v3.26.1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting
Reportable Business Segments
Three months ended June 30, 2026
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$2,078.4 $935.4 $710.5 $3,724.3 
Intersegment sales7.6 215.5 226.9 450.0 
Net Sales2,070.8 719.9 483.6 3,274.3 
Significant segment expenses
Cost of sales(1)
1,208.1 539.0 277.3 2,024.4 
Marketing, sales and service costs126.7 33.7 30.8 191.2 
Engineering, research and development costs86.4 29.1 24.4 139.9 
Information technology costs30.7 17.0 10.1 57.8 
Other segment items(2)
47.5 5.5 16.8 69.8 
Operating profit (loss)571.4 95.6 124.2 791.2 
Foreign currency gain (loss)(3.9)
Corporate
(75.7)
Total corporate and other(79.6)
Amortization of intangibles(73.7)
Operating profit (loss)637.9 
(1)    Cost of sales exclusive of engineering, research and development costs.
(2)    Other segment expenses mostly consist of general and administrative expenses such as Finance, Human Resources, Treasury and Legal costs.
Three months ended June 30, 2025
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$1,609.9 $615.5 $615.2 $2,840.6 
Intersegment sales7.6 55.3 139.6 202.5 
Net Sales1,602.3 560.2 475.6 2,638.1 
Significant segment expenses
Cost of sales(1)
1,021.1 413.7 294.9 1,729.7 
Marketing, sales and service costs88.8 34.7 22.6 146.1 
Engineering, research and development costs55.3 29.0 26.8 111.1 
Information technology costs20.6 12.3 7.6 40.5 
Restructuring costs0.6 0.9 0.3 1.8 
Other segment items(2)
31.3 10.4 19.2 60.9 
Operating profit (loss)384.6 59.2 104.2 548.0 
Foreign currency gain (loss)(2.3)
Corporate(56.4)
Total corporate and other(58.7)
Amortization of intangibles(46.9)
Operating profit (loss)$442.4 
(1)    Cost of sales exclusive of engineering, research and development costs.
(2)    Other segment expenses mostly consist of general and administrative expenses such as Finance, Human Resources, Treasury and Legal costs.
Six months ended June 30, 2026
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$3,900.8 $1,566.1 $1,205.4 $6,672.3 
Intersegment sales15.6 332.5 400.4 748.5 
Net Sales3,885.2 1,233.6 805.0 5,923.8 
Significant segment expenses
Cost of sales(1)
2,286.5 901.5 473.6 3,661.6 
Marketing, sales and service costs221.4 66.0 58.3 345.7 
Engineering, research and development costs162.0 56.3 47.4 265.7 
Information technology costs57.5 31.6 18.7 107.8 
Restructuring costs0.1 — (5.0)(4.9)
Other segment items(2)
96.1 15.2 34.3 145.6 
Operating profit (loss)1,061.6 163.0 177.7 1,402.3 
Foreign currency gain (loss)(2.3)
Corporate(170.7)
Total corporate and other(173.0)
Amortization of intangibles(151.3)
Operating profit (loss)1,078.0 
(1)    Cost of sales exclusive of engineering, research and development costs.
(2)    Other segment expenses mostly consist of general and administrative expenses such as Finance, Human Resources, Treasury and Legal costs.
Six months ended June 30, 2025
AmericasAsia PacificEurope, Middle East & AfricaTotal
Sales$2,807.1 $1,101.6 $1,143.5 $5,052.2 
Intersegment sales19.5 94.2 264.4 378.1 
Net Sales2,787.6 1,007.4 879.1 4,674.1 
Significant segment expenses
Cost of sales(1)
1,783.2 738.5 546.9 3,068.6 
Marketing, sales and service costs154.0 63.5 46.8 264.3 
Engineering, research and development costs105.6 54.0 50.1 209.7 
Information technology costs42.5 28.8 17.8 89.1 
Restructuring costs0.7 0.9 0.9 2.5 
Other segment items(2)
57.3 16.8 33.7 107.8 
Operating profit (loss)644.3 104.9 182.9 932.1 
Foreign currency gain (loss)(4.9)
Corporate(101.2)
Total corporate and other(106.1)
Amortization of intangibles(92.9)
Operating profit (loss)$733.1 
(1)    Cost of sales exclusive of engineering, research and development costs.
(2)    Other segment expenses mostly consist of general and administrative expenses such as Finance, Human Resources, Treasury and Legal costs.
Total AssetsJune 30, 2026December 31, 2025
Americas$7,617.0 $5,864.3 
Asia Pacific2,266.8 1,810.7 
Europe, Middle East & Africa3,054.2 2,918.0 
12,938.0 10,593.0 
Corporate and other 2,962.9 1,619.4 
Total$15,900.9 $12,212.4 
Depreciation and AmortizationThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Americas$72.4 $32.9 $138.2 $65.7 
Asia Pacific10.5 9.1 20.5 18.2 
Europe, Middle East & Africa22.8 22.1 45.1 43.1 
Corporate and other10.1 9.2 19.7 17.9 
Total$115.8 $73.3 $223.5 $144.9 
Capital ExpendituresThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Americas$123.4 $21.9 $190.2 $38.1 
Asia Pacific19.5 11.5 40.2 20.9 
Europe, Middle East & Africa19.2 9.8 36.8 16.1 
Corporate and other11.2 1.8 18.7 6.4 
Total$173.3 $45.0 $285.9 $81.5