Goodwill and Intangible Assets (Schedule of Changes To Goodwill) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2022
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 4,018.8	$ 4,039.2
Acquisitions	2,614.6	27.2
Reclassification to Noncurrent Assets Held for Sale	(53.9)
Impairment Charges	(57.3)	0.0	$ (33.0)
Translation and Other	30.9	(47.6)
Goodwill, ending balance	6,553.1	4,018.8	4,039.2
Cumulative Goodwill Impairment Charges	386.0
Industrial Powertrain Solutions
Goodwill [Roll Forward]
Goodwill, beginning balance	2,290.0	2,316.8
Acquisitions	1,438.3	9.5
Reclassification to Noncurrent Assets Held for Sale	0.0
Impairment Charges	0.0
Translation and Other	18.7	(36.3)
Goodwill, ending balance	3,747.0	2,290.0	2,316.8
Cumulative Goodwill Impairment Charges	18.1
Power Efficiency Solutions
Goodwill [Roll Forward]
Goodwill, beginning balance	752.3	759.4
Acquisitions	0.0	0.0
Reclassification to Noncurrent Assets Held for Sale	0.0
Impairment Charges	0.0
Translation and Other	1.6	(7.1)
Goodwill, ending balance	753.9	752.3	759.4
Cumulative Goodwill Impairment Charges	200.4
Automation & Motion Control
Goodwill [Roll Forward]
Goodwill, beginning balance	865.0	850.0
Acquisitions	1,176.3	17.7
Reclassification to Noncurrent Assets Held for Sale	0.0
Impairment Charges	0.0
Translation and Other	10.9	(2.7)
Goodwill, ending balance	2,052.2	865.0	850.0
Cumulative Goodwill Impairment Charges	5.1
Industrial Systems
Goodwill [Roll Forward]
Goodwill, beginning balance	111.5	113.0
Acquisitions	0.0	0.0
Reclassification to Noncurrent Assets Held for Sale	(53.9)
Impairment Charges	(57.3)
Translation and Other	(0.3)	(1.5)
Goodwill, ending balance	0.0	$ 111.5	$ 113.0
Cumulative Goodwill Impairment Charges	$ 162.4