XML 30 R5.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 28, 2020
Dec. 28, 2019
Current Assets:    
Cash and Cash Equivalents $ 604.5 $ 331.4
Trade Receivables, Less Allowances of $12.1 Million in 2020 and $9.7 Million in 2019 464.0 461.4
Inventories 655.3 678.4
Prepaid Expenses and Other Current Assets 104.0 133.7
Assets Held for Sale 6.6 2.8
Total Current Assets 1,834.4 1,607.7
Net Property, Plant, and Equipment 570.3 605.0
Operating Lease Assets 71.4 71.0
Goodwill 1,494.0 1,501.3
Intangible Assets, Net of Amortization 552.8 567.2
Deferred Income Tax Benefits 41.8 58.4
Other Noncurrent Assets 21.2 20.1
Total Assets 4,585.9 4,430.7
Current Liabilities:    
Accounts Payable 340.3 337.0
Dividends Payable 12.1 12.2
Current Hedging Obligations 29.5 3.4
Accrued Compensation and Employee Benefits 63.2 67.3
Other Accrued Expenses 112.8 118.4
Current Operating Lease Liabilities 21.8 21.6
Current Maturities of Long-Term Debt 0.6 0.6
Total Current Liabilities 580.3 560.5
Long-Term Debt 1,364.3 1,136.9
Deferred Income Taxes 161.3 171.9
Noncurrent Hedging Obligations 7.0 1.2
Pension and Other Post Retirement Benefits 78.4 80.8
Noncurrent Operating Lease Liabilities 51.4 51.0
Other Noncurrent Liabilities 43.1 48.0
Contingencies (see Note 13)
Regal Beloit Corporation Shareholders' Equity:    
Common Stock, $0.01 par value, 100.0 Million Shares Authorized, 40.5 Million and 40.8 Million Shares Issued and Outstanding for 2020 and 2019, Respectively 0.4 0.4
Additional Paid-In Capital 692.5 701.8
Retained Earnings 1,903.8 1,886.7
Accumulated Other Comprehensive Loss (326.1) (237.8)
Total Regal Beloit Corporation Shareholders' Equity 2,270.6 2,351.1
Noncontrolling Interests 29.5 29.3
Total Equity 2,300.1 2,380.4
Total Liabilities and Equity $ 4,585.9 $ 4,430.7