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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill As required, the Company performs an annual impairment test of goodwill as of the end of October, or more frequently if events or circumstances change that would more likely than not reduce the fair value of its reporting units below their carrying value. The following table presents changes to goodwill during the three months ended March 31, 2026:
|  | Automation & Motion Control |  | Industrial Powertrain Solutions |  | Power Efficiency Solutions |  | Total
Balance as of December 31, 2025 |  | $ | 2,078.7 |  |  | $ | 3,775.4 |  |  | $ | 757.2 |  |  | $ | 6,611.3 |
Translation Adjustments |  | (18.1) |  |  | (14.7) |  |  | (1.3) |  |  | (34.1) |
Balance as of March 31, 2026 |  | $ | 2,060.6 |  |  | $ | 3,760.7 |  |  | $ | 755.9 |  |  | $ | 6,577.2 |
Cumulative Goodwill Impairment Charges |  | $ | 5.1 |  |  | $ | 18.1 |  |  | $ | 200.4 |  |  | $ | 223.6 |
Intangible Assets Intangible assets consist of the following:
|  |  | March 31, 2026 |  | December 31, 2025
| Weighted Average Amortization Period (Years) |  | Gross Value |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Value |  | Accumulated Amortization |  | Net Carrying Amount
Customer Relationships | 15 |  | $ | 3,969.4 |  |  | $ | 1,244.1 |  |  | $ | 2,725.3 |  |  | $ | 3,993.6 |  |  | $ | 1,188.7 |  |  | $ | 2,804.9 |
Technology | 13 |  | 298.7 |  |  | 136.2 |  |  | 162.5 |  |  | 300.2 |  |  | 131.5 |  |  | 168.7 |
Trademarks | 10 |  | 713.8 |  |  | 291.9 |  |  | 421.9 |  |  | 719.1 |  |  | 274.3 |  |  | 444.8 |
Total Intangibles |  |  | $ | 4,981.9 |  |  | $ | 1,672.2 |  |  | $ | 3,309.7 |  |  | $ | 5,012.9 |  |  | $ | 1,594.5 |  |  | $ | 3,418.4 |
Amortization expense recorded for the three months ended March 31, 2026 and March 31, 2025 was $86.6 million and $85.4 million, respectively.

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- Definition The entire disclosure for intangible asset and goodwill. Includes, but is not limited to, finite- and indefinite-lived intangible assets, capitalized cost for internal-use software and software to be sold, leased, or marketed. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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