Segment Information & Geographic Data (Tables)

3 Months Ended

Apr. 01, 2023

Segment Reporting [Abstract]

Schedule of Financial Information by Segments

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

	Three Months Ended
	April 1, 2023		April 2, 2022
Net sales:
AIT	$	491	$	394
EVM	914		1,038
Total Net sales	$	1,405	$	1,432
Operating income:
AIT(2)	$	132	$	60
EVM(2)	130		189
Total segment operating income	262		249
Corporate eliminations(1)	(37)		(37)
Total Operating income	$	225	$	212

(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.

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

Schedule of Net Sales to Customers by Geographic Region

Net sales by region were as follows (in millions):

	Three Months Ended
	April 1, 2023		April 2, 2022
North America	$	725	$	699
EMEA	443		500
Asia-Pacific	154		149
Latin America	83		84
Total Net sales	$	1,405	$	1,432