Regal Rexnord (RRX) 10-Q 11 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Apr. 01, 2017	May 08, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	REGAL BELOIT CORP
Entity Central Index Key	82,811
Document Type	10-Q
Document Period End Date	Apr. 1, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-30
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		44,809,486

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Income Statement [Abstract]
Net Sales	$ 813.5	$ 818.2
Cost of Sales	597.9	600.8
Gross Profit	215.6	217.4
Operating Expenses	140.8	148.1
Income From Operations	74.8	69.3
Interest Expense	14.4	15
Interest Income	1	1.1
Income Before Taxes	61.4	55.4
Provision For Income Taxes	13.8	12.7
Net Income	47.6	42.7
Less: Net Income Attributable to Noncontrolling Interests	1.3	1.1
Net Income Attributable to Regal Beloit Corporation	$ 46.3	$ 41.6
Earnings Per Share Attributable to Regal Beloit Corporation:
Basic (in dollars per share)	$ 1.03	$ 0.93
Assuming Dilution (in dollars per share)	1.02	0.93
Cash Dividends Declared Per Share (in dollars per share)	$ 0.24	$ 0.23
Weighted Average Number of Shares Outstanding:
Basic (in shares)	44.8	44.7
Assuming Dilution (in shares)	45.1	45

Condensed Consolidated Stateme3

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Statement of Comprehensive Income [Abstract]
Net Income	$ 47.6	$ 42.7
Other Comprehensive Income Net of Tax:
Foreign Currency Translation Adjustments	29.4	25.7
Hedging Activities:
Increase in Fair Value of Hedging Activities, Net of Tax Effects of $11.9 Million and $1.3 Million for the Three Months Ended April 1, 2017 and April 2, 2016, Respectively	19.4	2.3
Reclassification of Losses Included in Net Income, Net of Tax Effects of $4.4 Million and $5.0 Million for the Three Months Ended April 1, 2017 and April 2, 2016, Respectively	7.3	8.1
Pension and Post Retirement Plans:
Reclassification Adjustments for Pension and Post Retirement Benefits Included in Net Income, Net of Tax Effects of $0.2 Million and $0.2 Million for the Three Months Ended April 1, 2017 and April 2, 2016, Respectively	0.4	0.7
Other Comprehensive Income	56.5	36.8
Comprehensive Income	104.1	79.5
Less: Comprehensive Income Attributable to Noncontrolling Interests	1.8	1.5
Comprehensive Income Attributable to Regal Beloit Corporation	$ 102.3	$ 78

Condensed Consolidated Stateme4

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Statement of Comprehensive Income [Abstract]
Tax effect of fair value hedging activities	$ 11.9	$ 1.3
Tax effect of hedging activities reclassified into net income	4.4	5
Tax effect of pension benefits	$ 0.2	$ 0.2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Apr. 01, 2017	Dec. 31, 2016
Current Assets:
Cash and Cash Equivalents	$ 262.3	$ 284.5
Trade Receivables, Less Allowances of $11.9 Million in 2017 and $11.5 Million in 2016	509	462.2
Inventories	687.9	660.8
Prepaid Expenses and Other Current Assets	156.2	124.5
Total Current Assets	1,615.4	1,532
Net Property, Plant and Equipment	633.2	627.5
Goodwill	1,457.4	1,453.2
Intangible Assets, Net of Amortization	699.5	711.7
Deferred Income Tax Benefits	24.3	22.4
Other Noncurrent Assets	14.6	11.7
Total Assets	4,444.4	4,358.5
Current Liabilities:
Accounts Payable	393.8	334.2
Dividends Payable	10.7	10.7
Current Hedging Obligations	26.1	49
Accrued Compensation and Employee Benefits	70	70.1
Other Accrued Expenses	113	137
Current Maturities of Long-Term Debt	100.4	100.6
Total Current Liabilities	714	701.6
Long-Term Debt	1,269.1	1,310.9
Deferred Income Taxes	127.5	97.7
Noncurrent Hedging Obligations	4	17.6
Pension and Other Post Retirement Benefits	106.9	106.5
Other Noncurrent Liabilities	49.1	46
Contingencies and Commitments (see Note 12)
Regal Beloit Corporation Shareholders' Equity:
Common Stock, $.01 Par Value, 100.0 Million Shares Authorized, 44.8 Million and 44.8 Million Shares Issued and Outstanding in 2017 and 2016, Respectively	0.4	0.4
Additional Paid-In Capital	906.8	904.5
Retained Earnings	1,487.5	1,452
Accumulated Other Comprehensive Loss	(262.1)	(318.1)
Total Regal Beloit Corporation Shareholders' Equity	2,132.6	2,038.8
Noncontrolling Interests	41.2	39.4
Total Equity	2,173.8	2,078.2
Total Liabilities and Equity	$ 4,444.4	$ 4,358.5

Condensed Consolidated Balance6

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Apr. 01, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowances for Trade Receivables	$ 11.9	$ 11.5
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	44,800,000	44,800,000
Common stock, shares outstanding (in shares)	44,800,000	44,800,000

Condensed Consolidated Stateme7

Condensed Consolidated Statements Of Equity (Unaudited) - USD ($) $ in Millions	Total	Common Stock $.01 Par Value	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Non- controlling Interests
Beginning Balance at Jan. 02, 2016	$ 1,982.8	$ 0.4	$ 900.8	$ 1,291.1	$ (255)	$ 45.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	42.7			41.6		1.1
Other Comprehensive Income	36.8				36.4	0.4
Dividends Declared	(10.2)			(10.2)
Stock Options Exercised, Including Income Tax Benefit and Share Cancellations	0.4		0.4
Share-based Compensation	3.3		3.3
Purchase of Subsidiary Shares from Noncontrolling Interest	(19.6)		(7.2)		(2.7)	(9.7)
Ending Balance at Apr. 02, 2016	2,036.2	0.4	897.3	1,322.5	(221.3)	37.3
Beginning Balance at Dec. 31, 2016	2,078.2	0.4	904.5	1,452	(318.1)	39.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	47.6			46.3		1.3
Other Comprehensive Income	56.5				56	0.5
Dividends Declared	(10.8)			(10.8)
Stock Options Exercised and Share Cancellations	(0.7)		(0.7)
Share-based Compensation	3		3
Ending Balance at Apr. 01, 2017	$ 2,173.8	$ 0.4	$ 906.8	$ 1,487.5	$ (262.1)	$ 41.2

Condensed Consolidated Stateme8

Condensed Consolidated Statements Of Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016	Jan. 02, 2016
Statement of Stockholders' Equity [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Dividends declared, per share (in dollars per share)	$ 0.24	$ 0.23

Condensed Consolidated Stateme9

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 47.6	$ 42.7
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities (Net of Acquisitions and Divestitures):
Depreciation and Amortization	34.4	40.1
(Gain) Loss on Sale or Disposition of Assets	(0.1)	0.6
Share-Based Compensation Expense	3	3.3
Gain on Disposal of Businesses	(0.1)	0
Change in Operating Assets and Liabilities, Net of Acquisitions and Divestitures	(34.3)	(28.1)
Net Cash Provided by Operating Activities	50.5	58.6
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Property, Plant and Equipment	(17)	(14.9)
Sales of Investment Securities	0.5	19.3
Purchases of Investment Securities	(0.5)	(21)
Proceeds Received from Disposal of Businesses	0.5	0
Proceeds from Sale of Assets	1	0
Net Cash Used in Investing Activities	(15.5)	(16.6)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings Under Revolving Credit Facility	208.8	221
Repayments Under Revolving Credit Facility	(202)	(188)
Proceeds from Short-Term Borrowings	13.9	12.7
Repayments of Short-Term Borrowings	(14.1)	(12.9)
Repayments of Long-Term Borrowings	(50.1)	(50.1)
Dividends Paid to Shareholders	(10.8)	(10.2)
Payments of Contingent Consideration	(5.3)	0
Proceeds from the Exercise of Stock Options	0.4	0.5
Shares Surrendered for Taxes	(1.1)	(0.4)
Purchase of Subsidiary Shares from Noncontrolling Interest	0	(19.6)
Net Cash Used In Financing Activities	(60.3)	(47)
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS	3.1	1.2
Net Decrease in Cash and Cash Equivalents	(22.2)	(3.8)
Cash and Cash Equivalents at Beginning of Period	284.5	252.9
Cash and Cash Equivalents at End of Period	262.3	249.1
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest	19.1	19.7
Income Taxes	$ 13.8	$ 13

Basis Of Presentation

Basis Of Presentation	3 Months Ended
	Apr. 01, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation	BASIS OF PRESENTATION The accompanying (a) condensed consolidated balance sheet of Regal Beloit Corporation (the “Company”) as of December 31, 2016 , which has been derived from audited consolidated financial statements, and (b) unaudited interim condensed consolidated financial statements as of April 1, 2017 and for the three months ended April 1, 2017 and April 2, 2016 , have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States ("GAAP"), have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. The Company suggests that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s 2016 Annual Report on Form 10-K filed on March 1, 2017 . In the opinion of management, all adjustments considered necessary for a fair presentation of financial results have been made. Except as otherwise discussed, such adjustments consist of only those of a normal recurring nature. Operating results for the three months ended April 1, 2017 are not necessarily indicative of the results that may be expected for the entire fiscal year ending December 30, 2017 . The condensed consolidated financial statements have been prepared in accordance with GAAP, which require the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and revenues and expenses during the periods reported. Actual results could differ from those estimates. The Company uses estimates in accounting for, among other items, allowance for doubtful accounts; excess and obsolete inventory; share-based compensation; acquisitions; product warranty obligations; pension and post retirement assets and liabilities; derivative fair values; goodwill and other asset impairments; health care reserves; retirement benefits; rebates and incentives; litigation claims and contingencies, including environmental matters; and income taxes. The Company accounts for changes to estimates and assumptions when warranted by factually based experience. The Company operates on a 52/53 week fiscal year ending on the Saturday closest to December 31 . New Accounting Standards In February 2017, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2017-07, Compensation—Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The ASU amends current guidance to require employers that present a measure of operating income in their statement of income to include only the service cost component of net periodic pension cost and net periodic postretirement benefit cost in operating expenses (together with other employee compensation costs). The other components of net benefit cost, including amortization of prior service cost/credit, and settlement and curtailment effects, are to be included in nonoperating expenses. Employers that do not present a measure of operating income are required to include the service cost component in the same line item as other employee compensation costs. The ASU also stipulates that only the service cost component of net benefit cost is eligible for capitalization. The changes, which respond to input from financial statement users, are intended to classify costs according to their natures, and better align the effect of defined benefit plans on operating income with International Financial Reporting Standards. The ASU is effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods. The ASU will impact the components of income before taxes but will not impact the amount of income before taxes. In February 2016, the FASB issued ASU 2016-02, Leases. The core principle of ASU 2016-02 is that an entity should recognize on its balance sheet assets and liabilities arising from a lease. In accordance with that principle, ASU 2016-02 requires that a lessee recognize a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying leased asset for the lease term. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee will depend on the lease classification as a finance or operating lease. This new accounting guidance is effective for fiscal years beginning after December 15, 2018 under a modified retrospective approach and early adoption is permitted. The Company has identified a six step process to successfully implement the new Lease standard - Form a task force to become experts and take the lead on understanding and implementing the new Lease standard; Update lease inventories; Decide on transition method; Review legal agreements and debt covenants; Consider IT needs; Discuss with stakeholders. The Company is currently evaluating the impact the adoption of ASU 2016-02 will have on its consolidated financial statements and has commenced the first step of identifying a task force to take the lead in implementing the new Lease standard. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, a comprehensive new revenue recognition standard that supersedes current revenue recognition requirements. This update requires the Company to recognize revenue at amounts that reflect the consideration to which the Company expects to be entitled in exchange for those goods or services at the time of transfer. ASU No. 2014-09 (and related updates) will become effective for the Company at the beginning of its 2018 fiscal year. The standard allows the option of using either a full retrospective or a modified retrospective approach for the adoption of the standard. The Company has not yet selected which approach to apply. The Company has identified a four step process to successfully implement the new Revenue standard - data gathering, assessment, solution development, and solution implementation. The Company has completed step one, data gathering, and is currently finishing the assessment phase. The Company is in the process of evaluating and quantifying the materiality of the standard’s impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation: Improvements to Employee Share-Based Payment Accounting. The new guidance includes multiple provisions intended to simplify various aspects of the accounting for share-based payments. The provisions include: a. recording all tax effects associated with stock-based compensation through the income statement, as opposed to recording certain amounts in other paid-in capital, which eliminates the requirement to calculate a "windfall pool"; b. allowing entities to withhold shares to satisfy the employer's statutory tax withholding requirement up to the highest marginal tax rate applicable to employees rather than the employer's minimum statutory rate, without requiring liability classification for the award; c. modifying the requirement to estimate the number of awards that will ultimately vest by providing an accounting policy election to either estimate the number of forfeitures or recognize forfeitures as they occur; d. changing certain presentation requirements in the statement of cash flows, including removing the requirement to present excess tax benefits as an inflow from financing activities and an outflow from operating activities, and requiring the cash paid to taxing authorities arising from withheld shares to be classified as a financing activity; and e. the assumed proceeds from applying the treasury stock method when computing earnings per share is amended to exclude the amount of excess tax benefits that previously would have been recognized in additional paid-in capital. The Company adopted the provisions of ASU 2016-09 on January 1, 2017. The presentation of the Condensed Consolidated Statements of Cash Flows for shares surrendered by employees to meet the minimum statutory withholding requirement and excess tax benefits were applied retrospectively. As a result of adopting the standard, the Changes in Operating Assets and Liabilities, Net of Acquisitions and Divestitures line in the Cash Flows From Operating Activities section on the Condensed Consolidated Statements of Cash Flows and the Shares Surrendered for Taxes line in the Cash Flows from Financing Activities section were both adjusted by $0.4 million for 2016. The Company removed the excess tax benefits from the calculation of dilutive shares on a prospective basis. In addition, the Company began recording all tax effects associated with stock-based compensation through the income statement on a prospective basis. The Company did not have any awards classified as liability awards due to the statutory tax withholding requirements as of January 1, 2017. The Company made an accounting policy election to continue to estimate forfeitures as it has previously.

