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OTHER FINANCIAL INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Disaggregation of Revenue
The following tables presents the Company’s revenues disaggregated by geographical region:
Three Months Ended
March 31, 2025Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
North America$260.9 $414.9 $326.5 $1,002.3 
Asia23.5 33.8 37.7 95.0 
Europe93.4 122.9 33.8 250.1 
Rest-of-World18.5 41.1 11.1 70.7 
Total$396.3 $612.7 $409.1 $1,418.1 
Three Months Ended
March 31, 2024Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsTotal
North America$263.2 $406.9 $296.9 $58.8 $1,025.8 
Asia21.1 35.7 37.8 34.0 128.6 
Europe95.8 150.0 34.6 13.4 293.8 
Rest-of-World20.1 50.8 16.0 12.6 99.5 
Total$400.2 $643.4 $385.3 $118.8 $1,547.7 
Schedule of Percentage Distribution between Major Classes of Inventory
The following table presents approximate percentage distribution between major classes of inventories:
March 31, 2025December 31, 2024
Raw Material and Work in Process66.7%67.8%
Finished Goods and Purchased Parts33.3%32.2%
Schedule of Property, Plant, and Equipment by Major Classification
The following table presents property, plant, and equipment by major classification:
Useful Life in YearsMarch 31, 2025December 31, 2024
Land and Improvements$130.4 $134.5 
Buildings and Improvements
3 - 50
393.0 387.2 
Machinery and Equipment
3 - 15
1,205.7 1,189.8 
Property, Plant and Equipment1,729.1 1,711.5 
Less: Accumulated Depreciation(824.6)(790.5)
Net Property, Plant and Equipment$904.5 $921.0 
Schedule of Supplier Finance Program The following information presents changes to the Company's outstanding obligations under the supplier finance program, which are classified within Accounts Payable, during the three months ended March 31, 2025:
Balance as of December 31, 2024$41.0 
Plus: Obligations Added38.3 
Less: Obligations Settled37.3 
Balance as of March 31, 2025$42.0