Company Quick10K Filing
Regal Beloit
Price72.72 EPS5
Shares43 P/E15
MCap3,098 P/FCF11
Net Debt908 EBIT293
TEV4,006 TEV/EBIT14
TTM 2019-09-28, in MM, except price, ratios
10-Q 2020-09-26 Filed 2020-11-05
10-Q 2020-06-27 Filed 2020-08-06
10-Q 2020-03-28 Filed 2020-05-07
10-K 2019-12-28 Filed 2020-02-26
10-Q 2019-09-28 Filed 2019-11-06
10-Q 2019-06-29 Filed 2019-08-08
10-Q 2019-03-30 Filed 2019-05-09
10-K 2018-12-29 Filed 2019-02-26
10-Q 2018-09-29 Filed 2018-11-06
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-30 Filed 2018-02-27
10-Q 2017-09-30 Filed 2017-11-06
10-Q 2017-07-01 Filed 2017-08-08
10-Q 2017-04-01 Filed 2017-05-11
10-K 2017-01-07 Filed 2017-03-01
10-Q 2016-10-01 Filed 2016-11-10
10-Q 2016-07-02 Filed 2016-08-11
10-Q 2016-04-02 Filed 2016-05-12
10-K 2016-01-02 Filed 2016-03-02
10-Q 2015-10-03 Filed 2015-11-12
10-Q 2015-07-04 Filed 2015-08-13
10-Q 2015-04-04 Filed 2015-05-14
10-K 2015-01-03 Filed 2015-03-04
10-Q 2014-09-27 Filed 2014-11-06
10-Q 2014-06-28 Filed 2014-08-07
10-Q 2014-03-29 Filed 2014-05-08
10-K 2013-12-28 Filed 2014-02-26
10-Q 2013-09-28 Filed 2013-11-05
10-Q 2013-06-29 Filed 2013-08-07
10-Q 2013-03-30 Filed 2013-05-09
10-K 2012-12-29 Filed 2013-02-27
10-Q 2012-09-29 Filed 2012-11-07
10-Q 2012-06-30 Filed 2012-08-07
10-Q 2012-03-31 Filed 2012-05-10
10-K 2011-12-31 Filed 2012-02-29
10-Q 2011-10-01 Filed 2011-11-10
10-Q 2011-07-02 Filed 2011-08-11
10-Q 2011-04-02 Filed 2011-05-11
10-K 2011-01-01 Filed 2011-03-02
10-Q 2010-10-02 Filed 2010-11-10
10-Q 2010-08-06 Filed 2010-08-06
10-Q 2010-05-11 Filed 2010-05-12
10-K 2010-03-01 Filed 2010-03-02
8-K 2020-10-28
8-K 2020-08-03
8-K 2020-07-24
8-K 2020-05-04
8-K 2020-04-28
8-K 2020-04-01
8-K 2020-03-03
8-K 2020-02-03
8-K 2019-12-27
8-K 2019-12-06
8-K 2019-11-04
8-K 2019-08-05
8-K 2019-06-14
8-K 2019-05-06
8-K 2019-04-30
8-K 2019-03-11
8-K 2019-02-04
8-K 2018-11-05
8-K 2018-10-15
8-K 2018-10-10
8-K 2018-09-23
8-K 2018-08-27
8-K 2018-08-06
8-K 2018-06-14
8-K 2018-05-24
8-K 2018-05-07
8-K 2018-04-30
8-K 2018-03-31
8-K 2018-03-26
8-K 2018-02-05

RBC 10Q Quarterly Report

Part I - Financial Information
Item 1. Condensed Consolidated Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II - Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 6. Exhibits
EX-31.1 rbc-2020927xex311.htm
EX-31.2 rbc-2020927xex312.htm
EX-32.1 rbc-2020927xex321.htm

Regal Beloit Earnings 2020-09-26

Balance SheetIncome StatementCash Flow
5.04.03.02.01.00.02012201420172020
Assets, Equity
1.00.80.50.30.0-0.22012201420172020
Rev, G Profit, Net Income
1.30.70.2-0.4-0.9-1.52012201420172020
Ops, Inv, Fin

