RESTRUCTURING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2024

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 months ended March 31, 2024 and March 31, 2023:

	Three Months Ended
	March 31, 2024		March 31, 2023
Beginning Balance	$	29.1	$	15.1
Acquisition(1)	—		0.2
Provision(2)	7.8		5.0
Less: Payments	16.1		10.2
Ending Balance	$	20.8	$	10.1

(1) Excludes $12.4 million of severance related to the Altra Transaction, which was paid in the second quarter 2023.

(2) Excludes $1.5 million of equipment related write-offs incurred in the first quarter of 2024.

Schedule of Reconciliation Of Expenses By Type

The following table presents a reconciliation of restructuring costs for restructuring projects for the three months ended March 31, 2024 and March 31, 2023:

	Three Months Ended
	March 31, 2024						March 31, 2023
Restructuring Costs:	Cost of Sales		Operating Expenses		Total		Cost of Sales		Operating Expenses		Total
Employee Termination Expenses	$	4.1	$	0.7	$	4.8	$	2.3	$	0.6	$	2.9
Facility Related Costs	2.7		—		2.7		0.9		—		0.9
Other Expenses	1.6		0.2		1.8		1.2		—		1.2
Total Restructuring Costs	$	8.4	$	0.9	$	9.3	$	4.4	$	0.6	$	5.0

The following table presents restructuring costs by segment for the three months ended March 31, 2024 and March 31, 2023:

Restructuring Costs - Three Months Ended	Total		Industrial Powertrain Solutions		Power Efficiency Solutions		Automation & Motion Control		Industrial Systems
March 31, 2024	$	9.3	$	3.1	$	4.9	$	1.2	$	0.1
March 31, 2023	$	5.0	$	(0.4)	$	4.7	$	0.5	$	0.2