SEGMENT INFORMATION (Tables)

9 Months Ended

Oct. 03, 2026

Sep. 27, 2025

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 October 3, 2026	Flow Technologies		Motion Technologies		Connect & Control Technologies		Total
Revenue	$	764.3	$	363.7	$	313.9	$	1,441.9
Eliminations and Other							(1.3)
Consolidated revenue							$	1,440.6
Costs of revenue(a)	444.7		252.3		194.5
Selling, general and administrative expenses(a)	145.6		24.7		39.9
Research and development expenses(a)	11.5		11.5		12.0
Intangible amortization expenses(a)	57.8		0.2		3.2
Segment operating income	$	104.7	$	75.0	$	64.3	$	244.0
Corporate and Other							(17.2)
Interest expense							(45.0)
Interest income							3.3
Other non-operating income, net							1.2
Income from continuing operations before income tax							$	186.3

Nine Months Ended October 3, 2026	Flow Technologies		Motion Technologies		Connect & Control Technologies		Total
Revenue	$	2,094.3	$	1,146.8	$	888.1	$	4,129.2
Eliminations and Other							(3.6)
Consolidated revenue							$	4,125.6
Costs of revenue(a)	1,292.8		793.4		553.9
Selling, general and administrative expenses(a)	381.0		74.5		114.5
Research and development expenses(a)	30.6		37.7		35.7
Intangible amortization expenses(a)	140.2		0.7		9.6
Segment operating income	$	249.7	$	240.5	$	174.4	$	664.6
Corporate and Other							(116.2)
Interest expense							(119.4)
Interest income							17.5
Other non-operating income, net							3.8
Income from continuing operations before income tax							$	450.3

Three Months Ended September 27, 2025	Flow Technologies		Motion Technologies		Connect & Control Technologies		Total
Revenue	$	383.9	$	355.6	$	259.2	$	998.7
Eliminations and Other							0.4
Consolidated revenue							$	999.1
Costs of revenue(a)	231.2		245.5		163.2
Selling, general and administrative expenses(a)	61.7		28.2		33.7
Research and development expenses(a)	5.0		11.9		9.1
Intangible amortization expenses(a)	3.9		0.2		7.0
Segment operating income	$	82.1	$	69.8	$	46.2	$	198.1
Corporate and Other							(18.3)
Interest expense							(11.7)
Interest income							1.5
Other non-operating income, net							2.9
Income from continuing operations before income tax							$	172.5
Nine Months Ended September 27, 2025
Revenue	$	1,073.1	$	1,067.4	$	745.8	$	2,886.3
Eliminations and Other							(1.8)
Consolidated revenue							$	2,884.5
Costs of revenue(a)	640.8		739.4		473.2
Selling, general and administrative expenses(a)	180.3		83.8		97.4
Research and development expenses(a)	14.7		35.0		27.1
Intangible amortization expenses(a)	15.1		0.6		21.0
Segment operating income	$	222.2	$	208.6	$	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

(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
	October 3, 2026		September 27, 2025		October 3, 2026		September 27, 2025
Flow Technologies(a)	13.7	%	21.4	%	11.9	%	20.7	%
Motion Technologies	20.6	%	19.6	%	21.0	%	19.5	%
Connect & Control Technologies	20.5	%	17.8	%	19.6	%	17.0	%

(a)Operating margin for Flow Technologies decreased for the three and nine months ended October 3, 2026 primarily due to acquisition-related impacts associated with the SPX FLOW acquisition.

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
	October 3, 2026		December 31, 2025		October 3, 2026		September 27, 2025		October 3, 2026		September 27, 2025
Flow Technologies(b)	$	7,810.9	$	1,993.2	$	24.0	$	15.2	$	170.9	$	28.5
Motion Technologies	1,263.6		1,257.3		40.7		52.5		45.7		44.2
Connect & Control Technologies	1,429.8		1,332.5		18.3		11.4		22.4		32.7
Corporate and Other(c)	345.6		1,727.4		1.2		1.8		4.0		2.5
Total	$	10,849.9	$	6,310.4	$	84.2	$	80.9	$	243.0	$	107.9