The acquisition of Meggitt increased sales by approximately $501 million during the first six months of fiscal 2024, with approximately 82 percent of Meggitt's sales included in the Aerospace Systems Segment and the remaining 18 percent in the Diversified Industrial Segment.

The impact of divestiture activity decreased sales by approximately $13 million during the current-year quarter and approximately $38 million during the first six months of fiscal 2024.

The Company intends to focus primarily on business opportunities in the areas of energy, water, food, environment, defense, life sciences, infrastructure and transportation.

The company incurred business realignment charges related to actions taken under the Company's simplification initiative aimed at reducing organizational and process complexity, as well as plant closures. A majority of the business realignment charges were incurred in Europe.

The ongoing disruption within the global supply chain and labor markets has impacted the business. The company continues to manage the challenging supply chain environment through a 'local for local' manufacturing strategy, ongoing supplier management process, and broadened supply base.

While the inflationary cost environment showed signs of moderating, the company continues to manage its impact through a variety of cost and pricing measures, including continuous improvement and lean initiatives.

The extent to which the business and results of operations will be impacted by economic and political uncertainty, geopolitical risks and public health crises depends on future developments that remain uncertain.

The ongoing disruption within the global supply chain and labor markets has impacted the business. The company continues to manage the challenging supply chain environment through a 'local for local' manufacturing strategy, ongoing supplier management process, and broadened supply base.

Currency exchange rate changes increased net sales during the current-year quarter by approximately $25 million. Foreign currency transaction (gain) loss primarily relates to the impact of exchange rates on cash, forward contracts, certain cross-currency swap contracts and intercompany transactions.

Diversified Industrial North America sales decreased due to lower demand from distributors and end users across several markets, partially offset by higher end-user demand in other markets. Diversified Industrial International sales decreased in the Asia Pacific region, partially offset by an increase in sales in Europe and Latin America.

Aerospace Systems Segment sales increased primarily due to higher volume across all businesses, especially the commercial aftermarket business. Sales also increased by $386 million during the first six months of fiscal 2024 due to the Acquisition.

The company aims to meet its strategic objectives by serving the customer and continuously enhancing its experience with the Company and delivering products, systems and services that have demonstrable savings to customers and are priced by the value they deliver.

The company incurred business realignment charges related to actions taken under the Company's simplification initiative aimed at reducing organizational and process complexity, as well as plant closures. The company anticipates that cost savings realized from the workforce reduction measures will increase operating income by approximately one percent in fiscal 2025.

The company aims to drive efficiency by implementing lean enterprise principles and creating a culture of empowerment through its values, inclusion and diversity, accountability and teamwork.

The company is actively monitoring its liquidity position and remains focused on managing its inventory and other working capital requirements. Days supply of inventory on hand was 96 days at December 31, 2023.

The company aims to meet its strategic objectives by engineering innovative systems and products to provide superior customer value through improved service, efficiency and productivity.

The company aims to enable a sustainable future by providing innovative technology solutions that make our world safer, smarter and cleaner and operating responsibly by minimizing our environmental impact and conserving natural resources.

Intangible assets are amortized using the straight-line method over their legal or estimated useful lives. The company had total intangible asset amortization expense of $298 million for the six months ended December 31, 2023.

The company repurchased 121,143 shares at an average price of $412.74 per share during the three months ended December 31, 2023. The company is authorized to repurchase 35 million shares with no limitation on the amount of shares that can be repurchased in a fiscal year.

The company is targeting two percent of sales for capital expenditures and is prioritizing those related to safety and strategic investments.

The company aims to meet its strategic objectives by acquiring strategic businesses and organizing around targeted regions, technologies and markets.

The company is enabling a sustainable future by providing innovative technology solutions that make our world safer, smarter and cleaner and operating responsibly by minimizing our environmental impact and conserving natural resources.

The company aims to meet its strategic objectives by creating a culture of empowerment through its values, inclusion and diversity, accountability and teamwork.

The company aims to enable a sustainable future by operating responsibly by minimizing our environmental impact and conserving natural resources.

The extent to which the business and results of operations will be impacted by economic and political uncertainty, geopolitical risks and public health crises depends on future developments that remain uncertain.

Currency exchange rate changes increased net sales during the current-year quarter by approximately $25 million. The company manages foreign currency transaction and translation risk by utilizing derivative and non-derivative financial instruments.

The impact of political, social and economic instability and disruptions, including public health crises such as the COVID-19 pandemic, may affect future performance.