Other Financial Information

Other Financial Information	3 Months Ended
	Apr. 01, 2017
Balance Sheet Related Disclosures [Abstract]
Other Financial Information	OTHER FINANCIAL INFORMATION Inventories The approximate percentage distribution between major classes of inventories was as follows: April 1, December 31, Raw Material and Work in Process 48% 45% Finished Goods and Purchased Parts 52% 55% Inventories are stated at cost, which is not in excess of market. Cost for approximately 54% of the Company's inventory at April 1, 2017, and 55% at December 31, 2016 was determined using the LIFO method. Property, Plant and Equipment Property, plant, and equipment by major classification was as follows (dollars in millions): Useful Life in Years April 1, December 31, Land and Improvements $ 78.8 $ 76.7 Buildings and Improvements 3 - 50 286.6 280.4 Machinery and Equipment 3 - 15 949.5 929.9 Property, Plant and Equipment 1,314.9 1,287.0 Less: Accumulated Depreciation (681.7 ) (659.5 ) Net Property, Plant and Equipment $ 633.2 $ 627.5 Other As part of the purchase agreement of the 2008 acquisition of the Wuxi Hwada Motor Co., the Company agreed that if certain relocation compensation was received for the relocation of the business, the Company would pay a portion of that compensation to the seller as part of a deferred contingent purchase price. During the three months ended April 1, 2017, a final deferred contingent purchase price payment of $5.3 million was made under this agreement.

Acquisitions and Divestitures

Acquisitions and Divestitures	3 Months Ended
	Apr. 01, 2017
Business Combinations [Abstract]
Acquisitions and Divestitures	ACQUISITIONS AND DIVESTITURES There were no acquisition related expenses for the three months ended April 1, 2017 and April 2, 2016. 2016 Acquisitions Elco Purchase On January 18, 2016, the Company purchased the remaining shares owned by the joint venture partner in its Elco Group B.V. (“Elco”) joint venture increasing the Company’s ownership from 55.0% to 100.0% for $19.6 million . The purchase price of Elco is reflected as a component of equity. 2016 Divestitures Maste rgear Worldwide On June 1, 2016, the Company sold its Mastergear Worldwide ("Mastergear") business to Rotork PLC for a purchase price of $25.1 million , subject to customary finalization. Mastergear was included in the Company's Power Transmission Solutions segment. Gains related to the sale of $0.1 million and $11.6 million were recorded as a reduction to Operating Expenses in the Condensed Consolidated Statements of Income during fiscal 2017 and 2016, respectively. Venezuelan Subsidiary On July 7, 2016, the Company sold the assets of its Venezuelan subsidiary, which had been included in the Company's Commercial and Industrial Systems segment, to a private company for $3.0 million . Of this amount, $1.0 million was received on the transaction closing date and $2.0 million is to be received in 24 monthly installments. The Company may receive additional amounts in the future related to certain accounts receivable of this business. The gains will be recognized as the cash is received. The Company wrote down its investment and ceased operations of this subsidiary in 2015.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Apr. 01, 2017
Equity [Abstract]
Accumulated Other Comprehensive Loss	ACCUMULATED OTHER COMPREHENSIVE LOSS Foreign currency translation adjustments, hedging activities and pension and post retirement benefit adjustments are included in Equity in Accumulated Other Comprehensive Loss ("AOCI"). The changes in AOCI by component for the three months ended April 1, 2017 and April 2, 2016 were as follows (in millions): Three Months Ended April 1, 2017 Hedging Activities Pension and Post Retirement Benefit Adjustments Foreign Currency Translation Adjustments Total Beginning Balance $ (41.1 ) $ (36.0 ) $ (241.0 ) $ (318.1 ) Other Comprehensive Income (Loss) before Reclassifications 31.3 (0.2 ) 29.1 60.2 Tax Impact (11.9 ) — — (11.9 ) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) 11.7 0.6 — 12.3 Tax Impact (4.4 ) (0.2 ) — (4.6 ) Net Current Period Other Comprehensive Income (Loss) 26.7 0.2 29.1 56.0 Ending Balance $ (14.4 ) $ (35.8 ) $ (211.9 ) $ (262.1 ) Three Months Ended April 2, 2016 Hedging Activities Pension Benefit Adjustments Foreign Currency Translation Adjustments Total Beginning Balance $ (47.5 ) $ (35.4 ) $ (172.1 ) $ (255.0 ) Other Comprehensive Income (Loss) before Reclassifications 3.6 — 25.3 28.9 Tax Impact (1.3 ) — — (1.3 ) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) 13.1 0.9 — 14.0 Tax Impact (5.0 ) (0.2 ) — (5.2 ) Net Current Period Other Comprehensive Income (Loss) 10.4 0.7 25.3 36.4 Purchase of Subsidiary Shares from Noncontrolling Interest — — (2.7 ) (2.7 ) Ending Balance $ (37.1 ) $ (34.7 ) $ (149.5 ) $ (221.3 ) The Condensed Consolidated Statements of Income line items affected by the hedging activities reclassified from Accumulated Other Comprehensive Loss in the tables above are disclosed in Note 13 of Notes to Condensed Consolidated Financial Statements. The reclassification amounts for pension and post retirement benefit adjustments in the tables above are part of net periodic benefit costs recorded in Operating Expenses (see Note 8 of Notes to Condensed Consolidated Financial Statements).

Goodwill And Intangible Assets

Goodwill And Intangible Assets	3 Months Ended
	Apr. 01, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Intangible Assets	GOODWILL AND INTANGIBLE ASSETS Goodwill As required, the Company performs an annual impairment test of goodwill as of the end of the October fiscal month or more frequently if events or circumstances change that would more likely than not reduce the fair value of its reporting units below their carrying value. The following information presents changes to goodwill during the three months ended April 1, 2017 (in millions): Total Commercial and Industrial Systems Climate Solutions Power Transmission Solutions Balance as of December 31, 2016 $ 1,453.2 $ 540.6 $ 341.8 $ 570.8 Translation Adjustments 4.2 2.6 0.9 0.7 Balance as of April 1, 2017 $ 1,457.4 $ 543.2 $ 342.7 $ 571.5 Cumulative Goodwill Impairment Charges $ 275.7 $ 244.8 $ 7.7 $ 23.2 Intangible Assets Intangible assets consisted of the following (in millions): April 1, 2017 December 31, 2016 Weighted Average Amortization Period (Years) Gross Value Accumulated Amortization Gross Value Accumulated Amortization Amortizable Intangible Assets: Customer Relationships 15 $ 706.2 $ 213.3 $ 703.6 $ 201.6 Technology 11 190.2 113.0 189.7 109.5 Trademarks 12 32.1 24.0 31.8 23.3 Patent and Engineering Drawings 5 16.6 16.6 16.6 16.6 Non-Compete Agreements 5 8.3 8.1 8.3 8.1 953.4 375.0 950.0 359.1 Non-Amortizable Trade Names 121.1 — 120.8 — $ 1,074.5 $ 375.0 $ 1,070.8 $ 359.1 Amortization expense recorded for the three months ended April 1, 2017 and April 2, 2016 was $14.1 million and $15.6 million , respectively. Amortization expense for 2017 is estimated to be $55.1 million . Estimated expected future annual amortization for intangible assets is as follows (in millions): Year Estimated Amortization 2018 $ 53.1 2019 52.7 2020 49.6 2021 42.0 2022 40.3

Business Segments

Business Segments	3 Months Ended
	Apr. 01, 2017
Segment Reporting [Abstract]
Business Segments	BUSINESS SEGMENTS The following sets forth certain financial information attributable to the Company's operating segments as of and for the three months ended April 1, 2017 and April 2, 2016 (in millions): Commercial and Industrial Systems Climate Solutions Power Transmission Solutions Eliminations Total As of and for Three Months Ended April 1, 2017 External Sales $ 381.2 $ 247.7 $ 184.6 $ — $ 813.5 Intersegment Sales 15.9 8.2 0.7 (24.8 ) — Total Sales 397.1 255.9 185.3 (24.8 ) 813.5 Gross Profit 95.6 60.7 59.3 — 215.6 Operating Expenses 69.8 29.5 41.5 — 140.8 Income from Operations 25.8 31.2 17.8 — 74.8 Depreciation and Amortization 15.2 5.5 13.7 — 34.4 Capital Expenditures 10.6 4.3 2.1 — 17.0 Identifiable Assets 1,907.3 926.0 1,611.1 — 4,444.4 As of and for Three Months Ended April 2, 2016 External Sales $ 377.6 $ 239.8 $ 200.8 $ — $ 818.2 Intersegment Sales 11.3 5.2 0.9 (17.4 ) — Total Sales 388.9 245.0 201.7 (17.4 ) 818.2 Gross Profit 93.6 56.2 67.6 — 217.4 Operating Expenses 71.9 31.6 44.6 — 148.1 Income from Operations 21.7 24.6 23.0 — 69.3 Depreciation and Amortization 19.7 6.2 14.2 — 40.1 Capital Expenditures 7.3 3.9 3.7 — 14.9 Identifiable Assets 1,949.7 948.1 1,702.4 — 4,600.2 The Commercial and Industrial Systems segment produces medium and large electric motors, power generation products, high-performance drives and controls, and starters. Applications include general commercial and industrial equipment, commercial HVAC, power generation, and oil and gas. The Climate Solutions segment produces small motors, controls and air moving solutions. Applications include residential and light commercial HVAC, commercial refrigeration and water heaters. The Power Transmission Solutions segment produces power transmission gearing, hydraulic pump drives, large open gearing and specialty mechanical products. Applications include material handling, industrial equipment, energy and off-road equipment. The Company evaluates performance based on the segment's income from operations. Corporate costs have been allocated to each segment based on the net sales of each segment. The reported external net sales of each segment are from external customers.

Debt And Bank Credit Facilities

Debt And Bank Credit Facilities	3 Months Ended
	Apr. 01, 2017
Debt Disclosure [Abstract]
Debt And Bank Credit Facilities	DEBT AND BANK CREDIT FACILITIES The Company’s indebtedness as of April 1, 2017 and December 31, 2016 was as follows (in millions): April 1, December 31, Term Facility $ 748.1 $ 798.1 Senior Notes 600.0 600.0 Multicurrency Revolving Facility 24.8 18.0 Other 4.8 5.1 Less: Debt Issuance Costs (8.2 ) (9.7 ) 1,369.5 1,411.5 Less: Current Maturities 100.4 100.6 Non-Current Portion $ 1,269.1 $ 1,310.9 Credit Agreement In connection with the Company's acquisition of the Power Transmission Solutions business of Emerson Electric Co. (the "PTS Acquisition"), on January 30, 2015, the Company entered into a Credit Agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as Administrative Agent and the lenders named therein, providing for a (i) 5 -year unsecured term loan facility in the principal amount of $1.25 billion (the “Term Facility”) and (ii) a 5 -year unsecured multicurrency revolving facility in the principal amount of $500.0 million (the “Multicurrency Revolving Facility”), including a $100.0 million letter of credit sub facility, available for general corporate purposes. Borrowings under the Credit Agreement bear interest at floating rates based upon indices determined by the currency of the borrowing, plus an applicable margin determined by reference to the Company's consolidated funded debt to consolidated EBITDA ratio or at an alternative base rate. The Term Facility was drawn in full on January 30, 2015 in connection with the closing of the PTS Acquisition. The loan under the Term Facility requires quarterly amortization at a rate starting at 5.0% per annum, increasing to 7.5% per annum after two years and further increasing to 10.0% per annum for the last two years of the Term Facility, unless previously prepaid. The weighted average interest rate on the Term Facility was 2.3% for the three months ended April 1, 2017 and 1.9% for the three months ended April 2, 2016. The Credit Agreement requires the Company prepay the loans under the Term Facility with 100% of the net cash proceeds received from specified asset sales and borrowed money indebtedness, subject to certain exceptions. At April 1, 2017, the Company had borrowings under the Multicurrency Revolving Facility in the amount of $24.8 million , $32.2 million of standby letters of credit issued under the facility, and $443.0 million of available borrowing capacity. The average daily balance in borrowings under the Multicurrency Revolving Facility was $103.6 million and the weighted average interest rate on the Multicurrency Revolving Facility was 2.4% for the three months ended April 1, 2017. The average daily balance in borrowings under the Multicurrency Revolving Facility was $75.7 million and the weighted average interest rate on the Multicurrency Revolving Facility was 1.9% for the three months ended April 2, 2016. The Company pays a non-use fee on the aggregate unused amount of the Multicurrency Revolving Facility at a rate determined by reference to its consolidated funded debt to consolidated EBITDA ratio. Senior Notes At April 1, 2017 , the Company had $600.0 million of senior notes (the “Notes”) outstanding. The Notes consist of (i) $500.0 million in senior notes (the “2011 Notes”) in a private placement which were issued in seven tranches with maturities from seven to twelve years and carry fixed interest rates and (ii) $100.0 million in senior notes (the “2007 Notes”) issued in 2007 with a floating interest rate based on a margin over the London Inter-Bank Offered Rate (“LIBOR”). The 2011 Notes are included in Long-Term Debt and the 2007 Notes are included in Current Maturities of Long-Term Debt on the Condensed Consolidated Balance Sheets. Details on the Notes at April 1, 2017 were (in millions): Principal Interest Rate Maturity Floating Rate Series 2007A 100.0 Floating (1) August 23, 2017 Fixed Rate Series 2011A 100.0 4.1% July 14, 2018 Fixed Rate Series 2011A 230.0 4.8 to 5.0% July 14, 2021 Fixed Rate Series 2011A 170.0 4.9 to 5.1% July 14, 2023 $ 600.0 (1) Interest rates vary as LIBOR varies. At April 1, 2017, the interest rate was 1.8%. At December 31, 2016, the interest rate was 1.6% The Company has an interest rate swap agreement to manage fluctuations in cash flows resulting from interest rate risk (see also Note 13 of Notes to the Condensed Consolidated Financial Statements). Financial Covenants The Credit Agreement and the Notes require the Company to meet specified financial ratios and to satisfy certain financial condition tests. The Company was in compliance with all financial covenants contained in the Notes and the Credit Agreement as of April 1, 2017. Other Notes Payable At April 1, 2017, other notes payable of approximately $4.8 million were outstanding with a weighted average interest rate of 5.5% . At December 31, 2016, other notes payable of approximately $5.1 million were outstanding with a weighted average rate of 5.6% . Based on rates for instruments with comparable maturities and credit quality, which are classified as Level 2 inputs (see also Note 14 of Notes to the Condensed Consolidated Financial Statements), the approximate fair value of the Company's total debt was $1,388.6 million and $1,433.4 million as of April 1, 2017 and December 31, 2016, respectively.

