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Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

The following sets forth certain financial information attributable to the Company's operating segments for fiscal 2022, fiscal 2021 and fiscal 2020, respectively:


	Commercial Systems		Industrial Systems		Climate Solutions		Motion Control Solutions		Eliminations		Total
Fiscal 2022
External Sales	$	1,145.4	$	616.0	$	1,081.8	$	2,374.7	$	—	$	5,217.9
Intersegment Sales	23.0		1.0		4.3		5.3		(33.6)		—
Total Sales	1,168.4		617.0		1,086.1		2,380.0		(33.6)		5,217.9
Gross Profit	328.2		152.7		282.9		905.9		—		1,669.7
Operating Expenses	162.5		97.7		121.7		596.5		—		978.4


Asset Impairments	—		—		—		0.9		—		0.9
Income from Operations	165.7		55.0		161.2		308.5		—		690.4
Depreciation and Amortization	29.3		13.8		17.6		246.7		—		307.4
Capital Expenditures	20.7		10.4		21.2		31.5		—		83.8
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*	274.2		107.6		312.3		417.5		—		1,111.6
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*	111.3		(13.4)		196.3		64.1		—		358.3
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*	212.8		94.6		246.9		252.3		—		806.6
Operating Expenses	144.9		91.6		115.5		160.9		—		512.9
Goodwill Impairment	—		10.5		—		—		—		10.5
Asset Impairments	2.8		0.2		1.3		1.0		—		5.3
Gain on Sale of Business	(0.1)		—		—		—		—		(0.1)
Income (Loss) from Operations*	65.2		(7.7)		130.1		90.4		—		278.0
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

The following table presents total identifiable assets attributable to the Company's operating segments as of December 31, 2022 and January 1, 2022:


	Commercial Systems		Industrial Systems		Climate Solutions		Motion Control Solutions		Total
Identifiable Assets as of December 31, 2022	$	1,253.5	$	886.0	$	980.6	$	7,148.8	$	10,268.9
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 3 for additional information.

Schedule of Financial Information Attributable To Geographic Regions

The following sets forth net sales by country in which the Company operates for fiscal 2022, fiscal 2021 and fiscal 2020, respectively:


	Net Sales
	2022		2021		2020
United States	$	3,332.5	$	2,364.7	$	1,885.1
Rest of the World	1,885.4		1,445.6		1,021.9
Total	$	5,217.9	$	3,810.3	$	2,907.0

The following sets forth net property, plant and equipment by country in which the Company operates for fiscal 2022 and fiscal 2021, respectively:


	Long-lived Assets
	2022		2021
United States	$	307.8	$	363.6
Mexico	200.4		204.6
China	79.4		91.2


Rest of the World	219.4		249.1
Total	$	807.0	$	908.5