Regal Rexnord (RRX) 10-Q9 May 232023 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2023	May 04, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-07283
Entity Registrant Name	REGAL REXNORD CORP
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-0875718
Entity Address, Address Line One	200 State Street
Entity Address, City or Town	Beloit
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53511
City Area Code	608
Local Phone Number	364-8800
Title of 12(b) Security	Common Stock
Trading Symbol	RRX
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		66,278,651
Entity Central Index Key	0000082811
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Net Sales	$ 1,224.1	$ 1,298.5
Cost of Sales	826	876.6
Gross Profit	398.1	421.9
Operating Expenses	329.2	252
Income from Operations	68.9	169.9
Interest Expense	95.4	9
Interest Income	(31.9)	(1.1)
Other Income, Net	(1.4)	(1.3)
Income before Taxes	6.8	163.3
Provision for Income Taxes	12.3	36.2
Net (Loss) Income	(5.5)	127.1
Less: Net Income Attributable to Noncontrolling Interests	0.4	1.5
Net (Loss) Income Attributable to Regal Rexnord Corporation	$ (5.9)	$ 125.6
(Loss) Earnings Per Share Attributable to Regal Rexnord Corporation:
Basic (in dollars per share)	$ (0.09)	$ 1.86
Assuming dilution (in dollars per share)	$ (0.09)	$ 1.85
Weighted Average Number of Shares Outstanding:
Basic (in shares)	66.2	67.4
Assuming dilution (in shares)	66.6	67.9

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net (Loss) Income	$ (5.5)	$ 127.1
Other Comprehensive Income (Loss) Net of Tax:
Foreign Currency Translation Adjustments	34.5	(0.4)
Hedging Activities:
Increase in Fair Value of Hedging Activities, Net of Tax Effects of $5.3 million and $8.3 million for the Three Months Ended March 31, 2023 and March 31, 2022, Respectively	16.8	26.1
Reclassification of Losses (Gains) included in Net Income, Net of Tax Effects of $0.4 million and $(2.0) million for the Three Months Ended March 31, 2023 and March 31, 2022, Respectively	1.3	(6)
Pension and Post Retirement Plans:
Reclassification Adjustments for Pension and Post Retirement Benefits included in Net Income, Net of Tax Effects of $(0.1) million and zero for the Three Months Ended March 31, 2023 and March 31, 2022, Respectively	(0.4)	0.2
Other Comprehensive Income	52.2	19.9
Comprehensive Income	46.7	147
Less: Comprehensive Income Attributable to Noncontrolling Interests	0.7	1.9
Comprehensive Income Attributable to Regal Rexnord Corporation	$ 46	$ 145.1

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Increase in fair value of hedging activities, tax effects	$ 5.3	$ 8.3
Reclassification of losses (gains) included in net income, tax effects	0.4	(2)
Reclassification adjustments for pension and post retirement benefits included in net income, tax effects	$ (0.1)	$ 0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and Cash Equivalents	$ 1,143.3	$ 688.5
Trade Receivables, Less Allowances of $29.7 million and $30.9 million in 2023 and 2022, Respectively	1,028.3	797.4
Inventories	1,732.5	1,336.9
Prepaid Expenses and Other Current Assets	200.4	150.9
Deferred Financing Fees	0	17
Assets Held for Sale	4.6	9.8
Total Current Assets	4,109.1	3,000.5
Net Property, Plant and Equipment	1,214.7	807
Operating Lease Assets	159.3	110.9
Goodwill	6,526.7	4,018.8
Intangible Assets, Net of Amortization	4,414.6	2,229.9
Deferred Income Tax Benefits	47.3	43.9
Other Noncurrent Assets	75.7	57.9
Total Assets	16,547.4	10,268.9
Current Liabilities:
Accounts Payable	666.7	497.7
Dividends Payable	23.2	23.2
Accrued Compensation and Employee Benefits	219	141.1
Other Accrued Expenses	383.5	280
Current Operating Lease Liabilities	39.2	26.4
Current Maturities of Long-Term Debt	74.2	33.8
Total Current Liabilities	1,405.8	1,002.2
Long-Term Debt	7,210.6	1,989.7
Deferred Income Taxes	1,150.8	591.9
Pension and Other Post Retirement Benefits	116.4	97.6
Noncurrent Operating Lease Liabilities	123.2	88.1
Other Noncurrent Liabilities	84.9	76.8
Contingencies (see Note 12 - Contingencies)
Regal Rexnord Corporation Shareholders' Equity:
Common Stock, $0.01 par value, 100.0 million Shares Authorized, 66.3 million and 66.2 million Shares Issued and Outstanding for 2023 and 2022, Respectively	0.7	0.7
Additional Paid-In Capital	4,619.2	4,609.6
Retained Earnings	2,100.9	2,130
Accumulated Other Comprehensive Loss	(300.2)	(352.1)
Total Regal Rexnord Corporation Shareholders' Equity	6,420.6	6,388.2
Noncontrolling Interests	35.1	34.4
Total Equity	6,455.7	6,422.6
Total Liabilities and Equity	$ 16,547.4	$ 10,268.9

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 29.7	$ 30.9
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100	100
Common stock, shares issued (in shares)	66.3	66.2
Common stock, shares outstanding (in shares)	66.3	66.2

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	Total	Common Stock $0.01 Par Value	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests
Beginning balance at Jan. 01, 2022	$ 6,408.2	$ 0.7	$ 4,651.8	$ 1,912.6	$ (195.1)	$ 38.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (Loss) Income	127.1			125.6		1.5
Other Comprehensive Income	19.9				19.5	0.4
Dividends declared	(22.1)			(22.1)
Stock Options Exercised	(1.4)		(1.4)
Stock Repurchase	(114.2)		(25.6)	(88.6)
Share-Based Compensation	6.3		6.3
Ending balance at Mar. 31, 2022	6,423.8	0.7	4,631.1	1,927.5	(175.6)	40.1
Beginning balance at Dec. 31, 2022	6,422.6	0.7	4,609.6	2,130	(352.1)	34.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (Loss) Income	(5.5)			(5.9)		0.4
Other Comprehensive Income	52.2				51.9	0.3
Dividends declared	(23.2)			(23.2)
Stock Options Exercised	(7.5)		(7.5)
Replacement Equity-Based Awards Granted	11.1		11.1
Share-Based Compensation	6		6
Ending balance at Mar. 31, 2023	$ 6,455.7	$ 0.7	$ 4,619.2	$ 2,100.9	$ (300.2)	$ 35.1

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Common stock, par value (in dollars per share)	$ 0.01
Dividends declared, per share (in dollars per share)	$ 0.35	$ 0.33

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (Loss) Income	$ (5.5)	$ 127.1
Adjustments to Reconcile Net (Loss) Income to Net Cash Provided by (Used In) Operating Activities (Net of Acquisitions and Divestitures):
Depreciation	30.2	30.6
Amortization	46.3	47.3
Noncash Lease Expense	7.7	9.9
Share-Based Compensation Expense	21.7	6.3
Financing Fee Expense	23	0.9
Other Non-Cash Changes	0.3	(0.3)
Change in Operating Assets and Liabilities, Net of Acquisitions and Divestitures
Receivables	31.7	(48.2)
Inventories	47.1	(144.3)
Accounts Payable	(18.3)	(2.6)
Current Liabilities and Other	(78)	(32.6)
Net Cash Provided by (Used in) Operating Activities	106.2	(5.9)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Property, Plant and Equipment	(18.7)	(13.4)
Proceeds Received from Sales of Property, Plant and Equipment	6.1	1.4
Business Acquisitions, Net of Cash Acquired	(4,852.9)	(35)
Net Cash Used in Investing Activities	(4,865.5)	(47)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings Under Revolving Credit Facility	893.3	1,340.5
Repayments Under Revolving Credit Facility	(639.5)	(1,122.2)
Proceeds from Short-Term Borrowings	14.1	5.1
Repayments of Short-Term Borrowings	(15.9)	(7)
Proceeds from Long-Term Borrowings	5,532.9	1,036.8
Repayments of Long-Term Borrowings	(500.8)	(1,107.5)
Dividends Paid to Shareholders	(23.2)	(22.3)
Shares Surrendered for Taxes	(8.2)	(2.8)
Proceeds from the Exercise of Stock Options	0.9	1.8
Repurchase of Common Stock	0	(114.2)
Financing Fees Paid	(50)	(4.5)
Net Cash Provided By Financing Activities	5,203.6	3.7
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS	10.5	1.1
Net Increase (Decrease) in Cash and Cash Equivalents	454.8	(48.1)
Cash and Cash Equivalents at Beginning of Period	688.5	672.8
Cash and Cash Equivalents at End of Period	1,143.3	624.7
Cash Paid For:
Interest	75.1	10.1
Income taxes	$ 23	$ 18.8

