Segment Information |
Segment information for th e three and nine months ended October 3, 2021 and September 27, 2020 is as follows:
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Three Months Ended October 3, 2021 |
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Revenues |
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$ |
688,232 |
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$ |
102,605 |
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$ |
91,014 |
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$ |
68,713 |
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$ |
(63 |
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$ |
950,501 |
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Income (loss) before income taxes (1)(2) |
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265,017 |
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31,773 |
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(4,226 |
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31,726 |
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(26,535 |
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297,755 |
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Total assets (3) |
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1,251,549 |
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147,970 |
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696,792 |
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119,568 |
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1,546,303 |
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3,762,182 |
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Three Months Ended September 27, 2020 |
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Revenues |
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$ |
592,141 |
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$ |
118,169 |
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$ |
68,711 |
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$ |
40,504 |
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$ |
(41 |
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$ |
819,484 |
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Income (loss) before income taxes (1)(2) |
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189,116 |
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47,368 |
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(5,302 |
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10,938 |
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21,611 |
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263,731 |
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Total assets (3) |
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1,069,830 |
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155,642 |
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667,132 |
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108,671 |
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1,435,237 |
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3,436,512 |
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Nine Months Ended October 3, 2021 (4) |
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Revenues |
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$ |
2,050,271 |
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$ |
340,261 |
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$ |
263,151 |
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$ |
164,504 |
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$ |
(352 |
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$ |
2,817,835 |
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Income (loss) before income taxes (1)(2) |
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778,687 |
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116,788 |
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(14,586 |
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63,810 |
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(38,925 |
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905,774 |
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Total assets (3) |
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1,251,549 |
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147,970 |
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696,792 |
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119,568 |
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1,546,303 |
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3,762,182 |
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Nine Months Ended September 27, 2020 |
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Revenues |
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$ |
1,735,777 |
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$ |
306,051 |
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$ |
187,792 |
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$ |
133,174 |
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$ |
(294 |
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$ |
2,362,500 |
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Income (loss) before income taxes (1)(2) |
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571,719 |
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114,968 |
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(32,041 |
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35,640 |
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(12,197 |
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678,089 |
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Total assets (3) |
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1,069,830 |
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155,642 |
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667,132 |
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108,671 |
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1,435,237 |
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3,436,512 |
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(1) |
Included in Corporate and Other are: contingent consideration adjustments, loss on convertible debt conversions, interest income, interest expense, net foreign exchange gains (losses), pension, intercompany eliminations and acquisition related: (a) charges; (b) legal fees; (c) compensation. |
(2) |
Included in income (loss) before taxes are charges and credits related to restructuring and other, loss on convertible debt conversions and inventory charges. |
(3) |
Total assets are attributable to each segment. Corporate assets consist of cash and cash equivalents, marketable securities and certain other assets. |
(4) |
The (loss) before income taxes for the nine months ended October 3, 2021 for Industrial Automation has been decreased and Corporate and Other has been increased to correctly eliminate a million immaterial error in the three and six months ended July 4, 2021 related to intercompany charges. The error is not material to any historical periods. |
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Schedule of Segment Reporting Information by Segment Charges |
Included in each segment are charges and credits in the following line items in the statements of operations:
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Cost of revenues—inventory charge |
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$ |
3,725 |
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$ |
1,131 |
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$ |
4,959 |
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$ |
7,956 |
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Restructuring and other—Contract termination settlement charge |
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— |
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— |
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— |
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4,000 |
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Cost of revenues—inventory charge |
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$ |
3,656 |
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$ |
— |
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$ |
4,941 |
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$ |
505 |
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Restructuring and other—employee severance |
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476 |
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— |
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965 |
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664 |
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Restructuring and other—acquisition related expenses and compensation |
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— |
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— |
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825 |
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790 |
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Cost of revenues—inventory charge |
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$ |
679 |
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$ |
1,802 |
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$ |
1,351 |
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$ |
3,957 |
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Cost of revenues—inventory charge |
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$ |
— |
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$ |
— |
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$ |
524 |
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$ |
698 |
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Other (income) expense, net—loss on convertible debt conversion |
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$ |
20,153 |
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$ |
— |
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$ |
25,397 |
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$ |
— |
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Restructuring and other—other |
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— |
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— |
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1,846 |
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— |
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Restructuring and other—AutoGuide contingent consideration adjustment |
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— |
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(27,206 |
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(7,227 |
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(4,421 |
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Restructuring and other—acquisition related expenses and compensation |
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— |
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(1,086 |
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(513 |
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2,629 |
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Restructuring and other—MiR contingent consideration adjustment |
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— |
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— |
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— |
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(3,546 |
) |
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