Segment Information & Geographic Data (Tables)

3 Months Ended

Mar. 29, 2025

Segment Reporting [Abstract]

Schedule of Financial Information by Segments

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

	Three Months Ended
	March 29, 2025		March 30, 2024
Net sales:
AIT	$	462	$	392
EVM	846		783
Total Net sales	$	1,308	$	1,175
Cost of sales:
AIT	$	226	$	208
EVM	437		404
Operating expenses:
AIT (1)	$	136	$	108
EVM (1)	287		259
Operating income:
AIT (2)	$	100	$	76
EVM (2)	122		120
Total segment operating income	222		196
Corporate (3)	(27)		(37)
Total Operating income	$	195	$	159

(1)AIT and EVM segment operating expenses include Selling and marketing, Research and development, and General and administrative expenses, excluding the amounts classified within Corporate.

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

(3)To the extent applicable, amounts included in Corporate consist of Amortization of intangible assets, Acquisition and integration costs, Exit and restructuring costs, as well as certain other non-recurring costs (impairment of goodwill and other intangibles, and business acquisition purchase accounting adjustments).

Schedule of Net Sales to Customers by Geographic Region

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

	Three Months Ended
	March 29, 2025		March 30, 2024
North America	$	656	$	612
EMEA	443		380
Asia-Pacific	125		112
Latin America	84		71
Total Net sales	$	1,308	$	1,175