v3.26.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
Segment operating revenue, significant expenses and operating income for the three and nine months ended September 30, 2026 and 2025 were as follows:
Three Months EndedNine Months Ended
September 30,September 30,
In millions2026202520262025
Operating revenue:
Automotive OEM$814 $830 $2,491 $2,461 
Food Equipment698 694 2,027 2,001 
Test & Measurement and Electronics819 698 2,303 2,036 
Welding513 477 1,569 1,428 
Polymers & Fluids477 441 1,405 1,308 
Construction Products472 473 1,424 1,389 
Specialty Products447 452 1,346 1,342 
Total segments4,240 4,065 12,565 11,965 
Intersegment revenue(4)(6)(12)(14)
Operating Revenue$4,236 $4,059 $12,553 $11,951 
Variable cost of revenue:
Automotive OEM$444 $450 $1,347 $1,344 
Food Equipment317 317 937 914 
Test & Measurement and Electronics342 297 986 881 
Welding228 211 709 640 
Polymers & Fluids216 208 649 621 
Construction Products213 210 640 620 
Specialty Products204 205 616 613 
Total segments$1,964 $1,898 $5,884 $5,633 
Overhead expenses:
Automotive OEM$207 $198 $623 $604 
Food Equipment173 175 537 530 
Test & Measurement and Electronics242 224 725 682 
Welding99 110 333 320 
Polymers & Fluids112 107 341 326 
Construction Products118 114 357 345 
Specialty Products103 101 307 300 
Total segments$1,054 $1,029 $3,223 $3,107 
Operating income:
Automotive OEM$163 $182 $521 $513 
Food Equipment208 202 553 557 
Test & Measurement and Electronics235 177 592 473 
Welding186 156 527 468 
Polymers & Fluids149 126 415 361 
Construction Products141 149 427 424 
Specialty Products140 146 423 429 
Total segments1,222 1,138 3,458 3,225 
Unallocated(45)(26)(114)(94)
Operating Income1,177 1,112 3,344 3,131 
Interest expense(83)(75)(235)(217)
Other income (expense)37 12 69 28 
Income Before Taxes$1,131 $1,049 $3,178 $2,942 
Segment depreciation and amortization and impairment of intangible assets for the three and nine months ended September 30, 2026 and 2025 was as follows:

Three Months EndedNine Months Ended
September 30,September 30,
In millions2026202520262025
Automotive OEM$36 $35 $107 $101 
Food Equipment10 11 29 31 
Test & Measurement and Electronics18 17 55 53 
Welding9 9 26 26 
Polymers & Fluids9 10 26 31 
Construction Products8 8 25 24 
Specialty Products10 10 29 28 
Total$100 $100 $297 $294