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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 30, 2024
Segment Reporting [Abstract] |
Reconciliation of Segment to Consolidated Results Table | The following table presents our revenue for each segment and reconciles our total segment revenue to total consolidated revenue.
For the Three Months Ended | March 30, 2024 |  | April 1, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Motion Technologies | $ | 392.4 |  |  | $ | 364.8 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Industrial Process | 333.9 |  |  | 266.5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Connect & Control Technologies | 185.1 |  |  | 167.6 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total segment revenue | 911.4 |  |  | 798.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Eliminations | (0.8) |  |  | (1.0) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total consolidated revenue | $ | 910.6 |  |  | $ | 797.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following table presents our operating income for each segment and reconciles our total segment operating income to income from continuing operations before income tax.
For the Three Months Ended |  |  |  |  |  |  | March 30, 2024 |  | April 1, 2023 |  |  |  |  |  |  |  |
Motion Technologies |  |  |  |  |  |  | $ | 70.6 |  |  | $ | 53.4 |  |  |  |  |  |  |  |  |
Industrial Process |  |  |  |  |  |  | 63.8 |  |  | 55.3 |  |  |  |  |  |  |  |  |
Connect & Control Technologies |  |  |  |  |  |  | 32.7 |  |  | 29.4 |  |  |  |  |  |  |  |  |
Total segment operating income |  |  |  |  |  |  | 167.1 |  |  | 138.1 |  |  |  |  |  |  |  |  |
Other corporate costs |  |  |  |  |  |  | (17.9) |  |  | (13.8) |  |  |  |  |  |  |  |  |
Interest and non-operating expense, net |  |  |  |  |  |  | (4.4) |  |  | (3.5) |  |  |  |  |  |  |  |  |
Income from continuing operations before income tax |  |  |  |  |  |  | $ | 144.8 |  |  | $ | 120.8 |  |  |  |  |  |  |  |  |
Segment Operating Margin | The following table presents our operating margin for each segment. Segment operating margin is calculated as segment operating income divided by segment revenue.
For the Three Months Ended |  |  |  |  |  |  |  |  |  |  |  |  | March 30, 2024 |  | April 1, 2023 |  |
Motion Technologies |  |  |  |  |  |  |  |  |  |  |  |  | 18.0 | % |  | 14.6 | % |  |
Industrial Process |  |  |  |  |  |  |  |  |  |  |  |  | 19.1 | % |  | 20.8 | % |  |
Connect & Control Technologies |  |  |  |  |  |  |  |  |  |  |  |  | 17.7 | % |  | 17.5 | % |  |
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 Three Months Ended | Total Assets |  | Capital Expenditures |  | Depreciation & Amortization
March 30, 2024 |  | December 31, 2023 |  | March 30, 2024 |  | April 1, 2023 |  | March 30, 2024 |  | April 1, 2023
Motion Technologies | $ | 1,368.9 |  |  | $ | 1,366.6 |  |  | $ | 18.0 |  |  | $ | 20.2 |  |  | $ | 15.8 |  |  | $ | 15.8 |
Industrial Process | 1,856.0 |  |  | 1,323.2 |  |  | 6.7 |  |  | 3.2 |  |  | 12.1 |  |  | 5.6 |
Connect & Control Technologies | 826.7 |  |  | 834.6 |  |  | 2.7 |  |  | 4.8 |  |  | 5.1 |  |  | 4.7 |
Corporate and Other | 352.1 |  |  | 408.2 |  |  | 0.3 |  |  | 0.5 |  |  | 0.6 |  |  | 0.6 |
Total | $ | 4,403.7 |  |  | $ | 3,932.6 |  |  | $ | 27.7 |  |  | $ | 28.7 |  |  | $ | 33.6 |  |  | $ | 26.7 |

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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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