Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

The following information presents changes to goodwill during the periods indicated:

	Automation & Motion Control		Industrial Powertrain Solutions		Power Efficiency Solutions		Total
Balance as of December 31, 2023	$	2,052.2	$	3,747.0	$	753.9	$	6,553.1
Acquisitions	0.7		(5.8)		—		(5.1)
Translation and Other	(40.4)		(44.0)		(4.7)		(89.1)
Balance as of December 31, 2024	$	2,012.5	$	3,697.2	$	749.2	$	6,458.9
Translation and Other	66.2		78.2		8.0		152.4
Balance as of December 31, 2025	$	2,078.7	$	3,775.4	$	757.2	$	6,611.3
Cumulative Goodwill Impairment Charges	$	5.1	$	18.1	$	200.4	$	223.6

Intangible Assets

Intangible assets consist of the following:

		December 31, 2025						December 31, 2024
	Weighted Average Amortization Period (Years)	Gross Amount		Accumulated Amortization		Net Carrying Amount		Gross Amount		Accumulated Amortization		Net Carrying Amount
Customer Relationships	15	$	3,993.6	$	1,188.7	$	2,804.9	$	3,892.8	$	915.1	$	2,977.7
Technology	13	300.2		131.5		168.7		293.0		109.0		184.0
Trademarks	10	719.1		274.3		444.8		692.3		189.4		502.9
Total Intangibles		$	5,012.9	$	1,594.5	$	3,418.4	$	4,878.1	$	1,213.5	$	3,664.6

While the Company believes its customer relationships are long-term in nature, the Company's contractual customer relationships are generally short-term. Useful lives are established at acquisition based on historical attrition rates.

Amortization expense was $346.1 million in 2025, $346.5 million in 2024 and $307.8 million in 2023.

The following table presents estimated future amortization expense:

Year	Estimated Amortization
2026	$	342.2
2027	342.2
2028	336.6
2029	329.5
2030	327.4