Segment Information

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

The following sets forth certain financial information attributable to the Company's operating segments for fiscal 2016, fiscal 2015 and fiscal 2014, respectively (in millions):

	Commercial and Industrial Systems		Climate Solutions		Power Transmission Solutions			Eliminations			Total
Fiscal 2016
External Sales	$	1,530.9	$	960.0	$	733.6		$	—		$	3,224.5
Intersegment Sales	49.2		24.1		4.3			(77.6		)	—
Total Sales	1,580.1		984.1		737.9			(77.6		)	3,224.5
Gross Profit	379.2		245.1		240.9			—			865.2
Operating Expenses	275.7		115.2		153.7			—			544.6
Income from Operations	103.5		129.9		87.2			—			320.6
Depreciation and Amortization	74.7		24.4		56.3			—			155.4
Capital Expenditures	36.6		15.0		13.6			—			65.2
Identifiable Assets	1,872.7		881.8		1,604.0			—			4,358.5
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	—		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

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 2016, fiscal 2015 and fiscal 2014, respectively (in millions):

	Net Sales
	2016		2015		2014
United States	$	2,212.6	$	2,374.3	$	2,359.3
Rest of the World	1,011.9		1,135.4		897.8
	$	3,224.5	$	3,509.7	$	3,257.1

US net sales for 2016, 2015 and 2014 represented 68.6%, 67.6% and 72.4% 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 2016 and fiscal 2015, respectively (in millions):

	Long-lived Assets
	2016		2015
United States	$	290.3	$	339.8
Mexico	120.2		114.6
China	99.6		107.9
Rest of the World	117.4		116.2
	$	627.5	$	678.5

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