GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes to Goodwill

The following table presents changes to goodwill during the three months ended March 31, 2023:

	Total		Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems
Balance as of December 31, 2022	$	4,018.8	$	2,290.0	$	752.3	$	865.0	$	111.5
Acquisitions	2,499.3		1,395.4		—		1,103.9		—
Translation Adjustments	8.6		5.2		1.1		1.9		0.4
Balance as of March 31, 2023	$	6,526.7	$	3,690.6	$	753.4	$	1,970.8	$	111.9
Cumulative Goodwill Impairment Charges	$	328.7	$	18.1	$	200.4	$	5.1	$	105.1

Schedule of Finite-Lived Intangible Assets

The following table presents intangible assets including those acquired in the Altra Transaction (see Note 3 - Acquisitions and Divestitures for more information):

		March 31, 2023						December 31, 2022
	Weighted Average Amortization Period (Years)	Gross Value		Accumulated Amortization		Net Carrying Amount		Gross Value		Accumulated Amortization		Net Carrying Amount
Customer Relationships	15	$	4,129.2	$	587.9	$	3,541.3	$	2,321.4	$	532.0	$	1,789.4
Technology	13	347.6		127.0		220.6		246.2		125.0		121.2
Trademarks	10	725.0		72.2		652.8		392.7		73.4		319.3
Total Intangibles		$	5,201.8	$	787.1	$	4,414.7	$	2,960.3	$	730.4	$	2,229.9

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table presents future estimated annual amortization expense for intangible assets:

Year	Estimated Amortization
2024	$	356.0
2025	354.0
2026	350.5
2027	349.8
2028	349.8