Post Retirement Plans

Post Retirement Plans	3 Months Ended
	Apr. 01, 2017
Pension and Other Postretirement Benefit Expense [Abstract]
Post Retirement Plans	POST RETIREMENT PLANS The Company’s net periodic benefit cost was comprised of the following components (in millions): Three Months Ended April 1, April 2, Service Cost $ 1.8 $ 2.1 Interest Cost 2.4 2.4 Expected Return on Plan Assets (2.8 ) (3.0 ) Amortization of Prior Service Cost and Net Actuarial Loss 0.6 0.9 Net Periodic Benefit Cost $ 2.0 $ 2.4 The estimated net actuarial loss and prior service cost for post retirement plans that will be amortized from AOCI into net periodic benefit cost during the 2017 fiscal year is $2.2 million and $0.2 million , respectively. For the three months ended April 1, 2017 and April 2, 2016 , the Company contributed $0.8 million and $1.1 million to post retirement plans, respectively. The Company expects to make total contributions of $4.4 million in 2017 . The Company contributed a total of $10.4 million in fiscal 2016 . The assumptions used in the valuation of the Company’s post retirement plans and in the target investment allocation have remained the same as those disclosed in the Company’s 2016 Annual Report on Form 10-K filed on March 1, 2017 .

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Apr. 01, 2017
Stockholders' Equity Note [Abstract]
Shareholders' Equity	SHAREHOLDERS’ EQUITY Common Stock The Board of Directors has approved a repurchase program of up to 3.0 million common shares of Company stock. Management is authorized to purchase shares from time to time in the open market or through privately negotiated transactions. There were no purchases under this program during the three months ended ending April 1, 2017. There are approximately 2.3 million shares of our common stock available for repurchase under this program. Share-Based Compensation The majority of the Company’s annual share-based incentive awards are made in the fiscal second quarter. The Company recognized approximately $3.0 million and $3.3 million in share-based compensation expense for the three months ended April 1, 2017 and April 2, 2016 , respectively. The total income tax benefit recognized in the Consolidated Statements of Income for share-based compensation expense was $1.1 million and $1.3 million for the three months ended April 1, 2017 and April 2, 2016, respectively. The Company recognizes compensation expense on grants of share-based compensation awards on a straight-line basis over the vesting period of each award. As of April 1, 2017 , total unrecognized compensation cost related to share-based compensation awards was approximately $20.7 million , net of estimated forfeitures, which the Company expects to recognize over a weighted average period of approximately 1.8 years. Approximately 1.4 million shares were available for future grant under the 2013 Equity Incentive Plan at April 1, 2017 . Options and Stock Appreciation Rights The Company uses several forms of share-based incentive awards, including non-qualified stock options, and stock settled stock appreciation rights (“SARs”). Options and SARs generally vest over 5 years and expire 10 years from the grant date. The majority of the Company’s annual share-based incentive awards are made in the fiscal second quarter. All grants are made at prices equal to the fair market value of the stock on the grant date. For the three months ended April 1, 2017 and April 2, 2016, expired and canceled shares were immaterial. The table below presents share-based compensation activity for the three months ended April 1, 2017 and April 2, 2016 (in millions): April 1, April 2, Total Intrinsic Value of Share-Based Incentive Awards Exercised $ 2.5 $ 0.1 Cash Received from Stock Option Exercises 0.4 0.5 Income Tax Benefit from the Exercise of Stock Options 0.4 0.1 Total fair value of share-based incentive awards vested 0.1 — Following is a summary of share-based incentive plan activity (options and SARs) for the three months ended April 1, 2017 : Number of Shares Under Options and SARs Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (in millions) Exercisable at December 31, 2016 1,610,499 $ 63.16 Granted — — Exercised (98,091 ) 49.04 Forfeited (1,180 ) 54.61 Expired (410 ) 75.76 Outstanding at April 1, 2017 1,510,818 $ 64.08 5.7 $ 17.8 Exercisable at April 1, 2017 867,775 $ 62.31 4.0 $ 11.6 Compensation expense recognized related to options and SARs was $1.0 million for the three months ended April 1, 2017. As of April 1, 2017, there was $8.9 million of unrecognized compensation cost related to non-vested options and SARs that is expected to be recognized as a charge to earnings over a weighted average period of 3.1 years . The amount of options expected to vest is materially consistent with those outstanding and not yet exercisable. Restricted Stock Awards and Restricted Stock Units Restricted stock awards ("RSA") and restricted stock units ("RSU") consist of shares or the rights to shares of the Company's stock. The awards are restricted such that they are subject to substantial risk of forfeiture and to restrictions on their sale or other transfer. As defined in the individual grant agreements, acceleration of vesting may occur under a change in control, or death, disability or normal retirement of the grantee. Following is a summary of RSA activity for the three months ended April 1, 2017 : Shares Weighted Average Fair Value at Grant Date Weighted Average Remaining Contractual Term (years) Unvested RSAs at December 31, 2016 19,593 $ 57.43 0.4 Granted — — Vested — — Forfeited — — Unvested RSAs at April 1, 2017 19,593 $ 57.43 0.1 RSAs vest on the first anniversary of the grant date, provided the holder of the shares is continuously employed by or in the service of the Company until the vesting date. Compensation expense recognized related to the RSAs was $0.3 million for the three months ended April 1, 2017 . As of April 1, 2017, there was $0.1 million of unrecognized compensation cost related to non-vested RSAs that is expected to be recognized as a charge to earnings over a weighted average period of 0.1 years . Following is a summary of RSU activity for the three months ended April 1, 2017 : Shares Weighted Average Fair Value at Grant Date Weighted Average Remaining Contractual Term (years) Unvested RSUs at December 31, 2016 277,863 $ 69.23 1.7 Granted 1,700 70.13 Vested (10,530 ) 71.42 Forfeited (615 ) 63.90 Unvested RSUs at April 1, 2017 268,418 $ 69.16 1.5 RSU shares vest on the third anniversary of the grant date, provided the holder of the shares is continuously employed by the Company until the vesting date. Compensation expense recognized related to the RSUs was $1.3 million for the three months ended April 1, 2017 . As of April 1, 2017, there was $8.1 million of unrecognized compensation cost related to non-vested RSUs that is expected to be recognized as a charge to earnings over a weighted average period of 1.5 years . Performance Share Units Performance share unit ("PSU") awards consist of shares or the rights to shares of the Company's stock which are awarded to employees of the Company. These shares are payable upon the determination that the Company achieved certain established performance targets and can range from 0% to 200% of the targeted payout based on the actual results. PSUs have a performance period of 3 years . As set forth in the individual award agreements, acceleration of vesting may occur under a change in control, death or disability. There are no voting rights associated with PSUs until vesting occurs and a share of stock is issued. Some of the PSU awards are valued using a Monte Carlo simulation method as of the grant date while others are valued using the closing market price as of the grant date depending on the performance criteria for the award. Following is a summary of PSU activity for the three months ended April 1, 2017 : Shares Weighted Average Fair Value at Grant Date Weighted Average Remaining Contractual Term (years) Unvested PSUs at December 31, 2016 133,340 $ 65.28 2.0 Granted — — Vested — — Forfeited (2,525 ) 78.56 Unvested PSUs April 1, 2017 130,815 $ 65.02 1.9 Compensation expense for awards granted is recognized based on the Monte Carlo simulation value or the expected payout ratio depending upon the performance criterion for the award, net of estimated forfeitures. Compensation expense recognized related to PSUs was $0.4 million for the three months ended April 1, 2017 . Total unrecognized compensation expense for all PSUs granted as of April 1, 2017 is estimated to be $3.6 million recognized as a charge to earnings over a weighted average period of 1.9 years .

Income Taxes

Income Taxes	3 Months Ended
	Apr. 01, 2017
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The effective tax rate for the three months ended April 1, 2017 was 22.5% compared to 23.0% for the three months ended April 2, 2016 . The change in the effective tax rate for the three months ended April 1, 2017 was primarily driven by the mix of earnings. The lower effective rate as compared to the 35.0% statutory Federal income tax rate is driven by lower foreign tax rates. As of April 1, 2017 and December 31, 2016 , the Company had approximately $10.0 million of unrecognized tax benefits, all of which would impact the effective income tax rate if recognized. Potential interest and penalties related to unrecognized tax benefits are recorded in income tax expense. With few exceptions, the Company is no longer subject to US Federal and state/local income tax examinations by tax authorities for years prior to 2012 , and the Company is no longer subject to non-US income tax examinations by tax authorities for years prior to 2010 .

Earnings Per Share

Earnings Per Share	3 Months Ended
	Apr. 01, 2017
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE Diluted earnings per share is computed based upon earnings applicable to common shares divided by the weighted-average number of common shares outstanding during the period adjusted for the effect of other dilutive securities. Options for common shares where the exercise price was above the market price have been excluded from the calculation of effect of dilutive securities shown below; the amount of the anti-dilutive shares were 0.3 million and 1.2 million for the three months ended April 1, 2017 and April 2, 2016 , respectively. The following table reconciles the basic and diluted shares used in earnings per share calculations for the three months ended April 1, 2017 and April 2, 2016 (in millions): Three Months Ended April 1, April 2, Denominator for Basic Earnings Per Share 44.8 44.7 Effect of Dilutive Securities 0.3 0.3 Denominator for Diluted Earnings Per Share 45.1 45.0

