Segment Information (Tables)

6 Months Ended

Jun. 28, 2026

Segment Information

Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals


			For the Second Quarter Ended June 28, 2026
			Americas			Europe			APMEA			Total

			(in millions)
Net sales
Net sales from external customers			$	585.0		$	124.6		$	53.6		$	763.2
Intersegment sales				2.0			6.4			32.5			40.9
Total segment net sales			$	587.0		$	131.0		$	86.1		$	804.1
Reconciliation of net sales
Elimination of intersegment sales													(40.9)
Total consolidated net sales												$	763.2
Less (a)
Segment cost of goods sold				287.2			81.3			61.2
Segment selling, general and administrative				132.7			29.9			13.6
Segment research and development				17.0			3.2			0.7
Segment earnings				150.1			16.6			10.6			177.3

Reconciliation of segment earnings to income before income taxes
Segment special items (b)													(6.0)
Corporate operating loss (c)													(17.3)
Consolidated operating income													154.0
Interest income													(1.7)
Interest expense													2.2
Other income, net													(0.2)
Income before income taxes												$	153.7


			For the Second Quarter Ended June 29, 2025
			Americas			Europe			APMEA			Total

			(in millions)
Net sales
Net sales from external customers			$	498.5		$	111.0		$	34.2		$	643.7
Intersegment sales				2.0			10.6			31.3			43.9
Total segment net sales			$	500.5		$	121.6		$	65.5		$	687.6
Reconciliation of net sales
Elimination of intersegment sales													(43.9)
Total consolidated net sales												$	643.7
Less (a)
Segment cost of goods sold				234.7			79.0			48.1
Segment selling, general and administrative				116.1			26.9			10.2
Segment research and development				13.9			2.7			0.7
Segment earnings				135.8			13.0			6.5			155.3

Reconciliation of segment earnings to income before income taxes
Segment special items (b)													(3.8)
Corporate operating loss (c)													(16.2)
Consolidated operating income													135.3
Interest income													(2.3)
Interest expense													2.7
Other expense, net													0.2
Income before income taxes												$	134.7


			For the Six Months Ended June 28, 2026
			Americas			Europe			APMEA			Total

			(in millions)
Net sales
Net sales from external customers			$	1,100.1		$	246.0		$	94.3		$	1,440.4
Intersegment sales				4.8			12.6			59.5			76.9
Total segment net sales			$	1,104.9		$	258.6		$	153.8		$	1,517.3
Reconciliation of net sales
Elimination of intersegment sales													(76.9)
Total consolidated net sales												$	1,440.4
Less (a)
Segment cost of goods sold				543.9			161.0			109.2
Segment selling, general and administrative				253.9			58.2			25.0
Segment research and development				32.4			6.2			1.4
Segment earnings				274.7			33.2			18.2			326.1

Reconciliation of segment earnings to income before income taxes
Segment special items (b)													(8.9)
Corporate operating loss (c)													(30.2)
Consolidated operating income													287.0
Interest income													(3.4)
Interest expense													4.8
Other expense, net													0.5
Income before income taxes												$	285.1


			For the Six Months Ended June 29, 2025
			Americas			Europe			APMEA			Total

			(in millions)
Net sales
Net sales from external customers			$	916.6		$	219.4		$	65.7		$	1,201.7
Intersegment sales				4.2			18.7			56.2			79.1
Total segment net sales			$	920.8		$	238.1		$	121.9		$	1,280.8
Reconciliation of net sales
Elimination of intersegment sales													(79.1)
Total consolidated net sales												$	1,201.7
Less (a)
Segment cost of goods sold				438.7			153.5			89.4
Segment selling, general and administrative				220.9			51.5			19.1
Segment research and development				27.6			5.0			1.4
Segment earnings				233.6			28.1			12.0			273.7

Reconciliation of segment earnings to income before income taxes
Segment special items (b)													(22.2)
Corporate operating loss (c)													(28.5)
Consolidated operating income													223.0
Interest income													(4.6)
Interest expense													5.4
Other expense, net													0.6
Income before income taxes												$	221.6

(a)	The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM. Significant segment expenses exclude certain expenses incurred and benefits recognized, see footnote (b). Intersegment expenses are included within the amounts shown.

(b)	Segment special items are excluded from segment earnings and defined as nonrecurring and unusual expenses incurred or benefits recognized such as restructuring costs and acquisition-related costs.

(c)	Corporate expenses are primarily for administrative compensation expense, compliance costs, professional fees, including corporate-related legal and audit expenses, shareholder services and benefit administration costs.


		Second Quarter Ended						Six Months Ended
		June 28,			June 29,			June 28,			June 29,
		2026			2025			2026			2025

		(in millions)
Capital expenditures
Americas		$	8.1		$	5.8		$	16.8		$	12.3
Europe			2.8			3.0			5.3			5.8
APMEA			0.3			1.4			0.5			1.7
Consolidated capital expenditures		$	11.2		$	10.2		$	22.6		$	19.8
Depreciation and amortization of intangibles
Americas		$	12.1		$	11.1		$	23.9		$	21.9
Europe			2.7			2.8			5.3			5.2
APMEA			1.0			0.6			1.9			1.1
Consolidated depreciation and amortization of intangibles		$	15.8		$	14.5		$	31.1		$	28.2


								June 28,			December 31,
								2026			2025

								(in millions)
Identifiable assets (at end of period)
Americas								$	2,075.0		$	2,043.6
Europe									628.1			616.5
APMEA									248.4			221.1
Consolidated identifiable assets								$	2,951.5		$	2,881.2
Property, plant and equipment, net (at end of period)
Americas								$	203.1		$	202.1
Europe									75.3			78.7
APMEA									17.1			16.3
Consolidated property, plant and equipment, net								$	295.5		$	297.1

Schedule of U.S. net sales and U.S. property, plant and equipment of the Company's Americas segment

Second Quarter Ended

Six Months Ended

June 28,

June 29,

June 28,

June 29,

2026

2025

2026

2025

 

(in millions)

U.S. net sales

$

553.4

$

471.0

$

1,038.3

$

865.0