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SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Reportable Business Segments
Three months ended March 31, 2026
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$1,822.4 $630.7 $494.9 $2,948.0 
Intersegment sales8.0 117.0 173.5 298.5 
Net Sales1,814.4 513.7 321.4 2,649.5 
Significant segment expenses
Cost of sales(1)
1,078.4 362.5 196.3 1,637.2 
Marketing, sales and service costs94.7 32.3 27.5 154.5 
Engineering, research and development costs75.6 27.2 23.0 125.8 
Information technology costs26.8 14.6 8.6 50.0 
Restructuring costs0.1 — (5.0)(4.9)
Other segment items(2)
48.6 9.7 17.5 75.8 
Operating profit (loss)490.2 67.4 53.5 611.1 
Foreign currency gain (loss)1.6 
Corporate(95.0)
Total corporate and other(93.4)
Amortization of intangibles(77.6)
Operating profit (loss)440.1 
(1)    Cost of sales exclusive of engineering, research and development costs.
(2)    Other segment expenses mostly consist of general and administrative expenses such as Finance, Human Resources, Treasury and Legal costs.

Three months ended March 31, 2025
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$1,197.2 $486.1 $528.3 $2,211.6 
Intersegment sales11.9 38.9 124.8 175.6 
Net Sales1,185.3 447.2 403.5 2,036.0 
Significant segment expenses
Cost of sales(1)
762.1 324.8 252.0 1,338.9 
Marketing, sales and service costs65.2 28.8 24.2 118.2 
Engineering, research and development costs50.3 25.0 23.3 98.6 
Information technology costs21.9 16.5 10.2 48.6 
Restructuring costs0.1 — 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(44.8)
Total corporate and other(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 consist of general and administrative expenses such as Finance, Human Resources, Treasury and Legal costs.
Total AssetsMarch 31, 2026December 31, 2025
Americas$6,327.9 $5,864.3 
Asia Pacific1,960.3 1,810.7 
Europe, Middle East & Africa2,715.2 2,918.0 
11,003.4 10,593.0 
Corporate and other 2,396.7 1,619.4 
Total$13,400.1 $12,212.4 
Depreciation and AmortizationThree months ended March 31, 2026Three months ended March 31, 2025
Americas$65.8 $32.8 
Asia Pacific10.0 9.1 
Europe, Middle East & Africa22.3 21.0 
Corporate and other9.6 8.7 
Total$107.7 $71.6 
Capital ExpendituresThree months ended March 31, 2026Three months ended March 31, 2025
Americas$66.8 $16.2 
Asia Pacific20.7 9.4 
Europe, Middle East & Africa17.6 6.3 
Corporate and other7.5 4.6 
Total$112.6 $36.5