Contingencies

Contingencies	3 Months Ended
	Apr. 01, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingencies	CONTINGENCIES One of the Company's subsidiaries that it acquired in 2007 is subject to numerous claims filed in various jurisdictions relating to certain sub-fractional motors that were primarily manufactured through 2004 and that were included as components of residential and commercial ventilation units manufactured and sold in high volumes by a third party. These ventilation units are subject to regulation by government agencies such as the U.S. Consumer Product Safety Commission (“CPSC”). The claims generally allege that the ventilation units were the cause of fires. The Company has recorded an estimated liability for incurred claims. Based on the current facts, the Company cannot assure that these claims, individually or in the aggregate, will not have a material adverse effect on its subsidiary's financial condition. The Company's subsidiary cannot reasonably predict the outcome of these claims, the nature or extent of any CPSC or other remedial actions, if any, that the Company's subsidiary may need to undertake with respect to motors that remain in the field, or the costs that may be incurred, some of which could be significant. The Company is, from time to time, party to litigation and other legal or regulatory proceedings that arise in the normal course of its business operations and the outcomes of which are subject to significant uncertainty, including product warranty and liability claims, contract disputes and environmental, asbestos, intellectual property, employment and other litigation matters. The Company's products are used in a variety of industrial, commercial and residential applications that subject the Company to claims that the use of its products is alleged to have resulted in injury or other damage. Many of these matters will only be resolved when one or more future events occur or fail to occur. Management conducts regular reviews, including updates from legal counsel, to assess the need for accounting recognition or disclosure of these contingencies, and such assessment inherently involves an exercise in judgment. The Company accrues for exposures in amounts that it believes are adequate, and the Company does not believe that the outcome of any such lawsuit individually or collectively will have a material effect on the Company's financial position, its results of operations or its cash flows. The Company recognizes the cost associated with its standard warranty on its products at the time of sale. The amount recognized is based on historical experience. The following is a reconciliation of the changes in accrued warranty costs for the three months ended April 1, 2017 and April 2, 2016 (in millions): Three Months Ended April 1, April 2, Beginning Balance $ 20.3 $ 19.1 Less: Payments (8.3 ) (5.1 ) Provisions 6.1 3.5 Translation Adjustments 0.1 — Ending Balance $ 18.2 $ 17.5 These liabilities are included in Other Accrued Expenses and Other Noncurrent Liabilities on the Consolidated Balance Sheet.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Apr. 01, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVE INSTRUMENTS The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed using derivative instruments are commodity price risk, currency exchange risk, and interest rate risk. Forward contracts on certain commodities are entered into to manage the price risk associated with forecasted purchases of materials used in the Company's manufacturing process. Forward contracts on certain currencies are entered into to manage forecasted cash flows in certain foreign currencies. Interest rate swaps are entered into to manage interest rate risk associated with the Company's floating rate borrowings. The Company is exposed to credit losses in the event of non-performance by the counterparties to various financial agreements, including its commodity hedging transactions, foreign currency exchange contracts and interest rate swap agreements. Exposure to counterparty credit risk is managed by limiting counterparties to major international banks and financial institutions meeting established credit guidelines and continually monitoring their compliance with the credit guidelines. The Company does not obtain collateral or other security to support financial instruments subject to credit risk. The Company does not anticipate non-performance by its counterparties, but cannot provide assurances. The Company recognizes all derivative instruments as either assets or liabilities at fair value in the statement of financial position. The Company designates commodity forward contracts as cash flow hedges of forecasted purchases of commodities, currency forward contracts as cash flow hedges of forecasted foreign currency cash flows and interest rate swaps as cash flow hedges of forecasted LIBOR-based interest payments. There were no significant collateral deposits on derivative financial instruments as of April 1, 2017 . Cash flow hedges For derivative instruments that are designated and qualify as a cash flow hedge, the effective portion of the gain or loss on the derivative is reported as a component of AOCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing either hedge ineffectiveness or changes in market value of derivatives not designated as hedges are recognized in current earnings. At April 1, 2017 , the Company had $(3.6) million , net of tax, of derivative losses on closed hedge instruments in AOCI that will be realized in earnings when the hedged items impact earnings. At December 31, 2016 , the Company had $(7.5) million , net of tax, of derivative losses on closed hedge instruments in AOCI that was realized in earnings when the hedged items impacted earnings. As of April 1, 2017 , the Company had the following currency forward contracts outstanding (with maturities extending through October 2019 ) to hedge forecasted foreign currency cash flows (in millions): Notional Amount (in US Dollars) Chinese Renminbi $ 322.4 Mexican Peso 238.0 Euro 35.3 Indian Rupee 44.8 Canadian Dollar 39.7 Australian Dollar 14.0 Great Britain Pound 6.3 Thai Baht 5.4 As of April 1, 2017 , the Company had the following commodity forward contracts outstanding (with maturities extending through June 2018 ) to hedge forecasted purchases of commodities (notional amounts expressed in terms of the dollar value of the hedged item (in millions): Notional Amount Copper $ 59.8 Aluminum 6.2 As of April 1, 2017 , the total notional amount of the Company’s receive-variable/pay-fixed interest rate swap was $100.0 million (with maturity in August 2017 ). Fair values of derivative instruments as of April 1, 2017 and December 31, 2016 were (in millions): April 1, 2017 Prepaid Expenses and Other Current Assets Other Noncurrent Assets Current Hedging Obligations Noncurrent Hedging Obligations Designated as Hedging Instruments: Interest Rate Swap Contracts $ — $ — $ 2.2 $ — Currency Contracts 4.5 2.6 22.6 4.0 Commodity Contracts 4.5 — 0.3 — Not Designated as Hedging Instruments: Currency Contracts 4.5 — 1.0 — Commodity Contracts 2.9 — — — Total Derivatives $ 16.4 $ 2.6 $ 26.1 $ 4.0 December 31, 2016 Prepaid Expenses and Other Current Assets Other Noncurrent Assets Current Hedging Obligations Noncurrent Hedging Obligations Designated as Hedging Instruments: Interest Rate Swap Contracts $ — $ — $ 3.3 $ — Currency Contracts 1.3 0.4 39.7 17.6 Commodity Contracts 4.7 — — — Not designated as Hedging Instruments: Currency Contracts 1.5 — 6.0 — Commodity Contracts 2.6 — — — Total Derivatives $ 10.1 $ 0.4 $ 49.0 $ 17.6 The effect of derivative instruments on the Condensed Consolidated Statements of Income and Comprehensive Income (pre-tax) was as follows (in millions): Derivatives Designated as Cash Flow Hedging Instruments (in millions): Three Months Ended April 1, 2017 April 2, 2016 Commodity Forwards Currency Forwards Interest Rate Swaps Total Commodity Forwards Currency Forwards Interest Rate Swaps Total Gain (Loss) Recognized in Other Comprehensive Income (Loss) $ 2.3 $ 29.0 $ — $ 31.3 $ 1.4 $ 2.6 $ (0.4 ) $ 3.6 Amounts Reclassified from Other Comprehensive Income (Loss): Gain recognized in Net Sales — 0.1 — 0.1 — — — — Gain (Loss) Recognized in Cost of Sales 0.9 (11.6 ) — (10.7 ) (5.4 ) (6.5 ) — (11.9 ) Loss Recognized in Interest Expense — — (1.1 ) (1.1 ) — — (1.2 ) (1.2 ) The ineffective portion of hedging instruments recognized during the three months ended April 1, 2017 and April 2, 2016 , respectively, was immaterial. Derivatives Not Designated as Cash Flow Hedging Instruments (in millions): Three Months Ended April 1, 2017 April 2, 2016 Commodity Forwards Currency Forwards Commodity Forwards Currency Forwards Gain Recognized in Cost of Sales $ 1.6 $ — $ — $ 0.9 Gain Recognized in Operating Expenses — 4.4 0.1 — The net AOCI hedging component balance of $(14.4) million loss at April 1, 2017 includes $(6.0) million of net current deferred losses expected to be realized in the next twelve months . The Company's commodity and currency derivative contracts are subject to master netting agreements with the respective counterparties which allow the Company to net settle transactions with a single net amount payable by one party to another party. The Company has elected to present the derivative assets and derivative liabilities on the Condensed Consolidated Balance Sheets on a gross basis for the periods ended April 1, 2017 and December 31, 2016 . The following table presents the derivative assets and derivative liabilities presented on a net basis under enforceable master netting agreements (in millions): April 1, 2017 Gross Amounts as Presented in the Condensed Consolidated Balance Sheet Derivative Contract Amounts Subject to Right of Offset Derivative Contracts as Presented on a Net Basis Prepaid Expenses and Other Current Assets: Derivative Currency Contracts $ 9.0 $ (4.9 ) $ 4.1 Derivative Commodity Contracts 7.4 (0.3 ) 7.1 Other Noncurrent Assets: Derivative Currency Contracts 2.6 (1.6 ) 1.0 Current Hedging Obligations: Derivative Currency Contracts 23.6 (4.9 ) 18.7 Derivative Commodity Contracts 0.3 (0.3 ) — Noncurrent Hedging Obligations: Derivative Currency Contracts 4.0 (1.6 ) 2.4 December 31, 2016 Gross Amounts as Presented in the Condensed Consolidated Balance Sheet Derivative Contract Amounts Subject to Right of Offset Derivative Contracts as Presented on a Net Basis Prepaid Expenses and Other Current Assets: Derivative Currency Contracts $ 2.8 $ (1.7 ) $ 1.1 Derivative Commodity Contracts 7.3 — 7.3 Other Noncurrent Assets: Derivative Currency Contracts 0.4 (0.2 ) 0.2 Current Hedging Obligations: Derivative Currency Contracts 45.7 (1.7 ) 44.0 Noncurrent Hedging Obligations: Derivative Currency Contracts 17.6 (0.2 ) 17.4

Fair Value

Fair Value	3 Months Ended
	Apr. 01, 2017
Fair Value Disclosures [Abstract]
Fair Value	FAIR VALUE Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The inputs used to measure fair value are classified into the following hierarchy: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities Level 2 Unadjusted quoted prices in active markets for similar assets or liabilities, or Unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or Inputs other than quoted prices that are observable for the asset or liability Level 3 Unobservable inputs for the asset or liability The Company uses the best available information in measuring fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The fair values of cash equivalents and term deposits approximate their carrying values as of April 1, 2017 and December 31, 2016 , due to the short period of time to maturity and are classified using Level 1 inputs. The fair values of trade receivables and accounts payable approximate the carrying values due to the short period of time to maturity. See Note 7 of Notes to Condensed Consolidated Financial Statements for disclosure of the approximate fair value of the Company's debt at April 1, 2017 and December 31, 2016 . The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of April 1, 2017 and December 31, 2016 (in millions): April 1, December 31, Classification Assets: Prepaid Expenses and Other Current Assets: Derivative Currency Contracts $ 9.0 $ 2.8 Level 2 Derivative Commodity Contracts 7.4 7.3 Level 2 Other Noncurrent Assets: Assets Held in Rabbi Trust 5.5 5.4 Level 1 Derivative Currency Contracts 2.6 0.4 Level 2 Liabilities: Current Hedging Obligations: Interest Rate Swap 2.2 3.3 Level 2 Derivative Currency Contracts 23.6 45.7 Level 2 Derivative Commodity Contracts 0.3 — Level 2 Noncurrent Hedging Obligations: Derivative Currency Contracts 4.0 17.6 Level 2 Level 1 fair value measurements for assets held in a Rabbi Trust are unadjusted quoted prices. Level 2 fair value measurements for derivative assets and liabilities are measured using quoted prices in active markets for similar assets and liabilities. Interest rate swaps are valued based on the discounted cash flows for the LIBOR forward yield curve for a swap with similar contractual terms. Foreign currency forwards are valued based on exchange rates quoted by domestic and foreign banks for similar instruments. Commodity forwards are valued based on observable market transactions of forward commodity prices. During the three months ended April 1, 2017 , there were no transfers between classification Levels 1, 2 or 3.

Restructuring and Related Costs

Restructuring and Related Costs	3 Months Ended
	Apr. 01, 2017
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	RESTRUCTURING AND RELATED COSTS The Company incurred restructuring and restructuring related costs on projects beginning in 2014. Restructuring costs include employee termination and plant relocation costs. Restructuring-related costs include costs directly associated with actions resulting from our Simplification initiatives, such as asset write-downs or accelerated depreciation due to shortened useful lives in connection with site closures, discretionary employment benefit costs and other facility rationalization costs. Restructuring costs for employee termination expenses are generally required to be accrued over the employees remaining service period while restructuring costs for plant relocation costs and restructuring-related costs are generally required to be expensed as incurred. The following is a reconciliation of provisions and payments for the restructuring projects for the three months ended April 1, 2017 and April 2, 2016 , respectively (in millions): Three Months Ended April 1, April 2, Beginning Balance $ 0.6 $ 1.3 Provision 3.2 1.4 Less: Payments 2.8 1.7 Ending Balance $ 1.0 $ 1.0 The following is a reconciliation of restructuring and restructuring-related costs for the restructuring projects for the three months ended April 1, 2017 and April 2, 2016, respectively (in millions): Three Months Ended April 1, 2017 April 2, 2016 Restructuring Costs: Cost of Sales Operating Expenses Total Cost of Sales Operating Expenses Total Employee Termination Expenses $ 1.2 $ 0.6 $ 1.8 $ 0.2 $ — $ 0.2 Facility Related Costs 0.7 0.2 0.9 0.1 — 0.1 Total Restructuring Costs $ 1.9 $ 0.8 $ 2.7 $ 0.3 $ — $ 0.3 Restructuring Related Costs: Other Employment Benefit Expenses $ 0.5 $ — $ 0.5 $ 0.5 $ 0.6 $ 1.1 Total Restructuring Related Costs $ 0.5 $ — $ 0.5 $ 0.5 $ 0.6 $ 1.1 Total Restructuring and Restructuring Related Costs $ 2.4 $ 0.8 $ 3.2 $ 0.8 $ 0.6 $ 1.4 The following table shows the allocation of Restructuring Costs by segment for the three months ended April 1, 2017 and April 2, 2016. (in millions): Total Commercial and Industrial Systems Climate Solutions Power Transmission Solutions Restructuring Costs - Three Months Ended April 1, 2017 $ 3.2 $ 1.7 $ 1.1 $ 0.4 Restructuring Costs - Three Months Ended April 2, 2016 $ 1.4 $ 0.1 $ 1.3 $ — The Company's current restructuring activities are expected to continue into 2018. The Company expects to record aggregate future charges of approximately $10.5 million which includes $3.5 million of employee termination expenses and $7.0 million of facility related and other costs.

Subsequent Event

Subsequent Event	3 Months Ended
	Apr. 01, 2017
Subsequent Events [Abstract]
Subsequent Event	SUBSEQUENT EVENT The Company has evaluated subsequent events from April 1, 2017 through the date of this report. The Company is not aware of any subsequent events that would require recognition or disclosure.

Basis Of Presentation (Policies

Basis Of Presentation (Policies)	3 Months Ended
	Apr. 01, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Standards	New Accounting Standards In February 2017, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2017-07, Compensation—Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The ASU amends current guidance to require employers that present a measure of operating income in their statement of income to include only the service cost component of net periodic pension cost and net periodic postretirement benefit cost in operating expenses (together with other employee compensation costs). The other components of net benefit cost, including amortization of prior service cost/credit, and settlement and curtailment effects, are to be included in nonoperating expenses. Employers that do not present a measure of operating income are required to include the service cost component in the same line item as other employee compensation costs. The ASU also stipulates that only the service cost component of net benefit cost is eligible for capitalization. The changes, which respond to input from financial statement users, are intended to classify costs according to their natures, and better align the effect of defined benefit plans on operating income with International Financial Reporting Standards. The ASU is effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods. The ASU will impact the components of income before taxes but will not impact the amount of income before taxes. In February 2016, the FASB issued ASU 2016-02, Leases. The core principle of ASU 2016-02 is that an entity should recognize on its balance sheet assets and liabilities arising from a lease. In accordance with that principle, ASU 2016-02 requires that a lessee recognize a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying leased asset for the lease term. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee will depend on the lease classification as a finance or operating lease. This new accounting guidance is effective for fiscal years beginning after December 15, 2018 under a modified retrospective approach and early adoption is permitted. The Company has identified a six step process to successfully implement the new Lease standard - Form a task force to become experts and take the lead on understanding and implementing the new Lease standard; Update lease inventories; Decide on transition method; Review legal agreements and debt covenants; Consider IT needs; Discuss with stakeholders. The Company is currently evaluating the impact the adoption of ASU 2016-02 will have on its consolidated financial statements and has commenced the first step of identifying a task force to take the lead in implementing the new Lease standard. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, a comprehensive new revenue recognition standard that supersedes current revenue recognition requirements. This update requires the Company to recognize revenue at amounts that reflect the consideration to which the Company expects to be entitled in exchange for those goods or services at the time of transfer. ASU No. 2014-09 (and related updates) will become effective for the Company at the beginning of its 2018 fiscal year. The standard allows the option of using either a full retrospective or a modified retrospective approach for the adoption of the standard. The Company has not yet selected which approach to apply. The Company has identified a four step process to successfully implement the new Revenue standard - data gathering, assessment, solution development, and solution implementation. The Company has completed step one, data gathering, and is currently finishing the assessment phase. The Company is in the process of evaluating and quantifying the materiality of the standard’s impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation: Improvements to Employee Share-Based Payment Accounting. The new guidance includes multiple provisions intended to simplify various aspects of the accounting for share-based payments. The provisions include: a. recording all tax effects associated with stock-based compensation through the income statement, as opposed to recording certain amounts in other paid-in capital, which eliminates the requirement to calculate a "windfall pool"; b. allowing entities to withhold shares to satisfy the employer's statutory tax withholding requirement up to the highest marginal tax rate applicable to employees rather than the employer's minimum statutory rate, without requiring liability classification for the award; c. modifying the requirement to estimate the number of awards that will ultimately vest by providing an accounting policy election to either estimate the number of forfeitures or recognize forfeitures as they occur; d. changing certain presentation requirements in the statement of cash flows, including removing the requirement to present excess tax benefits as an inflow from financing activities and an outflow from operating activities, and requiring the cash paid to taxing authorities arising from withheld shares to be classified as a financing activity; and e. the assumed proceeds from applying the treasury stock method when computing earnings per share is amended to exclude the amount of excess tax benefits that previously would have been recognized in additional paid-in capital. The Company adopted the provisions of ASU 2016-09 on January 1, 2017. The presentation of the Condensed Consolidated Statements of Cash Flows for shares surrendered by employees to meet the minimum statutory withholding requirement and excess tax benefits were applied retrospectively. As a result of adopting the standard, the Changes in Operating Assets and Liabilities, Net of Acquisitions and Divestitures line in the Cash Flows From Operating Activities section on the Condensed Consolidated Statements of Cash Flows and the Shares Surrendered for Taxes line in the Cash Flows from Financing Activities section were both adjusted by $0.4 million for 2016. The Company removed the excess tax benefits from the calculation of dilutive shares on a prospective basis. In addition, the Company began recording all tax effects associated with stock-based compensation through the income statement on a prospective basis. The Company did not have any awards classified as liability awards due to the statutory tax withholding requirements as of January 1, 2017. The Company made an accounting policy election to continue to estimate forfeitures as it has previously.

