REVENUE Revenue (Tables)

3 Months Ended

Mar. 30, 2024

Apr. 01, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue by End Market Table

The following tables present our revenue disaggregated by end market.

For the Three Months Ended March 30, 2024	Motion Technologies		Industrial Process		Connect & Control Technologies		Eliminations		Total
Auto and rail	$	383.9	$	—	$	—	$	(0.1)	$	383.8
Chemical and industrial pumps	—		218.9		—		—		218.9
Energy	—		115.0		13.4		—		128.4
Aerospace and defense	1.7		—		104.1		—		105.8
General industrial	6.8		—		67.6		(0.7)		73.7
Total	$	392.4	$	333.9	$	185.1	$	(0.8)	$	910.6

For the Three Months Ended April 1, 2023
Auto and rail	$	356.0	$	—	$	—	$	—	$	356.0
Chemical and industrial pumps	—		218.0		—		—		218.0
Energy	—		48.5		10.2		—		58.7
Aerospace and defense	1.9		—		86.9		—		88.8
General industrial	6.9		—		70.5		(1.0)		76.4
Total	$	364.8	$	266.5	$	167.6	$	(1.0)	$	797.9

Net Contract Assets and Liabilities Table

The following table represents our net contract assets and liabilities.

As of the Period Ended	March 30, 2024		December 31, 2023
Current contract assets	$	40.4	$	25.8
Non-current contract assets	1.6		1.6
Current contract liabilities(a)	(126.6)		(95.9)
Non-current contract liabilities	(4.5)		(4.5)
Net contract liabilities	$	(89.1)	$	(73.0)

(a)The increase in current contract liabilities from December 31, 2023 to March 30, 2024 is driven by the acquisition of Svanehøj. Refer to Note 18, Acquisitions, for further information.