Revenue (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2023 and 2022:

	Three Months Ended						Three Months Ended
	June 30, 2023						June 30, 2022
	Engineered Bearings		Industrial Motion		Total		Engineered Bearings		Industrial Motion		Total
United States	$	317.6	$	218.8	$	536.4	$	302.0	$	197.7	$	499.7
Americas excluding the United States	96.0		27.9		123.9		104.6		24.3		128.9
Europe / Middle East / Africa	175.6		136.6		312.2		155.7		104.0		259.7
China	156.5		22.9		179.4		133.3		21.7		155.0
Asia-Pacific excluding China	111.5		8.9		120.4		102.7		7.7		110.4
Net sales	$	857.2	$	415.1	$	1,272.3	$	798.3	$	355.4	$	1,153.7
	Six Months Ended						Six Months Ended
	June 30, 2023						June 30, 2022
	Engineered Bearings		Industrial Motion		Total		Engineered Bearings		Industrial Motion		Total
United States	$	658.5	$	413.1	$	1,071.6	$	591.8	$	396.5	$	988.3
Americas excluding the United States	188.2		55.8		244.0		197.0		45.1		242.1
Europe / Middle East / Africa	359.5		250.4		609.9		318.3		206.5		524.8
China	314.9		39.2		354.1		262.6		43.8		306.4
Asia-Pacific excluding China	236.8		18.7		255.5		201.0		15.7		216.7
Net sales	$	1,757.9	$	777.2	$	2,535.1	$	1,570.7	$	707.6	$	2,278.3

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 six months ended June 30, 2023 and 2022:

	Six Months Ended	Six Months Ended
Revenue by sales channel	June 30, 2023	June 30, 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 six months ended June 30, 2023 and the twelve months ended December 31, 2022:

	June 30, 2023		December 31, 2022
Beginning balance, January 1	$	103.9	$	104.5
Additional unbilled revenue recognized	207.6		396.2
Less: amounts billed to customers	(189.7)		(370.5)
Less: unbilled receivables reclassified to assets held for sale	—		(26.3)
Ending balance	$	121.8	$	103.9

The following table contains a rollforward of deferred revenue for the six months ended June 30, 2023 and the twelve months ended December 31, 2022:

	June 30, 2023		December 31, 2022
Beginning balance, January 1	$	54.3	$	35.8
Revenue (cash) received in advance	105.7		54.8
Less: revenue recognized	(104.6)		(36.3)
Ending balance	$	55.4	$	54.3