DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash

The following table provides a reconciliation of the amount of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets. Restricted cash represents cash collateral for bank guarantees.

	December 31, 2023		December 31, 2022		December 31, 2021
Cash and cash equivalents	$	780.4	$	260.6	$	439.1
Restricted cash included in other current assets	8.2		12.6		8.0
Total cash, cash equivalents, and restricted cash	$	788.6	$	273.2	$	447.1

Schedule of Change in the Allowance for Credit Losses

The change in allowance for credit losses is as follows:

	Year Ended December 31,
	2023		2022		2021
Beginning balance	$	18.4	$	14.1	$	15.0
Provision charged to expense	11.3		5.6		0.6
Deductions	(0.6)		(1.3)		(1.5)
Ending balance	$	29.1	$	18.4	$	14.1

Schedule of Inventory

The following are the components of inventory:

	December 31, 2023		December 31, 2022
Inventories
Finished products	$	261.6	$	276.5
Raw materials	484.3		377.2
Work in process	138.4		168.3
Total inventories	$	884.3	$	822.0

The change in inventory obsolescence is as follows:

	December 31, 2023		December 31, 2022		December 31, 2021
Beginning balance	$	56.0	$	56.2	$	64.1
Provision charged to expense	28.8		30.1		15.7
Write-offs and other	(25.8)		(30.3)		(23.6)
Ending balance	$	59.0	$	56.0	$	56.2

Schedule of Property, Plant and Equipment

Following are the components of property, plant and equipment:

	December 31, 2023		December 31, 2022
Property, plant and equipment, net
Machinery and equipment	$	479.7	$	405.4
Buildings	343.6		312.4
Land	41.3		41.0
Construction in progress	67.5		41.5
Property, plant and equipment, at cost	932.1		800.3
Less: Accumulated depreciation	(372.0)		(310.9)
Property, plant and equipment, net	$	560.1	$	489.4

Schedule of Product Warranty Liability

The change in product warranty accrual is as follows:

	December 31, 2023		December 31, 2022		December 31, 2021
Beginning balance	$	25.6	$	30.0	$	36.5
Provision charge to expense	22.7		16.0		16.6
Paid/utilized	(22.2)		(20.4)		(23.1)
Ending balance	$	26.1	$	25.6	$	30.0