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REVENUE Revenue (Tables)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]    
Disaggregation of Revenue [Table Text Block]
The following table represents our revenue disaggregated by end market for the three and six months ended June 30, 2020 and 2019.
For the Three Months Ended June 30, 2020Motion TechnologiesIndustrial ProcessConnect & Control TechnologiesEliminationsTotal
Auto and rail$195.6  $—  $—  $—  $195.6  
Chemical and industrial pumps—  158.6  —  —  158.6  
Aerospace and defense1.6  —  64.6  —  66.2  
Oil and gas—  34.7  7.7  —  42.4  
General industrial2.1  —  50.6  (0.8) 51.9  
Total$199.3  $193.3  $122.9  $(0.8) $514.7  
For the Six Months Ended June 30, 2020
Auto and rail$488.0  $—  $—  $(0.1) $487.9  
Chemical and industrial pumps—  320.1  —  —  320.1  
Aerospace and defense4.5  —  150.7  —  155.2  
Oil and gas—  100.5  15.5  —  116.0  
General industrial4.7  —  95.4  (1.3) 98.8  
Total$497.2  $420.6  $261.6  $(1.4) $1,178.0  
For the Three Months Ended June 30, 2019Motion TechnologiesIndustrial ProcessConnect & Control TechnologiesEliminationsTotal
Auto and rail$312.1  $—  $—  $(0.1) $312.0  
Chemical and industrial pumps—  168.7  —  —  168.7  
Aerospace and defense2.8  —  105.3  —  108.1  
Oil and gas—  63.9  10.1  —  74.0  
General industrial2.8  —  54.8  (0.5) 57.1  
Total$317.7  $232.6  $170.2  $(0.6) $719.9  
For the Six Months Ended June 30, 2019
Auto and rail$622.1  $—  $—  $(0.1) $622.0  
Chemical and industrial pumps—  330.2  —  —  330.2  
Aerospace and defense5.1  —  204.8  —  209.9  
Oil and gas—  118.1  18.6  —  136.7  
General industrial5.7  —  111.8  (0.9) 116.6  
Total$632.9  $448.3  $335.2  $(1.0) $1,415.4  
Contract with Customer, Asset and Liability [Table Text Block] The following table represents our net contract assets and liabilities as of June 30, 2020 and December 31, 2019.
June 30,
2020
December 31,
2019
Change
Current contract assets, net$18.9  $18.0  5.0 %
Current contract liabilities(56.3) (57.4) (1.9)%
Net contract liabilities$(37.4) $(39.4) (5.1)%