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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 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, Human Resources, 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 include 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 June 30, 2025
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$1,609.9 $615.5 $615.2 $2,840.6 
Intersegment sales7.6 55.3 139.6 202.5 
Net Sales1,602.3 560.2 475.6 2,638.1 
Significant segment expenses
Cost of sales(1)
1,021.1 413.7 294.9 1,729.7 
Marketing, sales and service costs88.8 34.7 22.6 146.1 
Engineering, research and development costs55.3 29.0 26.8 111.1 
Information technology costs20.6 12.3 7.6 40.5 
Restructuring costs0.6 0.9 0.3 1.8 
Other segment items(2)
31.3 10.4 19.2 60.9 
Operating profit (loss)384.6 59.2 104.2 548.0 
Foreign currency gain (loss)(2.3)
Corporate(56.4)
Total corporate and other(58.7)
Amortization of intangibles(46.9)
Operating profit (loss)442.4 
(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 June 30, 2024
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$1,126.9 $448.3 $561.2 $2,136.4 
Intersegment sales5.8 39.2 138.6 183.6 
Net Sales1,121.1 409.1 422.6 1,952.8 
Significant segment expenses
Cost of sales(1)
659.7 288.7 252.0 1,200.4 
Marketing, sales and service costs81.5 30.2 24.0 135.7 
Engineering, research and development costs47.4 24.2 21.4 93.0 
Information technology costs19.7 14.9 8.6 43.2 
Restructuring costs0.2 (2.5)— (2.3)
Other segment items(2)
27.5 21.3 7.1 55.9 
Operating profit (loss)285.1 32.3 109.5 426.9 
Foreign currency gain (loss)(0.2)
Corporate(44.9)
Total corporate and other(45.1)
Amortization of intangibles(45.8)
Operating profit (loss)$336.0 
(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.
Six months ended June 30, 2025
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$2,807.1 $1,101.6 $1,143.5 $5,052.2 
Intersegment sales19.5 94.2 264.4 378.1 
Net Sales2,787.6 1,007.4 879.1 4,674.1 
Significant segment expenses
Cost of sales(1)
1,783.2 738.5 546.9 3,068.6 
Marketing, sales and service costs154.0 63.5 46.8 264.3 
Engineering, research and development costs105.6 54.0 50.1 209.7 
Information technology costs42.5 28.8 17.8 89.1 
Restructuring costs0.7 0.9 0.9 2.5 
Other segment items(2)
57.3 16.8 33.7 107.8 
Operating profit (loss)644.3 104.9 182.9 932.1 
Foreign currency gain (loss)(4.9)
Corporate(101.2)
Total corporate and other(106.1)
Amortization of intangibles(92.9)
Operating profit (loss)733.1 
(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.


Six months ended June 30, 2024
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$2,060.2 $808.5 $1,032.7 $3,901.4 
Intersegment sales14.1 67.1 228.3 309.5 
Net Sales2,046.1 741.4 804.4 3,591.9 
Significant segment expenses
Cost of sales(1)
1,244.6 523.1 495.9 2,263.6 
Marketing, sales and service costs154.0 57.9 46.9 258.8 
Engineering, research and development costs89.1 46.0 40.4 175.5 
Information technology costs37.9 28.7 16.6 83.2 
Restructuring costs0.3 (2.1)0.7 (1.1)
Other segment items(2)
47.3 25.1 24.1 96.5 
Operating profit (loss)472.9 62.7 179.8 715.4 
Foreign currency gain (loss)(3.4)
Corporate(81.6)
Total corporate and other(85.0)
Amortization of intangibles(91.8)
Operating profit (loss)$538.6 
(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 AssetsJune 30, 2025December 31, 2024
Americas$4,061.5 $3,728.9 
Asia Pacific1,765.9 1,631.6 
Europe, Middle East & Africa3,045.6 2,654.8 
8,873.0 8,015.3 
Corporate and other 1,533.2 1,117.2 
Total10,406.2 $9,132.5 
Depreciation and AmortizationThree months ended June 30, 2025Three months ended June 30, 2024Six months ended June 30, 2025Six months ended June 30, 2024
Americas$32.9 $31.2 $65.7 $62.1 
Asia Pacific9.1 8.2 18.2 17.0 
Europe, Middle East & Africa22.1 21.1 43.1 42.2 
Corporate and other9.2 7.9 17.9 15.8 
Total$73.3 $68.4 $144.9 $137.1 
Capital ExpendituresThree months ended June 30, 2025Three months ended June 30, 2024Six months ended June 30, 2025Six months ended June 30, 2024
Americas$21.9 $12.7 $38.1 $28.8 
Asia Pacific11.5 8.7 20.9 21.5 
Europe, Middle East & Africa9.8 12.6 16.1 18.5 
Corporate and other1.8 0.1 6.4 1.1 
Total$45.0 $34.1 $81.5 $69.9