OTHER FINANCIAL INFORMATION (Disaggregation of Revenue) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Net Sales	$ 1,649.8	$ 1,325.3	$ 4,642.5	$ 3,973.2
Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	640.7	415.6	1,753.8	1,254.0
Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	461.3	569.1	1,390.9	1,731.7
Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	419.8	192.6	1,096.1	571.0
Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	128.0	148.0	401.7	416.5
North America
Disaggregation of Revenue [Line Items]
Net Sales	1,133.5	991.4	3,239.8	2,911.2
North America | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	422.6	321.9	1,206.8	907.9
North America | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	367.8	451.3	1,094.4	1,360.7
North America | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	274.8	138.3	726.8	418.6
North America | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	68.3	79.9	211.8	224.0
Asia
Disaggregation of Revenue [Line Items]
Net Sales	149.2	137.4	411.8	392.2
Asia | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	45.7	38.2	114.1	102.5
Asia | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	44.4	49.5	133.1	154.5
Asia | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	22.7	4.9	50.7	13.4
Asia | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	36.4	44.8	113.9	121.8
Europe
Disaggregation of Revenue [Line Items]
Net Sales	273.3	149.9	713.3	470.8
Europe | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	126.3	54.5	299.8	174.8
Europe | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	33.8	46.1	118.3	140.4
Europe | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	100.3	37.6	251.2	118.3
Europe | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	12.9	11.7	44.0	37.3
Rest-of-World
Disaggregation of Revenue [Line Items]
Net Sales	93.8	46.6	277.6	199.0
Rest-of-World | Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	46.1	1.0	133.1	68.8
Rest-of-World | Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	15.3	22.2	45.1	76.1
Rest-of-World | Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	22.0	11.8	67.4	20.7
Rest-of-World | Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	$ 10.4	$ 11.6	$ 32.0	$ 33.4