RESTRUCTURING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

Schedule Of Restructuring Reserve

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 Ended				Nine Months Ended
	September 30, 2023		September 30, 2022		September 30, 2023		September 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/ Other	4.6		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.

Schedule of Reconciliation Of Expenses By Type

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, 2023						September 30, 2022
Restructuring Costs:	Cost of Sales		Operating Expenses		Total		Cost of Sales		Operating Expenses		Total
Employee Termination Expenses	$	0.4	$	2.0	$	2.4	$	13.4	$	1.2	$	14.6
Facility Related Costs	9.4		0.1		9.5		5.9		0.1		6.0
Other Expenses	2.8		(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, 2023						September 30, 2022
Restructuring Costs:	Cost of Sales		Operating Expenses		Total		Cost of Sales		Operating Expenses		Total
Employee Termination Expenses	$	10.1	$	4.9	$	15.0	$	19.6	$	3.8	$	23.4
Facility Related Costs	12.4		0.3		12.7		11.9		0.6		12.5
Other Expenses	5.9		—		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 Ended	Total		Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial 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 Ended	Total		Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial 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