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DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024December 31, 2023December 31, 2022
Cash and cash equivalents$1,227.6 $780.4 $260.6 
Restricted cash included in other current assets4.6 8.2 12.6 
Total cash, cash equivalents, and restricted cash$1,232.2 $788.6 $273.2 
Schedule of Change in the Allowance for Credit Losses
The change in allowance for credit losses is as follows:
Year Ended December 31,
202420232022
Beginning balance$29.1 $18.4 $14.1 
Provision charged to expense1.6 11.3 5.6 
Deductions(8.3)(0.6)(1.3)
Ending balance$22.4 $29.1 $18.4 
Schedule of Inventory
The following are the components of inventory:
December 31, 2024December 31, 2023
Inventories
Finished products$400.8 $261.6 
Raw materials564.7 484.3 
Work in process278.9 138.4 
Total inventories$1,244.4 $884.3 
The change in inventory obsolescence is as follows:
December 31, 2024December 31, 2023December 31, 2022
Beginning balance$59.0 $56.0 $56.2 
Provision charged to expense46.7 28.8 30.1 
Write-offs and other(31.9)(25.8)(30.3)
Ending balance$73.8 $59.0 $56.0 
Schedule of Property, Plant and Equipment
Following are the components of property, plant and equipment:
December 31, 2024December 31, 2023
Property, plant and equipment, net(1)
Machinery and equipment$570.1 $479.7 
Buildings362.1 343.6 
Land39.4 41.3 
Construction in progress87.5 67.5 
Property, plant and equipment, at cost1,059.1 932.1 
Less: Accumulated depreciation(434.0)(372.0)
Property, plant and equipment, net$625.1 $560.1 
(1)    Property, plant and equipment, net in the United States was $148.8 and $142.4 as of December 31, 2024 and 2023, respectively.
Schedule of Product Warranty Liability
The change in product warranty accrual is as follows:
December 31, 2024December 31, 2023December 31, 2022
Beginning balance$26.1 $25.6 $30.0 
Provision charge to expense25.7 22.7 16.0 
Paid/utilized(24.3)(22.2)(20.4)
Ending balance$27.5 $26.1 $25.6