Segment Information & Geographic Data (Tables)

9 Months Ended

Oct. 02, 2021

Segment Reporting [Abstract]

Schedule of Financial Information by Segments

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

	Three Months Ended				Nine Months Ended
	October 2, 2021		September 26, 2020		October 2, 2021		September 26, 2020
Net sales:
AIT	$	386	$	339	$	1,243	$	967
EVM	1,050		795		2,923		2,175
Total segment Net sales	1,436		1,134		4,166		3,142
Corporate, eliminations(1)	—		(2)		(6)		(2)
Total Net sales	$	1,436	$	1,132	$	4,160	$	3,140
Operating income:
AIT(2)	$	77	$	78	$	283	$	212
EVM(2)	195		121		571		305
Total segment operating income	272		199		854		517
Corporate, eliminations(1)	(35)		(49)		(98)		(97)
Total Operating income	$	237	$	150	$	756	$	420

(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				Nine Months Ended
	October 2, 2021		September 26, 2020		October 2, 2021		September 26, 2020
North America	$	728	$	629	$	2,108	$	1,650
EMEA	504		340		1,458		1,034
Asia-Pacific	135		115		392		322
Latin America	69		48		202		134
Total Net sales	$	1,436	$	1,132	$	4,160	$	3,140