v3.25.1
SALES (Tables)
3 Months Ended
Mar. 28, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities
Our contract liabilities consisted of the following ($ in millions):
March 28, 2025December 31, 2024
Deferred revenue - current$560.0 $553.2 
Deferred revenue - noncurrent59.1 58.9 
Total contract liabilities$619.1 $612.1 
Schedule of Remaining Performance Obligations
The aggregate remaining performance obligations attributable to each of our segments is as follows ($ in millions):
March 28, 2025
Intelligent Operating Solutions$622.2 
Precision Technologies59.3 
Advanced Healthcare Solutions101.9 
Total remaining performance obligations$783.4 
Schedule of Disaggregation of Revenue
Disaggregation of revenue for the three-month period ended March 28, 2025 is presented as follows ($ in millions):
TotalIntelligent Operating SolutionsPrecision TechnologiesAdvanced Healthcare Solutions    
Sales:
Sales of products and software$1,248.4 $569.1 $443.5 $235.8 
Sales of services225.8 102.3 57.1 66.4 
Total$1,474.2 $671.4 $500.6 $302.2 
Geographic:
United States$805.9 $376.7 $254.3 $174.9 
China157.3 59.8 72.8 24.7 
All other
511.0 234.9 173.5 102.6 
Total$1,474.2 $671.4 $500.6 $302.2 
End markets:(a)
Direct sales:
  Healthcare$341.5 $10.5 $45.5 $285.5 
  Industrial & Manufacturing335.9 240.0 91.4 4.5 
  Government121.4 71.7 40.8 8.9 
  Utilities & Power108.6 49.6 59.0 — 
  Communications, Electronics & Semiconductor80.5 29.2 51.3 — 
  Aerospace & Defense74.2 0.1 74.1 — 
  Retail & Consumer85.1 67.4 17.7 — 
  Oil & Gas72.1 70.4 1.7 — 
  Other167.6 95.8 71.8 — 
Total direct sales
1,386.9 634.7 453.3 298.9 
Distributors87.3 36.7 47.3 3.3 
Total$1,474.2 $671.4 $500.6 $302.2 
(a) Direct sales by end market include sales made through third-party distributors where we have visibility to the end customer.
Disaggregation of revenue for the three-month period ended March 29, 2024 is presented as follows ($ in millions):
TotalIntelligent Operating SolutionsPrecision TechnologiesAdvanced Healthcare Solutions    
Sales:
Sales of products and software$1,299.9 $566.9 $500.6 $232.4 
Sales of services224.6 98.8 58.4 67.4 
Total$1,524.5 $665.7 $559.0 $299.8 
Geographic:
United States$789.9 $349.5 $274.1 $166.3 
China176.3 67.1 82.9 26.3 
All other
558.3 249.1 202.0 107.2 
Total$1,524.5 $665.7 $559.0 $299.8 
End markets:(a)
Direct sales:
  Healthcare$337.2 $11.3 $43.2 $282.7 
  Industrial & Manufacturing350.3 242.2 103.5 4.6 
  Government126.2 69.5 47.6 9.1 
  Utilities & Power101.9 49.2 52.7 — 
  Communications, Electronics & Semiconductor90.4 27.9 62.5 — 
  Aerospace & Defense83.4 0.1 83.3 — 
  Retail & Consumer76.8 61.7 15.1 — 
  Oil & Gas72.7 69.5 3.2 — 
  Other188.2 95.9 92.3 — 
Total direct sales
1,427.1 627.3 503.4 296.4 
Distributors97.4 38.4 55.6 3.4 
Total$1,524.5 $665.7 $559.0 $299.8 
(a) Direct sales by end market include sales made through third-party distributors where we have visibility to the end customer.