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
BASIS OF PRESENTATION	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying (a) Condensed Consolidated Balance Sheet of Regal Rexnord Corporation (the “Company”), as of December 31, 2022, which has been derived from audited Consolidated Financial Statements, and (b) unaudited interim Condensed Consolidated Financial Statements as of March 31, 2023 and for the three months ended March 31, 2023 and March 31, 2022, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"), have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. It is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the Consolidated Financial Statements and the Notes thereto included in the Company’s 2022 Annual Report on Form 10-K filed with the SEC on February 24, 2023. In the opinion of management, all adjustments considered necessary for a fair presentation of financial results have been made. Except as otherwise discussed, such adjustments consist of only those of a normal recurring nature. Operating results for the three months ended March 31, 2023 are not necessarily indicative of the results that may be expected for the entire fiscal year ending December 31, 2023. The Condensed Consolidated Financial Statements have been prepared in accordance with GAAP, which requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the Condensed Consolidated Financial Statements and revenues and expenses during the periods reported. Actual results could differ from those estimates. The Company uses estimates in accounting for, among other items, allowance for credit losses; excess and obsolete inventory; share-based compensation; acquisitions; product warranty obligations; pension and post retirement assets and liabilities; derivative fair values; goodwill and other asset impairments; health care reserves; rebates and incentives; litigation claims and contingencies, including environmental matters; and income taxes. The Company accounts for changes to estimates and assumptions when warranted by factually based experience. Effective during the first quarter of 2023, in conjunction with the Altra Transaction (as defined in Note 3 - Acquisitions and Divestitures), the Company realigned its four operating segments with the change to its management structure and operating model following the Altra Transaction. The new operating and reportable segments are: Industrial Powertrain Solutions (IPS), Power Efficiency Solutions (PES), Automation & Motion Control (AMC) and Industrial Systems. Prior period financial information has been reclassified to reflect these new reportable segments. See Note 6 - Segment Information for further information. The results of operations of Altra for the period from the acquisition date to March 31, 2023 were immaterial and will be reflected in the Company’s results for the quarter ended June 30, 2023. The Company’s results of operations for the three months ended March 31, 2023 include transaction-related costs which are recorded in Operating expenses in the Condensed Consolidated Statements of Income. See Note 3 - Acquisitions and Divestitures. Reclassifications Certain prior year amounts have been reclassified in the Condensed Consolidated Statements of Cash Flows to conform to the presentation used for the three months ended March 31, 2023. New Accounting Standards Adopted in 2023 In September 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations . The ASU requires that a buyer in a supplier finance program disclose sufficient information about the program to allow a user of financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. The Company adopted this new accounting guidance during the three months ended March 31, 2023. See Note 2 - Other Financial Information.

OTHER FINANCIAL INFORMATION

OTHER FINANCIAL INFORMATION	3 Months Ended
OTHER FINANCIAL INFORMATION	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
OTHER FINANCIAL INFORMATION	OTHER FINANCIAL INFORMATION Revenue Recognition The Company recognizes revenue from the sale of electric motors, electrical motion controls, power generation, automation and power transmission products and components, factory automation sub-systems, industrial powertrain solutions, air moving products and specialty electrical components and systems. The Company recognizes revenue when control of the product passes to the customer or the service is provided and is recognized at an amount that reflects the consideration expected to be received in exchange for such goods or services. The following tables presents the Company’s revenues disaggregated by geographical region: Three Months Ended March 31, 2023 Industrial Powertrain Solutions Power Efficiency Solutions Automation & Motion Control Industrial Systems Total North America $ 293.2 $ 367.4 $ 141.8 $ 73.7 $ 876.1 Asia 16.5 43.8 1.4 36.7 98.4 Europe 52.8 42.7 43.8 15.6 154.9 Rest-of-World 51.9 15.6 16.2 11.0 94.7 Total $ 414.4 $ 469.5 $ 203.2 $ 137.0 $ 1,224.1 March 31, 2022 Industrial Powertrain Solutions Power Efficiency Solutions Automation & Motion Control Industrial Systems Total North America $ 290.3 $ 444.4 $ 132.1 $ 68.5 $ 935.3 Asia 31.2 50.4 3.2 39.4 124.2 Europe 57.6 46.3 40.5 12.3 156.7 Rest-of-World 37.2 26.1 8.5 10.5 82.3 Total $ 416.3 $ 567.2 $ 184.3 $ 130.7 $ 1,298.5 Trade Receivables The Company's policy for estimating the allowance for credit losses on trade receivables considers several factors including historical write-off experience, overall customer credit quality in relation to general economic and market conditions, and specific customer account analyses to estimate expected credit losses. The specific customer account analysis considers such items as credit worthiness, payment history, and historical bad debt experience. Trade receivables are written off after exhaustive collection efforts occur and the receivable is deemed uncollectible. Adjustments to the allowance for credit losses are recorded in Operating Expenses. Inventories The following table presents approximate percentage distribution between major classes of inventories: March 31, 2023 December 31, 2022 Raw Material and Work in Process 64.4% 57.0% Finished Goods and Purchased Parts 35.6% 43.0% Inventories are stated at the lower of cost or net realizable value. All inventory is valued using the FIFO cost method. Property, Plant, and Equipment The following table presents property, plant, and equipment by major classification: Useful Life in Years March 31, 2023 December 31, 2022 Land and Improvements $ 147.9 $ 103.4 Buildings and Improvements 3 - 50 518.7 401.7 Machinery and Equipment 3 - 15 1,385.3 1,111.3 Property, Plant and Equipment 2,051.9 1,616.4 Less: Accumulated Depreciation (837.2) (809.4) Net Property, Plant and Equipment $ 1,214.7 $ 807.0 Supplier Finance Program The Company's supplier finance program with Bank of America ("the Bank") offers the Company's designated suppliers the option to receive payments of outstanding invoices in advance of the invoice maturity dates at a discount. The Company's payment obligation to the Bank remains subject to the respective supplier's invoice maturity date. The Bank acts as a payment agent, making payments on invoices the Company confirms are valid. The supplier finance program is offered for open account transactions only and may be terminated by either the Company or the Bank upon 15 days' notice. The Company has not pledged any assets under this program. The Company has not incurred any subscription, service or other fees related to the Company's supplier finance program. The Company's outstanding obligations under the supplier finance program which are classified within Accounts Payable, were $72.1 million and $69.9 million as of March 31, 2023 and December 31, 2022, respectively.

