Reportable Business Segments (Tables)

6 Months Ended

Jun. 30, 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 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 six months ended June 30, 2026 and 2025:

	Communications Solutions		Harsh Environment Solutions		Interconnect and Sensor Systems		Total
Three Months Ended June 30, 2026
Total sales	$	5,427.1	$	1,898.3	$	1,546.7	$	8,872.1
Less: Intersegment sales		43.5		41.5		29.0		114.0
External net sales		5,383.6		1,856.8		1,517.7		8,758.1
Less: Segment operating expenses (1)		3,575.3		1,297.5		1,198.8		6,071.6
Segment operating income	$	1,808.3	$	559.3	$	318.9	$	2,686.5
Six Months Ended June 30, 2026
Total sales	$	9,988.2	$	3,623.6	$	2,960.0	$	16,571.8
Less: Intersegment sales		69.9		73.7		50.0		193.6
External net sales		9,918.3		3,549.9		2,910.0		16,378.2
Less: Segment operating expenses (1)		6,720.6		2,517.3		2,309.4		11,547.3
Segment operating income	$	3,197.7	$	1,032.6	$	600.6	$	4,830.9

_____________________________

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

	Communications Solutions		Harsh Environment Solutions		Interconnect and Sensor Systems		Total
Three Months Ended June 30, 2025
Total sales	$	2,934.0	$	1,475.6	$	1,310.8	$	5,720.4
Less: Intersegment sales		24.2		30.4		15.5		70.1
External net sales		2,909.8		1,445.2		1,295.3		5,650.3
Less: Segment operating expenses (1)		2,019.1		1,081.5		1,043.0		4,143.6
Segment operating income	$	890.7	$	363.7	$	252.3	$	1,506.7
Six Months Ended June 30, 2025
Total sales	$	5,363.5	$	2,770.6	$	2,449.7	$	10,583.8
Less: Intersegment sales		40.0		57.2		25.3		122.5
External net sales		5,323.5		2,713.4		2,424.4		10,461.3
Less: Segment operating expenses (1)		3,772.0		2,038.5		1,967.6		7,778.1
Segment operating income	$	1,551.5	$	674.9	$	456.8	$	2,683.2

_____________________________

(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				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
Total segment operating income	$	2,686.5	$	1,506.7	$	4,830.9	$	2,683.2
Corporate / Other:
Stock-based compensation expense		(45.4)		(31.3)		(79.6)		(57.9)
Amortization of acquisition-related inventory step-up costs		—		(16.9)		(132.0)		(77.8)
Acquisition-related expenses		(23.5)		(12.0)		(140.4)		(56.0)
Other operating expenses		(33.0)		(27.7)		(62.5)		(47.9)
Operating income		2,584.6		1,418.8		4,416.4		2,443.6
Interest expense		(213.7)		(80.9)		(421.6)		(157.4)
Other income (expense), net		17.5		10.2		39.2		24.7
Income before income taxes	$	2,388.4	$	1,348.1	$	4,034.0	$	2,310.9

Schedule of depreciation and amortization expense

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
Communications Solutions	$	218.3	$	112.8	$	429.7	$	202.6
Harsh Environment Solutions		51.1		40.9		98.9		79.2
Interconnect and Sensor Systems		40.9		36.2		80.9		70.9
Corporate / Other		31.1		19.5		217.7		93.0
Total	$	341.4	$	209.4	$	827.2	$	445.7