v3.25.2
Segment Information & Geographic Data (Tables)
 6 Months Ended
Jun. 28, 2025
Segment Reporting [Abstract]  
Schedule of Financial Information by Segments
Financial information by segment is presented as follows (in millions):
 Three Months EndedSix Months Ended
June 28,
2025		June 29,
2024		June 28,
2025		June 29,
2024
Net sales:
AIT$418 $397 $880 $789 
EVM875 820 1,721 1,603 
Total Net sales$1,293 $1,217 $2,601 $2,392 
Cost of sales:
AIT$215 $210 $441 $418 
EVM462 418 899 822 
Operating expenses:
AIT (1)
$120 $114 $256 $222 
EVM (1)
284 279 571 538 
Operating income:
AIT (2)
$83 $73 $183 $149 
EVM (2)
129 123 251 243 
Total segment operating income212 196 434 392 
Corporate (3)
(29)(29)(56)(66)
Total Operating income$183 $167 $378 $326 

(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 EndedSix Months Ended
June 28,
2025		June 29,
2024		June 28,
2025		June 29,
2024
North America$647 $599 $1,303 $1,211 
EMEA415 419 858 799 
Asia-Pacific141 118 266 230 
Latin America90 81 174 152 
Total Net sales$1,293 $1,217 $2,601 $2,392