Segment and Geographic Data (Tables)
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9 Months Ended |
Jun. 26, 2026 |
| Segment and Geographic Data |
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| Schedule of net sales by segment |
| | | | | | | | | | | | | | | | 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. | |
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| Net sales by segment and geographic region |
| | | | | | | | | | | | | | | | 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. | |
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| Schedule of 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. |
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| Reconciliation of segment assets to total assets |
| | | | | | | | | | 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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