Reportable Business Segments (Tables)

6 Months Ended

Jun. 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 six months ended June 30, 2025 and 2024:

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

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Total segment operating income	$	1,506.7	$	813.5	$	2,683.2	$	1,539.6
Corporate / Other:
Stock-based compensation expense		(31.3)		(26.6)		(57.9)		(50.4)
Amortization of acquisition-related inventory step-up costs		(16.9)		—		(77.8)		—
Acquisition-related expenses		(12.0)		(70.0)		(56.0)		(70.0)
Other operating expenses		(27.7)		(18.1)		(47.9)		(35.5)
Operating income		1,418.8		698.8		2,443.6		1,383.7
Interest expense		(80.9)		(56.3)		(157.4)		(94.4)
Other income (expense), net		10.2		21.3		24.7		37.3
Income before income taxes	$	1,348.1	$	663.8	$	2,310.9	$	1,326.6

Schedule of depreciation and amortization expense

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Harsh Environment Solutions	$	40.9	$	46.0	$	79.2	$	68.7
Communications Solutions		112.8		41.2		202.6		86.3
Interconnect and Sensor Systems		36.2		34.0		70.9		67.9
Corporate / Other		19.5		2.4		93.0		4.5
Total	$	209.4	$	123.6	$	445.7	$	227.4