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BUSINESS SEGMENTS (Tables)
6 Months Ended
Jul. 01, 2017
Segment Reporting [Abstract]  
Schedule Of Reportable Segments
The following sets forth certain financial information attributable to the Company's operating segments as of and for the three and six months ended July 1, 2017 and July 2, 2016 (in millions):
 
Commercial and Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
 
Eliminations
 
Total
As of and for Three Months Ended July 1, 2017
 
 
 
 
 
 
 
 
 
External Sales
$
407.4

 
$
270.5

 
$
191.3

 
$

 
$
869.2

Intersegment Sales
19.9

 
6.0

 
2.2

 
(28.1
)
 

  Total Sales
427.3

 
276.5

 
193.5

 
(28.1
)
 
869.2

Gross Profit
91.9

 
68.3

 
62.8

 

 
223.0

Operating Expenses
71.3

 
28.1

 
40.6

 

 
140.0

Income from Operations
20.6

 
40.2

 
22.2

 

 
83.0

Depreciation and Amortization
14.8

 
5.6

 
14.0

 

 
34.4

Capital Expenditures
11.1

 
2.3

 
3.3

 

 
16.7

As of and for Three Months Ended July 2, 2016
 
 
 
 
 
 
 
 
 
External Sales
$
394.7

 
$
254.5

 
189.4

 
$

 
$
838.6

Intersegment Sales
11.4

 
7.0

 
1.1

 
(19.5
)
 

  Total Sales
406.1

 
261.5

 
190.5

 
(19.5
)
 
838.6

Gross Profit
96.2

 
64.7

 
62.0

 

 
222.9

Operating Expenses
71.1

 
28.6

 
31.8

 

 
131.5

Income from Operations
25.1

 
36.1

 
30.2

 

 
91.4

Depreciation and Amortization
19.2

 
6.5

 
13.2

 

 
38.9

Capital Expenditures
9.6

 
3.6

 
3.6

 

 
16.8


 
Commercial and Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
 
Eliminations
 
Total
As of and for Six Months Ended July 1, 2017
 
 
 
 
 
 
 
 
 
External Sales
$
788.6

 
$
518.2

 
$
375.9

 
$

 
$
1,682.7

Intersegment Sales
35.8

 
14.2

 
2.9

 
(52.9
)
 

  Total Sales
824.4

 
532.4

 
378.8

 
(52.9
)
 
1,682.7

Gross Profit
187.5

 
129.0

 
122.1

 

 
438.6

Operating Expenses
141.1

 
57.6

 
82.1

 

 
280.8

Income from Operations
46.4

 
71.4

 
40.0

 

 
157.8

Depreciation and Amortization
30.0

 
11.1

 
27.7

 

 
68.8

Capital Expenditures
21.7

 
6.6

 
5.4

 

 
33.7

As of and for Six Months Ended July 2, 2016
 
 
 
 
 
 
 
 

External Sales
$
772.3

 
$
494.3

 
390.2

 
$

 
$
1,656.8

Intersegment Sales
22.7

 
12.2

 
2.0

 
(36.9
)
 

  Total Sales
795.0

 
506.5

 
392.2

 
(36.9
)
 
1,656.8

Gross Profit
189.8

 
120.9

 
129.6

 

 
440.3

Operating Expenses
143.0

 
60.2

 
76.4

 

 
279.6

Income from Operations
46.8

 
60.7

 
53.2

 

 
160.7

Depreciation and Amortization
38.9

 
12.7

 
27.4

 

 
79.0

Capital Expenditures
16.9

 
7.5

 
7.3

 

 
31.7

Reconciliation of Segment Assets
The following table presents identifiable assets information attributable to the Company's operating segments as of July 1, 2017 and December 31, 2016 (in millions):
 
Commercial and Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
 
Total
Identifiable Assets as of July 1, 2017
$
1,926.2

 
$
946.1

 
$
1,610.7

 
$
4,483.0

Identifiable Assets as of December 31, 2016
$
1,872.7

 
$
881.8

 
$
1,604.0

 
$
4,358.5