v3.24.1.u1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Wise Financial Performance
 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.