SEGMENT INFORMATION

The Company is comprised of three operating segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.

Commercial and Industrial Systems produces medium and large motors, commercial and industrial equipment, alternators, motors and controls and air moving solutions. These products serve markets including commercial HVAC, pool and spa, standby and critical power and oil and gas systems.

Climate Solutions produces small motors, controls and air moving solutions serving markets including residential and light commercial HVAC, water heaters and commercial refrigeration.

Power Transmission Solutions manufactures, sells and services belt and chain drives, helical and worm gearing, mounted and unmounted bearings, couplings, modular plastic belts, conveying chains and components, hydraulic pump drives, large open gearing and specialty mechanical products serving markets including beverage, bulk handling, metals, special machinery, energy, aerospace and general industrial.

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 certain financial information attributable to the Company's operating segments for the three months ended March 30, 2019 and March 31, 2018 (in millions):



	Commercial and Industrial Systems			Climate Solutions		Power Transmission Solutions		Eliminations			Total
Three Months Ended March 30, 2019
External Sales	$	380.3		$	263.3	$	210.2	$	—		$	853.8
Intersegment Sales	14.3			4.5		5.9		(24.7		)	—
Total Sales	394.6			267.8		216.1		(24.7		)	853.8
Gross Profit	89.4			70.7		74.5		—			234.6
Operating Expenses	69.5			30.5		45.2		—			145.2
Gain on Divestiture of Business	(41.2		)	—		—		—			(41.2		)
Impairments	7.6			1.3		1.1		—			10.0
Income From Operations	53.5			38.9		28.2		—			120.6
Depreciation and Amortization	15.5			4.9		13.9		—			34.3
Capital Expenditures	13.1			2.9		4.2		—			20.2

Three Months Ended March 31, 2018
External Sales	$	414.0		$	259.9	$	204.9	$	—		$	878.8
Intersegment Sales	15.1			5.5		4.6		(25.2		)	—
Total Sales	429.1			265.4		209.5		(25.2		)	878.8
Gross Profit	99.8			63.7		71.4		—			234.9
Operating Expenses	70.7			31.4		44.6		—			146.7
Income From Operations	29.1			32.3		26.8		—			88.2
Depreciation and Amortization	15.4			5.4		14.0		—			34.8
Capital Expenditures	11.0			4.5		3.8		—			19.3

The following table presents identifiable assets information attributable to the Company's operating segments as of March 30, 2019 and December 29, 2018 (in millions):



	Commercial and Industrial Systems		Climate Solutions		Power Transmission Solutions		Total
Identifiable Assets as of March 30, 2019	$	2,128.9	$	966.3	$	1,610.7	$	4,705.9
Identifiable Assets as of December 29, 2018	$	2,108.0	$	907.7	$	1,608.1	$	4,623.8