Segment Information & Geographic Data (Tables)

3 Months Ended

Apr. 03, 2021

Segment Reporting [Abstract]

Schedule of Financial Information by Segments

Financial information by segment is presented as follows (in millions):

	Three Months Ended
	April 3, 2021		March 28, 2020
Net sales:
AIT	$	436	$	355
EVM	914		697
Total segment Net sales	1,350		1,052
Corporate, eliminations(1)	(3)		—
Total Net sales	$	1,347	$	1,052
Operating income:
AIT(2)	$	109	$	82
EVM(2)	193		95
Total segment operating income	302		177
Corporate, eliminations(1)	(30)		(26)
Total Operating income	$	272	$	151

(1)To the extent applicable, amounts included in Corporate, eliminations consist of business acquisition purchase accounting adjustments, amortization of intangible assets, acquisition and integration costs, impairment of goodwill and other intangibles, exit and restructuring costs, and product sourcing diversification costs.

(2)AIT and EVM segment operating income includes depreciation and share-based compensation expense. The amounts of depreciation and share-based compensation expense attributable to AIT and EVM are proportionate to each segment’s Net sales.

Schedule of Net Sales to Customers by Geographic Region

Geographic data for Net sales is as follows (in millions):

	Three Months Ended
	April 3, 2021		March 28, 2020
North America	$	673	$	519
EMEA	490		388
Asia-Pacific	120		97
Latin America	64		48
Total Net sales	$	1,347	$	1,052