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Revenue (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents details deemed most relevant to the users of the financial statements about total revenue for the years ended December 31, 2024, 2023 and 2022:

			December 31, 2024
			Engineered Bearings			Industrial Motion			Total
United States			$	1,281.6		$	795.3		$	2,076.9
Americas excluding United States			383.1			102.7			485.8
Europe / Middle East / Africa			599.2			520.7			1,119.9
Asia-Pacific			770.4			120.0			890.4
Net sales			$	3,034.3		$	1,538.7		$	4,573.0
			December 31, 2023
			Engineered Bearings			Industrial Motion			Total
United States			$	1,266.1		$	789.8		$	2,055.9
Americas excluding United States			375.6			106.1			481.7
Europe / Middle East / Africa			678.6			499.7			1,178.3
Asia-Pacific			937.4			115.7			1,053.1
Net sales			$	3,257.7		$	1,511.3		$	4,769.0
			December 31, 2022
			Engineered Bearings			Industrial Motion			Total
United States			$	1,198.1		$	793.9		$	1,992.0
Americas excluding United States			383.2			93.0			476.2
Europe / Middle East / Africa			588.9			406.8			995.7
Asia-Pacific			922.4			110.4			1,032.8
Net sales			$	3,092.6		$	1,404.1		$	4,496.7

The following table presents the percent of revenues by sales channel for the years ended December 31, 2024, 2023 and 2022:    

Revenue by sales channel			2024			2023			2022
Original equipment manufacturers			55%			60%			60%
Distribution/end users			45%			40%			40%

Schedule of Rollforward of Unbilled Receivables and Deferred Revenue

The following table contains a rollforward of unbilled receivables for the years ended December 31, 2024 and 2023:

			2024			2023
Beginning balance, January 1			$	144.5		$	103.9
Additional unbilled revenue recognized			380.5			424.1
Less: amounts billed to customers			(384.2)			(383.5)
Ending balance			$	140.8		$	144.5

The following table contains a rollforward of deferred revenue for the years ended December 31, 2024 and 2023:

			2024			2023
Beginning balance, January 1			$	45.4		$	54.3
Acquisitions			0.7			1.4
Revenue (cash) received in advance			153.0			165.2
Less: revenue recognized			(157.7)			(175.5)
Ending balance			$	41.4		$	45.4

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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