SEGMENT INFORMATION (Tables)

9 Months Ended

Oct. 02, 2021

The following sets forth certain financial information attributable to the Company's operating segments for the three and nine months ended October 2, 2021 and September 26, 2020 (in millions):


	Three Months Ended
October 2, 2021	Commercial Systems		Industrial Systems		Climate Solutions		Power Transmission Solutions		Eliminations		Total
External Sales	$	268.7	$	148.0	$	268.4	$	207.6	$	—	$	892.7
Intersegment Sales	22.5		7.7		4.4		0.7		(35.3)		—
Total Sales	291.2		155.7		272.8		208.3		(35.3)		892.7
Gross Profit	70.8		25.9		81.2		76.7		—		254.6
Operating Expenses	40.4		19.5		29.1		55.4		—		144.4

Asset Impairments	—		—		—		2.8		—		2.8
Total Operating Expenses	40.4		19.5		29.1		58.2		—		147.2
Income from Operations	30.4		6.4		52.1		18.5		—		107.4
Depreciation and Amortization	7.2		5.8		4.4		13.1		—		30.5
Capital Expenditures	4.8		2.3		2.5		3.6		—		13.2

September 26, 2020
External Sales	$	218.5	$	138.8	$	234.0	$	166.9	$	—	$	758.2
Intersegment Sales	14.5		7.4		4.6		0.6		(27.1)		—
Total Sales	233.0		146.2		238.6		167.5		(27.1)		758.2
Gross Profit	60.7		31.9		69.1		59.9		—		221.6
Operating Expenses	36.1		24.6		29.9		41.0		—		131.6




Income from Operations	24.6		7.3		39.2		18.9		—		90.0
Depreciation and Amortization	7.9		6.0		5.0		14.0		—		32.9
Capital Expenditures	3.2		1.7		1.8		2.6		—		9.3


	Nine Months Ended
October 2, 2021	Commercial Systems		Industrial Systems		Climate Solutions		Power Transmission Solutions		Eliminations		Total
External Sales	$	775.0	$	429.6	$	764.8	$	624.3	$	—	$	2,593.7
Intersegment Sales	59.9		18.7		13.8		2.2		(94.6)		—
Total Sales	834.9		448.3		778.6		626.5		(94.6)		2,593.7
Gross Profit	203.8		78.9		229.2		239.6		—		751.5
Operating Expenses	118.7		65.7		86.8		161.7		—		432.9

Asset Impairments	1.8		—		0.5		2.8		—		5.1
Total Operating Expenses	120.5		65.7		87.3		164.5		—		438.0
Income from Operations	83.3		13.2		141.9		75.1		—		313.5
Depreciation and Amortization	22.8		17.4		12.5		40.1		—		92.8
Capital Expenditures	12.6		8.0		8.7		8.2		—		37.5

September 26, 2020
External Sales	$	593.8	$	389.0	$	622.3	$	521.4	$	—	$	2,126.5
Intersegment Sales	43.2		23.2		13.0		1.9		(81.3)		—
Total Sales	637.0		412.2		635.3		523.3		(81.3)		2,126.5
Gross Profit	153.4		79.8		175.9		186.1		—		595.2
Operating Expenses	107.8		69.2		85.9		122.2		—		385.1
Gain on Divestiture of Businesses	(0.1)		—		—		—		—		(0.1)
Asset Impairments	2.8		0.2		1.3		—		—		4.3
Total Operating Expenses	110.5		69.4		87.2		122.2		—		389.3
Income from Operations	42.9		10.4		88.7		63.9		—		205.9
Depreciation and Amortization	24.5		17.9		14.7		41.7		—		98.8
Capital Expenditures	8.5		6.0		8.0		7.2		—		29.7

Reconciliation of Segment Assets

The following table presents identifiable assets information attributable to the Company's operating segments as of October 2, 2021 and January 2, 2021 (in millions):


	Commercial Systems		Industrial Systems		Climate Solutions		Power Transmission Solutions		Total
Identifiable Assets as of October 2, 2021	$	1,217.1	$	846.2	$	924.6	$	1,497.1	$	4,485.0
Identifiable Assets as of January 2, 2021	1,319.6		837.5		890.4		1,541.5		4,589.0