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OTHER FINANCIAL INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Contract Assets and Contract Liabilities
The following table presents contract assets and contract liabilities as of March 31, 2026 and December 31, 2025:
Current Contract AssetsNoncurrent Contract AssetsCurrent Contract Liabilities
Balance as of March 31, 2026$120.1 $5.0 $22.2 
Balance as of December 31, 202583.5 — 34.5 
Schedule of Disaggregation of Revenue
The following tables presents the Company’s revenues disaggregated by geographical region:
Three Months Ended
March 31, 2026Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
North America$314.7 $427.9 $278.2 $1,020.8 
Asia20.5 42.2 50.7 113.4 
Europe103.1 128.5 33.9 265.5 
Rest-of-World18.8 49.6 11.0 79.4 
Total$457.1 $648.2 $373.8 $1,479.1 
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 
Schedule of Percentage Distribution between Major Classes of Inventory
The following table presents approximate percentage distribution between major classes of inventories:
March 31, 2026December 31, 2025
Raw Material and Work in Process62.3%63.4%
Finished Goods and Purchased Parts37.7%36.6%
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, 2026December 31, 2025
Land and Improvements$129.1 $130.6 
Buildings and Improvements
3 - 50
432.7 434.8 
Machinery and Equipment
3 - 15
1,318.1 1,314.8 
Property, Plant and Equipment1,879.9 1,880.2 
Less: Accumulated Depreciation(995.9)(968.4)
Net Property, Plant and Equipment$884.0 $911.8