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GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes to Goodwill
The following table presents changes to goodwill during the three months ended March 31, 2024:
TotalIndustrial Powertrain SolutionsPower Efficiency SolutionsAutomation & Motion Control
Balance as of December 31, 2023$6,553.1 $3,747.0 $753.9 $2,052.2 
Acquisitions(5.1)(5.8)— 0.7 
Translation Adjustments(41.8)(20.1)(2.2)(19.5)
Balance as of March 31, 2024$6,506.2 $3,721.1 $751.7 $2,033.4 
Cumulative Goodwill Impairment Charges(1)
$223.6 $18.1 $200.4 $5.1 
(1) Excludes impairment charges related to Industrial Systems.
Schedule of Finite-Lived Intangible Assets
Intangible assets consist of the following:
 March 31, 2024December 31, 2023
 Weighted Average Amortization Period (Years)Gross ValueAccumulated
Amortization		Net Carrying AmountGross ValueAccumulated
Amortization		Net Carrying Amount
Customer Relationships15$4,000.8 $804.6 $3,196.2 $4,028.5 $746.2 $3,282.3 
Technology13300.3 97.5 202.8 302.6 92.9 209.7 
Trademarks10705.5 138.7 566.8 712.1 120.7 591.4 
Total Intangibles$5,006.6 $1,040.8 $3,965.8 $5,043.2 $959.8 $4,083.4 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets consist of the following:
 March 31, 2024December 31, 2023
 Weighted Average Amortization Period (Years)Gross ValueAccumulated
Amortization		Net Carrying AmountGross ValueAccumulated
Amortization		Net Carrying Amount
Customer Relationships15$4,000.8 $804.6 $3,196.2 $4,028.5 $746.2 $3,282.3 
Technology13300.3 97.5 202.8 302.6 92.9 209.7 
Trademarks10705.5 138.7 566.8 712.1 120.7 591.4 
Total Intangibles$5,006.6 $1,040.8 $3,965.8 $5,043.2 $959.8 $4,083.4 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table presents future estimated annual amortization for intangible assets:
 YearEstimated Amortization
2025$346.8 
2026343.5 
2027343.4 
2028343.4 
2029341.3