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Revenue (Tables) | 9 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents details deemed relevant to the users of the financial statements about total revenue for the three and nine months ended September 30, 2025 and 2024:
| Three Months Ended | Three Months Ended
| September 30, 2025 | September 30, 2024
| Engineered Bearings | Industrial Motion | Total | Engineered Bearings | Industrial Motion | Total
United States | $ | 323.1 |  | $ | 205.1 |  | $ | 528.2 |  | $ | 310.4 |  | $ | 202.4 |  | $ | 512.8 |
Americas excluding the United States | 91.2 |  | 23.9 |  | 115.1 |  | 95.5 |  | 28.1 |  | 123.6 |
Europe / Middle East / Africa | 150.0 |  | 135.2 |  | 285.2 |  | 139.9 |  | 124.0 |  | 263.9 |
Asia-Pacific | 201.5 |  | 27.1 |  | 228.6 |  | 194.9 |  | 31.6 |  | 226.5 |
Net sales | $ | 765.8 |  | $ | 391.3 |  | $ | 1,157.1 |  | $ | 740.7 |  | $ | 386.1 |  | $ | 1,126.8 |
| Nine Months Ended | Nine Months Ended
| September 30, 2025 | September 30, 2024
| Engineered Bearings | Industrial Motion | Total | Engineered Bearings | Industrial Motion | Total
United States | $ | 954.3 |  | $ | 619.2 |  | $ | 1,573.5 |  | $ | 981.4 |  | $ | 598.6 |  | $ | 1,580.0 |
Americas excluding the United States | 277.7 |  | 67.1 |  | 344.8 |  | 286.5 |  | 79.2 |  | 365.7 |
Europe / Middle East / Africa | 438.2 |  | 401.2 |  | 839.4 |  | 460.4 |  | 401.8 |  | 862.2 |
Asia-Pacific | 633.7 |  | 79.4 |  | 713.1 |  | 598.3 |  | 93.2 |  | 691.5 |
Net sales | $ | 2,303.9 |  | $ | 1,166.9 |  | $ | 3,470.8 |  | $ | 2,326.6 |  | $ | 1,172.8 |  | $ | 3,499.4 |
Note 4 - Revenue (continued) When reviewing revenue by sales channel, the Company separates net sales to original equipment manufacturers ("OEMs") from sales to distributors and end users. The following table presents the approximate percent of revenue by sales channel for the nine months ended September 30, 2025 and 2024:
| Nine Months Ended | Nine Months Ended
Revenue by sales channel | September 30, 2025 | September 30, 2024
Original equipment manufacturers | 60% | 55%
Distribution/direct to end users | 40% | 45%
Schedule of Rollforward of Unbilled Receivables and Deferred Revenue | The following table contains a rollforward of unbilled receivables for the nine months ended September 30, 2025 and the twelve months ended December 31, 2024:
| September 30, 2025 | December 31, 2024
Beginning balance, January 1 | $ | 140.8 |  | $ | 144.5 |
Additional unbilled revenue recognized | 274.4 |  | 380.5 |
Less: amounts billed to customers | (254.5) |  | (384.2) |
Ending balance | $ | 160.7 |  | $ | 140.8 |
The following table contains a rollforward of deferred revenue for the nine months ended September 30, 2025 and the twelve months ended December 31, 2024:
| September 30, 2025 | December 31, 2024
Beginning balance, January 1 | $ | 41.4 |  | $ | 45.4 |
Acquisitions | — |  | 0.7 |
Revenue received or billed in advance of recognition | 145.5 |  | 153.0 |
Less: revenue recognized | (121.1) |  | (157.7) |
Ending balance | $ | 65.8 |  | $ | 41.4 |

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- 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 + Details
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- 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 + Details
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