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SEGMENT INFORMATION
 6 Months Ended
Jun. 29, 2024
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 CODM, 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 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.
Assets of our reportable segments exclude general corporate assets, which principally consist of cash, investments, deferred taxes, and certain property, plant and equipment. These assets are included within Corporate and Other, which is described further below.
Corporate and Other consists of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs, as well as charges related to certain matters, including environmental liabilities, that are managed at a corporate level and are not included in segment results when evaluating performance or allocating resources. In addition, Corporate and Other includes research and development-related expenses associated with a subsidiary that does not constitute a reportable segment.
The following table presents our revenue for each segment and reconciles our total segment revenue to total consolidated revenue.
 Three Months EndedSix Months Ended
June 29,
2024		July 1,
2023		June 29,
2024		July 1,
2023
Motion Technologies$384.5 $368.8 $776.9 $733.6 
Industrial Process330.7 293.6 664.6 560.1 
Connect & Control Technologies191.8 172.2 376.9 339.8 
Total segment revenue
907.0 834.6 1,818.4 1,633.5 
Eliminations(1.1)(0.7)(1.9)(1.7)
Total consolidated revenue
$905.9 $833.9 $1,816.5 $1,631.8 
The following table presents our operating income for each segment and reconciles our total segment operating income to income from continuing operations before income tax.
 Three Months EndedSix Months Ended
June 29,
2024		July 1,
2023		June 29,
2024		July 1,
2023
Motion Technologies$71.2 $57.7 $141.8 $111.1 
Industrial Process65.8 66.4 129.6 121.7 
Connect & Control Technologies35.4 28.4 68.1 57.8 
Total segment operating income
172.4 152.5 339.5 290.6 
Other corporate costs
(13.4)(10.5)(31.3)(24.3)
Interest and non-operating expense, net
(5.6)(2.5)(10.0)(6.0)
Income from continuing operations before income tax$153.4 $139.5 $298.2 $260.3 
The following table presents our operating margin for each segment. Segment operating margin is calculated as segment operating income divided by segment revenue.
 Three Months EndedSix Months Ended
June 29,
2024		July 1,
2023		June 29,
2024		July 1,
2023
Motion Technologies
18.5 %15.6 %18.3 %15.1 %
Industrial Process
19.9 %22.6 %19.5 %21.7 %
Connect & Control Technologies
18.5 %16.5 %18.1 %17.0 %
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
June 29,
2024		December 31,
2023		June 29,
2024		July 1,
2023		June 29,
2024		July 1,
2023
Motion Technologies$1,359.4 $1,366.6 $34.4 $29.9 $31.3 $32.3 
Industrial Process1,844.8 1,323.2 10.8 7.1 23.0 11.1 
Connect & Control Technologies820.1 834.6 5.3 8.3 10.4 9.2 
Corporate and Other386.0 408.2 0.4 1.0 1.3 1.2 
Total$4,410.3 $3,932.6 $50.9 $46.3 $66.0 $53.8