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RESTRUCTURING ACTIVITIES
 9 Months Ended
Sep. 30, 2023
Restructuring and Related Activities [Abstract]  
RESTRUCTURING ACTIVITIES RESTRUCTURING ACTIVITIES
The Company incurred restructuring and restructuring-related costs on projects during the three and nine months ended September 30, 2023 and September 30, 2022. The Company has initiated restructuring plans to achieve cost synergies from procurement, distribution efficiencies, footprint rationalization and other general cost savings measures. Restructuring costs include employee termination and plant relocation costs. Restructuring-related costs also include costs directly associated with actions resulting from the Company's simplification initiatives, such as asset write-downs or accelerated depreciation due to shortened useful lives in connection with site closures, discretionary employment benefit costs and other facility rationalization costs. Restructuring costs for employee termination expenses are generally recognized when the severance liability is determined to be probable of being paid and reasonably estimable while plant relocation costs and related costs are generally required to be expensed as incurred.

The following table presents a reconciliation of provisions and payments for the restructuring projects for the three and nine months ended September 30, 2023 and September 30, 2022:
Three Months EndedNine Months Ended
September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Beginning Balance$18.3 $6.4 $15.1 $5.0 
Acquisition(1)
— — 0.2 — 
Provision(2)
7.1 20.9 26.1 36.7 
Less: Payments/ Other4.6 13.0 20.6 27.4 
Ending Balance$20.8 $14.3 $20.8 $14.3 

(1) Excludes $12.4 million of severance related to the Altra Transaction, which was paid in the second quarter 2023.
(2) Excludes $7.5 million of accelerated depreciation incurred in the third quarter of 2023.    

The following table presents a reconciliation of restructuring costs for restructuring projects for the three and nine months ended September 30, 2023 and September 30, 2022, respectively:
Three Months Ended
September 30, 2023September 30, 2022
Restructuring Costs:Cost of SalesOperating ExpensesTotalCost of SalesOperating ExpensesTotal
Employee Termination Expenses$0.4 $2.0 $2.4 $13.4 $1.2 $14.6 
Facility Related Costs9.4 0.1 9.5 5.9 0.1 6.0 
Other Expenses2.8 (0.1)2.7 0.3 — 0.3 
  Total Restructuring Costs$12.6 $2.0 $14.6 $19.6 $1.3 $20.9 
Nine Months Ended
September 30, 2023September 30, 2022
Restructuring Costs:Cost of SalesOperating ExpensesTotalCost of SalesOperating ExpensesTotal
Employee Termination Expenses$10.1 $4.9 $15.0 $19.6 $3.8 $23.4 
Facility Related Costs12.4 0.3 12.7 11.9 0.6 12.5 
Other Expenses5.9 — 5.9 0.4 0.4 0.8 
  Total Restructuring Costs$28.4 $5.2 $33.6 $31.9 $4.8 $36.7 
The following table presents restructuring costs by segment for the three and nine months ended September 30, 2023 and September 30, 2022:
Restructuring Costs - Three Months EndedTotalIndustrial Powertrain SolutionsPower Efficiency SolutionsAutomation & Motion ControlIndustrial Systems
September 30, 2023$14.6 $5.9 $7.5 $1.2 $— 
September 30, 2022$20.9 $3.7 $8.6 $8.3 $0.3 
Restructuring Costs - Nine Months EndedTotalIndustrial Powertrain SolutionsPower Efficiency SolutionsAutomation & Motion ControlIndustrial Systems
September 30, 2023$33.6 $7.5 $22.7 $2.7 $0.7 
September 30, 2022$36.7 $13.1 $10.3 $12.8 $0.5 
The Company's current restructuring activities are expected to continue through 2023. The Company expects to record aggregate future charges of approximately $24 million during the fourth quarter of 2023. The Company continues to evaluate operating efficiencies and anticipates incurring additional costs in future periods in connection with these activities.