SEGMENT INFORMATION (Details) $ in Millions		3 Months Ended		9 Months Ended
	May 01, 2024 segment	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment	3
Total Sales		$ 1,477.4	$ 1,649.8	$ 4,572.7	$ 4,642.5
Gross Profit		556.3	542.2	1,680.4	1,504.1
Operating Expenses		382.2	388.9	1,172.7	1,127.9
Goodwill Impairment		0.0	57.3	0.0	57.3
Asset Impairments		0.0	3.7	1.5	6.1
Loss on Sale of Businesses		0.0	112.7	4.3	112.7
Total Operating Expenses		382.2	562.6	1,178.5	1,304.0
Income from Operations		174.1	(20.4)	501.9	200.1
Depreciation and Amortization		127.4	140.9	382.6	354.4
Capital Expenditures		29.3	25.2	80.2	88.7
Assets		14,559.0		14,559.0		$ 15,431.4
Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales		644.2	640.7	1,963.1	1,753.8
Assets		7,726.3		7,726.3		8,009.4
Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales		431.6	461.3	1,227.8	1,390.9
Assets		1,995.7		1,995.7		2,036.4
Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales		401.6	419.8	1,224.0	1,096.1
Assets		4,837.0		4,837.0		4,909.2
Industrial Systems
Segment Reporting Information [Line Items]
Total Sales		0.0	128.0	157.8	401.7
Assets		0.0		0.0		$ 476.4
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total Sales		7.1	11.5	26.9	39.6
Intersegment Eliminations | Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales		(2.0)	(3.6)	(6.7)	(11.5)
Intersegment Eliminations | Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales		(0.5)	(3.1)	(6.2)	(10.8)
Intersegment Eliminations | Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales		(4.6)	(4.2)	(13.5)	(15.3)
Intersegment Eliminations | Industrial Systems
Segment Reporting Information [Line Items]
Total Sales		0.0	(0.6)	(0.5)	(2.0)
Operating Segments | Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales		646.2	644.3	1,969.8	1,765.3
Gross Profit		268.0	215.8	803.3	617.6
Operating Expenses		183.5	175.1	546.7	510.5
Goodwill Impairment			0.0		0.0
Asset Impairments			1.3	0.2	1.6
Loss on Sale of Businesses			0.0	0.0	0.0
Total Operating Expenses			176.4	546.9	512.1
Income from Operations		84.5	39.4	256.4	105.5
Depreciation and Amortization		69.8	75.9	210.7	191.9
Capital Expenditures		13.7	5.8	36.8	30.9
Operating Segments | Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales		432.1	464.4	1,234.0	1,401.7
Gross Profit		131.8	138.0	352.3	389.5
Operating Expenses		73.2	71.5	219.9	217.8
Goodwill Impairment			0.0		0.0
Asset Impairments			1.5	0.2	1.5
Loss on Sale of Businesses			0.0	0.0	0.0
Total Operating Expenses			73.0	220.1	219.3
Income from Operations		58.6	65.0	132.2	170.2
Depreciation and Amortization		11.4	15.8	33.6	39.3
Capital Expenditures		8.0	8.1	19.1	25.2
Operating Segments | Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales		406.2	424.0	1,237.5	1,111.4
Gross Profit		156.5	161.2	485.6	412.8
Operating Expenses		125.5	117.6	371.5	323.7
Goodwill Impairment			0.0		0.0
Asset Impairments			0.5	1.1	2.6
Loss on Sale of Businesses			0.0	0.0	0.0
Total Operating Expenses			118.1	372.6	326.3
Income from Operations		31.0	43.1	113.0	86.5
Depreciation and Amortization		46.2	46.1	137.7	113.4
Capital Expenditures		7.6	9.8	20.0	27.2
Operating Segments | Industrial Systems
Segment Reporting Information [Line Items]
Total Sales		0.0	128.6	158.3	403.7
Gross Profit		0.0	27.2	39.2	84.2
Operating Expenses		0.0	24.7	34.6	75.9
Goodwill Impairment			57.3		57.3
Asset Impairments			0.4	0.0	0.4
Loss on Sale of Businesses			112.7	4.3	112.7
Total Operating Expenses			195.1	38.9	246.3
Income from Operations		0.0	(167.9)	0.3	(162.1)
Depreciation and Amortization		0.0	3.1	0.6	9.8
Capital Expenditures		$ 0.0	$ 1.5	$ 4.3	$ 5.4