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Acquisitions and Divestitures (Schedule of Pro Forma Financial Information) (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2016
Oct. 01, 2016
Jul. 02, 2016
Apr. 02, 2016
Jan. 02, 2016
Oct. 03, 2015
Jul. 04, 2015
Apr. 04, 2015
Dec. 31, 2016
Jan. 02, 2016
Jan. 03, 2015
Business Acquisition [Line Items]                      
Basic Earnings Per Share as Reported (in dollars per shares) $ 1.02 $ 1.33 $ 1.27 $ 0.93 $ (0.43) $ 1.42 $ 1.40 $ 0.81 $ 4.55 $ 3.21 $ 0.69
Diluted Earnings Per Share as Reported (in dollars per shares) $ 1.01 $ 1.32 $ 1.26 $ 0.93 $ (0.43) $ 1.41 $ 1.39 $ 0.81 $ 4.52 $ 3.18 $ 0.69
Power Transmission Solutions                      
Business Acquisition [Line Items]                      
Pro Forma Net Sales                   $ 3,558.3 $ 3,864.4
Pro Forma Net Income Attributable to the Company                   $ 174.8 $ 63.1
Basic Earnings Per Share as Reported (in dollars per shares)                   $ 3.21 $ 0.69
Pro Forma Basic Earnings Per Share (in dollars per shares)                   3.91 1.40
Diluted Earnings Per Share as Reported (in dollars per shares)                   3.18 0.69
Pro Forma Diluted Earnings Per Share (in dollars per shares)                   $ 3.88 $ 1.39
Benshaw, Hy-Bon, Cemp and RAM [Member]                      
Business Acquisition [Line Items]                      
Pro Forma Net Sales                     $ 3,291.2
Pro Forma Net Income Attributable to the Company                     $ 28.8
Basic Earnings Per Share as Reported (in dollars per shares)                     $ 0.69
Pro Forma Basic Earnings Per Share (in dollars per shares)                     0.64
Diluted Earnings Per Share as Reported (in dollars per shares)                     0.69
Pro Forma Diluted Earnings Per Share (in dollars per shares)                     $ 0.64