| Segment and Geographic Data |
16. Segment and Geographic Data Effective at the beginning of the third quarter of fiscal 2026, we realigned a product line within the Transportation Solutions segment. The realignment did not result in any changes at the segment level. The following information reflects our current reporting structure. Prior period results have been recast to conform to the current reporting structure. As a result of the realignment, which was not significant, $30 million and $38 million of net sales were transferred from the commercial transportation business to the automotive business within the Transportation Solutions segment for the six months ended March 27, 2026 and nine months ended June 27, 2025, respectively. Net sales by segment(1) and industry end market were as follows: | | | | | | | | | | | | | | | | For the | | For the | | | | Quarters Ended | | Nine Months Ended | | | | June 26, | | June 27, | | June 26, | | June 27, | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | (in millions) | | Transportation Solutions: | | | | | | | | | | | | | | Automotive | | $ | 1,913 | | $ | 1,819 | | $ | 5,590 | | $ | 5,300 | | Commercial transportation | | | 434 | | | 363 | | | 1,207 | | | 1,008 | | Sensors | | | 233 | | | 236 | | | 672 | | | 667 | | Total Transportation Solutions | | | 2,580 | | | 2,418 | | | 7,469 | | | 6,975 | | Industrial Solutions: | | | | | | | | | | | | | | Digital data networks | | | 813 | | | 606 | | | 2,234 | | | 1,501 | | Automation and connected living | | | 664 | | | 571 | | | 1,792 | | | 1,562 | | Aerospace, defense, and marine | | | 419 | | | 374 | | | 1,208 | | | 1,082 | | Energy | | | 516 | | | 384 | | | 1,367 | | | 879 | | Medical | | | 168 | | | 181 | | | 503 | | | 514 | | Total Industrial Solutions | | | 2,580 | | | 2,116 | | | 7,104 | | | 5,538 | | Total | | $ | 5,160 | | $ | 4,534 | | $ | 14,573 | | $ | 12,513 | |
| (1) | Intersegment sales were not material. | |
Net sales by geographic region(1) and segment were as follows: | | | | | | | | | | | | | | | | For the | | For the | | | | Quarters Ended | | Nine Months Ended | | | | June 26, | | June 27, | | June 26, | | June 27, | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | (in millions) | | Asia–Pacific: | | | | | | | | | | | | | | Transportation Solutions | | $ | 1,109 | | $ | 1,016 | | $ | 3,371 | | $ | 3,110 | | Industrial Solutions | | | 842 | | | 644 | | | 2,337 | | | 1,695 | | Total Asia–Pacific | | | 1,951 | | | 1,660 | | | 5,708 | | | 4,805 | | Europe/Middle East/Africa (“EMEA”): | | | | | | | | | | | | | | Transportation Solutions | | | 930 | | | 886 | | | 2,644 | | | 2,425 | | Industrial Solutions | | | 721 | | | 659 | | | 2,058 | | | 1,762 | | Total EMEA | | | 1,651 | | | 1,545 | | | 4,702 | | | 4,187 | | Americas: | | | | | | | | | | | | | | Transportation Solutions | | | 541 | | | 516 | | | 1,454 | | | 1,440 | | Industrial Solutions | | | 1,017 | | | 813 | | | 2,709 | | | 2,081 | | Total Americas | | | 1,558 | | | 1,329 | | | 4,163 | | | 3,521 | | Total | | $ | 5,160 | | $ | 4,534 | | $ | 14,573 | | $ | 12,513 | |
| (1) | Net sales to external customers are attributed to individual countries based on the legal entity that records the sale. | |
The following table presents operating results and other data by reportable segment: | | | | | | | | | | | | | | | | | | | | | | For the Quarter Ended June 26, 2026 | | For the Nine Months Ended June 26, 2026 | | | | Transportation | | Industrial | | | | | Transportation | | Industrial | | | | | | | Solutions | | Solutions | | Total | | Solutions | | Solutions | | Total | | | | | (in millions) | | Net sales | | $ | 2,580 | | $ | 2,580 | | $ | 5,160 | | $ | 7,469 | | $ | 7,104 | | $ | 14,573 | | Less: | | | | | | | | | | | | | | | | | | | | Cost of sales | | | 1,702 | | | 1,623 | | | 3,325 | | | 4,828 | | | 4,426 | | | 9,254 | | Selling, general, and administrative expenses | | | 237 | | | 295 | | | 532 | | | 753 | | | 853 | | | 1,606 | | Research, development, and engineering expenses | | | 117 | | | 113 | | | 230 | | | 355 | | | 337 | | | 692 | | Other segment items(1) | | | 80 | | | 12 | | | 92 | | | 85 | | | 38 | | | 123 | | Operating income | | $ | 444 | | $ | 537 | | $ | 981 | | $ | 1,448 | | $ | 1,450 | | $ | 2,898 | | | | | | | | | | | | | | | | | | | | | | Depreciation | | $ | 110 | | $ | 90 | | $ | 200 | | $ | 341 | | $ | 247 | | $ | 588 | | Amortization | | | 17 | | | 39 | | | 56 | | | 53 | | | 117 | | | 170 | | Capital expenditures | | | 136 | | | 168 | | | 304 | | | 315 | | | 517 | | | 832 | |
| | | | | | | | | | | | | | | | | | | | | | For the Quarter Ended June 27, 2025 | | For the Nine Months Ended June 27, 2025 | | | | Transportation | | Industrial | | | | | Transportation | | Industrial | | | | | | | Solutions | | Solutions | | Total | | Solutions | | Solutions | | Total | | | | | (in millions) | | Net sales | | $ | 2,418 | | $ | 2,116 | | $ | 4,534 | | $ | 6,975 | | $ | 5,538 | | $ | 12,513 | | Less: | | | | | | | | | | | | | | | | | | | | Cost of sales | | | 1,594 | | | 1,340 | | | 2,934 | | | 4,551 | | | 3,543 | | | 8,094 | | Selling, general, and administrative expenses | | | 238 | | | 253 | | | 491 | | | 667 | | | 705 | | | 1,372 | | Research, development, and engineering expenses | | | 117 | | | 94 | | | 211 | | | 332 | | | 270 | | | 602 | | Other segment items(1) | | | 7 | | | 34 | | | 41 | | | 72 | | | 78 | | | 150 | | Operating income | | $ | 462 | | $ | 395 | | $ | 857 | | $ | 1,353 | | $ | 942 | | $ | 2,295 | | | | | | | | | | | | | | | | | | | | | | Depreciation | | $ | 100 | | $ | 64 | | $ | 164 | | $ | 293 | | $ | 169 | | $ | 462 | | Amortization | | | 17 | | | 35 | | | 52 | | | 51 | | | 81 | | | 132 | | Capital expenditures | | | 121 | | | 109 | | | 230 | | | 369 | | | 296 | | | 665 | |
| (1) | Other segment items consist of acquisition and integration costs and net restructuring and other charges. |
Segment assets and a reconciliation of segment assets to total assets were as follows: | | | | | | | | | | June 26, | | September 26, | | | | 2026 | | 2025 | | | | | (in millions) | | Transportation Solutions | | $ | 6,135 | | $ | 5,975 | | Industrial Solutions | | | 5,170 | | | 4,439 | | Total segment assets(1) | | | 11,305 | | | 10,414 | | Other current assets | | | 1,967 | | | 1,864 | | Other noncurrent assets | | | 12,798 | | | 12,803 | | Total assets | | $ | 26,070 | | $ | 25,081 | |
| (1) | Segment assets are composed of accounts receivable, inventories, and net property, plant, and equipment. | |
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