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Reportable Business Segments (Tables)
6 Months Ended
Jun. 30, 2024
Reportable Business Segments  
Schedule of net sales, both external and intersegment, by segment

    

External

Intersegment

Three Months Ended June 30, 

2024

2023

2024

2023

Harsh Environment Solutions

 

$

1,046.0

$

888.9

$

21.9

$

24.0

Communications Solutions

1,444.6

1,161.6

13.4

12.1

Interconnect and Sensor Systems

1,119.1

1,003.4

6.4

4.3

Consolidated Net sales

$

3,609.7

$

3,053.9

$

41.7

$

40.4

Six Months Ended June 30, 

Harsh Environment Solutions

 

$

1,962.0

$

1,743.1

$

41.5

$

47.8

Communications Solutions

2,710.3

2,288.4

24.6

26.0

Interconnect and Sensor Systems

2,193.7

1,996.5

11.4

9.4

Consolidated Net sales

$

6,866.0

$

6,028.0

$

77.5

$

83.2

Schedule of the reconciliation of segment operating income to consolidated income before income taxes

Three Months Ended June 30, 

Six Months Ended June 30, 

2024

2023

2024

2023

Segment operating income:

Harsh Environment Solutions

$

259.6

$

240.3

$

504.1

$

466.6

Communications Solutions

350.6

238.5

636.8

469.1

Interconnect and Sensor Systems

203.3

185.9

398.7

364.7

Total segment operating income

813.5

664.7

1,539.6

1,300.4

Corporate / Other:

Stock-based compensation expense

(26.6)

(23.8)

(50.4)

(45.5)

Acquisition-related expenses

(70.0)

(4.0)

(70.0)

(9.4)

Other operating expenses

(18.1)

(17.0)

(35.5)

(33.9)

Interest expense

(56.3)

(35.0)

(94.4)

(71.0)

Gain on bargain purchase acquisition

5.4

5.4

Other income (expense), net

21.3

5.6

37.3

9.8

Income before income taxes

$

663.8

$

595.9

$

1,326.6

$

1,155.8

Schedule of depreciation and amortization expense

    

Three Months Ended June 30, 

Six Months Ended June 30, 

2024

2023

2024

2023

Harsh Environment Solutions

 

$

46.0

$

19.8

$

68.7

$

44.3

Communications Solutions

41.2

40.6

86.3

79.8

Interconnect and Sensor Systems

34.0

31.8

67.9

62.8

Corporate / Other

2.4

1.9

4.5

3.5

Total

$

123.6

$

94.1

$

227.4

$

190.4