SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Reportable Business Segments

Sales	Three months ended September 30, 2024		Three months ended September 30, 2023		Nine months ended September 30, 2024		Nine months ended September 30, 2023
Americas	$	1,210.0	$	1,014.5	$	3,270.2	$	2,854.8
Asia Pacific	479.9		411.3		1,288.4		1,160.3
Europe, Middle East & Africa	597.0		423.3		1,629.7		1,235.9
	2,286.9		1,849.1		6,188.3		5,251.0
Eliminations	(213.4)		(106.5)		(522.9)		(253.2)
Total	$	2,073.5	$	1,742.6	$	5,665.4	$	4,997.8

Intersegment sales (1)	Three months ended September 30, 2024		Three months ended September 30, 2023		Nine months ended September 30, 2024		Nine months ended September 30, 2023
Americas	$	11.4	$	11.3	$	25.5	$	29.9
Asia Pacific	47.5		22.7		114.6		62.9
Europe, Middle East & Africa (2)	154.5		72.5		382.8		160.4
Total	$	213.4	$	106.5	$	522.9	$	253.2

(1)Intersegment selling prices approximate market prices.

(2)Intersegment sales in Europe, Middle East & Africa increased during the three and nine months ended September 30, 2024 primarily as a result of higher sales volumes in the switchgear and busbar product lines.

Operating profit (loss)	Three months ended September 30, 2024		Three months ended September 30, 2023		Nine months ended September 30, 2024		Nine months ended September 30, 2023
Americas	$	303.4	$	206.5	$	776.3	$	544.0
Asia Pacific	44.1		49.7		106.8		104.5
Europe, Middle East & Africa	114.4		76.7		294.2		202.7
Total reportable segments	461.9		332.9		1,177.3		851.2
Foreign currency gain (loss)	(5.3)		(2.7)		(8.7)		(13.3)
Corporate and other	(39.7)		(33.8)		(121.3)		(114.8)
Total corporate, other and eliminations	(45.0)		(36.5)		(130.0)		(128.1)
Amortization of intangibles	(45.3)		(45.5)		(137.1)		(136.1)
Operating profit (loss)	$	371.6	$	250.9	$	910.2	$	587.0