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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
As of March 31, 2024, the Company is comprised of four operating segments: Industrial Powertrain Solutions ("IPS"), Power Efficiency Solutions ("PES"), Automation & Motion Control ("AMC"), and Industrial Systems.

The IPS segment designs, produces and services a broad portfolio of highly-engineered power transmission products, including mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes and gear motors, clutches, brakes, and industrial powertrain components and solutions. Increasingly, the segment produces industrial
powertrain solutions, which are integrated sub-systems comprised of Regal Rexnord motors plus the critical power transmission components that efficiently transmit motion to power industrial applications. The segment serves a broad range of markets that include general industrial, metals & mining, agricultural and construction, food and beverage, energy, alternative energy and other markets.

The PES segment designs and produces fractional to approximately 5 horsepower AC and DC motors, electronic variable speed controls, electronic drives, fans and blowers, as well as integrated subsystems comprised of two or more of these components. The segment's products are used in residential and light commercial HVAC, water heater, commercial refrigeration, commercial building ventilation, pool and spa, irrigation, dewatering, agriculture and other applications.

The AMC segment designs, produces and services conveyor products, conveying automation subsystems, aerospace components, precision motion control solutions, high-efficiency miniature servo motors, controls, drives and linear actuators, as well as power management products that include automatic transfer switches and paralleling switchgear. The segment sells into markets that include industrial automation, robotics, food and beverage, aerospace, medical, agricultural and construction, general industrial, data center, and other markets.
The Industrial Systems segment designs and produces integral motors, alternators for industrial applications, along with aftermarket parts and kits to support such products. These products serve the general industrial, metals and mining, and food and beverage end markets. As described within Note 3 – Held for Sale, Acquisitions and Divestitures, the sale of the industrial motors and generators business was completed on April 30, 2024.
The Company evaluates performance based on the segment's income (loss) from operations. Corporate costs have been allocated to each segment based on the net sales of each segment. The reported external net sales of each segment are from external customers.
The following sets forth certain financial information attributable to the Company's operating segments for the three months ended March 31, 2024 and March 31, 2023:
Three Months Ended
March 31, 2024Industrial Powertrain SolutionsPower Efficiency SolutionsAutomation & Motion ControlIndustrial SystemsEliminationsTotal
External Sales$643.4 $385.3 $400.2 $118.8 $— $1,547.7 
Intersegment Sales2.9 5.1 4.6 0.3 (12.9)— 
  Total Sales646.3 390.4 404.8 119.1 (12.9)1,547.7 
Gross Profit264.8 99.3 159.9 29.1 — 553.1 
Operating Expenses182.7 70.8 119.7 24.5 — 397.7 
Loss on Assets Held for Sale— — — 21.5 — 21.5 
Total Operating Expenses182.7 70.8 119.7 46.0 — 419.2 
Income (Loss) from Operations82.1 28.5 40.2 (16.9)— 133.9 
Depreciation and Amortization70.2 11.6 45.9 0.5 — 128.2 
Capital Expenditures8.8 3.7 5.9 0.1 — 18.5 
March 31, 2023
External Sales$414.4 $469.5 $203.2 $137.0 $— $1,224.1 
Intersegment Sales3.5 4.2 5.2 0.7 (13.6)— 
  Total Sales417.9 473.7 208.4 137.7 (13.6)1,224.1 
Gross Profit177.4 117.7 75.4 27.6 — 398.1 
Operating Expenses151.5 72.3 80.6 24.8 — 329.2 
Total Operating Expenses151.5 72.3 80.6 24.8 — 329.2 
Income (Loss) from Operations25.9 45.4 (5.2)2.8 — 68.9 
Depreciation and Amortization41.6 11.7 19.7 3.5 — 76.5 
Capital Expenditures5.4 8.7 3.1 1.5 — 18.7 
The following table presents identifiable assets information attributable to the Company's operating segments as of March 31, 2024 and December 31, 2023:
Industrial Powertrain SolutionsPower Efficiency SolutionsAutomation & Motion ControlIndustrial SystemsTotal
Identifiable Assets as of March 31, 2024$7,838.1 $1,960.4 $4,836.6 $438.7 $15,073.8 
Identifiable Assets as of December 31, 20238,009.4 2,036.4 4,909.2 476.4 15,431.4