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ACQUISITIONS AND DIVESTITURES (Preliminary Purchase Price) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended
Mar. 27, 2023
Mar. 31, 2023
Mar. 31, 2022
Jan. 24, 2023
Dec. 31, 2022
Business Acquisition [Line Items]          
Stock based compensation   $ 21.7 $ 6.3    
Common stock, shares outstanding (in shares)   66.3     66.2
Long-term debt   $ 7,284.8     $ 2,023.5
Senior Notes Due 2026 | Senior Notes          
Business Acquisition [Line Items]          
Debt instrument interest rate (in percent)       6.05%  
Altra Merger Agreement          
Business Acquisition [Line Items]          
Cash payment   4,051.0      
Stock based compensation   23.1      
Payment of Altra debt   1,061.0      
Pre-existing relationships   (0.5)      
Preliminary purchase price $ 5,100.0 $ 5,134.6      
Share price (in dollars per share) $ 62.00        
Altra Merger Agreement | Altra Industrial Motion Corp          
Business Acquisition [Line Items]          
Common stock, shares outstanding (in shares) 65.3        
Altra Merger Agreement | Senior Notes Due 2026 | Senior Notes          
Business Acquisition [Line Items]          
Percentage of debt outstanding   95.28%      
Debt instrument interest rate (in percent)   6.125%      
Long-term debt   $ 18.1