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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Income Statement [Abstract]        
Net Sales $ 772.3 $ 925.4 $ 2,499.8 $ 2,763.9
Cost of Sales 570.4 682.8 1,829.3 2,039.0
Gross Profit 201.9 242.6 670.5 724.9
Operating Expenses 128.9 155.0 416.3 449.5
Loss (Gain) on Divestiture of Businesses 0.2 0.0 (45.2) 0.0
Goodwill Impairment 0.0 9.5 0.0 9.5
Asset Impairments 0.0 8.7 10.0 8.7
Total Operating Expenses 129.1 173.2 381.1 467.7
Income from Operations 72.8 69.4 289.4 257.2
Other Expenses, net 0.1 0.4 0.4 1.2
Interest Expense 13.5 13.7 40.5 40.9
Interest Income 1.5 1.0 4.0 1.8
Income before Taxes 60.7 56.3 252.5 216.9
Provision for Income Taxes 9.9 3.6 47.5 37.6
Net Income 50.8 52.7 205.0 179.3
Less: Net Income Attributable to Noncontrolling Interests 1.1 1.4 2.8 3.7
Net Income Attributable to Regal Beloit Corporation $ 49.7 $ 51.3 $ 202.2 $ 175.6
Earnings Per Share Attributable to Regal Beloit Corporation:        
Basic (in dollars per share) $ 1.20 $ 1.18 $ 4.78 $ 4.01
Assuming Dilution (in dollars per share) $ 1.19 $ 1.17 $ 4.75 $ 3.98
Weighted Average Number of Shares Outstanding:        
Basic (in shares) 41.5 43.4 42.3 43.8
Assuming Dilution (in shares) 41.7 43.8 42.6 44.1