v3.25.2
SALES (Tables)
6 Months Ended
Jun. 27, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities
Our contract liabilities consisted of the following ($ in millions):
June 27, 2025December 31, 2024
Deferred revenue - current$565.9 $553.2 
Deferred revenue - noncurrent62.4 58.9 
Total contract liabilities$628.3 $612.1 
Schedule of Remaining Performance Obligations
The aggregate remaining performance obligations attributable to each of our segments is as follows ($ in millions):
June 27, 2025
Intelligent Operating Solutions$647.0 
Precision Technologies61.9 
Advanced Healthcare Solutions104.1 
Total remaining performance obligations$813.0 
Schedule of Disaggregation of Revenue
Disaggregation of revenue for the three-month period ended June 27, 2025 is presented as follows ($ in millions):
TotalIntelligent Operating SolutionsPrecision TechnologiesAdvanced Healthcare Solutions    
Sales:
Sales of products and software$1,277.4 $562.5 $465.0 $249.9 
Sales of services241.4 113.2 58.6 69.6 
Total$1,518.8 $675.7 $523.6 $319.5 
Geographic:
United States$825.2 $379.9 $264.5 $180.8 
China159.7 49.5 85.6 24.6 
All other
533.9 246.3 173.5 114.1 
Total$1,518.8 $675.7 $523.6 $319.5 
End markets:(a)
Direct sales:
  Healthcare$360.0 $10.6 $46.9 $302.5 
  Industrial & Manufacturing329.5 231.3 93.7 4.5 
  Government133.0 79.6 44.3 9.1 
  Utilities & Power114.9 48.4 66.5 — 
  Communications, Electronics & Semiconductor84.3 28.5 55.8 — 
  Aerospace & Defense79.0 0.1 78.9 — 
  Retail & Consumer95.0 70.5 24.5 — 
  Oil & Gas73.4 71.2 2.2 — 
  Other166.2 100.2 66.0 — 
     Total direct sales1,435.3 640.4 478.8 316.1 
Distributors83.5 35.3 44.8 3.4 
Total$1,518.8 $675.7 $523.6 $319.5 
(a) Direct sales by end market include sales made through third-party distributors where we have visibility to the end customer.
Disaggregation of revenue for the three-month period ended June 28, 2024 is presented as follows ($ in millions):
TotalIntelligent Operating SolutionsPrecision TechnologiesAdvanced Healthcare Solutions    
Sales:
Sales of products and software$1,308.9 $563.3 $490.3 $255.3 
Sales of services243.5 113.7 61.5 68.3 
Total$1,552.4 $677.0 $551.8 $323.6 
Geographic:
United States$840.3 $380.8 $281.0 $178.5 
China165.1 53.2 86.6 25.3 
All other
547.0 243.0 184.2 119.8 
Total$1,552.4 $677.0 $551.8 $323.6 
End markets:(a)
Direct sales:
  Healthcare$368.9 $11.1 $51.5 $306.3 
  Industrial & Manufacturing329.7 236.0 89.1 4.6 
  Government142.2 80.3 52.6 9.3 
  Utilities & Power104.1 48.8 55.3 — 
  Communications, Electronics & Semiconductor94.5 25.5 69.0 — 
  Aerospace & Defense83.4 0.1 83.3 — 
  Retail & Consumer80.6 65.5 15.1 — 
  Oil & Gas72.1 69.3 2.8 — 
  Other175.9 100.0 75.9 — 
     Total direct sales1,451.4 636.6 494.6 320.2 
Distributors101.0 40.4 57.2 3.4 
Total$1,552.4 $677.0 $551.8 $323.6 
(a) Direct sales by end market include sales made through third-party distributors where we have visibility to the end customer.
Disaggregation of revenue for the six-month period ended June 27, 2025 is presented as follows ($ in millions):
TotalIntelligent Operating SolutionsPrecision TechnologiesAdvanced Healthcare Solutions    
Sales:
Sales of products and software$2,525.8 $1,131.6 $908.5 $485.7 
Sales of services467.2 215.5 115.7 136.0 
Total$2,993.0 $1,347.1 $1,024.2 $621.7 
Geographic:
United States$1,631.1 $756.6 $518.8 $355.7 
China317.0 109.3 158.4 49.3 
All other
1,044.9 481.2 347.0 216.7 
Total$2,993.0 $1,347.1 $1,024.2 $621.7 
End markets:(a)
Direct sales:
  Healthcare$701.5 $21.1 $92.4 $588.0 
  Industrial & Manufacturing665.4 471.3 185.1 9.0 
  Government254.4 151.3 85.1 18.0 
  Utilities & Power223.5 98.0 125.5 — 
  Communications, Electronics & Semiconductor164.8 57.7 107.1 — 
  Aerospace & Defense153.2 0.2 153.0 — 
  Retail & Consumer180.1 137.9 42.2 — 
  Oil & Gas145.5 141.6 3.9 — 
  Other333.8 196.0 137.8 — 
Total direct sales
2,822.2 1,275.1 932.1 615.0 
Distributors170.8 72.0 92.1 6.7 
Total$2,993.0 $1,347.1 $1,024.2 $621.7 
(a) Direct sales by end market include sales made through third-party distributors where we have visibility to the end customer.
Disaggregation of revenue for the six-month period ended June 28, 2024 is presented as follows ($ in millions):
TotalIntelligent Operating SolutionsPrecision TechnologiesAdvanced Healthcare Solutions    
Sales:
Sales of products and software$2,608.8 $1,130.2 $990.9 $487.7 
Sales of services468.1 212.5 119.9 135.7 
Total$3,076.9 $1,342.7 $1,110.8 $623.4 
Geographic:
United States$1,630.2 $730.3 $555.1 $344.8 
China341.4 120.3 169.5 51.6 
All other
1,105.3 492.1 386.2 227.0 
Total$3,076.9 $1,342.7 $1,110.8 $623.4 
End markets:(a)
Direct sales:
  Healthcare$706.1 $22.4 $94.7 $589.0 
  Industrial & Manufacturing680.0 478.2 192.6 9.2 
  Government268.4 149.8 100.2 18.4 
  Utilities & Power206.0 98.0 108.0 — 
  Communications, Electronics & Semiconductor184.9 53.4 131.5 — 
  Aerospace & Defense166.8 0.2 166.6 — 
  Retail & Consumer157.4 127.2 30.2 — 
  Oil & Gas144.8 138.8 6.0 — 
  Other364.1 195.9 168.2 — 
Total direct sales
2,878.5 1,263.9 998.0 616.6 
Distributors198.4 78.8 112.8 6.8 
Total$3,076.9 $1,342.7 $1,110.8 $623.4 
(a) Direct sales by end market include sales made through third-party distributors where we have visibility to the end customer.