Segment Information & Geographic Data (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Financial Information by Segment

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

	Year Ended December 31,
	2023		2022		2021
Net sales:
AIT	$	1,651	$	1,837	$	1,734
EVM	2,933		3,944		3,899
Total segment Net sales	4,584		5,781		5,633
Corporate (1)	—		—		(6)
Total Net sales	$	4,584	$	5,781	$	5,627
Operating income:
AIT(2)	$	346	$	361	$	386
EVM(2)	343		711		746
Total segment operating income	689		1,072		1,132
Corporate (1)	(208)		(543)		(153)
Total Operating income	$	481	$	529	$	979

(1)To the extent applicable, amounts included in Corporate 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 costs in the prior year).

(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 Significant Customers as Percentage of Total Net Sales

The approximate percentage of our segment and Company total Net sales to these customers were as follows:

	Year Ended December 31,
	2023						2022						2021
	AIT		EVM		Total		AIT		EVM		Total		AIT		EVM		Total
Customer A	5	%	13	%	18	%	7	%	14	%	21	%	7	%	15	%	22	%
Customer B	8	%	6	%	14	%	6	%	9	%	15	%	5	%	9	%	14	%
Customer C	4	%	8	%	12	%	4	%	9	%	13	%	3	%	10	%	13	%

Schedule of Information Regarding Operations by Geographic Area

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

	Year Ended December 31,
	2023		2022		2021
North America	$	2,405	$	2,919	$	2,819
EMEA	1,414		1,920		1,976
Asia-Pacific	481		609		543
Latin America	284		333		289
Total Net sales	$	4,584	$	5,781	$	5,627

Schedule of Net Sales by Country

Net sales during these years were as follows (in millions):

	Year Ended December 31,
	2023		2022		2021
U.S.	$	2,330	$	2,840	$	2,784
Germany	682		949		901
Other	1,572		1,992		1,942
Total Net sales	$	4,584	$	5,781	$	5,627

Schedule of Geographic Data for Long-lived Assets

Geographic data for long-lived assets is as follows (in millions):

	Year Ended December 31,
	2023		2022		2021
North America	$	338	$	336	$	290
EMEA	61		58		68
Asia-Pacific	73		35		39
Latin America	6		5		6
Total long-lived assets	$	478	$	434	$	403