XML 65 R54.htm IDEA: XBRL DOCUMENT v3.26.1
Segment Information - Schedule of Segment Financial Information and a Reconciliation of Segment (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Segment Reporting [Line Items]          
Net sales $ 1,260.9 $ 1,173.4 $ 2,492.2 $ 2,313.7  
Cost of products sold (861.6) (813.1) (1,698.9) (1,594.7)  
Selling, general and administrative expenses (205.9) (189.7) (407.1) (374.5)  
Adjusted EBITDA for reportable segments 266.9 226.0 517.2 452.3  
Unallocated corporate expense 57.9 116.4 200.8 234.7  
Impairment, restructuring and reorganization charges (8.1) (4.7) (12.9) (7.8)  
Gain on the sale of certain assets   0.1   1.3  
CEO transition expenses   (3.2)   (11.8)  
Acquisition-related charges (3.4)   (5.2)    
Belts impairment, restructuring and reorganization charges (94.4)   (94.4)    
Depreciation and amortization (59.7) (57.2) (118.6) (112.3)  
Interest expense (26.2) (29.8) (50.5) (56.3)  
Interest income 2.5 3.0 4.2 5.3  
Income Before Income Taxes 57.9 116.4 200.8 234.7  
Assets by Segment:          
Assets 6,825.6   6,825.6   $ 6,676.8
Capital expenditures:          
Capital expenditures 26.6 33.1 65.4 68.3  
Depreciation and amortization:          
Depreciation and amortization 59.7 57.2 118.6 112.3  
Engineered Bearings          
Segment Reporting [Line Items]          
Net sales 807.0 777.4 1,613.2 1,538.1  
Industrial Motion          
Segment Reporting [Line Items]          
Net sales 453.9 396.0 879.0 775.6  
Operating Segments | Engineered Bearings          
Segment Reporting [Line Items]          
Net sales 807.0 777.4 1,613.2 1,538.1  
Cost of products sold (561.8) (546.0) (1,124.0) (1,069.3)  
Selling, general and administrative expenses (109.7) (103.2) (220.4) (205.7)  
Other segment items 1.1 0.8 1.8 1.5  
Depreciation and amortization 24.7 24.4 49.7 48.0  
Adjusted EBITDA for reportable segments 161.3 153.4 320.3 312.6  
Depreciation and amortization (28.7) (27.5) (56.7) (54.1)  
Assets by Segment:          
Assets 3,440.8   3,440.8   3,293.5
Capital expenditures:          
Capital expenditures 18.3 21.3 48.5 46.2  
Depreciation and amortization:          
Depreciation and amortization 28.7 27.5 56.7 54.1  
Operating Segments | Industrial Motion          
Segment Reporting [Line Items]          
Net sales 453.9 396.0 879.0 775.6  
Cost of products sold (284.7) (265.1) (558.6) (521.7)  
Selling, general and administrative expenses (76.5) (70.8) (149.1) (138.8)  
Other segment items (0.1) 0.0 (0.2) 0.0  
Depreciation and amortization 13.0 12.5 25.8 24.6  
Adjusted EBITDA for reportable segments 105.6 72.6 196.9 139.7  
Depreciation and amortization (30.6) (29.5) (61.1) (57.8)  
Assets by Segment:          
Assets 2,927.3   2,927.3   2,962.8
Capital expenditures:          
Capital expenditures 7.9 11.8 16.0 22.0  
Depreciation and amortization:          
Depreciation and amortization 30.6 29.5 61.1 57.8  
Segment Reporting, Reconciling Item, Corporate Nonsegment          
Segment Reporting [Line Items]          
Unallocated corporate expense (19.7) (17.8) (39.0) (36.0)  
Depreciation and amortization (0.4) (0.2) (0.8) (0.4)  
Income Before Income Taxes (19.7) (17.8) (39.0) (36.0)  
Assets by Segment:          
Assets 457.5   457.5   $ 420.5
Capital expenditures:          
Capital expenditures 0.4 0.0 0.9 0.1  
Depreciation and amortization:          
Depreciation and amortization $ 0.4 $ 0.2 $ 0.8 $ 0.4