DIVESTITURES |
6 Months Ended |
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Jun. 30, 2025 | |
| Discontinued Operations and Disposal Groups [Abstract] | |
| DIVESTITURES | DIVESTITURES Industrial Systems Divestiture On September 23, 2023, the Company signed an agreement to sell its industrial motors and generators businesses which represented the substantial majority of the Industrial Systems operating segment. The transaction closed on April 30, 2024 for a total purchase price of $444.0 million. The Company recognized a cumulative loss of $95.4 million on the sale of the industrial motors and generators businesses, which was primarily related to foreign currency translation losses that were reclassified out of accumulated other comprehensive income into earnings at the closing of the transaction. For the three and six months ended June 30, 2024, the Company recognized a Gain on Sale of Businesses of $17.2 million and a Loss on Sale of Businesses of $4.3 million, respectively.
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