Segment Information

12 Months Ended

Jan. 02, 2016

Segment Reporting [Abstract]

Industry Segment Information

Segment Information

The following sets forth certain financial information attributable to the Company's reporting segments for fiscal 2015, fiscal 2014 and fiscal 2013, respectively (in millions):

	Commercial and Industrial Systems		Climate Solutions		Power Transmission Solutions			Eliminations			Total
Fiscal 2015
External sales	$	1,694.9	$	1,041.2	$	773.6		$	—		$	3,509.7
Intersegment sales	71.2		24.1		4.0			(99.3		)	—
Total sales	1,766.1		1,065.3		777.6			(99.3		)	3,509.7
Gross profit	441.1		262.2		229.9			—			933.2
Operating expenses	307.2		115.6		177.7			—			600.5
Goodwill impairment	79.9		—		—			—			79.9
Income from operations	54.0		146.6		52.2			—			252.8
Depreciation and amortization	77.5		28.6		53.3			—			159.4
Capital expenditures	52.3		18.5		21.4			—			92.2
Identifiable assets	1,959.5		937.2		1,695.0			—			4,591.7
Fiscal 2014
External sales	$	1,856.1	$	1,134.8	$	266.2		$	—		$	3,257.1
Intersegment sales	78.2		19.2		5.1			(102.5		)	—
Total sales	1,934.3		1,154.0		271.3			(102.5		)	3,257.1
Gross profit	468.2		258.8		70.3			—			797.3
Operating expenses	333.9		137.7		44.7			—			516.3
Goodwill impairment	100.7		7.7		11.1			—			119.5
Asset impairments and other, net	—		13.8		26.2			—			40.0
Income (loss) from operations	33.6		99.6		(11.7		)	—			121.5
Depreciation and amortization	81.5		45.0		12.2			—			138.7
Capital expenditures	59.6		16.8		7.2			—			83.6
Identifiable assets	2,371.7		842.6		142.9			—			3,357.2
Fiscal 2013
External sales	$	1,746.6	$	1,098.6	$	250.5		$	—		$	3,095.7
Intersegment sales	73.6		16.6		5.0			(95.2		)	—
Total sales	1,820.2		1,115.2		255.5			(95.2		)	3,095.7
Gross profit	461.8		252.9		68.5			—			783.2
Operating expenses	311.1		143.6		39.5			—			494.2
Goodwill impairment	64.2		—		12.1			—			76.3
Asset impairments and other, net	4.7		—		—			—			4.7
Income from operations	81.8		109.3		16.9			—			208.0
Depreciation and amortization	67.3		49.0		12.2			—			128.5
Capital expenditures	56.4		17.9		8.4			—			82.7
Identifiable assets	2,591.8		816.2		203.3			—			3,611.3

The Commercial and Industrial Systems segment produces medium and large electric motors, power generation products, high-performance drives and controls, and starters. Applications include general commercial and industrial equipment, commercial HVAC, power generation, and oil and gas.

The Climate Solutions segment produces small motors, controls and air moving solutions. Applications include residential and light commercial HVAC, commercial refrigeration and water heaters.

The Power Transmission Solutions segment produces power transmission gearing, hydraulic pump drives, large open gearing and specialty mechanical products. Applications include material handling, industrial equipment, energy and off-road equipment.

The Company evaluates performance based on the segment's income from operations. Corporate costs have been allocated to each segment based on the net sales of each segment. The reported external net sales of each segment are from external customers.

The following sets forth net sales by country in which the Company operates for fiscal 2015, fiscal 2014 and fiscal 2013, respectively (in millions):

	Net Sales
	2015		2014		2013
Geographic Information:
United States	$	2,374.3	$	2,359.3	$	2,017.6
Rest of the World	1,135.4		897.8		1,078.1
	$	3,509.7	$	3,257.1	$	3,095.7

U.S. net sales for 2015, 2014 and 2013 represented 67.6%, 72.4% and 65.2% of total net sales, respectively. No individual foreign country represented a material portion of total net sales for any of the years presented.

The following sets forth long-lived assets (net property, plant and equipment) by country in which the Company operates for fiscal 2015 and fiscal 2014, respectively (in millions):

	Long-lived Assets
	2015		2014
Geographic Information:
United States	$	339.8	$	293.5
Mexico	114.6		33.5
China	107.9		107.9
Rest of the World	116.2		96.6
	$	678.5	$	531.5

No other individual foreign country represented a material portion of long-lived assets for any of the years presented.