v3.26.1
Revenue (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue by Category
Geographic net sales information, based on geographic destination of the sale, was as follows:
Three months ended June 30, 2026
In millionsSystems ProtectionElectrical ConnectionsTotal
Americas$917.0 $340.0 $1,257.0 
Europe, the Middle East and Africa ("EMEA")111.2 43.5 154.7 
Asia-Pacific43.9 15.7 59.6 
Total$1,072.1 $399.2 $1,471.3 
Six months ended June 30, 2026
In millionsSystems ProtectionElectrical ConnectionsTotal
Americas$1,672.6 $634.6 $2,307.2 
EMEA220.6 84.4 305.0 
Asia-Pacific73.7 27.4 101.1 
Total$1,966.9 $746.4 $2,713.3 
Three months ended June 30, 2025
In millionsSystems ProtectionElectrical ConnectionsTotal
Americas$495.5 $282.4 $777.9 
EMEA104.2 37.7 141.9 
Asia-Pacific32.3 11.0 43.3 
Total$632.0 $331.1 $963.1 
Six months ended June 30, 2025
In millionsSystems ProtectionElectrical ConnectionsTotal
Americas$874.4 $537.4 $1,411.8 
EMEA200.3 73.6 273.9 
Asia-Pacific65.5 21.2 86.7 
Total$1,140.2 $632.2 $1,772.4 
Vertical net sales information was as follows:
Three months ended June 30, 2026
In millionsSystems ProtectionElectrical ConnectionsTotal
Infrastructure$729.3 $153.2 $882.5 
Industrial269.8 60.4 330.2 
Commercial & Residential73.0 185.6 258.6 
Total$1,072.1 $399.2 $1,471.3 
Six months ended June 30, 2026
In millionsSystems ProtectionElectrical ConnectionsTotal
Infrastructure$1,289.3 $286.6 $1,575.9 
Industrial534.0 113.5 647.5 
Commercial & Residential143.6 346.3 489.9 
Total$1,966.9 $746.4 $2,713.3 
Three months ended June 30, 2025
In millionsSystems ProtectionElectrical ConnectionsTotal
Infrastructure$292.5 $116.8 $409.3 
Industrial266.0 50.6 316.6 
Commercial & Residential73.5 163.7 237.2 
Total$632.0 $331.1 $963.1 
Six months ended June 30, 2025
In millionsSystems ProtectionElectrical ConnectionsTotal
Infrastructure$510.5 $215.6 $726.1 
Industrial497.3 98.2 595.5 
Commercial & Residential132.4 318.4 450.8 
Total$1,140.2 $632.2 $1,772.4 
In the first quarter of 2026, based on benchmarking of industry peers and for purposes of how we assess performance, we updated the disaggregation categories on which we report revenue by vertical. For comparability, we have recategorized revenue for the three and six months ended June 30, 2025 to conform to the new presentation. This recategorization of revenue by vertical had no impact on our consolidated financial results.
Contract assets and liabilities
Contract assets and liabilities consisted of the following:
In millionsJune 30, 2026December 31, 2025$ Change% Change
Contract assets$168.5 $160.8 $7.7 4.8 %
Contract liabilities159.9 176.8 (16.9)(9.6)%
Net contract assets$8.6 $(16.0)$24.6 153.8 %