Business Segments

9 Months Ended

Oct. 01, 2016

Segment Reporting [Abstract]

Business Segments

BUSINESS SEGMENTS

The following sets forth certain financial information attributable to the Company's reporting segments as of and for the three and nine months ended October 1, 2016 and October 3, 2015 (in millions):

	Commercial and Industrial Systems		Climate Solutions		Power Transmission Solutions		Eliminations			Total
As of and for Three Months Ended October 1, 2016
External sales	$	389.4	$	250.5	$	169.7	$	—		$	809.6
Intersegment sales	10.8		5.7		1.1		(17.6		)	—
Total sales	400.2		256.2		170.8		(17.6		)	809.6
Gross profit	105.4		71.4		54.9		—			231.7
Operating expenses	69.2		29.2		43.5		—			141.9
Income from operations	36.2		42.2		11.4		—			89.8
Depreciation and amortization	17.7		4.9		15.0		—			37.6
Capital expenditures	9.6		2.6		2.2		—			14.4
Identifiable assets	1,920.2		924.4		1,632.5		—			4,477.1
As of and for Three Months Ended October 3, 2015
External sales	$	426.8	$	264.4	191.1		$	—		$	882.3
Intersegment sales	14.4		6.0		0.8		(21.2		)	—
Total sales	441.2		270.4		191.9		(21.2		)	882.3
Gross profit	110.3		70.8		60.0		—			241.1
Operating expenses	71.6		30.1		39.3		—			141.0
Income from operations	38.8		40.7		20.6		—			100.1
Depreciation and amortization	19.6		7.1		15.3		—			42.0
Capital expenditures	10.4		4.6		5.7		—			20.7
Identifiable assets	2,380.2		888.2		1,610.0		—			4,878.4

	Commercial and Industrial Systems		Climate Solutions		Power Transmission Solutions		Eliminations			Total
As of and for Nine Months Ended October 1, 2016
External sales	$	1,161.7	$	744.8	$	559.9	$	—		$	2,466.4
Intersegment sales	33.5		17.9		3.1		(54.5		)	—
Total sales	1,195.2		762.7		563.0		(54.5		)	2,466.4
Gross profit	295.2		192.3		184.5		—			672.0
Operating expenses	212.2		89.4		119.9		—			421.5
Income from operations	83.0		102.9		64.6		—			250.5
Depreciation and amortization	56.6		17.6		42.4		—			116.6
Capital expenditures	26.5		10.1		9.5		—			46.1
Identifiable assets	1,920.2		924.4		1,632.5		—			4,477.1
As of and for Nine Months Ended October 3, 2015
External sales	$	1,324.2	$	830.9	581.1		$	—		$	2,736.2
Intersegment sales	60.7		18.9		3.1		(82.7		)	—
Total sales	1,384.9		849.8		584.2		(82.7		)	2,736.2
Gross profit	336.8		207.5		169.1		—			713.4
Operating expenses	223.2		89.7		133.6		—			446.5
Income from operations	113.6		117.8		35.5		—			266.9
Depreciation and amortization	58.4		21.7		40.0		—			120.1
Capital expenditures	38.5		13.3		13.6		—			65.4
Identifiable assets	2,380.2		888.2		1,610.0		—			4,878.4

The Commercial and Industrial Systems segment produces medium and large electric motors, power generation products, high-performance drives and controls, and starters. Applications include general commercial and industrial equipment, commercial HVAC, power generation, and oil and gas.

The Climate Solutions segment produces small motors, controls and air moving solutions. Applications include residential and light commercial HVAC, commercial refrigeration and water heaters.

The Power Transmission Solutions segment produces power transmission gearing, hydraulic pump drives, large open gearing and specialty mechanical products. Applications include material handling, industrial equipment, energy and off-road equipment.

The Company evaluates performance based on each segment's income from operations. Corporate costs have been allocated to each segment based on the net sales of each segment. The reported external net sales of each segment are from external customers.