RESTRUCTURING ACTIVITIES - Schedule of Reconciliation of Expenses by Type (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 12.9	$ 14.6	$ 31.9	$ 33.6
Total restructuring and restructuring-related costs	12.9	14.6	31.9	33.6
Industrial Powertrain Solutions
Restructuring Cost and Reserve [Line Items]
Total restructuring and restructuring-related costs	5.3	5.9	10.4	7.5
Power Efficiency Solutions
Restructuring Cost and Reserve [Line Items]
Total restructuring and restructuring-related costs	1.8	7.5	11.4	22.7
Automation & Motion Control
Restructuring Cost and Reserve [Line Items]
Total restructuring and restructuring-related costs	5.8	1.2	9.1	2.7
Industrial Systems
Restructuring Cost and Reserve [Line Items]
Total restructuring and restructuring-related costs	0.0	0.0	1.0	0.7
Employee Termination Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	10.1	2.4	19.1	15.0
Facility Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	2.1	9.5	5.4	12.7
Other Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.7	2.7	7.4	5.9
Cost of Sales
Restructuring Cost and Reserve [Line Items]
Restructuring costs	5.3	12.6	19.3	28.4
Cost of Sales | Employee Termination Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	3.1	0.4	8.9	10.1
Cost of Sales | Facility Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	2.0	9.4	4.9	12.4
Cost of Sales | Other Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.2	2.8	5.5	5.9
Operating Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	7.6	2.0	12.6	5.2
Operating Expenses | Employee Termination Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	7.0	2.0	10.2	4.9
Operating Expenses | Facility Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.1	0.1	0.5	0.3
Operating Expenses | Other Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 0.5	$ (0.1)	$ 1.9	$ 0.0