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REVENUE Revenue (Tables) | 3 Months Ended
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Mar. 30, 2024 | Apr. 01, 2023
Revenue from Contract with Customer [Abstract] |  |
Disaggregation of Revenue by End Market Table | The following tables present our revenue disaggregated by end market.
For the Three Months Ended March 30, 2024 | Motion Technologies |  | Industrial Process |  | Connect & Control Technologies |  | Eliminations |  | Total
Auto and rail | $ | 383.9 |  |  | $ | — |  |  | $ | — |  |  | $ | (0.1) |  |  | $ | 383.8 |
Chemical and industrial pumps | — |  |  | 218.9 |  |  | — |  |  | — |  |  | 218.9 |
Energy | — |  |  | 115.0 |  |  | 13.4 |  |  | — |  |  | 128.4 |
Aerospace and defense | 1.7 |  |  | — |  |  | 104.1 |  |  | — |  |  | 105.8 |
General industrial | 6.8 |  |  | — |  |  | 67.6 |  |  | (0.7) |  |  | 73.7 |
Total | $ | 392.4 |  |  | $ | 333.9 |  |  | $ | 185.1 |  |  | $ | (0.8) |  |  | $ | 910.6 |
For the Three Months Ended April 1, 2023 |  |  |  |  |  |  |  |  |
Auto and rail | $ | 356.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 356.0 |
Chemical and industrial pumps | — |  |  | 218.0 |  |  | — |  |  | — |  |  | 218.0 |
Energy | — |  |  | 48.5 |  |  | 10.2 |  |  | — |  |  | 58.7 |
Aerospace and defense | 1.9 |  |  | — |  |  | 86.9 |  |  | — |  |  | 88.8 |
General industrial | 6.9 |  |  | — |  |  | 70.5 |  |  | (1.0) |  |  | 76.4 |
Total | $ | 364.8 |  |  | $ | 266.5 |  |  | $ | 167.6 |  |  | $ | (1.0) |  |  | $ | 797.9 |
Net Contract Assets and Liabilities Table | The following table represents our net contract assets and liabilities.
As of the Period Ended | March 30, 2024 |  | December 31, 2023 |  |  |
Current contract assets | $ | 40.4 |  |  | $ | 25.8 |  |  |  |  |  |
Non-current contract assets | 1.6 |  |  | 1.6 |  |  |  |  |  |
Current contract liabilities(a) | (126.6) |  |  | (95.9) |  |  |  |  |  |
Non-current contract liabilities | (4.5) |  |  | (4.5) |  |  |  |  |  |
Net contract liabilities | $ | (89.1) |  |  | $ | (73.0) |  |  |  |  |  |
(a)The increase in current contract liabilities from December 31, 2023 to March 30, 2024 is driven by the acquisition of Svanehøj. Refer to Note 18, Acquisitions, for further information. |

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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