OTHER FINANCIAL INFORMATION (Disaggregation of Revenue) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Net Sales	$ 1,547.6	$ 1,768.6	$ 3,095.3	$ 2,992.7
Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	675.5	698.7	1,318.9	1,113.1
Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	410.9	460.1	796.2	929.6
Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	422.2	473.1	822.4	676.3
Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	39.0	136.7	157.8	273.7
North America
Disaggregation of Revenue [Line Items]
Net Sales	1,075.8	1,230.2	2,113.8	2,106.3
North America | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	456.1	491.0	875.2	784.2
North America | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	314.6	359.2	611.5	726.6
North America | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	284.5	310.2	547.7	452.0
North America | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	20.6	69.8	79.4	143.5
Asia
Disaggregation of Revenue [Line Items]
Net Sales	130.8	164.2	266.2	262.6
Asia | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	51.4	51.9	93.9	68.4
Asia | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	45.0	44.9	82.8	88.7
Asia | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	24.1	26.6	45.2	28.0
Asia | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	10.3	40.8	44.3	77.5
Europe
Disaggregation of Revenue [Line Items]
Net Sales	258.3	285.1	526.4	440.0
Europe | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	122.8	120.7	247.1	173.5
Europe | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	35.2	41.8	69.8	84.5
Europe | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	96.1	107.1	191.9	150.9
Europe | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	4.2	15.5	17.6	31.1
Rest-of-World
Disaggregation of Revenue [Line Items]
Net Sales	82.7	89.1	188.9	183.8
Rest-of-World | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	45.2	35.1	102.7	87.0
Rest-of-World | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	16.1	14.2	32.1	29.8
Rest-of-World | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	17.5	29.2	37.6	45.4
Rest-of-World | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	$ 3.9	$ 10.6	$ 16.5	$ 21.6