Accounting Policies (Tables)

12 Months Ended

Dec. 29, 2018

Accounting Policies [Abstract]

Disaggregation of Revenue

The following table presents the Company’s revenues disaggregated by geographical region for the fiscal year ended December 29, 2018 (in millions):

	Commercial and Industrial Systems		Climate Solutions		Power Transmission Solutions		Total
North America	$	1,173.5	$	891.9	$	686.4	$	2,751.8
Asia	269.6		39.5		24.1		333.2
Europe	177.2		50.5		96.9		324.6
Rest-of-World	161.7		42.9		31.4		236.0
Total	$	1,782.0	$	1,024.8	$	838.8	$	3,645.6

Percentage Distribution Between Major Classes of Inventory

The major classes of inventory at year end are as follows:

	December 29, 2018	December 30, 2017
Raw Material and Work in Process	45%	47%
Finished Goods and Purchased Parts	55%	53%

Assets and Liabilities of Businesses Held for Sale

The table below presents the balances that were classified as Assets of Businesses Held for Sale and Liabilities of Businesses Held for Sale as of December 29, 2018 (in millions):

	December 29, 2018
Trade Receivables	$	19.2
Inventories	34.7
Prepaid Expenses and Other Current Assets	5.0
Property, Plant and Equipment	19.9
Intangible Assets	12.0
Goodwill	1.3
Assets of Businesses Held for Sale	$	92.1
Accounts Payable	$	8.1
Accrued Compensation and Employee Benefits	0.5
Other Accrued Expenses	7.3
Other Noncurrent Liabilities	1.1
Liabilities of Businesses Held for Sale	$	17.0

Property, Plant and Equipment

Property, plant and equipment by major classification was as follows (in millions):

	Useful Life (In Years)	December 29, 2018			December 30, 2017
Land and Improvements		$	82.1		$	78.2
Buildings and Improvements	3-50	302.8			294.5
Machinery and Equipment	3-15	971.9			986.8
Property, Plant and Equipment		1,356.8			1,359.5
Less: Accumulated Depreciation		(741.3		)	(736.5		)
Net Property, Plant and Equipment		$	615.5		$	623.0

Earnings Per Share Reconciliation

The following table reconciles the basic and diluted shares used in earnings per share calculations for the fiscal years ended (in millions):

	2018	2017	2016
Denominator for Basic Earnings Per Share	43.6	44.6	44.7
Effect of Dilutive Securities	0.3	0.3	0.3
Denominator for Diluted Earnings Per Share	43.9	44.9	45.0

Accumulated Other Comprehensive Loss

The components of the ending balances of AOCI are as follows (in millions):

	2018			2017
Foreign Currency Translation Adjustments	$	(207.8	)	$	(140.0	)
Hedging Activities, Net of Tax of $(1.7) in 2018 and $5.4 in 2017	(5.4		)	8.6
Pension and Post Retirement Benefits, Net of Tax of $(11.8) in 2018 and $(18.8) in 2017	(38.2		)	(32.6		)
Total	$	(251.4	)	$	(164.0	)