OTHER FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Disaggregation of Revenue

The following tables presents the Company’s revenues disaggregated by geographical region:

	Three Months Ended
September 30, 2023	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
North America	$	422.6	$	367.8	$	274.8	$	68.3	$	1,133.5
Asia	45.7		44.4		22.7		36.4		149.2
Europe	126.3		33.8		100.3		12.9		273.3
Rest-of-World	46.1		15.3		22.0		10.4		93.8
Total	$	640.7	$	461.3	$	419.8	$	128.0	$	1,649.8
September 30, 2022	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
North America	$	321.9	$	451.3	$	138.3	$	79.9	$	991.4
Asia	38.2		49.5		4.9		44.8		137.4
Europe	54.5		46.1		37.6		11.7		149.9
Rest-of-World	1.0		22.2		11.8		11.6		46.6
Total	$	415.6	$	569.1	$	192.6	$	148.0	$	1,325.3

	Nine Months Ended
September 30, 2023	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
North America	$	1,206.8	$	1,094.4	$	726.8	$	211.8	$	3,239.8
Asia	114.1		133.1		50.7		113.9		411.8
Europe	299.8		118.3		251.2		44.0		713.3
Rest-of-World	133.1		45.1		67.4		32.0		277.6
Total	$	1,753.8	$	1,390.9	$	1,096.1	$	401.7	$	4,642.5
September 30, 2022	Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems		Total
North America	$	907.9	$	1,360.7	$	418.6	$	224.0	$	2,911.2
Asia	102.5		154.5		13.4		121.8		392.2
Europe	174.8		140.4		118.3		37.3		470.8
Rest-of-World	68.8		76.1		20.7		33.4		199.0
Total	$	1,254.0	$	1,731.7	$	571.0	$	416.5	$	3,973.2

Schedule of Percentage Distribution between Major Classes of Inventory

The following table presents approximate percentage distribution between major classes of inventories (percentages as of September 30, 2023 exclude inventories of the industrial motors and generators businesses which have been reclassified to Assets Held for Sale):

	September 30, 2023	December 31, 2022
Raw Material and Work in Process	65.1%	57.0%
Finished Goods and Purchased Parts	34.9%	43.0%

Schedule of Property, Plant, and Equipment by Major Classification

The following table presents property, plant, and equipment by major classification:

	Useful Life in Years	September 30, 2023		December 31, 2022
Land and Improvements		$	139.5	$	103.4
Buildings and Improvements	3 - 50	434.6		401.7
Machinery and Equipment	3 - 15	1,216.9		1,111.3
Property, Plant and Equipment		1,791.0		1,616.4
Less: Accumulated Depreciation		(735.4)		(809.4)
Net Property, Plant and Equipment		$	1,055.6	$	807.0