SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 29, 2024

Segment Reporting [Abstract]

Reconciliation of Segment to Consolidated Results Table

The following table presents our revenue for each segment and reconciles our total segment revenue to total consolidated revenue.

	Three Months Ended				Six 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 Process	330.7		293.6		664.6		560.1
Connect & Control Technologies	191.8		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

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

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 Ended				Six 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 Process	65.8		66.4		129.6		121.7
Connect & Control Technologies	35.4		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

Segment Operating Margin

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 Ended				Six 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	%

Schedule of Segment Reporting 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 Assets				Capital 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 Process	1,844.8		1,323.2		10.8		7.1		23.0		11.1
Connect & Control Technologies	820.1		834.6		5.3		8.3		10.4		9.2
Corporate and Other	386.0		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