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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Reportable Business Segments

Sales			Three months ended June 30, 2024						Three months ended June 30, 2023						Six months ended June 30, 2024						Six months ended June 30, 2023
Americas			$	1,126.9					$	968.3					$	2,060.2					$	1,840.3
Asia Pacific			448.3						412.8						808.5						749.0
Europe, Middle East & Africa			561.2						439.9						1,032.7						812.6
			2,136.4						1,821.0						3,901.4						3,401.9
Eliminations			(183.6)						(86.9)						(309.5)						(146.7)
Total			$	1,952.8					$	1,734.1					$	3,591.9					$	3,255.2

Intersegment sales (1)			Three months ended June 30, 2024						Three months ended June 30, 2023						Six months ended June 30, 2024						Six months ended June 30, 2023
Americas			$	5.8					$	8.9					$	14.1					$	18.6
Asia Pacific			39.2						17.0						67.1						40.2
Europe, Middle East & Africa (2)			138.6						61.0						228.3						87.9
Total			$	183.6					$	86.9					$	309.5					$	146.7

(1)Intersegment selling prices approximate market prices.

(2)Intersegment sales in Europe, Middle East & Africa increased during the three and six months ended June 30, 2024 primarily as a result of higher sales volumes in the Busway and Switchgear product lines.

Operating profit (loss)			Three months ended June 30, 2024						Three months ended June 30, 2023						Six months ended June 30, 2024						Six months ended June 30, 2023
Americas			$	285.1					$	191.7					$	472.9					$	337.5
Asia Pacific			32.3						38.2						62.7						54.8
Europe, Middle East & Africa			109.5						79.9						179.8						126.0
Total reportable segments			426.9						309.8						715.4						518.3
Foreign currency gain (loss)			(0.2)						(7.5)						(3.4)						(10.6)
Corporate and other			(44.9)						(51.1)						(81.6)						(81.0)
Total corporate, other and eliminations			(45.1)						(58.6)						(85.0)						(91.6)
Amortization of intangibles			(45.8)						(45.4)						(91.8)						(90.6)
Operating profit (loss)			$	336.0					$	205.8					$	538.6					$	336.1

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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