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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
As of June 30, 2024, the Company is comprised of three operating segments: Industrial Powertrain Solutions ("IPS"), Power Efficiency Solutions ("PES") and Automation & Motion Control ("AMC").
The IPS segment designs, produces and services a broad portfolio of highly-engineered power transmission products, including mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes and gear motors, clutches, brakes, and industrial powertrain components and solutions. Increasingly, the segment produces industrial
powertrain solutions, which are integrated sub-systems comprised of Regal Rexnord motors plus the critical power transmission components that efficiently transmit motion to power industrial applications. The segment serves a broad range of markets that include general industrial, metals & mining, agricultural and construction, food and beverage, energy, alternative energy and other markets.
The PES segment designs and produces fractional to approximately 5 horsepower AC and DC motors, electronic variable speed controls, electronic drives, fans and blowers, as well as integrated subsystems comprised of two or more of these components. The segment's products are used in residential and light commercial HVAC, water heater, commercial refrigeration, commercial building ventilation, pool and spa, irrigation, dewatering, agriculture and other applications.

The AMC segment designs, produces and services conveyor products, conveying automation subsystems, aerospace components, precision motion control solutions, high-efficiency miniature servo motors, controls, drives and linear actuators, as well as power management products that include automatic transfer switches and paralleling switchgear. The segment sells into markets that include industrial automation, robotics, food and beverage, aerospace, medical, agricultural and construction, general industrial, data center, and other markets.

The Industrial Systems segment designed and produced integral motors, alternators for industrial applications, and sold aftermarket parts and kits to support such products. These products served the general industrial, metals and mining, and food and beverage end markets. As described within Note 3 – Held for Sale, Acquisitions and Divestitures, the sale of the industrial motors and generators business was completed on April 30, 2024.

The Company evaluates performance based on the segment's income from operations. Corporate costs have been allocated to each segment based on the net sales of each segment.
The following sets forth certain financial information attributable to the Company's operating segments for the three and six months ended June 30, 2024 and June 30, 2023:
Segment Information
Three Months Ended
June 30, 2024Industrial Powertrain SolutionsPower Efficiency SolutionsAutomation & Motion Control
Industrial Systems(1)
EliminationsTotal
External Sales$675.5 $410.9 $422.2 $39.0 $— $1,547.6 
Intersegment Sales1.8 0.6 5.3 0.2 (7.9)— 
  Total Sales677.3 411.5 427.5 39.2 (7.9)1,547.6 
Gross Profit270.5 121.2 169.2 10.1 — 571.0 
Operating Expenses180.7 76.1 127.4 10.1 — 394.3 
Gain on Sale of Businesses— — — (17.2)— (17.2)
Total Operating Expenses180.7 76.1 127.4 (7.1)— 377.1 
Income from Operations89.8 45.1 41.8 17.2 — 193.9 
Depreciation and Amortization70.7 10.6 45.6 0.1 — 127.0 
Capital Expenditures14.3 7.4 6.5 4.2 — 32.4 
June 30, 2023
External Sales$698.7 $460.1 $473.1 $136.7 $— $1,768.6 
Intersegment Sales4.4 3.5 5.9 0.7 (14.5)— 
  Total Sales703.1 463.6 479.0 137.4 (14.5)1,768.6 
Gross Profit224.4 133.8 176.2 29.4 — 563.8 
Operating Expenses184.2 74.0 127.6 26.4 — 412.2 
Income from Operations40.2 59.8 48.6 3.0 — 151.6 
Depreciation and Amortization74.4 11.8 47.6 3.2 — 137.0 
Capital Expenditures19.7 8.4 14.3 2.4 — 44.8 
(1) Results for the Industrial Systems segment cover the period through the completed sale on April 30, 2024.
Segment Information
Six Months Ended
June 30, 2024Industrial Powertrain SolutionsPower Efficiency SolutionsAutomation & Motion Control
Industrial Systems(1)
EliminationsTotal
External Sales$1,318.9 $796.2 $822.4 $157.8 $— $3,095.3 
Intersegment Sales4.7 5.7 9.8 0.5 (20.7)— 
  Total Sales1,323.7 801.9 832.2 158.2 (20.7)3,095.3 
Gross Profit535.3 220.5 329.1 39.2 — 1,124.1 
Operating Expenses363.4 146.9 247.1 34.6 — 792.0 
Loss on Sale of Businesses— — — 4.3 — 4.3 
Total Operating Expenses363.4 146.9 247.1 38.9 — 796.3 
Income from Operations171.9 73.6 82.0 0.3 — 327.8 
Depreciation and Amortization140.9 22.2 91.5 0.6 — 255.2 
Capital Expenditures23.1 11.1 12.4 4.3 — 50.9 
June 30, 2023
External Sales$1,113.1 $929.6 $676.3 $273.7 $— $2,992.7 
Intersegment Sales7.9 7.7 11.1 1.4 (28.1)— 
  Total Sales1,121.0 937.3 687.4 275.1 (28.1)2,992.7 
Gross Profit401.8 251.5 251.6 57.0 — 961.9 
Operating Expenses335.7 146.3 208.2 51.2 — 741.4 
Income from Operations66.1 105.2 43.4 5.8 — 220.5 
Depreciation and Amortization116.0 23.5 67.3 6.7 — 213.5 
Capital Expenditures25.1 17.1 17.4 3.9 — 63.5 
(1) Results for the Industrial Systems segment cover the period through the completed sale on April 30, 2024.

The following table presents identifiable assets information attributable to the Company's operating segments as of June 30, 2024 and December 31, 2023:
Industrial Powertrain SolutionsPower Efficiency SolutionsAutomation & Motion ControlIndustrial SystemsTotal
Identifiable Assets as of June 30, 2024$7,807.9 $1,987.2 $4,812.6 $— $14,607.7 
Identifiable Assets as of December 31, 20238,009.4 2,036.4 4,909.2 476.4 15,431.4