OTHER FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 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
September 30, 2024	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
North America	$	431.5	$	338.7	$	269.2	$	—	$	1,039.4
Asia	39.3		41.8		22.7		—		103.8
Europe	120.8		32.6		88.0		—		241.4
Rest-of-World	52.6		18.5		21.7		—		92.8
Total	$	644.2	$	431.6	$	401.6	$	—	$	1,477.4
September 30, 2023	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
North America	$	422.6	$	367.8	$	274.8	$	68.3	$	1,133.5
Asia	45.7		44.4		22.7		36.4		149.2
Europe	126.3		33.8		100.3		12.9		273.3
Rest-of-World	46.1		15.3		22.0		10.4		93.8
Total	$	640.7	$	461.3	$	419.8	$	128.0	$	1,649.8

Nine Months Ended
September 30, 2024	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
North America	$	1,306.7	$	950.2	$	816.9	$	79.4	$	3,153.2
Asia	133.2		124.6		67.9		44.3		370.0
Europe	367.9		102.4		279.9		17.6		767.8
Rest-of-World	155.3		50.6		59.3		16.5		281.7
Total	$	1,963.1	$	1,227.8	$	1,224.0	$	157.8	$	4,572.7
September 30, 2023	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
North America	$	1,206.8	$	1,094.4	$	726.8	$	211.8	$	3,239.8
Asia	114.1		133.1		50.7		113.9		411.8
Europe	299.8		118.3		251.2		44.0		713.3
Rest-of-World	133.1		45.1		67.4		32.0		277.6
Total	$	1,753.8	$	1,390.9	$	1,096.1	$	401.7	$	4,642.5

Schedule of Percentage Distribution between Major Classes of Inventory

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

	September 30, 2024	December 31, 2023
Raw Material and Work in Process	67.4%	66.7%
Finished Goods and Purchased Parts	32.6%	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	September 30, 2024		December 31, 2023
Land and Improvements		$	132.8	$	139.2
Buildings and Improvements	3 - 50	403.7		414.5
Machinery and Equipment	3 - 15	1,200.6		1,219.4
Property, Plant and Equipment		1,737.1		1,773.1
Less: Accumulated Depreciation		(775.2)		(731.9)
Net Property, Plant and Equipment		$	961.9	$	1,041.2