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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 28, 2025 | Jun. 29, 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.
Three Months Ended June 28, 2025 | Motion Technologies |  | Industrial Process |  | Connect & Control Technologies |  | Total |  |  |  |
Revenue | $ | 365.7 |  |  | $ | 355.9 |  |  | $ | 251.9 |  |  | $ | 973.5 |  |  |  |  |
Eliminations |  |  |  |  |  |  | (1.1) |  |  |  |  |
Consolidated revenue |  |  |  |  |  |  | $ | 972.4 |  |  |  |  |
Costs of revenue(a) | 254.1 |  |  | 211.3 |  |  | 161.3 |  |  |  |  |  |  |
Selling, general and administrative expenses(a) | 28.7 |  |  | 61.7 |  |  | 35.9 |  |  |  |  |  |  |
Research and development expenses(a) | 11.7 |  | 6.3 |  |  | 9.8 |  |  |  |  |  |  |
Segment operating income | $ | 71.2 |  |  | $ | 76.6 |  |  | 44.9 |  |  | $ | 192.7 |  |  |  |  |
Other corporate costs |  |  |  |  |  |  | (17.6) |  |  |  |  |
Interest expense |  |  |  |  |  |  | (12.6) |  |  |  |  |
Interest income |  |  |  |  |  |  | 2.4 |  |  |  |  |
Other non-operating expense, net |  |  |  |  |  |  | (0.7) |  |  |  |  |
Income from continuing operations before income tax |  |  |  |  |  |  | $ | 164.2 |  |  |  |  |
Six Months Ended June 28, 2025 |  |  |  |  |  |  |  |  |  |  |
Revenue | $ | 711.8 |  |  | $ | 689.2 |  |  | $ | 486.6 |  |  | $ | 1,887.6 |  |  |  |  |
Eliminations |  |  |  |  |  |  | (2.2) |  |  |  |  |
Consolidated revenue |  |  |  |  |  |  | $ | 1,885.4 |  |  |  |  |
Costs of revenue(a) | 493.9 |  |  | 413.5 |  |  | 317.0 |  |  |  |  |  |  |
Selling, general and administrative expenses(a) | 56.0 |  | 123.2 |  | 70.1 |  |  |  |  |  |
Research and development expenses(a) | 23.1 |  | 12.4 |  | 18.6 |  |  |  |  |  |
Segment operating income | $ | 138.8 |  |  | $ | 140.1 |  |  | $ | 80.9 |  |  | $ | 359.8 |  |  |  |  |
Other corporate costs |  |  |  |  |  |  | (33.8) |  |  |  |  |
Interest expense |  |  |  |  |  |  | (21.9) |  |  |  |  |
Interest income |  |  |  |  |  |  | 4.1 |  |  |  |  |
Other non-operating income, net |  |  |  |  |  |  | 0.3 |  |  |  |  |
Income from continuing operations before income tax |  |  |  |  |  |  | $ | 308.5 |  |  |  |  |
Three Months Ended June 29, 2024 | Motion Technologies |  | Industrial Process |  | Connect & Control Technologies |  | Total
Revenue | $ | 384.5 |  |  | $ | 330.7 |  |  | $ | 191.8 |  |  | $ | 907.0 |
Eliminations |  |  |  |  |  |  | (1.1) |
Consolidated revenue |  |  |  |  |  |  | $ | 905.9 |
Costs of revenue(a) | 268.8 |  |  | 201.4 |  |  | 119.9 |  |  |
Selling, general and administrative expenses(a) | 31.2 |  | 56.8 |  | 27.7 |  |
Research and development expenses(a) | 13.3 |  | 6.0 |  | 8.8 |  |
Segment operating income | $ | 71.2 |  |  | $ | 66.5 |  |  | $ | 35.4 |  |  | $ | 173.1 |
Other corporate costs |  |  |  |  |  |  | (13.4) |
Interest expense |  |  |  |  |  |  | (7.4) |
Interest income |  |  |  |  |  |  | 1.6 |
Other non-operating income, net |  |  |  |  |  |  | 0.2 |
Income from continuing operations before income tax |  |  |  |  |  |  | $ | 154.1 |
Six Months Ended June 29, 2024 |  |  |  |  |  |  |
Revenue | $ | 776.9 |  |  | $ | 664.6 |  |  | $ | 376.9 |  |  | $ | 1,818.4 |
Eliminations |  |  |  |  |  |  | (1.9) |
Consolidated revenue |  |  |  |  |  |  | $ | 1,816.5 |
Costs of revenue(a) | 546.2 |  |  | 415.1 |  |  | 238.6 |  |  |
Selling, general and administrative expenses(a) | 60.3 |  | 106.8 |  | 53.1 |  |
Research and development expenses(a) | 28.6 |  | 11.7 |  | 17.1 |  |
Segment operating income | $ | 141.8 |  |  | $ | 131.0 |  |  | $ | 68.1 |  |  | $ | 340.9 |
Other corporate costs |  |  |  |  |  |  | (31.3) |
Interest expense |  |  |  |  |  |  | (15.1) |
Interest income |  |  |  |  |  |  | 3.4 |
Other non-operating income, net |  |  |  |  |  |  | 1.7 |
Income from continuing operations before income tax |  |  |  |  |  |  | $ | 299.6 |
(a)The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM.
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.
|  |  |  |  | Three Months Ended |  | Six Months Ended
|  |  |  |  |  |  |  |  |  |  |  |  | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Motion Technologies |  |  |  |  |  |  |  |  |  |  |  |  | 19.5 | % |  | 18.5 | % |  | 19.5 | % |  | 18.3 | %
Industrial Process |  |  |  |  |  |  |  |  |  |  |  |  | 21.5 | % |  | 20.1 | % |  | 20.3 | % |  | 19.7 | %
Connect & Control Technologies |  |  |  |  |  |  |  |  |  |  |  |  | 17.8 | % |  | 18.5 | % |  | 16.6 | % |  | 18.1 | %
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 Six Months Ended | Total Assets |  | Capital Expenditures |  | Depreciation & Amortization
June 28, 2025 |  | December 31, 2024 |  | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Motion Technologies | $ | 1,301.4 |  |  | $ | 1,186.6 |  |  | $ | 37.4 |  |  | $ | 34.4 |  |  | $ | 28.9 |  |  | $ | 31.3 |
Industrial Process | 1,992.6 |  |  | 1,819.8 |  |  | 9.7 |  |  | 10.8 |  |  | 19.9 |  |  | 23.0 |
Connect & Control Technologies | 1,336.7 |  |  | 1,326.8 |  |  | 5.8 |  |  | 5.3 |  |  | 22.0 |  |  | 10.4 |
Corporate and Other | 384.5 |  |  | 398.1 |  |  | 0.3 |  |  | 0.4 |  |  | 1.9 |  |  | 1.3 |
Total | $ | 5,015.2 |  |  | $ | 4,731.3 |  |  | $ | 53.2 |  |  | $ | 50.9 |  |  | $ | 72.7 |  |  | $ | 66.0 |

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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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