v3.25.2
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Reportable Segments
The following sets forth certain financial information attributable to the Company's reportable segments for the three and six months ended June 30, 2025 and June 30, 2024:

Segment Information
Three Months Ended
June 30, 2025Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsEliminationsTotal
Total Sales$414.6 $653.8 $435.4 $(7.7)$1,496.1 
Intersegment Sales3.5 4.0 0.2 (7.7)— 
Net Sales(1)
411.1 649.8 435.2 — 1,496.1 
Adjusted Cost of Sales(2)
262.4 371.5 304.2 938.1 
Adjusted Engineering, Selling and Administration Expenses(3)
91.7 129.0 67.8 288.5 
Other Segment Items(4)
26.6 56.9 3.7 87.2 
Income from Operations30.4 92.4 59.5 182.3 
Interest Expense85.3 
Interest Income(5.1)
Other Expense, Net0.9 
Income before Taxes101.2 
Other Supplemental Disclosures
Amortization34.5 50.6 1.7 86.8 
Depreciation11.0 15.7 8.8 35.5 
Capital Expenditures10.3 14.1 5.8 30.2 
Segment Information
Three Months Ended
June 30, 2024Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsEliminationsTotal
Total Sales$427.5 $677.3 $411.5 $39.2 $(7.9)$1,547.6 
Intersegment Sales5.3 1.8 0.6 0.2 (7.9)— 
Net Sales(1)
422.2 675.5 410.9 39.0 — 1,547.6 
Adjusted Cost of Sales(2)
260.7 404.2 286.4 31.3 982.6 
Adjusted Engineering, Selling and Administration Expenses(3)
87.8 122.9 71.1 8.0 289.8 
Other Segment Items(4)
31.9 58.6 8.3 (17.5)81.3 
Income from Operations41.8 89.8 45.1 17.2 193.9 
Interest Expense101.7 
Interest Income(5.0)
Other Expense, Net0.3 
Income before Taxes96.9 
Other Supplemental Disclosures
Amortization34.2 50.2 2.1 — 86.5 
Depreciation11.4 20.5 8.5 0.1 40.5 
Other significant noncash items:
     Gain on Sale of Businesses— — — (17.2)(17.2)
Capital Expenditures6.5 14.3 7.4 4.2 32.4 

Segment Information
Six Months Ended
June 30, 2025Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsEliminationsTotal
Total Sales$814.3 $1,270.0 $844.8 $(14.9)$2,914.2 
Intersegment Sales6.9 7.5 0.5 (14.9)— 
Net Sales(1)
807.4 1,262.5 844.3 — 2,914.2 
Adjusted Cost of Sales(2)
508.1 724.2 601.4 1,833.7 
Adjusted Engineering, Selling and Administration Expenses(3)
180.5 254.5 135.0 570.0 
Other Segment Items(4)
53.3109.75.5168.5 
Income from Operations65.5 174.1 102.4 342.0 
Interest Expense175.5 
Interest Income(9.3)
Other Expense, Net1.6 
Income before Taxes174.2 
Other Supplemental Disclosures
Amortization68.4 100.5 3.3 172.2 
Depreciation22.6 35.3 17.7 75.6 
Capital Expenditures16.3 22.3 8.4 47.0 
Segment Information
Six Months Ended
June 30, 2024Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsEliminationsTotal
Total Sales$832.2 $1,323.7 $801.9 $158.2 $(20.7)$3,095.3 
Intersegment Sales9.8 4.7 5.7 0.5 (20.7)— 
Net Sales(1)
822.4 1,318.9 796.2 157.8 — 3,095.3 
Adjusted Cost of Sales(2)
510.1 788.4 574.8 119.9 1,993.2 
Adjusted Engineering, Selling and Administration Expenses(3)
172.0 246.8 138.6 29.2 586.6 
Other Segment Items(4)
58.3 111.8 9.2 8.4 187.7 
Income from Operations82.0 171.9 73.6 0.3 327.8 
Interest Expense207.1 
Interest Income(8.1)
Other Expense, Net0.6 
Income before Taxes128.2 
Other Supplemental Disclosures
Amortization68.6 100.2 4.2 0.2 173.2 
Depreciation22.9 40.7 18.0 0.4 82.0 
Other significant noncash items:
     Loss on Sale of Businesses— — — 4.3 4.3 
Capital Expenditures12.4 23.1 11.1 4.3 50.9 

(1) Represents revenues from external customers.
(2) Adjusted Cost of Sales includes costs associated with producing goods for sale, such as materials, labor and overhead costs, and intercompany cost of sales. Adjusted Cost of Sales differs from Cost of Sales reported under US GAAP primarily because it includes intercompany cost of sales and excludes certain costs, primarily restructuring and related expenses. The difference is included in Other Segment Items.
(3) Adjusted Engineering, Selling and Administration Expenses includes operating expenses such as engineering, selling and administration expenses, as well as hedging, foreign currency gains and losses and certain overhead expenses. Adjusted Engineering, Selling and Administration Expenses differs from Operating Expenses reported under US GAAP primarily because it excludes costs such as significant noncash items, restructuring and related costs, and transaction and integration related costs. The difference is included in Other Segment Items.
(4) Other Segment Items includes other significant noncash items, intangible amortization, as well as restructuring and related costs, transaction and integration related costs, certain overhead expenses and the elimination of intercompany cost of sales.

The following table presents identifiable assets information attributable to the Company's operating segments as of June 30, 2025 and December 31, 2024:

Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
Identifiable Assets as of June 30, 2025$4,559.9 $7,542.0 $1,800.8 $13,902.7 
Identifiable Assets as of December 31, 20244,642.4 7,528.8 1,862.5 14,033.7