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES	3 Months Ended
ACQUISITIONS AND DIVESTITURES	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS AND DIVESTITURES	DIVESTITURES Altra Transaction On October 26, 2022, the Company entered into an Agreement and Plan of Merger (the “Altra Merger Agreement”) by and among the Company, Altra Industrial Motion Corp., a Delaware corporation (“Altra”), and Aspen Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“Merger Sub”). On March 27, 2023, in accordance with the terms and conditions of the Altra Merger Agreement, Merger Sub merged with (the "Altra Merger") and into Altra, with Altra surviving the Altra Merger as a wholly owned subsidiary of the Company (the “Altra Transaction”). Pursuant to the Altra Merger Agreement, at the effective time of the Altra Merger (the “Effective Time”), each of Altra’s issued and outstanding shares of common stock, par value $0.001 per share (“Altra Common Stock”) (other than (i) any shares held by either the Company, Altra or Merger Sub, (ii) shares owned by any direct or indirect wholly owned subsidiary of Altra or the Company, (iii) shares for which appraisal rights had been properly demanded according to Section 262 of the Delaware General Corporation Law and (iv) restricted shares of Altra Common Stock granted under Altra’s 2014 Omnibus Incentive Plan and subject to forfeiture conditions) were converted into $62.00 in cash, without interest (the “Altra Merger Consideration”). The Altra Merger Agreement generally provided that (1) each vested Altra stock option outstanding immediately prior to the Effective Time was canceled and converted into a cash payment equal to the intrinsic value of such option based on the Altra Merger Consideration, (2) each unvested Altra stock option outstanding, immediately prior to the Effective Time, was converted into an award of stock options with respect to the Company's common stock, par value $0.01 per share ("Common Stock") with an intrinsic value equivalent to the intrinsic value of the Altra stock option based on the Altra Merger Consideration, (3) each unvested Altra restricted stock unit outstanding, as of the Effective Time, that was subject solely to time-based vesting conditions was converted into an award of restricted stock units with respect to Common Stock with an equivalent value based on the Altra Merger Consideration on substantially similar terms and conditions, (4) each unvested award of Altra restricted shares was converted into an award of cash of equivalent value based on the Altra Merger Consideration on substantially similar terms and conditions, (5) each unvested Altra restricted stock unit outstanding, as of the Effective Time, that was subject to performance-based vesting conditions was converted into an award of time-based restricted stock with an equivalent value based on the Altra Merger Consideration on substantially similar terms and conditions (with performance goals being deemed satisfied at specified levels) and (6) each vested Altra restricted stock unit outstanding as of Effective Time was converted into the right to receive a cash payment based on the Altra Merger Consideration. The Company's management determined that the Company is the accounting acquirer in the Altra Transaction based on the facts and circumstances noted within this section and other relevant factors. As such, the Company applied the acquisition method of accounting to the identifiable assets and liabilities of Altra, which have been measured at estimated fair value as of the date of the business combination. The preliminary purchase price for the acquisition of Altra was approximately $5.1 billion, subject to the finalization of purchase accounting. The preliminary purchase price of Altra consisted of the following: As of March 31, 2023 Cash paid for outstanding Altra Common Stock (i) $ 4,051.0 Stock based compensation (ii) 23.1 Payment of Altra debt (iii) 1,061.0 Pre-existing relationships (iv) (0.5) Preliminary purchase price $ 5,134.6 (i) Cash paid for the common stock component of the preliminary purchase price was based on 65.3 million shares of outstanding Altra Common Stock as of March 27, 2023 at $62.00 per share, in accordance with the Altra Merger Agreement. (ii) Represents fair value of replacement equity-based awards and Company common stock issued in settlement of other Altra share based awards. The portion of the fair value attributable to pre-acquisition service was recorded as part of the consideration transferred in the Altra Transaction. (iii) Cash paid by the Company to settle (a) the term loan facility (the "Altra Term Loan Facility"), (b) the revolving credit facility (the "Altra Revolving Credit Facility") and (c) 95.28% of the 6.125% senior notes due 2026 of Stevens Holding Company, Inc., a wholly owned subsidiary of Altra (the "Altra Notes"). $18.1 million of the Altra Notes remained outstanding following the closing of the Altra Transaction. See Note 7 - Debt and Bank Credit Facilities for more information. (iv) Represents effective settlement of outstanding payables and receivables between the Company and Altra. No gain or loss was recognized on this settlement Purchase Price Allocation Altra’s assets and liabilities were measured at estimated fair values at March 27, 2023, primarily using Level 3 inputs. Estimates of fair value represent management’s best estimate of assumptions about future events and uncertainties, including significant judgments related to future cash flows, discount rates, competitive trends, margin and revenue growth assumptions, royalty rates and customer attrition rates and others. Inputs used were generally obtained from historical data supplemented by current and anticipated market conditions and growth rates expected as of the acquisition date. Due to the timing of the Altra Transaction and the nature of the net assets acquired, as of March 31, 2023, the valuation process to determine the fair values is not complete and further adjustments are expected in fiscal year 2023. The Company has estimated the preliminary fair value of net assets acquired based on information currently available and will continue to adjust those estimates as additional information becomes available, including the refinement of valuation assumptions. As the Company finalizes the fair value of assets acquired and liabilities assumed, additional purchase price allocation adjustments will be recorded during the measurement period, but no later than one year from the date of the acquisition. The Company will reflect measurement period adjustments in the period in which the adjustments are determined. The preliminary fair value of the assets acquired and liabilities assumed were as follows: As of March 31, 2023 Cash and Cash Equivalents $ 259.1 Trade Receivables 258.1 Inventories 436.4 Prepaid Expenses and Other Current Assets 33.0 Property, Plant and Equipment 411.8 Intangible Assets 2,224.0 Deferred Income Tax Benefits 0.7 Operating Lease Assets 42.3 Other Noncurrent Assets 21.6 Accounts Payable (183.2) Accrued Compensation and Benefits (66.1) Other Accrued Expenses (1) (145.7) Current Operating Lease Liabilities (12.5) Current Maturities of Long-Term Debt (0.4) Long-Term Debt (25.3) Deferred Income Taxes (560.7) Pension and Other Post Retirement Benefits (19.8) Noncurrent Operating Lease Liabilities (29.7) Other Noncurrent Liabilities (8.3) Total Identifiable Net Assets 2,635.3 Goodwill 2,499.3 Preliminary purchase price $ 5,134.6 1) Includes $60.1 million related to Altra transaction costs paid by the Company at the closing of the Altra Transaction. Summary of Significant Fair Value Methods The methods used to determine the fair value of significant identifiable assets and liabilities included in the allocation of purchase price are discussed below. Inventories Acquired inventory was comprised of finished goods, work in process and raw materials. The fair value of finished goods was calculated as the estimated selling price, adjusted for costs of the selling effort and a reasonable profit allowance relating to the selling effort. The fair value of work in process inventory was primarily calculated as the estimated selling price, adjusted for estimated costs to complete the manufacturing, estimated costs of the selling effort, as well as a reasonable profit margin on the remaining manufacturing and selling effort. The fair value of raw materials and supplies was determined based on replacement cost which approximates historical carrying value. Property, Plant and Equipment The preliminary fair value of Property, Plant, and Equipment was determined using either the cost approach, which relies on an estimate of replacement costs of the assets new and estimated accrued depreciation, or the market approach. Identifiable Intangible Assets The preliminary fair value and weighted average useful life of the identifiable intangible assets are as follows: Fair Value Weighted Average Useful Life (Years) Customer Relationships (1) $ 1,780.0 14.0 Trademarks (2) 340.0 10.0 Technology (3) 104.0 13.0 Total Identifiable Intangible Assets $ 2,224.0 (1) The fair value of Customer Relationships was valued using a multi-period excess earnings method, a form of the income approach, which incorporates the estimated future cash flows to be generated from Altra's existing customer base. (2) The Altra Trademarks were valued using the relief from royalty method, which considers both the market approach and the income approach. (3) The Altra Technology was valued using the relief from royalty method, which considers both the market approach and the income approach. The intangible assets related to definite-lived customer relationships, trademarks and technology are amortized over their estimated useful lives. Leases, including right-of-use ("ROU") assets and lease liabilities Lease liabilities were measured as of the effective date of the acquisition at the present value of future minimum lease payments over the remaining lease term and the incremental borrowing rate of the Company as if the acquired leases were new leases as of the acquisition date. ROU assets recorded within “Operating Lease Assets” are equal to the amount of the lease liability at the acquisition date adjusted for any off-market terms of the lease. The remaining lease term was based on the remaining term at the acquisition date plus any renewal or extension options that the Company is reasonably certain will be exercised. Long-Term Debt The fair value of the Altra Notes assumed was determined based on the total indebtedness as the debt consummated at the time of closing of the acquisition. Deferred Income Tax Assets and Liabilities The acquisition was structured as a merger and therefore, the Company assumed the historical tax basis of the Altra’s assets and liabilities. The deferred income tax assets and liabilities include the expected future federal, state, and foreign tax consequences associated with temporary differences between the fair values of the assets acquired and liabilities assumed and the respective tax bases. Tax rates utilized in calculating deferred income taxes generally represent the enacted statutory tax rates at the effective date of the acquisition in the jurisdictions in which legal title of the underlying asset or liability resides. See Note 10 - Income Taxes for further information related to income taxes. Other Assets Acquired and Liabilities Assumed (excluding Goodwill) The Company utilized the carrying values, net of allowances, to value accounts receivable and accounts payable as well as other current assets and liabilities as it was determined that carrying values represented the fair value of those items at the acquisition date. Accounts receivable reflect the best estimate at the acquisition date of the contractual cash flows expected to be collected. Goodwill The excess of the consideration for the acquisition over the fair value of net assets acquired was recorded as goodwill. The goodwill is attributable to expected synergies and expanded market opportunities from combining the Company’s operations with those of Altra. The goodwill created in the acquisition is not expected to be deductible for tax purposes. Transaction Costs The Company incurred transaction-related costs in connection with the Altra Transaction of approximately $65.6 million during the three months ended March 31, 2023, which include legal and professional services and certain employee compensation costs, including severance, that were recognized as Operating expenses in the Company's Condensed Consolidated Statements of Income. There were no transaction-related costs in connection with the Altra Transaction recognized during the three months ended March 31, 2022. During the year ended December 31, 2022 the Company incurred $14.7 million of costs related to the Altra Transaction. The Company also incurred $15.7 million of share-based compensation expense related to the accelerated vesting of awards for certain former Altra employees. See Note 9 – Shareholders' Equity for additional information. In connection with the Altra Transaction, the Company incurred additional costs due to the entry into certain financing arrangements. Such financing arrangements are described in Note 7 – Debt and Bank Credit Facilities. Unaudited Pro Forma Information The following unaudited supplemental pro forma financial information presents the Company's financial results for the three months ended March 31, 2023 and March 31, 2022, respectively, as if the Altra Transaction had occurred on January 2, 2022, the first day of the Company's fiscal year ended December 31, 2022. The pro forma financial information includes, where applicable, adjustments for: (i) additional amortization expense that would have been recognized related to the acquired intangible assets, (ii) additional interest expense on transaction related borrowings less interest income earned on the investment of proceeds from borrowings prior to the close of the Altra Transaction, (iii) additional depreciation expense that would have been recognized related to the acquired property, plant, and equipment, (iv) transaction costs and other one-time non-recurring costs, including share-based compensation expense related to the accelerated vesting of awards for certain former Altra employees, which reduced expenses by $81.3 million for the three months ended March 31, 2023 and increased expenses by $99.0 million for the three months ended March 31, 2022, (v) additional cost of sales related to the inventory valuation adjustment which increased expenses by $64.2 million for the three months ended March 31, 2022, and (vi) the estimated income tax effect on the pro forma adjustments. The pro forma financial information is presented for illustrative purposes only and is not necessarily indicative of the operating results that would have been achieved had the Altra Transaction been completed as of the date indicated or the results that may be obtained in the future. For the Three Months Ended March 31, 2023 For the Three Months Ended March 31, 2022 Net Sales $ 1,675.2 $ 1,810.2 Net Income Attributable to Regal Rexnord Corporation $ 37.6 $ (70.0) Earnings Per Share Attributable to Regal Rexnord Corporation: Basic $ 0.57 $ (1.04) Assuming Dilution $ 0.56 $ (1.04)

