| | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | 2024 | | 2023 | | | | | | Net sales: | | | | | | | | | Engineered Bearings | $ | 802.5 | | | $ | 900.7 | | | | | | | Industrial Motion | 387.8 | | | 362.1 | | | | | | | Net sales | $ | 1,190.3 | | | $ | 1,262.8 | | | | | | | Segment EBITDA: | | | | | | | | | Engineered Bearings | $ | 178.7 | | | $ | 205.0 | | | | | | | Industrial Motion | 77.3 | | | 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 income | 2.8 | | | 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 Motion | 2,721.4 | | | 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.
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