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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in the Carrying Value of Goodwill | Changes in the carrying value of goodwill were as follows: Year ended December 31, 2024:
| Engineered Bearings | Industrial Motion | Total
Beginning Balance | $ | 692.3 |  | $ | 677.3 |  | $ | 1,369.6 |
Acquisitions | — |  | 61.4 |  | 61.4 |
Measurement period adjustments related to 2023 acquisitions | 6.0 |  | 0.4 |  | 6.4 |
Impairment loss | — |  | (1.5) |  | (1.5) |
Foreign currency translation adjustments and other changes | (6.3) |  | (46.3) |  | (52.6) |
Ending Balance | $ | 692.0 |  | $ | 691.3 |  | $ | 1,383.3 |
Year ended December 31, 2023:
| Engineered Bearings | Industrial Motion | Total
Beginning Balance | $ | 679.8 |  | $ | 418.5 |  | $ | 1,098.3 |
Acquisitions | 13.2 |  | 272.4 |  | 285.6 |
Impairment loss | — |  | (28.3) |  | (28.3) |
Foreign currency translation adjustments and other changes | (0.7) |  | 14.7 |  | 14.0 |
Ending Balance | $ | 692.3 |  | $ | 677.3 |  | $ | 1,369.6 |
Schedule of Finite-Lived Intangible Assets | The following table displays intangible assets as of December 31, 2024 and 2023:
| 2024 | 2023
| Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount
Intangible assets subject to amortization: |  |  |  |  |  |
Customer relationships | $ | 805.7 |  | $ | (262.9) |  | $ | 542.8 |  | $ | 776.5 |  | $ | (222.8) |  | $ | 553.7 |
Technology and know-how | 369.6 |  | (120.4) |  | 249.2 |  | 343.3 |  | (100.9) |  | 242.4 |
Trade names | 107.5 |  | (16.9) |  | 90.6 |  | 71.3 |  | (11.2) |  | 60.1 |
Capitalized Software | 302.8 |  | (276.1) |  | 26.7 |  | 299.5 |  | (272.8) |  | 26.7 |
Other | 11.0 |  | (9.8) |  | 1.2 |  | 10.8 |  | (8.7) |  | 2.1 |
| $ | 1,596.6 |  | $ | (686.1) |  | $ | 910.5 |  | $ | 1,501.4 |  | $ | (616.4) |  | $ | 885.0 |
Intangible assets not subject to amortization: |  |  |  |  |  |
Trade names | $ | 87.3 |  |  | $ | 87.3 |  | $ | 137.7 |  |  | $ | 137.7 |
FAA air agency certificates | 8.7 |  |  | 8.7 |  | 8.7 |  |  | 8.7 |
| $ | 96.0 |  |  | $ | 96.0 |  | $ | 146.4 |  |  | $ | 146.4 |
Total intangible assets | $ | 1,692.6 |  | $ | (686.1) |  | $ | 1,006.5 |  | $ | 1,647.8 |  | $ | (616.4) |  | $ | 1,031.4 |
Schedule of Indefinite-Lived Intangible Assets | The following table displays intangible assets as of December 31, 2024 and 2023:
| 2024 | 2023
| Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount
Intangible assets subject to amortization: |  |  |  |  |  |
Customer relationships | $ | 805.7 |  | $ | (262.9) |  | $ | 542.8 |  | $ | 776.5 |  | $ | (222.8) |  | $ | 553.7 |
Technology and know-how | 369.6 |  | (120.4) |  | 249.2 |  | 343.3 |  | (100.9) |  | 242.4 |
Trade names | 107.5 |  | (16.9) |  | 90.6 |  | 71.3 |  | (11.2) |  | 60.1 |
Capitalized Software | 302.8 |  | (276.1) |  | 26.7 |  | 299.5 |  | (272.8) |  | 26.7 |
Other | 11.0 |  | (9.8) |  | 1.2 |  | 10.8 |  | (8.7) |  | 2.1 |
| $ | 1,596.6 |  | $ | (686.1) |  | $ | 910.5 |  | $ | 1,501.4 |  | $ | (616.4) |  | $ | 885.0 |
Intangible assets not subject to amortization: |  |  |  |  |  |
Trade names | $ | 87.3 |  |  | $ | 87.3 |  | $ | 137.7 |  |  | $ | 137.7 |
FAA air agency certificates | 8.7 |  |  | 8.7 |  | 8.7 |  |  | 8.7 |
| $ | 96.0 |  |  | $ | 96.0 |  | $ | 146.4 |  |  | $ | 146.4 |
Total intangible assets | $ | 1,692.6 |  | $ | (686.1) |  | $ | 1,006.5 |  | $ | 1,647.8 |  | $ | (616.4) |  | $ | 1,031.4 |

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