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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Schedule of Financial Information Attributable to the Reporting Segments | The following sets forth certain financial information attributable to the Company's reportable segments for the three months ended March 31, 2026 and March 31, 2025:
|  | Three Months Ended
March 31, 2026 |  | Automation & Motion Control |  | Industrial Powertrain Solutions |  | Power Efficiency Solutions |  |  |  | Eliminations |  | Total
Total Sales |  | $ | 461.0 |  |  | $ | 654.5 |  |  | $ | 374.2 |  |  |  |  | $ | (10.6) |  |  | $ | 1,479.1 |
Intersegment Sales |  | 3.9 |  | 6.3 |  | 0.4 |  |  |  | (10.6) |  |  | — |
Net Sales (1) |  | 457.1 |  | 648.2 |  | 373.8 |  |  |  | — |  |  | 1,479.1 |
Adjusted Cost of Sales (2) |  | 300.4 |  | 377.0 |  | 257.0 |  |  |  | — |  |  | 934.4 |
Adjusted Engineering, Selling and Administration Expenses (3) |  | 92.4 |  | 136.1 |  | 66.7 |  |  |  | — |  |  | 295.2 |
Other Segment Items (4) |  | 32.7 |  | 55.9 |  | 8.2 |  |  |  | — |  |  | 96.8 |
Income from Operations |  | 31.6 |  |  | 79.2 |  |  | 41.9 |  |  |  |  | — |  |  | 152.7 |
Interest Expense |  |  |  |  |  |  |  |  |  |  |  | 80.5 |
Interest Income |  |  |  |  |  |  |  |  |  |  |  | (4.6) |
Other Expense, Net |  |  |  |  |  |  |  |  |  |  |  | 0.3 |
Income before Taxes |  |  |  |  |  |  |  |  |  |  |  | 76.5 |
Other Supplemental Disclosures |  |  |  |  |  |  |  |  |  |  |  |
Amortization |  | 34.7 |  | 51.3 |  | 0.6 |  |  |  | — |  |  | 86.6
Depreciation |  | 11.5 |  | 16.9 |  | 8.9 |  |  |  | — |  |  | 37.3
Capital Expenditures |  | 6.7 |  | 5.2 |  | 5.5 |  |  |  | — |  |  | 17.4
|  | Three Months Ended
March 31, 2025 |  | Automation & Motion Control |  | Industrial Powertrain Solutions |  | Power Efficiency Solutions |  |  |  | Eliminations |  | Total
Total Sales |  | $ | 399.7 |  |  | $ | 616.2 |  |  | $ | 409.4 |  |  |  |  | $ | (7.2) |  |  | $ | 1,418.1 |
Intersegment Sales |  | 3.4 |  |  | 3.5 |  |  | 0.3 |  |  |  |  | (7.2) |  |  | — |
Net Sales (1) |  | 396.3 |  |  | 612.7 |  |  | 409.1 |  |  |  |  | — |  |  | 1,418.1 |
Adjusted Cost of Sales (2) |  | 245.8 |  |  | 352.6 |  |  | 297.1 |  |  |  |  | — |  |  | 895.5 |
Adjusted Engineering, Selling and Administration Expenses (3) |  | 88.8 |  |  | 125.5 |  |  | 67.2 |  |  |  |  | — |  |  | 281.5 |
Other Segment Items (4) |  | 26.6 |  |  | 52.9 |  |  | 1.9 |  |  |  |  | — |  |  | 81.4 |
Income from Operations |  | 35.1 |  |  | 81.7 |  |  | 42.9 |  |  |  |  | — |  |  | 159.7 |
Interest Expense |  |  |  |  |  |  |  |  |  |  |  | 90.2 |
Interest Income |  |  |  |  |  |  |  |  |  |  |  | (4.2) |
Other Expense, Net |  |  |  |  |  |  |  |  |  |  |  | 0.7 |
Income before Taxes |  |  |  |  |  |  |  |  |  |  |  | 73.0
Other Supplemental Disclosures |  |  |  |  |  |  |  |  |  |  |  |
Amortization |  | 33.9 |  | 49.9 |  | 1.6 |  |  |  | — |  |  | 85.4
Depreciation |  | 11.6 |  |  | 19.6 |  |  | 8.9 |  |  |  |  | — |  |  | 40.1
Capital Expenditures |  | 6.0 |  |  | 8.2 |  |  | 2.6 |  |  |  |  | — |  |  | 16.8 |
(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 March 31, 2026 and December 31, 2025:
|  | Automation & Motion Control |  | Industrial Powertrain Solutions |  | Power Efficiency Solutions |  |  |  | Total
Identifiable Assets as of March 31, 2026 |  | $ | 4,553.3 |  |  | $ | 7,323.2 |  |  | $ | 1,904.3 |  |  |  |  | $ | 13,780.8 |
Identifiable Assets as of December 31, 2025 |  | 4,598.6 |  |  | 7,389.1 |  |  | 1,933.3 |  |  |  |  | 13,921.0 |

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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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