v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Financial Information by Reportable Segment as follows:
Three months ended June 30, 2026
In millionsSystems ProtectionElectrical ConnectionsTotal
Net sales$1,072.1 $399.2 $1,471.3 
Cost of goods sold(1)
707.5 227.1 
Selling, general and administrative(1)
99.8 57.3 
Research and development(1)
16.6 6.0 
Reportable segment income$248.2 $108.8 $357.0 
Six months ended June 30, 2026
In millionsSystems ProtectionElectrical ConnectionsTotal
Net sales$1,966.9 $746.4 $2,713.3 
Cost of goods sold(1)
1,293.9 432.8 
Selling, general and administrative(1)
190.0 108.2 
Research and development(1)
31.7 11.8 
Reportable segment income$451.3 $193.6 $644.9 
Three months ended June 30, 2025
In millionsSystems ProtectionElectrical ConnectionsTotal
Net sales$632.0 $331.1 $963.1 
Cost of goods sold(1)
401.5 184.7 
Selling, general and administrative(1)
81.8 45.9 
Research and development(1)
11.6 5.6 
Reportable segment income$137.1 $94.9 $232.0 
Six months ended June 30, 2025
In millionsSystems ProtectionElectrical ConnectionsTotal
Net sales$1,140.2 $632.2 $1,772.4 
Cost of goods sold(1)
726.4 351.6 
Selling, general and administrative(1)
150.3 89.8 
Research and development(1)
22.2 10.8 
Reportable segment income$241.3 $180.0 $421.3 
(1)    These costs exclude certain expenses reported in the Condensed Consolidated Statements of Income and Comprehensive Income that are reflected in 'Enterprise and other', as well as the costs that are excluded from reportable segment income as discussed above.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table presents a reconciliation of reportable segment income to consolidated income before income taxes:
Three months endedSix months ended
In millionsJune 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
Systems Protection$248.2 $137.1 $451.3 $241.3 
Electrical Connections108.8 94.9 193.6 180.0 
Reportable segment income357.0 232.0 644.9 421.3 
Enterprise and other(34.3)(32.0)(73.7)(59.1)
Restructuring and other(2.0)(3.1)(10.9)(4.0)
Acquisition transaction and integration costs(4.7)(4.3)(7.5)(7.4)
Intangible amortization(41.1)(35.9)(82.2)(64.1)
IEEPA tariffs25.8 — 25.8 — 
Net interest expense(17.4)(17.6)(34.9)(35.0)
Other expense(1.3)(1.1)(2.6)(2.2)
Income before income taxes$282.0 $138.0 $458.9 $249.5 
Identifiable assets
In millionsJune 30,
2026		December 31,
2025
Systems Protection$3,581.1 $3,342.2 
Electrical Connections3,293.6 3,281.0 
Total for reportable segments6,874.7 6,623.2 
Enterprise and other271.6 228.7 
Consolidated$7,146.3 $6,851.9 
Depreciation(1)
Three months endedSix months ended
In millionsJune 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
Systems Protection$9.6 $7.1 $18.7 $14.0 
Electrical Connections6.1 6.1 12.3 11.9 
Total reportable segments15.7 13.2 31.0 25.9 
Enterprise and other1.7 1.2 3.2 2.3 
Consolidated$17.4 $14.4 $34.2 $28.2 
(1)    These amounts of depreciation disclosed by reportable segment are included within the significant expense categories above, such as cost of goods sold and selling, general and administrative expenses.
Capital expenditures
Six months ended
In millionsJune 30,
2026		June 30,
2025
Systems Protection$40.1 $23.6 
Electrical Connections12.8 10.5 
Total reportable segments52.9 34.1 
Enterprise and other4.7 3.9 
Consolidated$57.6 $38.0