v3.25.2
SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
 6 Months Ended
Jun. 28, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The tables below show select financial measures by reporting segment(1) (in millions):

CSCACSCIUnallocatedTotal
June 28, 2025
Total assets $4,517.2 $5,576.9 $— $10,094.1 
Property, plant and equipment, net$746.0 $167.9 $— $913.9 
December 31, 2024
Total assets $4,687.6 $4,960.1 $— $9,647.7 
Property, plant and equipment, net$769.0 $148.8 $— $917.8 

CSCACSCIUnallocatedTotal
Three Months Ended June 28, 2025
Net sales$622.0 $434.3 $— $1,056.3 
Cost of sales459.3 234.0 — 693.4 
Gross profit162.8 200.2 — 362.9 
Gross margin 26.2 %46.1 %— %34.4 %
Operating expenses
Distribution13.1 10.5 — 23.6 
Research and development11.8 10.2 — 22.0 
Selling50.5 86.0 — 136.5 
Administration35.6 33.1 44.3 113.0 
Impairment charges1.5 — — 1.5 
Restructuring5.1 1.1 2.5 8.7 
Other operating (income) expense, net— 0.1 12.0 12.2 
Total operating expenses117.7 141.0 58.9 317.5 
Operating income (loss)$45.1 $59.2 $(58.9)$45.4 
Operating income (loss) %7.3 %13.6 %NM4.3 %
Interest expense, net39.6 
Other (income) expense, net2.6 
Income (loss) from continuing operations before income taxes$3.2 

CSCACSCIUnallocatedTotal
Three Months Ended June 28, 2025
Capital expenditures$10.6 $8.6 $— $19.2 
Depreciation/amortization$39.5 $46.8 $— $86.3 

CSCACSCIUnallocatedTotal
Six Months Ended June 28, 2025
Net sales$1,242.8 $857.4 $— $2,100.2 
Cost of sales879.9 464.9 — 1,345.0 
Gross profit362.8 392.5 — 755.2 
Gross margin 29.2 %45.8 %— %36.0 %
Operating expenses
Distribution26.3 20.1 — 46.4 
Research and development27.0 21.8 — 48.7 
Selling107.4 175.3 — 282.7 
Administration66.5 68.4 90.3 225.2 
Impairment charges1.5 3.1 — 4.6 
Restructuring25.1 5.0 8.0 38.1 
Other operating (income) expense, net— 0.1 17.1 17.2 
Total operating expenses253.8 293.7 115.5 662.9 
Operating income (loss)$109.1 $98.8 $(115.5)$92.3 
Operating income (loss) %8.8 %11.5 %NM4.4 %
Interest expense, net78.6 
Other (income) expense, net2.2 
Income (loss) from continuing operations before income taxes$11.5 
CSCACSCIUnallocatedTotal
Six Months Ended June 28, 2025
Capital expenditures$25.5 $19.2 $— $44.7 
Depreciation/amortization$74.8 $91.4 $— $166.2 


CSCACSCIUnallocatedTotal
Three Months Ended June 29, 2024
Net sales$634.1 $431.3 $— $1,065.5 
Cost of sales444.4 226.3 — 670.8 
Gross profit189.7 205.0 — 394.7 
Gross margin 29.9 %47.5 %— %37.0 %
Operating expenses
Distribution13.3 11.4 24.6 
Research and development15.0 14.4 — 29.4 
Selling58.1 92.0 — 150.1 
Administration32.0 39.2 54.9 126.1 
Impairment charges— 34.1 — 34.1 
Restructuring2.1 24.2 10.6 36.9 
Other operating (income) expense, net— — 20.0 20.0 
Total operating expenses120.4 215.3 85.5 421.2 
Operating income (loss)$69.3 $(10.3)$(85.5)$(26.5)
Operating income (loss) %10.9 %(2.4)%NM(2.5)%
Interest expense, net44.1 
Other (income) expense, net3.4 
Income (loss) from continuing operations before income taxes$(74.0)

CSCACSCIUnallocatedTotal
Three Months Ended June 29, 2024
Capital expenditures$21.6 $6.8 $28.4 
Depreciation/amortization$34.9 $47.0 $— $81.9 

CSCACSCIUnallocatedTotal
Six Months Ended June 29, 2024
Net sales$1,278.3 $869.3 $— $2,147.5 
Cost of sales935.0 460.1 — 1,395.1 
Gross profit343.3 409.2 — 752.4 
Gross margin 26.9 %47.1 %— %35.0 %
Operating expenses
Distribution26.7 22.8 — 49.5 
Research and development31.3 27.0 — 58.4 
Selling110.3 190.1 — 300.4 
Administration71.4 79.2 105.9 256.4 
Impairment charges— 34.1 — 34.1 
Restructuring18.6 39.8 23.0 81.3 
Other operating (income) expense, net— — 54.0 54.0 
Total operating expenses258.3 393.0 182.9 834.1 
Operating income (loss)$85.0 $16.2 $(182.9)$(81.7)
Operating income (loss) %6.6 %1.9 %NM(3.8)%
Interest expense, net87.1 
Other (income) expense, net3.8 
Income (loss) from continuing operations before income taxes$(172.6)

CSCACSCIUnallocatedTotal
Six Months Ended June 29, 2024
Capital expenditures$39.8 $13.7 $— $53.5 
Depreciation/amortization$68.1 $95.3 $— $163.3 
(1) Amounts may not add or recalculate due to rounding. Percentages are based on actuals.