SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule Of Reportable Segments

The following sets forth certain financial information attributable to the Company's operating segments, recast as described above, for the three and six months ended June 30, 2023 and June 30, 2022:

	Three Months Ended
June 30, 2023	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Eliminations		Total
External Sales	$	698.7	$	460.1	$	473.1	$	136.7	$	—	$	1,768.6
Intersegment Sales	4.4		3.5		5.9		0.7		(14.5)		—
Total Sales	703.1		463.6		479.0		137.4		(14.5)		1,768.6
Gross Profit	224.4		133.8		176.2		29.4		—		563.8
Operating Expenses	184.2		74.0		127.6		26.4		—		412.2
Total Operating Expenses	184.2		74.0		127.6		26.4		—		412.2
Income from Operations	40.2		59.8		48.6		3.0		—		151.6
Depreciation and Amortization	74.4		11.8		47.6		3.2		—		137.0
Capital Expenditures	19.7		8.4		14.3		2.4		—		44.8
June 30, 2022
External Sales	$	422.1	$	595.4	$	194.1	$	137.8	$	—	$	1,349.4
Intersegment Sales	1.8		2.2		1.7		0.5		(6.2)		—
Total Sales	423.9		597.6		195.8		138.3		(6.2)		1,349.4
Gross Profit	167.7		156.7		70.6		38.5		—		433.5
Operating Expenses	98.9		70.7		48.4		20.6		—		238.6
Total Operating Expenses	98.9		70.7		48.4		20.6		—		238.6
Income from Operations	68.8		86.0		22.2		17.9		—		194.9
Depreciation and Amortization	44.1		11.8		18.9		3.6		—		78.4
Capital Expenditures	5.0		9.8		1.7		2.7		—		19.2

	Six Months Ended
June 30, 2023	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Eliminations		Total
External Sales	$	1,113.1	$	929.6	$	676.3	$	273.7	$	—	$	2,992.7
Intersegment Sales	7.9		7.7		11.1		1.4		(28.1)		—
Total Sales	1,121.0		937.3		687.4		275.1		(28.1)		2,992.7
Gross Profit	401.8		251.5		251.6		57.0		—		961.9
Operating Expenses	335.7		146.3		208.2		51.2		—		741.4
Total Operating Expenses	335.7		146.3		208.2		51.2		—		741.4
Income from Operations	66.1		105.2		43.4		5.8		—		220.5
Depreciation and Amortization	116.0		23.5		67.3		6.7		—		213.5
Capital Expenditures	25.1		17.1		17.4		3.9		—		63.5
June 30, 2022
External Sales	$	838.4	$	1,162.6	$	378.4	$	268.5	$	—	$	2,647.9
Intersegment Sales	3.4		5.1		5.1		1.0		(14.6)		—
Total Sales	841.8		1,167.7		383.5		269.5		(14.6)		2,647.9
Gross Profit	322.0		334.2		133.6		65.6		—		855.4
Operating Expenses	206.9		143.8		99.1		40.8		—		490.6
Total Operating Expenses	206.9		143.8		99.1		40.8		—		490.6
Income from Operations	115.1		190.4		34.5		24.8		—		364.8
Depreciation and Amortization	86.7		23.9		38.6		7.1		—		156.3
Capital Expenditures	7.5		17.7		3.3		4.1		—		32.6

The following table presents identifiable assets information attributable to the Company's operating segments, recast as described above, as of June 30, 2023 and December 31, 2022:

	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
Identifiable Assets as of June 30, 2023	$	8,139.0	$	2,055.2	$	4,980.8	$	682.8	$	15,857.8
Identifiable Assets as of December 31, 2022	5,028.5		2,234.1		2,202.2		804.1		10,268.9