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	Mar. 31, 2023
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Foreign currency translation adjustments, hedging activities and pension and post-retirement benefit adjustments are included in Accumulated Other Comprehensive Income (Loss) ("AOCI") a component of Total Equity. The following tables present changes in AOCI by component for the three months ended March 31, 2023 and March 31, 2022: Three Months Ended March 31, 2023 Hedging Activities Pension and Post Retirement Benefit Adjustments Foreign Currency Translation Adjustments Total Beginning Balance $ 17.3 $ (13.3) $ (356.1) $ (352.1) Other Comprehensive Income before Reclassifications 22.1 — 34.2 56.3 Tax Impact (5.3) — — (5.3) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) 1.7 (0.5) — 1.2 Tax Impact (0.4) 0.1 — (0.3) Net Current Period Other Comprehensive Income (Loss) 18.1 (0.4) 34.2 51.9 Ending Balance $ 35.4 $ (13.7) $ (321.9) $ (300.2) March 31, 2022 Hedging Activities Pension and Post Retirement Benefit Adjustments Foreign Currency Translation Adjustments Total Beginning Balance $ 21.0 $ (14.3) $ (201.8) $ (195.1) Other Comprehensive Income (Loss) before Reclassifications 34.4 0.2 (1.0) 33.6 Tax Impact (8.3) — — (8.3) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (8.0) 0.2 — (7.8) Tax Impact 2.0 — — 2.0 Net Current Period Other Comprehensive Income (Loss) 20.1 0.4 (1.0) 19.5 Ending Balance $ 41.1 $ (13.9) $ (202.8) $ (175.6) The Condensed Consolidated Statements of Income line items affected by the hedging activities reclassified from AOCI in the tables above are disclosed in Note 13 - Derivative Financial Instruments. The reclassification amounts for pension and post-retirement benefit adjustments in the tables above are part of net periodic benefit costs recorded in Other Income, Net (see also Note 8 - Retirement Plans).

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
GOODWILL AND INTANGIBLE ASSETS	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Goodwill As required, the Company performs an annual impairment test of goodwill as of the end of the October fiscal month or more frequently if events or circumstances change that would more likely than not reduce the fair value of its reporting units below their carrying value. The following table presents changes to goodwill during the three months ended March 31, 2023: Total Industrial Powertrain Solutions Power Efficiency Solutions Automation & Motion Control Industrial Systems Balance as of December 31, 2022 $ 4,018.8 $ 2,290.0 $ 752.3 $ 865.0 $ 111.5 Acquisitions 2,499.3 1,395.4 — 1,103.9 — Translation Adjustments 8.6 5.2 1.1 1.9 0.4 Balance as of March 31, 2023 $ 6,526.7 $ 3,690.6 $ 753.4 $ 1,970.8 $ 111.9 Cumulative Goodwill Impairment Charges $ 328.7 $ 18.1 $ 200.4 $ 5.1 $ 105.1 Intangible Assets The following table presents intangible assets including those acquired in the Altra Transaction (see Note 3 - Acquisitions and Divestitures for more information): March 31, 2023 December 31, 2022 Weighted Average Amortization Period (Years) Gross Value Accumulated Net Carrying Amount Gross Value Accumulated Net Carrying Amount Customer Relationships 15 $ 4,129.2 $ 587.9 $ 3,541.3 $ 2,321.4 $ 532.0 $ 1,789.4 Technology 13 347.6 127.0 220.6 246.2 125.0 121.2 Trademarks 10 725.0 72.2 652.8 392.7 73.4 319.3 Total Intangibles $ 5,201.8 $ 787.1 $ 4,414.7 $ 2,960.3 $ 730.4 $ 2,229.9 Amortization expense recorded for the three months ended March 31, 2023 was $46.3 million. Amortization expense recorded for the three months ended March 31, 2022 was $47.3 million. Amortization expense for fiscal year 2023 is estimated to be $316.7 million. The following table presents future estimated annual amortization expense for intangible assets: Year Estimated Amortization 2024 $ 356.0 2025 354.0 2026 350.5 2027 349.8 2028 349.8

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
SEGMENT INFORMATION	Mar. 31, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Effective during the first quarter of 2023, the Company realigned its four operating segments taking into account the change to its management structure and operating model following completion of the Altra Transaction. All prior periods have been recast to reflect the current segment presentation. The Company is comprised of four operating segments: Industrial Powertrain Solutions (IPS), Power Efficiency Solutions (PES), Automation & Motion Control (AMC) and Industrial Systems. IPS consists of the majority of the Company's previous Motion Control Solutions (MCS) segment, excluding the conveying and aerospace business units, plus Altra's Power Transmission Technologies segment. The IPS segment designs, produces and services mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes and gear motors, clutches, brakes, special components products and industrial powertrain components and solutions serving a broad range of markets including food and beverage, bulk handling, eCommerce/warehouse distribution, energy, agricultural machinery, turf & garden and general industrial. PES consists of the Company's previous Climate Solutions and Commercial Systems segments. The PES segment designs and produces fractional to approximately 5 horsepower AC and DC motors, electronic variable speed controls, fans, and blowers for commercial applications and small motors, electronic variable speed controls and air moving solutions serving markets including residential and light commercial HVAC, water heaters, commercial refrigeration, commercial building ventilation, pool and spa, irrigation, dewatering, agriculture, and general commercial equipment. AMC consists of the Company's previous MCS aerospace and conveying business units, Altra's Automation & Specialty segment and the Thomson Power Systems business that was previously in the Company's Industrial Systems segment. The AMC segment designs, produces and services conveyor products, conveying automation subsystems, aerospace components, rotary precision motion solutions, high-efficiency miniature motors and motion control products, automation transfer switches, switchgear for industrial applications and automation systems that enable and control the transition of rotary motion to linear motion. These products are used in advanced material handling, aerospace and defense, factory automation, data centers, medical device, packaging, printing, semiconductor, robotic, industrial power tool, mobile off-highway, food & beverage processing and other applications. Industrial Systems consists of the Company's previous Industrial Systems segment excluding the Thomson Power Systems business. The Industrial Systems segment designs and produces integral motors, alternators for industrial applications, along with aftermarket parts and kits to support such products. These products serve markets including agriculture, marine, mining, oil and gas, food and beverage, data centers, prime and standby power, and general industrial equipment. The Company evaluates performance based on the segment's income from operations. Corporate costs have been allocated to each segment based on the net sales of each segment. The reported external net sales of each segment are from external customers. The following sets forth certain financial information attributable to the Company's operating segments, recast as described above, for the three months ended March 31, 2023 and March 31, 2022: Three Months Ended March 31, 2023 Industrial Powertrain Solutions Power Efficiency Solutions Automation & Motion Control Industrial Systems Eliminations Total External Sales $ 414.4 $ 469.5 $ 203.2 $ 137.0 $ — $ 1,224.1 Intersegment Sales 3.5 4.2 5.2 0.7 (13.6) — Total Sales 417.9 473.7 208.4 137.7 (13.6) 1,224.1 Gross Profit 177.4 117.7 75.4 27.6 — 398.1 Operating Expenses 151.5 72.3 80.6 24.8 — 329.2 Total Operating Expenses 151.5 72.3 80.6 24.8 — 329.2 Income (Loss) from Operations 25.9 45.4 (5.2) 2.8 — 68.9 Depreciation and Amortization 41.6 11.7 19.7 3.5 — 76.5 Capital Expenditures 5.4 8.7 3.1 1.5 — 18.7 March 31, 2022 External Sales $ 416.3 $ 567.2 $ 184.3 $ 130.7 $ — $ 1,298.5 Intersegment Sales 1.6 2.9 3.4 0.5 (8.4) — Total Sales 417.9 570.1 187.7 131.2 (8.4) 1,298.5 Gross Profit 154.3 177.5 63.0 27.1 — 421.9 Operating Expenses 108.0 73.1 50.7 20.2 — 252.0 Total Operating Expenses 108.0 73.1 50.7 20.2 — 252.0 Income from Operations 46.3 104.4 12.3 6.9 — 169.9 Depreciation and Amortization 42.6 12.1 19.7 3.5 — 77.9 Capital Expenditures 2.5 7.9 1.6 1.4 — 13.4 The following table presents identifiable assets information attributable to the Company's operating segments, recast as described above, as of March 31, 2023 and December 31, 2022: Industrial Powertrain Solutions Power Efficiency Solutions Automation & Motion Control Industrial Systems Total Identifiable Assets as of March 31, 2023 $ 8,456.2 $ 2,234.5 $ 5,107.5 $ 749.2 $ 16,547.4 Identifiable Assets as of December 31, 2022 5,028.5 2,234.1 2,202.2 804.1 10,268.9

