XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net Sales $ 1,547.6 $ 1,768.6 $ 3,095.3 $ 2,992.7
Cost of Sales 976.6 1,204.8 1,971.2 2,030.8
Gross Profit 571.0 563.8 1,124.1 961.9
Operating Expenses 394.3 412.2 792.0 741.4
(Gain) Loss on Sale of Businesses (17.2) 0.0 4.3 0.0
Total Operating Expenses 377.1 412.2 796.3 741.4
Income from Operations 193.9 151.6 327.8 220.5
Interest Expense 101.7 116.4 207.1 211.8
Interest Income (5.0) (5.1) (8.1) (37.0)
Other Expense (Income), Net 0.3 (2.8) 0.6 (4.2)
Income before Taxes 96.9 43.1 128.2 49.9
Provision for Income Taxes 33.9 9.9 44.8 22.2
Net Income 63.0 33.2 83.4 27.7
Less: Net Income Attributable to Noncontrolling Interests 0.5 1.1 1.1 1.5
Net Income Attributable to Regal Rexnord Corporation $ 62.5 $ 32.1 $ 82.3 $ 26.2
Earnings Per Share Attributable to Regal Rexnord Corporation:        
Basic (in dollars per share) $ 0.94 $ 0.48 $ 1.24 $ 0.40
Assuming dilution (in dollars per share) $ 0.94 $ 0.48 $ 1.23 $ 0.39
Weighted Average Number of Shares Outstanding:        
Basic (in shares) 66.5 66.3 66.5 66.2
Assuming dilution (in shares) 66.8 66.6 66.8 66.6