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REVENUE REVENUE
 6 Months Ended
Jul. 04, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Footnote
REVENUE
The following tables present our revenue disaggregated by end market.
For the Three Months Ended July 4, 2026
Flow TechnologiesMotion TechnologiesConnect & Control Technologies
Other / Eliminations
Total
Auto and rail$— $380.9 $— $— $380.9 
Chemical and industrial pumps333.3 — — — 333.3 
Energy244.1 — 14.5 — 258.6 
Aerospace and defense— 4.2 204.5 — 208.7 
Nutrition and health
215.1 — — — 215.1 
General industrial— 0.9 76.7 (1.1)76.5 
Total$792.5 $386.0 $295.7 $(1.1)$1,473.1 
For the Six Months Ended July 4, 2026
Auto and rail$— $773.5 $— $— $773.5 
Chemical and industrial pumps570.1 — — — 570.1 
Energy455.1 — 27.5 — 482.6 
Aerospace and defense— 7.6 396.2 — 403.8 
Nutrition and health
304.7 — — — 304.7 
General industrial— 2.1 150.5 (2.3)150.3 
Total$1,329.9 $783.2 $574.2 $(2.3)$2,685.0 
For the Three Months Ended June 28, 2025
Flow Technologies
Motion TechnologiesConnect & Control Technologies
Other / Eliminations
Total
Auto and rail$— $362.0 $— $— $362.0 
Chemical and industrial pumps233.0 — — — 233.0 
Aerospace and defense— 2.7 175.4 — 178.1 
Energy122.9 — 12.4 — 135.3 
General industrial— 1.0 64.1 (1.1)64.0 
Total$355.9 $365.7 $251.9 $(1.1)$972.4 
For the Six Months Ended June 28, 2025For the
Auto and rail$— $704.8 $— $— $704.8 
Chemical and industrial pumps457.3 — — — $457.3 
Aerospace and defense— 5.0 338.3 — $343.3 
Energy231.9 — 25.0 — $256.9 
General industrial— 2.0 123.3 (2.2)$123.1 
Total$689.2 $711.8 $486.6 $(2.2)$1,885.4 
Contract Assets and Liabilities
Contract assets consist of unbilled amounts where revenue recognized exceeds customer billings, net of allowances for credit losses. Contract assets are included in other current assets and other non-current assets in our Consolidated Condensed Balance Sheets. Contract liabilities consist of advance customer payments and billings in excess of revenue recognized. Contract liabilities are included in accrued liabilities and other non-current liabilities in our Consolidated Condensed Balance Sheets.
The following table represents our net contract assets and liabilities.
As of the Period EndedJuly 4,
2026		December 31, 2025
Current contract assets
$85.4 $50.9 
Non-current contract assets
6.2 2.6 
Current contract liabilities
(258.1)(175.7)
Non-current contract liabilities(4.7)(4.7)
During the three and six months ended July 4, 2026, we recognized revenue of $51.3 and $116.8, respectively related to contract liabilities as of December 31, 2025. The increase in current contract assets and liabilities is due to contract liabilities acquired as a result of the SPX FLOW acquisition. The aggregate amount of the transaction price allocated to unsatisfied or partially satisfied performance obligations, or backlog, was $2,666.3 as of July 4, 2026. Of this amount, we expect to recognize approximately 60% to 65% of revenue during the remainder of 2026. Our backlog generally represents firm orders that have been received, acknowledged, and entered into our production systems. However, within certain businesses in MT, our customers include automotive OEMs and we may win an award on an automotive platform several years in advance based on estimated levels of future automotive production. These awards allow for the customer to adjust their production levels at any time and therefore are not considered firm orders. Within these businesses, we believe orders are firm upon receipt of the customer purchase order, which may require us to fulfill the order in as little as one week. As such, our backlog at any point in time for these businesses is not believed to be significant and therefore has been excluded from the total backlog amount.