v3.25.3
SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2025 and September 30, 2024:

Segment Information
Three Months Ended
September 30, 2025Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsEliminationsTotal
Total Sales$404.6 $665.8 $433.3 $(6.7)$1,497.0 
Intersegment Sales2.6 3.5 0.6 (6.7)— 
Net Sales(1)
402.0 662.3 432.7 — 1,497.0 
Adjusted Cost of Sales(2)
258.6 388.3 300.5 947.4 
Adjusted Engineering, Selling and Administration Expenses(3)
93.2 136.0 67.1 296.3 
Other Segment Items(4)
27.5 51.9 (0.5)78.9 
Income from Operations22.7 86.1 65.6 174.4 
Interest Expense87.0 
Interest Income(5.3)
Other Expense, Net0.8 
Income before Taxes91.9 
Other Supplemental Disclosures
Amortization34.6 51.1 1.6 87.3 
Depreciation14.8 17.9 9.2 41.9 
Capital Expenditures7.4 10.0 6.1 23.5 
Segment Information
Three Months Ended
September 30, 2024Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsEliminationsTotal
Total Sales$406.2 $646.2 $432.1 $— $(7.1)$1,477.4 
Intersegment Sales4.6 2.0 0.5 — (7.1)— 
Net Sales(1)
401.6 644.2 431.6 — — 1,477.4 
Adjusted Cost of Sales(2)
252.1 377.3 299.8 0.2 929.4 
Adjusted Engineering, Selling and Administration Expenses(3)
89.6 123.7 69.9 1.0 284.2 
Other Segment Items(4)
28.9 58.7 3.3 (1.2)89.7 
Income from Operations31.0 84.5 58.6 — 174.1 
Interest Expense98.0 
Interest Income(5.1)
Other Income, Net(0.2)
Income before Taxes81.4 
Other Supplemental Disclosures
Amortization33.9 50.9 2.0 — 86.8 
Depreciation12.3 18.9 9.4 — 40.6 
Capital Expenditures7.6 13.7 8.0 — 29.3 

Segment Information
Nine Months Ended
September 30, 2025Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsEliminationsTotal
Total Sales$1,218.9 $1,935.8 $1,278.1 $— $(21.6)$4,411.2 
Intersegment Sales9.5 11.0 1.1 — (21.6)— 
Net Sales(1)
1,209.4 1,924.8 1,277.0 — — 4,411.2 
Adjusted Cost of Sales(2)
766.8 1,112.4 901.8 — 2,781.0 
Adjusted Engineering, Selling and Administration Expenses(3)
273.7 390.5 202.0 — 866.2 
Other Segment Items(4)
80.7161.75.3— 247.7 
Income from Operations88.2 260.2 167.9 — 516.3 
Interest Expense262.5 
Interest Income(14.6)
Other Expense, Net2.4 
Income before Taxes266.0 
Other Supplemental Disclosures
Amortization103.0 151.6 4.9 — 259.5 
Depreciation37.4 53.2 26.9 — 117.5 
Capital Expenditures23.7 32.3 14.5 — 70.5 
Segment Information
Nine Months Ended
September 30, 2024Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsEliminationsTotal
Total Sales$1,237.5 $1,969.8 $1,234.0 $158.3 $(26.9)$4,572.7 
Intersegment Sales13.5 6.7 6.2 0.5 (26.9)— 
Net Sales(1)
1,224.0 1,963.1 1,227.8 157.8 — 4,572.7 
Adjusted Cost of Sales(2)
762.1 1,165.6 874.6 120.1 2,922.4 
Adjusted Engineering, Selling and Administration Expenses(3)
261.6 370.6 208.5 30.2 870.9 
Other Segment Items(4)
87.3 170.5 12.5 7.2 277.5 
Income from Operations113.0 256.4 132.2 0.3 501.9 
Interest Expense305.1 
Interest Income(13.2)
Other Expense, Net0.4 
Income before Taxes209.6 
Other Supplemental Disclosures
Amortization102.5 151.1 6.2 0.2 260.0 
Depreciation35.2 59.6 27.4 0.4 122.6 
Capital Expenditures20.0 36.8 19.1 4.3 80.2 
Other significant noncash items:
     Loss on Sale of Businesses— — — 4.3 4.3 

(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 September 30, 2025 and December 31, 2024:

Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
Identifiable Assets as of September 30, 2025$4,516.8 $7,487.2 $1,870.1 $13,874.1 
Identifiable Assets as of December 31, 20244,642.4 7,528.8 1,862.5 14,033.7