XML 462 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
Income Statement [Abstract]      
Net Sales $ 3,810.3 $ 2,907.0 $ 3,238.0
Cost of Sales 2,724.6 2,098.3 2,377.3
Gross Profit 1,085.7 808.7 860.7
Operating Expenses 714.7 512.9 544.3
Goodwill Impairment 33.0 10.5 0.0
Asset Impairments 5.6 5.3 10.0
Gain on Sale of Businesses 0.0 (0.1) (44.7)
Total Operating Expenses 753.3 528.6 509.6
Income from Operations 332.4 280.1 351.1
Other (Income) Expenses, net (5.2) (4.4) (0.1)
Interest Expense 60.4 39.8 53.0
Interest Income 7.4 5.9 5.6
Income before Taxes 284.6 250.6 303.8
Provision for Income Taxes 68.5 56.8 61.2
Net Income 216.1 193.8 242.6
Less: Net Income Attributable to Noncontrolling Interests 6.2 4.5 3.7
Net Income Attributable to Regal Rexnord Corporation $ 209.9 $ 189.3 $ 238.9
Earnings Per Share Attributable to Regal Rexnord Corporation:      
Basic (in dollars per share) $ 4.44 $ 4.66 $ 5.69
Assuming Dilution (in dollars per share) $ 4.40 $ 4.64 $ 5.66
Weighted Average Number of Shares Outstanding:      
Basic (in shares) 47.3 40.6 42.0
Assuming Dilution (in shares) 47.7 40.8 42.2