OTHER FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2026 and December 31, 2025:

	Current Contract Assets		Noncurrent Contract Assets		Current Contract Liabilities
Balance as of June 30, 2026	$	127.1	$	3.7	$	20.8
Balance as of December 31, 2025	83.5		—		34.5

Schedule of Disaggregation of Revenue

The following tables presents the Company’s revenues disaggregated by geographical region:

	Three Months Ended
June 30, 2026	Automation & Motion Control		Industrial Powertrain Solutions		Power Efficiency Solutions		Total
North America	$	340.6	$	440.4	$	300.4	$	1,081.4
Asia	22.9		48.7		61.0		132.6
Europe	96.5		129.0		36.6		262.1
Rest-of-World	17.7		51.3		13.3		82.3
Total	$	477.7	$	669.4	$	411.3	$	1,558.4

	Three Months Ended
June 30, 2025		Automation & Motion Control		Industrial Powertrain Solutions		Power Efficiency Solutions		Total
North America		$	270.8	$	432.2	$	344.3	$	1,047.3
Asia		30.8		44.5		42.6		117.9
Europe		89.0		123.4		36.0		248.4
Rest-of-World		20.5		49.7		12.3		82.5
Total		$	411.1	$	649.8	$	435.2	$	1,496.1

	Six Months Ended
June 30, 2026	Automation & Motion Control		Industrial Powertrain Solutions		Power Efficiency Solutions		Total
North America	$	655.3	$	868.3	$	578.6	$	2,102.2
Asia	43.4		90.9		111.7		246.0
Europe	199.6		257.5		70.5		527.6
Rest-of-World	36.5		101.0		24.2		161.7
Total	$	934.8	$	1,317.7	$	785.0	$	3,037.5

	Six Months Ended
June 30, 2025		Automation & Motion Control		Industrial Powertrain Solutions		Power Efficiency Solutions		Total
North America		$	531.7	$	847.1	$	670.8	$	2,049.6
Asia		54.3		78.3		80.3		212.9
Europe		182.4		246.3		69.8		498.5
Rest-of-World		39.0		90.8		23.4		153.2
Total		$	807.4	$	1,262.5	$	844.3	$	2,914.2

Schedule of Percentage Distribution between Major Classes of Inventory

The following table presents approximate percentage distribution between major classes of inventories:

	June 30, 2026	December 31, 2025
Raw Material and Work in Process	62.0%	63.4%
Finished Goods and Purchased Parts	38.0%	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 Years	June 30, 2026		December 31, 2025
Land and Improvements		$	128.3	$	130.6
Buildings and Improvements	3 - 50	431.0		434.8
Machinery and Equipment	3 - 15	1,338.0		1,314.8
Property, Plant and Equipment		1,897.3		1,880.2
Less: Accumulated Depreciation		(1,028.6)		(968.4)
Net Property, Plant and Equipment		$	868.7	$	911.8