Reportable Business Segments (Tables)

3 Months Ended

Mar. 31, 2026

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 table (i) summarizes, by segment, total sales, intersegment sales and external net sales and (ii) reconciles each segment’s external net sales to their respective segment operating income, including segment operating expenses, for the three months ended March 31, 2026 and 2025:

	Communications Solutions		Harsh Environment Solutions		Interconnect and Sensor Systems		Total
Three Months Ended March 31, 2026
Total sales	$	4,561.0	$	1,725.4	$	1,413.3	$	7,699.7
Less: Intersegment sales		26.3		32.3		21.0		79.6
External net sales		4,534.7		1,693.1		1,392.3		7,620.1
Less: Segment operating expenses (1)		3,145.3		1,219.8		1,110.6		5,475.7
Segment operating income	$	1,389.4	$	473.3	$	281.7	$	2,144.4
Three Months Ended March 31, 2025
Total sales	$	2,429.5	$	1,295.0	$	1,138.9	$	4,863.4
Less: Intersegment sales		15.8		26.8		9.8		52.4
External net sales		2,413.7		1,268.2		1,129.1		4,811.0
Less: Segment operating expenses (1)		1,752.9		957.0		924.6		3,634.5
Segment operating income	$	660.8	$	311.2	$	204.5	$	1,176.5

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(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
	March 31,
	2026		2025
Total segment operating income	$	2,144.4	$	1,176.5
Corporate / Other:
Stock-based compensation expense		(34.2)		(26.6)
Amortization of acquisition-related inventory step-up costs		(132.0)		(60.9)
Acquisition-related expenses		(116.9)		(44.0)
Other operating expenses		(29.5)		(20.2)
Operating income		1,831.8		1,024.8
Interest expense		(207.9)		(76.5)
Other income (expense), net		21.8		14.6
Income before income taxes	$	1,645.7	$	962.9

Schedule of depreciation and amortization expense

	Three Months Ended
	March 31,
	2026		2025
Communications Solutions	$	211.3	$	89.8
Harsh Environment Solutions		47.9		38.3
Interconnect and Sensor Systems		40.0		34.7
Corporate / Other		186.6		73.5
Total	$	485.8	$	236.3