v3.26.3
Segment Financial Data
 9 Months Ended
Sep. 26, 2026
Segment Reporting [Abstract]  
Segment Financial Data Segment Financial Data
The Company manages its global business operations through three operating segments, each of which also qualifies as a reportable segment. Segment information is consistent with how the President and Chief Executive Officer of the Company, who is the Chief Operating Decision Maker (“CODM”), reviews the Company’s business, makes investing and resource allocation decisions, and assesses operating performance.
Segment profit and Segment adjusted EBIT are measures of segment profitability used by the CODM, and Segment profit is the measure most consistent with amounts included in the Condensed Consolidated Financial Statements. The CODM evaluates segment performance based on Segment profit, by comparing budget-to-actual and period-over-period results. Each Segment’s profit excludes taxes, interest, amortization of acquisition-related intangibles, stock compensation expense, environmental expense, pension (income) expense, repositioning and other charges, transaction costs, expenses associated with the Honeywell trademark license, and other items within Other (income) expense, net. Transaction costs consist of professional advisory services fees related to the Spin-off.
The Company does not report asset information by segment for internal or external reporting purposes as the Company’s CODM does not assess performance, make strategic decisions, or allocate resources based on assets.
The below table summarizes information about significant segment net sales and expenses and other segment items, for each historical period:
Three Months Ended September 26, 2026
Electronic SolutionsEngines & Power Systems
Control Systems
Corporate and All Other
Total
Net sales$1,784 $1,515 $1,345 $4,644 
Less
Cost of products and services sold(1)
954 1,105 830 
Other segment items(2)
266 160 133 
Total segment profit
$564 $250 $382 $(35)$1,161 
Depreciation and amortization
$31 $36 $27 $— $94 
__________________
1.Amounts exclude acquisition-related intangibles amortization, repositioning charges, and environmental expenses.
2.For each reportable segment, the other segment items category includes corporate allocations, equity income of affiliated companies, Selling, general and administrative, and Research and development expenses.
Three Months Ended September 27, 2025
Electronic SolutionsEngines & Power Systems
Control Systems
Corporate and All OtherTotal
Net sales$1,708 $1,478 $1,347 $4,533 
Less
Cost of products and services sold(1)
947 1,049 856 
Other segment items(2)
251 130 115 
Total segment profit $510 $299 $376 $(34)$1,151 
Depreciation and amortization$27 $38 $23 $— $88 
__________________
1.Amounts exclude acquisition-related intangibles amortization, repositioning charges, and environmental expenses.
2.For each reportable segment, the other segment items category includes corporate allocations, equity income of affiliated companies, Selling, general and administrative, and Research and development expenses.

Nine Months Ended September 26, 2026
Electronic SolutionsEngines & Power SystemsControl SystemsCorporate and All OtherTotal
Net sales$5,299 $4,341 $3,878 $13,518 
Less
Cost of products and services sold(1)
2,960 3,177 2,390 
Other segment items(2)
806 459 390 
Total segment profit $1,533 $705 $1,098 $(85)$3,251 
Depreciation and amortization$98 $104 $81 $— $283 
__________________
1.Amounts exclude acquisition-related intangibles amortization, repositioning charges, and environmental expenses.
2.For each reportable segment, the other segment items category includes corporate allocations, equity income of affiliated companies, Selling, general and administrative, and Research and development expenses.
Nine Months Ended September 27, 2025
Electronic SolutionsEngines & Power SystemsControl SystemsCorporate and All OtherTotal
Net sales$4,903 $4,142 $3,851 $12,896 
Less
Cost of products and services sold(1)
2,758 2,998 2,338 
Other segment items(2)
750 396 329 
Total segment profit $1,395 $748 $1,184 $(70)$3,257 
Depreciation and amortization$95 $99 $72 $— $266 
__________________
1.Amounts exclude acquisition-related intangibles amortization, repositioning charges, and environmental expenses.
2.For each reportable segment, the other segment items category includes corporate allocations, equity income of affiliated companies, Selling, general and administrative, and Research and development expenses.
A reconciliation of Segment profit to Income before taxes is as follows:
Three Months Ended Nine Months Ended
September 26, 2026September 27, 2025September 26, 2026September 27, 2025
Electronic Solutions$564 $510 $1,533 $1,395 
Engines & Power Systems250 299 705 748 
Control Systems382 376 1,098 1,184 
Corporate and All Other(35)(34)(85)(70)
Total segment profit
1,161 1,151 3,251 3,257 
Amortization of acquisition-related intangibles(1)
(28)(3)(72)(37)
Stock compensation expense(2)
(28)(16)(89)(62)
Transaction costs(3)
(18)(143)(540)(160)
Environmental expense(4)
(19)(258)(61)(363)
Honeywell trademark license expense(2)
(54)— (54)— 
Pension income (expense)(5)
76 (1)72 (4)
Interest (expense) income, net(187)5 (404)14 
Other, net(6)
(2)6 (24)29 
Income before taxes $901 $741 $2,079 $2,674 
__________________
1.Amounts included in Cost of products and services sold and Selling, general and administrative expenses.
2.Amounts included in Selling, general and administrative expenses.
3.Amounts included in Selling, general and administrative expenses and Other (income) expense, net.
4.Amounts included in Cost of products and services sold and Other (income) expense, net.
5.Amounts included in Cost of product and services sold, Selling, general and administrative, Research and development, and Other (income) expense, net.
6.Amounts include repositioning charges and other expenses.