Mar. 29, 2025

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC INFORMATION

SEGMENT AND GEOGRAPHIC INFORMATION

The tables below show select financial measures by reporting segment(1) (in millions):

	CSCA		CSCI		Unallocated		Total
March 29, 2025
Total assets	$	4,533.4	$	5,226.4	$	—	$	9,759.8
Property, plant and equipment, net	$	758.8	$	154.4	$	—	$	913.2
December 31, 2024
Total assets	$	4,687.6	$	4,960.1	$	—	$	9,647.7
Property, plant and equipment, net	$	769.0	$	148.8	$	—	$	917.8

	CSCA			CSCI			Unallocated			Total
Three Months Ended March 29, 2025
Net sales	$	620.7		$	423.1		$	—		$	1,043.9
Cost of sales	420.7			230.9			—			651.6
Gross profit	200.1			192.2			—			392.3
Gross margin	32.2		%	45.4		%	—		%	37.6		%
Operating expenses
Distribution	13.2			9.6			—			22.8
Research and development	15.1			11.6			—			26.7
Selling	56.8			89.3			—			146.2
Administration	30.9			35.3			46.1			112.2
Impairment charges	—			3.1			—			3.1
Restructuring	20.1			3.8			5.5			29.4
Other operating (income) expense, net	—			—			5.0			5.0
Total operating expenses	136.1			152.7			56.6			345.4
Operating income (loss)	$	64.0		$	39.6		$	(56.6)		$	46.9
Operating income %	10.3		%	9.4		%	NM			4.5		%
Interest expense, net										39.0
Other (income) expense, net										(0.4)
Income (loss) from continuing operations before income taxes										8.3

	CSCA		CSCI		Unallocated		Total
Three Months Ended March 29, 2025
Capital expenditures	$	14.9	$	10.6	$	—	$	25.5
Depreciation/amortization	$	35.3	$	44.6	$	—	$	79.9

	CSCA			CSCI			Unallocated			Total
Three Months Ended March 30, 2024
Net sales	$	644.1		$	437.9		$	—		$	1,082.1
Cost of sales	490.6			233.8			—			724.4
Gross profit	153.5			204.2			—			357.7
Gross margin	23.8		%	46.6		%	—		%	33.1		%
Operating expenses
Distribution	13.4			11.4			—			24.9
Research and development	16.4			12.6			—			29.0
Selling	52.1			98.1			—			150.3
Administration	39.4			39.9			51.1			130.4
Restructuring	16.5			15.5			12.3			44.3
Other operating (income) expense, net	—			—			34.0			34.0
Total operating expenses	137.8			177.6			97.4			412.9
Operating income (loss)	$	15.7		$	26.5		$	(97.4)		$	(55.2)
Operating income %	2.4		%	6.1		%	NM			(5.1)		%
Interest expense, net										43.0
Other (income) expense, net										0.4
Income (loss) from continuing operations before income taxes										(98.6)

	CSCA		CSCI		Unallocated		Total
Three Months Ended March 30, 2024
Capital expenditures	$	18.2	$	6.9	$	—	$	25.1
Depreciation/amortization	$	33.2	$	48.2	$	—	$	81.4

(1) Amounts may not add or recalculate due to rounding. Percentages are based on actuals.