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REVENUE Revenue (Tables)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]    
Disaggregation of Revenue [Table Text Block]
The following table represents our revenue disaggregated by end market for the three months ended March 31, 2020 and 2019.
For the Three Months Ended March 31, 2020
Motion Technologies
Industrial Process
Connect & Control Technologies
Eliminations
Total
Auto and rail
 
$
292.4

 
 
$
—

 
 
$
—

 
 
$
(0.1
)
 
 
$
292.3

 
Chemical and industrial pumps
 
—

 
 
161.5

 
 
—

 
 
—

 
 
161.5

 
Aerospace and defense
 
2.9

 
 
—

 
 
86.1

 
 
—

 
 
89.0

 
Oil and gas
 
—

 
 
65.8

 
 
7.8

 
 
—

 
 
73.6

 
General industrial
 
2.6

 
 
—

 
 
44.8

 
 
(0.5
)
 
 
46.9

 
Total
 
$
297.9

 
 
$
227.3

 
 
$
138.7

 
 
$
(0.6
)
 
 
$
663.3

 

For the Three Months Ended March 31, 2019
Motion Technologies
Industrial Process
Connect & Control Technologies
Eliminations
Total
Auto and rail
 
$
310.0

 
 
$
—

 
 
$
—

 
 
$
—

 
 
$
310.0

 
Chemical and industrial pumps
 
—

 
 
161.5

 
 
—

 
 
—

 
 
161.5

 
Aerospace and defense
 
2.3

 
 
—

 
 
99.5

 
 
—

 
 
101.8

 
Oil and gas
 
—

 
 
54.2

 
 
8.5

 
 
—

 
 
62.7

 
General industrial
 
2.9

 
 
—

 
 
57.0

 
 
(0.4
)
 
 
59.5

 
Total
 
$
315.2

 
 
$
215.7

 
 
$
165.0

 
 
$
(0.4
)
 
 
$
695.5

 

Contract with Customer, Asset and Liability [Table Text Block] The following table represents our net contract assets and liabilities as of March 31, 2020 and December 31, 2019.
 
March 31,
2020
December 31,
2019
Change
Current contract assets, net
 
$
15.6

 
 
$
18.0

 
 
(13.3
)%
 
Current contract liabilities
 
(51.2
)
 
 
(57.4
)
 
 
(10.8
)%
 
Net contract liabilities
 
$
(35.6
)
 
 
$
(39.4
)
 
 
(9.6
)%