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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Income Statement [Abstract]        
Net Sales $ 634.1 $ 873.7 $ 1,368.3 $ 1,727.5
Cost of Sales 463.8 639.7 994.7 1,258.9
Gross Profit 170.3 234.0 373.6 468.6
Operating Expenses 121.6 142.2 253.5 287.4
Gain on Divestiture of Businesses 0.0 (4.2) (0.1) (45.4)
Asset Impairments 2.8 0.0 4.3 10.0
Total Operating Expenses 124.4 138.0 257.7 252.0
Other (Income) Expenses, net 45.9 96.0 115.9 216.6
Other (Income) Expenses, net (1.1) 0.2 (2.2) 0.3
Interest Expense 10.6 13.4 22.2 27.0
Interest Income 1.4 1.4 2.5 2.5
Income before Taxes 37.8 83.8 98.4 191.8
Provision for Income Taxes 8.5 16.4 22.4 37.6
Net Income 29.3 67.4 76.0 154.2
Less: Net Income Attributable to Noncontrolling Interests 1.2 0.8 2.1 1.7
Net Income Attributable to Regal Beloit Corporation $ 28.1 $ 66.6 $ 73.9 $ 152.5
Earnings Per Share Attributable to Regal Beloit Corporation:        
Basic (in dollars per share) $ 0.69 $ 1.56 $ 1.82 $ 3.57
Assuming Dilution (in dollars per share) $ 0.69 $ 1.55 $ 1.81 $ 3.54
Weighted Average Number of Shares Outstanding:        
Basic (in shares) 40.5 42.6 40.6 42.7
Assuming Dilution (in shares) 40.7 43.0 40.7 43.0