SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule Of Reportable Segments

The following sets forth certain financial information attributable to the Company's operating segments for the three and six months ended June 30, 2022 and July 3, 2021 (in millions):

	Three Months Ended
June 30, 2022	Commercial Systems		Industrial Systems		Climate Solutions		Motion Control Solutions		Eliminations		Total
External Sales	$	301.9	$	154.7	$	293.5	$	599.3	$	—	$	1,349.4
Intersegment Sales	26.1		7.9		4.4		2.3		(40.7)		—
Total Sales	328.0		162.6		297.9		601.6		(40.7)		1,349.4
Gross Profit	82.1		44.0		74.6		232.8		—		433.5
Operating Expenses	40.4		22.8		30.3		145.1		—		238.6
Total Operating Expenses	40.4		22.8		30.3		145.1		—		238.6
Income from Operations	41.7		21.2		44.3		87.7		—		194.9
Depreciation and Amortization	7.4		3.4		4.4		63.2		—		78.4
Capital Expenditures	5.2		2.7		4.6		6.7		—		19.2
July 3, 2021
External Sales	$	269.3	$	145.2	$	257.3	$	215.1	$	—	$	886.9
Intersegment Sales	19.9		7.3		5.1		0.8		(33.1)		—
Total Sales	289.2		152.5		262.4		215.9		(33.1)		886.9
Gross Profit*	69.5		27.4		75.5		85.3		—		257.7
Operating Expenses	40.3		23.1		27.0		49.8		—		140.2
Asset Impairments	1.8		—		0.5		—		—		2.3
Total Operating Expenses	42.1		23.1		27.5		49.8		—		142.5
Income from Operations*	27.4		4.3		48.0		35.5		—		115.2
Depreciation and Amortization	7.8		5.7		3.6		13.4		—		30.5
Capital Expenditures	4.5		3.3		3.0		2.8		—		13.6

	Six Months Ended
June 30, 2022	Commercial Systems		Industrial Systems		Climate Solutions		Motion Control Solutions		Eliminations		Total
External Sales	$	595.2	$	299.4	$	567.4	$	1,185.9	$	—	$	2,647.9
Intersegment Sales	54.3		15.2		9.2		4.2		(82.9)		—
Total Sales	649.5		314.6		576.6		1,190.1		(82.9)		2,647.9
Gross Profit	176.4		75.3		157.8		445.9		—		855.4
Operating Expenses	81.8		46.2		62.0		300.6		—		490.6
Total Operating Expenses	81.8		46.2		62.0		300.6		—		490.6
Income from Operations	94.6		29.1		95.8		145.3		—		364.8
Depreciation and Amortization	15.1		7.0		8.8		125.4		—		156.3
Capital Expenditures	8.8		4.2		8.9		10.7		—		32.6
July 3, 2021
External Sales	$	506.3	$	281.6	$	496.4	$	416.7	$	—	$	1,701.0
Intersegment Sales	37.4		11.0		9.4		1.5		(59.3)		—
Total Sales	543.7		292.6		505.8		418.2		(59.3)		1,701.0
Gross Profit*	136.3		55.4		150.9		164.9		—		507.5
Operating Expenses	78.3		46.2		57.7		106.3		—		288.5
Asset Impairments	1.8		—		0.5		—		—		2.3
Total Operating Expenses	80.1		46.2		58.2		106.3		—		290.8
Income from Operations*	56.2		9.2		92.7		58.6		—		216.7
Depreciation and Amortization	15.6		11.6		8.1		27.0		—		62.3
Capital Expenditures	7.8		5.7		6.2		4.6		—		24.3

Schedule of Reconciliation of Segment Assets

The following table presents identifiable assets information attributable to the Company's operating segments as of June 30, 2022 and January 1, 2022 (in millions):

	Commercial Systems		Industrial Systems		Climate Solutions		Motion Control Solutions		Total
Identifiable Assets as of June 30, 2022	$	1,314.9	$	874.0	$	1,028.6	$	7,241.0	$	10,458.5
Identifiable Assets as of January 1, 2022*	1,264.0		859.9		982.7		7,260.8		10,367.4

*Includes the retrospective effect of changing accounting methods for valuing certain inventories to the FIFO cost method from the LIFO cost method. See Note 2 for additional information.