SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule Of Reportable Segments

The following sets forth certain financial information attributable to the Company's operating segments for the three and nine months ended September 30, 2022 and October 2, 2021 (in millions):

	Three Months Ended
September 30, 2022	Commercial Systems		Industrial Systems		Climate Solutions		Motion Control Solutions		Eliminations		Total
External Sales	$	289.9	$	163.5	$	279.2	$	592.7	$	—	$	1,325.3
Intersegment Sales	7.8		0.3		0.8		1.3		(10.2)		—
Total Sales	297.7		163.8		280.0		594.0		(10.2)		1,325.3
Gross Profit	78.2		40.2		61.2		228.1		—		407.7
Operating Expenses	38.7		24.5		29.8		140.8		—		233.8
Total Operating Expenses	38.7		24.5		29.8		140.8		—		233.8
Income from Operations	39.5		15.7		31.4		87.3		—		173.9
Depreciation and Amortization	7.2		3.3		4.4		59.2		—		74.1
Capital Expenditures	5.2		2.4		7.2		7.2		—		22.0
October 2, 2021
External Sales	$	268.7	$	148.0	$	268.4	$	207.6	$	—	$	892.7
Intersegment Sales	22.5		7.7		4.4		0.7		(35.3)		—
Total Sales	291.2		155.7		272.8		208.3		(35.3)		892.7
Gross Profit*	75.8		28.4		84.7		79.2		—		268.1
Operating Expenses	40.4		19.5		29.1		55.4		—		144.4
Asset Impairments	—		—		—		2.8		—		2.8
Total Operating Expenses	40.4		19.5		29.1		58.2		—		147.2
Income from Operations*	35.4		8.9		55.6		21.0		—		120.9
Depreciation and Amortization	7.2		5.8		4.4		13.1		—		30.5
Capital Expenditures	4.8		2.3		2.5		3.6		—		13.2

	Nine Months Ended
September 30, 2022	Commercial Systems		Industrial Systems		Climate Solutions		Motion Control Solutions		Eliminations		Total
External Sales	$	885.1	$	462.9	$	846.6	$	1,778.6	$	—	$	3,973.2
Intersegment Sales	18.3		0.8		3.3		3.9		(26.3)		—
Total Sales	903.4		463.7		849.9		1,782.5		(26.3)		3,973.2
Gross Profit	254.6		115.5		219.0		674.0		—		1,263.1
Operating Expenses	120.5		70.7		91.8		441.4		—		724.4
Total Operating Expenses	120.5		70.7		91.8		441.4		—		724.4
Income from Operations	134.1		44.8		127.2		232.6		—		538.7
Depreciation and Amortization	22.3		10.3		13.2		184.6		—		230.4
Capital Expenditures	14.0		6.6		16.1		17.9		—		54.6
October 2, 2021
External Sales	$	775.0	$	429.6	$	764.8	$	624.3	$	—	$	2,593.7
Intersegment Sales	59.9		18.7		13.8		2.2		(94.6)		—
Total Sales	834.9		448.3		778.6		626.5		(94.6)		2,593.7
Gross Profit*	212.1		83.8		235.6		244.1		—		775.6
Operating Expenses	118.7		65.7		86.8		161.7		—		432.9
Asset Impairments	1.8		—		0.5		2.8		—		5.1
Total Operating Expenses	120.5		65.7		87.3		164.5		—		438.0
Income from Operations*	91.6		18.1		148.3		79.6		—		337.6
Depreciation and Amortization	22.8		17.4		12.5		40.1		—		92.8
Capital Expenditures	12.6		8.0		8.7		8.2		—		37.5

Schedule of Reconciliation of Segment Assets

The following table presents identifiable assets information attributable to the Company's operating segments as of September 30, 2022 and January 1, 2022 (in millions):

	Commercial Systems		Industrial Systems		Climate Solutions		Motion Control Solutions		Total
Identifiable Assets as of September 30, 2022	$	1,256.8	$	874.1	$	1,005.0	$	7,113.1	$	10,249.0
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.