SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2023

The following sets forth certain financial information attributable to the Company's operating segments, recast as described above, for the three and nine months ended September 30, 2023 and September 30, 2022:


	Three Months Ended
September 30, 2023	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Eliminations		Total
External Sales	$	640.7	$	461.3	$	419.8	$	128.0	$	—	$	1,649.8
Intersegment Sales	3.6		3.1		4.2		0.6		(11.5)		—
Total Sales	644.3		464.4		424.0		128.6		(11.5)		1,649.8
Gross Profit	215.8		138.0		161.2		27.2		—		542.2
Operating Expenses	175.1		71.5		117.6		24.7		—		388.9
Goodwill Impairment	—		—		—		57.3		—		57.3
Asset Impairments	1.3		1.5		0.5		0.4		—		3.7
Loss on Assets Held for Sale	—		—		—		112.7		—		112.7
Total Operating Expenses	176.4		73.0		118.1		195.1		—		562.6
Income (Loss) from Operations	39.4		65.0		43.1		(167.9)		—		(20.4)
Depreciation and Amortization	75.9		15.8		46.1		3.1		—		140.9
Capital Expenditures	5.8		8.1		9.8		1.5		—		25.2

September 30, 2022
External Sales	$	415.6	$	569.1	$	192.6	$	148.0	$	—	$	1,325.3
Intersegment Sales	1.9		2.9		5.6		0.4		(10.8)		—
Total Sales	417.5		572.0		198.2		148.4		(10.8)		1,325.3
Gross Profit	169.7		139.4		64.3		34.3		—		407.7
Operating Expenses	97.8		68.5		45.0		22.5		—		233.8



Total Operating Expenses	97.8		68.5		45.0		22.5		—		233.8
Income from Operations	71.9		70.9		19.3		11.8		—		173.9
Depreciation and Amortization	41.6		11.6		17.8		3.1		—		74.1
Capital Expenditures	4.3		12.4		1.3		4.0		—		22.0


	Nine Months Ended
September 30, 2023	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Eliminations		Total
External Sales	$	1,753.8	$	1,390.9	$	1,096.1	$	401.7	$	—	$	4,642.5
Intersegment Sales	11.5		10.8		15.3		2.0		(39.6)		—
Total Sales	1,765.3		1,401.7		1,111.4		403.7		(39.6)		4,642.5
Gross Profit	617.6		389.5		412.8		84.2		—		1,504.1
Operating Expenses	510.5		217.8		323.7		75.9		—		1,127.9
Goodwill Impairment	—		—		—		57.3		—		57.3
Asset Impairments	1.6		1.5		2.6		0.4		—		6.1
Loss on Assets Held for Sale	—		—		—		112.7		—		112.7
Total Operating Expenses	512.1		219.3		326.3		246.3		—		1,304.0
Income (Loss) from Operations	105.5		170.2		86.5		(162.1)		—		200.1
Depreciation and Amortization	191.9		39.3		113.4		9.8		—		354.4
Capital Expenditures	30.9		25.2		27.2		5.4		—		88.7

September 30, 2022
External Sales	$	1,254.0	$	1,731.7	$	571.0	$	416.5	$	—	$	3,973.2
Intersegment Sales	5.3		8.0		12.5		1.4		(27.2)		—
Total Sales	1,259.3		1,739.7		583.5		417.9		(27.2)		3,973.2
Gross Profit	491.7		473.6		197.9		99.9		—		1,263.1
Operating Expenses	304.7		212.3		144.1		63.3		—		724.4



Total Operating Expenses	304.7		212.3		144.1		63.3		—		724.4
Income from Operations	187.0		261.3		53.8		36.6		—		538.7
Depreciation and Amortization	128.3		35.5		56.4		10.2		—		230.4
Capital Expenditures	11.8		30.1		4.6		8.1		—		54.6

The following table presents identifiable assets information attributable to the Company's operating segments, recast as described above, as of September 30, 2023 and December 31, 2022:


	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
Identifiable Assets as of September 30, 2023	$	7,969.8	$	2,043.4	$	4,888.4	$	463.4	$	15,365.0
Identifiable Assets as of December 31, 2022	5,028.5		2,234.1		2,202.2		804.1		10,268.9