v3.26.3
SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information Attributable to the Reporting Segments
The following sets forth certain financial information attributable to the Company's reportable segments for the three and nine months ended September 30, 2026 and September 30, 2025:

Three Months Ended
September 30, 2026Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsEliminationsTotal
Total Sales$503.4 $652.0 $438.6 $(6.0)$1,588.0 
Intersegment Sales2.8 2.5 0.7 (6.0)— 
Net Sales(1)
500.6 649.5 437.9 — 1,588.0 
Adjusted Cost of Sales(2)
324.1 374.8 297.7 996.6 
Adjusted Engineering, Selling and Administration Expenses(3)
98.0 130.0 65.5 293.5 
Other Segment Items(4)
159.8 56.1 0.6 216.5 
(Loss) Income from Operations(81.3)88.6 74.1 81.4 
Interest Expense77.0 
Interest Income(6.5)
Other Expense, Net0.3 
Income before Taxes10.6 
Other Supplemental Disclosures
Amortization35.2 51.1 0.6 86.9 
Depreciation11.2 15.6 8.6 35.4 
Other significant noncash items:
     Goodwill Impairment119.3 — — 119.3 
Capital Expenditures9.8 10.4 5.9 26.1 

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 
Nine Months Ended
September 30, 2026Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsEliminationsTotal
Total Sales$1,446.6 $1,974.7 $1,224.3 $(20.1)$4,625.5 
Intersegment Sales11.2 7.5 1.4 (20.1)— 
Net Sales(1)
1,435.4 1,967.2 1,222.9 — 4,625.5 
Adjusted Cost of Sales(2)
921.3 1,134.8 823.3 2,879.4 
Adjusted Engineering, Selling and Administration Expenses(3)
289.1 401.1 203.2 893.4 
Other Segment Items(4)
226.3 165.8 11.3 403.4 
(Loss) Income from Operations(1.3)265.5 185.1 449.3 
Interest Expense234.9 
Interest Income(17.3)
Other Expense, Net0.9 
Income before Taxes230.8 
Other Supplemental Disclosures
Amortization104.5 153.5 1.9 259.9 
Depreciation35.7 48.9 26.6 111.2 
Other significant noncash items:
     Goodwill Impairment119.3 — — 119.3 
Capital Expenditures23.7 26.0 16.3 66.0 

Nine Months Ended
September 30, 2025Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsEliminationsTotal
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)
80.7 161.7 5.3 247.7 
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 
(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, 2026 and December 31, 2025:

Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
Identifiable Assets as of September 30, 2026$4,486.9 $7,172.9 $1,929.0 $13,588.8 
Identifiable Assets as of December 31, 20254,598.6 7,389.1 1,933.3 13,921.0