Segment Information & Geographic Data (Tables)

6 Months Ended

Jul. 03, 2021

Segment Reporting [Abstract]

Schedule of Financial Information by Segments

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

	Three Months Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Net sales:
AIT	$	421	$	273	$	857	$	628
EVM	959		683		1,873		1,380
Total segment Net sales	1,380		956		2,730		2,008
Corporate, eliminations(1)	(3)		—		(6)		—
Total Net sales	$	1,377	$	956	$	2,724	$	2,008
Operating income:
AIT(2)	$	97	$	52	$	206	$	134
EVM(2)	183		89		376		184
Total segment operating income	280		141		582		318
Corporate, eliminations(1)	(33)		(22)		(63)		(48)
Total Operating income	$	247	$	119	$	519	$	270

(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				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
North America	$	707	$	502	$	1,380	$	1,021
EMEA	464		306		954		694
Asia-Pacific	137		110		257		207
Latin America	69		38		133		86
Total Net sales	$	1,377	$	956	$	2,724	$	2,008