SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 28, 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				Nine Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Motion Technologies	$	344.9	$	359.5	$	1,121.8	$	1,093.1
Industrial Process	333.8		279.8		998.4		839.9
Connect & Control Technologies	207.2		184.0		584.1		523.8
Total segment revenue	885.9		823.3		2,704.3		2,456.8
Eliminations	(0.7)		(1.2)		(2.6)		(2.9)
Total consolidated revenue	$	885.2	$	822.1	$	2,701.7	$	2,453.9

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				Nine Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Motion Technologies	$	110.0	$	59.4	$	251.8	$	170.5
Industrial Process	69.8		64.7		199.4		186.4
Connect & Control Technologies	38.1		33.2		106.2		91.0
Total segment operating income	217.9		157.3		557.4		447.9
Other corporate costs	(10.0)		(14.2)		(41.3)		(38.5)
Interest and non-operating expense, net	(8.2)		(1.4)		(18.2)		(7.4)
Income from continuing operations before income tax	$	199.7	$	141.7	$	497.9	$	402.0

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				Nine Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Motion Technologies	31.9	%	16.5	%	22.4	%	15.6	%
Industrial Process	20.9	%	23.1	%	20.0	%	22.2	%
Connect & Control Technologies	18.4	%	18.0	%	18.2	%	17.4	%

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 Nine Months Ended	Total Assets				Capital Expenditures				Depreciation & Amortization
	September 28, 2024		December 31, 2023		September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Motion Technologies	$	1,271.1	$	1,366.6	$	53.7	$	44.9	$	46.8	$	49.3
Industrial Process	1,897.5		1,323.2		24.5		10.6		34.9		16.7
Connect & Control Technologies	1,367.0		834.6		8.6		11.7		17.1		14.9
Corporate and Other	408.9		408.2		0.7		1.3		1.9		1.9
Total	$	4,944.5	$	3,932.6	$	87.5	$	68.5	$	100.7	$	82.8