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RETIREMENT BENEFIT PLANS (Tables) | 12 Months Ended
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Dec. 31, 2025
Retirement Benefits [Abstract] |
Schedule of Funded Status of Non-U.S. Plans | The following sets forth the funded status of Ralliant’s non-U.S. plans and amounts recorded in AOCI as of the most recent actuarial valuations using measurement dates of December 31:
|  |  |  |  | 2025 |  | 2024
Change in pension benefit obligation: |  |  |  |  |  |  |
Benefit obligation at beginning of year |  |  |  |  | $ | 119.4 |  |  | $ | 132.8 |
Service cost |  |  |  |  | 1.5 |  |  | 0.3 |
Interest cost |  |  |  |  | 5.1 |  |  | 4.8 |
Employee contributions |  |  |  |  | 0.2 |  |  | 0.2 |
Benefits paid |  |  |  |  | (8.6) |  |  | (7.2) |
Actuarial gain |  |  |  |  | (4.7) |  |  | (4.5) |
Settlements |  |  |  |  | (0.3) |  |  | (1.8) |
Foreign exchange rate impact |  |  |  |  | 12.5 |  |  | (5.2) |
Plan acquisitions and other |  |  |  |  | (0.8) |  |  | — |
Benefit obligation at end of year |  |  |  |  | 124.3 |  |  | 119.4 |
Change in plan assets: |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  |  |  |  | 73.0 |  |  | 83.9 |
Actual return on plan assets |  |  |  |  | 2.1 |  |  | (4.5) |
Employer contributions |  |  |  |  | 4.9 |  |  | 4.1 |
Employee contributions |  |  |  |  | 0.2 |  |  | 0.2 |
Settlements |  |  |  |  | (0.3) |  |  | (1.8) |
Benefits paid |  |  |  |  | (8.5) |  |  | (7.2) |
Foreign exchange rate impact |  |  |  |  | 5.9 |  |  | (1.7) |
Plan acquisitions and other |  |  |  |  | (1.8) |  |  | — |
Fair value of plan assets at end of year |  |  |  |  | 75.5 |  |  | 73.0 |
Funded status |  |  |  |  | $ | (48.8) |  |  | $ | (46.4) |
Schedule of Difference Amounts Recorded in Consolidated and Combined Balance Sheets | Amounts recorded in the Consolidated and Combined Balance Sheets as of December 31:
|  |  |  |  | 2025 |  | 2024
Other assets |  |  |  |  | $ | 8.3 |  |  | $ | 9.2 |
Accrued expenses and other current liabilities |  |  |  |  | (3.9) |  |  | (3.3) |
Other long-term liabilities |  |  |  |  | (53.2) |  |  | (52.3) |
Net amount |  |  |  |  | $ | (48.8) |  |  | $ | (46.4) |
Schedule of Difference Amounts Recorded in AOCI | Amounts recorded in AOCI as of December 31:
|  |  |  |  | 2025 |  | 2024
Prior service credit |  |  |  |  | $ | (1.2) |  |  | $ | (1.2) |
Net gain |  |  |  |  | (18.3) |  |  | (20.3) |
Total pre-tax amount |  |  |  |  | $ | (19.5) |  |  | $ | (21.5) |
Schedule of Weighted Average Assumptions | Weighted average assumptions used to determine benefit obligations at date of measurement
|  |  |  |  | 2025 |  | 2024
Discount rate |  |  |  |  | 4.54 | % |  | 4.22 | %
Rate of compensation increase |  |  |  |  | 2.93 | % |  | 2.93 | %
Weighted average assumptions used to determine net periodic pension cost at date of measurement
|  |  |  |  |  |  | 2025 |  | 2024 |  | 2023
Discount rate |  |  |  |  |  |  | 4.22 | % |  | 3.88 | % |  | 4.33 | %
Expected return on plan assets |  |  |  |  |  |  | 4.92 | % |  | 5.02 | % |  | 5.07 | %
Rate of compensation increase |  |  |  |  |  |  | 2.93 | % |  | 2.95 | % |  | 3.10 | %
Schedule of Net Periodic Pension Cost | The following sets forth the components of net periodic pension cost for Ralliant’s non-U.S. plans for the years ended December 31:
|  |  |  |  |  |  | 2025 |  | 2024 |  | 2023
Service cost |  |  |  |  |  |  | $ | 1.5 |  |  | $ | 0.3 |  |  | $ | 0.3 |
Interest cost |  |  |  |  |  |  | 5.1 |  |  | 4.8 |  |  | 5.2 |
Expected return on plan assets |  |  |  |  |  |  | (3.5) |  |  | (4.0) |  |  | (3.9) |
Amortization of net loss |  |  |  |  |  |  | 0.6 |  |  | 0.3 |  |  | 0.3 |
Amortization of prior service cost |  |  |  |  |  |  | 0.1 |  |  | 0.1 |  |  | 0.2 |
Net settlement loss recognized |  |  |  |  |  |  | — |  |  | 0.2 |  |  | — |
Net periodic pension cost |  |  |  |  |  |  | $ | 3.8 |  |  | $ | 1.7 |  |  | $ | 2.1 |
Schedule of Fair Value of Pension Plan Assets | The fair values of Ralliant’s pension plan assets as of December 31, 2025 by asset category were as follows:
| Quoted Prices in Active Market (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Cash and equivalents | $ | 7.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 7.1 |
Mutual funds | — |  |  | 52.8 |  |  | — |  |  | 52.8 |
Insurance contracts | — |  |  | 5.6 |  |  | — |  |  | 5.6 |
Total | $ | 7.1 |  |  | $ | 58.4 |  |  | $ | — |  |  | $ | 65.5 |
Investments measured at NAV(a): |  |  |  |  |  |  |
Mutual funds and other private investments |  |  |  |  |  |  | 10.0 |
Total assets at fair value |  |  |  |  |  |  | $ | 75.5 |
(a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total fair value of plan assets.
The fair values of Ralliant’s pension plan assets as of December 31, 2024 by asset category were as follows:
| Quoted Prices in Active Market (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Cash and equivalents | $ | 43.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 43.2 |
Mutual funds | — |  |  | 15.9 |  |  | — |  |  | 15.9 |
Insurance contracts | — |  |  | 5 |  |  | — |  |  | 5 |
Total | $ | 43.2 |  |  | $ | 20.9 |  |  | $ | — |  |  | $ | 64.1 |
Investments measured at NAV(a): |  |  |  |  |  |  |
Mutual funds and other private investments |  |  |  |  |  |  | 8.9 |
Total assets at fair value |  |  |  |  |  |  | $ | 73.0 |
(a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total fair value of plan assets.
Schedule of Expected Benefit Payments | The following sets forth benefit payments to participants, which reflect expected future service, as appropriate, expected to be paid by the plans in the periods indicated:
2026 |  |  | $ | 9.0 |  |  |
2027 |  |  | 8.8 |  |  |
2028 |  |  | 9.8 |  |  |
2029 |  |  | 8.8 |  |  |
2030 |  |  | 8.9 |  |  |
2031-2035 |  |  | 43.1 |  |  |

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