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OTHER FINANCIAL INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Accounting Standards Update and Change in Accounting Principle In addition, certain financial statement line items in our Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended October 2, 2021, Condensed Consolidated Statements of Cash Flows for the nine months ended October 2, 2021 and our Condensed Consolidated Balance Sheet as of January 1, 2022, were adjusted as follows (dollars in millions):
As Originally ReportedEffect of ChangeAs Adjusted
Condensed Consolidated Statement of Operations for the three months ended October 2, 2021
Cost of Sales$638.1 $(13.5)$624.6 
Provision for Income Taxes$17.8 $3.2 $21.0 
Net income attributable to Regal Rexnord Corporation$69.5 $10.3 $79.8 
Earnings Per Share Attributable to Regal Rexnord Corporation:
   Basic$1.71 $0.25 $1.96 
   Assuming Dilution$1.70 $0.25 $1.95 
Condensed Consolidated Statement of Operations for the nine months ended October 2, 2021
Cost of Sales$1,842.2 $(24.1)$1,818.1 
Provision for Income Taxes$57.2 $5.7 $62.9 
Net income attributable to Regal Rexnord Corporation$214.7 $18.4 $233.1 
Earnings Per Share Attributable to Regal Rexnord Corporation:
Basic$5.28 $0.45 $5.73 
Assuming Dilution$5.24 $0.45 $5.69 
Condensed Consolidated Balance Sheet as of January 1, 2022
Inventories$1,106.6 $85.8 $1,192.4 
Deferred Income Taxes$652.0 $27.7 $679.7 
Retained Earnings$1,854.5 $58.1 $1,912.6 
Condensed Consolidated Statement of Cash Flows for the nine months ended October 2, 2021
Net Income$219.3 $18.4 $237.7 
Change in Operating Assets and Liabilities$(113.0)$(18.4)$(131.4)
Condensed Consolidated Statement of Comprehensive Income for the three months ended October 2, 2021
Comprehensive income attributable to Regal Rexnord Corporation$39.9 $10.3 $50.2 
Condensed Consolidated Statement of Comprehensive Income for the nine months ended October 2, 2021
Comprehensive income attributable to Regal Rexnord Corporation$184.3 $18.4 $202.7 
Schedule of Percentage Distribution between Major Classes of Inventory The following table presents approximate percentage distribution between major classes of inventories inclusive of the accounting method change discussed above:
September 30, 2022January 1, 2022
Raw Material and Work in Process55.4%43.4%
Finished Goods and Purchased Parts44.6%56.6%
Schedule of Property, Plant, and Equipment by Major Classification
The following table presents property, plant, and equipment by major classification (dollars in millions):
Useful Life in YearsSeptember 30, 2022January 1, 2022
Land and Improvements$99.3 $109.1 
Buildings and Improvements
3 - 50
387.8 449.6 
Machinery and Equipment
3 - 15
1,102.5 1,164.8 
Property, Plant and Equipment1,589.6 1,723.5 
Less: Accumulated Depreciation(799.1)(815.0)
Net Property, Plant and Equipment$790.5 $908.5 
Schedule of Disaggregation of Revenue
The following tables presents the Company’s revenues disaggregated by geographical region (in millions):
Three Months Ended
September 30, 2022Commercial SystemsIndustrial SystemsClimate SolutionsMotion Control SolutionsTotal
North America$203.0 $95.2 $248.3 $444.9 $991.4 
Asia42.6 44.7 7.0 43.1 137.4 
Europe35.4 11.9 10.5 92.1 149.9 
Rest-of-World8.9 11.7 13.4 12.6 46.6 
Total$289.9 $163.5 $279.2 $592.7 $1,325.3 
October 2, 2021Commercial SystemsIndustrial SystemsClimate SolutionsMotion Control SolutionsTotal
North America$189.5 $74.8 $236.7 $165.1 $666.1 
Asia41.8 49.9 8.3 8.0 108.0 
Europe26.1 11.5 11.0 26.2 74.8 
Rest-of-World11.3 11.8 12.4 8.3 43.8 
Total$268.7 $148.0 $268.4 $207.6 $892.7 

Nine Months Ended
September 30, 2022Commercial SystemsIndustrial SystemsClimate SolutionsMotion Control SolutionsTotal
North America$619.7 $270.0 $741.1 $1,280.4 $2,911.2 
Asia129.4 121.7 25.2 115.9 392.2 
Europe102.0 37.5 38.2 293.1 470.8 
Rest-of-World34.0 33.7 42.1 89.2 199.0 
Total$885.1 $462.9 $846.6 $1,778.6 $3,973.2 
October 2, 2021Commercial SystemsIndustrial SystemsClimate SolutionsMotion Control SolutionsTotal
North America$519.7 $219.8 $673.1 $502.1 $1,914.7 
Asia141.3 140.0 25.3 22.3 328.9 
Europe77.5 35.2 30.9 74.8 218.4 
Rest-of-World36.5 34.6 35.5 25.1 131.7 
Total$775.0 $429.6 $764.8 $624.3 $2,593.7