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REVENUE Revenue (Tables)

3 Months Ended

6 Months Ended

Jul. 03, 2021

Jun. 27, 2020

Jul. 03, 2021

Jun. 27, 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 and six months ended July 3, 2021 and June 27, 2020.

For the Three Months Ended July 3, 2021			Motion Technologies									Industrial Process									Connect & Control Technologies									Eliminations									Total
Auto and rail						$	334.2								$	—								$	—								$	—								$	334.2
Chemical and industrial pumps						—									167.7									—									—									167.7
Aerospace and defense						2.6									—									63.9									—									66.5
Oil and gas						—									46.2									8.9									—									55.1
General industrial						6.8									—									61.7									(0.4)									68.1
Total						$	343.6								$	213.9								$	134.5								$	(0.4)								$	691.6

For the Three Months Ended June 27, 2020			Motion Technologies									Industrial Process									Connect & Control Technologies									Eliminations									Total
Auto and rail						$	195.6								$	—								$	—								$	—								$	195.6
Chemical and industrial pumps						—									158.6									—									—									158.6
Aerospace and defense						1.6									—									64.6									—									66.2
Oil and gas						—									34.7									7.7									—									42.4
General industrial						2.1									—									50.6									(0.8)									51.9
Total						$	199.3								$	193.3								$	122.9								$	(0.8)								$	514.7

For the Six Months Ended July 3, 2021			Motion Technologies									Industrial Process									Connect & Control Technologies									Eliminations									Total
Auto and rail						$	698.2								$	—								$	—								$	—								$	698.2
Chemical and industrial pumps						—									327.4									—									—									327.4
Aerospace and defense						4.2									—									124.1									—									128.3
Oil and gas						—									88.8									17.4									—									106.2
General industrial						10.3									—									120.3									(0.7)									129.9
Total						$	712.7								$	416.2								$	261.8								$	(0.7)								$	1,390.0

For the Six Months Ended June 27, 2020			Motion Technologies									Industrial Process									Connect & Control Technologies									Eliminations									Total
Auto and rail						$	488.0								$	—								$	—								$	(0.1)								$	487.9
Chemical and industrial pumps						—									320.1									—									—									320.1
Aerospace and defense						4.5									—									150.7									—									155.2
Oil and gas						—									100.5									15.5									—									116.0
General industrial						4.7									—									95.4									(1.3)									98.8
Total						$	497.2								$	420.6								$	261.6								$	(1.4)								$	1,178.0

Net Contract Assets and Liabilities Table

The following table represents our net contract assets and liabilities as of July 3, 2021 and December 31, 2020.

			July 3, 2021									December 31, 2020
Current contract assets, net						$	14.4								$	19.1
Non-current contract assets, net						0.3									—
Current contract liabilities						(39.5)									(56.2)
Non-current contract liabilities						(4.4)									(0.1)
Net contract liabilities						$	(29.2)								$	(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

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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

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