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SEGMENT INFORMATION
 6 Months Ended
Jul. 03, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
The Company’s segments are reported on the same basis used by our Chief Executive Officer, who is also our chief operating decision maker, for evaluating performance and for allocating resources. Our three reportable segments are referred to as: Motion Technologies, Industrial Process, and Connect & Control Technologies.
Motion Technologies manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation markets.
Industrial Process manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, oil and gas, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts.
Connect & Control Technologies manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and oil and gas markets.
Corporate and Other consists of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs, as well as charges related to certain matters, such as asbestos and environmental liabilities, that are managed at a corporate level and are not included in segment results when evaluating performance or allocating resources. Assets of the segments exclude general corporate assets, which principally consist of cash, investments, asbestos-related receivables, deferred taxes, and certain property, plant and equipment.
 RevenueOperating IncomeOperating Margin
For the Three Months EndedJuly 3, 2021June 27, 2020July 3, 2021June 27, 2020July 3, 2021June 27, 2020
Motion Technologies$343.6 $199.3 $64.7 $10.4 18.8 %5.2 %
Industrial Process213.9 193.3 31.5 18.5 14.7 %9.6 %
Connect & Control Technologies134.5 122.9 17.9 8.4 13.3 %6.8 %
Eliminations(0.4)(0.8)— — — — 
Total segment results691.6 514.7 114.1 37.3 16.5 %7.2 %
Asbestos-related benefit (costs), net(a)
— — 76.8 (16.0)— — 
Other Corporate costs— — (11.3)(0.8)— — 
Total Corporate and other benefit (costs)— — 65.5 (16.8)— — 
Total$691.6 $514.7 $179.6 $20.5 26.0 %4.0 %
(a)The 2021 period includes a pre-tax gain of $88.8 resulting from the divestiture of the entity holding asbestos-related assets and liabilities. See Note 19, Commitments and Contingencies, for further information.
 RevenueOperating IncomeOperating Margin
For the Six Months Ended
July 3, 2021June 27, 2020July 3, 2021June 27, 2020July 3, 2021June 27, 2020
Motion Technologies$712.7 $497.2 $140.7 $63.5 19.7 %12.8 %
Industrial Process416.2 420.6 62.5 27.4 15.0 %6.5 %
Connect & Control Technologies261.8 261.6 29.7 24.3 11.3 %9.3 %
Eliminations(0.7)(1.4)— — — — 
Total segment results1,390.0 1,178.0 232.9 115.2 16.8 %9.8 %
Asbestos-related benefit, net(a)
— — 74.4 24.7 — — 
Other Corporate costs(17.8)(10.1)— — 
Total Corporate and other benefit— — 56.6 14.6 — — 
Total$1,390.0 $1,178.0 $289.5 $129.8 20.8 %11.0 %
(a)The 2021 period includes a pre-tax gain of $88.8 resulting from the divestiture of the entity holding asbestos-related assets and liabilities. See Note 19, Commitments and Contingencies, for further information.
As of and for the Six Months Ended
Total AssetsCapital
Expenditures		Depreciation &
Amortization
July 3, 2021December 31, 2020July 3, 2021June 27, 2020July 3, 2021June 27, 2020
Motion Technologies$1,284.7 $1,202.3 $27.8 $22.9 $31.8 $29.2 
Industrial Process1,013.5 1,069.6 2.7 4.4 11.1 12.3 
Connect & Control Technologies717.1 720.5 3.9 6.2 11.3 11.7 
Corporate(b)
447.0 1,285.2 0.7 0.8 3.0 1.3 
Total$3,462.3 $4,277.6 $35.1 $34.3 $57.2 $54.5 
(b)The decrease in Corporate total assets as of July 3, 2021 is due to the divestiture of the entity holding asbestos-related assets and liabilities and the cash contribution to fund the divestiture. See Note 19, Commitments and Contingencies, for further information.