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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 03, 2021
Jan. 02, 2021
Current Assets:    
Cash and Cash Equivalents $ 618.5 $ 611.3
Trade Receivables, Less Allowances of $18.4 Million and $18.3 Million in 2021 and 2020, Respectively 558.0 432.0
Inventories 759.2 690.3
Prepaid Expenses and Other Current Assets 141.0 108.6
Assets Held for Sale 7.5 9.1
Total Current Assets 2,084.2 1,851.3
Net Property, Plant and Equipment 534.1 555.5
Operating Lease Assets 71.8 73.4
Goodwill 1,511.8 1,518.2
Intangible Assets, Net of Amortization 504.9 530.3
Deferred Income Tax Benefits 45.3 43.9
Other Noncurrent Assets 21.6 16.4
Total Assets 4,773.7 4,589.0
Current Liabilities:    
Accounts Payable 461.4 360.1
Dividends Payable 13.4 12.2
Accrued Compensation and Employee Benefits 77.4 76.6
Other Accrued Expenses 133.7 120.5
Current Operating Lease Liabilities 22.0 21.6
Current Maturities of Long-Term Debt 230.9 231.0
Total Current Liabilities 938.8 822.0
Long-Term Debt 789.0 840.4
Deferred Income Taxes 175.3 172.0
Pension and Other Post Retirement Benefits 63.7 69.5
Noncurrent Operating Lease Liabilities 53.2 55.1
Other Noncurrent Liabilities 57.2 53.0
Contingencies (see Note 13)
Regal Beloit Corporation Shareholders' Equity:    
Common Stock, $0.01 par value, 100.0 Million Shares Authorized, 40.7 Million and 40.6 Million Shares Issued and Outstanding for 2021 and 2020, Respectively 0.4 0.4
Additional Paid-In Capital 698.4 696.6
Retained Earnings 2,130.3 2,010.7
Accumulated Other Comprehensive Loss (164.1) (163.3)
Total Regal Beloit Corporation Shareholders' Equity 2,665.0 2,544.4
Noncontrolling Interests 31.5 32.6
Total Equity 2,696.5 2,577.0
Total Liabilities and Equity $ 4,773.7 $ 4,589.0