Other Financial Information (Ta

Other Financial Information (Tables)	3 Months Ended
	Apr. 01, 2017
Balance Sheet Related Disclosures [Abstract]
Percentage Distribution Between Major Classes of Inventory	The approximate percentage distribution between major classes of inventories was as follows: April 1, December 31, Raw Material and Work in Process 48% 45% Finished Goods and Purchased Parts 52% 55%
Property, Plant, And Equipment By Major Classification	Property, plant, and equipment by major classification was as follows (dollars in millions): Useful Life in Years April 1, December 31, Land and Improvements $ 78.8 $ 76.7 Buildings and Improvements 3 - 50 286.6 280.4 Machinery and Equipment 3 - 15 949.5 929.9 Property, Plant and Equipment 1,314.9 1,287.0 Less: Accumulated Depreciation (681.7 ) (659.5 ) Net Property, Plant and Equipment $ 633.2 $ 627.5

Accumulated Other Comprehensi28

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Apr. 01, 2017
Equity [Abstract]
Changes In Accumulated Other Comprehensive Loss By Component, Net Of Tax	The changes in AOCI by component for the three months ended April 1, 2017 and April 2, 2016 were as follows (in millions): Three Months Ended April 1, 2017 Hedging Activities Pension and Post Retirement Benefit Adjustments Foreign Currency Translation Adjustments Total Beginning Balance $ (41.1 ) $ (36.0 ) $ (241.0 ) $ (318.1 ) Other Comprehensive Income (Loss) before Reclassifications 31.3 (0.2 ) 29.1 60.2 Tax Impact (11.9 ) — — (11.9 ) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) 11.7 0.6 — 12.3 Tax Impact (4.4 ) (0.2 ) — (4.6 ) Net Current Period Other Comprehensive Income (Loss) 26.7 0.2 29.1 56.0 Ending Balance $ (14.4 ) $ (35.8 ) $ (211.9 ) $ (262.1 ) Three Months Ended April 2, 2016 Hedging Activities Pension Benefit Adjustments Foreign Currency Translation Adjustments Total Beginning Balance $ (47.5 ) $ (35.4 ) $ (172.1 ) $ (255.0 ) Other Comprehensive Income (Loss) before Reclassifications 3.6 — 25.3 28.9 Tax Impact (1.3 ) — — (1.3 ) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) 13.1 0.9 — 14.0 Tax Impact (5.0 ) (0.2 ) — (5.2 ) Net Current Period Other Comprehensive Income (Loss) 10.4 0.7 25.3 36.4 Purchase of Subsidiary Shares from Noncontrolling Interest — — (2.7 ) (2.7 ) Ending Balance $ (37.1 ) $ (34.7 ) $ (149.5 ) $ (221.3 )

Goodwill And Intangible Assets

Goodwill And Intangible Assets (Tables)	3 Months Ended
	Apr. 01, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule Of Changes To Goodwill	The following information presents changes to goodwill during the three months ended April 1, 2017 (in millions): Total Commercial and Industrial Systems Climate Solutions Power Transmission Solutions Balance as of December 31, 2016 $ 1,453.2 $ 540.6 $ 341.8 $ 570.8 Translation Adjustments 4.2 2.6 0.9 0.7 Balance as of April 1, 2017 $ 1,457.4 $ 543.2 $ 342.7 $ 571.5 Cumulative Goodwill Impairment Charges $ 275.7 $ 244.8 $ 7.7 $ 23.2
Schedule Of Finite-Lived Intangible Assets	Intangible assets consisted of the following (in millions): April 1, 2017 December 31, 2016 Weighted Average Amortization Period (Years) Gross Value Accumulated Amortization Gross Value Accumulated Amortization Amortizable Intangible Assets: Customer Relationships 15 $ 706.2 $ 213.3 $ 703.6 $ 201.6 Technology 11 190.2 113.0 189.7 109.5 Trademarks 12 32.1 24.0 31.8 23.3 Patent and Engineering Drawings 5 16.6 16.6 16.6 16.6 Non-Compete Agreements 5 8.3 8.1 8.3 8.1 953.4 375.0 950.0 359.1 Non-Amortizable Trade Names 121.1 — 120.8 — $ 1,074.5 $ 375.0 $ 1,070.8 $ 359.1
Schedule Of Indefinite-Lived Intangible Assets	Intangible assets consisted of the following (in millions): April 1, 2017 December 31, 2016 Weighted Average Amortization Period (Years) Gross Value Accumulated Amortization Gross Value Accumulated Amortization Amortizable Intangible Assets: Customer Relationships 15 $ 706.2 $ 213.3 $ 703.6 $ 201.6 Technology 11 190.2 113.0 189.7 109.5 Trademarks 12 32.1 24.0 31.8 23.3 Patent and Engineering Drawings 5 16.6 16.6 16.6 16.6 Non-Compete Agreements 5 8.3 8.1 8.3 8.1 953.4 375.0 950.0 359.1 Non-Amortizable Trade Names 121.1 — 120.8 — $ 1,074.5 $ 375.0 $ 1,070.8 $ 359.1
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Estimated expected future annual amortization for intangible assets is as follows (in millions): Year Estimated Amortization 2018 $ 53.1 2019 52.7 2020 49.6 2021 42.0 2022 40.3

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Apr. 01, 2017
Segment Reporting [Abstract]
Schedule Of Reportable Segments	The following sets forth certain financial information attributable to the Company's operating segments as of and for the three months ended April 1, 2017 and April 2, 2016 (in millions): Commercial and Industrial Systems Climate Solutions Power Transmission Solutions Eliminations Total As of and for Three Months Ended April 1, 2017 External Sales $ 381.2 $ 247.7 $ 184.6 $ — $ 813.5 Intersegment Sales 15.9 8.2 0.7 (24.8 ) — Total Sales 397.1 255.9 185.3 (24.8 ) 813.5 Gross Profit 95.6 60.7 59.3 — 215.6 Operating Expenses 69.8 29.5 41.5 — 140.8 Income from Operations 25.8 31.2 17.8 — 74.8 Depreciation and Amortization 15.2 5.5 13.7 — 34.4 Capital Expenditures 10.6 4.3 2.1 — 17.0 Identifiable Assets 1,907.3 926.0 1,611.1 — 4,444.4 As of and for Three Months Ended April 2, 2016 External Sales $ 377.6 $ 239.8 $ 200.8 $ — $ 818.2 Intersegment Sales 11.3 5.2 0.9 (17.4 ) — Total Sales 388.9 245.0 201.7 (17.4 ) 818.2 Gross Profit 93.6 56.2 67.6 — 217.4 Operating Expenses 71.9 31.6 44.6 — 148.1 Income from Operations 21.7 24.6 23.0 — 69.3 Depreciation and Amortization 19.7 6.2 14.2 — 40.1 Capital Expenditures 7.3 3.9 3.7 — 14.9 Identifiable Assets 1,949.7 948.1 1,702.4 — 4,600.2

Debt And Bank Credit Faciliti31

Debt And Bank Credit Facilities (Tables)	3 Months Ended
	Apr. 01, 2017
Debt Disclosure [Abstract]
Schedule Of Indebtedness	The Company’s indebtedness as of April 1, 2017 and December 31, 2016 was as follows (in millions): April 1, December 31, Term Facility $ 748.1 $ 798.1 Senior Notes 600.0 600.0 Multicurrency Revolving Facility 24.8 18.0 Other 4.8 5.1 Less: Debt Issuance Costs (8.2 ) (9.7 ) 1,369.5 1,411.5 Less: Current Maturities 100.4 100.6 Non-Current Portion $ 1,269.1 $ 1,310.9
Details On The Senior Notes	Details on the Notes at April 1, 2017 were (in millions): Principal Interest Rate Maturity Floating Rate Series 2007A 100.0 Floating (1) August 23, 2017 Fixed Rate Series 2011A 100.0 4.1% July 14, 2018 Fixed Rate Series 2011A 230.0 4.8 to 5.0% July 14, 2021 Fixed Rate Series 2011A 170.0 4.9 to 5.1% July 14, 2023 $ 600.0 (1) Interest rates vary as LIBOR varies. At April 1, 2017, the interest rate was 1.8%. At December 31, 2016, the interest rate was 1.6%

Post Retirement Plans (Tables)

Post Retirement Plans (Tables)	3 Months Ended
	Apr. 01, 2017
Pension and Other Postretirement Benefit Expense [Abstract]
Schedule Of Net Periodic Defined Benefit Pension Cost	The Company’s net periodic benefit cost was comprised of the following components (in millions): Three Months Ended April 1, April 2, Service Cost $ 1.8 $ 2.1 Interest Cost 2.4 2.4 Expected Return on Plan Assets (2.8 ) (3.0 ) Amortization of Prior Service Cost and Net Actuarial Loss 0.6 0.9 Net Periodic Benefit Cost $ 2.0 $ 2.4

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Apr. 01, 2017
Stockholders' Equity Note [Abstract]
Schedule Of Share-Based Compensation Activity	The table below presents share-based compensation activity for the three months ended April 1, 2017 and April 2, 2016 (in millions): April 1, April 2, Total Intrinsic Value of Share-Based Incentive Awards Exercised $ 2.5 $ 0.1 Cash Received from Stock Option Exercises 0.4 0.5 Income Tax Benefit from the Exercise of Stock Options 0.4 0.1 Total fair value of share-based incentive awards vested 0.1 —
Summary Of Share-Based Incentive Plan Grant Activity For Options and SAR's	Following is a summary of share-based incentive plan activity (options and SARs) for the three months ended April 1, 2017 : Number of Shares Under Options and SARs Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (in millions) Exercisable at December 31, 2016 1,610,499 $ 63.16 Granted — — Exercised (98,091 ) 49.04 Forfeited (1,180 ) 54.61 Expired (410 ) 75.76 Outstanding at April 1, 2017 1,510,818 $ 64.08 5.7 $ 17.8 Exercisable at April 1, 2017 867,775 $ 62.31 4.0 $ 11.6
Summary Of RSA Award Activity	Following is a summary of RSA activity for the three months ended April 1, 2017 : Shares Weighted Average Fair Value at Grant Date Weighted Average Remaining Contractual Term (years) Unvested RSAs at December 31, 2016 19,593 $ 57.43 0.4 Granted — — Vested — — Forfeited — — Unvested RSAs at April 1, 2017 19,593 $ 57.43 0.1
Summary Of RSU Award Activity	Following is a summary of RSU activity for the three months ended April 1, 2017 : Shares Weighted Average Fair Value at Grant Date Weighted Average Remaining Contractual Term (years) Unvested RSUs at December 31, 2016 277,863 $ 69.23 1.7 Granted 1,700 70.13 Vested (10,530 ) 71.42 Forfeited (615 ) 63.90 Unvested RSUs at April 1, 2017 268,418 $ 69.16 1.5
Summary Of PSU Award Activity	Following is a summary of PSU activity for the three months ended April 1, 2017 : Shares Weighted Average Fair Value at Grant Date Weighted Average Remaining Contractual Term (years) Unvested PSUs at December 31, 2016 133,340 $ 65.28 2.0 Granted — — Vested — — Forfeited (2,525 ) 78.56 Unvested PSUs April 1, 2017 130,815 $ 65.02 1.9

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Apr. 01, 2017
Earnings Per Share [Abstract]
Schedule Of Reconciliation Of Basic And Diluted Shares Used in EPS	The following table reconciles the basic and diluted shares used in earnings per share calculations for the three months ended April 1, 2017 and April 2, 2016 (in millions): Three Months Ended April 1, April 2, Denominator for Basic Earnings Per Share 44.8 44.7 Effect of Dilutive Securities 0.3 0.3 Denominator for Diluted Earnings Per Share 45.1 45.0

Contingencies (Tables)

Contingencies (Tables)	3 Months Ended
	Apr. 01, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule Of Accrued Warranty Costs	The following is a reconciliation of the changes in accrued warranty costs for the three months ended April 1, 2017 and April 2, 2016 (in millions): Three Months Ended April 1, April 2, Beginning Balance $ 20.3 $ 19.1 Less: Payments (8.3 ) (5.1 ) Provisions 6.1 3.5 Translation Adjustments 0.1 — Ending Balance $ 18.2 $ 17.5

