Reporting Segment And Geographic Information (Tables)

3 Months Ended

Apr. 04, 2025

Segment Reporting [Abstract]

Schedule of Revenue, Operating Income and Identifiable Assets by Segment

The following reporting segment tables reflect the revenue, costs and expenses, and operating income of our reportable operating segments under our management reporting system. Segment costs and expenses include directly attributable costs and certain indirect costs allocated to segments, such as facilities, information technology, cloud services, finance, legal, and human resources. This is consistent with the way the CODM evaluates each of the segment’s performance and allocates resources.

	Reporting Segments
	AECO			Field Systems			T&L
(In millions)
First Quarter of 2025
Segment revenue	$	335.4		$	359.2		$	146.0
Cost of sales	58.9			154.2			44.6
Operating expense	184.9			98.4			75.3
Operating income	$	91.6		$	106.6		$	26.1
Operating income %	27.3		%	29.7		%	17.9		%
First Quarter of 2024
Segment revenue	$	339.1		$	419.2		$	195.0
Cost of sales	55.3			195.9			73.5
Operating expense	157.1			125.0			85.2
Operating income	$	126.7		$	98.3		$	36.3
Operating income %	37.4		%	23.4		%	18.6		%

Schedule of Reconciliation of Our Condensed Consolidated Segment Operating Income to Condensed Consolidated Income Before Income Taxes

A reconciliation of our condensed consolidated segment operating income to condensed consolidated income before income taxes was as follows: 

	First Quarter of
	2025		2024
(In millions)
Total segment operating income	$	224.3	$	261.3
Unallocated general corporate expenses	(26.1)		(26.9)
Amortization of purchased intangible assets	(42.0)		(54.5)
Acquisition / divestiture items	(8.9)		(23.9)
Stock-based compensation / deferred compensation	(37.5)		(38.8)
Restructuring and other costs	(12.3)		(8.0)
Consolidated operating income	97.5		109.2
Total non-operating expense, net	(11.1)		(36.2)
Consolidated income before taxes	$	86.4	$	73.0

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The disaggregation of revenue by geography is summarized in the tables below. Revenue is defined as revenue from external customers attributed to countries based on the location of the customer and is consistent with the Reporting Segment tables above.

	Reporting Segments
	AECO		Field Systems		T&L		Total
(In millions)
First Quarter of 2025
North America	$	229.2	$	192.3	$	84.2	$	505.7
Europe	71.8		95.6		55.3		222.7
Asia Pacific	27.7		49.4		2.7		79.8
Rest of World	6.7		21.9		3.8		32.4
Total segment revenue	$	335.4	$	359.2	$	146.0	$	840.6
First Quarter of 2024
North America	$	193.1	$	182.0	$	119.7	$	494.8
Europe	100.0		140.5		56.7		297.2
Asia Pacific	35.0		65.0		5.7		105.7
Rest of World	11.0		31.7		12.9		55.6
Total segment revenue	$	339.1	$	419.2	$	195.0	$	953.3