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REVENUE Revenue (Tables) | 6 Months Ended
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Jun. 29, 2024 | Jul. 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 June 29, 2024 | Motion Technologies |  | Industrial Process |  | Connect & Control Technologies |  | Eliminations |  | Total
Auto and rail | $ | 375.9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 375.9 |
Chemical and industrial pumps | — |  |  | 230.4 |  |  | — |  |  | — |  |  | 230.4 |
Energy | — |  |  | 100.3 |  |  | 13.1 |  |  | — |  |  | 113.4 |
Aerospace and defense | 2.0 |  |  | — |  |  | 114.7 |  |  | — |  |  | 116.7 |
General industrial | 6.6 |  |  | — |  |  | 64.0 |  |  | (1.1) |  |  | 69.5 |
Total | $ | 384.5 |  |  | $ | 330.7 |  |  | $ | 191.8 |  |  | $ | (1.1) |  |  | $ | 905.9 |
For the Six Months Ended June 29, 2024 |  |  |  |  |  |  |  |  |
Auto and rail | $ | 759.8 |  |  | $ | — |  |  | $ | — |  |  | $ | (0.1) |  |  | $ | 759.7 |
Chemical and industrial pumps | — |  |  | 449.3 |  |  | — |  |  | — |  |  | 449.3 |
Energy | — |  |  | 215.3 |  |  | 26.5 |  |  | — |  |  | 241.8 |
Aerospace and defense | 3.7 |  |  | — |  |  | 218.8 |  |  | — |  |  | 222.5 |
General industrial | 13.4 |  |  | — |  |  | 131.6 |  |  | (1.8) |  |  | 143.2 |
Total | $ | 776.9 |  |  | $ | 664.6 |  |  | $ | 376.9 |  |  | $ | (1.9) |  |  | $ | 1,816.5 |
For the Three Months Ended July 1, 2023 |  |  |  |  |  |  |  |  |
Auto and rail | $ | 360.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 360.0 |
Chemical and industrial pumps | — |  |  | 226.5 |  |  | — |  |  | — |  |  | 226.5 |
Energy | — |  |  | 67.1 |  |  | 13.9 |  |  | — |  |  | 81.0 |
Aerospace and defense | 2.0 |  |  | — |  |  | 94.1 |  |  | — |  |  | 96.1 |
General industrial | 6.8 |  |  | — |  |  | 64.2 |  |  | (0.7) |  |  | 70.3 |
Total | $ | 368.8 |  |  | $ | 293.6 |  |  | $ | 172.2 |  |  | $ | (0.7) |  |  | $ | 833.9 |
For the Six Months Ended July 1, 2023 |  |  |  |  |  |  |  |  |
Auto and rail | $ | 716.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 716.0 |
Chemical and industrial pumps | — |  |  | 444.5 |  |  | — |  |  | — |  |  | 444.5 |
Energy | — |  |  | 115.6 |  |  | 24.1 |  |  | — |  |  | 139.7 |
Aerospace and defense | 3.9 |  |  | — |  |  | 181.0 |  |  | — |  |  | 184.9 |
General industrial | 13.7 |  |  | — |  |  | 134.7 |  |  | (1.7) |  |  | 146.7 |
Total | $ | 733.6 |  |  | $ | 560.1 |  |  | $ | 339.8 |  |  | $ | (1.7) |  |  | $ | 1,631.8 |
Net Contract Assets and Liabilities Table | The following table represents our net contract assets and liabilities.
As of the Period Ended | June 29, 2024 |  | December 31, 2023 |  |  |
Current contract assets | $ | 47.5 |  |  | $ | 25.8 |  |  |  |  |  |
Non-current contract assets | 1.5 |  |  | 1.6 |  |  |  |  |  |
Current contract liabilities(a) | (137.1) |  |  | (95.9) |  |  |  |  |  |
Non-current contract liabilities | (4.5) |  |  | (4.5) |  |  |  |  |  |
Net contract liabilities | $ | (92.6) |  |  | $ | (73.0) |  |  |  |  |  |
(a)The increase in current contract liabilities from December 31, 2023 to June 29, 2024 was primarily driven by the acquisition of Svanehøj. Refer to Note 18, Acquisitions and Divestitures, for further information. |

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