DEBT AND BANK CREDIT FACILITIES

DEBT AND BANK CREDIT FACILITIES	3 Months Ended
DEBT AND BANK CREDIT FACILITIES	Mar. 31, 2023
Debt Disclosure [Abstract]
DEBT AND BANK CREDIT FACILITIES	DEBT AND BANK CREDIT FACILITIES The following table presents the Company’s indebtedness as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 Senior Notes $ 4,700.0 $ — Term Facility 1,359.0 536.3 Private Placement Notes — 500.0 Land Term Facility 486.8 486.8 Multicurrency Revolving Facility 700.0 429.0 Altra Notes 18.1 — Other 82.2 76.7 Less: Debt Issuance Costs (61.3) (5.3) Total 7,284.8 2,023.5 Less: Current Maturities 74.2 33.8 Long-Term Debt $ 7,210.6 $ 1,989.7 The below discussion of the Company’s indebtedness should be read in conjunction with the Note 7 – Debt and Bank Credit Facilities in the Company’s 2022 Annual Report on Form 10-K filed on February 24, 2023. Credit Agreement On March 28, 2022, the Company entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A. as Administrative Agent and the lenders named therein, which was subsequently amended on November 17, 2022 (the "First Amendment") and November 30, 2022 (the "Assumption Agreement"), which in combination provide for, among other things: i. an unsecured term loan facility in the initial principal amount of up to $550.0 million, maturing on March 28, 2027, which was upsized by $840.0 million on March 27, 2023 in connection with the Altra Transaction (the "Term Facility"); ii. an unsecured term loan facility in the initial principal amount of $486.8 million, under which the Company's subsidiary Land Newco, Inc. remains the sole borrower, maturing on March 28, 2027 (the "Land Term Facility"); and iii. an unsecured revolving loan in the initial principal amount of up to $1,000.0 million, maturing on March 28, 2027, which was upsized by $570.0 million on March 27, 2023 in connection with the Altra Transaction (the "Multicurrency Revolving Facility"). Borrowings under the Credit Agreement bear interest at floating rates based upon indices determined by the currency of the borrowing (SOFR or an alternative base rate for US Dollar borrowings) or at an alternative base rate, in each case, plus an applicable margin. The weighted average interest rate on the Term Facility for the three months ended March 31, 2023 and March 31, 2022 was 6.0% and 2.0%, respectively. The weighted average interest rate on the Land Term Facility for the three months ended March 31, 2023 and March 31, 2022 was 5.9% and 1.7%, respectively. The Term Facility requires quarterly amortization at 5.0% per annum, unless previously prepaid. Per the terms of the Credit Agreement, prepayments can be made without penalty and be applied to the next payment due. The Land Term Facility has no required amortization. As of March 31, 2023, the Company had no standby letters of credit issued under the Multicurrency Revolving Facility, and $870.0 million of available borrowing capacity. For the three months ended March 31, 2023 and March 31, 2022 under the Multicurrency Revolving Facility, the average daily balance in borrowings was $580.6 million and $773.7 million, respectively, and the weighted average interest rate was 5.8% and 1.7%, respectively. The Company pays a non-use fee of 0.3% as of March 31, 2023 on the aggregate unused amount of the Multicurrency Revolving Facility at a rate determined by reference to its consolidated funded debt to consolidated EBITDA ratio. Private Placement Notes On April 7, 2022, the Company entered into a Note Purchase Agreement for the issuance and sale of $500.0 million aggregate principal amount of 3.90% senior notes due April 7, 2032 (the "Private Placement Notes"). Following the issuance of the Senior Notes discussed below, on January 27, 2023, the Company repaid the Private Placement Notes in full with no make-whole payments. Bridge Facility In connection with the Altra Transaction, on October 26, 2022, the Company entered into a commitment letter pursuant to which JPMorgan Chase Bank, N.A. committed to provide the Company approximately $5,500.0 million in aggregate principal amount of senior bridge loans under a 364-day senior unsecured bridge term loan facility (the “Bridge Facility”) to, among other things, fund, in part, the Altra Transaction. The Bridge Facility was terminated upon issuance of the Senior Notes in January 2023. The Company paid $27.5 million in Bridge Facility fees in fiscal 2022, of which $10.5 million were recognized in Interest Expense in the fourth quarter of 2022 and $17.0 million were recognized in Interest Expense during the three months ended March 31, 2023. Senior Notes On January 24, 2023, the Company issued $1,100.0 million aggregate principal amount of its 6.05% senior notes due 2026 (the “2026 Senior Notes”), $1,250.0 million aggregate principal amount of its 6.05% senior notes due 2028 (the “2028 Senior Notes”), $1,100.0 million aggregate principal amount of its 6.30% senior notes due 2030 (the “2030 Senior Notes”) and $1,250.0 million aggregate principal amount of its 6.40% senior notes due 2033 (the “2033 Senior Notes” and, together with the 2026 Senior Notes, 2028 Senior Notes and 2030 Senior Notes, collectively, the “Senior Notes”). The 2026 Senior Notes are scheduled to mature on February 15, 2026, the 2028 Senior Notes are scheduled to mature on April 15, 2028, the 2030 Senior Notes are scheduled to mature on February 15, 2030, and the 2033 Senior Notes are scheduled to mature on April 15, 2033. The rate of interest on each series of the Senior Notes is subject to an increase of up to 2.00% in the event of certain downgrades in the debt rating of the Senior Notes. Interest on the 2026 Senior Notes and the 2030 Senior Notes will be payable semi-annually on February 15 and August 15 of each year, beginning on August 15, 2023. Interest on the 2028 Senior Notes and the 2033 Senior Notes will be payable semi-annually on April 15 and October 15 of each year, beginning on April 15, 2023. The Senior Notes were issued and sold in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of1933 and persons outside the United States in accordance with Regulation S under the Securities Act. Pursuant to a registration rights agreement, the Company will exchange the Senior Notes with registered notes with terms substantially identical to the Senior Notes within 540 days from the date of issuance. The Company received $4,647.0 million in net proceeds from the sale of the Senior Notes, after deducting the initial purchasers’ discounts and estimated offering expenses. The Company used a portion of the net proceeds to repay the Company’s outstanding Private Placement Notes and used the remaining net proceeds, together with the incremental term loan commitments under the Term Facility and cash on hand, to fund the consideration for the Altra Transaction, repay certain of Altra’s outstanding indebtedness, and pay certain fees and expenses. Prior to the consummation of the Altra Transaction, the Company used a portion of the proceeds to repay the outstanding borrowings under the Multicurrency Revolving Facility in January 2023 and invested the remaining net proceeds of approximately $3.6 billion in interest bearing accounts. The Company recognized $29.4 million in Interest Income during the three months ended March 31, 2023. Altra Notes On March 27, 2023, in connection with the Altra Transaction, the Company assumed $18.1 million aggregate principal amount of 6.125% senior notes due 2026 (the “Altra Notes”). The Company purchased 95.28% of the outstanding Altra Notes for total consideration of $382.7 million. See Note 3 – Acquisitions and Divestitures for more information. The Altra Notes will mature on October 1, 2026. The Altra Notes may be redeemed at the option of the issuer on or after October 1, 2023. The Notes are guaranteed on a senior unsecured basis by certain of the Company's domestic subsidiaries. Compliance with Financial Covenants The Credit Agreement, Senior Notes, and Altra Notes require the Company to meet specified financial ratios and to satisfy certain financial condition tests. The Company was in compliance with all financial covenants contained in the Credit Agreement as of March 31, 2023. Other Notes Payable These amounts consist of finance leases as well as certain long-term fixed rate term loans entered into by subsidiaries in Europe that are generally secured by the local property, plant and equipment. The weighted average interest rate on other notes payable for the three months ended March 31, 2023 and March 31, 2022 were 4.8% and 5.1%, respectively. Other Disclosures Based on rates for instruments with comparable maturities and credit quality, which are classified as Level 2 inputs (see also Note 14 - Fair Value), the approximate fair value of the Company's total debt was $7,283.1 million and $1,926.6 million as of March 31, 2023 and December 31, 2022, respectively. Maturities of long-term debt outstanding as of March 31, 2023, excluding debt issuance costs, are as follows: Year Amount of Maturity 2023 $ 56.8 2024 73.4 2025 73.7 2026 1,191.6 2027 2,289.4 Thereafter 3,661.2 Total $ 7,346.1

