SEGMENT INFORMATION (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment			3
Total Sales	$ 1,547.6	$ 1,768.6	$ 3,095.3	$ 2,992.7
Gross Profit	571.0	563.8	1,124.1	961.9
Operating Expenses	394.3	412.2	792.0	741.4
(Gain) Loss on Sale of Businesses	(17.2)	0.0	4.3	0.0
Total Operating Expenses	377.1	412.2	796.3	741.4
Income from Operations	193.9	151.6	327.8	220.5
Depreciation and Amortization	127.0	137.0	255.2	213.5
Capital Expenditures	32.4	44.8	50.9	63.5
Assets	14,607.7		14,607.7		$ 15,431.4
Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales	675.5	698.7	1,318.9	1,113.1
Assets	7,807.9		7,807.9		8,009.4
Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales	410.9	460.1	796.2	929.6
Assets	1,987.2		1,987.2		2,036.4
Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales	422.2	473.1	822.4	676.3
Assets	4,812.6		4,812.6		4,909.2
Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	39.0	136.7	157.8	273.7
Assets	0.0		0.0		$ 476.4
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total Sales	7.9	14.5	20.7	28.1
Intersegment Eliminations | Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales	(1.8)	(4.4)	(4.7)	(7.9)
Intersegment Eliminations | Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales	(0.6)	(3.5)	(5.7)	(7.7)
Intersegment Eliminations | Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales	(5.3)	(5.9)	(9.8)	(11.1)
Intersegment Eliminations | Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	(0.2)	(0.7)	(0.5)	(1.4)
Operating Segments | Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales	677.3	703.1	1,323.7	1,121.0
Gross Profit	270.5	224.4	535.3	401.8
Operating Expenses	180.7	184.2	363.4	335.7
(Gain) Loss on Sale of Businesses	0.0		0.0
Total Operating Expenses	180.7		363.4
Income from Operations	89.8	40.2	171.9	66.1
Depreciation and Amortization	70.7	74.4	140.9	116.0
Capital Expenditures	14.3	19.7	23.1	25.1
Operating Segments | Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales	411.5	463.6	801.9	937.3
Gross Profit	121.2	133.8	220.5	251.5
Operating Expenses	76.1	74.0	146.9	146.3
(Gain) Loss on Sale of Businesses	0.0		0.0
Total Operating Expenses	76.1		146.9
Income from Operations	45.1	59.8	73.6	105.2
Depreciation and Amortization	10.6	11.8	22.2	23.5
Capital Expenditures	7.4	8.4	11.1	17.1
Operating Segments | Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales	427.5	479.0	832.2	687.4
Gross Profit	169.2	176.2	329.1	251.6
Operating Expenses	127.4	127.6	247.1	208.2
(Gain) Loss on Sale of Businesses	0.0		0.0
Total Operating Expenses	127.4		247.1
Income from Operations	41.8	48.6	82.0	43.4
Depreciation and Amortization	45.6	47.6	91.5	67.3
Capital Expenditures	6.5	14.3	12.4	17.4
Operating Segments | Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	39.2	137.4	158.2	275.1
Gross Profit	10.1	29.4	39.2	57.0
Operating Expenses	10.1	26.4	34.6	51.2
(Gain) Loss on Sale of Businesses	(17.2)		4.3
Total Operating Expenses	(7.1)		38.9
Income from Operations	17.2	3.0	0.3	5.8
Depreciation and Amortization	0.1	3.2	0.6	6.7
Capital Expenditures	$ 4.2	$ 2.4	$ 4.3	$ 3.9