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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Dec. 29, 2018
Income Statement [Abstract]      
Net Sales $ 2,907.0 $ 3,238.0 $ 3,645.6
Cost of Sales 2,098.3 2,377.3 2,681.0
Gross Profit 808.7 860.7 964.6
Operating Expenses 512.9 544.3 599.4
Goodwill Impairment 10.5 0.0 9.5
Asset Impairments 5.3 10.0 8.7
Gain on Sale of Businesses (0.1) (44.7) 0.0
Total Operating Expenses 528.6 509.6 617.6
Income from Operations 280.1 351.1 347.0
Other (Income) Expenses, net (4.4) (0.1) 1.5
Interest Expense 39.8 53.0 55.2
Interest Income 5.9 5.6 1.9
Total 250.6 303.8 292.2
Provision for Income Taxes 56.8 61.2 56.4
Net Income 193.8 242.6 235.8
Less: Net Income Attributable to Noncontrolling Interests 4.5 3.7 4.6
Net Income Attributable to Regal Beloit Corporation $ 189.3 $ 238.9 $ 231.2
Earnings Per Share Attributable to Regal Beloit Corporation:      
Basic (in dollars per share) $ 4.66 $ 5.69 $ 5.30
Assuming Dilution (in dollars per share) $ 4.64 $ 5.66 $ 5.26
Weighted Average Number of Shares Outstanding:      
Basic (in shares) 40.6 42.0 43.6
Assuming Dilution (in shares) 40.8 42.2 43.9