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v3.25.3

SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Reportable Segments | The following sets forth certain financial information attributable to the Company's reportable segments for the three and nine months ended September 30, 2025 and September 30, 2024:
Segment Information |  |  |  |  |  |  |  |  |  |  |
| Three Months Ended
September 30, 2025 | Automation & Motion Control |  | Industrial Powertrain Solutions |  | Power Efficiency Solutions |  |  |  | Eliminations |  | Total
Total Sales | $ | 404.6 |  |  | $ | 665.8 |  |  | $ | 433.3 |  |  |  |  | $ | (6.7) |  |  | $ | 1,497.0 |
Intersegment Sales | 2.6 |  |  | 3.5 |  |  | 0.6 |  |  |  |  | (6.7) |  |  | — |
Net Sales(1) | 402.0 |  |  | 662.3 |  |  | 432.7 |  |  |  |  | — |  |  | 1,497.0 |
Adjusted Cost of Sales(2) | 258.6 |  |  | 388.3 |  |  | 300.5 |  |  |  |  |  |  | 947.4 |
Adjusted Engineering, Selling and Administration Expenses(3) | 93.2 |  |  | 136.0 |  |  | 67.1 |  |  |  |  |  |  | 296.3 |
Other Segment Items(4) | 27.5 |  |  | 51.9 |  |  | (0.5) |  |  |  |  |  |  | 78.9 |
Income from Operations | 22.7 |  |  | 86.1 |  |  | 65.6 |  |  |  |  |  |  | 174.4 |
Interest Expense |  |  |  |  |  |  |  |  |  |  | 87.0 |
Interest Income |  |  |  |  |  |  |  |  |  |  | (5.3) |
Other Expense, Net |  |  |  |  |  |  |  |  |  |  | 0.8 |
Income before Taxes |  |  |  |  |  |  |  |  |  |  | 91.9 |
Other Supplemental Disclosures |  |  |  |  |  |  |  |  |  |  |
Amortization | 34.6 |  |  | 51.1 |  |  | 1.6 |  |  |  |  |  |  | 87.3 |
Depreciation | 14.8 |  |  | 17.9 |  |  | 9.2 |  |  |  |  |  |  | 41.9 |
Capital Expenditures | 7.4 |  |  | 10.0 |  |  | 6.1 |  |  |  |  |  |  | 23.5 |
Segment Information |  |  |  |  |  |  |  |  |  |  |
| Three Months Ended
September 30, 2024 | Automation & Motion Control |  | Industrial Powertrain Solutions |  | Power Efficiency Solutions |  | Industrial Systems |  | Eliminations |  | Total
Total Sales | $ | 406.2 |  |  | $ | 646.2 |  |  | $ | 432.1 |  |  | $ | — |  |  | $ | (7.1) |  |  | $ | 1,477.4 |
Intersegment Sales | 4.6 |  |  | 2.0 |  |  | 0.5 |  |  | — |  |  | (7.1) |  |  | — |
Net Sales(1) | 401.6 |  |  | 644.2 |  |  | 431.6 |  |  | — |  |  | — |  |  | 1,477.4 |
Adjusted Cost of Sales(2) | 252.1 |  |  | 377.3 |  |  | 299.8 |  |  | 0.2 |  |  |  |  | 929.4 |
Adjusted Engineering, Selling and Administration Expenses(3) | 89.6 |  |  | 123.7 |  |  | 69.9 |  |  | 1.0 |  |  |  |  | 284.2 |
Other Segment Items(4) | 28.9 |  |  | 58.7 |  |  | 3.3 |  |  | (1.2) |  |  |  |  | 89.7 |
Income from Operations | 31.0 |  |  | 84.5 |  |  | 58.6 |  |  | — |  |  |  |  | 174.1 |
Interest Expense |  |  |  |  |  |  |  |  |  |  | 98.0 |
Interest Income |  |  |  |  |  |  |  |  |  |  | (5.1) |
Other Income, Net |  |  |  |  |  |  |  |  |  |  | (0.2) |
Income before Taxes |  |  |  |  |  |  |  |  |  |  | 81.4 |
Other Supplemental Disclosures |  |  |  |  |  |  |  |  |  |  |
Amortization | 33.9 |  |  | 50.9 |  |  | 2.0 |  |  | — |  |  |  |  | 86.8 |
Depreciation | 12.3 |  |  | 18.9 |  |  | 9.4 |  |  | — |  |  |  |  | 40.6 |
Capital Expenditures | 7.6 |  |  | 13.7 |  |  | 8.0 |  |  | — |  |  |  |  | 29.3 |
Segment Information |  |  |  |  |  |  |  |  |  |  |
| Nine Months Ended
September 30, 2025 | Automation & Motion Control |  | Industrial Powertrain Solutions |  | Power Efficiency Solutions |  | Industrial Systems |  | Eliminations |  | Total
Total Sales | $ | 1,218.9 |  |  | $ | 1,935.8 |  |  | $ | 1,278.1 |  |  | $ | — |  |  | $ | (21.6) |  |  | $ | 4,411.2 |
Intersegment Sales | 9.5 |  |  | 11.0 |  |  | 1.1 |  |  | — |  |  | (21.6) |  |  | — |
Net Sales(1) | 1,209.4 |  |  | 1,924.8 |  |  | 1,277.0 |  |  | — |  |  | — |  |  | 4,411.2 |
Adjusted Cost of Sales(2) | 766.8 |  |  | 1,112.4 |  |  | 901.8 |  |  | — |  |  |  |  | 2,781.0 |
Adjusted Engineering, Selling and Administration Expenses(3) | 273.7 |  |  | 390.5 |  |  | 202.0 |  |  | — |  |  |  |  | 866.2 |
Other Segment Items(4) | 80.7 |  | 161.7 |  | 5.3 |  | — |  |  |  |  | 247.7 |
Income from Operations | 88.2 |  |  | 260.2 |  |  | 167.9 |  |  | — |  |  |  |  | 516.3 |
