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ACQUISITIONS AND DIVESTITURES - Schedule of Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Business Acquisition [Line Items]      
Goodwill $ 6,557.3   $ 6,553.1
Altra Merger Agreement      
Business Acquisition [Line Items]      
Cash and Cash Equivalents   $ 259.1  
Trade Receivables   256.6  
Inventories   387.0  
Prepaid Expenses and Other Current Assets   32.4  
Property, Plant and Equipment   402.5  
Intangible Assets   2,142.0  
Deferred Income Tax Benefits   0.8  
Operating Lease Assets   46.8  
Other Noncurrent Assets   12.7  
Accounts Payable   (183.3)  
Accrued Compensation and Benefits   (66.0)  
Other Accrued Expenses   (145.3)  
Current Operating Lease Liabilities   (12.3)  
Current Maturities of Long-Term Debt   (0.4)  
Long-Term Debt   (25.3)  
Deferred Income Taxes   (525.1)  
Pension and Other Post Retirement Benefits   (19.8)  
Noncurrent Operating Lease Liabilities   (29.0)  
Other Noncurrent Liabilities   (8.3)  
Total Identifiable Net Assets   2,525.1  
Goodwill   2,609.5  
Purchase price   5,134.6  
Transaction costs   60.1  
Altra Merger Agreement | As Originally Reported      
Business Acquisition [Line Items]      
Cash and Cash Equivalents     259.1
Trade Receivables     258.1
Inventories     387.5
Prepaid Expenses and Other Current Assets     32.4
Property, Plant and Equipment     403.0
Intangible Assets     2,142.0
Deferred Income Tax Benefits     0.7
Operating Lease Assets     46.8
Other Noncurrent Assets     12.7
Accounts Payable     (183.3)
Accrued Compensation and Benefits     (66.0)
Other Accrued Expenses     (144.6)
Current Operating Lease Liabilities     (12.3)
Current Maturities of Long-Term Debt     (0.4)
Long-Term Debt     (25.3)
Deferred Income Taxes     (533.3)
Pension and Other Post Retirement Benefits     (19.8)
Noncurrent Operating Lease Liabilities     (29.0)
Other Noncurrent Liabilities     (8.3)
Total Identifiable Net Assets     2,520.0
Goodwill     2,614.6
Purchase price     $ 5,134.6
Altra Merger Agreement | Effect of Change      
Business Acquisition [Line Items]      
Trade Receivables   (1.5)  
Inventories   (0.5)  
Property, Plant and Equipment   (0.5)  
Deferred Income Tax Benefits   0.1  
Other Accrued Expenses   (0.7)  
Deferred Income Taxes   8.2  
Total Identifiable Net Assets   5.1  
Goodwill   (5.1)  
Altra Merger Agreement | Customer Relationships      
Business Acquisition [Line Items]      
Intangible Assets   1,710.0  
Altra Merger Agreement | Trademarks      
Business Acquisition [Line Items]      
Intangible Assets   330.0  
Altra Merger Agreement | Technology      
Business Acquisition [Line Items]      
Intangible Assets   $ 102.0