GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes to Goodwill

The following table presents changes to goodwill during the six months ended June 30, 2023:

	Total		Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems
Balance as of December 31, 2022	$	4,018.8	$	2,290.0	$	752.3	$	865.0	$	111.5
Acquisitions	2,594.9		1,423.5		—		1,171.4		—
Translation Adjustments	5.2		7.8		0.3		(3.1)		0.2
Balance as of June 30, 2023	$	6,618.9	$	3,721.3	$	752.6	$	2,033.3	$	111.7
Cumulative Goodwill Impairment Charges	$	328.7	$	18.1	$	200.4	$	5.1	$	105.1

Schedule of Finite-Lived Intangible Assets

The following table presents intangible assets including those acquired in the Altra Transaction (see Note 3 - Acquisitions and Divestitures for more information):

		June 30, 2023						December 31, 2022
	Weighted Average Amortization Period (Years)	Gross Value		Accumulated Amortization		Net Carrying Amount		Gross Value		Accumulated Amortization		Net Carrying Amount
Customer Relationships	15	$	4,055.1	$	648.9	$	3,406.2	$	2,321.4	$	532.0	$	1,789.4
Technology	13	311.5		98.5		213.0		246.2		125.0		121.2
Trademarks	10	714.4		93.9		620.5		392.7		73.4		319.3
Total Intangibles		$	5,081.0	$	841.3	$	4,239.7	$	2,960.3	$	730.4	$	2,229.9

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table presents future estimated annual amortization expense for intangible assets:

Year	Estimated Amortization
2024	$	349.9
2025	347.9
2026	344.4
2027	343.7
2028	343.7