Segment Information - Segment, reconciled to its consolidated financial statements (Details) $ in Millions |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 29, 2025
USD ($)
|
Jun. 30, 2024
USD ($)
|
Jun. 29, 2025
USD ($)
segment
|
Jun. 30, 2024
USD ($)
|
|
Segment Information | ||||
Number of geographic and reportable segments | segment | 3 | |||
Net sales | $ 643.7 | $ 597.3 | $ 1,201.7 | $ 1,168.2 |
Segment cost of goods sold | 317.8 | 312.5 | 603.3 | 615.9 |
Segment selling, general and administrative | 187.2 | 173.1 | 354.7 | 342.6 |
Segment research and development | 17.4 | 17.9 | 34.1 | 36.4 |
Reconciliation of segment earnings to income before income taxes | ||||
Segment special items | $ (3.8) | $ (0.6) | $ (22.2) | $ (7.1) |
Segment Reporting, Other Segment Item, Composition, Description | Segment special items are excluded from segment earnings and defined as non-recurring and unusual expenses incurred or benefits recognized such as restructuring costs, acquisition-related costs, and gain on sale of assets. | Segment special items are excluded from segment earnings and defined as non-recurring and unusual expenses incurred or benefits recognized such as restructuring costs, acquisition-related costs, and gain on sale of assets. | Segment special items are excluded from segment earnings and defined as non-recurring and unusual expenses incurred or benefits recognized such as restructuring costs, acquisition-related costs, and gain on sale of assets. | Segment special items are excluded from segment earnings and defined as non-recurring and unusual expenses incurred or benefits recognized such as restructuring costs, acquisition-related costs, and gain on sale of assets. |
Consolidated operating income | $ 135.3 | $ 111.5 | $ 223.0 | $ 208.2 |
Interest income | (2.3) | (1.9) | (4.6) | (4.0) |
Interest expense | 2.7 | 4.1 | 5.4 | 8.3 |
Other expense (income), net | 0.2 | (0.2) | 0.6 | (0.8) |
INCOME BEFORE INCOME TAXES | 134.7 | 109.5 | 221.6 | 204.7 |
Operating Segments | ||||
Segment Information | ||||
Net sales | 687.6 | 631.0 | 1,280.8 | 1,231.5 |
Reconciliation of segment earnings to income before income taxes | ||||
Consolidated operating income | 155.3 | 126.8 | 273.7 | 244.2 |
Intersegment sales | ||||
Segment Information | ||||
Net sales | (43.9) | (33.7) | (79.1) | (63.3) |
Corporate | ||||
Reconciliation of segment earnings to income before income taxes | ||||
Consolidated operating income | (16.2) | (14.7) | (28.5) | (28.9) |
Americas | ||||
Segment Information | ||||
Net sales | 498.5 | 448.1 | 916.6 | 866.9 |
Americas | Operating Segments | ||||
Segment Information | ||||
Net sales | 500.5 | 450.3 | 920.8 | 871.7 |
Segment cost of goods sold | 234.7 | 221.0 | 438.7 | 432.0 |
Segment selling, general and administrative | 116.1 | 106.2 | 220.9 | 208.8 |
Segment research and development | 13.9 | 14.3 | 27.6 | 29.4 |
Reconciliation of segment earnings to income before income taxes | ||||
Consolidated operating income | 135.8 | 108.8 | 233.6 | 201.5 |
Americas | Intersegment sales | ||||
Segment Information | ||||
Net sales | (2.0) | (2.2) | (4.2) | (4.8) |
Europe | ||||
Segment Information | ||||
Net sales | 111.0 | 114.1 | 219.4 | 237.4 |
Europe | Operating Segments | ||||
Segment Information | ||||
Net sales | 121.6 | 120.5 | 238.1 | 249.5 |
Segment cost of goods sold | 79.0 | 80.0 | 153.5 | 161.5 |
Segment selling, general and administrative | 26.9 | 26.1 | 51.5 | 51.4 |
Segment research and development | 2.7 | 3.0 | 5.0 | 5.8 |
Reconciliation of segment earnings to income before income taxes | ||||
Consolidated operating income | 13.0 | 11.4 | 28.1 | 30.8 |
Europe | Intersegment sales | ||||
Segment Information | ||||
Net sales | (10.6) | (6.4) | (18.7) | (12.1) |
APMEA | ||||
Segment Information | ||||
Net sales | 34.2 | 35.1 | 65.7 | 63.9 |
APMEA | Operating Segments | ||||
Segment Information | ||||
Net sales | 65.5 | 60.2 | 121.9 | 110.3 |
Segment cost of goods sold | 48.1 | 42.7 | 89.4 | 78.8 |
Segment selling, general and administrative | 10.2 | 10.2 | 19.1 | 18.4 |
Segment research and development | 0.7 | 0.7 | 1.4 | 1.2 |
Reconciliation of segment earnings to income before income taxes | ||||
Consolidated operating income | 6.5 | 6.6 | 12.0 | 11.9 |
APMEA | Intersegment sales | ||||
Segment Information | ||||
Net sales | $ (31.3) | $ (25.1) | $ (56.2) | $ (46.4) |