REVENUE
Disaggregation of Revenue
    Revenue is disaggregated from contracts by geographic region, country, and by reportable operating segment, which the Company believes best depicts how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors.
    The Company operates various manufacturing and marketing operations outside the United States. The Company's products are sold in three geographic regions: the Americas, EMEA, and APAC. The Americas includes North America (primarily the United States) and Latin America. EMEA includes Europe, the Middle East, India, and Africa. APAC includes Asia (other than India) and Australia. Revenues by region are based on the known final destination of products sold.
    The following table disaggregates the Company’s revenue by geographic region:
Fiscal Years
(In millions)202520242023
Americas$276.5 $266.5 $281.8 
EMEA284.8 280.3 290.7 
APAC283.3 264.2 320.9 
Total revenues, net$844.6 $811.0 $893.4 
    The following table disaggregates the Company’s revenue by country:
Fiscal Years
(In millions)202520242023
United States$254.9 $257.7 $275.1 
Japan143.5 118.1 156.6 
China128.3 118.0 146.8 
Other(1)
317.9 317.2 314.9 
Total revenues, net$844.6 $811.0 $893.4 
(1) No individual country included in the Other category generated more than 10% of total revenues, net.
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About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.