RETIREMENT PLANS

RETIREMENT PLANS	3 Months Ended
RETIREMENT PLANS	Mar. 31, 2023
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]
RETIREMENT PLANS	RETIREMENT PLANS The following table presents the Company’s net periodic benefit cost (income) components: Three Months Ended March 31, 2023 March 31, 2022 Service Cost $ 0.3 $ 0.3 Interest Cost 5.6 3.6 Expected Return on Plan Assets (6.7) (5.1) Amortization of Prior Service Cost and Net Actuarial Loss (0.5) 0.2 Net Periodic Benefit Income $ (1.3) $ (1.0) The service cost component is included in Cost of Sales and Operating Expenses. All other components of net periodic benefit costs are included in Other Income, Net on the Company's Condensed Consolidated Statements of Income. For the three months ended March 31, 2023 and March 31, 2022, the Company contributed $1.5 million and $1.7 million, respectively, to retirement plans. The Company expects to make total contributions of $6.5 million in 2023. The Company contributed a total of $8.3 million in fiscal 2022. For the three months ended March 31, 2023 and March 31, 2022, the Company contributed $6.2 million and $5.9 million, respectively, to defined contribution plans. In connection with the Altra Transaction, $30.5 million of plan benefit obligations and $13.8 million of plan assets included in the Altra business were transferred to the Company on March 27, 2023.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	3 Months Ended
SHAREHOLDERS' EQUITY	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS’ EQUITY Share-Based Compensation The Company recognized approximately $21.7 million and $6.3 million in share-based compensation expense for the three months ended March 31, 2023 and March 31, 2022, respectively. The $21.7 million includes $15.7 million related to the accelerated vesting of awards for certain former Altra employees. The total income tax benefit recognized in the Condensed Consolidated Statements of Income for share-based compensation expense was $1.4 million and $1.5 million for the three months ended March 31, 2023 and March 31, 2022, respectively. The Company recognizes compensation expense on grants of share-based compensation awards on a straight-line basis over the vesting period of each award. During the three months ended March 31, 2023, the Company granted the following share-based incentive awards: Award Type Number of Awards Weighted Average Grant-Date Fair Value Options and SARs 1 147,174 $ 54.96 Restricted Stock Awards 1 20,400 $ 135.29 Restricted Stock Units 1 248,794 $ 141.92 Performance Share Units 58,807 $ 235.77 1 Certain outstanding equity-based awards held by employees of Altra that related to shares of Altra Common Stock were replaced by equity-based awards of the Company Common Stock with substantially similar terms and conditions. These awards include 32,419 options with a weighted-average grant date fair value of $57.64, 20,114 restricted stock awards with a weighted-average grant date fair value of $135.50 and 161,414 restricted stock units with a weighted-average grant date fair value of $135.50 issued as replacement awards for Altra unvested awards outstanding at close of the Altra Transaction on March 27, 2023.

INCOME TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective tax rate for the three months ended March 31, 2023 was 180.9% versus 22.2% for the three months ended March 31, 2022. The effective tax rate for the three months ended March 31, 2023 was higher than the same period in the prior year primarily driven by non-deductible transaction costs associated with the Altra Transaction and withholding taxes resulting from the cash repatriation of foreign earnings. As of March 31, 2023 and December 31, 2022, the Company had approximately $9.4 million and $5.7 million of unrecognized tax benefits, all of which would impact the effective income tax rate if recognized. Potential interest and penalties related to unrecognized tax benefits are recorded in income tax expense. The Company had approximately $1.2 million and $1.2 million of accrued interest as of March 31, 2023 and December 31, 2022, respectively.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Mar. 31, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Diluted earnings per share is calculated based upon earnings applicable to common shares divided by the weighted-average number of common shares outstanding during the period adjusted for the effect of other dilutive securities. The amount of the anti-dilutive shares were 0.4 million and 0.1 million for the three months ended March 31, 2023 and March 31, 2022, respectively. The following table reconciles the basic and diluted shares used in earnings per share calculations for the three months ended March 31, 2023 and March 31, 2022: Three Months Ended March 31, 2023 March 31, 2022 Denominator for Basic Earnings Per Share 66.2 67.4 Effect of Dilutive Securities 0.4 0.5 Denominator for Diluted Earnings Per Share 66.6 67.9

