Segment Information & Geographic Data (Tables)

9 Months Ended

Oct. 01, 2022

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 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Net sales:
AIT	$	415	$	378	$	1,255	$	1,221
EVM	963		1,058		3,023		2,945
Total segment Net sales	1,378		1,436		4,278		4,166
Corporate, eliminations(1)	—		—		—		(6)
Total Net sales	$	1,378	$	1,436	$	4,278	$	4,160
Operating income:
AIT(2)	$	83	$	78	$	240	$	289
EVM(2)	161		194		531		565
Total segment operating income	244		272		771		854
Corporate eliminations(1)	(42)		(35)		(502)		(98)
Total Operating income	$	202	$	237	$	269	$	756

(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				Nine Months Ended
	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
North America	$	690	$	728	$	2,103	$	2,108
EMEA	456		504		1,477		1,458
Asia-Pacific	158		135		459		392
Latin America	74		69		239		202
Total Net sales	$	1,378	$	1,436	$	4,278	$	4,160