OTHER FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Disaggregation of Revenue

The following tables presents the Company’s revenues disaggregated by geographical region:

Three Months Ended
June 30, 2024	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
North America	$	456.1	$	314.6	$	284.5	$	20.6	$	1,075.8
Asia	51.4		45.0		24.1		10.3		130.8
Europe	122.8		35.2		96.1		4.2		258.3
Rest-of-World	45.2		16.1		17.5		3.9		82.7
Total	$	675.5	$	410.9	$	422.2	$	39.0	$	1,547.6
June 30, 2023	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
North America	$	491.0	$	359.2	$	310.2	$	69.8	$	1,230.2
Asia	51.9		44.9		26.6		40.8		164.2
Europe	120.7		41.8		107.1		15.5		285.1
Rest-of-World	35.1		14.2		29.2		10.6		89.1
Total	$	698.7	$	460.1	$	473.1	$	136.7	$	1,768.6

Six Months Ended
June 30, 2024	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
North America	$	875.2	$	611.5	$	547.7	$	79.4	$	2,113.8
Asia	93.9		82.8		45.2		44.3		266.2
Europe	247.1		69.8		191.9		17.6		526.4
Rest-of-World	102.7		32.1		37.6		16.5		188.9
Total	$	1,318.9	$	796.2	$	822.4	$	157.8	$	3,095.3
June 30, 2023	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
North America	$	784.2	$	726.6	$	452.0	$	143.5	$	2,106.3
Asia	68.4		88.7		28.0		77.5		262.6
Europe	173.5		84.5		150.9		31.1		440.0
Rest-of-World	87.0		29.8		45.4		21.6		183.8
Total	$	1,113.1	$	929.6	$	676.3	$	273.7	$	2,992.7

Schedule of Percentage Distribution between Major Classes of Inventory

The following table presents approximate percentage distribution between major classes of inventories:

	June 30, 2024	December 31, 2023
Raw Material and Work in Process	67.8%	66.7%
Finished Goods and Purchased Parts	32.2%	33.3%

Schedule of Property, Plant, and Equipment by Major Classification

The following table presents property, plant, and equipment by major classification:

	Useful Life in Years	June 30, 2024		December 31, 2023
Land and Improvements		$	130.4	$	139.2
Buildings and Improvements	3 - 50	387.4		414.5
Machinery and Equipment	3 - 15	1,199.7		1,219.4
Property, Plant and Equipment		1,717.5		1,773.1
Less: Accumulated Depreciation		(747.4)		(731.9)
Net Property, Plant and Equipment		$	970.1	$	1,041.2