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Apr. 01, 2017
Derivative [Line Items]
Schedule Of Fair Values Of Derivative Instruments	Fair values of derivative instruments as of April 1, 2017 and December 31, 2016 were (in millions): April 1, 2017 Prepaid Expenses and Other Current Assets Other Noncurrent Assets Current Hedging Obligations Noncurrent Hedging Obligations Designated as Hedging Instruments: Interest Rate Swap Contracts $ — $ — $ 2.2 $ — Currency Contracts 4.5 2.6 22.6 4.0 Commodity Contracts 4.5 — 0.3 — Not Designated as Hedging Instruments: Currency Contracts 4.5 — 1.0 — Commodity Contracts 2.9 — — — Total Derivatives $ 16.4 $ 2.6 $ 26.1 $ 4.0 December 31, 2016 Prepaid Expenses and Other Current Assets Other Noncurrent Assets Current Hedging Obligations Noncurrent Hedging Obligations Designated as Hedging Instruments: Interest Rate Swap Contracts $ — $ — $ 3.3 $ — Currency Contracts 1.3 0.4 39.7 17.6 Commodity Contracts 4.7 — — — Not designated as Hedging Instruments: Currency Contracts 1.5 — 6.0 — Commodity Contracts 2.6 — — — Total Derivatives $ 10.1 $ 0.4 $ 49.0 $ 17.6
Schedule Of Derivatives Under Enforceable Master Netting Agreements	The following table presents the derivative assets and derivative liabilities presented on a net basis under enforceable master netting agreements (in millions): April 1, 2017 Gross Amounts as Presented in the Condensed Consolidated Balance Sheet Derivative Contract Amounts Subject to Right of Offset Derivative Contracts as Presented on a Net Basis Prepaid Expenses and Other Current Assets: Derivative Currency Contracts $ 9.0 $ (4.9 ) $ 4.1 Derivative Commodity Contracts 7.4 (0.3 ) 7.1 Other Noncurrent Assets: Derivative Currency Contracts 2.6 (1.6 ) 1.0 Current Hedging Obligations: Derivative Currency Contracts 23.6 (4.9 ) 18.7 Derivative Commodity Contracts 0.3 (0.3 ) — Noncurrent Hedging Obligations: Derivative Currency Contracts 4.0 (1.6 ) 2.4 December 31, 2016 Gross Amounts as Presented in the Condensed Consolidated Balance Sheet Derivative Contract Amounts Subject to Right of Offset Derivative Contracts as Presented on a Net Basis Prepaid Expenses and Other Current Assets: Derivative Currency Contracts $ 2.8 $ (1.7 ) $ 1.1 Derivative Commodity Contracts 7.3 — 7.3 Other Noncurrent Assets: Derivative Currency Contracts 0.4 (0.2 ) 0.2 Current Hedging Obligations: Derivative Currency Contracts 45.7 (1.7 ) 44.0 Noncurrent Hedging Obligations: Derivative Currency Contracts 17.6 (0.2 ) 17.4
Designated as Hedging Instruments:
Derivative [Line Items]
Schedule Of Cash Flow Hedging Instruments	The effect of derivative instruments on the Condensed Consolidated Statements of Income and Comprehensive Income (pre-tax) was as follows (in millions): Derivatives Designated as Cash Flow Hedging Instruments (in millions): Three Months Ended April 1, 2017 April 2, 2016 Commodity Forwards Currency Forwards Interest Rate Swaps Total Commodity Forwards Currency Forwards Interest Rate Swaps Total Gain (Loss) Recognized in Other Comprehensive Income (Loss) $ 2.3 $ 29.0 $ — $ 31.3 $ 1.4 $ 2.6 $ (0.4 ) $ 3.6 Amounts Reclassified from Other Comprehensive Income (Loss): Gain recognized in Net Sales — 0.1 — 0.1 — — — — Gain (Loss) Recognized in Cost of Sales 0.9 (11.6 ) — (10.7 ) (5.4 ) (6.5 ) — (11.9 ) Loss Recognized in Interest Expense — — (1.1 ) (1.1 ) — — (1.2 ) (1.2 )
Not designated as Hedging Instruments:
Derivative [Line Items]
Schedule Of Cash Flow Hedging Instruments	The ineffective portion of hedging instruments recognized during the three months ended April 1, 2017 and April 2, 2016 , respectively, was immaterial. Derivatives Not Designated as Cash Flow Hedging Instruments (in millions): Three Months Ended April 1, 2017 April 2, 2016 Commodity Forwards Currency Forwards Commodity Forwards Currency Forwards Gain Recognized in Cost of Sales $ 1.6 $ — $ — $ 0.9 Gain Recognized in Operating Expenses — 4.4 0.1 —
Currency Forward Contracts
Derivative [Line Items]
Schedule Of Notional Amounts Of Forward Contracts	As of April 1, 2017 , the Company had the following currency forward contracts outstanding (with maturities extending through October 2019 ) to hedge forecasted foreign currency cash flows (in millions): Notional Amount (in US Dollars) Chinese Renminbi $ 322.4 Mexican Peso 238.0 Euro 35.3 Indian Rupee 44.8 Canadian Dollar 39.7 Australian Dollar 14.0 Great Britain Pound 6.3 Thai Baht 5.4
Commodity Forward Contracts
Derivative [Line Items]
Schedule Of Notional Amounts Of Forward Contracts	As of April 1, 2017 , the Company had the following commodity forward contracts outstanding (with maturities extending through June 2018 ) to hedge forecasted purchases of commodities (notional amounts expressed in terms of the dollar value of the hedged item (in millions): Notional Amount Copper $ 59.8 Aluminum 6.2

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Apr. 01, 2017
Fair Value Disclosures [Abstract]
Schedule Of Financial Assets And Liabilities At Fair Value	The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of April 1, 2017 and December 31, 2016 (in millions): April 1, December 31, Classification Assets: Prepaid Expenses and Other Current Assets: Derivative Currency Contracts $ 9.0 $ 2.8 Level 2 Derivative Commodity Contracts 7.4 7.3 Level 2 Other Noncurrent Assets: Assets Held in Rabbi Trust 5.5 5.4 Level 1 Derivative Currency Contracts 2.6 0.4 Level 2 Liabilities: Current Hedging Obligations: Interest Rate Swap 2.2 3.3 Level 2 Derivative Currency Contracts 23.6 45.7 Level 2 Derivative Commodity Contracts 0.3 — Level 2 Noncurrent Hedging Obligations: Derivative Currency Contracts 4.0 17.6 Level 2

Restructuring and Related Cos38

Restructuring and Related Costs (Tables)	3 Months Ended
	Apr. 01, 2017
Restructuring and Related Activities [Abstract]
Schedule Of Restructuring Reserve	The following is a reconciliation of provisions and payments for the restructuring projects for the three months ended April 1, 2017 and April 2, 2016 , respectively (in millions): Three Months Ended April 1, April 2, Beginning Balance $ 0.6 $ 1.3 Provision 3.2 1.4 Less: Payments 2.8 1.7 Ending Balance $ 1.0 $ 1.0
Reconciliation Of Expenses By Type	The following is a reconciliation of restructuring and restructuring-related costs for the restructuring projects for the three months ended April 1, 2017 and April 2, 2016, respectively (in millions): Three Months Ended April 1, 2017 April 2, 2016 Restructuring Costs: Cost of Sales Operating Expenses Total Cost of Sales Operating Expenses Total Employee Termination Expenses $ 1.2 $ 0.6 $ 1.8 $ 0.2 $ — $ 0.2 Facility Related Costs 0.7 0.2 0.9 0.1 — 0.1 Total Restructuring Costs $ 1.9 $ 0.8 $ 2.7 $ 0.3 $ — $ 0.3 Restructuring Related Costs: Other Employment Benefit Expenses $ 0.5 $ — $ 0.5 $ 0.5 $ 0.6 $ 1.1 Total Restructuring Related Costs $ 0.5 $ — $ 0.5 $ 0.5 $ 0.6 $ 1.1 Total Restructuring and Restructuring Related Costs $ 2.4 $ 0.8 $ 3.2 $ 0.8 $ 0.6 $ 1.4 The following table shows the allocation of Restructuring Costs by segment for the three months ended April 1, 2017 and April 2, 2016. (in millions): Total Commercial and Industrial Systems Climate Solutions Power Transmission Solutions Restructuring Costs - Three Months Ended April 1, 2017 $ 3.2 $ 1.7 $ 1.1 $ 0.4 Restructuring Costs - Three Months Ended April 2, 2016 $ 1.4 $ 0.1 $ 1.3 $ —

Basis Of Presentation (Details)

Basis Of Presentation (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Shares Surrendered for Taxes	$ 1.1	$ 0.4
Accounting Standards Update 2016-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Shares Surrendered for Taxes		$ 0.4

Other Financial Information (Pe

Other Financial Information (Percentage Distribution Between Major Classes of Inventory) (Details)	3 Months Ended	12 Months Ended
	Apr. 01, 2017	Dec. 31, 2016
Inventory [Line Items]
Percentage of inventory cost using the LIFO method	54.00%	55.00%
Inventory Concentration Risk | Inventories | Raw Material and Work in Process
Inventory [Line Items]
Percentage of total Inventory	48.00%	45.00%
Inventory Concentration Risk | Inventories | Finished Goods and Purchased Parts
Inventory [Line Items]
Percentage of total Inventory	52.00%	55.00%

Other Financial Information (Pr

Other Financial Information (Property, Plant, And Equipment and Other) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	$ 1,314.9		$ 1,287
Less: Accumulated Depreciation	(681.7)		(659.5)
Net Property, Plant and Equipment	633.2		627.5
Payments of Contingent Consideration	(5.3)	$ 0
Land and Improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	78.8		76.7
Buildings and Improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	286.6		280.4
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	$ 949.5		$ 929.9
Minimum | Buildings and Improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Minimum | Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Maximum | Buildings and Improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	50 years
Maximum | Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years

Acquisitions and Divestitures (

Acquisitions and Divestitures (Acquisitions) (Details) - USD ($)	Jan. 18, 2016	Apr. 01, 2017	Apr. 02, 2016
Business Acquisition [Line Items]
Acquisition-related expenses		$ 0	$ 0
Elco Group B.V.
Business Acquisition [Line Items]
Equity interest in acquiree before acquisition	55.00%
Equity interest acquired	100.00%
Consideration transferred	$ 19,600,000

Acquisitions and Divestitures43

Acquisitions and Divestitures (Divestitures) (Details) $ in Millions	Jul. 07, 2016USD ($)installment	Apr. 01, 2017USD ($)	Apr. 02, 2016USD ($)	Dec. 31, 2016USD ($)	Jun. 01, 2016USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds Received from Disposal of Businesses		$ 0.5	$ 0
Mastergear [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Operating Expense
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on divestiture of business		$ 0.1		$ 11.6
Mastergear [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Power Transmission Solutions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of business, consideration					$ 25.1
Venezuelan Subsidiary [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds Received from Disposal of Businesses	$ 1
Deferred gain on disposal	$ 2
Number of installments | installment	24
Venezuelan Subsidiary [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Commercial and Industrial Systems
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of business, consideration	$ 3

Accumulated Other Comprehensi44

Accumulated Other Comprehensive Loss (Changes In Accumulated Other Comprehensive Loss By Component, Net Of Tax) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ 2,038.8
Purchase of Subsidiary Shares from Noncontrolling Interest		$ (2.7)
Ending Balance	2,132.6
Hedging Activities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(41.1)	(47.5)
Other Comprehensive Income (Loss) before Reclassifications	31.3	3.6
Tax Impact	(11.9)	(1.3)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	11.7	13.1
Tax Impact	(4.4)	(5)
Net Current Period Other Comprehensive Income (Loss)	26.7	10.4
Purchase of Subsidiary Shares from Noncontrolling Interest		0
Ending Balance	(14.4)	(37.1)
Pension and Post Retirement Benefit Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(36)	(35.4)
Other Comprehensive Income (Loss) before Reclassifications	(0.2)	0
Tax Impact	0	0
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	0.6	0.9
Tax Impact	(0.2)	(0.2)
Net Current Period Other Comprehensive Income (Loss)	0.2	0.7
Purchase of Subsidiary Shares from Noncontrolling Interest		0
Ending Balance	(35.8)	(34.7)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(241)	(172.1)
Other Comprehensive Income (Loss) before Reclassifications	29.1	25.3
Tax Impact	0	0
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	0	0
Tax Impact	0	0
Net Current Period Other Comprehensive Income (Loss)	29.1	25.3
Purchase of Subsidiary Shares from Noncontrolling Interest		(2.7)
Ending Balance	(211.9)	(149.5)
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(318.1)	(255)
Other Comprehensive Income (Loss) before Reclassifications	60.2	28.9
Tax Impact	(11.9)	(1.3)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	12.3	14
Tax Impact	(4.6)	(5.2)
Net Current Period Other Comprehensive Income (Loss)	56	36.4
Ending Balance	$ (262.1)	$ (221.3)

Goodwill And Intangible Asset45

Goodwill And Intangible Assets (Schedule Of Changes To Goodwill) (Details) $ in Millions	3 Months Ended
	Apr. 01, 2017USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 1,453.2
Translation Adjustments	4.2
Ending balance	1,457.4
Cumulative Goodwill Impairment Charges	275.7
Commercial and Industrial Systems
Goodwill [Roll Forward]
Beginning balance	540.6
Translation Adjustments	2.6
Ending balance	543.2
Cumulative Goodwill Impairment Charges	244.8
Climate Solutions
Goodwill [Roll Forward]
Beginning balance	341.8
Translation Adjustments	0.9
Ending balance	342.7
Cumulative Goodwill Impairment Charges	7.7
Power Transmission Solutions
Goodwill [Roll Forward]
Beginning balance	570.8
Translation Adjustments	0.7
Ending balance	571.5
Cumulative Goodwill Impairment Charges	$ 23.2

