Revenue (Tables)

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents details deemed most relevant to the users of the financial statements about total revenue for the three months ended March 31, 2023 and 2022:

	Three Months Ended						Three Months Ended
	March 31, 2023						March 31, 2022
	Engineered Bearings		Industrial Motion		Total		Engineered Bearings		Industrial Motion		Total
United States	$	340.9	$	194.3	$	535.2	$	289.8	$	198.8	$	488.6
Americas excluding the United States	92.2		27.9		120.1		92.4		20.8		113.2
Europe / Middle East / Africa	183.9		113.8		297.7		162.6		102.5		265.1
China	158.4		16.3		174.7		129.3		22.1		151.4
Asia-Pacific excluding China	125.3		9.8		135.1		98.3		8.0		106.3
Net sales	$	900.7	$	362.1	$	1,262.8	$	772.4	$	352.2	$	1,124.6

When reviewing revenue by sales channel, the Company separates net sales to original equipment manufacturers ("OEMs") from sales to distributors and end users. The following table presents the approximate percent of revenue by sales channel for the three months ended March 31, 2023 and 2022:

	Three Months Ended	Three Months Ended
Revenue by sales channel	March 31, 2023	March 31, 2022
Original equipment manufacturers	60%	60%
Distribution/end users	40%	40%

Schedule of Unbilled Receivables and Deferred Revenue

The following table contains a rollforward of unbilled receivables for the three months ended March 31, 2023 and the twelve months ended December 31, 2022:

	March 31, 2023		December 31, 2022
Beginning balance, January 1	$	103.9	$	104.5
Additional unbilled revenue recognized	96.3		396.2
Less: amounts billed to customers	(85.1)		(370.5)
Less: unbilled receivables reclassified to assets held for sale	—		(26.3)
Ending balance	$	115.1	$	103.9

The following table contains a rollforward of deferred revenue for the three months ended March 31, 2023 and the twelve months ended December 31, 2022:

	March 31, 2023		December 31, 2022
Beginning balance, January 1	$	54.3	$	35.8
Revenue (cash) received in advance	7.8		54.8
Less: revenue recognized	(16.3)		(36.3)
Ending balance	$	45.8	$	54.3