v3.26.3
OTHER FINANCIAL INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Contract Assets and Contract Liabilities
The following table presents contract assets and contract liabilities as of September 30, 2026 and December 31, 2025:
Current Contract AssetsCurrent Contract Liabilities
Balance as of September 30, 2026$136.1 $24.3 
Balance as of December 31, 202583.5 34.5 
Schedule of Disaggregation of Revenue
The following tables present the Company’s revenues disaggregated by geographical region:
Three Months Ended
September 30, 2026Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
North America$361.9 $419.5 $332.1 $1,113.5 
Asia24.1 48.2 63.6 135.9 
Europe93.9 127.2 30.3 251.4 
Rest-of-World20.7 54.6 11.9 87.2 
Total$500.6 $649.5 $437.9 $1,588.0 
Three Months Ended
September 30, 2025Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
North America$268.0 $448.0 $341.8 $1,057.8 
Asia24.3 40.4 43.5 108.2 
Europe93.7 125.2 32.9 251.8 
Rest-of-World16.0 48.7 14.5 79.2 
Total$402.0 $662.3 $432.7 $1,497.0 
Nine Months Ended
September 30, 2026Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
North America$1,017.2 $1,287.8 $910.7 $3,215.7 
Asia67.5 139.1 175.3 381.9 
Europe293.5 384.7 100.8 779.0 
Rest-of-World57.2 155.6 36.1 248.9 
Total$1,435.4 $1,967.2 $1,222.9 $4,625.5 
Nine Months Ended
September 30, 2025Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
North America$799.7 $1,295.1 $1,012.6 $3,107.4 
Asia78.6 118.7 123.8 321.1 
Europe276.1 371.5 102.7 750.3 
Rest-of-World55.0 139.5 37.9 232.4 
Total$1,209.4 $1,924.8 $1,277.0 $4,411.2 
Schedule of Percentage Distribution between Major Classes of Inventory
The following table presents approximate percentage distribution between major classes of inventories (percentages as of September 30, 2026 exclude inventories which have been reclassified to Assets Held for Sale):
September 30, 2026December 31, 2025
Raw Material and Work in Process60.8%63.4%
Finished Goods and Purchased Parts39.2%36.6%
Schedule of Property, Plant, and Equipment by Major Classification
The following table presents property, plant, and equipment by major classification:
Useful Life in YearsSeptember 30, 2026December 31, 2025
Land and Improvements$127.4 $130.6 
Buildings and Improvements
3 - 50
431.8 434.8 
Machinery and Equipment
3 - 15
1,350.7 1,314.8 
Property, Plant and Equipment1,909.9 1,880.2 
Less: Accumulated Depreciation(1,056.7)(968.4)
Net Property, Plant and Equipment$853.2 $911.8