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Segment Information
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Information
Note 4 - Segment Information
The primary measurement used by management to measure the financial performance of each segment is earnings before interest, taxes, depreciation and amortization ("EBITDA").
 Three Months Ended
March 31,
 20242023
Net sales:
Engineered Bearings$802.5 $900.7 
Industrial Motion387.8 362.1 
Net sales$1,190.3 $1,262.8 
Segment EBITDA:
Engineered Bearings$178.7 $205.0 
Industrial Motion77.3 48.2 
Total EBITDA, for reportable segments$256.0 $253.2 
Unallocated corporate expense(18.0)(17.7)
Corporate pension and other postretirement benefit related income (1)
— 0.9 
Depreciation and amortization(55.3)(45.6)
Interest expense(32.2)(24.1)
Interest income2.8 1.5 
Income before income taxes$153.3 $168.2 
(1) Corporate pension and other postretirement benefit related income represents actuarial (losses) and gains that resulted from the remeasurement of pension and other postretirement plan assets and obligations as a result of changes in assumptions or experience.

March 31,
2024
December 31, 2023
Assets by Segment:
Engineered Bearings$3,327.2 $3,296.8 
Industrial Motion2,721.4 2,744.5 
Corporate (2)
495.4 500.4 
 $6,544.0 $6,541.7 
(2) Corporate assets include corporate buildings and cash and cash equivalents.