GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 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 nine months ended September 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	62.9		76.0		7.4		146.3
Balance as of September 30, 2025	$	2,075.4	$	3,773.2	$	756.6	$	6,605.2
Cumulative Goodwill Impairment Charges	$	5.1	$	18.1	$	200.4	$	223.6

Intangible Assets

Intangible assets consist of the following:


		September 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	$	3,990.1	$	1,125.2	$	2,864.9	$	3,892.8	$	915.1	$	2,977.7
Technology	13	300.2		126.0		174.2		293.0		109.0		184.0
Trademarks	10	718.3		254.8		463.5		692.3		189.4		502.9



Total Intangibles		$	5,008.6	$	1,506.0	$	3,502.6	$	4,878.1	$	1,213.5	$	3,664.6

Amortization expense recorded for the three and nine months ended September 30, 2025 was $87.3 million and $259.5 million, respectively. Amortization expense recorded for the three and nine months ended September 30, 2024 was $86.8 million and $260.0 million, respectively.