OTHER FINANCIAL INFORMATION (Disaggregation of Revenue) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Net Sales	$ 1,547.7	$ 1,224.1
Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	643.4	414.4
Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	385.3	469.5
Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	400.2	203.2
Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	118.8	137.0
North America
Disaggregation of Revenue [Line Items]
Net Sales	1,025.8	876.1
North America | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	406.9	293.2
North America | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	296.9	367.4
North America | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	263.2	141.8
North America | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	58.8	73.7
Asia
Disaggregation of Revenue [Line Items]
Net Sales	128.6	98.4
Asia | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	35.7	16.5
Asia | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	37.8	43.8
Asia | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	21.1	1.4
Asia | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	34.0	36.7
Europe
Disaggregation of Revenue [Line Items]
Net Sales	293.8	154.9
Europe | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	150.0	52.8
Europe | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	34.6	42.7
Europe | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	95.8	43.8
Europe | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	13.4	15.6
Rest-of-World
Disaggregation of Revenue [Line Items]
Net Sales	99.5	94.7
Rest-of-World | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	50.8	51.9
Rest-of-World | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	16.0	15.6
Rest-of-World | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	20.1	16.2
Rest-of-World | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	$ 12.6	$ 11.0