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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Accounts Receivable, Allowance for Credit Loss The following is a rollforward of the aggregated allowance for credit losses related to our trade accounts receivables as of December 31, 2022 ($ in millions):
Balance, December 31, 2021$39.7 
Provision14.0 
Write-offs(9.1)
Foreign currency exchange(0.7)
Balance, December 31, 2022$43.9 
Schedule of Estimated Useful Lives of Depreciable Assets The provision for depreciation has been computed principally by the straight-line method based on the estimated useful lives of the depreciable assets as follows:
Category  Useful Life
Buildings  30 years
Leased assets and leasehold improvements  Amortized over the lesser of the economic life of the asset or the term of the lease
Machinery, equipment and other  
3 – 10 years
The classes of property, plant and equipment as of December 31 are summarized as follows ($ in millions):
20222021
Land and improvements$54.3 $54.9 
Buildings and leasehold improvements312.3 312.9 
Machinery, equipment and other809.8 706.7 
Gross property, plant and equipment1,176.4 1,074.5 
Less: accumulated depreciation(754.5)(679.0)
Property, plant and equipment, net$421.9 $395.5 
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component The changes in AOCI by component are summarized below ($ in millions):
Foreign
currency
translation
adjustments
Pension & post-
retirement
plan benefit
adjustments (b)
Total
Balance, January 1, 2020$21.2 $(77.5)$(56.3)
Other comprehensive income (loss) before reclassifications:
Increase (decrease)63.5 (20.7)42.8 
Income tax impact— 4.3 4.3 
Other comprehensive income (loss) before reclassifications, net of income taxes63.5 (16.4)47.1 
Amounts reclassified from accumulated other comprehensive income (loss):
Increase— 4.7 
(a)
4.7 
Income tax impact— (1.0)(1.0)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes:— 3.7 3.7 
Net current period other comprehensive income (loss):63.5 (12.7)50.8 
Vontier Separation(138.7)3.1 (135.6)
Balance, December 31, 2020$(54.0)$(87.1)$(141.1)
Other comprehensive income (loss) before reclassifications:
Increase (decrease)(68.7)27.7 (41.0)
Income tax impact— (6.2)(6.2)
Other comprehensive income (loss) before reclassifications, net of income taxes(68.7)21.5 (47.2)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase— 4.3 
(a)
4.3 
Income tax impact— (1.0)(1.0)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes— 3.3 3.3 
Net current period other comprehensive income (loss)(68.7)24.8 (43.9)
Balance, December 31, 2021$(122.7)$(62.3)$(185.0)
Other comprehensive income (loss) before reclassifications:
Increase (decrease)(181.4)47.6 (133.8)
Income tax impact— (10.3)(10.3)
Other comprehensive income (loss) before reclassifications, net of income taxes(181.4)37.3 (144.1)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase2.7 0.9 
(a)
3.6 
Income tax impact— (0.2)(0.2)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes2.7 0.7 3.4 
Net current period other comprehensive income (loss)(178.7)38.0 (140.7)
Balance, December 31, 2022$(301.4)$(24.3)$(325.7)
(a) This component of AOCI is included in the computation of net periodic pension cost (refer to Note 12).
(b) Includes balances relating to defined benefit plans, supplemental executive retirement plans, and other postretirement employee benefit plans.