RESTRUCTURING ACTIVITIES (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2024 and September 30, 2023:

	Three Months Ended				Nine Months Ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
Beginning Balance	$	16.7	$	18.3	$	29.1	$	15.1
Acquisition(1)	—		—		—		0.2
Provision(2)	10.9		7.1		29.1		26.1
Less: Payments	10.2		4.6		40.8		20.6
Ending Balance	$	17.4	$	20.8	$	17.4	$	20.8

(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. The three and nine months ended September 30, 2023 excludes $7.5 million of accelerated depreciation.

Schedule of Reconciliation Of Expenses By Type

The following table presents a reconciliation of restructuring costs for restructuring projects for the three and nine months ended September 30, 2024 and September 30, 2023:

	Three Months Ended
	September 30, 2024						September 30, 2023
Restructuring Costs:	Cost of Sales		Operating Expenses		Total		Cost of Sales		Operating Expenses		Total
Employee Termination Expenses	$	3.1	$	7.0	$	10.1	$	0.4	$	2.0	$	2.4
Facility Related Costs	2.0		0.1		2.1		9.4		0.1		9.5
Other Expenses	0.2		0.5		0.7		2.8		(0.1)		2.7
Total Restructuring Costs	$	5.3	$	7.6	$	12.9	$	12.6	$	2.0	$	14.6
	Nine Months Ended
	September 30, 2024						September 30, 2023
Restructuring Costs:	Cost of Sales		Operating Expenses		Total		Cost of Sales		Operating Expenses		Total
Employee Termination Expenses	$	8.9	$	10.2	$	19.1	$	10.1	$	4.9	$	15.0
Facility Related Costs	4.9		0.5		5.4		12.4		0.3		12.7
Other Expenses	5.5		1.9		7.4		5.9		—		5.9
Total Restructuring Costs	$	19.3	$	12.6	$	31.9	$	28.4	$	5.2	$	33.6

The following table presents restructuring costs by segment for the three and nine months ended September 30, 2024 and September 30, 2023:

Restructuring Costs - Three Months Ended	Total		Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems
September 30, 2024	$	12.9	$	5.3	$	1.8	$	5.8	$	—
September 30, 2023	$	14.6	$	5.9	$	7.5	$	1.2	$	—
Restructuring Costs - Nine Months Ended	Total		Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems
September 30, 2024	$	31.9	$	10.4	$	11.4	$	9.1	$	1.0
September 30, 2023	$	33.6	$	7.5	$	22.7	$	2.7	$	0.7