Goodwill And Intangible Asset46

Goodwill And Intangible Assets (Schedule Of Intangible Assets) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Value	$ 953.4	$ 950
Accumulated Amortization	375	359.1
Intangible Assets	$ 1,074.5	1,070.8
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	15 years
Gross Value	$ 706.2	703.6
Accumulated Amortization	$ 213.3	201.6
Technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	11 years
Gross Value	$ 190.2	189.7
Accumulated Amortization	$ 113	109.5
Trademarks
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	12 years
Gross Value	$ 32.1	31.8
Accumulated Amortization	$ 24	23.3
Patent and Engineering Drawings
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	5 years
Gross Value	$ 16.6	16.6
Accumulated Amortization	$ 16.6	16.6
Non-Compete Agreements
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	5 years
Gross Value	$ 8.3	8.3
Accumulated Amortization	8.1	8.1
Non-Amortizable Trade Names
Finite-Lived Intangible Assets [Line Items]
Gross Value	$ 121.1	$ 120.8

Goodwill And Intangible Asset47

Goodwill And Intangible Assets (Schedule Of Estimated Amortization) (Details) $ in Millions	Apr. 01, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Estimated annual amortization, 2018	$ 53.1
Estimated annual amortization, 2019	52.7
Estimated annual amortization, 2020	49.6
Estimated annual amortization, 2021	42
Estimated annual amortization, 2022	$ 40.3

Goodwill And Intangible Asset48

Goodwill And Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 14.1	$ 15.6
Estimated amortization expense in 2017	$ 55.1

Business Segments (Schedule Of

Business Segments (Schedule Of Reportable Segments) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Total Sales	$ 813.5	$ 818.2
Gross Profit	215.6	217.4
Operating Expenses	140.8	148.1
Income From Operations	74.8	69.3
Depreciation and Amortization	34.4	40.1
Capital Expenditures	17	14.9
Identifiable Assets	4,444.4	4,600.2	$ 4,358.5
Commercial and Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	381.2	377.6
Climate Solutions
Segment Reporting Information [Line Items]
Total Sales	247.7	239.8
Power Transmission Solutions
Segment Reporting Information [Line Items]
Total Sales	184.6	200.8
Operating Segments | Commercial and Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	397.1	388.9
Gross Profit	95.6	93.6
Operating Expenses	69.8	71.9
Income From Operations	25.8	21.7
Depreciation and Amortization	15.2	19.7
Capital Expenditures	10.6	7.3
Identifiable Assets	1,907.3	1,949.7
Operating Segments | Climate Solutions
Segment Reporting Information [Line Items]
Total Sales	255.9	245
Gross Profit	60.7	56.2
Operating Expenses	29.5	31.6
Income From Operations	31.2	24.6
Depreciation and Amortization	5.5	6.2
Capital Expenditures	4.3	3.9
Identifiable Assets	926	948.1
Operating Segments | Power Transmission Solutions
Segment Reporting Information [Line Items]
Total Sales	185.3	201.7
Gross Profit	59.3	67.6
Operating Expenses	41.5	44.6
Income From Operations	17.8	23
Depreciation and Amortization	13.7	14.2
Capital Expenditures	2.1	3.7
Identifiable Assets	1,611.1	1,702.4
Intersegment sales | Commercial and Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	15.9	11.3
Intersegment sales | Climate Solutions
Segment Reporting Information [Line Items]
Total Sales	8.2	5.2
Intersegment sales | Power Transmission Solutions
Segment Reporting Information [Line Items]
Total Sales	0.7	0.9
Eliminations
Segment Reporting Information [Line Items]
Total Sales	(24.8)	(17.4)
Gross Profit	0	0
Operating Expenses	0	0
Income From Operations	0	0
Depreciation and Amortization	0	0
Capital Expenditures	0	0
Identifiable Assets	$ 0	$ 0

Debt And Bank Credit Faciliti50

Debt And Bank Credit Facilities (Schedule Of Indebtedness) (Details) - USD ($) $ in Millions	Apr. 01, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Less: Debt Issuance Costs	$ (8.2)	$ (9.7)
Long-term debt	1,369.5	1,411.5
Less: Current Maturities	100.4	100.6
Non-Current Portion	1,269.1	1,310.9
Term Facility
Debt Instrument [Line Items]
Long-term debt, gross	748.1	798.1
Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	600	600
Other payables
Debt Instrument [Line Items]
Long-term debt, gross	4.8	5.1
Multicurrency Revolving Facility | Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross	$ 24.8	$ 18

Debt And Bank Credit Faciliti51

Debt And Bank Credit Facilities (Narrative) (Details)	Jan. 30, 2015USD ($)	Apr. 01, 2017USD ($)tranche	Apr. 02, 2016USD ($)	Dec. 31, 2016USD ($)
Debt Instrument [Line Items]
Long-term debt		$ 1,369,500,000		$ 1,411,500,000
Fair value of debt		1,388,600,000		1,433,400,000
Senior Notes		$ 600,000,000
Term Facility [Member]
Debt Instrument [Line Items]
Debt instrument term	5 years
Principal amount	$ 1,250,000,000
Amortization rate per annum	5.00%
Amortization rate, after two years	7.50%
Amortization rate, last two years	10.00%
Weighted average interest rate		2.30%	1.90%
Debt Instrument, Percent of Certain Cash Proceeds Received for Required Prepayment	100.00%
Multicurrency Revolving Facility [Member]
Debt Instrument [Line Items]
Debt instrument term	5 years
Principal amount	$ 500,000,000
Senior Notes
Debt Instrument [Line Items]
Senior Notes				$ 600,000,000
Letter of Credit
Debt Instrument [Line Items]
Principal amount	$ 100,000,000
Multicurrency Revolving Facility [Member] | Line of Credit
Debt Instrument [Line Items]
Weighted average interest rate		2.40%	1.90%
Borrowings under line of credit		$ 24,800,000
Available borrowing capacity		443,000,000
Average amount outstanding		103,600,000	$ 75,700,000
Multicurrency Revolving Facility [Member] | Letter of Credit | Line of Credit
Debt Instrument [Line Items]
Borrowings under line of credit		$ 32,200,000
2011 Notes [Member] | Senior Notes
Debt Instrument [Line Items]
Number of tranches in private placement | tranche		7
Senior Notes		$ 500,000,000
2011 Notes [Member] | Minimum | Senior Notes
Debt Instrument [Line Items]
Debt instrument term		7 years
2011 Notes [Member] | Maximum | Senior Notes
Debt Instrument [Line Items]
Debt instrument term		12 years
2007 Notes [Member] | Senior Notes
Debt Instrument [Line Items]
Senior Notes		$ 100,000,000
Other payables
Debt Instrument [Line Items]
Weighted average interest rate		5.50%		5.60%
Other notes payable		$ 4,800,000		$ 5,100,000

Debt And Bank Credit Faciliti52

Debt And Bank Credit Facilities (Details On The Senior Notes) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Apr. 01, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Senior Notes	$ 600
Fixed Rate Series 2011A
Debt Instrument [Line Items]
Stated rate, minimum	4.80%
Stated rate, maximum	5.00%
Fixed Rate Series 2011A
Debt Instrument [Line Items]
Stated rate, minimum	4.90%
Stated rate, maximum	5.10%
Senior Notes
Debt Instrument [Line Items]
Senior Notes		$ 600
Senior Notes | Floating Rate Series 2007A
Debt Instrument [Line Items]
Basis spread on variable rate	1.80%	1.60%
Senior Notes		$ 100
Senior Notes | Fixed Rate Series 2011A
Debt Instrument [Line Items]
Senior Notes		100
Debt instrument interest rate	4.10%
Senior Notes | Fixed Rate Series 2011A
Debt Instrument [Line Items]
Senior Notes		230
Senior Notes | Fixed Rate Series 2011A
Debt Instrument [Line Items]
Senior Notes		$ 170

Post Retirement Plans (Schedule

Post Retirement Plans (Schedule Of Net Periodic Defined Benefit Pension Cost) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Pension and Other Postretirement Benefit Expense [Abstract]
Service Cost	$ 1.8	$ 2.1
Interest Cost	2.4	2.4
Expected Return on Plan Assets	(2.8)	(3)
Amortization of Prior Service Cost and Net Actuarial Loss	0.6	0.9
Net Periodic Benefit Cost	$ 2	$ 2.4

Post Retirement Plans (Narrativ

Post Retirement Plans (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016
Pension and Other Postretirement Benefit Expense [Abstract]
Estimated net actuarial loss to be amortized from accumulated other comprehensive loss	$ 2.2
Estimated prior service cost to be amortized from accumulated other comprehensive loss	0.2
Contribution to defined benefit pension plans	0.8	$ 1.1	$ 10.4
Expected total contribution to defined benefit pension plans	$ 4.4

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchased and retired (in shares)	0
Number of shares available for repurchase (in shares)	2,300,000
Compensation expense	$ 3	$ 3.3
Excess income tax benefit recognized related to share-based compensation	1.1	$ 1.3
Unrecognized compensation cost related to share-based compensation	$ 20.7
Weighted average period of recognition	1 year 9 months 18 days
Number of shares available for grant	1,400,000
Options and SAR's
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 1
Unrecognized compensation cost related to share-based compensation	$ 8.9
Weighted average period of recognition	3 years 1 month
Award vesting period	5 years
Award expiration period	10 years
Restricted Stock Awards (RSAs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 0.3
Unrecognized compensation cost related to share-based compensation	$ 0.1
Weighted average period of recognition	1 month 6 days
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 1.3
Unrecognized compensation cost related to share-based compensation	$ 8.1
Weighted average period of recognition	1 year 6 months 6 days
Performance Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 0.4
Unrecognized compensation cost related to share-based compensation	$ 3.6
Weighted average period of recognition	1 year 10 months 12 days
Performance period	3 years
Minimum | Performance Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target percentage, payout	0.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares approved in repurchases program (in shares)	3,000,000
Maximum | Performance Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target percentage, payout	200.00%

Shareholders' Equity (Schedule

Shareholders' Equity (Schedule Of Share-Based Compensation Activity) (Details) - Options and SAR's - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Intrinsic Value of Share-Based Incentive Awards Exercised	$ 2.5	$ 0.1
Cash Received from Stock Option Exercises	0.4	0.5
Income Tax Benefit from the Exercise of Stock Options	0.4	0.1
Total fair value of share-based incentive awards vested	$ 0.1	$ 0

Shareholders' Equity (Summary O

Shareholders' Equity (Summary Of Share-Based Incentive Plan Grant Activity For Options and SAR's) (Details) - Options and SAR's $ / shares in Units, $ in Millions	3 Months Ended
	Apr. 01, 2017USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding (in shares) | shares	1,610,499
Granted (in shares) | shares	0
Exercised (in shares) | shares	(98,091)
Forfeited (in shares) | shares	(1,180)
Expired (in shares) | shares	(410)
Outstanding (in shares) | shares	1,510,818
Exercisable (in shares) | shares	867,775
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 63.16
Granted, weighted average exercise price (in dollars per share) | $ / shares	0
Exercised, weighted average exercise price (in dollars per share) | $ / shares	49.04
Forfeited, weighted average exercise price (in dollars per share) | $ / shares	54.61
Expired, weighted average exercise price (in dollars per share) | $ / shares	75.76
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	64.08
Exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 62.31
Outstanding, weighted average remaining contractual term (in years)	5 years 8 months 12 days
Exercisable, weighted average remaining contractual term (in years)	4 years
Outstanding, aggregate intrinsic value | $	$ 17.8
Exercisable, aggregate intrinsic value | $	$ 11.6

Shareholders' Equity (Summary58

Shareholders' Equity (Summary Of RSA Award Activity) (Details) - Restricted Stock Awards (RSAs) - $ / shares	3 Months Ended	12 Months Ended
	Apr. 01, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested (in shares)	19,593
Granted (in shares)	0
Vested (in shares)	0
Forfeited (in shares)	0
Unvested (in shares)	19,593	19,593
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unvested, weighted average fair value at grant date (in dollars per share)	$ 57.43
Granted, weighted average fair value at grant date (in dollars per share)	0
Vested, weighted average fair value at grant date (in dollars per share)	0
Forfeited, weighted average fair value at grant date (in dollars per share)	0
Unvested, weighted average fair value at grant date (in dollars per share)	$ 57.43	$ 57.43
Unvested, weighted average remaining contractual term (years)	1 month 6 days	4 months 24 days

Shareholders' Equity (Summary59

Shareholders' Equity (Summary Of RSU Award Activity) (Details) - Restricted Stock Units (RSUs) - $ / shares	3 Months Ended	12 Months Ended
	Apr. 01, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested (in shares)	277,863
Granted (in shares)	1,700
Vested (in shares)	(10,530)
Forfeited (in shares)	(615)
Unvested (in shares)	268,418	277,863
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unvested, weighted average fair value at grant date (in dollars per share)	$ 69.23
Granted, weighted average fair value at grant date (in dollars per share)	70.13
Vested, weighted average fair value at grant date (in dollars per share)	71.42
Forfeited, weighted average fair value at grant date (in dollars per share)	63.90
Unvested, weighted average fair value at grant date (in dollars per share)	$ 69.16	$ 69.23
Unvested, weighted average remaining contractual term (years)	1 year 6 months	1 year 8 months 12 days

Shareholders' Equity (Summary60

Shareholders' Equity (Summary Of PSU Award Activity) (Details) - Performance Share Units (PSUs) - $ / shares	3 Months Ended	12 Months Ended
	Apr. 01, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested (in shares)	133,340
Granted (in shares)	0
Vested (in shares)	0
Forfeited (in shares)	(2,525)
Unvested (in shares)	130,815	133,340
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unvested, weighted average fair value at grant date (in dollars per share)	$ 65.28
Granted, weighted average fair value at grant date (in dollars per share)	0
Vested, weighted average fair value at grant date (in dollars per share)	0
Forfeited, weighted average fair value at grant date (in dollars per share)	78.56
Unvested, weighted average fair value at grant date (in dollars per share)	$ 65.02	$ 65.28
Unvested, weighted average remaining contractual term (years)	1 year 10 months 24 days	2 years

