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HELD FOR SALE, ACQUISITIONS AND DIVESTITURES (Preliminary Purchase Price) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 27, 2023
Sep. 30, 2023
Jun. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Jan. 24, 2023
Dec. 31, 2022
Business Acquisition [Line Items]                
Stock based compensation   $ 12.9   $ 5.8 $ 49.1 $ 17.0    
Common stock, shares outstanding (in shares)   66.3     66.3     66.2
Long-term debt   $ 6,497.6     $ 6,497.6     $ 2,023.5
Senior Notes                
Business Acquisition [Line Items]                
Long-term debt   $ 4,700.0     4,700.0      
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 paid for outstanding Altra Common Stock     $ 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%     95.28%      
Debt instrument interest rate (in percent) 6.125% 6.125%     6.125%      
Long-term debt $ 18.1 $ 18.1     $ 18.1      
Altra Merger Agreement | Altra Industrial Motion Corp                
Business Acquisition [Line Items]                
Common stock, shares outstanding (in shares) 65.3