v3.26.3
RESTRUCTURING ACTIVITIES (Tables)
9 Months Ended
Sep. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Reserve
The following table presents a reconciliation of provisions and payments for the restructuring projects for the three and nine months ended September 30, 2026 and September 30, 2025:
Three Months EndedNine Months Ended
September 30, 2026September 30, 2025September 30, 2026September 30, 2025
Beginning Balance$8.4 $13.9 $8.7 $16.3 
Provision(1)
9.2 8.1 23.6 22.1 
Less: Payments5.8 7.8 20.5 24.2 
Ending Balance$11.8 $14.2 $11.8 $14.2 
(1)
Excludes equipment related write-offs and restructuring related depreciation adjustments.
Schedule of Reconciliation Of Expenses By Type
The following table is a reconciliation of expenses by type for restructuring projects for the three and nine months ended September 30, 2026 and September 30, 2025:
Three Months Ended
September 30, 2026September 30, 2025
Cost of SalesOperating ExpensesTotalCost of SalesOperating ExpensesTotal
Severance Expense$6.1 $2.6 $8.7 $2.6 $3.2 $5.8 
Facility Related Costs0.3 0.2 0.5 1.1 1.4 2.5 
Other Expenses0.1 0.2 0.3 0.1 0.4 0.5 
  Total Restructuring Costs$6.5 $3.0 $9.5 $3.8 $5.0 $8.8 
Nine Months Ended
September 30, 2026September 30, 2025
Cost of SalesOperating ExpensesTotalCost of SalesOperating ExpensesTotal
Severance Expense$13.8 $6.0 $19.8 $6.8 $9.5 $16.3 
Facility Related Costs2.7 1.2 3.9 4.7 2.1 6.8 
Other Expenses0.5 0.2 0.7 0.6 0.2 0.8 
  Total Restructuring Costs$17.0 $7.4 $24.4 $12.1 $11.8 $23.9 
The following table shows the allocation of Restructuring Expenses by segment for the three and nine months ended September 30, 2026 and September 30, 2025:
Three Months EndedAutomation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
September 30, 2026$6.7 $2.1 $0.7 $9.5 
September 30, 20252.1 5.2 1.5 8.8 
Nine Months EndedAutomation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
September 30, 2026$8.2 $9.7 $6.5 $24.4 
September 30, 20253.2 18.4 2.3 23.9