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Goodwill and Other Intangible Assets (Tables)

12 Months Ended

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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