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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of Segment Wise Financial Performance | The following tables provide segment financial information and a reconciliation of segment results to consolidated results: For the three months ended June 30, 2026:
| Engineered Bearings | Industrial Motion | Total
Net sales | $ | 807.0 |  | $ | 453.9 |  | $ | 1,260.9 |
Cost of products sold (1) | (561.8) |  | (284.7) |  |
Selling, general and administrative expenses (2) | (109.7) |  | (76.5) |  |
Other segment items (3) | 1.1 |  | (0.1) |  |
Depreciation and amortization (4) | 24.7 |  | 13.0 |  |
Adjusted EBITDA for reportable segments | $ | 161.3 |  | $ | 105.6 |  | $ | 266.9 |
Unallocated corporate expense |  |  | (19.7) |
Impairment, restructuring and reorganization charges |  |  | (8.1) |
Acquisition-related charges |  |  | (3.4) |
Belts impairment, restructuring and reorganization charges |  |  | (94.4) |
Depreciation and amortization |  |  | (59.7) |
Interest expense |  |  | (26.2) |
Interest income |  |  | 2.5 |
Income before income taxes |  |  | $ | 57.9 |
For the six months ended June 30, 2026:
| Engineered Bearings | Industrial Motion | Total
Net sales | $ | 1,613.2 |  | $ | 879.0 |  | $ | 2,492.2 |
Cost of products sold (1) | (1,124.0) |  | (558.6) |  |
Selling, general and administrative expenses (2) | (220.4) |  | (149.1) |  |
Other segment items (3) | 1.8 |  | (0.2) |  |
Depreciation and amortization (4) | 49.7 |  | 25.8 |  |
Adjusted EBITDA for reportable segments | $ | 320.3 |  | $ | 196.9 |  | $ | 517.2 |
Unallocated corporate expense |  |  | (39.0) |
Impairment, restructuring and reorganization charges |  |  | (12.9) |
Acquisition-related charges |  |  | (5.2) |
Belts impairment, restructuring and reorganization charges |  |  | (94.4) |
Depreciation and amortization |  |  | (118.6) |
Interest expense |  |  | (50.5) |
Interest income |  |  | 4.2 |
Income before income taxes |  |  | $ | 200.8 |
For the three months ended June 30, 2025:
| Engineered Bearings | Industrial Motion | Total
Net sales | $ | 777.4 |  | $ | 396.0 |  | $ | 1,173.4 |
Cost of products sold (1) | (546.0) |  | (265.1) |  |
Selling, general and administrative expenses (2) | (103.2) |  | (70.8) |  |
Other segment items (3) | 0.8 |  | — |  |
Depreciation and amortization (4) | 24.4 |  | 12.5 |  |
Adjusted EBITDA for reportable segments | $ | 153.4 |  | $ | 72.6 |  | $ | 226.0 |
Unallocated corporate expense |  |  | (17.8) |
Impairment, restructuring and reorganization charges |  |  | (4.7) |
Gain on the sale of certain assets |  |  | 0.1 |
CEO transition expenses |  |  | (3.2) |
Depreciation and amortization |  |  | (57.2) |
Interest expense |  |  | (29.8) |
Interest income |  |  | 3.0 |
Income before income taxes |  |  | $ | 116.4 |
For the six months ended June 30, 2025:
| Engineered Bearings | Industrial Motion | Total
Net sales | $ | 1,538.1 |  | $ | 775.6 |  | $ | 2,313.7 |
Cost of products sold (1) | (1,069.3) |  | (521.7) |  |
Selling, general and administrative expenses (2) | (205.7) |  | (138.8) |  |
Other segment items (3) | 1.5 |  | — |  |
Depreciation and amortization (4) | 48.0 |  | 24.6 |  |
Adjusted EBITDA for reportable segments | $ | 312.6 |  | $ | 139.7 |  | $ | 452.3 |
Unallocated corporate expense |  |  | (36.0) |
Impairment, restructuring and reorganization charges |  |  | (7.8) |
Gain on the sale of certain assets |  |  | 1.3 |
CEO transition expenses |  |  | (11.8) |
Depreciation and amortization |  |  | (112.3) |
Interest expense |  |  | (56.3) |
Interest income |  |  | 5.3 |
Income before income taxes |  |  | $ | 234.7 |
(1) Cost of products sold excludes acquisition-related and reorganization charges. (2) Selling, general, and administrative expenses exclude acquisition-related charges and CEO transition expenses. (3) Other segment items are Other (expense) income, net and exclude the gain on the sale of certain assets. (4) Depreciation and amortization excludes acquisition intangible amortization and depreciation recognized in reorganization charges, if any. Note 4 - Segment Information (continued) The following tables provide additional segment financial information:
| June 30, 2026 |  | December 31, 2025
Assets by Segment: |  |  |
Engineered Bearings | $ | 3,440.8 |  |  | $ | 3,293.5 |
Industrial Motion | 2,927.3 |  |  | 2,962.8 |
Corporate (5) | 457.5 |  |  | 420.5 |
| $ | 6,825.6 |  |  | $ | 6,676.8 |
(5) Corporate assets include cash and cash equivalents and corporate buildings.
| Three Months Ended June 30, | Six Months Ended June 30,
| 2026 |  | 2025 | 2026 |  | 2025
Capital expenditures: |  |  |  |  |  |
Engineered Bearings | $ | 18.3 |  |  | $ | 21.3 |  | $ | 48.5 |  |  | $ | 46.2 |
Industrial Motion | 7.9 |  |  | 11.8 |  | 16.0 |  |  | 22.0 |
Corporate | 0.4 |  |  | — |  | 0.9 |  |  | 0.1 |
| $ | 26.6 |  |  | $ | 33.1 |  | $ | 65.4 |  |  | $ | 68.3 |
Depreciation and amortization: |  |  |  |  |  |
Engineered Bearings | $ | 28.7 |  |  | $ | 27.5 |  | $ | 56.7 |  |  | $ | 54.1 |
Industrial Motion | 30.6 |  |  | 29.5 |  | 61.1 |  |  | 57.8 |
Corporate | 0.4 |  |  | 0.2 |  | 0.8 |  |  | 0.4 |
| $ | 59.7 |  |  | $ | 57.2 |  | $ | 118.6 |  |  | $ | 112.3 |

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- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
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