Segment Information (Tables)

12 Months Ended

Jan. 01, 2022

Schedule Change in Accounting Policy Related to LIFO

The effect of the change in accounting policy related to LIFO as discussed in Note 3 for fiscal 2020 and 2019 on a per quarter basis is as follows (in millions):


	Commercial Systems
	2019 Fiscal Quarter								2019		2020 Fiscal Quarter
	1st		2nd		3rd		4th		Total		1st		2nd		3rd
Gross Profit As Reported	$	65.5	$	65.2	$	53.6	$	48.6	$	232.9	$	50.7	$	42.3	$	61.4
Adjustment for Change in Accounting Principle	1.6		(1.2)		0.3		3.0		3.7		(0.4)		—		(0.7)
Gross Profit Adjusted for Change in Accounting Principle	$	67.1	$	64.0	$	53.9	$	51.6	$	236.6	$	50.4	$	42.3	$	60.7
Income from Operations as Adjusted for Change in Accounting Principle	$	59.4	$	19.6	$	16.9	$	10.9	$	106.8	$	12.1	$	6.2	$	24.6

	Industrial Systems
	2019 Fiscal Quarter								2019		2020 Fiscal Quarter
	1st		2nd		3rd		4th		Total		1st		2nd		3rd
Gross Profit As Reported	$	23.9	$	27.8	$	23.7	$	24.0	$	99.3	$	22.6	$	24.9	$	31.2
Adjustment for Change in Accounting Principle	(1.6)		1.2		(0.3)		(3.0)		(3.7)		0.4		—		0.7
Gross Profit Adjusted for Change in Accounting Principle	$	22.3	$	29.0	$	23.4	$	21.0	$	95.6	$	23.0	$	24.8	$	31.9
Income (Loss) from Operations as Adjusted for Change in Accounting Principle	$	(5.9)	$	(0.1)	$	(2.6)	$	(4.4)	$	(13.0)	$	(0.1)	$	3.2	$	7.3

Schedule of Financial Information Attributable To The Reporting Segments

The following sets forth certain financial information attributable to the Company's operating segments for fiscal 2021, fiscal 2020 and fiscal 2019, respectively (in millions):


	Commercial Systems		Industrial Systems		Climate Solutions		Motion Control Solutions		Eliminations		Total
Fiscal 2021
External Sales	$	1,032.1	$	576.3	$	1,030.6	$	1,171.3	$	—	$	3,810.3
Intersegment Sales	88.7		26.6		19.1		4.1		(138.5)		—
Total Sales	1,120.8		602.9		1,049.7		1,175.4		(138.5)		3,810.3
Gross Profit	262.4		106.9		305.1		411.3		—		1,085.7
Operating Expenses	161.1		88.0		115.5		350.1		—		714.7
Goodwill Impairment	—		33.0		—		—		—		33.0

Asset Impairments	1.8		—		0.5		3.3		—		5.6
Income (Loss) from Operations	99.5		(14.1)		189.1		57.9		—		332.4
Depreciation and Amortization	29.9		23.2		16.5		101.0		—		170.6
Capital Expenditures	17.8		9.5		11.7		15.5		—		54.5
Fiscal 2020
External Sales	$	820.2	$	528.8	$	846.8	$	711.2	$	—	$	2,907.0
Intersegment Sales	62.5		27.7		18.8		2.5		(111.5)		—
Total Sales	882.7		556.5		865.6		713.7		(111.5)		2,907.0
Gross Profit	212.7		97.8		246.8		251.4		—		808.7
Operating Expenses	144.9		91.6		115.5		160.9		—		512.9
Goodwill Impairment	—		10.5		—		—		—		10.5
Gain on Sale of Business	(0.1)		—		—		—		—		(0.1)
Asset Impairments	2.8		0.2		1.3		1.0		—		5.3
Income (Loss) from Operations	65.1		(4.5)		130.0		89.5		—		280.1
Depreciation and Amortization	32.6		23.9		19.6		55.3		—		131.4
Capital Expenditures	15.3		8.1		12.1		12.0		—		47.5
Fiscal 2019
External Sales	$	905.3	$	575.4	$	968.5	$	788.8	$	—	$	3,238.0
Intersegment Sales	46.9		35.9		17.4		4.3		(104.5)		—
Total Sales	952.2		611.3		985.9		793.1		(104.5)		3,238.0
Gross Profit	236.6		95.6		269.8		258.7		—		860.7
Operating Expenses	162.4		107.6		110.6		163.7		—		544.3

Asset Impairments	6.7		0.9		1.3		1.1		—		10.0
(Gain) Loss on Sale of Businesses	(39.3)		0.1		(6.0)		0.5		—		(44.7)
Income (Loss) from Operations	106.8		(13.0)		163.9		93.4		—		351.1
Depreciation and Amortization	34.6		24.4		19.8		55.7		—		134.5
Capital Expenditures	29.9		21.0		23.3		18.2		—		92.4

The following table presents identifiable assets information attributable to the Company's operating segments. The table presents identifiable assets information as of January 1, 2022 and January 2, 2021 (in millions):


	Commercial Systems		Industrial Systems		Climate Solutions		Motion Control Solutions		Total
Identifiable Assets as of January 1, 2022	$	1,229.1	$	832.6	$	971.6	$	7,248.3	$	10,281.6
Identifiable Assets as of January 2, 2021	1,319.6		837.5		890.4		1,541.5		4,589.0

Schedule of Financial Information Attributable To Geographic Regions

The following sets forth net sales by country in which the Company operates for fiscal 2021, fiscal 2020 and fiscal 2019, respectively (in millions):


	Net Sales
	2021		2020		2019
United States	$	2,364.7	$	1,885.1	$	2,071.9
Rest of the World	1,445.6		1,021.9		1,166.1
Total	$	3,810.3	$	2,907.0	$	3,238.0

The following sets forth net property, plant and equipment by country in which the Company operates for fiscal 2021 and fiscal 2020, respectively (in millions):


	Long-lived Assets
	2021		2020
United States	$	363.6	$	200.5
Mexico	204.6		141.2
China	91.2		85.7
Rest of the World	249.1		128.1
Total	$	908.5	$	555.5