Segment Information & Geographic Data (Tables)

6 Months Ended

Jul. 02, 2022

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 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Net sales:
AIT	$	446	$	414	$	840	$	843
EVM	1,022		966		2,060		1,887
Total segment Net sales	1,468		1,380		2,900		2,730
Corporate, eliminations(1)	—		(3)		—		(6)
Total Net sales	$	1,468	$	1,377	$	2,900	$	2,724
Operating income:
AIT(2)	$	97	$	100	$	157	$	211
EVM(2)	181		180		370		371
Total segment operating income	278		280		527		582
Corporate eliminations(1)	(423)		(33)		(460)		(63)
Total Operating (loss) income	$	(145)	$	247	$	67	$	519

(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, as well as certain other non-recurring costs (such as the Settlement and related costs in the current year).

(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 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
North America	$	714	$	707	$	1,413	$	1,380
EMEA	521		464		1,021		954
Asia-Pacific	152		137		301		257
Latin America	81		69		165		133
Total Net sales	$	1,468	$	1,377	$	2,900	$	2,724