v3.26.1
SEGMENT REPORTING (Tables)
3 Months Ended
Jun. 26, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information by Operating Segment
Selected financial information by segment for the three-month periods ended June 26, 2026 and June 27, 2025 are in the tables below: Historical information for the three-month period ended June 27, 2025 has been recast to reflect the operating and reportable segments in the table below and in Item 2, "Management's Discussion and Analysis of Financial Condition and Results of Operations."
ITSRMSCPITotal
Three-Months Ended June 26, 2026(In millions)
Net Sales$3,056 $2,670 $2,202 $7,928 
Segment Cost of Sales Total(2,831)(2,403)(1,928)
Segment selling, general and administrative expenses(67)(91)(60)
      Segment income$158 $176 $214 $548 
Reconciling items:
Corporate & other$14 
Intangible amortization23 
Stock-based compensation51 
Restructuring and impairment charges (1)
Legal and other (2)67 
Interest expenses60 
Interest income13 
Other charges (income), net(37)
Equity in earnings (losses) of unconsolidated affiliates(5)
Income before income taxes$377 
(1)Certain restructuring charges of $1 million are excluded from the reconciling amount of $1 million as they are included within segment income.
(2)Legal and other consists of costs not directly related to core business results and including matters relating to commercial disputes, government regulatory and compliance, intellectual property, antitrust, tax, employment or shareholder issues, product liability claims, impairments and other costs such as acquisition and portfolio optimization related costs. For the three month period ended June 26, 2026, legal and other included $53 million of costs associated with the intended spin-off of the CPI business and $14 million of costs related to business acquisitions.
ITSRMSCPITotal
Three-Months Ended June 27, 2025(In millions)
Net Sales$2,558 $2,391 $1,626 $6,575 
Segment Cost of Sales Total(2,363)(2,182)(1,428)
Segment selling, general and administrative expenses(64)(83)(43)
Segment income$131 $126 $155 $412 
Reconciling items:
Corporate & other$17 
Intangible amortization21 
Stock-based compensation34 
Restructuring charges23 
Legal and other (1)
Interest expenses51 
Interest income13 
Other charges (income), net
Equity in earnings (losses) of unconsolidated affiliates(20)
Income before income taxes$246 
(1)Legal and other consists of costs not directly related to core business results and including matters relating to commercial disputes, government regulatory and compliance, intellectual property, antitrust, tax, employment or shareholder issues, product liability claims and other issues on a global basis as well as acquisition and portfolio optimization related costs and asset impairments. During the first quarter of fiscal year 2026, legal costs were primarily related to costs from acquisitions occurring in fiscal year 2025 and the first quarter of fiscal year 2026.
Total depreciation expense, including amounts allocated to the reportable segments and Corporate and Other for the three-month periods ended June 26, 2026 and June 27, 205 are as follows:
Three-Month Periods Ended
June 26, 2026June 27, 2025
(In millions)
Depreciation expense:
Integrated Technology Solutions$36 $44 
Regulated Manufacturing Solutions56 54 
Cloud and Power Infrastructure21 14 
Corporate and Other
        Total depreciation expense$116 $115