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SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Reportable Business Segments
Three months ended September 30, 2025
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$1,724.0 $597.7 $595.3 $2,917.0 
Intersegment sales11.6 77.9 151.7 241.2 
Net Sales1,712.4 519.8 443.6 2,675.8 
Significant segment expenses
Cost of sales(1)
1,006.0 364.0 283.4 1,653.4 
Marketing, sales and service costs89.7 33.5 24.2 147.4 
Engineering, research and development costs54.3 29.1 26.9 110.3 
Information technology costs21.7 14.7 9.1 45.5 
Other segment items(2)
38.9 10.0 16.5 65.4 
Operating profit (loss)501.8 68.5 83.5 653.8 
Foreign currency gain (loss)(0.9)
Corporate
(88.0)
Total corporate and other(88.9)
Amortization of intangibles(48.2)
Operating profit (loss)516.7 
(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.



Three months ended September 30, 2024
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$1,210.0 $479.9 $597.0 $2,286.9 
Intersegment sales11.4 47.5 154.5 213.4 
Net Sales1,198.6 432.4 442.5 2,073.5 
Significant segment expenses
Cost of sales(1)
740.5 305.7 260.0 1,306.2 
Marketing, sales and service costs78.9 31.7 24.5 135.1 
Engineering, research and development costs49.2 24.9 20.4 94.5 
Information technology costs21.0 13.6 8.2 42.8 
Restructuring costs(6.1)— 12.8 6.7 
Other segment items(2)
11.7 12.4 2.2 26.3 
Operating profit (loss)303.4 44.1 114.4 461.9 
Foreign currency gain (loss)(5.3)
Corporate(39.7)
Total corporate and other(45.0)
Amortization of intangibles(45.3)
Operating profit (loss)$371.6 
(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.
Nine months ended September 30, 2025
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$4,531.1 $1,699.3 $1,738.8 $7,969.2 
Intersegment sales31.1 172.1 416.1 619.3 
Net Sales4,500.0 1,527.2 1,322.7 7,349.9 
Significant segment expenses
Cost of sales(1)
2,789.2 1,102.5 830.3 4,722.0 
Marketing, sales and service costs243.7 97.0 71.0 411.7 
Engineering, research and development costs159.9 83.1 77.0 320.0 
Information technology costs64.2 43.5 26.9 134.6 
Restructuring costs0.7 0.9 0.9 2.5 
Other segment items(2)
96.2 26.8 50.2 173.2 
Operating profit (loss)1,146.1 173.4 266.4 1,585.9 
Foreign currency gain (loss)(5.8)
Corporate(189.2)
Total corporate and other(195.0)
Amortization of intangibles(141.1)
Operating profit (loss)1,249.8 
(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.


Nine months ended September 30, 2024
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$3,270.2 $1,288.4 $1,629.7 $6,188.3 
Intersegment sales25.5 114.6 382.8 522.9 
Net Sales3,244.7 1,173.8 1,246.9 5,665.4 
Significant segment expenses
Cost of sales(1)
1,985.1 828.8 755.0 3,568.9 
Marketing, sales and service costs232.9 89.6 71.4 393.9 
Engineering, research and development costs138.3 70.9 60.8 270.0 
Information technology costs58.9 42.3 24.8 126.0 
Restructuring costs(5.8)(2.1)13.5 5.6 
Other segment items(2)
59.0 37.5 27.2 123.7 
Operating profit (loss)776.3 106.8 294.2 1,177.3 
Foreign currency gain (loss)(8.7)
Corporate(121.3)
Total corporate and other(130.0)
Amortization of intangibles(137.1)
Operating profit (loss)$910.2 
(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 AssetsSeptember 30, 2025December 31, 2024
Americas$4,383.3 $3,728.9 
Asia Pacific1,785.3 1,631.6 
Europe, Middle East & Africa2,940.5 2,654.8 
9,109.1 8,015.3 
Corporate and other 1,707.2 1,117.2 
Total10,816.3 $9,132.5 
Depreciation and AmortizationThree months ended September 30, 2025Three months ended September 30, 2024Nine months ended September 30, 2025Nine months ended September 30, 2024
Americas$34.4 $31.5 $100.1 $93.6 
Asia Pacific9.4 8.6 27.6 25.6 
Europe, Middle East & Africa22.5 20.4 65.6 62.6 
Corporate and other9.1 8.4 27.0 24.2 
Total$75.4 $68.9 $220.3 $206.0 
Capital ExpendituresThree months ended September 30, 2025Three months ended September 30, 2024Nine months ended September 30, 2025Nine months ended September 30, 2024
Americas$21.0 $17.2 $59.1 $46.0 
Asia Pacific7.8 7.3 28.7 28.8 
Europe, Middle East & Africa16.2 11.2 32.3 29.7 
Corporate and other0.2 0.7 6.6 1.8 
Total$45.2 $36.4 $126.7 $106.3