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Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents the Company’s revenues disaggregated by geographical region for the years ended December 31, 2025, December 31, 2024 and December 31, 2023, respectively:
December 31, 2025Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
North America$1,127.4 $1,736.9 $1,295.8 $4,160.1 
Asia109.4 165.6 167.7 442.7 
Europe372.6 495.8 134.6 1,003.0 
Rest-of-World80.4 195.8 52.5 328.7 
Total$1,689.8 $2,594.1 $1,650.6 $5,934.5 
December 31, 2024Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsTotal
North America$1,088.8 $1,734.9 $1,276.5 $79.4 $4,179.6 
Asia91.5 172.7 167.7 44.3 476.2 
Europe372.7 482.0 133.9 17.6 1,006.2 
Rest-of-World80.8 208.5 66.0 16.5 371.8 
Total$1,633.8 $2,598.1 $1,644.1 $157.8 $6,033.8 
December 31, 2023Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsTotal
North America$1,006.3 $1,636.1 $1,419.2 $274.6 $4,336.2 
Asia76.1 168.9 178.7 146.6 570.3 
Europe342.6 420.5 149.7 55.8 968.6 
Rest-of-World91.8 178.0 61.3 44.5 375.6 
Total$1,516.8 $2,403.5 $1,808.9 $521.5 $6,250.7 
Schedule of Research and Development Costs are Expense The costs are primarily recorded in Operating Expenses and were as follows for the years noted in the table below:
December 31, 2025December 31, 2024December 31, 2023
Research, Development and Engineering Costs$198.7 $176.4 $171.0 
Schedule of Percentage Distribution Between Major Classes of Inventory
The following table presents approximate percentage distribution between major classes of inventories:
December 31, 2025December 31, 2024
Raw Material and Work in Process63.4%67.8%
Finished Goods and Purchased Parts36.6%32.2%
Schedule of Property, Plant and Equipment
Property, plant and equipment by major classification was as follows:
Useful Life (In Years)December 31, 2025December 31, 2024
Land and Improvements$130.6 $134.5 
Buildings and Improvements
3-50
434.8 387.2 
Machinery, Equipment and Other
3-15
1,314.8 1,189.8 
  Property, Plant and Equipment1,880.2 1,711.5 
Less: Accumulated Depreciation(968.4)(790.5)
  Net Property, Plant and Equipment$911.8 $921.0 
Schedule of Earnings (Loss) Per Share The following table reconciles the basic and diluted shares used in earnings (loss) per share calculations for the years ended:
202520242023
Denominator for Basic Earnings Per Share66.3 66.4 66.3 
Effect of Dilutive Securities(1)
0.3 0.3 — 
Denominator for Diluted Earnings Per Share66.6 66.7 66.3 
(1) 2023 excludes 0.4 million of share based compensation awards as the Company had a net loss during the year.
Schedule of Accumulated Other Comprehensive Income (Loss) The following table presents changes in AOCI by component:
Year Ended
December 31, 2025Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$(5.5)$(21.5)$(415.7)$(442.7)
Other Comprehensive Income (Loss) before Reclassifications28.9 1.3 344.9 375.1 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)(0.2)(0.7)— (0.9)
Tax Impact(6.9)— — (6.9)
Net Current Period Other Comprehensive Income
21.8 0.6 344.9 367.3 
Ending Balance16.3(20.9)(70.8)(75.4)
December 30, 2024Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$28.8 $(25.0)$(286.2)$(282.4)
Other Comprehensive Income (Loss) before Reclassifications(18.6)4.9 (250.8)(264.5)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)(26.6)(0.3)121.3 94.4 
Tax Impact10.9 (1.1)— 9.8 
Net Current Period Other Comprehensive Income (Loss)(34.3)3.5 (129.5)(160.3)
Ending Balance(5.5)(21.5)(415.7)(442.7)
December 30, 2023Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$17.3 $(13.3)$(356.1)$(352.1)
Other Comprehensive Income (Loss) before Reclassifications28.2 (13.7)69.9 84.4 
Amounts Reclassified from Accumulated Other Comprehensive Loss
(13.0)(1.7)— (14.7)
Tax Impact(3.7)3.7 — — 
Net Current Period Other Comprehensive Income (Loss)11.5 (11.7)69.9 69.7 
Ending Balance28.8 (25.0)(286.2)(282.4)
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 year ended December 31, 2025:
Balance as of December 31, 2024$41.0 
Plus: Obligations Added173.0 
Less: Obligations Settled172.0 
Balance as of December 31, 2025$42.0