XML 47 R35.htm IDEA: XBRL DOCUMENT v3.25.3
Reportable Business Segments (Tables)
9 Months Ended
Sep. 30, 2025
Reportable Business Segments  
Schedule of total sales, intersegment sales and external net sales by segment and a reconciliation by segment of external net sales to segment operating income.

The following tables (i) summarize, by segment, total sales, intersegment sales and external net sales and (ii) reconcile each segment’s external net sales to their respective segment operating income, including segment operating expenses, for the three and nine months ended September 30, 2025 and 2024:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Harsh Environment Solutions

​

Communications Solutions

​

Interconnect and Sensor Systems

​

Total

Three Months Ended September 30, 2025

​

​

​

​

​

​

​

​

​

​

​

​

Total sales

​

$

1,547.5

​

$

3,343.0

​

$

1,384.6

​

$

6,275.1

Less: Intersegment sales

​

​

31.7

​

​

33.5

​

​

15.5

​

​

80.7

External net sales

​

​

1,515.8

​

​

3,309.5

​

​

1,369.1

​

​

6,194.4

​

​

​

​

​

​

​

​

​

​

​

​

​

Less: Segment operating expenses (1)

​

​

1,104.9

​

​

2,228.2

​

​

1,094.7

​

​

4,427.8

Segment operating income

​

$

410.9

​

$

1,081.3

​

$

274.4

​

$

1,766.6

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine Months Ended September 30, 2025

​

​

​

​

​

​

​

​

​

​

​

​

Total sales

​

$

4,318.2

​

$

8,706.5

​

$

3,834.2

​

$

16,858.9

Less: Intersegment sales

​

​

88.9

​

​

73.5

​

​

40.8

​

​

203.2

External net sales

​

​

4,229.3

​

​

8,633.0

​

​

3,793.4

​

​

16,655.7

​

​

​

​

​

​

​

​

​

​

​

​

​

Less: Segment operating expenses (1)

​

​

3,143.5

​

​

6,000.2

​

​

3,062.2

​

​

12,205.9

Segment operating income

​

$

1,085.8

​

$

2,632.8

​

$

731.2

​

$

4,449.8

_____________________________

(1)The aggregated amount is comprised of cost of sales, selling, general and administrative expenses, and other segment related expenses.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Harsh Environment Solutions

​

Communications Solutions

​

Interconnect and Sensor Systems

​

Total

Three Months Ended September 30, 2024

​

​

​

​

​

​

​

​

​

​

​

​

Total sales

​

$

1,217.2

​

$

1,698.1

​

$

1,167.7

​

$

4,083.0

Less: Intersegment sales

​

​

23.7

​

​

12.6

​

​

7.9

​

​

44.2

External net sales

​

​

1,193.5

​

​

1,685.5

​

​

1,159.8

​

​

4,038.8

​

​

​

​

​

​

​

​

​

​

​

​

​

Less: Segment operating expenses (1)

​

​

909.8

​

​

1,254.5

​

​

942.2

​

​

3,106.5

Segment operating income

​

$

283.7

​

$

431.0

​

$

217.6

​

$

932.3

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine Months Ended September 30, 2024

​

​

​

​

​

​

​

​

​

​

​

​

Total sales

​

$

3,220.8

​

$

4,433.0

​

$

3,372.9

​

$

11,026.7

Less: Intersegment sales

​

​

65.3

​

​

37.2

​

​

19.3

​

​

121.8

External net sales

​

​

3,155.5

​

​

4,395.8

​

​

3,353.6

​

​

10,904.9

​

​

​

​

​

​

​

​

​

​

​

​

​

Less: Segment operating expenses (1)

​

​

2,367.7

​

​

3,328.1

​

​

2,737.3

​

​

8,433.1

Segment operating income

​

$

787.8

​

$

1,067.7

​

$

616.3

​

$

2,471.8

____________________________

(1)The aggregated amount is comprised of cost of sales, selling, general and administrative expenses, and other segment related expenses.
Schedule of the reconciliation of segment operating income to consolidated income before income taxes

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 

​

Nine Months Ended September 30, 

​

​

2025

​

2024

​

2025

​

2024

Total segment operating income

​

$

1,766.6

​

$

932.3

​

$

4,449.8

​

$

2,471.8

​

​

​

​

​

​

​

​

​

​

​

​

​

Corporate / Other:

​

​

​

​

​

​

​

​

​

​

​

​

Stock-based compensation expense

​

​

(36.9)

​

​

(29.5)

​

​

(94.8)

​

​

(79.9)

Amortization of acquisition-related inventory step-up costs

​

​

—

​

​

(18.2)

​

​

(77.8)

​

​

(18.2)

Acquisition-related expenses

​

​

—

​

​

(45.4)

​

​

(56.0)

​

​

(115.4)

Other operating expenses

​

​

(27.4)

​

​

(19.7)

​

​

(75.3)

​

​

(55.1)

Operating income

​

​

1,702.3

​

​

819.5

​

​

4,145.9

​

​

2,203.2

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest expense

​

​

(80.7)

​

​

(55.7)

​

​

(238.1)

​

​

(150.1)

Other income (expense), net

​

​

19.3

​

​

11.2

​

​

44.1

​

​

48.5

​

​

​

​

​

​

​

​

​

​

​

​

​

Income before income taxes

​

$

1,640.9

​

$

775.0

​

$

3,951.9

​

$

2,101.6

Schedule of depreciation and amortization expense

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Three Months Ended September 30, 

​

Nine Months Ended September 30, 

​

​

2025

​

2024

​

2025

​

2024

Harsh Environment Solutions

 

$

41.3

​

$

36.5

​

$

120.5

​

$

88.6

Communications Solutions

​

​

140.4

​

​

71.9

​

​

343.0

​

​

158.2

Interconnect and Sensor Systems

​

​

38.9

​

​

33.8

​

​

109.8

​

​

101.7

Corporate / Other

​

​

7.1

​

​

59.0

​

​

100.1

​

​

80.2

Total

​

$

227.7

​

$

201.2

​

$

673.4

​

$

428.7