CONTINGENCIES

CONTINGENCIES	3 Months Ended
CONTINGENCIES	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES One of the Company's subsidiaries that it acquired in 2007 is subject to numerous claims filed in various jurisdictions relating to certain sub-fractional motors that were primarily manufactured through 2004 and that were included as components of residential and commercial ventilation units manufactured and sold in high volumes by a third party. These ventilation units are subject to product safety requirements and other potential regulation of their performance by government agencies such as the US Consumer Product Safety Commission (“CPSC”). The claims generally allege that the ventilation units were the cause of fires. The Company has recorded an estimated liability for incurred claims. Based on the current facts, the Company cannot assure that these claims, individually or in the aggregate, will not have a material adverse effect on its subsidiary's financial condition. The Company's subsidiary cannot reasonably predict the outcome of these claims, the nature or extent of any CPSC or other remedial actions, if any, that the Company's subsidiary may need to undertake with respect to motors that remain in the field, or the costs that may be incurred, some of which could be significant. As a result of the Company's acquisition of the Rexnord PMC business, it is entitled to indemnification from third parties to agreements with the Rexnord PMC business against certain contingent liabilities of the Rexnord PMC business, including certain pre-closing environmental liabilities. The Company believes that, pursuant to the transaction documents related to the Rexnord PMC business' acquisition of the Stearns business from Invensys plc ("Invensys"), Invensys (now known as Schneider Electric) is obligated to defend and indemnify us with respect to the matters described below relating to the Ellsworth Industrial Park Site and to various asbestos claims. The indemnity obligations relating to the matters described below are subject, together with indemnity obligations relating to other matters, to an overall dollar cap equal to the purchase price, which is an amount in excess of $900.0 million. In the event that the Company is unable to recover from Invensys with respect to the matters below, it may be entitled to indemnification from Zurn Water Solutions Corporation (formerly known as Rexnord Corporation) ("Zurn"), subject to certain limitations. The following paragraphs summarize the most significant actions and proceedings: • In 2002, the Company's subsidiary, Rexnord Industries, LLC ("Rexnord Industries") was named as a potentially responsible party ("PRP"), together with at least ten other companies, at the Ellsworth Industrial Park Site, Downers Grove, DuPage County, Illinois (the "Site"), by the United States Environmental Protection Agency ("USEPA"), and the Illinois Environmental Protection Agency ("IEPA"). Rexnord Industries' Downers Grove property is situated within the Ellsworth Industrial Complex. The USEPA and IEPA allege there have been one or more releases or threatened releases of chlorinated solvents and other hazardous substances, pollutants or contaminants at the Site, allegedly including but not limited to a release or threatened release on or from Rexnord Industries' property. The relief sought by the USEPA and IEPA includes further investigation and potential remediation of the Site and reimbursement of USEPA's past costs. In early 2020, Rexnord Industries entered into an administrative order with the USEPA to do remediation work on its Downers Grove property. The soil excavation work and transporting and disposing of the excavated material was completed in October 2020. An AS/SVE system construction was completed in February 2022 and is anticipated to operate for three years. All previously pending property damage and personal injury lawsuits against Rexnord Industries related to the Site have been settled or dismissed. Pursuant to its indemnity obligation, Invensys continues to defend Rexnord Industries in known matters related to the Site, including the costs of the remediation work pursuant to the 2020 administrative order, and has paid 100% of the costs to date. This indemnification right would not protect Rexnord Industries against liabilities related to environmental conditions that were unknown to Invensys at the time of the acquisition of the Stearns business from Invensys. • Multiple lawsuits (with approximately 350 claimants) are pending in state or federal court in numerous jurisdictions relating to alleged personal injuries due to the alleged presence of asbestos in certain brakes and clutches previously manufactured by the Rexnord PMC business' Stearns brand of brakes and clutches and/or its predecessor owners. Invensys and FMC, prior owners of the Stearns business, have paid 100% of the costs to date related to the Stearns lawsuits. Similarly, the Rexnord PMC business' Prager subsidiary is the subject of claims by multiple claimants alleging personal injuries due to the alleged presence of asbestos in a product allegedly manufactured by Prager. However, all these claims are currently on the Texas Multi-district Litigation inactive docket, and the Company does not believe that they will become active in the future. To date, the Rexnord PMC business' insurance providers have paid 100% of the costs related to the Prager asbestos matters. We believe that the combination of the Company's insurance coverage and the Invensys indemnity obligations will cover any future costs of these matters. In connection with the Company's acquisition of the Rexnord PMC business, transaction documents related to the Rexnord PMC business’ acquisition of The Falk Corporation from Hamilton Sundstrand Corporation were assigned to Rexnord Industries, and provide Rexnord Industries with indemnification against certain products related asbestos exposure liabilities. The Company believes that, pursuant to such indemnity obligations, Hamilton Sundstrand is obligated to defend and indemnify Rexnord Industries with respect to asbestos claims described below, and that, with respect to these claims, such indemnity obligations are not subject to any time or dollar limitations. The following paragraph summarizes the most significant actions and proceedings for which Hamilton Sundstrand has accepted responsibility: • Rexnord Industries is a defendant in multiple lawsuits pending in state or federal court in numerous jurisdictions relating to alleged personal injuries due to the alleged presence of asbestos in certain clutches and drives previously manufactured by The Falk Corporation. The ultimate outcome of these lawsuits cannot presently be determined. Hamilton Sundstrand is defending Rexnord Industries in these lawsuits pursuant to its indemnity obligations and has paid 100% of the costs to date. The Company is, from time to time, party to litigation and other legal or regulatory proceedings that arise in the normal course of its business operations and the outcomes of which are subject to significant uncertainty, including product warranty and liability claims, contract disputes and environmental, asbestos, intellectual property, employment and other litigation matters. The Company's products are used in a variety of industrial, commercial and residential applications that subject the Company to claims that the use of its products is alleged to have resulted in injury or other damage. Many of these matters will only be resolved when one or more future events occur or fail to occur. Management conducts regular reviews, including updates from legal counsel, to assess the need for accounting recognition or disclosure of these contingencies, and such assessment inherently involves an exercise in judgment. The Company accrues for exposures in amounts that it believes are adequate, and the Company does not believe that the outcome of any such lawsuit individually or collectively will have a material effect on the Company's financial position, its results of operations or its cash flows. The Company recognizes the cost associated with its standard warranty on its products at the time of sale. The amount recognized is based on historical experience. The following table presents a reconciliation of the changes in accrued warranty costs for the three months ended March 31, 2023 and March 31, 2022: Three Months Ended March 31, 2023 March 31, 2022 Beginning Balance $ 28.8 $ 23.0 Less: Payments (3.3) (5.6) Provisions 6.2 6.0 Acquisitions 9.8 — Ending Balance $ 41.5 $ 23.4 These liabilities are included in Other Accrued Expenses and Other Noncurrent Liabilities on the Condensed Consolidated Balance Sheets.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	3 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed using derivative instruments are commodity price risk, currency exchange risk, and interest rate risk. Forward contracts on certain commodities are entered into to manage the price risk associated with forecasted purchases of materials used in the Company's manufacturing process. Forward contracts on certain currencies are entered into to manage forecasted cash flows in certain foreign currencies. Interest rate swaps are utilized to manage interest rate risk associated with the Company's floating rate borrowings. The Company is exposed to credit losses in the event of non-performance by the counterparties to various financial agreements, including its commodity hedging transactions, foreign currency exchange contracts and interest rate swap agreements. Exposure to counterparty credit risk is managed by limiting counterparties to major international banks and financial institutions meeting established credit guidelines and continually monitoring their compliance with the credit guidelines. The Company does not obtain collateral or other security to support financial instruments subject to credit risk. The Company does not anticipate non-performance by its counterparties, but cannot provide assurances. The Company recognizes all derivative instruments as either assets or liabilities at fair value in the Condensed Consolidated Balance Sheets. The Company designates commodity forward contracts as cash flow hedges of forecasted purchases of commodities, currency forward contracts as cash flow hedges of forecasted foreign currency cash flows and interest rate swaps as cash flow hedges of forecasted SOFR-based interest payments. There were no significant collateral deposits on derivative financial instruments as of March 31, 2023 or March 31, 2022. The effective portion of the gain or loss on the derivative is reported as a component of AOCI and reclassified into the same line within the Condensed Consolidated Statement of Income as the earnings effect of the hedged item in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing either hedge ineffectiveness or changes in market value of derivatives not designated as hedges are recognized in current earnings. As of March 31, 2023 and December 31, 2022, the Company had $16.4 million and $11.9 million, respectively, net of tax, of derivative gains on closed hedge instruments in AOCI that will be realized in earnings when the hedged items impact earnings. The Company had the following currency forward contracts outstanding (with maturities extending through August 2024): March 31, 2023 December 31, 2022 Chinese Renminbi $ 251.4 $ 173.8 Mexican Peso 189.1 215.2 Euro 342.3 159.6 Indian Rupee 44.2 33.1 British Pound 6.0 2.1 The Company had the following commodity forward contracts outstanding (with maturities extending through August 2024) to hedge forecasted purchases of commodities (notional amounts expressed in terms of the dollar value of the hedged item): March 31, 2023 December 31, 2022 Copper $ 67.4 $ 89.4 Aluminum 2.3 4.0 The Company entered into two receive variable/pay-fixed forward starting non-amortizing interest rate swaps in June 2020, with a total notional amount of $250.0 million, which were subsequently terminated in March 2022. The cash proceeds of $16.2 million received to settle the terminated swaps is being recognized as a reduction of interest expense via the effective interest rate method through July 2025 when the terminated swaps were scheduled to expire. The Company entered into two additional receive variable/pay-fixed forward starting non-amortizing interest rate swaps in May 2022, with a total notional amount of $250.0 million. These swaps will expire in March 2027. Fair values of derivative instruments as of March 31, 2023 and December 31, 2022 were: March 31, 2023 Prepaid Expenses and Other Current Assets Other Noncurrent Assets Other Accrued Expenses Other Noncurrent Liabilities Designated as Hedging Instruments: Interest Rate Swap Contracts $ — $ 4.3 $ — $ — Currency Contracts 22.0 2.0 2.4 0.1 Commodity Contracts 2.3 0.4 3.3 0.1 Not Designated as Hedging Instruments: Currency Contracts 0.8 — 0.1 — Commodity Contracts — — 0.1 — Total Derivatives $ 25.1 $ 6.7 $ 5.9 $ 0.2 December 31, 2022 Prepaid Expenses and Other Current Assets Other Noncurrent Assets Other Accrued Expenses Other Noncurrent Liabilities Designated as Hedging Instruments: Interest Rate Swap Contracts $ — $ 7.9 $ — $ — Currency Contracts 12.3 0.9 4.8 — Commodity Contracts 0.9 0.3 10.2 — Not Designated as Hedging Instruments: Currency Contracts 0.7 — — — Commodity Contracts — — 0.4 — Total Derivatives $ 13.9 $ 9.1 $ 15.4 $ — Derivatives Designated as Cash Flow Hedging Instruments The effect of derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income were: Three Months Ended March 31, 2023 March 31, 2022 Commodity Forwards Currency Forwards Interest Rate Swaps Total Commodity Forwards Currency Forwards Interest Rate Swaps Total Gain (Loss) Recognized in Other Comprehensive Income (Loss) $ 5.5 $ 20.3 $ (3.7) $ 22.1 $ 13.4 $ 10.4 $ 10.6 $ 34.4 Amounts Reclassified from Other Comprehensive Income (Loss): Gain recognized in Net Sales — — — — — 0.1 — 0.1 (Loss) Gain Recognized in Cost of Sales (5.0) 2.0 — (3.0) 5.2 3.0 — 8.2 Gain (Loss) Recognized in Interest Expense — — 1.3 1.3 — — (0.3) (0.3) Derivatives Not Designated as Cash Flow Hedging Instruments: The effect of derivative instruments not designated as cash flow hedges on the Condensed Consolidated Statements of Income were: Three Months Ended March 31, 2023 March 31, 2022 Commodity Forwards Currency Forwards Commodity Forwards Currency Forwards Gain recognized in Cost of Sales $ 0.2 $ — $ 0.6 $ — Gain recognized in Operating Expenses — 1.9 — 1.5 The AOCI balance related to hedging activities of a $35.4 million gain net of tax as of March 31, 2023 includes $24.2 million of net current deferred gains expected to be reclassified to the Consolidated Statement of Comprehensive Income in the next twelve months. There were no gains or losses reclassified from AOCI to earnings based on the probability that the forecasted transaction would not occur. The Company's commodity and currency derivative contracts are subject to master netting agreements with the respective counterparties which allow the Company to net settle transactions with a single net amount payable by one party to another party. The Company has elected to present the derivative assets and derivative liabilities on the Condensed Consolidated Balance Sheets on a gross basis as of March 31, 2023 and December 31, 2022. The following table presents the derivative assets and derivative liabilities presented on a net basis under enforceable master netting agreements: March 31, 2023 Gross Amounts as Presented in the Condensed Consolidated Balance Sheet Derivative Contract Amounts Subject to Right of Offset Derivative Contracts as Presented on a Net Basis Prepaid Expenses and Other Current Assets: Derivative Currency Contracts $ 22.8 $ (1.9) $ 20.9 Derivative Commodity Contracts 2.3 (2.0) 0.3 Other Noncurrent Assets: Derivative Currency Contracts 2.0 — 2.0 Derivative Commodity Contracts 0.4 (0.1) 0.3 Other Accrued Expenses: Derivative Currency Contracts 2.5 (1.9) 0.6 Derivative Commodity Contracts 3.4 (2.0) 1.4 Other Noncurrent Liabilities: Derivative Currency Contracts 0.1 (0.1) — Derivative Commodity Contracts 0.1 — 0.1 December 31, 2022 Gross Amounts as Presented in the Condensed Consolidated Balance Sheet Derivative Contract Amounts Subject to Right of Offset Derivative Contracts as Presented on a Net Basis Prepaid Expenses and Other Current Assets: Derivative Currency Contracts $ 13.0 $ (2.5) $ 10.5 Derivative Commodity Contracts 0.9 (0.9) — Other Noncurrent Assets: Derivative Currency Contracts 0.9 — 0.9 Derivative Commodity Contracts 0.3 — 0.3 Other Accrued Expenses: Derivative Currency Contracts 4.8 (2.5) 2.3 Derivative Commodity Contracts 10.6 (0.9) 9.7

