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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Income Statement [Abstract]        
Net Sales $ 758.2 $ 772.3 $ 2,126.5 $ 2,499.8
Cost of Sales 536.6 570.4 1,531.3 1,829.3
Gross Profit 221.6 201.9 595.2 670.5
Operating Expenses 131.6 128.9 385.1 416.3
Gain (Loss) on Divestiture of Businesses 0.0 0.2 (0.1) (45.2)
Asset Impairments 0.0 0.0 4.3 10.0
Total Operating Expenses 131.6 129.1 389.3 381.1
Income from Operations 90.0 72.8 205.9 289.4
Other (Income) Expenses, net (1.1) 0.1 (3.3) 0.4
Interest Expense 9.0 13.5 31.2 40.5
Interest Income 1.3 1.5 3.8 4.0
Income before Taxes 83.4 60.7 181.8 252.5
Provision for Income Taxes 17.1 9.9 39.5 47.5
Net Income 66.3 50.8 142.3 205.0
Less: Net Income Attributable to Noncontrolling Interests 1.3 1.1 3.4 2.8
Net Income Attributable to Regal Beloit Corporation $ 65.0 $ 49.7 $ 138.9 $ 202.2
Earnings Per Share Attributable to Regal Beloit Corporation:        
Basic (in dollars per share) $ 1.60 $ 1.20 $ 3.42 $ 4.78
Assuming Dilution (in dollars per share) $ 1.60 $ 1.19 $ 3.41 $ 4.75
Weighted Average Number of Shares Outstanding:        
Basic (in shares) 40.6 41.5 40.6 42.3
Assuming Dilution (in shares) 40.8 41.7 40.7 42.6