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RESTRUCTURING ACTIVITIES (Tables)
6 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
Schedule Of Restructuring Reserve
The following table presents a reconciliation of provisions and payments for the restructuring projects for the three and six months ended June 30, 2024 and June 30, 2023:
Three Months EndedSix Months Ended
June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Beginning Balance$20.8 $10.1 $29.1 $15.1 
Acquisition(1)
— — — 0.2 
Provision(2)
9.9 14.0 18.0 19.0 
Less: Payments14.0 5.8 30.4 16.0 
Ending Balance$16.7 $18.3 $16.7 $18.3 

(1) Excludes $12.4 million of severance related to the Altra Transaction, which was paid in the second quarter 2023.
(2) Excludes equipment related write-offs and restructuring related depreciation adjustments.
Schedule of Reconciliation Of Expenses By Type
The following table presents a reconciliation of restructuring costs for restructuring projects for the three and six months ended June 30, 2024 and June 30, 2023:
Three Months Ended
June 30, 2024June 30, 2023
Restructuring Costs:Cost of SalesOperating ExpensesTotalCost of SalesOperating ExpensesTotal
Employee Termination Expenses$1.7 $2.0 $3.7 $7.4 $2.3 $9.7 
Facility Related Costs0.2 0.5 0.7 2.1 0.2 2.3 
Other Expenses3.7 1.2 4.9 1.9 0.1 2.0 
  Total Restructuring Costs$5.6 $3.7 $9.3 $11.4 $2.6 $14.0 
Six Months Ended
June 30, 2024June 30, 2023
Restructuring Costs:Cost of SalesOperating ExpensesTotalCost of SalesOperating ExpensesTotal
Employee Termination Expenses$5.8 $3.0 $8.8 $9.7 $2.9 $12.6 
Facility Related Costs2.9 0.5 3.4 3.0 0.2 3.2 
Other Expenses5.3 1.3 6.6 3.1 0.1 3.2 
  Total Restructuring Costs$14.0 $4.8 $18.8 $15.8 $3.2 $19.0 
The following table presents restructuring costs by segment for the three and six months ended June 30, 2024 and June 30, 2023:
Restructuring Costs - Three Months EndedTotalIndustrial Powertrain SolutionsPower Efficiency SolutionsAutomation & Motion ControlIndustrial Systems
June 30, 2024$9.3 $1.9 $4.6 $1.9 $0.9 
June 30, 2023$14.0 $2.0 $10.5 $1.0 $0.5 
Restructuring Costs - Six Months EndedTotalIndustrial Powertrain SolutionsPower Efficiency SolutionsAutomation & Motion ControlIndustrial Systems
June 30, 2024$18.8 $5.1 $9.5 $3.2 $1.0 
June 30, 2023$19.0 $1.6 $15.2 $1.5 $0.7