rbc-20200926
0000082811FALSE2020Q31/2us-gaap:AccountingStandardsUpdate201613Memberus-gaap:AccountingStandardsUpdate201613MemberP10YP1Y00000828112019-12-292020-09-26xbrli:shares00000828112020-10-26iso4217:USD00000828112020-06-282020-09-2600000828112019-06-302019-09-2800000828112018-12-302019-09-28iso4217:USDxbrli:shares00000828112020-09-2600000828112019-12-280000082811us-gaap:CommonStockMember2020-06-270000082811us-gaap:AdditionalPaidInCapitalMember2020-06-270000082811us-gaap:RetainedEarningsMember2020-06-270000082811us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-270000082811us-gaap:NoncontrollingInterestMember2020-06-2700000828112020-06-270000082811us-gaap:RetainedEarningsMember2020-06-282020-09-260000082811us-gaap:NoncontrollingInterestMember2020-06-282020-09-260000082811us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-282020-09-260000082811us-gaap:AdditionalPaidInCapitalMember2020-06-282020-09-260000082811us-gaap:CommonStockMember2020-09-260000082811us-gaap:AdditionalPaidInCapitalMember2020-09-260000082811us-gaap:RetainedEarningsMember2020-09-260000082811us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-09-260000082811us-gaap:NoncontrollingInterestMember2020-09-260000082811us-gaap:CommonStockMember2019-06-290000082811us-gaap:AdditionalPaidInCapitalMember2019-06-290000082811us-gaap:RetainedEarningsMember2019-06-290000082811us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-290000082811us-gaap:NoncontrollingInterestMember2019-06-2900000828112019-06-290000082811us-gaap:RetainedEarningsMember2019-06-302019-09-280000082811us-gaap:NoncontrollingInterestMember2019-06-302019-09-280000082811us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-302019-09-280000082811us-gaap:AdditionalPaidInCapitalMember2019-06-302019-09-280000082811us-gaap:CommonStockMember2019-09-280000082811us-gaap:AdditionalPaidInCapitalMember2019-09-280000082811us-gaap:RetainedEarningsMember2019-09-280000082811us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-09-280000082811us-gaap:NoncontrollingInterestMember2019-09-2800000828112019-09-280000082811us-gaap:CommonStockMember2019-12-280000082811us-gaap:AdditionalPaidInCapitalMember2019-12-280000082811us-gaap:RetainedEarningsMember2019-12-280000082811us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-280000082811us-gaap:NoncontrollingInterestMember2019-12-280000082811us-gaap:RetainedEarningsMember2019-12-292020-09-260000082811us-gaap:NoncontrollingInterestMember2019-12-292020-09-260000082811us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-292020-09-260000082811us-gaap:AdditionalPaidInCapitalMember2019-12-292020-09-2600000828112018-12-302019-12-280000082811us-gaap:RetainedEarningsMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-290000082811srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-280000082811us-gaap:CommonStockMember2018-12-290000082811us-gaap:AdditionalPaidInCapitalMember2018-12-290000082811us-gaap:RetainedEarningsMember2018-12-290000082811us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-290000082811us-gaap:NoncontrollingInterestMember2018-12-2900000828112018-12-290000082811us-gaap:RetainedEarningsMember2018-12-302019-09-280000082811us-gaap:NoncontrollingInterestMember2018-12-302019-09-280000082811us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-302019-09-280000082811us-gaap:AdditionalPaidInCapitalMember2018-12-302019-09-280000082811srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-29xbrli:pure0000082811rbc:InventoryConcentrationRiskMemberus-gaap:InventoriesMemberrbc:RawMaterialandWorkinProcessMember2019-12-292020-09-260000082811rbc:InventoryConcentrationRiskMemberus-gaap:InventoriesMemberrbc:RawMaterialandWorkinProcessMember2018-12-302019-12-280000082811rbc:FinishedGoodsandPurchasedPartsMemberrbc:InventoryConcentrationRiskMemberus-gaap:InventoriesMember2019-12-292020-09-260000082811rbc:FinishedGoodsandPurchasedPartsMemberrbc:InventoryConcentrationRiskMemberus-gaap:InventoriesMember2018-12-302019-12-280000082811us-gaap:LandAndLandImprovementsMember2020-09-260000082811us-gaap:LandAndLandImprovementsMember2019-12-280000082811srt:MinimumMemberus-gaap:BuildingAndBuildingImprovementsMember2019-12-292020-09-260000082811srt:MaximumMemberus-gaap:BuildingAndBuildingImprovementsMember2019-12-292020-09-260000082811us-gaap:BuildingAndBuildingImprovementsMember2020-09-260000082811us-gaap:BuildingAndBuildingImprovementsMember2019-12-280000082811srt:MinimumMemberus-gaap:MachineryAndEquipmentMember2019-12-292020-09-260000082811srt:MaximumMemberus-gaap:MachineryAndEquipmentMember2019-12-292020-09-260000082811us-gaap:MachineryAndEquipmentMember2020-09-260000082811us-gaap:MachineryAndEquipmentMember2019-12-28rbc:segment0000082811srt:NorthAmericaMemberrbc:CommercialSystemsMember2020-06-282020-09-260000082811srt:NorthAmericaMemberrbc:IndustrialSystemsMember2020-06-282020-09-260000082811srt:NorthAmericaMemberrbc:ClimateSolutionsMember2020-06-282020-09-260000082811srt:NorthAmericaMemberrbc:PowerTransmissionSolutionsMember2020-06-282020-09-260000082811srt:NorthAmericaMember2020-06-282020-09-260000082811srt:AsiaMemberrbc:CommercialSystemsMember2020-06-282020-09-260000082811srt:AsiaMemberrbc:IndustrialSystemsMember2020-06-282020-09-260000082811srt:AsiaMemberrbc:ClimateSolutionsMember2020-06-282020-09-260000082811srt:AsiaMemberrbc:PowerTransmissionSolutionsMember2020-06-282020-09-260000082811srt:AsiaMember2020-06-282020-09-260000082811rbc:CommercialSystemsMembersrt:EuropeMember2020-06-282020-09-260000082811srt:EuropeMemberrbc:IndustrialSystemsMember2020-06-282020-09-260000082811rbc:ClimateSolutionsMembersrt:EuropeMember2020-06-282020-09-260000082811rbc:PowerTransmissionSolutionsMembersrt:EuropeMember2020-06-282020-09-260000082811srt:EuropeMember2020-06-282020-09-260000082811rbc:RestOfWorldMemberrbc:CommercialSystemsMember2020-06-282020-09-260000082811rbc:RestOfWorldMemberrbc:IndustrialSystemsMember2020-06-282020-09-260000082811rbc:RestOfWorldMemberrbc:ClimateSolutionsMember2020-06-282020-09-260000082811rbc:RestOfWorldMemberrbc:PowerTransmissionSolutionsMember2020-06-282020-09-260000082811rbc:RestOfWorldMember2020-06-282020-09-260000082811rbc:CommercialSystemsMember2020-06-282020-09-260000082811rbc:IndustrialSystemsMember2020-06-282020-09-260000082811rbc:ClimateSolutionsMember2020-06-282020-09-260000082811rbc:PowerTransmissionSolutionsMember2020-06-282020-09-260000082811srt:NorthAmericaMemberrbc:CommercialSystemsMember2019-06-302019-09-280000082811srt:NorthAmericaMemberrbc:IndustrialSystemsMember2019-06-302019-09-280000082811srt:NorthAmericaMemberrbc:ClimateSolutionsMember2019-06-302019-09-280000082811srt:NorthAmericaMemberrbc:PowerTransmissionSolutionsMember2019-06-302019-09-280000082811srt:NorthAmericaMember2019-06-302019-09-280000082811srt:AsiaMemberrbc:CommercialSystemsMember2019-06-302019-09-280000082811srt:AsiaMemberrbc:IndustrialSystemsMember2019-06-302019-09-280000082811srt:AsiaMemberrbc:ClimateSolutionsMember2019-06-302019-09-280000082811srt:AsiaMemberrbc:PowerTransmissionSolutionsMember2019-06-302019-09-280000082811srt:AsiaMember2019-06-302019-09-280000082811rbc:CommercialSystemsMembersrt:EuropeMember2019-06-302019-09-280000082811srt:EuropeMemberrbc:IndustrialSystemsMember2019-06-302019-09-280000082811rbc:ClimateSolutionsMembersrt:EuropeMember2019-06-302019-09-280000082811rbc:PowerTransmissionSolutionsMembersrt:EuropeMember2019-06-302019-09-280000082811srt:EuropeMember2019-06-302019-09-280000082811rbc:RestOfWorldMemberrbc:CommercialSystemsMember2019-06-302019-09-280000082811rbc:RestOfWorldMemberrbc:IndustrialSystemsMember2019-06-302019-09-280000082811rbc:RestOfWorldMemberrbc:ClimateSolutionsMember2019-06-302019-09-280000082811rbc:RestOfWorldMemberrbc:PowerTransmissionSolutionsMember2019-06-302019-09-280000082811rbc:RestOfWorldMember2019-06-302019-09-280000082811rbc:CommercialSystemsMember2019-06-302019-09-280000082811rbc:IndustrialSystemsMember2019-06-302019-09-280000082811rbc:ClimateSolutionsMember2019-06-302019-09-280000082811rbc:PowerTransmissionSolutionsMember2019-06-302019-09-280000082811srt:NorthAmericaMemberrbc:CommercialSystemsMember2019-12-292020-09-260000082811srt:NorthAmericaMemberrbc:IndustrialSystemsMember2019-12-292020-09-260000082811srt:NorthAmericaMemberrbc:ClimateSolutionsMember2019-12-292020-09-260000082811srt:NorthAmericaMemberrbc:PowerTransmissionSolutionsMember2019-12-292020-09-260000082811srt:NorthAmericaMember2019-12-292020-09-260000082811srt:AsiaMemberrbc:CommercialSystemsMember2019-12-292020-09-260000082811srt:AsiaMemberrbc:IndustrialSystemsMember2019-12-292020-09-260000082811srt:AsiaMemberrbc:ClimateSolutionsMember2019-12-292020-09-260000082811srt:AsiaMemberrbc:PowerTransmissionSolutionsMember2019-12-292020-09-260000082811srt:AsiaMember2019-12-292020-09-260000082811rbc:CommercialSystemsMembersrt:EuropeMember2019-12-292020-09-260000082811srt:EuropeMemberrbc:IndustrialSystemsMember2019-12-292020-09-260000082811rbc:ClimateSolutionsMembersrt:EuropeMember2019-12-292020-09-260000082811rbc:PowerTransmissionSolutionsMembersrt:EuropeMember2019-12-292020-09-260000082811srt:EuropeMember2019-12-292020-09-260000082811rbc:RestOfWorldMemberrbc:CommercialSystemsMember2019-12-292020-09-260000082811rbc:RestOfWorldMemberrbc:IndustrialSystemsMember2019-12-292020-09-260000082811rbc:RestOfWorldMemberrbc:ClimateSolutionsMember2019-12-292020-09-260000082811rbc:RestOfWorldMemberrbc:PowerTransmissionSolutionsMember2019-12-292020-09-260000082811rbc:RestOfWorldMember2019-12-292020-09-260000082811rbc:CommercialSystemsMember2019-12-292020-09-260000082811rbc:IndustrialSystemsMember2019-12-292020-09-260000082811rbc:ClimateSolutionsMember2019-12-292020-09-260000082811rbc:PowerTransmissionSolutionsMember2019-12-292020-09-260000082811srt:NorthAmericaMemberrbc:CommercialSystemsMember2018-12-302019-09-280000082811srt:NorthAmericaMemberrbc:IndustrialSystemsMember2018-12-302019-09-280000082811srt:NorthAmericaMemberrbc:ClimateSolutionsMember2018-12-302019-09-280000082811srt:NorthAmericaMemberrbc:PowerTransmissionSolutionsMember2018-12-302019-09-280000082811srt:NorthAmericaMember2018-12-302019-09-280000082811srt:AsiaMemberrbc:CommercialSystemsMember2018-12-302019-09-280000082811srt:AsiaMemberrbc:IndustrialSystemsMember2018-12-302019-09-280000082811srt:AsiaMemberrbc:ClimateSolutionsMember2018-12-302019-09-280000082811srt:AsiaMemberrbc:PowerTransmissionSolutionsMember2018-12-302019-09-280000082811srt:AsiaMember2018-12-302019-09-280000082811rbc:CommercialSystemsMembersrt:EuropeMember2018-12-302019-09-280000082811srt:EuropeMemberrbc:IndustrialSystemsMember2018-12-302019-09-280000082811rbc:ClimateSolutionsMembersrt:EuropeMember2018-12-302019-09-280000082811rbc:PowerTransmissionSolutionsMembersrt:EuropeMember2018-12-302019-09-280000082811srt:EuropeMember2018-12-302019-09-280000082811rbc:RestOfWorldMemberrbc:CommercialSystemsMember2018-12-302019-09-280000082811rbc:RestOfWorldMemberrbc:IndustrialSystemsMember2018-12-302019-09-280000082811rbc:RestOfWorldMemberrbc:ClimateSolutionsMember2018-12-302019-09-280000082811rbc:RestOfWorldMemberrbc:PowerTransmissionSolutionsMember2018-12-302019-09-280000082811rbc:RestOfWorldMember2018-12-302019-09-280000082811rbc:CommercialSystemsMember2018-12-302019-09-280000082811rbc:IndustrialSystemsMember2018-12-302019-09-280000082811rbc:ClimateSolutionsMember2018-12-302019-09-280000082811rbc:PowerTransmissionSolutionsMember2018-12-302019-09-280000082811us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberrbc:RegalDriveTechnologiesMember2019-12-292020-03-280000082811us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberrbc:RegalDriveTechnologiesMember2018-12-302019-03-300000082811us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberrbc:VelvetDriveMember2019-04-012019-04-010000082811us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberrbc:CapComMember2019-04-012019-04-010000082811us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMemberrbc:VaporRecoveryMember2019-07-012019-07-010000082811us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-06-270000082811us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-06-270000082811us-gaap:AccumulatedTranslationAdjustmentMember2020-06-270000082811us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-06-282020-09-260000082811us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-06-282020-09-260000082811us-gaap:AccumulatedTranslationAdjustmentMember2020-06-282020-09-260000082811us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-09-260000082811us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-09-260000082811us-gaap:AccumulatedTranslationAdjustmentMember2020-09-260000082811us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-06-290000082811us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-06-290000082811us-gaap:AccumulatedTranslationAdjustmentMember2019-06-290000082811us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-06-302019-09-280000082811us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-06-302019-09-280000082811us-gaap:AccumulatedTranslationAdjustmentMember2019-06-302019-09-280000082811us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-09-280000082811us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-09-280000082811us-gaap:AccumulatedTranslationAdjustmentMember2019-09-280000082811us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-12-280000082811us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-12-280000082811us-gaap:AccumulatedTranslationAdjustmentMember2019-12-280000082811us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-12-292020-09-260000082811us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-12-292020-09-260000082811us-gaap:AccumulatedTranslationAdjustmentMember2019-12-292020-09-260000082811us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2018-12-290000082811us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-12-290000082811us-gaap:AccumulatedTranslationAdjustmentMember2018-12-290000082811us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2018-12-302019-09-280000082811us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-12-302019-09-280000082811us-gaap:AccumulatedTranslationAdjustmentMember2018-12-302019-09-280000082811rbc:GlobalIndustrialMotorsMember2020-09-260000082811rbc:CommercialSystemsMember2019-12-280000082811rbc:IndustrialSystemsMember2019-12-280000082811rbc:ClimateSolutionsMember2019-12-280000082811rbc:PowerTransmissionSolutionsMember2019-12-280000082811rbc:CommercialSystemsMember2020-09-260000082811rbc:IndustrialSystemsMember2020-09-260000082811rbc:ClimateSolutionsMember2020-09-260000082811rbc:PowerTransmissionSolutionsMember2020-09-260000082811us-gaap:CustomerRelationshipsMember2019-12-292020-09-260000082811us-gaap:CustomerRelationshipsMember2020-09-260000082811us-gaap:CustomerRelationshipsMember2019-12-280000082811us-gaap:TechnologyBasedIntangibleAssetsMember2019-12-292020-09-260000082811us-gaap:TechnologyBasedIntangibleAssetsMember2020-09-260000082811us-gaap:TechnologyBasedIntangibleAssetsMember2019-12-280000082811us-gaap:TrademarksMember2019-12-292020-09-260000082811us-gaap:TrademarksMember2020-09-260000082811us-gaap:TrademarksMember2019-12-280000082811rbc:PatentsEngineeringDrawingsMember2019-12-292020-09-260000082811rbc:PatentsEngineeringDrawingsMember2020-09-260000082811rbc:PatentsEngineeringDrawingsMember2019-12-280000082811us-gaap:CustomerRelationshipsMember2018-12-302019-09-280000082811rbc:CommercialSystemsMemberus-gaap:IntersegmentEliminationMember2020-06-282020-09-260000082811us-gaap:IntersegmentEliminationMemberrbc:IndustrialSystemsMember2020-06-282020-09-260000082811rbc:ClimateSolutionsMemberus-gaap:IntersegmentEliminationMember2020-06-282020-09-260000082811rbc:PowerTransmissionSolutionsMemberus-gaap:IntersegmentEliminationMember2020-06-282020-09-260000082811us-gaap:IntersegmentEliminationMember2020-06-282020-09-260000082811us-gaap:OperatingSegmentsMemberrbc:CommercialSystemsMember2020-06-282020-09-260000082811us-gaap:OperatingSegmentsMemberrbc:IndustrialSystemsMember2020-06-282020-09-260000082811us-gaap:OperatingSegmentsMemberrbc:ClimateSolutionsMember2020-06-282020-09-260000082811us-gaap:OperatingSegmentsMemberrbc:PowerTransmissionSolutionsMember2020-06-282020-09-260000082811rbc:CommercialSystemsMemberus-gaap:IntersegmentEliminationMember2019-06-302019-09-280000082811us-gaap:IntersegmentEliminationMemberrbc:IndustrialSystemsMember2019-06-302019-09-280000082811rbc:ClimateSolutionsMemberus-gaap:IntersegmentEliminationMember2019-06-302019-09-280000082811rbc:PowerTransmissionSolutionsMemberus-gaap:IntersegmentEliminationMember2019-06-302019-09-280000082811us-gaap:IntersegmentEliminationMember2019-06-302019-09-280000082811us-gaap:OperatingSegmentsMemberrbc:CommercialSystemsMember2019-06-302019-09-280000082811us-gaap:OperatingSegmentsMemberrbc:IndustrialSystemsMember2019-06-302019-09-280000082811us-gaap:OperatingSegmentsMemberrbc:ClimateSolutionsMember2019-06-302019-09-280000082811us-gaap:OperatingSegmentsMemberrbc:PowerTransmissionSolutionsMember2019-06-302019-09-280000082811rbc:CommercialSystemsMemberus-gaap:IntersegmentEliminationMember2019-12-292020-09-260000082811us-gaap:IntersegmentEliminationMemberrbc:IndustrialSystemsMember2019-12-292020-09-260000082811rbc:ClimateSolutionsMemberus-gaap:IntersegmentEliminationMember2019-12-292020-09-260000082811rbc:PowerTransmissionSolutionsMemberus-gaap:IntersegmentEliminationMember2019-12-292020-09-260000082811us-gaap:IntersegmentEliminationMember2019-12-292020-09-260000082811us-gaap:OperatingSegmentsMemberrbc:CommercialSystemsMember2019-12-292020-09-260000082811us-gaap:OperatingSegmentsMemberrbc:IndustrialSystemsMember2019-12-292020-09-260000082811us-gaap:OperatingSegmentsMemberrbc:ClimateSolutionsMember2019-12-292020-09-260000082811us-gaap:OperatingSegmentsMemberrbc:PowerTransmissionSolutionsMember2019-12-292020-09-260000082811rbc:CommercialSystemsMemberus-gaap:IntersegmentEliminationMember2018-12-302019-09-280000082811us-gaap:IntersegmentEliminationMemberrbc:IndustrialSystemsMember2018-12-302019-09-280000082811rbc:ClimateSolutionsMemberus-gaap:IntersegmentEliminationMember2018-12-302019-09-280000082811rbc:PowerTransmissionSolutionsMemberus-gaap:IntersegmentEliminationMember2018-12-302019-09-280000082811us-gaap:IntersegmentEliminationMember2018-12-302019-09-280000082811us-gaap:OperatingSegmentsMemberrbc:CommercialSystemsMember2018-12-302019-09-280000082811us-gaap:OperatingSegmentsMemberrbc:IndustrialSystemsMember2018-12-302019-09-280000082811us-gaap:OperatingSegmentsMemberrbc:ClimateSolutionsMember2018-12-302019-09-280000082811us-gaap:OperatingSegmentsMemberrbc:PowerTransmissionSolutionsMember2018-12-302019-09-280000082811rbc:TermFacilityMember2020-09-260000082811rbc:TermFacilityMember2019-12-280000082811us-gaap:SeniorNotesMember2020-09-260000082811us-gaap:SeniorNotesMember2019-12-280000082811rbc:MulticurrencyRevolvingFacilityMember2020-09-260000082811rbc:MulticurrencyRevolvingFacilityMember2019-12-280000082811us-gaap:NotesPayableOtherPayablesMember2020-09-260000082811us-gaap:NotesPayableOtherPayablesMember2019-12-280000082811rbc:TermFacilityMember2018-08-272018-08-270000082811rbc:TermFacilityMember2018-08-270000082811rbc:MulticurrencyRevolvingFacilityMember2018-08-272018-08-270000082811rbc:MulticurrencyRevolvingFacilityMember2018-08-270000082811us-gaap:LetterOfCreditMember2018-08-270000082811rbc:EmersonElectricCo.Memberrbc:TermFacilityMember2020-06-282020-09-260000082811rbc:EmersonElectricCo.Memberrbc:TermFacilityMember2019-06-302019-09-280000082811rbc:EmersonElectricCo.Memberrbc:TermFacilityMember2019-12-292020-09-260000082811rbc:EmersonElectricCo.Memberrbc:TermFacilityMember2018-12-302019-09-280000082811rbc:MulticurrencyRevolvingFacilityMemberus-gaap:LineOfCreditMember2020-09-260000082811rbc:TermFacilityMemberrbc:MulticurrencyRevolvingFacilityMemberus-gaap:LetterOfCreditMember2020-09-260000082811rbc:TermFacilityMemberrbc:MulticurrencyRevolvingFacilityMember2020-09-260000082811rbc:EmersonElectricCo.Memberrbc:MulticurrencyRevolvingFacilityMemberus-gaap:LineOfCreditMember2020-06-282020-09-260000082811rbc:EmersonElectricCo.Memberrbc:MulticurrencyRevolvingFacilityMemberus-gaap:LineOfCreditMember2019-06-302019-09-280000082811rbc:EmersonElectricCo.Memberrbc:MulticurrencyRevolvingFacilityMemberus-gaap:LineOfCreditMember2019-12-292020-09-260000082811rbc:EmersonElectricCo.Memberrbc:MulticurrencyRevolvingFacilityMemberus-gaap:LineOfCreditMember2018-12-302019-09-280000082811rbc:A2011NotesMemberus-gaap:SeniorNotesMember2020-09-26rbc:tranche0000082811rbc:A2011NotesMemberus-gaap:SeniorNotesMember2019-12-292020-09-260000082811srt:MinimumMemberrbc:A2011NotesMemberus-gaap:SeniorNotesMember2019-12-292020-09-260000082811srt:MaximumMemberrbc:A2011NotesMemberus-gaap:SeniorNotesMember2019-12-292020-09-260000082811rbc:FloatingRateSeriesTwoThousandElevenSeniorNotesMatureInJulyTwoThousandTwentyOneMemberus-gaap:SeniorNotesMember2020-09-260000082811rbc:FloatingRateSeriesTwoThousandElevenSeniorNotesMatureInJulyTwoThousandTwentyThreeMemberus-gaap:SeniorNotesMember2020-09-260000082811rbc:FloatingRateSeriesTwoThousandElevenSeniorNotesMatureInJulyTwoThousandTwentyOneMembersrt:MinimumMember2020-09-260000082811rbc:FloatingRateSeriesTwoThousandElevenSeniorNotesMatureInJulyTwoThousandTwentyOneMembersrt:MaximumMember2020-09-260000082811srt:MinimumMemberrbc:FloatingRateSeriesTwoThousandElevenSeniorNotesMatureInJulyTwoThousandTwentyThreeMember2020-09-260000082811rbc:FloatingRateSeriesTwoThousandElevenSeniorNotesMatureInJulyTwoThousandTwentyThreeMembersrt:MaximumMember2020-09-26rbc:option0000082811srt:MinimumMember2020-09-260000082811srt:MaximumMember2020-09-2600000828112013-12-2800000828112018-07-2400000828112019-10-250000082811us-gaap:StockAppreciationRightsSARSMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2019-12-292020-09-260000082811us-gaap:ShareBasedCompensationAwardTrancheTwoMemberus-gaap:StockAppreciationRightsSARSMember2019-12-292020-09-260000082811us-gaap:StockAppreciationRightsSARSMember2019-12-292020-09-260000082811us-gaap:StockAppreciationRightsSARSMember2018-12-302019-09-280000082811us-gaap:StockAppreciationRightsSARSMember2019-12-280000082811us-gaap:StockAppreciationRightsSARSMember2018-12-302019-12-280000082811us-gaap:StockAppreciationRightsSARSMember2020-09-260000082811us-gaap:StockAppreciationRightsSARSMember2020-06-282020-09-260000082811us-gaap:RestrictedStockMember2019-12-280000082811us-gaap:RestrictedStockMember2018-12-302019-12-280000082811us-gaap:RestrictedStockMember2019-12-292020-09-260000082811us-gaap:RestrictedStockMember2020-09-260000082811us-gaap:RestrictedStockUnitsRSUMember2019-12-280000082811us-gaap:RestrictedStockUnitsRSUMember2018-12-302019-12-280000082811us-gaap:RestrictedStockUnitsRSUMember2019-12-292020-09-260000082811us-gaap:RestrictedStockUnitsRSUMember2020-09-260000082811srt:MinimumMemberus-gaap:PerformanceSharesMember2019-12-292020-09-260000082811srt:MaximumMemberus-gaap:PerformanceSharesMember2019-12-292020-09-260000082811us-gaap:PerformanceSharesMember2019-12-292020-09-260000082811us-gaap:PerformanceSharesMember2018-12-302019-09-280000082811us-gaap:PerformanceSharesMember2019-12-280000082811us-gaap:PerformanceSharesMember2018-12-302019-12-280000082811us-gaap:PerformanceSharesMember2020-09-26rbc:subsidiary0000082811rbc:CurrencyForwardContractsMembercurrency:CNY2020-09-260000082811currency:MXNrbc:CurrencyForwardContractsMember2020-09-260000082811currency:EURrbc:CurrencyForwardContractsMember2020-09-260000082811currency:INRrbc:CurrencyForwardContractsMember2020-09-260000082811rbc:CurrencyForwardContractsMembercurrency:CAD2020-09-260000082811currency:AUDrbc:CurrencyForwardContractsMember2020-09-260000082811currency:GBPrbc:CurrencyForwardContractsMember2020-09-260000082811currency:THBrbc:CurrencyForwardContractsMember2020-09-260000082811rbc:CopperMemberrbc:CommodityForwardContractsMember2020-09-260000082811rbc:CommodityForwardContractsMemberrbc:AluminumMember2020-09-260000082811rbc:ReceiveVariablePayFixedInterestRateSwapMember2020-09-26rbc:derivative_instrument0000082811us-gaap:ForeignExchangeForwardMember2020-09-260000082811us-gaap:InterestRateSwapMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-260000082811us-gaap:InterestRateSwapMemberus-gaap:OtherNoncurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-260000082811us-gaap:InterestRateSwapMemberrbc:HedgingObligationsCurrentMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-260000082811rbc:NoncurrentHedgingObligationsMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-260000082811us-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMember2020-09-260000082811us-gaap:OtherNoncurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMember2020-09-260000082811rbc:HedgingObligationsCurrentMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMember2020-09-260000082811rbc:NoncurrentHedgingObligationsMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMember2020-09-260000082811us-gaap:CommodityContractMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-260000082811us-gaap:CommodityContractMemberus-gaap:OtherNoncurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-260000082811us-gaap:CommodityContractMemberrbc:HedgingObligationsCurrentMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-260000082811rbc:NoncurrentHedgingObligationsMemberus-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-260000082811us-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMember2020-09-260000082811us-gaap:OtherNoncurrentAssetsMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMember2020-09-260000082811rbc:HedgingObligationsCurrentMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMember2020-09-260000082811rbc:NoncurrentHedgingObligationsMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMember2020-09-260000082811us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2020-09-260000082811us-gaap:OtherNoncurrentAssetsMember2020-09-260000082811rbc:HedgingObligationsCurrentMember2020-09-260000082811rbc:NoncurrentHedgingObligationsMember2020-09-260000082811us-gaap:InterestRateSwapMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-280000082811us-gaap:InterestRateSwapMemberus-gaap:OtherNoncurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-280000082811us-gaap:InterestRateSwapMemberrbc:HedgingObligationsCurrentMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-280000082811rbc:NoncurrentHedgingObligationsMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-280000082811us-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMember2019-12-280000082811us-gaap:OtherNoncurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMember2019-12-280000082811rbc:HedgingObligationsCurrentMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMember2019-12-280000082811rbc:NoncurrentHedgingObligationsMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMember2019-12-280000082811us-gaap:CommodityContractMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-280000082811us-gaap:CommodityContractMemberus-gaap:OtherNoncurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-280000082811us-gaap:CommodityContractMemberrbc:HedgingObligationsCurrentMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-280000082811rbc:NoncurrentHedgingObligationsMemberus-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-280000082811us-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMember2019-12-280000082811us-gaap:OtherNoncurrentAssetsMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMember2019-12-280000082811rbc:HedgingObligationsCurrentMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMember2019-12-280000082811rbc:NoncurrentHedgingObligationsMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMember2019-12-280000082811us-gaap:CommodityContractMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberus-gaap:NondesignatedMember2019-12-280000082811us-gaap:CommodityContractMemberus-gaap:OtherNoncurrentAssetsMemberus-gaap:NondesignatedMember2019-12-280000082811us-gaap:CommodityContractMemberrbc:HedgingObligationsCurrentMemberus-gaap:NondesignatedMember2019-12-280000082811rbc:NoncurrentHedgingObligationsMemberus-gaap:CommodityContractMemberus-gaap:NondesignatedMember2019-12-280000082811us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2019-12-280000082811us-gaap:OtherNoncurrentAssetsMember2019-12-280000082811rbc:HedgingObligationsCurrentMember2019-12-280000082811rbc:NoncurrentHedgingObligationsMember2019-12-280000082811rbc:CommodityForwardContractsMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811rbc:CommodityForwardContractsMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:SalesMemberrbc:CommodityForwardContractsMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:SalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:SalesMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:SalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:SalesMemberrbc:CommodityForwardContractsMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:SalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:SalesMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:SalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811rbc:CommodityForwardContractsMemberus-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:InterestRateSwapMemberus-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811rbc:CommodityForwardContractsMemberus-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:InterestRateSwapMemberus-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811rbc:CommodityForwardContractsMemberus-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:InterestRateSwapMemberus-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811rbc:CommodityForwardContractsMemberus-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:InterestRateSwapMemberus-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811rbc:CommodityForwardContractsMemberus-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:InterestRateSwapMemberus-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811rbc:CommodityForwardContractsMemberus-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:InterestRateSwapMemberus-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811rbc:CommodityForwardContractsMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811rbc:CommodityForwardContractsMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:SalesMemberrbc:CommodityForwardContractsMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:SalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:SalesMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:SalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:SalesMemberrbc:CommodityForwardContractsMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:SalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:SalesMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:SalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811rbc:CommodityForwardContractsMemberus-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:InterestRateSwapMemberus-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811rbc:CommodityForwardContractsMemberus-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:InterestRateSwapMemberus-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:CostOfSalesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811rbc:CommodityForwardContractsMemberus-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:InterestRateSwapMemberus-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811rbc:CommodityForwardContractsMemberus-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:InterestRateSwapMemberus-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:OperatingExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811rbc:CommodityForwardContractsMemberus-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:InterestRateSwapMemberus-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811rbc:CommodityForwardContractsMemberus-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:InterestRateSwapMemberus-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811rbc:CommodityForwardContractsMemberus-gaap:CostOfSalesMemberus-gaap:NondesignatedMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:CostOfSalesMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811rbc:CommodityForwardContractsMemberus-gaap:CostOfSalesMemberus-gaap:NondesignatedMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:CostOfSalesMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811rbc:CommodityForwardContractsMemberus-gaap:OperatingExpenseMemberus-gaap:NondesignatedMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811us-gaap:OperatingExpenseMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2020-06-282020-09-260000082811rbc:CommodityForwardContractsMemberus-gaap:OperatingExpenseMemberus-gaap:NondesignatedMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811us-gaap:OperatingExpenseMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-06-302019-09-280000082811rbc:CommodityForwardContractsMemberus-gaap:CostOfSalesMemberus-gaap:NondesignatedMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:CostOfSalesMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811rbc:CommodityForwardContractsMemberus-gaap:CostOfSalesMemberus-gaap:NondesignatedMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:CostOfSalesMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811rbc:CommodityForwardContractsMemberus-gaap:OperatingExpenseMemberus-gaap:NondesignatedMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811us-gaap:OperatingExpenseMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2019-12-292020-09-260000082811rbc:CommodityForwardContractsMemberus-gaap:OperatingExpenseMemberus-gaap:NondesignatedMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:OperatingExpenseMemberus-gaap:NondesignatedMemberrbc:CurrencyForwardContractsMemberus-gaap:CashFlowHedgingMember2018-12-302019-09-280000082811us-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberrbc:CurrencyForwardContractsMember2020-09-260000082811us-gaap:CommodityContractMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2020-09-260000082811us-gaap:OtherNoncurrentAssetsMemberrbc:CurrencyForwardContractsMember2020-09-260000082811rbc:HedgingObligationsCurrentMemberrbc:CurrencyForwardContractsMember2020-09-260000082811rbc:NoncurrentHedgingObligationsMemberrbc:CurrencyForwardContractsMember2020-09-260000082811us-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberrbc:CurrencyForwardContractsMember2019-12-280000082811us-gaap:CommodityContractMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2019-12-280000082811us-gaap:OtherNoncurrentAssetsMemberrbc:CurrencyForwardContractsMember2019-12-280000082811us-gaap:CommodityContractMemberus-gaap:OtherNoncurrentAssetsMember2019-12-280000082811rbc:HedgingObligationsCurrentMemberrbc:CurrencyForwardContractsMember2019-12-280000082811us-gaap:CommodityContractMemberrbc:HedgingObligationsCurrentMember2019-12-280000082811rbc:NoncurrentHedgingObligationsMemberrbc:CurrencyForwardContractsMember2019-12-280000082811us-gaap:FairValueInputsLevel2Memberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberrbc:DerivativeCurrencyContractsMember2020-09-260000082811us-gaap:FairValueInputsLevel2Memberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberrbc:DerivativeCurrencyContractsMember2019-12-280000082811us-gaap:FairValueInputsLevel2Memberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberus-gaap:CommodityContractMember2020-09-260000082811us-gaap:FairValueInputsLevel2Memberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberus-gaap:CommodityContractMember2019-12-280000082811rbc:AssetsHeldInRabbiTrustMemberus-gaap:OtherNoncurrentAssetsMemberus-gaap:FairValueInputsLevel1Member2020-09-260000082811rbc:AssetsHeldInRabbiTrustMemberus-gaap:OtherNoncurrentAssetsMemberus-gaap:FairValueInputsLevel1Member2019-12-280000082811us-gaap:FairValueInputsLevel2Memberus-gaap:OtherNoncurrentAssetsMemberrbc:DerivativeCurrencyContractsMember2020-09-260000082811us-gaap:FairValueInputsLevel2Memberus-gaap:OtherNoncurrentAssetsMemberrbc:DerivativeCurrencyContractsMember2019-12-280000082811us-gaap:FairValueInputsLevel2Memberus-gaap:OtherNoncurrentAssetsMemberus-gaap:CommodityContractMember2020-09-260000082811us-gaap:FairValueInputsLevel2Memberus-gaap:OtherNoncurrentAssetsMemberus-gaap:CommodityContractMember2019-12-280000082811us-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateSwapMemberrbc:HedgingObligationsCurrentMember2020-09-260000082811us-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateSwapMemberrbc:HedgingObligationsCurrentMember2019-12-280000082811us-gaap:FairValueInputsLevel2Memberrbc:HedgingObligationsCurrentMemberrbc:DerivativeCurrencyContractsMember2020-09-260000082811us-gaap:FairValueInputsLevel2Memberrbc:HedgingObligationsCurrentMemberrbc:DerivativeCurrencyContractsMember2019-12-280000082811us-gaap:FairValueInputsLevel2Memberrbc:HedgingObligationsCurrentMemberus-gaap:CommodityContractMember2020-09-260000082811us-gaap:FairValueInputsLevel2Memberrbc:HedgingObligationsCurrentMemberus-gaap:CommodityContractMember2019-12-280000082811us-gaap:FairValueInputsLevel2Memberrbc:NoncurrentHedgingObligationsMemberus-gaap:InterestRateSwapMember2020-09-260000082811us-gaap:FairValueInputsLevel2Memberrbc:NoncurrentHedgingObligationsMemberus-gaap:InterestRateSwapMember2019-12-280000082811us-gaap:FairValueInputsLevel2Memberrbc:NoncurrentHedgingObligationsMemberrbc:DerivativeCurrencyContractsMember2020-09-260000082811us-gaap:FairValueInputsLevel2Memberrbc:NoncurrentHedgingObligationsMemberrbc:DerivativeCurrencyContractsMember2019-12-280000082811us-gaap:EmployeeSeveranceMemberus-gaap:CostOfSalesMember2020-06-282020-09-260000082811us-gaap:OperatingExpenseMemberus-gaap:EmployeeSeveranceMember2020-06-282020-09-260000082811us-gaap:EmployeeSeveranceMember2020-06-282020-09-260000082811us-gaap:EmployeeSeveranceMemberus-gaap:CostOfSalesMember2019-06-302019-09-280000082811us-gaap:OperatingExpenseMemberus-gaap:EmployeeSeveranceMember2019-06-302019-09-280000082811us-gaap:EmployeeSeveranceMember2019-06-302019-09-280000082811us-gaap:FacilityClosingMemberus-gaap:CostOfSalesMember2020-06-282020-09-260000082811us-gaap:FacilityClosingMemberus-gaap:OperatingExpenseMember2020-06-282020-09-260000082811us-gaap:FacilityClosingMember2020-06-282020-09-260000082811us-gaap:FacilityClosingMemberus-gaap:CostOfSalesMember2019-06-302019-09-280000082811us-gaap:FacilityClosingMemberus-gaap:OperatingExpenseMember2019-06-302019-09-280000082811us-gaap:FacilityClosingMember2019-06-302019-09-280000082811us-gaap:OtherRestructuringMemberus-gaap:CostOfSalesMember2020-06-282020-09-260000082811us-gaap:OtherRestructuringMemberus-gaap:OperatingExpenseMember2020-06-282020-09-260000082811us-gaap:OtherRestructuringMember2020-06-282020-09-260000082811us-gaap:OtherRestructuringMemberus-gaap:CostOfSalesMember2019-06-302019-09-280000082811us-gaap:OtherRestructuringMemberus-gaap:OperatingExpenseMember2019-06-302019-09-280000082811us-gaap:OtherRestructuringMember2019-06-302019-09-280000082811us-gaap:CostOfSalesMember2020-06-282020-09-260000082811us-gaap:OperatingExpenseMember2020-06-282020-09-260000082811us-gaap:CostOfSalesMember2019-06-302019-09-280000082811us-gaap:OperatingExpenseMember2019-06-302019-09-280000082811us-gaap:EmployeeSeveranceMemberus-gaap:CostOfSalesMember2019-12-292020-09-260000082811us-gaap:OperatingExpenseMemberus-gaap:EmployeeSeveranceMember2019-12-292020-09-260000082811us-gaap:EmployeeSeveranceMember2019-12-292020-09-260000082811us-gaap:EmployeeSeveranceMemberus-gaap:CostOfSalesMember2018-12-302019-09-280000082811us-gaap:OperatingExpenseMemberus-gaap:EmployeeSeveranceMember2018-12-302019-09-280000082811us-gaap:EmployeeSeveranceMember2018-12-302019-09-280000082811us-gaap:FacilityClosingMemberus-gaap:CostOfSalesMember2019-12-292020-09-260000082811us-gaap:FacilityClosingMemberus-gaap:OperatingExpenseMember2019-12-292020-09-260000082811us-gaap:FacilityClosingMember2019-12-292020-09-260000082811us-gaap:FacilityClosingMemberus-gaap:CostOfSalesMember2018-12-302019-09-280000082811us-gaap:FacilityClosingMemberus-gaap:OperatingExpenseMember2018-12-302019-09-280000082811us-gaap:FacilityClosingMember2018-12-302019-09-280000082811us-gaap:OtherRestructuringMemberus-gaap:CostOfSalesMember2019-12-292020-09-260000082811us-gaap:OtherRestructuringMemberus-gaap:OperatingExpenseMember2019-12-292020-09-260000082811us-gaap:OtherRestructuringMember2019-12-292020-09-260000082811us-gaap:OtherRestructuringMemberus-gaap:CostOfSalesMember2018-12-302019-09-280000082811us-gaap:OtherRestructuringMemberus-gaap:OperatingExpenseMember2018-12-302019-09-280000082811us-gaap:OtherRestructuringMember2018-12-302019-09-280000082811us-gaap:CostOfSalesMember2019-12-292020-09-260000082811us-gaap:OperatingExpenseMember2019-12-292020-09-260000082811us-gaap:CostOfSalesMember2018-12-302019-09-280000082811us-gaap:OperatingExpenseMember2018-12-302019-09-280000082811us-gaap:EmployeeSeveranceMember2020-09-260000082811us-gaap:FacilityClosingMember2020-09-260000082811srt:ScenarioForecastMember2021-01-02

