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HELD FOR SALE, DIVESTITURES AND ACQUISITIONS
9 Months Ended
Oct. 02, 2021
Business Combination and Asset Acquisition [Abstract]  
HELD FOR SALE, DIVESTITURES AND ACQUISITIONS HELD FOR SALE, DIVESTITURES AND ACQUISITIONS
Assets Held for Sale

The balances that were classified as Assets Held for Sale as of October 2, 2021 and January 2, 2021 were $11.4 million and $9.1 million, respectively.

Acquisition

On October 4, 2021, in accordance with the terms and conditions of the Agreement and Plan of Merger, dated February 15, 2021 (the "Merger Agreement"), the Company completed its combination with the Process & Motion Control business ("PMC Business") of Zurn Water Solutions Corporation (formerly known as Rexnord Corporation) ("Zurn") in a Reverse Morris Trust transaction (the “Rexnord Transaction”). See Note 17 for further discussion.