SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

SEGMENT INFORMATION

(10) SEGMENT INFORMATION

Operating profit (loss) is the primary income measure used by the chief operating decision maker ("CODM") to assess segment performance and make operating decisions. Segment performance is assessed exclusive of Corporate and other costs, foreign currency gain (loss), and amortization of intangibles. Corporate and other costs primarily include headquarter management costs, asset impairments, and costs that support centralized global functions including Finance, Treasury, Risk Management, Strategy & Marketing, Legal and global platform development and offering management.

The Company determines its reportable segments based on how operations are managed internally for the products and services sold to customers, including how the results are reviewed by the CODM, which includes determining resource allocation methodologies used for reportable segments. Summarized information about the Company’s results of operations by reportable segment and product and service offering follows:

Americas includes products and services sold for applications within the data center, communication networks and commercial and industrial markets in North America and Latin America. This segment’s principal product and service offerings include:

•Products include AC and DC power management, thermal management, low/medium voltage switchgear, busbar, integrated modular solutions, racks, single phase UPS, rack power distribution, rack thermal systems, configurable integrated solutions, energy storage solutions, hardware, and software for managing I.T. equipment.

•Services & spares includes preventative maintenance, acceptance testing, engineering and consulting, performance assessments, remote monitoring, training, spare parts, and critical digital infrastructure software.

Asia Pacific includes products and services sold for applications within the data center, communication networks and commercial and industrial markets throughout Greater China, India, and Asia. Products and services offered are similar to the Americas segment.

Europe, Middle East & Africa includes products and services sold for applications within the data center, communication networks and commercial and industrial markets in Europe, Middle East & Africa. Products and services offered are similar to the Americas segment.

Reportable Business Segments

	Three months ended March 31, 2025
	Americas		Asia Pacific		Europe, Middle East & Africa		Total
Sales	$	1,197.2	$	486.1	$	528.3	$	2,211.6
Intersegment sales	11.9		38.9		124.8		175.6
Net Sales	1,185.3		447.2		403.5		2,036.0
Significant segment expenses
Cost of sales(1)	762.1		324.8		252.0		1,338.9
Marketing, sales and service costs	65.2		28.8		24.2		118.2
Engineering, research and development costs	50.3		25.0		23.3		98.6
Information technology costs	21.9		16.5		10.2		48.6
Restructuring costs	0.1		—		0.6		0.7
Other segment items(2)	26.0		6.4		14.5		46.9
Operating profit (loss)	259.7		45.7		78.7		384.1
Foreign currency gain (loss)							(2.6)
Corporate and other							(44.8)
Total corporate, other and eliminations							(47.4)
Amortization of intangibles							(46.0)
Operating profit (loss)							290.7

(1)    Cost of sales exclusive of engineering, research and development costs.

(2)    Other segment expenses mostly consists of general and administrative expenses such as Finance, HR, Treasury and Legal costs.

	Three months ended March 31, 2024
	Americas		Asia Pacific		Europe, Middle East & Africa		Total
Sales	$	933.3	$	360.2	$	471.5	$	1,765.0
Intersegment sales	8.3		27.9		89.7		125.9
Net Sales	925.0		332.3		381.8		1,639.1
Significant segment expenses
Cost of sales(1)	584.9		234.4		243.0		1,062.3
Marketing, sales and service costs	72.5		27.7		22.9		123.1
Engineering, research and development costs	41.7		21.8		19.0		82.5
Information technology costs	18.2		13.8		8.0		40.0
Restructuring costs	0.1		0.4		0.7		1.2
Other segment items(2)	19.8		3.8		17.9		41.5
Operating profit (loss)	187.8		30.4		70.3		288.5
Foreign currency gain (loss)							(3.2)
Corporate and other							(36.7)
Total corporate, other and eliminations							(39.9)
Amortization of intangibles							(46.0)
Operating profit (loss)							$	202.6

(1)    Cost of sales exclusive of engineering, research and development costs.

(2)    Other segment expenses mostly consists of general and administrative expenses such as Finance, HR, Treasury and Legal costs.

Total Assets	March 31, 2025		December 31, 2024
Americas	$	3,675.2	$	3,728.9
Asia Pacific	1,673.2		1,631.6
Europe, Middle East & Africa	2,873.6		2,654.8
	8,222.0		8,015.3
Corporate and other	1,229.1		1,117.2
Total	9,451.1		$	9,132.5

Depreciation and Amortization	Three months ended March 31, 2025		Three months ended March 31, 2024
Americas	$	32.8	$	30.9
Asia Pacific	9.1		8.8
Europe, Middle East & Africa	21.0		21.1
Corporate and other	8.7		7.9
Total	$	71.6	$	68.7

	Three months ended March 31, 2025		Three months ended March 31, 2024
Capital Expenditures
Americas	$	16.2	$	16.1
Asia Pacific	3.1		4.4
Europe, Middle East & Africa	12.6		14.3
Corporate and other	4.6		1.0
Total	$	36.5	$	35.8