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SEGMENT INFORMATION
 6 Months Ended
Jul. 02, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
The Company’s segments are reported on the same basis used by our Chief Executive Officer, who is also our chief operating decision maker, for evaluating performance and for allocating resources. Our three reportable segments are referred to as Motion Technologies, Industrial Process, and Connect & Control Technologies.
Motion Technologies manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation markets.
Industrial Process manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, energy, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts.
Connect & Control Technologies manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and energy markets.
Corporate and Other consists of corporate office expenses including compensation, benefits, occupancy, depreciation, certain acquisition- and investment-related due diligence, and other administrative costs, as well as charges related to certain matters, such as environmental liabilities, and, for 2021, asbestos-related impacts, that are managed at a corporate level and are not included in segment results when evaluating performance or allocating resources. Corporate and Other also includes research and development-related expenses associated with a subsidiary that does not constitute a reportable segment. Assets of the segments exclude general corporate assets, which principally consist of cash, investments, deferred taxes, and certain property, plant and equipment.
The following table presents our revenue, operating income, and operating margin for each segment.
 RevenueOperating IncomeOperating Margin
For the Three Months EndedJuly 2, 2022July 3, 2021July 2, 2022July 3, 2021July 2, 2022July 3, 2021
Motion Technologies$331.3 $343.6 $47.0 $64.7 14.2 %18.8 %
Industrial Process239.6 213.9 39.1 31.5 16.3 %14.7 %
Connect & Control Technologies163.2 134.5 28.2 17.9 17.3 %13.3 %
Eliminations(0.8)(0.4)— — — — 
Total segment results733.3 691.6 114.3 114.1 15.6 %16.5 %
Asbestos-related benefit, net(a)
— — — 76.8 — — 
Other Corporate costs— — (13.8)(11.3)— — 
Total Corporate and other costs— — (13.8)65.5 — — 
Total$733.3 $691.6 $100.5 $179.6 13.7 %26.0 %


 RevenueOperating IncomeOperating Margin
For the Six Months Ended
July 2, 2022July 3, 2021July 2, 2022July 3, 2021July 2, 2022July 3, 2021
Motion Technologies$701.4 $712.7 $106.7 $140.7 15.2 %19.7 %
Industrial Process441.8 416.2 59.5 62.5 13.5 %15.0 %
Connect & Control Technologies317.8 261.8 53.9 29.7 17.0 %11.3 %
Eliminations(1.5)(0.7)— — — — 
Total segment results1,459.5 1,390.0 220.1 232.9 15.1 %16.8 %
Asbestos-related benefit, net(a)
— — — 74.4 — — 
Other Corporate costs— — (25.0)(17.8)— — 
Total Corporate and other costs— — (25.0)56.6 — — 
Total$1,459.5 $1,390.0 $195.1 $289.5 13.4 %20.8 %
(a)The 2021 period includes a pre-tax gain of $88.8 resulting from the divestiture of the entity holding asbestos-related assets and liabilities. See Note 17, Commitments and Contingencies, for further information.
The following table presents our total assets, capital expenditures, and depreciation & amortization expense for each segment.
As of and for the Six Months Ended
Total AssetsCapital
Expenditures		Depreciation &
Amortization
July 2, 2022December 31, 2021July 2, 2022July 3, 2021July 2, 2022July 3, 2021
Motion Technologies$1,311.3 $1,272.8 $34.7 $27.8 $31.0 $31.8 
Industrial Process1,215.3 1,030.0 4.9 2.7 12.6 11.1 
Connect & Control Technologies725.2 719.3 4.2 3.9 9.7 11.3 
Corporate and Other448.1 543.3 3.7 0.7 2.0 3.0 
Total$3,699.9 $3,565.4 $47.5 $35.1 $55.3 $57.2