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
for the quarterly period ended September 26, 2020 or 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission file number 001-07283

REGAL BELOIT CORPORATION
(Exact name of registrant as specified in its charter)
 
Wisconsin39-0875718
(State of other jurisdiction of
incorporation)
(IRS Employer
Identification No.)
200 State Street, Beloit, Wisconsin 53511
(Address of principal executive office)
(608) 364-8800
Registrant’s telephone number, including area code

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading SymbolName of each exchange on which registered
Common StockRBCNew York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes   No 
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes   No 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act:
Large Accelerated Filer
Accelerated Filer
Non-accelerated filer
Smaller Reporting Company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  No  
On October 26, 2020 the registrant had outstanding 40,595,282 shares of common stock, $0.01 par value per share.




REGAL BELOIT CORPORATION
INDEX
 
 Page
Item 1 —
Item 2 —
Item 3 —
Item 4 —
Item 1 —
Item 1A —
Item 2 —
Item 6 —
 

2


CAUTIONARY STATEMENT

Certain statements made in this Quarterly Report on Form 10-Q are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management’s expectations, beliefs, current assumptions, and projections. When used in this Quarterly Report on Form 10-Q, words such as “may,” “will,” “expect,” “intend,” “estimate,” “forecast,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or similar words are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Those factors include, but are not limited to:

the continued financial and operational impacts of and uncertainties relating to the COVID-19 pandemic on us and our customers and suppliers and the geographies in which we operate;
uncertainties regarding our ability to execute our restructuring plans within expected costs and timing;
actions taken by our competitors and our ability to effectively compete in the increasingly competitive global electric motor, drives and controls, power generation and power transmission industries;
our ability to develop new products based on technological innovation, such as the Internet of Things, and marketplace acceptance of new and existing products, including products related to technology not yet adopted or utilized in certain geographic locations in which we do business;
fluctuations in commodity prices and raw material costs;
our dependence on significant customers;
risks associated with global manufacturing, including risks associated with public health crises;
issues and costs arising from the integration of acquired companies and businesses and the timing and impact of purchase accounting adjustments;
effects on earnings of any significant impairment of goodwill or intangible assets;
prolonged declines or disruption in one or more markets we serve, such as heating, ventilation, air conditioning ("HVAC"), refrigeration, power generation, oil and gas, unit material handling or water heating;
economic changes in global markets where we do business, such as reduced demand for the products we sell, currency exchange rates, inflation rates, interest rates, recession, government policies, including policy changes affecting taxation, trade, tariffs, immigration, customs, border actions and the like, and other external factors that we cannot control;
product liability and other litigation, or claims by end users, government agencies or others that our products or our customers’ applications failed to perform as anticipated, particularly in high volume applications or where such failures are alleged to be the cause of property or casualty claims;
our overall debt levels and our ability to repay principal and interest on our outstanding debt;
changes in the method of determining London Interbank Offered Rate ("LIBOR"), or the replacement of LIBOR with an alternative reference rate;
unanticipated liabilities of acquired businesses;
unanticipated adverse effects or liabilities from business exits or divestitures;
unanticipated costs or expenses we may incur related to product warranty issues;
our dependence on key suppliers and the potential effects of supply disruptions;
infringement of our intellectual property by third parties, challenges to our intellectual property and claims of infringement by us of third party technologies;
losses from failures, breaches, attacks or disclosures involving our information technology infrastructure and data;
cyclical downturns affecting the global market for capital goods; and
other risks and uncertainties including but not limited to those described in “Part I - Item 1A - Risk Factors” in our Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission ("SEC") on February 26, 2020 and from time to time in other filed reports.

Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this Quarterly Report on Form 10-Q are made only as of the date of this report, and we undertake no obligation to update these statements to reflect subsequent events or circumstances. Additional information regarding these and other risks and uncertainties is included in "Part I - Item 1A - Risk Factors" in our Annual Report on Form 10-K filed with the SEC on February 26, 2020 and from time to time in other filed reports.

3


PART I—FINANCIAL INFORMATION
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

REGAL BELOIT CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(Amounts in Millions, Except Per Share Data)
 
 Three Months EndedNine Months Ended
 September 26, 2020September 28, 2019September 26, 2020September 28, 2019
Net Sales$758.2 $772.3 $2,126.5 $2,499.8 
Cost of Sales536.6 570.4 1,531.3 1,829.3 
Gross Profit221.6 201.9 595.2 670.5 
Operating Expenses131.6 128.9 385.1 416.3 
Gain (Loss) on Divestiture of Businesses 0.2 (0.1)(45.2)
Asset Impairments  4.3 10.0 
       Total Operating Expenses131.6 129.1 389.3 381.1 
Income from Operations90.0 72.8 205.9 289.4 
Other (Income) Expenses, net(1.1)0.1 (3.3)0.4 
Interest Expense9.0 13.5 31.2 40.5 
Interest Income1.3 1.5 3.8 4.0 
Income before Taxes83.4 60.7 181.8 252.5 
Provision for Income Taxes17.1 9.9 39.5 47.5 
Net Income66.3 50.8 142.3 205.0 
Less: Net Income Attributable to Noncontrolling Interests1.3 1.1 3.4 2.8 
Net Income Attributable to Regal Beloit Corporation$65.0 $49.7 $138.9 $202.2 
Earnings Per Share Attributable to Regal Beloit Corporation:
Basic$1.60 $1.20 $3.42 $4.78 
Assuming Dilution$1.60 $1.19 $3.41 $4.75 
Weighted Average Number of Shares Outstanding:
Basic40.6 41.5 40.6 42.3 
Assuming Dilution40.8 41.7 40.7 42.6 

See Accompanying Notes to Condensed Consolidated Financial Statements

4


REGAL BELOIT CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited)
(Dollars in Millions)
 
 Three Months EndedNine Months Ended
 September 26, 2020September 28, 2019September 26, 2020September 28, 2019
Net Income$66.3 $50.8 $142.3 $205.0 
Other Comprehensive Income (Loss) Net of Tax:
Foreign Currency Translation Adjustments36.7 (38.5)(2.8)(31.7)
Reclassification of Foreign Currency Translation Adjustments included in Net Income, Net of $0.0 Million Tax Effects for the Three Months and Nine Months Ended September 26, 2020 and September 28, 2019, Respectively
   1.6 
Hedging Activities:
Increase (Decrease) in Fair Value of Hedging Activities, Net of Tax Effects of $1.9 Million and $(1.6) Million for the Three Months Ended September 26, 2020 and September 28, 2019 and $(3.9) Million and $1.4 Million for the Nine Months Ended September 26, 2020 and September 28, 2019, Respectively
6.0 (4.9)(12.3)4.4 
Reclassification of Losses (Gains) included in Net Income, Net of Tax Effects of $2.0 Million and $(1.0) Million for the Three Months Ended September 26, 2020 and September 28, 2019 and $1.9 Million and $(1.0) Million for the Nine Months Ended September 26, 2020 and September 28, 2019, Respectively
6.2 (3.2)5.8 (3.2)
Pension and Post Retirement Plans:
Reclassification Adjustments for Pension and Post Retirement Benefits included in Net Income, Net of Tax Effects of $0.0 Million and $0.1 Million for the Three Months Ended September 26, 2020 and September 28, 2019 and $0.1 Million and $0.3 Million for the Nine Months Ended September 26, 2020 and September 28, 2019, Respectively
0.1 0.4 0.3 1.3 
Other Comprehensive Income (Loss)49.0 (46.2)(9.0)(27.6)
Comprehensive Income115.3 4.6 133.3 177.4 
Less: Comprehensive Income (Loss) Attributable to Noncontrolling Interests2.2 (0.1)3.5 1.6 
Comprehensive Income Attributable to Regal Beloit Corporation$113.1 $4.7 $129.8 $175.8 
        See Accompanying Notes to Condensed Consolidated Financial Statements

