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ACQUISITIONS AND DIVESTITURES (Preliminary Purchase Price) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 27, 2023
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Jan. 24, 2023
Dec. 31, 2022
Business Acquisition [Line Items]              
Stock based compensation   $ 14.5 $ 4.9 $ 36.2 $ 11.2    
Common stock, shares outstanding (in shares)   66.3   66.3     66.2
Long-term debt   $ 6,682.3   $ 6,682.3     $ 2,023.5
Senior Notes Due 2026 | Senior Notes              
Business Acquisition [Line Items]              
Debt instrument interest rate (in percent)           6.05%  
Altra Merger Agreement              
Business Acquisition [Line Items]              
Cash payment   $ 17.3   4,051.0      
Stock based compensation       23.1      
Payment of Altra debt       1,061.0      
Pre-existing relationships       (0.5)      
Preliminary purchase price $ 5,100.0     $ 5,134.6      
Share price (in dollars per share) $ 62.00            
Altra Merger Agreement | Senior Notes Due 2026 | Senior Notes              
Business Acquisition [Line Items]              
Percentage of debt outstanding   95.28%   95.28%      
Debt instrument interest rate (in percent)   6.125%   6.125%      
Long-term debt   $ 18.1   $ 18.1      
Altra Merger Agreement | Altra Industrial Motion Corp              
Business Acquisition [Line Items]              
Common stock, shares outstanding (in shares) 65.3