OTHER FINANCIAL INFORMATION - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Net Sales	$ 1,477.4	$ 1,649.8	$ 4,572.7	$ 4,642.5
Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	644.2	640.7	1,963.1	1,753.8
Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	431.6	461.3	1,227.8	1,390.9
Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	401.6	419.8	1,224.0	1,096.1
Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	0.0	128.0	157.8	401.7
North America
Disaggregation of Revenue [Line Items]
Net Sales	1,039.4	1,133.5	3,153.2	3,239.8
North America | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	431.5	422.6	1,306.7	1,206.8
North America | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	338.7	367.8	950.2	1,094.4
North America | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	269.2	274.8	816.9	726.8
North America | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	0.0	68.3	79.4	211.8
Asia
Disaggregation of Revenue [Line Items]
Net Sales	103.8	149.2	370.0	411.8
Asia | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	39.3	45.7	133.2	114.1
Asia | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	41.8	44.4	124.6	133.1
Asia | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	22.7	22.7	67.9	50.7
Asia | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	0.0	36.4	44.3	113.9
Europe
Disaggregation of Revenue [Line Items]
Net Sales	241.4	273.3	767.8	713.3
Europe | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	120.8	126.3	367.9	299.8
Europe | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	32.6	33.8	102.4	118.3
Europe | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	88.0	100.3	279.9	251.2
Europe | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	0.0	12.9	17.6	44.0
Rest-of-World
Disaggregation of Revenue [Line Items]
Net Sales	92.8	93.8	281.7	277.6
Rest-of-World | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	52.6	46.1	155.3	133.1
Rest-of-World | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	18.5	15.3	50.6	45.1
Rest-of-World | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	21.7	22.0	59.3	67.4
Rest-of-World | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	$ 0.0	$ 10.4	$ 16.5	$ 32.0