5


REGAL BELOIT CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Dollars in Millions, Except Per Share Data)
 
September 26, 2020December 28, 2019
ASSETS
Current Assets:
Cash and Cash Equivalents$487.5 $331.4 
Trade Receivables, Less Allowances of $15.6 Million in 2020 and $9.7 Million in 2019
472.5 461.4 
Inventories677.2 678.4 
Prepaid Expenses and Other Current Assets110.4 133.7 
Assets Held for Sale5.0 2.8 
Total Current Assets1,752.6 1,607.7 
Net Property, Plant, and Equipment549.4 605.0 
Operating Lease Assets74.7 71.0 
Goodwill1,508.4 1,501.3 
Intangible Assets, Net of Amortization535.4 567.2 
Deferred Income Tax Benefits43.9 58.4 
Other Noncurrent Assets15.0 20.1 
Total Assets$4,479.4 $4,430.7 
LIABILITIES AND EQUITY
Current Liabilities:
Accounts Payable$363.8 $337.0 
Dividends Payable12.2 12.2 
Current Hedging Obligations8.0 3.4 
Accrued Compensation and Employee Benefits82.1 67.3 
Other Accrued Expenses112.4 118.4 
Current Operating Lease Liabilities21.7 21.6 
Current Maturities of Long-Term Debt230.6 0.6 
Total Current Liabilities830.8 560.5 
Long-Term Debt840.2 1,136.9 
Deferred Income Taxes177.6 171.9 
Noncurrent Hedging Obligations2.3 1.2 
Pension and Other Post Retirement Benefits74.1 80.8 
Noncurrent Operating Lease Liabilities55.5 51.0 
Other Noncurrent Liabilities47.0 48.0 
Contingencies (see Note 13)
Equity:
Regal Beloit Corporation Shareholders' Equity:
Common Stock, $0.01 par value, 100.0 Million Shares Authorized, 40.6 Million and 40.8 Million Shares Issued and Outstanding for 2020 and 2019, Respectively
0.4 0.4 
Additional Paid-In Capital695.9 701.8 
Retained Earnings1,972.5 1,886.7 
Accumulated Other Comprehensive Loss(246.9)(237.8)
Total Regal Beloit Corporation Shareholders' Equity2,421.9 2,351.1 
Noncontrolling Interests30.0 29.3 
Total Equity2,451.9 2,380.4 
Total Liabilities and Equity$4,479.4 $4,430.7 
See Accompanying Notes to Condensed Consolidated Financial Statements.
6


REGAL BELOIT CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
(Unaudited)
(Dollars in Millions, Except Per Share Data)
 
Three Months Ended
Common Stock $0.01 Par ValueAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)Noncontrolling InterestsTotal Equity
June 27, 2020$0.4 $694.0 $1,919.7 $(295.0)$27.9 $2,347.0 
Net Income— — 65.0 — 1.3 66.3 
Other Comprehensive Income— — — 48.1 0.9 49.0 
Dividends Declared ($0.30 Per Share)
— — (12.2)— — (12.2)
Stock Options Exercised— (0.8)— — — (0.8)
Share-Based Compensation— 2.7 — — — 2.7 
Dividends Declared to Noncontrolling Interests— — — — (0.1)(0.1)
September 26, 2020$0.4 $695.9 $1,972.5 $(246.9)$30.0 $2,451.9 
June 29, 2019$0.4 $750.7 $1,882.7 $(232.8)$29.4 $2,430.4 
Net Income— — 49.7 — 1.1 50.8 
Other Comprehensive Loss— — — (45.0)(1.2)(46.2)
Dividends Declared ($0.30 Per Share)
— — (12.3)— — (12.3)
Stock Options Exercised— (0.5)— — — (0.5)
Stock Repurchase— (45.0)(49.2)— — (94.2)
Share-Based Compensation— 2.6 — — — 2.6 
Dividends Declared to Noncontrolling Interests— — — — (1.5)(1.5)
September 28, 2019$0.4 $707.8 $1,870.9 $(277.8)$27.8 $2,329.1 
 
7


Nine Months Ended
Common Stock $0.01 Par ValueAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)Noncontrolling InterestsTotal Equity
December 28, 2019$0.4 $701.8 $1,886.7 $(237.8)$29.3 $2,380.4 
Net Income— — 138.9 — 3.4 142.3 
Other Comprehensive Income (Loss)— — — (9.1)0.1 (9.0)
Dividends Declared ($0.90 Per Share)
— — (36.5)— — (36.5)
Stock Options Exercised— (3.0)— — — (3.0)
Stock Repurchase— (11.1)(13.9)— — (25.0)
Share-Based Compensation— 8.2 — — — 8.2 
Adoption of ASU 2016-13— — (2.7)— — (2.7)
Dividends Declared to Noncontrolling Interests— — — — (2.8)(2.8)
September 26, 2020$0.4 $695.9 $1,972.5 $(246.9)$30.0 $2,451.9 
December 29, 2018$0.4 $783.6 $1,777.9 $(251.4)$28.0 $2,338.5 
Net Income— — 202.2 — 2.8 205.0 
Other Comprehensive Loss— — — (26.4)(1.2)(27.6)
Dividends Declared ($0.88 Per Share)
— — (36.9)— — (36.9)
Stock Options Exercised— (8.0)— — — (8.0)
Stock Repurchase— (77.8)(72.3)— — (150.1)
Share-Based Compensation— 10.0 — — — 10.0 
Dividends Declared to Noncontrolling Interests— — — — (1.8)(1.8)
September 28, 2019$0.4 $707.8 $1,870.9 $(277.8)$27.8 $2,329.1 

See Accompanying Notes to Condensed Consolidated Financial Statements.
8


REGAL BELOIT CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(Dollars in Millions)
 Nine Months Ended
September 26, 2020September 28, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income$142.3 $205.0 
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities (Net of Acquisitions and Divestitures):
Depreciation and Amortization98.8 100.4 
Asset Impairments4.3 10.0 
Noncash Lease Expense18.3 20.5 
Loss on Sale or Disposition of Assets, Net2.7 1.7 
Share-Based Compensation Expense8.2 10.0 
Gain on Divestiture of Businesses(0.1)(45.2)
Change in Operating Assets and Liabilities35.4 (31.2)
Net Cash Provided by Operating Activities309.9 271.2 
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Property, Plant and Equipment(29.7)(77.3)
Proceeds from Divestiture of Businesses0.3 159.6 
Proceeds from Sale of Assets7.6 1.7 
Net Cash (Used in) Provided by Investing Activities(21.8)84.0 
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings Under Revolving Credit Facility898.1 894.3 
Repayments Under Revolving Credit Facility(915.8)(977.4)
Proceeds from Short-Term Borrowings2.3 27.5 
Repayments of Short-Term Borrowings(2.3)(27.5)
Proceeds from Long-Term Borrowings0.1  
Repayments of Long-Term Borrowings(50.2)(24.2)
Dividends Paid to Shareholders(36.5)(36.6)
Shares Surrendered for Taxes(3.3)(8.0)
Proceeds from the Exercise of Stock Options0.2  
Repurchase of Common Stock(25.0)(150.1)
Distributions to Noncontrolling Interests(2.8)(1.8)
Net Cash Used in Financing Activities(135.2)(303.8)
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS3.2 (7.0)
Net Increase in Cash and Cash Equivalents156.1 44.4 
Cash and Cash Equivalents at Beginning of Period331.4 248.6 
Cash and Cash Equivalents at End of Period$487.5 $293.0 
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION