Segment Information & Geographic Data (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Financial Information by Segments

Financial information by segment is presented as follows (in millions):

	Three Months Ended				Nine Months Ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Net sales:
AIT	$	324	$	442	$	1,305	$	1,320
EVM	632		936		2,270		2,958
Total Net sales	$	956	$	1,378	$	3,575	$	4,278
Operating income (loss):
AIT(2)	$	44	$	85	$	287	$	235
EVM(2)	30		159		285		536
Total segment operating income	74		244		572		771
Corporate (1)	(86)		(42)		(165)		(502)
Total Operating (loss) income	$	(12)	$	202	$	407	$	269

(1)To the extent applicable, amounts included in Corporate consist of business acquisition purchase accounting adjustments, amortization of intangible assets, acquisition and integration costs, impairment of goodwill and other intangibles, exit and restructuring costs, as well as certain other non-recurring costs (such as the Settlement costs in the prior year).

(2)AIT and EVM segment operating income includes depreciation and share-based compensation expense. The amounts of depreciation and share-based compensation expense are proportionate to each segment’s Net sales.

Schedule of Net Sales to Customers by Geographic Region

Net sales by region were as follows (in millions):

	Three Months Ended				Nine Months Ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
North America	$	517	$	690	$	1,884	$	2,103
EMEA	269		456		1,086		1,477
Asia-Pacific	106		158		382		459
Latin America	64		74		223		239
Total Net sales	$	956	$	1,378	$	3,575	$	4,278