OTHER FINANCIAL INFORMATION (Disaggregation of Revenue) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Net Sales	$ 1,768.6	$ 1,349.4	$ 2,992.7	$ 2,647.9
Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	698.7	422.1	1,113.1	838.4
Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	460.1	595.4	929.6	1,162.6
Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	473.1	194.1	676.3	378.4
Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	136.7	137.8	273.7	268.5
North America
Disaggregation of Revenue [Line Items]
Net Sales	1,230.2	984.5	2,106.3	1,919.8
North America | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	491.0	295.7	784.2	586.0
North America | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	359.2	465.0	726.6	909.4
North America | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	310.2	148.2	452.0	280.3
North America | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	69.8	75.6	143.5	144.1
Asia
Disaggregation of Revenue [Line Items]
Net Sales	164.2	130.6	262.6	254.8
Asia | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	51.9	33.1	68.4	64.3
Asia | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	44.9	54.6	88.7	105.0
Asia | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	26.6	5.3	28.0	8.5
Asia | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	40.8	37.6	77.5	77.0
Europe
Disaggregation of Revenue [Line Items]
Net Sales	285.1	164.2	440.0	320.9
Europe | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	120.7	62.7	173.5	120.3
Europe | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	41.8	48.0	84.5	94.3
Europe | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	107.1	40.2	150.9	80.7
Europe | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	15.5	13.3	31.1	25.6
Rest-of-World
Disaggregation of Revenue [Line Items]
Net Sales	89.1	70.1	183.8	152.4
Rest-of-World | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	35.1	30.6	87.0	67.8
Rest-of-World | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	14.2	27.8	29.8	53.9
Rest-of-World | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	29.2	0.4	45.4	8.9
Rest-of-World | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	$ 10.6	$ 11.3	$ 21.6	$ 21.8