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Impairment and Restructuring Charges (Tables)
6 Months Ended
Jun. 30, 2026
Restructuring Charges [Abstract]  
Schedule of Impairment and Restructuring Charges by Segment and Rollforward of Restructuring Accrual
Impairment and restructuring charges by segment are comprised of the following:
For the three months ended June 30, 2026:
Engineered BearingsIndustrial MotionUnallocated CorporateTotal
Impairment charges$ $79.0 $ $79.0 
Severance and related benefit costs5.4 3.0  8.4 
Exit costs0.4 0.1  0.5 
Total$5.8 $82.1 $ $87.9 
For the six months ended June 30, 2026:
Engineered BearingsIndustrial MotionUnallocated CorporateTotal
Impairment charges$ $79.0 $ $79.0 
Severance and related benefit costs7.9 3.5 0.5 11.9 
Exit costs0.3 0.3  0.6 
Total$8.2 $82.8 $0.5 $91.5 
For the three months ended June 30, 2025:
Engineered BearingsIndustrial MotionUnallocated CorporateTotal
Severance and related benefit costs$0.9 $1.8 $— $2.7 
Exit costs— 0.2 — 0.2 
Total$0.9 $2.0 $— $2.9 
For the six months ended June 30, 2025:
Engineered BearingsIndustrial MotionUnallocated CorporateTotal
Severance and related benefit costs$1.5 $2.5 $9.4 $13.4 
Exit costs— 0.4 — 0.4 
Total$1.5 $2.9 $9.4 $13.8 
The following is a rollforward of the consolidated restructuring accrual for the six months ended June 30, 2026 and twelve months ended December 31, 2025:
June 30,
2026
December 31,
2025
Beginning balance, January 1$13.1 $3.7 
Expense12.5 25.2 
Payments(10.3)(15.8)
Ending balance$15.3 $13.1