Interest Expense |  |  |  |  |  |  |  |  |  |  | 262.5 |
Interest Income |  |  |  |  |  |  |  |  |  |  | (14.6) |
Other Expense, Net |  |  |  |  |  |  |  |  |  |  | 2.4 |
Income before Taxes |  |  |  |  |  |  |  |  |  |  | 266.0 |
Other Supplemental Disclosures |  |  |  |  |  |  |  |  |  |  |
Amortization | 103.0 |  |  | 151.6 |  |  | 4.9 |  |  | — |  |  |  |  | 259.5 |
Depreciation | 37.4 |  |  | 53.2 |  |  | 26.9 |  |  | — |  |  |  |  | 117.5 |
Capital Expenditures | 23.7 |  |  | 32.3 |  |  | 14.5 |  |  | — |  |  |  |  | 70.5 |
Segment Information |  |  |  |  |  |  |  |  |  |  |
| Nine Months Ended
September 30, 2024 | Automation & Motion Control |  | Industrial Powertrain Solutions |  | Power Efficiency Solutions |  | Industrial Systems |  | Eliminations |  | Total
Total Sales | $ | 1,237.5 |  |  | $ | 1,969.8 |  |  | $ | 1,234.0 |  |  | $ | 158.3 |  |  | $ | (26.9) |  |  | $ | 4,572.7 |
Intersegment Sales | 13.5 |  |  | 6.7 |  |  | 6.2 |  |  | 0.5 |  |  | (26.9) |  |  | — |
Net Sales(1) | 1,224.0 |  |  | 1,963.1 |  |  | 1,227.8 |  |  | 157.8 |  |  | — |  |  | 4,572.7 |
Adjusted Cost of Sales(2) | 762.1 |  |  | 1,165.6 |  |  | 874.6 |  |  | 120.1 |  |  |  |  | 2,922.4 |
Adjusted Engineering, Selling and Administration Expenses(3) | 261.6 |  |  | 370.6 |  |  | 208.5 |  |  | 30.2 |  |  |  |  | 870.9 |
Other Segment Items(4) | 87.3 |  |  | 170.5 |  |  | 12.5 |  |  | 7.2 |  |  |  |  | 277.5 |
Income from Operations | 113.0 |  |  | 256.4 |  |  | 132.2 |  |  | 0.3 |  |  |  |  | 501.9 |
Interest Expense |  |  |  |  |  |  |  |  |  |  | 305.1 |
Interest Income |  |  |  |  |  |  |  |  |  |  | (13.2) |
Other Expense, Net |  |  |  |  |  |  |  |  |  |  | 0.4 |
Income before Taxes |  |  |  |  |  |  |  |  |  |  | 209.6 |
Other Supplemental Disclosures |  |  |  |  |  |  |  |  |  |  |
Amortization | 102.5 |  |  | 151.1 |  |  | 6.2 |  |  | 0.2 |  |  |  |  | 260.0 |
Depreciation | 35.2 |  |  | 59.6 |  |  | 27.4 |  |  | 0.4 |  |  |  |  | 122.6 |
Capital Expenditures | 20.0 |  |  | 36.8 |  |  | 19.1 |  |  | 4.3 |  |  |  |  | 80.2 |
Other significant noncash items: |  |  |  |  |  |  |  |  |  |  |
Loss on Sale of Businesses | — |  |  | — |  |  | — |  |  | 4.3 |  |  |  |  | 4.3 |
(1) Represents revenues from external customers. (2) Adjusted Cost of Sales includes costs associated with producing goods for sale, such as materials, labor and overhead costs, and intercompany cost of sales. Adjusted Cost of Sales differs from Cost of Sales reported under US GAAP primarily because it includes intercompany cost of sales and excludes certain costs, primarily restructuring and related expenses. The difference is included in Other Segment Items. (3) Adjusted Engineering, Selling and Administration Expenses includes operating expenses such as engineering, selling and administration expenses, as well as hedging, foreign currency gains and losses and certain overhead expenses. Adjusted Engineering, Selling and Administration Expenses differs from Operating Expenses reported under US GAAP primarily because it excludes costs such as significant noncash items, restructuring and related costs, and transaction and integration related costs. The difference is included in Other Segment Items. (4) Other Segment Items includes other significant noncash items, intangible amortization, as well as restructuring and related costs, transaction and integration related costs, certain overhead expenses and the elimination of intercompany cost of sales. The following table presents identifiable assets information attributable to the Company's operating segments as of September 30, 2025 and December 31, 2024:
|  | Automation & Motion Control |  | Industrial Powertrain Solutions |  | Power Efficiency Solutions |  |  |  | Total
Identifiable Assets as of September 30, 2025 |  | $ | 4,516.8 |  |  | $ | 7,487.2 |  |  | $ | 1,870.1 |  |  |  |  | $ | 13,874.1 |
Identifiable Assets as of December 31, 2024 |  | 4,642.4 |  |  | 7,528.8 |  |  | 1,862.5 |  |  |  |  | 14,033.7 |

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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 + Details
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