v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
Segment operating revenue, significant expenses and operating income for the three and six months ended June 30, 2026 and 2025 were as follows:
Three Months EndedSix Months Ended
June 30,June 30,
In millions2026202520262025
Operating revenue:
Automotive OEM$857 $845 $1,677 $1,631 
Food Equipment692 680 1,329 1,307 
Test & Measurement and Electronics769 686 1,484 1,338 
Welding549 479 1,056 951 
Polymers & Fluids476 438 928 867 
Construction Products494 473 952 916 
Specialty Products468 455 899 890 
Total segments4,305 4,056 8,325 7,900 
Intersegment revenue(4)(3)(8)(8)
Operating Revenue$4,301 $4,053 $8,317 $7,892 
Variable cost of revenue:
Automotive OEM$461 $459 $903 $894 
Food Equipment322 313 620 597 
Test & Measurement and Electronics335 302 644 584 
Welding254 215 481 429 
Polymers & Fluids223 208 433 413 
Construction Products221 210 427 410 
Specialty Products217 207 412 408 
Total segments$2,033 $1,914 $3,920 $3,735 
Overhead expenses:
Automotive OEM$211 $206 $416 $406 
Food Equipment182 178 364 355 
Test & Measurement and Electronics241 227 483 458 
Welding117 105 234 210 
Polymers & Fluids113 109 229 219 
Construction Products122 118 239 231 
Specialty Products103 100 204 199 
Total segments$1,089 $1,043 $2,169 $2,078 
Operating income:
Automotive OEM$185 $180 $358 $331 
Food Equipment188 189 345 355 
Test & Measurement and Electronics193 157 357 296 
Welding178 159 341 312 
Polymers & Fluids140 121 266 235 
Construction Products151 145 286 275 
Specialty Products148 148 283 283 
Total segments1,183 1,099 2,236 2,087 
Unallocated(36)(31)(69)(68)
Operating Income1,147 1,068 2,167 2,019 
Interest expense(79)(74)(152)(142)
Other income (expense)12 4 32 16 
Income Before Taxes$1,080 $998 $2,047 $1,893 
Segment depreciation and amortization and impairment of intangible assets for the three and six months ended June 30, 2026 and 2025 was as follows:

Three Months EndedSix Months Ended
June 30,June 30,
In millions2026202520262025
Automotive OEM$36 $34 $71 $66 
Food Equipment9 10 19 20 
Test & Measurement and Electronics19 18 37 36 
Welding8 9 17 17 
Polymers & Fluids8 11 17 21 
Construction Products9 8 17 16 
Specialty Products9 9 19 18 
Total$98 $99 $197 $194