RESTRUCTURING ACTIVITIES (Tables)

6 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

The following table presents a reconciliation of provisions and payments for the restructuring projects for the three and six months ended June 30, 2023 and June 30, 2022:


	Three Months Ended				Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Beginning Balance	$	10.1	$	14.5	$	15.1	$	5.0
Acquisition(1)	—		—		0.2		—
Provision	14.0		(1.0)		19.0		15.8
Less: Payments/ Other	5.8		7.1		16.0		14.4
Ending Balance	$	18.3	$	6.4	$	18.3	$	6.4

(1) Excludes $12.4 million of severance related to the Altra Transaction, which was paid in the second quarter 2023.

Schedule of Reconciliation Of Expenses By Type

The following table presents a reconciliation of restructuring and restructuring-related costs for restructuring projects for the three and six months ended June 30, 2023 and June 30, 2022, respectively:


	Three Months Ended
	June 30, 2023						June 30, 2022
Restructuring Costs:	Cost of Sales		Operating Expenses		Total		Cost of Sales		Operating Expenses		Total
Employee Termination Expenses	$	7.4	$	2.3	$	9.7	$	1.4	$	(1.0)	$	0.4
Facility Related Costs	2.1		0.2		2.3		(2.0)		0.1		(1.9)
Other Expenses	1.9		0.1		2.0		0.1		0.4		0.5
Total Restructuring Costs	$	11.4	$	2.6	$	14.0	$	(0.5)	$	(0.5)	$	(1.0)

	Six Months Ended
	June 30, 2023						June 30, 2022
Restructuring Costs:	Cost of Sales		Operating Expenses		Total		Cost of Sales		Operating Expenses		Total
Employee Termination Expenses	$	9.7	$	2.9	$	12.6	$	6.2	$	2.6	$	8.8
Facility Related Costs	3.0		0.2		3.2		6.0		0.5		6.5
Other Expenses	3.1		0.1		3.2		0.1		0.4		0.5
Total Restructuring Costs	$	15.8	$	3.2	$	19.0	$	12.3	$	3.5	$	15.8

The following table presents the allocation of restructuring and restructuring-related costs by segment for the three and six months ended June 30, 2023 and June 30, 2022:


Restructuring Costs - Three Months Ended	Total		Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems
June 30, 2023	$	14.0	$	2.0	$	10.5	$	1.0	$	0.5
June 30, 2022	$	(1.0)	$	(4.9)	$	0.7	$	3.0	$	0.2

Restructuring Costs - Six Months Ended	Total		Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems
June 30, 2023	$	19.0	$	1.6	$	15.2	$	1.5	$	0.7
June 30, 2022	$	15.8	$	9.4	$	1.7	$	4.5	$	0.2