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Effective tax rate	22.50%	23.00%
Federal statutory income tax rate	35.00%	35.00%
Unrecognized tax benefits	$ 10		$ 10

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Earnings Per Share [Abstract]
Shares excluded from the calculation of the effect of dilutive securities (in shares)	0.3	1.2
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Denominator for Basic Earnings Per Share (in shares)	44.8	44.7
Effect of Dilutive Securities (in shares)	0.3	0.3
Denominator for Diluted Earnings Per Share (in shares)	45.1	45

Contingencies (Details)

Contingencies (Details) $ in Millions	3 Months Ended
	Apr. 01, 2017USD ($)subsidiary	Apr. 02, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
Number of subsidiaries involved in litigation | subsidiary	1
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning Balance	$ 20.3	$ 19.1
Less: Payments	(8.3)	(5.1)
Provisions	6.1	3.5
Translation Adjustments	0.1	0
Ending Balance	$ 18.2	$ 17.5

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Apr. 01, 2017	Dec. 31, 2016
Derivative [Line Items]
Net derivative losses on closed hedge instruments in AOCI that will be realized in earnings when the hedged items impact earnings	$ 3.6	$ 7.5
Net AOCI hedging component	(14.4)
Net current deferred losses expected to be realized in the next twelve months	(6)
Receive-Variable/Pay-Fixed Interest Rate Swap
Derivative [Line Items]
Notional Amount (in US Dollars)	$ 100

Derivative Instruments (Schedul

Derivative Instruments (Schedule Of Notional Amounts Of Forward Contracts) (Details) $ in Millions	Apr. 01, 2017USD ($)
Copper | Commodity Forward Contracts
Derivative [Line Items]
Notional Amount (in US Dollars)	$ 59.8
Aluminum | Commodity Forward Contracts
Derivative [Line Items]
Notional Amount (in US Dollars)	6.2
Chinese Renminbi | Currency Forward Contracts
Derivative [Line Items]
Notional Amount (in US Dollars)	322.4
Mexican Peso | Currency Forward Contracts
Derivative [Line Items]
Notional Amount (in US Dollars)	238
Euro | Currency Forward Contracts
Derivative [Line Items]
Notional Amount (in US Dollars)	35.3
Indian Rupee | Currency Forward Contracts
Derivative [Line Items]
Notional Amount (in US Dollars)	44.8
Canadian Dollar | Currency Forward Contracts
Derivative [Line Items]
Notional Amount (in US Dollars)	39.7
Australian Dollar | Currency Forward Contracts
Derivative [Line Items]
Notional Amount (in US Dollars)	14
Great Britain Pound | Currency Forward Contracts
Derivative [Line Items]
Notional Amount (in US Dollars)	6.3
Thai Baht | Currency Forward Contracts
Derivative [Line Items]
Notional Amount (in US Dollars)	$ 5.4

Derivative Instruments (Sched66

Derivative Instruments (Schedule Of Fair Values Of Derivative Instruments) (Details) - USD ($) $ in Millions	Apr. 01, 2017	Dec. 31, 2016
Prepaid Expenses and Other Current Assets
Derivative [Line Items]
Derivative asset, fair value	$ 16.4	$ 10.1
Prepaid Expenses and Other Current Assets | Interest Rate Swap Contracts | Designated as Hedging Instruments:
Derivative [Line Items]
Derivative asset, fair value	0	0
Prepaid Expenses and Other Current Assets | Currency Forward Contracts | Designated as Hedging Instruments:
Derivative [Line Items]
Derivative asset, fair value	4.5	1.3
Prepaid Expenses and Other Current Assets | Currency Forward Contracts | Not designated as Hedging Instruments:
Derivative [Line Items]
Derivative asset, fair value	4.5	1.5
Prepaid Expenses and Other Current Assets | Commodity Forward Contracts | Designated as Hedging Instruments:
Derivative [Line Items]
Derivative asset, fair value	4.5	4.7
Prepaid Expenses and Other Current Assets | Commodity Forward Contracts | Not designated as Hedging Instruments:
Derivative [Line Items]
Derivative asset, fair value	2.9	2.6
Other Noncurrent Assets
Derivative [Line Items]
Derivative asset, fair value	2.6	0.4
Other Noncurrent Assets | Interest Rate Swap Contracts | Designated as Hedging Instruments:
Derivative [Line Items]
Derivative asset, fair value	0	0
Other Noncurrent Assets | Currency Forward Contracts | Designated as Hedging Instruments:
Derivative [Line Items]
Derivative asset, fair value	2.6	0.4
Other Noncurrent Assets | Currency Forward Contracts | Not designated as Hedging Instruments:
Derivative [Line Items]
Derivative asset, fair value	0	0
Other Noncurrent Assets | Commodity Forward Contracts | Designated as Hedging Instruments:
Derivative [Line Items]
Derivative asset, fair value	0	0
Other Noncurrent Assets | Commodity Forward Contracts | Not designated as Hedging Instruments:
Derivative [Line Items]
Derivative asset, fair value	0	0
Current Hedging Obligations
Derivative [Line Items]
Derivative liability, fair value	26.1	49
Current Hedging Obligations | Interest Rate Swap Contracts | Designated as Hedging Instruments:
Derivative [Line Items]
Derivative liability, fair value	2.2	3.3
Current Hedging Obligations | Currency Forward Contracts | Designated as Hedging Instruments:
Derivative [Line Items]
Derivative liability, fair value	22.6	39.7
Current Hedging Obligations | Currency Forward Contracts | Not designated as Hedging Instruments:
Derivative [Line Items]
Derivative liability, fair value	1	6
Current Hedging Obligations | Commodity Forward Contracts | Designated as Hedging Instruments:
Derivative [Line Items]
Derivative liability, fair value	0.3	0
Current Hedging Obligations | Commodity Forward Contracts | Not designated as Hedging Instruments:
Derivative [Line Items]
Derivative liability, fair value	0	0
Noncurrent Hedging Obligations
Derivative [Line Items]
Derivative liability, fair value	4	17.6
Noncurrent Hedging Obligations | Interest Rate Swap Contracts | Designated as Hedging Instruments:
Derivative [Line Items]
Derivative liability, fair value	0	0
Noncurrent Hedging Obligations | Currency Forward Contracts | Designated as Hedging Instruments:
Derivative [Line Items]
Derivative liability, fair value	4	17.6
Noncurrent Hedging Obligations | Currency Forward Contracts | Not designated as Hedging Instruments:
Derivative [Line Items]
Derivative liability, fair value	0	0
Noncurrent Hedging Obligations | Commodity Forward Contracts | Designated as Hedging Instruments:
Derivative [Line Items]
Derivative liability, fair value	0	0
Noncurrent Hedging Obligations | Commodity Forward Contracts | Not designated as Hedging Instruments:
Derivative [Line Items]
Derivative liability, fair value	$ 0	$ 0

Derivative Instruments (Sched67

Derivative Instruments (Schedule Of Cash Flow Hedging Instruments) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	$ (3.6)		$ (7.5)
Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	31.3	$ 3.6
Net Sales | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	0.1	0
Cost of Sales | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	(10.7)	(11.9)
Interest Expense | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	(1.1)	(1.2)
Interest Rate Swaps | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	0	(0.4)
Interest Rate Swaps | Net Sales | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	0	0
Interest Rate Swaps | Cost of Sales | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	0	0
Interest Rate Swaps | Interest Expense | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	(1.1)	(1.2)
Commodity Forwards | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	2.3	1.4
Commodity Forwards | Net Sales | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	0	0
Commodity Forwards | Cost of Sales | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	0.9	(5.4)
Commodity Forwards | Cost of Sales | Cash Flow Hedging | Not designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	1.6	0
Commodity Forwards | Interest Expense | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	0	0
Commodity Forwards | Operating Expense | Cash Flow Hedging | Not designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	0	0.1
Currency Forwards | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	29	2.6
Currency Forwards | Net Sales | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	0.1	0
Currency Forwards | Cost of Sales | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	(11.6)	(6.5)
Currency Forwards | Cost of Sales | Cash Flow Hedging | Not designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	0	0.9
Currency Forwards | Interest Expense | Cash Flow Hedging | Designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	0	0
Currency Forwards | Operating Expense | Cash Flow Hedging | Not designated as Hedging Instruments:
Derivative [Line Items]
Amounts reclassified from Other Comprehensive Income (Loss)	$ 4.4	$ 0

Derivative Instruments (Sched68

Derivative Instruments (Schedule Of Derivatives Under Enforceable Master Netting Agreements) (Details) - USD ($) $ in Millions	Apr. 01, 2017	Dec. 31, 2016
Prepaid Expenses and Other Current Assets | Currency Forward Contracts
Derivative [Line Items]
Derivative Asset, Gross Amounts as Presented in the Condensed Balance Sheet	$ 9	$ 2.8
Derivative Asset, Derivative Contract Amounts Subject to Right of Offset	(4.9)	(1.7)
Derivative Asset, Derivative Contracts as Presented on a Net Basis	4.1	1.1
Prepaid Expenses and Other Current Assets | Commodity Forward Contracts
Derivative [Line Items]
Derivative Asset, Gross Amounts as Presented in the Condensed Balance Sheet	7.4	7.3
Derivative Asset, Derivative Contract Amounts Subject to Right of Offset	(0.3)	0
Derivative Asset, Derivative Contracts as Presented on a Net Basis	7.1	7.3
Other Noncurrent Assets | Currency Forward Contracts
Derivative [Line Items]
Derivative Asset, Gross Amounts as Presented in the Condensed Balance Sheet	2.6	0.4
Derivative Asset, Derivative Contract Amounts Subject to Right of Offset	(1.6)	(0.2)
Derivative Asset, Derivative Contracts as Presented on a Net Basis	1	0.2
Current Hedging Obligations | Currency Forward Contracts
Derivative [Line Items]
Derivative Liability, Gross Amounts as Presented in the Condensed Balance Sheet	23.6	45.7
Derivative Liability, Derivative Contract Amounts Subject to Right of Offset	(4.9)	(1.7)
Derivative Liability, Derivative Contracts as Presented on a Net Basis	18.7	44
Current Hedging Obligations | Commodity Forward Contracts
Derivative [Line Items]
Derivative Liability, Gross Amounts as Presented in the Condensed Balance Sheet	0.3
Derivative Liability, Derivative Contract Amounts Subject to Right of Offset	(0.3)
Derivative Liability, Derivative Contracts as Presented on a Net Basis	0
Noncurrent Hedging Obligations | Currency Forward Contracts
Derivative [Line Items]
Derivative Liability, Gross Amounts as Presented in the Condensed Balance Sheet	4	17.6
Derivative Liability, Derivative Contract Amounts Subject to Right of Offset	(1.6)	(0.2)
Derivative Liability, Derivative Contracts as Presented on a Net Basis	$ 2.4	$ 17.4

Fair Value (Schedule Of Financi

Fair Value (Schedule Of Financial Assets And Liabilities At Fair Value) (Details) - USD ($) $ in Millions	Apr. 01, 2017	Dec. 31, 2016
Prepaid Expenses and Other Current Assets | Level 2 | Derivative Currency Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	$ 9	$ 2.8
Prepaid Expenses and Other Current Assets | Level 2 | Derivative Commodity Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	7.4	7.3
Other Noncurrent Assets | Level 1 | Assets Held in Rabbi Trust
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	5.5	5.4
Other Noncurrent Assets | Level 2 | Derivative Currency Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	2.6	0.4
Current Hedging Obligations | Level 2 | Derivative Currency Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	23.6	45.7
Current Hedging Obligations | Level 2 | Derivative Commodity Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	0.3	0
Current Hedging Obligations | Level 2 | Interest Rate Swaps
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	2.2	3.3
Noncurrent Hedging Obligations | Level 2 | Derivative Currency Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	$ 4	$ 17.6

Restructuring and Related Cos70

Restructuring and Related Costs (Schedule Of Restructuring Reserve) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 0.6	$ 1.3
Provision	3.2	1.4
Less: Payments	2.8	1.7
Ending Balance	$ 1	$ 1

Restructuring and Related Cos71

Restructuring and Related Costs (Reconciliation Of Expenses By Type) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016	Jan. 02, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 2.7	$ 0.3
Restructuring-related costs	0.5	1.1
Total Restructuring and Restructuring Related Costs	3.2	1.4	$ 3.2	$ 1.4
Commercial and Industrial Systems
Restructuring Cost and Reserve [Line Items]
Total Restructuring and Restructuring Related Costs			1.7	0.1
Climate Solutions
Restructuring Cost and Reserve [Line Items]
Total Restructuring and Restructuring Related Costs			1.1	1.3
Power Transmission Solutions
Restructuring Cost and Reserve [Line Items]
Total Restructuring and Restructuring Related Costs			$ 0.4	$ 0
Employee termination expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	1.8	0.2
Facility related costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.9	0.1
Other Employment Benefit Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring-related costs	0.5	1.1
Cost of Sales
Restructuring Cost and Reserve [Line Items]
Restructuring costs	1.9	0.3
Restructuring-related costs	0.5	0.5
Total Restructuring and Restructuring Related Costs	2.4	0.8
Cost of Sales | Employee termination expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	1.2	0.2
Cost of Sales | Facility related costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.7	0.1
Cost of Sales | Other Employment Benefit Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring-related costs	0.5	0.5
Operating Expense
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.8	0
Restructuring-related costs	0	0.6
Total Restructuring and Restructuring Related Costs	0.8	0.6
Operating Expense | Employee termination expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.6	0
Operating Expense | Facility related costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.2	0
Operating Expense | Other Employment Benefit Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring-related costs	$ 0	$ 0.6

Restructuring and Related Cos72

Restructuring and Related Costs (Narrative) (Details) $ in Millions	Apr. 01, 2017USD ($)
Restructuring Cost and Reserve [Line Items]
Expected future restructuring charges	$ 10.5
Employee termination expenses
Restructuring Cost and Reserve [Line Items]
Expected future restructuring charges	3.5
Facility and other related costs
Restructuring Cost and Reserve [Line Items]
Expected future restructuring charges	$ 7