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Accounting Policies (Tables)
 12 Months Ended
Dec. 28, 2019
Accounting Policies [Abstract]  
Disaggregation of Revenue
The following table presents the Company’s revenues disaggregated by geographical region for the fiscal year ended December 28, 2019 and December 29, 2018, respectively, (in millions):
December 28, 2019
Commercial Systems
 
Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
 
Total
North America
$
643.0

 
$
313.5

 
$
848.6

 
$
639.9

 
$
2,445.0

Asia
107.2

 
167.0

 
37.7

 
30.4

 
342.3

Europe
135.5

 
49.2

 
40.5

 
91.5

 
316.7

Rest-of-World
19.6

 
45.7

 
41.7

 
27.0

 
134.0

Total
$
905.3

 
$
575.4

 
$
968.5

 
$
788.8

 
$
3,238.0


December 29, 2018
Commercial Systems
 
Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
 
Total
North America
$
813.6

 
$
360.0

 
$
891.9

 
$
686.4

 
$
2,751.9

Asia
142.7

 
194.8

 
39.5

 
24.1

 
401.1

Europe
122.1

 
55.1

 
50.5

 
96.9

 
324.6

Rest-of-World
32.5

 
61.2

 
42.9

 
31.4

 
168.0

Total
$
1,110.9

 
$
671.1

 
$
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 28, 2019
 
December 29, 2018
Raw Material and Work in Process
48.0%
 
45.0%
Finished Goods and Purchased Parts
52.0%
 
55.0%
Property, Plant and Equipment

Property, plant and equipment by major classification was as follows (in millions):
 
Useful Life (In Years)
 
December 28, 2019
 
December 29, 2018
 
 
Land and Improvements
 
 
$
80.3

 
$
82.1

Buildings and Improvements
3-50
 
305.2

 
302.8

Machinery and Equipment
3-15
 
988.2

 
971.9

  Property, Plant and Equipment
 
 
1,373.7

 
1,356.8

Less: Accumulated Depreciation
 
 
(768.7
)
 
(741.3
)
  Net Property, Plant and Equipment
 
 
$
605.0

 
$
615.5
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):
 
2019
 
2018
 
2017
Denominator for Basic Earnings Per Share
42.0

 
43.6

 
44.6

Effect of Dilutive Securities
0.2

 
0.3

 
0.3

Denominator for Diluted Earnings Per Share
42.2

 
43.9

 
44.9
Accumulated Other Comprehensive Loss
The components of the ending balances of AOCI are as follows (in millions):
 
2019
 
2018
Foreign Currency Translation Adjustments
$
(214.8
)
 
$
(207.8
)
Hedging Activities, Net of Tax of $2.5 in 2019 and $(1.7) in 2018
8.0

 
(5.4
)
Pension and Post Retirement Benefits, Net of Tax of $(9.5) in 2019 and $(11.8) in 2018
(31.0
)
 
(38.2
)
Total
$
(237.8
)
 
$
(251.4
)