SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2026


Segment Net Sales, Significant Segment Expenses and Segment Adjusted Operating EBITDA	Three Months Ended March 31,
	2026				2025
	Semiconductor Technologies		Interconnect Solutions		Semiconductor Technologies		Interconnect Solutions
(In millions)
Segment net sales	$	722	$	593	$	644	$	474
Less 1:
Cost of sales	$	359	$	335	$	307	$	280
Selling, general and administrative expenses	74		80		64		66
Research and development expenses	60		33		53		31
Amortization of intangibles & other segment items 2	13		37		13		42
Add:
Equity in earnings of nonconsolidated affiliates	$	13	$	—	$	11	$	(2)
Depreciation and amortization 3	34		61		29		61
Segment Adjusted Operating EBITDA	$	263	$	169	$	247	$	114

1.The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

2.Other segment items include immaterial other gains or losses and miscellaneous income and expenses.

3.Depreciation is a reconciling item to Segment Adjusted Operating EBITDA as it is included within "Cost of sales", "Selling, general and administrative expenses" and "Research and development expenses".

Schedule of Reconciliation of Income from Continuing Operations


Reconciliation of Segment Adjusted Operating EBITDA to Income Before Income Taxes		Three Months Ended March 31,
In millions		2026		2025
Semiconductor Technologies Segment Adjusted Operating EBITDA		$	263	$	247
Interconnect Solutions Segment Adjusted Operating EBITDA		169		114
Total Segment Adjusted Operating EBITDA		$	432	$	361
+	Corporate Adjusted Operating EBITDA 1	$	(21)	$	(6)
-	Depreciation and amortization	98		94
+	Interest income	3		—
-	Interest expense	61		—
+	Non-operating pension credits 2	1		—
+	Foreign exchange (losses) gains - net 2	(7)		—
+	Indirect legacy (costs) benefits - net 2	(3)		—
+	Significant items charge	(28)		(15)
Income before income taxes		$	218	$	246

1.Corporate includes certain enterprise and governance activities including non-allocated corporate overhead costs and support functions, leveraged services, and other costs not absorbed by reportable segments.

2.Included in "Other income (expense) - net."


Capital Expenditure Reconciliation to Unaudited Interim Consolidated Financial Statements	Three Months Ended March 31,
In millions	2026		2025
Semiconductor Technologies	$	49	$	24
Interconnect Solutions	14		20
Corporate	11		3
Segment and Corporate Totals	$	74	$	47
Accrual to cash adjustment 1	48		57
Total	$	122	$	104

1.Reflects the incremental cash spent or unpaid on capital expenditures; total capital expenditures are presented on a cash basis.

Schedule of Pre-Tax Impact Of Significant Items by Segment

The following tables summarize the pre-tax impact of significant items by segment that are excluded from Adjusted Operating EBITDA above:


Significant Items by Segment for the Three Months Ended March 31, 2026	Semiconductor Technologies		Interconnect Solutions		Corporate		Total
In millions	Semiconductor Technologies		Interconnect Solutions		Corporate		Total
Transformation, integration, and other charges 1	$	—	$	1	$	(29)	$	(28)
Total	$	—	$	1	$	(29)	$	(28)

1. See Note 4 for additional information.


Significant Items by Segment for the Three Months Ended March 31, 2025	Semiconductor Technologies		Interconnect Solutions		Corporate		Total
In millions	Semiconductor Technologies		Interconnect Solutions		Corporate		Total
Transformation, integration, and other charges 1	$	(2)	$	(4)	$	(11)	$	(17)
Employee Retention Credit 2	1		—		1		2
Total	$	(1)	$	(4)	$	(10)	$	(15)

1. See Note 4 for additional information.

2. Reflects the accrued interest earned on employee retention credits and is recorded in “Interest income” within the “Other income (expense) - net” line item in the Company’s unaudited interim Consolidated Statements of Operations

Schedule of Total Asset Reconciliation


Segment and Corporate Information	Semiconductor Technologies		Interconnect Solutions		Corporate		Total
In millions
As of March 31, 2026
Total Assets	$	7,401	$	5,613	$	1,049	$	14,063
Investment in nonconsolidated affiliates	$	388	$	11	$	—	$	399
As of December 31, 2025
Total Assets	$	7,022	$	5,594	$	1,454	$	14,070
Investment in nonconsolidated affiliates	$	375	$	11	$	—	$	386