SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2022

The following sets forth certain financial information attributable to the Company's operating segments for the three months ended March 31, 2022 and April 3, 2021 (in millions):


	Three Months Ended
March 31, 2022	Commercial Systems		Industrial Systems		Climate Solutions		Motion Control Solutions		Eliminations		Total
External Sales	$	293.3	$	144.7	$	273.9	$	586.6	$	—	$	1,298.5
Intersegment Sales	28.2		7.3		4.8		1.9		(42.2)		—
Total Sales	321.5		152.0		278.7		588.5		(42.2)		1,298.5
Gross Profit	94.3		31.3		83.2		213.1		—		421.9
Operating Expenses	41.4		23.4		31.7		155.5		—		252.0


Total Operating Expenses	41.4		23.4		31.7		155.5		—		252.0
Income from Operations	52.9		7.9		51.5		57.6		—		169.9
Depreciation and Amortization	7.7		3.6		4.4		62.2		—		77.9
Capital Expenditures	3.6		1.5		4.3		4.0		—		13.4

April 3, 2021
External Sales	$	237.0	$	136.4	$	239.1	$	201.6	$	—	$	814.1
Intersegment Sales	17.5		3.7		4.3		0.7		(26.2)		—
Total Sales	254.5		140.1		243.4		202.3		(26.2)		814.1
Gross Profit*	66.8		28.0		75.4		79.6		—		249.8
Operating Expenses	38.0		23.1		30.7		56.5		—		148.3



Total Operating Expenses	38.0		23.1		30.7		56.5		—		148.3
Income from Operations*	28.8		4.9		44.7		23.1		—		101.5
Depreciation and Amortization	7.8		5.9		4.5		13.6		—		31.8
Capital Expenditures	3.3		2.4		3.2		1.8		—		10.7

Schedule of Reconciliation of Segment Assets

The following table presents identifiable assets information attributable to the Company's operating segments as of March 31, 2022 and January 1, 2022 (in millions):


	Commercial Systems		Industrial Systems		Climate Solutions		Motion Control Solutions		Total
Identifiable Assets as of March 31, 2022	$	1,306.1	$	874.1	$	1,006.0	$	7,284.9	$	10,471.1
Identifiable Assets as of January 1, 2022*	1,264.0		859.9		982.7		7,260.8		10,367.4

*Includes the retrospective effect of changing accounting methods for valuing certain inventories to the FIFO cost method from the LIFO cost method. See Note 2 for additional information.