SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 27, 2025

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 September 27, 2025	Motion Technologies		Industrial Process		Connect & Control Technologies		Total
Revenue	$	355.6	$	383.9	$	259.2	$	998.7
Other / Eliminations							0.4
Consolidated revenue							$	999.1
Costs of revenue(a)	245.5		231.2		166.7
Selling, general and administrative expenses(a)	28.4		64.2		36.9
Research and development expenses(a)	11.9		6.4		9.4
Segment operating income	$	69.8	$	82.1	46.2		$	198.1
Corporate and other							(18.3)
Interest expense							(11.7)
Interest income							1.5
Other non-operating expense, net							2.9
Income from continuing operations before income tax							$	172.5
Nine Months Ended September 27, 2025
Revenue	$	1,067.4	$	1,073.1	$	745.8	$	2,886.3
Other / Eliminations							(1.8)
Consolidated revenue							$	2,884.5
Costs of revenue(a)	739.4		644.7		483.7
Selling, general and administrative expenses(a)	84.4		187.4		107.0
Research and development expenses(a)	35.0		18.8		28.0
Segment operating income	$	208.6	$	222.2	$	127.1	$	557.9
Corporate and other							(52.1)
Interest expense							(33.6)
Interest income							5.6
Other non-operating income, net							3.2
Income from continuing operations before income tax							$	481.0

Three Months Ended September 28, 2024	Motion Technologies		Industrial Process		Connect & Control Technologies		Total
Revenue	$	344.9	$	333.8	$	207.2	$	885.9
Other / Eliminations							(0.7)
Consolidated revenue							$	885.2
Costs of revenue(a)	240.8		200.6		130.3
Selling, general and administrative expenses(a)	29.5		56.4		30.0
Research and development expenses(a)	12.4		6.3		8.8
Gain on sale of businesses	(47.8)		—		—
Segment operating income	$	110.0	$	70.5	$	38.1	$	218.6
Corporate and other							(10.0)
Interest expense							(10.0)
Interest income							1.6
Other non-operating income, net							0.2
Income from continuing operations before income tax							$	200.4
Nine Months Ended September 28, 2024
Revenue	$	1,121.8	$	998.4	$	584.1	$	2,704.3
Other / Eliminations							(2.6)
Consolidated revenue							$	2,701.7
Costs of revenue(a)	787.0		615.7		368.9
Selling, general and administrative expenses(a)	89.8		163.2		83.1
Research and development expenses(a)	41.0		18.0		25.9
Gain on sale of businesses	(47.8)		—		—
Segment operating income	$	251.8	$	201.5	$	106.2	$	559.5
Corporate and other							(41.3)
Interest expense							(25.1)
Interest income							5.0
Other non-operating income, net							1.9
Income from continuing operations before income tax							$	500.0

(a)The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM.

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 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Motion Technologies	19.6	%	31.9	%	19.5	%	22.4	%
Industrial Process	21.4	%	21.1	%	20.7	%	20.2	%
Connect & Control Technologies	17.8	%	18.4	%	17.0	%	18.2	%

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 27, 2025		December 31, 2024		September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Motion Technologies	$	1,309.4	$	1,186.6	$	52.5	$	53.7	$	44.2	$	46.8
Industrial Process	2,030.9		1,819.8		15.2		24.5		28.5		34.9
Connect & Control Technologies	1,329.8		1,326.8		11.4		8.6		32.7		17.1
Corporate and Other	390.2		398.1		1.8		0.7		2.5		1.9
Total	$	5,060.3	$	4,731.3	$	80.9	$	87.5	$	107.9	$	100.7