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Business Segments
 3 Months Ended
Apr. 02, 2016
Segment Reporting [Abstract]  
Business Segments
BUSINESS SEGMENTS
The following sets forth certain financial information attributable to the Company's reporting segments as of and for the three months ended April 2, 2016 and April 4, 2015 (in millions):
 
 
Commercial and Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
 
Eliminations
 
Total
As of and for Three Months Ended April 2, 2016
 
 
 
 
 
 
 
 
 
External sales
$
377.6

 
$
239.8

 
$
200.8

 
$
—

 
$
818.2

Intersegment sales
11.3

 
5.2

 
0.9

 
(17.4
)
 
—

  Total sales
388.9

 
245.0

 
201.7

 
(17.4
)
 
818.2

Gross profit
93.6

 
56.2

 
67.6

 
—

 
217.4

Operating expenses
71.9

 
31.6

 
44.6

 
—

 
148.1

Income from operations
21.7

 
24.6

 
23.0

 
—

 
69.3

Depreciation and amortization
19.7

 
6.2

 
14.2

 
—

 
40.1

Capital expenditures
7.3

 
3.9

 
3.7

 
—

 
14.9

Identifiable assets
1,949.7

 
948.1

 
1,702.4

 
—

 
4,600.2

As of and for Three Months Ended April 4, 2015
 
 
 
 
 
 
 
 
 
External sales
$
456.4

 
$
280.4

 
174.9

 
$
—

 
$
911.7

Intersegment sales
23.9

 
7.1

 
1.1

 
(32.1
)
 
—

  Total sales
480.3

 
287.5

 
176.0

 
(32.1
)
 
911.7

Gross profit
112.9

 
63.7

 
44.3

 
—

 
220.9

Operating expenses
79.6

 
30.3

 
47.4

 
—

 
157.3

Income from operations
33.3

 
33.4

 
(3.1
)
 
—

 
63.6

Depreciation and amortization
19.5

 
7.0

 
9.4

 
—

 
35.9

Capital expenditures
15.7

 
4.6

 
0.9

 
—

 
21.2

Identifiable assets
2,440.6

 
880.8

 
1,646.1

 
—

 
4,967.5



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.