SEGMENT INFORMATION (Details) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2023 USD ($)	Mar. 31, 2023 segment	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) segment	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment		4		4
Total Sales	$ 1,649.8		$ 1,325.3	$ 4,642.5	$ 3,973.2
Gross Profit	542.2		407.7	1,504.1	1,263.1
Operating Expenses	388.9		233.8	1,127.9	724.4
Goodwill Impairment	57.3		0.0	57.3	0.0
Asset Impairments	3.7		0.0	6.1	0.0
Loss on Assets Held for Sale	112.7		0.0	112.7	0.0
Total Operating Expenses	562.6		233.8	1,304.0	724.4
Income (Loss) from Operations	(20.4)		173.9	200.1	538.7
Depreciation and Amortization	140.9		74.1	354.4	230.4
Capital Expenditures	25.2		22.0	88.7	54.6
Assets	15,365.0			15,365.0		$ 10,268.9
Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales	640.7		415.6	1,753.8	1,254.0
Goodwill Impairment				0.0
Assets	7,969.8			7,969.8		5,028.5
Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales	461.3		569.1	1,390.9	1,731.7
Goodwill Impairment				0.0
Assets	2,043.4			2,043.4		2,234.1
Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales	419.8		192.6	1,096.1	571.0
Goodwill Impairment				0.0
Assets	4,888.4			4,888.4		2,202.2
Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	128.0		148.0	401.7	416.5
Goodwill Impairment				57.3
Assets	463.4			463.4		$ 804.1
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total Sales	11.5		10.8	39.6	27.2
Intersegment Eliminations | Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales	(3.6)		(1.9)	(11.5)	(5.3)
Intersegment Eliminations | Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales	(3.1)		(2.9)	(10.8)	(8.0)
Intersegment Eliminations | Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales	(4.2)		(5.6)	(15.3)	(12.5)
Intersegment Eliminations | Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	(0.6)		(0.4)	(2.0)	(1.4)
Operating Segments | Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales	644.3		417.5	1,765.3	1,259.3
Gross Profit	215.8		169.7	617.6	491.7
Operating Expenses	175.1		97.8	510.5	304.7
Goodwill Impairment	0.0			0.0
Asset Impairments	1.3			1.6
Loss on Assets Held for Sale	0.0			0.0
Total Operating Expenses	176.4		97.8	512.1	304.7
Income (Loss) from Operations	39.4		71.9	105.5	187.0
Depreciation and Amortization	75.9		41.6	191.9	128.3
Capital Expenditures	5.8		4.3	30.9	11.8
Operating Segments | Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales	464.4		572.0	1,401.7	1,739.7
Gross Profit	138.0		139.4	389.5	473.6
Operating Expenses	71.5		68.5	217.8	212.3
Goodwill Impairment	0.0			0.0
Asset Impairments	1.5			1.5
Loss on Assets Held for Sale	0.0			0.0
Total Operating Expenses	73.0		68.5	219.3	212.3
Income (Loss) from Operations	65.0		70.9	170.2	261.3
Depreciation and Amortization	15.8		11.6	39.3	35.5
Capital Expenditures	8.1		12.4	25.2	30.1
Operating Segments | Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales	424.0		198.2	1,111.4	583.5
Gross Profit	161.2		64.3	412.8	197.9
Operating Expenses	117.6		45.0	323.7	144.1
Goodwill Impairment	0.0			0.0
Asset Impairments	0.5			2.6
Loss on Assets Held for Sale	0.0			0.0
Total Operating Expenses	118.1		45.0	326.3	144.1
Income (Loss) from Operations	43.1		19.3	86.5	53.8
Depreciation and Amortization	46.1		17.8	113.4	56.4
Capital Expenditures	9.8		1.3	27.2	4.6
Operating Segments | Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	128.6		148.4	403.7	417.9
Gross Profit	27.2		34.3	84.2	99.9
Operating Expenses	24.7		22.5	75.9	63.3
Goodwill Impairment	57.3			57.3
Asset Impairments	0.4			0.4
Loss on Assets Held for Sale	112.7			112.7
Total Operating Expenses	195.1		22.5	246.3	63.3
Income (Loss) from Operations	(167.9)		11.8	(162.1)	36.6
Depreciation and Amortization	3.1		3.1	9.8	10.2
Capital Expenditures	$ 1.5		$ 4.0	$ 5.4	$ 8.1