Segment Information & Geographic Data (Tables)

3 Months Ended

Mar. 30, 2024

Segment Reporting [Abstract]

Schedule of Financial Information by Segments

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

	Three Months Ended
	March 30, 2024		April 1, 2023
Net sales:
AIT	$	392	$	522
EVM	783		883
Total Net sales	$	1,175	$	1,405
Operating income:
AIT(2)	$	76	$	129
EVM(2)	120		133
Total segment operating income	196		262
Corporate (1)	(37)		(37)
Total Operating income	$	159	$	225

(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, and exit and restructuring 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
	March 30, 2024		April 1, 2023
North America	$	612	$	725
EMEA	380		443
Asia-Pacific	112		154
Latin America	71		83
Total Net sales	$	1,175	$	1,405