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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 29, 2019
Segment Reporting [Abstract]  
Schedule Of Reportable Segments
The following sets forth certain financial information attributable to the Company's operating segments for the three and six months ended June 29, 2019 and June 30, 2018 (in millions):
 
Three Months Ended
 
Commercial and Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
 
Eliminations
 
Total
June 29, 2019
 
 
 
 
 
 
 
 
 
External Sales
$
401.8

 
$
267.9

 
$
204.0

 
$

 
$
873.7

Intersegment Sales
16.9

 
4.5

 
6.7

 
(28.1
)
 

  Total Sales
418.7

 
272.4

 
210.7

 
(28.1
)
 
873.7

Gross Profit
93.0

 
74.8

 
66.2

 

 
234.0

Operating Expenses
71.7

 
29.2

 
41.3

 

 
142.2

Loss (Gain) on Divestiture of Businesses
1.8

 
(6.1
)
 
0.1

 

 
(4.2
)
Income From Operations
19.5

 
51.7

 
24.8

 

 
96.0

Depreciation and Amortization
14.0

 
4.5

 
13.7

 

 
32.2

Capital Expenditures
18.2

 
9.7

 
8.1

 

 
36.0

 
 
 
 
 
 
 
 
 
 
June 30, 2018
 
 
 
 
 
 
 
 
 
External Sales
$
469.0

 
$
277.3

 
$
213.4

 
$

 
$
959.7

Intersegment Sales
12.5

 
5.8

 
7.4

 
(25.7
)
 

  Total Sales
481.5

 
283.1

 
220.8

 
(25.7
)
 
959.7

Gross Profit
105.7

 
72.9

 
68.8

 

 
247.4

Operating Expenses
75.2

 
28.9

 
43.7

 

 
147.8

Income From Operations
30.5

 
44.0

 
25.1

 

 
99.6

Depreciation and Amortization
17.2

 
5.2

 
13.8

 

 
36.2

Capital Expenditures
8.9

 
7.9

 
4.4

 

 
21.2


 
Six Months Ended
 
Commercial and Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
 
Eliminations
 
Total
June 29, 2019


 


 

 

 


External sales
$
782.1

 
$
531.2

 
$
414.2

 
$

 
$
1,727.5

Intersegment sales
31.2

 
8.9

 
12.6

 
(52.7
)
 

  Total sales
813.3

 
540.1

 
426.8

 
(52.7
)
 
1,727.5

Gross profit
182.4

 
145.5

 
140.7

 

 
468.6

Operating Expenses
141.2

 
59.7

 
86.5

 

 
287.4

(Gain) Loss on Divestiture of Businesses
(39.4
)
 
(6.1
)
 
0.1

 

 
(45.4
)
Impairments
7.6

 
1.3

 
1.1

 

 
10.0

Income from operations
73.0

 
90.6

 
53.0

 

 
216.6

Depreciation and amortization
29.5

 
9.4

 
27.6

 

 
66.5

Capital expenditures
31.3

 
12.6

 
12.3

 

 
56.2

 
 
 
 
 
 
 
 
 
 
June 30, 2018


 


 

 

 


External Sales
$
883.0

 
$
537.2

 
$
418.3

 
$

 
$
1,838.5

Intersegment sales
27.6

 
11.3

 
12.0

 
(50.9
)
 

  Total sales
910.6

 
548.5

 
430.3

 
(50.9
)
 
1,838.5

Gross profit
205.5

 
136.6

 
140.2

 

 
482.3

Operating Expenses
145.9

 
60.3

 
88.3

 

 
294.5

Income from operations
59.6

 
76.3

 
51.9

 

 
187.8

Depreciation and amortization
32.6

 
10.6

 
27.8

 

 
71.0

Capital expenditures
19.9

 
12.4

 
8.2

 

 
40.5


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

 
Commercial and Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
 
Total
Identifiable Assets as of June 29, 2019
$
2,119.8

 
$
952.5

 
$
1,588.0

 
$
4,660.3

Identifiable Assets as of December 29, 2018
$
2,108.0

 
$
907.7

 
$
1,608.1

 
$
4,623.8