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v3.26.1

OTHER FINANCIAL INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Contract Assets and Contract Liabilities | The following table presents contract assets and contract liabilities as of March 31, 2026 and December 31, 2025:
|  | Current Contract Assets |  | Noncurrent Contract Assets |  | Current Contract Liabilities
Balance as of March 31, 2026 |  | $ | 120.1 |  |  | $ | 5.0 |  |  | $ | 22.2 |
Balance as of December 31, 2025 |  | 83.5 |  |  | — |  |  | 34.5 |
Schedule of Disaggregation of Revenue | The following tables presents the Company’s revenues disaggregated by geographical region:
|  | Three Months Ended
March 31, 2026 |  | Automation & Motion Control |  | Industrial Powertrain Solutions |  | Power Efficiency Solutions |  |  |  | Total
North America |  | $ | 314.7 |  |  | $ | 427.9 |  |  | $ | 278.2 |  |  |  |  | $ | 1,020.8 |
Asia |  | 20.5 |  |  | 42.2 |  |  | 50.7 |  |  |  |  | 113.4 |
Europe |  | 103.1 |  |  | 128.5 |  |  | 33.9 |  |  |  |  | 265.5 |
Rest-of-World |  | 18.8 |  |  | 49.6 |  |  | 11.0 |  |  |  |  | 79.4 |
Total |  | $ | 457.1 |  |  | $ | 648.2 |  |  | $ | 373.8 |  |  |  |  | $ | 1,479.1 |
| Three Months Ended
March 31, 2025 |  | Automation & Motion Control |  | Industrial Powertrain Solutions |  |  |  | Power Efficiency Solutions |  | Total
North America |  | $ | 260.9 |  |  | $ | 414.9 |  |  |  |  | $ | 326.5 |  |  | $ | 1,002.3 |
Asia |  | 23.5 |  |  | 33.8 |  |  |  |  | 37.7 |  |  | 95.0 |
Europe |  | 93.4 |  |  | 122.9 |  |  |  |  | 33.8 |  |  | 250.1 |
Rest-of-World |  | 18.5 |  |  | 41.1 |  |  |  |  | 11.1 |  |  | 70.7 |
Total |  | $ | 396.3 |  |  | $ | 612.7 |  |  |  |  | $ | 409.1 |  |  | $ | 1,418.1 |
Schedule of Percentage Distribution between Major Classes of Inventory | The following table presents approximate percentage distribution between major classes of inventories:
| March 31, 2026 |  | December 31, 2025
Raw Material and Work in Process | 62.3% |  | 63.4%
Finished Goods and Purchased Parts | 37.7% |  | 36.6%
Schedule of Property, Plant, and Equipment by Major Classification | The following table presents property, plant, and equipment by major classification:
| Useful Life in Years |  | March 31, 2026 |  | December 31, 2025
Land and Improvements |  |  | $ | 129.1 |  |  | $ | 130.6 |
Buildings and Improvements | 3 - 50 |  | 432.7 |  |  | 434.8 |
Machinery and Equipment | 3 - 15 |  | 1,318.1 |  |  | 1,314.8 |
Property, Plant and Equipment |  |  | 1,879.9 |  |  | 1,880.2 |
Less: Accumulated Depreciation |  |  | (995.9) |  |  | (968.4) |
Net Property, Plant and Equipment |  |  | $ | 884.0 |  |  | $ | 911.8 |

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