GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

As required, the Company performs an annual impairment test of goodwill as of the end of October, or more frequently if events or circumstances change that would more likely than not reduce the fair value of its reporting units below their carrying value.

The following table presents changes to goodwill during the six months ended June 30, 2025:


	Automation & Motion Control		Industrial Powertrain Solutions		Power Efficiency Solutions		Total








Balance as of December 31, 2024	$	2,012.5	$	3,697.2	$	749.2	$	6,458.9




Translation Adjustments	63.4		77.9		7.4		148.7
Balance as of June 30, 2025	$	2,075.9	$	3,775.1	$	756.6	$	6,607.6
Cumulative Goodwill Impairment Charges	$	5.1	$	18.1	$	200.4	$	223.6

Intangible Assets

Intangible assets consist of the following:


		June 30, 2025						December 31, 2024
	Weighted Average Amortization Period (Years)	Gross Value		Accumulated Amortization		Net Carrying Amount		Gross Value		Accumulated Amortization		Net Carrying Amount
Customer Relationships	15	$	3,992.7	$	1,062.6	$	2,930.1	$	3,892.8	$	915.1	$	2,977.7
Technology	13	300.0		120.7		179.3		293.0		109.0		184.0
Trademarks	10	704.7		221.9		482.8		692.3		189.4		502.9



Total Intangibles		$	4,997.4	$	1,405.2	$	3,592.2	$	4,878.1	$	1,213.5	$	3,664.6

Amortization expense recorded for the three and six months ended June 30, 2025 was $86.8 million and $172.2 million, respectively. Amortization expense recorded for the three and six months ended June 30, 2024 was $86.5 million and $173.2 million, respectively.