Resideo Technologies Inc 2025年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSION Delaware(State or other jurisdiction of incorporation or organization) Note 1.Nature of Operations and Basis of PresentationNature of Operations commercial spaces globally, with tens of millions of new devices sold annually. The accompanying Unaudited Consolidated Financial Statements have been prepared in accordance with United States (“U.S.”)generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the Unaudited Consolidated Financial Statements do not include all of the information andnotes required by GAAP for complete financial statements. In the opinion of management, the Unaudited Consolidated FinancialStatements included herein contain all adjustments, which consist of normal recurring adjustments, necessary to fairly present ourfinancial position, results of operations, and cash flows for the periods indicated. Operating results for the period from January1, 2025 For additional information, refer to the Consolidated Financial Statements and notes thereto included in our Annual Report on Form10-K for the fiscal year ended December31, 2024 (the “2024 Annual Report on Form 10-K”), filed with the United States Securities Reporting Period We report financial information on a fiscal quarter basis using a modified four-four-five week calendar. Our fiscal calendar begins onJanuary 1 and ends on December 31. We have elected the first, second, and third quarters to end on a Saturday in order to not disrupt Reclassification Note 2.Summary of Significant Accounting Policies We consider the applicability and impact of all recent accounting standards updates (“ASUs”) issued by the Financial Accounting Standards Board (“FASB”). ASUs not listed below were assessed and determined to be either not applicable or are expected to have animmaterial impact on our Consolidated Financial Statements. In November 2024, the FASB issued ASU 2024-03,Income Statement—Reporting Comprehensive Income—Expense DisaggregationDisclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This ASU requires entities to disaggregate operating December 15, 2027. We are currently assessing the impact of adoption to our Consolidated Financial Statements and relateddisclosures.In December 2023, the FASB issued ASU 2023-09,Income Taxes (Topic 740): Improvements to Income Tax Disclosures, whichincludes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate On June 14, 2024, we acquired100% of the issued and outstanding equity of Snap One Holdings Corp. (“Snap One”), a leading The following table presents the preliminary purchase price allocation at fair values as of the date of acquisition. The valuation wascompleted, however, purchase price allocations may be subject to future adjustments for acquired working capital balances and incometax assets and liabilities within the one-year measurement period. During the three months ended March29, 2025, measurement period Solutions and ADI Global Distribution. Segment information is evaluated by our Chief Executive Officer who is also the ChiefOperating Decision Maker (“CODM”). The CODM uses income from operations to evaluate the performance of the overall business, make investing decisions, and allocate resources predominantly in the annual budget and forecasting process and the monthly resultsreview, which includes variance analysis against the forecast, the budget, and the prior year. Disaggregated assets by segment are notused to allocate resources or to assess performance of the segments and therefore, segment assets have not been disclosed. Capitalexpenditures for each segment are reviewed by the CODM. The accounting policies used to derive segment results are substantially the same as those used inpreparing the Unaudited Consolidated Financial Statements. temperature and humidity control, water and air solutions, smoke and carbon monoxide detection home safety products, residentialand small business security products, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software. We also sell components to manufacturers of water heaters, heat pumps, and ADI Global Distribution—Our ADI Global Distribution segment is a leading wholesale distributor of low-voltage products includingsecurity, fire, and access control, and participates significantly in the broader related markets of smart home, residential audio-visual, structured wiring products. In addition, ADI Global Distribution produces a full range of proprietary smart-home technology productsand solutions under our own exclusive brands.Corporate—Corporate expenses include costs related to the corporate functions such as the executive function, legal, accounting, tax, Segment results of operations for Prod