Segment and Geographic Data (Tables)
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9 Months Ended |
Jun. 27, 2025 |
Segment and Geographic Data |
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Schedule of net sales by segment |
| | | | | | | | | | | | | | | | 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. | |
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Net sales by segment and geographic region |
| | | | | | | | | | | | | | | | 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. | |
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Schedule of operating income by segment |
| | | | | | | | | | | | | | | | 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 | |
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Segment assets and a reconciliation of segment assets to total assets |
| | | | | | | | | | 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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