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v3.23.3

SEGMENT INFORMATION (Tables) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 30, 2023
Segment Reporting [Abstract] |  |
Reconciliation of Segment to Consolidated Results Table |
| Revenue |  | Operating Income |  | Operating Margin
For the Three Months Ended | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
Motion Technologies | $ | 359.5 |  |  | $ | 342.2 |  |  | $ | 59.4 |  |  | $ | 54.0 |  |  | 16.5 | % |  | 15.8 | %
Industrial Process | 279.8 |  |  | 248.5 |  |  | 64.7 |  |  | 48.1 |  |  | 23.1 | % |  | 19.4 | %
Connect & Control Technologies | 184.0 |  |  | 163.2 |  |  | 33.2 |  |  | 30.3 |  |  | 18.0 | % |  | 18.6 | %
Eliminations | (1.2) |  |  | (0.3) |  |  | — |  |  | — |  |  | — |  |  | — |
Total segment results | 822.1 |  |  | 753.6 |  |  | 157.3 |  |  | 132.4 |  |  | 19.1 | % |  | 17.6 | %
Corporate and Other | — |  |  | — |  |  | (14.2) |  |  | (10.4) |  |  | — |  |  | — |
Total | $ | 822.1 |  |  | $ | 753.6 |  |  | $ | 143.1 |  |  | $ | 122.0 |  |  | 17.4 | % |  | 16.2 | %
| Revenue |  | Operating Income |  | Operating Margin
For the Nine Months Ended | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
Motion Technologies | $ | 1,093.1 |  |  | $ | 1,043.6 |  |  | $ | 170.5 |  |  | $ | 160.7 |  |  | 15.6 | % |  | 15.4 | %
Industrial Process | 839.9 |  |  | 690.3 |  |  | 186.4 |  |  | 107.6 |  |  | 22.2 | % |  | 15.6 | %
Connect & Control Technologies | 523.8 |  |  | 481.0 |  |  | 91.0 |  |  | 84.2 |  |  | 17.4 | % |  | 17.5 | %
Eliminations | (2.9) |  |  | (1.8) |  |  | — |  |  | — |  |  | — |  |  | — |
Total segment results | 2,453.9 |  |  | 2,213.1 |  |  | 447.9 |  |  | 352.5 |  |  | 18.3 | % |  | 15.9 | %
Corporate and Other | — |  |  | — |  |  | (38.5) |  |  | (35.4) |  |  | — |  |  | — |
Total | $ | 2,453.9 |  |  | $ | 2,213.1 |  |  | $ | 409.4 |  |  | $ | 317.1 |  |  | 16.7 | % |  | 14.3 | %
Schedule of Segment Reporting Information |  | The following table presents our total assets, capital expenditures, and depreciation & amortization expense for each segment.
As of and for the Nine Months Ended | Total Assets |  | Capital Expenditures |  | Depreciation & Amortization
September 30, 2023 |  | December 31, 2022 |  | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
Motion Technologies | $ | 1,309.0 |  |  | $ | 1,311.9 |  |  | $ | 44.9 |  |  | $ | 52.6 |  |  | $ | 49.3 |  |  | $ | 45.5 |
Industrial Process | 1,269.9 |  |  | 1,218.6 |  |  | 10.6 |  |  | 7.4 |  |  | 16.7 |  |  | 19.0 |
Connect & Control Technologies | 858.5 |  |  | 751.6 |  |  | 11.7 |  |  | 9.4 |  |  | 14.9 |  |  | 14.3 |
Corporate and Other | 364.9 |  |  | 498.2 |  |  | 1.3 |  |  | 4.3 |  |  | 1.9 |  |  | 2.7 |
Total | $ | 3,802.3 |  |  | $ | 3,780.3 |  |  | $ | 68.5 |  |  | $ | 73.7 |  |  | $ | 82.8 |  |  | $ | 81.5 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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