XML 43 R32.htm IDEA: XBRL DOCUMENT v3.26.1
Revenue (Tables)
6 Months Ended
Jun. 30, 2026
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 six months ended June 30, 2026 and 2025:
Three Months EndedThree Months Ended
June 30, 2026June 30, 2025
Engineered BearingsIndustrial MotionTotalEngineered BearingsIndustrial MotionTotal
United States$327.8 $229.2 $557.0 $319.7 $211.8 $531.5 
Americas excluding the
   United States
99.5 26.6 126.1 98.3 22.0 120.3 
Europe / Middle East / Africa158.2 159.9 318.1 148.6 136.3 284.9 
Asia-Pacific221.5 38.2 259.7 210.8 25.9 236.7 
Net sales$807.0 $453.9 $1,260.9 $777.4 $396.0 $1,173.4 
Six Months EndedSix Months Ended
June 30, 2026June 30, 2025
Engineered BearingsIndustrial MotionTotalEngineered BearingsIndustrial MotionTotal
United States$655.4 $456.3 $1,111.7 $631.2 $414.1 $1,045.3 
Americas excluding the United States193.0 51.4 244.4 186.5 43.2 229.7 
Europe / Middle East / Africa321.2 306.3 627.5 288.2 266.0 554.2 
Asia-Pacific443.6 65.0 508.6 432.2 52.3 484.5 
Net sales$1,613.2 $879.0 $2,492.2 $1,538.1 $775.6 $2,313.7 
The following table presents the approximate percentage of revenue by sales channel for the six months ended June 30, 2026 and 2025:
Six Months EndedSix Months Ended
Revenue by sales channelJune 30, 2026June 30, 2025
Original equipment manufacturers60%60%
Distribution/direct to end users40%40%
Schedule of Rollforward of Unbilled Receivables and Deferred Revenue
The following table contains a rollforward of unbilled receivables for the six months ended June 30, 2026 and the twelve months ended December 31, 2025:
June 30,
2026
December 31,
2025
Beginning balance, January 1$137.6 $140.8 
Additional unbilled revenue recognized194.9 366.9 
Less: amounts billed to customers(158.5)(370.1)
Ending balance$174.0 $137.6 
The following table contains a rollforward of deferred revenue for the six months ended June 30, 2026 and the twelve months ended December 31, 2025:
June 30,
2026
December 31,
2025
Beginning balance, January 1$55.7 $41.4 
Revenue received or billed in advance of recognition78.5 180.9 
Less: revenue recognized(84.8)(166.6)
Acquisitions2.9 — 
Ending balance$52.3 $55.7