SEGMENT INFORMATION (Details) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023 USD ($)	Mar. 31, 2023 segment	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) segment	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment		4		4
Total Sales	$ 1,768.6		$ 1,349.4	$ 2,992.7	$ 2,647.9
Gross Profit	563.8		433.5	961.9	855.4
Operating Expenses	412.2		238.6	741.4	490.6
Total Operating Expenses	412.2		238.6	741.4	490.6
Income from Operations	151.6		194.9	220.5	364.8
Depreciation and Amortization	137.0		78.4	213.5	156.3
Capital Expenditures	44.8		19.2	63.5	32.6
Assets	15,857.8			15,857.8		$ 10,268.9
Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales	698.7		422.1	1,113.1	838.4
Assets	8,139.0			8,139.0		5,028.5
Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales	460.1		595.4	929.6	1,162.6
Assets	2,055.2			2,055.2		2,234.1
Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales	473.1		194.1	676.3	378.4
Assets	4,980.8			4,980.8		2,202.2
Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	136.7		137.8	273.7	268.5
Assets	682.8			682.8		$ 804.1
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total Sales	14.5		6.2	28.1	14.6
Intersegment Eliminations | Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales	(4.4)		(1.8)	(7.9)	(3.4)
Intersegment Eliminations | Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales	(3.5)		(2.2)	(7.7)	(5.1)
Intersegment Eliminations | Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales	(5.9)		(1.7)	(11.1)	(5.1)
Intersegment Eliminations | Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	(0.7)		(0.5)	(1.4)	(1.0)
Operating Segments | Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales	703.1		423.9	1,121.0	841.8
Gross Profit	224.4		167.7	401.8	322.0
Operating Expenses	184.2		98.9	335.7	206.9
Total Operating Expenses	184.2		98.9	335.7	206.9
Income from Operations	40.2		68.8	66.1	115.1
Depreciation and Amortization	74.4		44.1	116.0	86.7
Capital Expenditures	19.7		5.0	25.1	7.5
Operating Segments | Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales	463.6		597.6	937.3	1,167.7
Gross Profit	133.8		156.7	251.5	334.2
Operating Expenses	74.0		70.7	146.3	143.8
Total Operating Expenses	74.0		70.7	146.3	143.8
Income from Operations	59.8		86.0	105.2	190.4
Depreciation and Amortization	11.8		11.8	23.5	23.9
Capital Expenditures	8.4		9.8	17.1	17.7
Operating Segments | Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales	479.0		195.8	687.4	383.5
Gross Profit	176.2		70.6	251.6	133.6
Operating Expenses	127.6		48.4	208.2	99.1
Total Operating Expenses	127.6		48.4	208.2	99.1
Income from Operations	48.6		22.2	43.4	34.5
Depreciation and Amortization	47.6		18.9	67.3	38.6
Capital Expenditures	14.3		1.7	17.4	3.3
Operating Segments | Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	137.4		138.3	275.1	269.5
Gross Profit	29.4		38.5	57.0	65.6
Operating Expenses	26.4		20.6	51.2	40.8
Total Operating Expenses	26.4		20.6	51.2	40.8
Income from Operations	3.0		17.9	5.8	24.8
Depreciation and Amortization	3.2		3.6	6.7	7.1
Capital Expenditures	$ 2.4		$ 2.7	$ 3.9	$ 4.1