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SEGMENT INFORMATION (Tables)
3 Months Ended 9 Months Ended
Oct. 02, 2021
Oct. 02, 2021
Segment Reporting [Abstract]    
Reconciliation of Segment to Consolidated Results Table
 RevenueOperating IncomeOperating Margin
For the Three Months EndedOctober 2, 2021September 26, 2020October 2, 2021September 26, 2020October 2, 2021September 26, 2020
Motion Technologies$332.3 $271.8 $53.6 $50.4 16.1 %18.5 %
Industrial Process210.7 194.1 32.4 17.1 15.4 %8.8 %
Connect & Control Technologies147.1 125.9 25.2 16.4 17.1 %13.0 %
Eliminations(0.5)(0.6) —  — 
Total segment results689.6 591.2 111.2 83.9 16.1 %14.2 %
Asbestos-related costs, net(a)
 —  (141.4) — 
Other Corporate costs — (9.5)(5.0) — 
Total Corporate and other costs — (9.5)(146.4) — 
Total$689.6 $591.2 $101.7 $(62.5)14.7 %(10.6)%
 RevenueOperating IncomeOperating Margin
For the Nine Months Ended
October 2, 2021September 26, 2020October 2, 2021September 26, 2020October 2, 2021September 26, 2020
Motion Technologies$1,045.0 $769.0 $194.3 $113.9 18.6 %14.8 %
Industrial Process626.9 614.7 94.9 44.5 15.1 %7.2 %
Connect & Control Technologies408.9 387.5 54.9 40.7 13.4 %10.5 %
Eliminations(1.2)(2.0) —  — 
Total segment results2,079.6 1,769.2 344.1 199.1 16.5 %11.3 %
Asbestos-related benefit (costs), net(a)(b)
 — 74.4 (116.7) — 
Other Corporate costs — (27.3)(15.1) — 
Total Corporate and other benefit (costs) — 47.1 (131.8) — 
Total$2,079.6 $1,769.2 $391.2 $67.3 18.8 %3.8 %
(a)The 2020 period includes the impact of extending the net asbestos measurement over the full time period we expected claims to be filed against InTelCo Management LLC (InTelCo), the entity holding legacy asbestos-related assets and liabilities.
(b)The 2021 period includes a pre-tax gain of $88.8 resulting from the divestiture of InTelCo. See Note 19, Commitments and Contingencies, for further information.
Schedule of Segment Reporting Information  
As of and for the Nine Months Ended
Total AssetsCapital
Expenditures
Depreciation &
Amortization
October 2, 2021December 31, 2020October 2, 2021September 26, 2020October 2, 2021September 26, 2020
Motion Technologies$1,267.4 $1,202.3 $42.1 $32.0 $47.8 $44.5 
Industrial Process1,007.9 1,069.6 4.1 6.2 16.7 18.0 
Connect & Control Technologies721.7 720.5 5.3 8.4 16.6 17.5 
Corporate(c)
457.2 1,285.2 1.1 1.0 4.2 2.0 
Total$3,454.2 $4,277.6 $52.6 $47.6 $85.3 $82.0 
(c)The decrease in Corporate total assets as of October 2, 2021 is primarily due to the divestiture of InTelCo, which occurred on July 1, 2021 and included a cash contribution of $398 to fund the entity. See Note 19, Commitments and Contingencies, for further information.