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REVENUE Revenue (Tables) | 3 Months Ended
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Mar. 31, 2021 | Mar. 31, 2020
Revenue from Contract with Customer [Abstract] |  |
Disaggregation of Revenue by End Market Table | The following table represents our revenue disaggregated by end market for the three months ended March 31, 2021 and 2020.
For the Three Months Ended March 31, 2021 | Motion Technologies | Industrial Process | Connect & Control Technologies | Eliminations | Total
Auto and rail |  | $ | 364.0 |  |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | 364.0 |  |
Chemical and industrial pumps |  | — |  |  |  | 159.7 |  |  |  | — |  |  |  | — |  |  |  | 159.7 |  |
Aerospace and defense |  | 1.6 |  |  |  | — |  |  |  | 60.2 |  |  |  | — |  |  |  | 61.8 |  |
Oil and gas |  | — |  |  |  | 42.6 |  |  |  | 8.5 |  |  |  | — |  |  |  | 51.1 |  |
General industrial |  | 3.5 |  |  |  | — |  |  |  | 58.6 |  |  |  | (0.3) |  |  |  | 61.8 |  |
Total |  | $ | 369.1 |  |  |  | $ | 202.3 |  |  |  | $ | 127.3 |  |  |  | $ | (0.3) |  |  |  | $ | 698.4 |  |
For the Three Months Ended March 31, 2020 | Motion Technologies | Industrial Process | Connect & Control Technologies | Eliminations | Total
Auto and rail |  | $ | 292.4 |  |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | (0.1) |  |  |  | $ | 292.3 |  |
Chemical and industrial pumps |  | — |  |  |  | 161.5 |  |  |  | — |  |  |  | — |  |  |  | 161.5 |  |
Aerospace and defense |  | 2.9 |  |  |  | — |  |  |  | 86.1 |  |  |  | — |  |  |  | 89.0 |  |
Oil and gas |  | — |  |  |  | 65.8 |  |  |  | 7.8 |  |  |  | — |  |  |  | 73.6 |  |
General industrial |  | 2.6 |  |  |  | — |  |  |  | 44.8 |  |  |  | (0.5) |  |  |  | 46.9 |  |
Total |  | $ | 297.9 |  |  |  | $ | 227.3 |  |  |  | $ | 138.7 |  |  |  | $ | (0.6) |  |  |  | $ | 663.3 |  |
Net Contract Assets and Liabilities Table | The following table represents our net contract assets and liabilities as of March 31, 2021 and December 31, 2020.
| March 31, 2021 | December 31, 2020 |  |  |
Current contract assets, net |  | $ | 17.9 |  |  |  | $ | 19.1 |  |  |  |  |  |  |
Non-current contract assets, net |  | 0.3 |  |  |  | — |  |  |  |  |  |  |
Current contract liabilities |  | (48.0) |  |  |  | (56.2) |  |  |  |  |  |  |
Non-current contract liabilities |  | (4.5) |  |  |  | (0.1) |  |  |  |  |  |  |
Net contract liabilities |  | $ | (34.3) |  |  |  | $ | (37.2) |  |  |  |  |  |  |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
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