| Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals |
| | | | | | | | | | | | | | | | | For the Third Quarter Ended September 27, 2026 | | | | Americas | | Europe | | APMEA | | Total | | | | | (in millions) | Net sales | | | | | | | | | | | | | | Net sales from external customers | | | $ | 552.6 | | $ | 119.8 | | $ | 55.6 | | $ | 728.0 | Intersegment sales | | | | 2.5 | | | 6.1 | | | 29.3 | | | 37.9 | Total segment net sales | | | $ | 555.1 | | $ | 125.9 | | $ | 84.9 | | $ | 765.9 | Reconciliation of net sales | | | | | | | | | | | | | | Elimination of intersegment sales | | | | | | | | | | | | | (37.9) | Total consolidated net sales | | | | | | | | | | | | $ | 728.0 | Less (a) | | | | | | | | | | | | | | Segment cost of goods sold | | | | 267.5 | | | 77.7 | | | 58.9 | | | | Segment selling, general and administrative | | | | 131.2 | | | 27.8 | | | 13.6 | | | | Segment research and development | | | | 15.7 | | | 3.0 | | | 0.7 | | | | Segment earnings | | | | 140.7 | | | 17.4 | | | 11.7 | | | 169.8 | | | | | | | | | | | | | | | Reconciliation of segment earnings to income before income taxes | | | | | | | | | | | | | | Segment special items (b) | | | | | | | | | | | | | 39.0 | Corporate operating loss (c) | | | | | | | | | | | | | (18.0) | Consolidated operating income | | | | | | | | | | | | | 190.8 | Interest income | | | | | | | | | | | | | (3.4) | Interest expense | | | | | | | | | | | | | 2.0 | Other income, net | | | | | | | | | | | | | 0.3 | Income before income taxes | | | | | | | | | | | | $ | 191.9 |
| | | | | | | | | | | | | | | | | For the Third Quarter Ended September 28, 2025 | | | | Americas | | Europe | | APMEA | | Total | | | | | (in millions) | Net sales | | | | | | | | | | | | | | Net sales from external customers | | | $ | 464.1 | | $ | 111.6 | | $ | 36.0 | | $ | 611.7 | Intersegment sales | | | | 2.2 | | | 6.4 | | | 22.0 | | | 30.6 | Total segment net sales | | | $ | 466.3 | | $ | 118.0 | | $ | 58.0 | | $ | 642.3 | Reconciliation of net sales | | | | | | | | | | | | | | Elimination of intersegment sales | | | | | | | | | | | | | (30.6) | Total consolidated net sales | | | | | | | | | | | | $ | 611.7 | Less (a) | | | | | | | | | | | | | | Segment cost of goods sold | | | | 227.2 | | | 75.7 | | | 40.7 | | | | Segment selling, general and administrative | | | | 113.7 | | | 26.0 | | | 9.6 | | | | Segment research and development | | | | 15.4 | | | 2.7 | | | 0.7 | | | | Segment earnings | | | | 110.0 | | | 13.6 | | | 7.0 | | | 130.6 | | | | | | | | | | | | | | | Reconciliation of segment earnings to income before income taxes | | | | | | | | | | | | | | Segment special items (b) | | | | | | | | | | | | | (1.9) | Corporate operating loss (c) | | | | | | | | | | | | | (17.3) | Consolidated operating income | | | | | | | | | | | | | 111.4 | Interest income | | | | | | | | | | | | | (2.5) | Interest expense | | | | | | | | | | | | | 2.7 | Other expense, net | | | | | | | | | | | | | 0.2 | Income before income taxes | | | | | | | | | | | | $ | 111.0 |
| | | For the Nine Months Ended September 27, 2026 | | | | Americas | | Europe | | APMEA | | Total | | | | | (in millions) | Net sales | | | | | | | | | | | | | | Net sales from external customers | | | $ | 1,652.7 | | $ | 365.8 | | $ | 149.9 | | $ | 2,168.4 | Intersegment sales | | | | 7.3 | | | 18.7 | | | 88.8 | | | 114.8 | Total segment net sales | | | $ | 1,660.0 | | $ | 384.5 | | $ | 238.7 | | $ | 2,283.2 | Reconciliation of net sales | | | | | | | | | | | | | | Elimination of intersegment sales | | | | | | | | | | | | | (114.8) | Total consolidated net sales | | | | | | | | | | | | $ | 2,168.4 | Less (a) | | | | | | | | | | | | | | Segment cost of goods sold | | | | 811.5 | | | 238.7 | | | 168.1 | | | | Segment selling, general and administrative | | | | 385.1 | | | 86.0 | | | 38.6 | | | | Segment research and development | | | | 48.1 | | | 9.2 | | | 2.1 | | | | Segment earnings | | | | 415.3 | | | 50.6 | | | 29.9 | | | 495.8 | | | | | | | | | | | | | | | Reconciliation of segment earnings to income before income taxes | | | | | | | | | | | | | | Segment special items (b) | | | | | | | | | | | | | 30.1 | Corporate operating loss (c) | | | | | | | | | | | | | (48.1) | Consolidated operating income | | | | | | | | | | | | | 477.8 | Interest income | | | | | | | | | | | | | (6.8) | Interest expense | | | | | | | | | | | | | 6.8 | Other expense, net | | | | | | | | | | | | | 0.8 | Income before income taxes | | | | | | | | | | | | $ | 477.0 |
| | | | | | | | | | | | | | | | | For the Nine Months Ended September 28, 2025 | | | | Americas | | Europe | | APMEA | | Total | | | | | (in millions) | Net sales | | | | | | | | | | | | | | Net sales from external customers | | | $ | 1,380.8 | | $ | 331.0 | | $ | 101.6 | | $ | 1,813.4 | Intersegment sales | | | | 6.4 | | | 25.1 | | | 78.2 | | | 109.7 | Total segment net sales | | | $ | 1,387.2 | | $ | 356.1 | | $ | 179.8 | | $ | 1,923.1 | Reconciliation of net sales | | | | | | | | | | | | | | Elimination of intersegment sales | | | | | | | | | | | | | (109.7) | Total consolidated net sales | | | | | | | | | | | | $ | 1,813.4 | Less (a) | | | | | | | | | | | | | | Segment cost of goods sold | | | | 665.9 | | | 229.1 | | | 130.1 | | | | Segment selling, general and administrative | | | | 334.8 | | | 77.6 | | | 28.6 | | | | Segment research and development | | | | 43.0 | | | 7.7 | | | 2.1 | | | | Segment earnings | | | | 343.5 | | | 41.7 | | | 19.0 | | | 404.2 | | | | | | | | | | | | | | | Reconciliation of segment earnings to income before income taxes | | | | | | | | | | | | | | Segment special items (b) | | | | | | | | | | | | | (24.1) | Corporate operating loss (c) | | | | | | | | | | | | | (45.7) | Consolidated operating income | | | | | | | | | | | | | 334.4 | Interest income | | | | | | | | | | | | | (7.1) | Interest expense | | | | | | | | | | | | | 8.1 | Other expense, net | | | | | | | | | | | | | 0.8 | Income before income taxes | | | | | | | | | | | | $ | 332.6 |
| (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 tariff refunds, 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. |
| | | | | | | | | | | | | | | | Third Quarter Ended | | Nine Months Ended | | | | September 27, | | September 28, | | September 27, | | September 28, | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | (in millions) | | Capital expenditures | | | | | | | | | | | | | | Americas | | $ | 19.8 | | $ | 6.0 | | $ | 36.6 | | $ | 18.3 | | Europe | | | 3.1 | | | 3.6 | | | 8.4 | | | 9.4 | | APMEA | | | 0.4 | | | 1.9 | | | 0.9 | | | 3.6 | | Consolidated capital expenditures | | $ | 23.3 | | $ | 11.5 | | $ | 45.9 | | $ | 31.3 | | Depreciation and amortization of intangibles | | | | | | | | | | | | | | Americas | | $ | 12.7 | | $ | 10.7 | | $ | 36.7 | | $ | 32.2 | | Europe | | | 2.6 | | | 2.9 | | | 7.9 | | | 8.1 | | APMEA | | | 1.0 | | | 0.6 | | | 3.0 | | | 1.7 | | Consolidated depreciation and amortization of intangibles | | $ | 16.3 | | $ | 14.2 | | $ | 47.6 | | $ | 42.0 | |
| | | | | | | | | | | | | | | | | | | | | September 27, | | December 31, | | | | | | | | | 2026 | | 2025 | | | | | | | | | | (in millions) | Identifiable assets (at end of period) | | | | | | | | | | | | | Americas | | | | | | | | $ | 2,171.7 | | $ | 2,043.6 | Europe | | | | | | | | | 642.9 | | | 616.5 | APMEA | | | | | | | | | 262.2 | | | 221.1 | Consolidated identifiable assets | | | | | | | | $ | 3,076.8 | | $ | 2,881.2 | Property, plant and equipment, net (at end of period) | | | | | | | | | | | | | Americas | | | | | | | | $ | 217.8 | | $ | 202.1 | Europe | | | | | | | | | 75.9 | | | 78.7 | APMEA | | | | | | | | | 17.1 | | | 16.3 | Consolidated property, plant and equipment, net | | | | | | | | $ | 310.8 | | $ | 297.1 |
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