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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of Segment Information | The following tables set forth financial information by reporting segment (in millions). When reading the data, the following items should be noted: •Segment Net sales comprise sales to unaffiliated customers - inter-segment and inter-area sales are not significant and are eliminated in consolidation. •Segment operating income consists of Net sales less operating expenses, including total corporate expenses, which are generally allocated to each segment on the basis of the segment's percentage of consolidated Net sales. Interest expense and investment income and other expense, net have not been allocated to segments as these items are centrally managed by the Company. •General corporate assets not allocated to segments are principally cash, prepaid pensions, investments and deferred taxes. These assets have not been allocated as they are centrally managed by the Company.
| Three Months Ended June 30, | Six Months Ended June 30,
| 2026 | 2025 | 2026 | 2025
Net Sales: |  |  |  |
Utility Solutions | $ | 1,025.8 |  | $ | 935.5 |  | $ | 1,974.7 |  | $ | 1,792.6 |
Electrical Solutions | 686.0 |  | 548.8 |  | 1,253.8 |  | 1,056.9 |
TOTAL NET SALES | $ | 1,711.8 |  | $ | 1,484.3 |  | $ | 3,228.5 |  | $ | 2,849.5 |
Cost of Goods Sold: |  |  |  |
Utility Solutions | $ | 654.8 |  | $ | 597.6 |  | $ | 1,286.6 |  | $ | 1,183.0 |
Electrical Solutions | 444.0 |  | 334.6 |  | 823.6 |  | 671.8 |
Total Cost of Goods Sold | $ | 1,098.8 |  | $ | 932.2 |  | $ | 2,110.2 |  | $ | 1,854.8 |
Gross Profit: |  |  |  |
Utility Solutions | $ | 371.0 |  | $ | 337.9 |  | $ | 688.1 |  | $ | 609.6 |
Electrical Solutions | 242.0 |  | 214.2 |  | 430.2 |  | 385.1 |
Total Gross Profit | $ | 613.0 |  | $ | 552.1 |  | $ | 1,118.3 |  | $ | 994.7 |
Selling and Administrative Expenses: |  |  |  |
Utility Solutions | $ | 137.1 |  | $ | 119.7 |  | $ | 279.1 |  | $ | 240.6 |
Electrical Solutions | 127.3 |  | 96.1 |  | 226.8 |  | 187.4 |
Total Selling and Administrative Expenses | $ | 264.4 |  | $ | 215.8 |  | $ | 505.9 |  | $ | 428.0 |
Operating Income: |  |  |  |
Utility Solutions | $ | 233.9 |  | $ | 218.2 |  | $ | 409.0 |  | $ | 369.0 |
Electrical Solutions | 114.7 |  | 118.1 |  | 203.4 |  | 197.7 |
Total Operating Income | $ | 348.6 |  | $ | 336.3 |  | $ | 612.4 |  | $ | 566.7 |
Loss on disposition of business | — |  | (0.4) |  | — |  | (0.4) |
Interest expense, net | (39.1) |  | (14.5) |  | (61.1) |  | (28.3) |
Other (expense) income, net | (5.8) |  | (6.2) |  | (11.2) |  | (11.5) |
INCOME BEFORE INCOME TAXES | $ | 303.7 |  | $ | 315.2 |  | $ | 540.1 |  | $ | 526.5 |
Operating Income as a % of Net Sales |  |  |  |
Utility Solutions | 22.8 | % | 23.3 | % | 20.7 | % | 20.6 | %
Electrical Solutions | 16.7 | % | 21.5 | % | 16.2 | % | 18.7 | %
Total Operating Income as a % of Net Sales | 20.4 | % | 22.7 | % | 19.0 | % | 19.9 | %
| Three Months Ended June 30, | Six Months Ended June 30,
| 2026 | 2025 | 2026 | 2025
Capital Expenditures: |  |  |  |
Utility Solutions | $ | 20.6 |  | $ | 24.6 |  | $ | 46.6 |  | $ | 35.9 |
Electrical Solutions | 16.4 |  | 15.3 |  | 31.0 |  | 30.0 |
TOTAL CAPITAL EXPENDITURES | $ | 37.0 |  | $ | 39.9 |  | $ | 77.6 |  | $ | 65.9 |
Depreciation and Amortization: |  |  |  |
Utility Solutions | $ | 44.1 |  | $ | 34.4 |  | $ | 90.0 |  | $ | 68.2 |
Electrical Solutions | 23.5 |  | 13.9 |  | 37.8 |  | 27.0 |
TOTAL DEPRECIATION AND AMORTIZATION | $ | 67.6 |  | $ | 48.3 |  | $ | 127.8 |  | $ | 95.2 |
| June 30, 2026 | December 31, 2025
Assets: |  |
Utility Solutions | $ | 5,659.9 |  | $ | 5,603.8 |
Electrical Solutions | 5,860.8 |  | 2,238.8 |
General Corporate | 325.5 |  | 386.2 |
TOTAL ASSETS | $ | 11,846.2 |  | $ | 8,228.8 |

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- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
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