| Segment and Geographic Data |
16. Segment and Geographic Data Effective for fiscal 2025, we reorganized our management and segments to align the organization around our current strategy. See Note 1 for additional information regarding our new segment structure. The following segment information reflects the new segment reporting structure. Prior period segment results have been recast to conform to the new segment structure.
Net sales by segment(1) and industry end market(2) were as follows: | | | | | | | | | | | | | | | | For the | | For the | | | | Quarters Ended | | Nine Months Ended | | | | June 27, | | June 28, | | June 27, | | June 28, | | | | 2025 | | 2024 | | 2025 | | 2024 | | | | | (in millions) | | Transportation Solutions: | | | | | | | | | | | | | | Automotive | | $ | 1,805 | | $ | 1,748 | | $ | 5,262 | | $ | 5,316 | | Commercial transportation | | | 377 | | | 363 | | | 1,046 | | | 1,103 | | Sensors | | | 236 | | | 240 | | | 667 | | | 732 | | Total Transportation Solutions | | | 2,418 | | | 2,351 | | | 6,975 | | | 7,151 | | Industrial Solutions: | | | | | | | | | | | | | | Automation and connected living | | | 571 | | | 519 | | | 1,562 | | | 1,483 | | Aerospace, defense, and marine | | | 374 | | | 345 | | | 1,082 | | | 977 | | Digital data networks | | | 606 | | | 329 | | | 1,501 | | | 881 | | Energy | | | 384 | | | 226 | | | 879 | | | 665 | | Medical | | | 181 | | | 209 | | | 514 | | | 620 | | Total Industrial Solutions | | | 2,116 | | | 1,628 | | | 5,538 | | | 4,626 | | Total | | $ | 4,534 | | $ | 3,979 | | $ | 12,513 | | $ | 11,777 | |
| (1) | Intersegment sales were not material. | |
| (2) | Industry end market information is presented consistently with our internal management reporting and may be revised periodically as management deems necessary. | |
Net sales by geographic region(1) and segment were as follows: | | | | | | | | | | | | | | | | For the | | For the | | | | Quarters Ended | | Nine Months Ended | | | | June 27, | | June 28, | | June 27, | | June 28, | | | | 2025 | | 2024 | | 2025 | | 2024 | | | | | (in millions) | | Europe/Middle East/Africa (“EMEA”): | | | | | | | | | | | | | | Transportation Solutions | | $ | 886 | | $ | 882 | | $ | 2,425 | | $ | 2,725 | | Industrial Solutions | | | 659 | | | 584 | | | 1,762 | | | 1,704 | | Total EMEA | | | 1,545 | | | 1,466 | | | 4,187 | | | 4,429 | | Asia–Pacific: | | | | | | | | | | | | | | Transportation Solutions | | | 1,016 | | | 901 | | | 3,110 | | | 2,803 | | Industrial Solutions | | | 644 | | | 432 | | | 1,695 | | | 1,166 | | Total Asia–Pacific | | | 1,660 | | | 1,333 | | | 4,805 | | | 3,969 | | Americas: | | | | | | | | | | | | | | Transportation Solutions | | | 516 | | | 568 | | | 1,440 | | | 1,623 | | Industrial Solutions | | | 813 | | | 612 | | | 2,081 | | | 1,756 | | Total Americas | | | 1,329 | | | 1,180 | | | 3,521 | | | 3,379 | | Total | | $ | 4,534 | | $ | 3,979 | | $ | 12,513 | | $ | 11,777 | |
| (1) | Net sales to external customers are attributed to individual countries based on the legal entity that records the sale. | |
Operating income by segment was as follows: | | | | | | | | | | | | | | | | For the | | For the | | | | Quarters Ended | | Nine Months Ended | | | | June 27, | | June 28, | | June 27, | | June 28, | | | | 2025 | | 2024 | | 2025 | | 2024 | | | | | (in millions) | | Transportation Solutions | | $ | 462 | | $ | 506 | | $ | 1,353 | | $ | 1,470 | | Industrial Solutions | | | 395 | | | 249 | | | 942 | | | 675 | | Total | | $ | 857 | | $ | 755 | | $ | 2,295 | | $ | 2,145 | |
Segment assets and a reconciliation of segment assets to total assets were as follows: | | | | | | | | | | Segment Assets | | | | June 27, | | September 27, | | | | 2025 | | 2024 | | | | | (in millions) | | Transportation Solutions | | $ | 6,113 | | $ | 5,758 | | Industrial Solutions | | | 4,363 | | | 3,717 | | Total segment assets(1) | | | 10,476 | | | 9,475 | | Other current assets | | | 1,342 | | | 2,059 | | Other non-current assets | | | 13,048 | | | 11,320 | | Total assets | | $ | 24,866 | | $ | 22,854 | |
| (1) | Segment assets are composed of accounts receivable, inventories, and net property, plant, and equipment. | |
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