v3.25.2
RESTRUCTURING ACTIVITIES (Tables)
 6 Months Ended
Jun. 30, 2025
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 and six months ended June 30, 2025 and June 30, 2024:
Three Months EndedSix Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Beginning Balance$15.9 $20.8 $16.3 $29.1 
Provision(1)
5.3 9.9 14.0 18.0 
Less: Payments7.3 14.0 16.4 30.4 
Ending Balance$13.9 $16.7 $13.9 $16.7 

(1) Excludes equipment related write-offs and restructuring related depreciation adjustments
Schedule of Reconciliation Of Expenses By Type
The following table presents a reconciliation of restructuring costs for restructuring projects for the three and six months ended June 30, 2025 and June 30, 2024:
Three Months Ended
June 30, 2025June 30, 2024
Restructuring Costs:Cost of SalesOperating ExpensesTotalCost of SalesOperating ExpensesTotal
Employee Termination Expenses$1.3 $2.5 $3.8 $1.7 $2.0 $3.7 
Facility Related Costs1.7 0.3 2.0 0.2 0.5 0.7 
Other Expenses— (0.5)(0.5)3.7 1.2 4.9 
  Total Restructuring Costs$3.0 $2.3 $5.3 $5.6 $3.7 $9.3 
Six Months Ended
June 30, 2025June 30, 2024
Restructuring Costs:Cost of SalesOperating ExpensesTotalCost of SalesOperating ExpensesTotal
Employee Termination Expenses$4.2 $6.3 $10.5 $5.8 $3.0 $8.8 
Facility Related Costs3.6 0.7 4.3 2.9 0.5 3.4 
Other Expenses0.5 (0.2)0.3 5.3 1.3 6.6 
  Total Restructuring Costs$8.3 $6.8 $15.1 $14.0 $4.8 $18.8 
The following table presents restructuring costs by segment for the three and six months ended June 30, 2025 and June 30, 2024:
Restructuring Costs - Three Months EndedAutomation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsTotal
June 30, 2025$0.5 $4.4 $0.4 $— $5.3 
June 30, 2024$1.9 $1.9 $4.6 $0.9 $9.3 
Restructuring Costs - Six Months EndedAutomation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsTotal
June 30, 2025$1.1 $13.2 $0.8 $— $15.1 
June 30, 2024$3.2 $5.1 $9.5 $1.0 $18.8