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Segment Information (Schedule of Financial Information Attributable To The Reporting Segments) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Jan. 01, 2022
Segment Reporting Information [Line Items]      
Net sales $ 6,250.7 $ 5,217.9 $ 3,810.3
Gross Profit 2,067.3 1,669.7 1,111.6
Operating Expenses 1,537.4 978.4 714.7
Goodwill Impairment 57.3 0.0 33.0
Asset Impairments 7.8 0.9 5.6
Loss on Assets Held for Sale 87.7    
Total Operating Expenses 1,690.2 979.3 753.3
Income (Loss) from Operations 377.1 690.4 358.3
Depreciation and Amortization 492.8 307.4 170.6
Capital Expenditures 119.1 83.8 54.5
Industrial Powertrain Solutions      
Segment Reporting Information [Line Items]      
Net sales 2,403.5 1,666.3 871.7
Goodwill Impairment 0.0    
Power Efficiency Solutions      
Segment Reporting Information [Line Items]      
Net sales 1,808.9 2,227.2 2,062.7
Goodwill Impairment 0.0    
Automation & Motion Control      
Segment Reporting Information [Line Items]      
Net sales 1,516.8 772.3 361.7
Goodwill Impairment 0.0    
Industrial Systems      
Segment Reporting Information [Line Items]      
Net sales 521.5 552.1 514.2
Goodwill Impairment 57.3    
Intersegment Eliminations      
Segment Reporting Information [Line Items]      
Net sales 56.1 35.4 20.8
Intersegment Eliminations | Industrial Powertrain Solutions      
Segment Reporting Information [Line Items]      
Net sales (14.9) (7.3) (4.2)
Intersegment Eliminations | Power Efficiency Solutions      
Segment Reporting Information [Line Items]      
Net sales (17.7) (10.4) (10.9)
Intersegment Eliminations | Automation & Motion Control      
Segment Reporting Information [Line Items]      
Net sales (20.9) (15.8) (3.7)
Intersegment Eliminations | Industrial Systems      
Segment Reporting Information [Line Items]      
Net sales (2.6) (1.9) (2.0)
Operating Segments | Industrial Powertrain Solutions      
Segment Reporting Information [Line Items]      
Net sales 2,418.4 1,673.6 875.9
Gross Profit 844.1 653.8 311.6
Operating Expenses 689.8 410.7 268.5
Goodwill Impairment 0.0   0.0
Asset Impairments 2.5 0.9 0.5
Loss on Assets Held for Sale 0.0    
Total Operating Expenses 692.3 411.6 269.0
Income (Loss) from Operations 151.8 242.2 42.6
Depreciation and Amortization 273.2 169.0 89.5
Capital Expenditures 41.3 18.8 11.1
Operating Segments | Power Efficiency Solutions      
Segment Reporting Information [Line Items]      
Net sales 1,826.6 2,237.6 2,073.6
Gross Profit 524.9 611.1 586.5
Operating Expenses 306.0 284.2 276.6
Goodwill Impairment 0.0   0.0
Asset Impairments 1.5 0.0 2.3
Loss on Assets Held for Sale 0.0    
Total Operating Expenses 307.5 284.2 278.9
Income (Loss) from Operations 217.4 326.9 307.6
Depreciation and Amortization 51.3 46.9 46.4
Capital Expenditures 35.0 41.9 29.5
Operating Segments | Automation & Motion Control      
Segment Reporting Information [Line Items]      
Net sales 1,537.7 788.1 365.4
Gross Profit 582.4 274.8 124.8
Operating Expenses 440.0 196.6 88.5
Goodwill Impairment 0.0   0.0
Asset Impairments 3.4 0.0 2.8
Loss on Assets Held for Sale 0.0    
Total Operating Expenses 443.4 196.6 91.3
Income (Loss) from Operations 139.0 78.2 33.5
Depreciation and Amortization 158.2 78.0 11.9
Capital Expenditures 34.6 11.2 4.6
Operating Segments | Industrial Systems      
Segment Reporting Information [Line Items]      
Net sales 524.1 554.0 516.2
Gross Profit 115.9 130.0 88.7
Operating Expenses 101.6 86.9 81.1
Goodwill Impairment 57.3   33.0
Asset Impairments 0.4 0.0 0.0
Loss on Assets Held for Sale 87.7    
Total Operating Expenses 247.0 86.9 114.1
Income (Loss) from Operations (131.1) 43.1 (25.4)
Depreciation and Amortization 10.1 13.5 22.8
Capital Expenditures $ 8.2 $ 11.9 $ 9.3