Segment Information & Geographic Data (Tables)

9 Months Ended

Sep. 27, 2025

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 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Net sales:
AIT	$	455	$	410	$	1,335	$	1,199
EVM	865		845		2,586		2,448
Total Net sales	$	1,320	$	1,255	$	3,921	$	3,647
Cost of sales:
AIT	$	225	$	211	$	666	$	629
EVM	461		431		1,360		1,253
Operating expenses:
AIT (1)	$	127	$	116	$	383	$	338
EVM (1)	289		272		860		810
Operating income:
AIT (2)	$	103	$	83	$	286	$	232
EVM (2)	115		142		366		385
Total segment operating income	218		225		652		617
Corporate (3)	(35)		(34)		(91)		(100)
Total Operating income	$	183	$	191	$	561	$	517

(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 by Region

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

	Three Months Ended				Nine Months Ended
	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
North America	$	666	$	628	$	1,969	$	1,839
EMEA	394		405		1,252		1,204
Asia-Pacific	163		132		429		362
Latin America	97		90		271		242
Total Net sales	$	1,320	$	1,255	$	3,921	$	3,647