FAIR VALUE

FAIR VALUE	3 Months Ended
FAIR VALUE	Mar. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The inputs used to measure fair value are classified into the following hierarchy: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities Level 2 Unadjusted quoted prices in active markets for similar assets or liabilities, or Unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or Inputs other than quoted prices that are observable for the asset or liability Level 3 Unobservable inputs for the asset or liability The Company uses the best available information in measuring fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The fair values of cash equivalents and short-term deposits approximate their carrying values as of March 31, 2023 and December 31, 2022, due to the short period of time to maturity and are classified using Level 1 inputs. The fair values of trade receivables and accounts payable approximate the carrying values due to the short period of time to maturity. See Note 7 - Debt and Bank Credit Facilities for disclosure of the approximate fair value of the Company's debt as of March 31, 2023 and December 31, 2022. The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 Classification Assets: Prepaid Expenses and Other Current Assets: Derivative Currency Contracts $ 22.8 $ 13.0 Level 2 Derivative Commodity Contracts 2.3 0.9 Level 2 Other Noncurrent Assets: Assets Held in Rabbi Trust 12.1 6.4 Level 1 Derivative Currency Contracts 2.0 0.9 Level 2 Derivative Commodity Contracts 0.4 0.3 Level 2 Interest Rate Swap 4.3 7.9 Level 2 Liabilities: Other Accrued Expenses: Derivative Currency Contracts 2.5 4.8 Level 2 Derivative Commodity Contracts 3.4 10.6 Level 2 Other Noncurrent Liabilities: Derivative Currency Contracts 0.1 — Level 2 Derivative Commodity Contracts 0.1 — Level 2 Level 1 fair value measurements for assets held in a Rabbi Trust are unadjusted quoted prices. Level 2 fair value measurements for derivative assets and liabilities are measured using quoted prices in active markets for similar assets and liabilities. Interest rate swaps are valued based on the discounted cash flows using the SOFR forward yield curve for an instrument with similar contractual terms. Foreign currency forwards are valued based on exchange rates quoted by domestic and foreign banks for similar instruments. Commodity forwards are valued based on observable market transactions of forward commodity prices. Debt instruments are valued based on quoted prices in active markets for instruments with similar contractual terms.

RESTRUCTURING ACTIVITIES

RESTRUCTURING ACTIVITIES	3 Months Ended
RESTRUCTURING ACTIVITIES	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
RESTRUCTURING ACTIVITIES	RESTRUCTURING ACTIVITIES The Company incurred restructuring and restructuring-related costs on projects during three months ended March 31, 2023 and March 31, 2022. The Company has initiated restructuring plans to achieve cost synergies from procurement, distribution efficiencies, footprint rationalization and other general cost savings measures. Restructuring costs include employee termination and plant relocation costs. Restructuring-related costs also include costs directly associated with actions resulting from the Company's simplification initiatives, such as asset write-downs or accelerated depreciation due to shortened useful lives in connection with site closures, discretionary employment benefit costs and other facility rationalization costs. Restructuring costs for employee termination expenses are generally recognized when the severance liability is determined to be probable of being paid and reasonably estimable while plant relocation costs and related costs are generally required to be expensed as incurred. The following table presents a reconciliation of provisions and payments for the restructuring projects for the three months ended March 31, 2023 and March 31, 2022: Three Months Ended March 31, 2023 March 31, 2022 Beginning Balance $ 15.1 $ 5.0 Acquisition (1) 0.2 — Provision 5.0 16.8 Less: Payments/ Other 10.2 7.3 Ending Balance $ 10.1 $ 14.5 (1) Excludes $12.4 million of severance related to the Altra Transaction, which will be paid in the second quarter 2023. The following table presents a reconciliation of restructuring and restructuring-related costs for restructuring projects for the three months ended March 31, 2023 and March 31, 2022, respectively: Three Months Ended March 31, 2023 March 31, 2022 Restructuring Costs: Cost of Sales Operating Expenses Total Cost of Sales Operating Expenses Total Employee Termination Expenses $ 2.3 $ 0.6 $ 2.9 $ 4.8 $ 3.6 $ 8.4 Facility Related Costs 0.9 — 0.9 8.0 0.4 8.4 Other Expenses 1.2 — 1.2 — — — Total Restructuring Costs $ 4.4 $ 0.6 $ 5.0 $ 12.8 $ 4.0 $ 16.8 The following table presents the allocation of restructuring and restructuring-related costs by segment for the three months ended March 31, 2023 and March 31, 2022: Restructuring Costs - Three Months Ended Total Industrial Powertrain Solutions Power Efficiency Solutions Automation & Motion Control Industrial Systems March 31, 2023 $ 5.0 $ (0.4) $ 4.7 $ 0.5 $ 0.2 March 31, 2022 $ 16.8 $ 14.3 $ 1.0 $ 1.5 $ —

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
BASIS OF PRESENTATION (Policies)	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reclassifications	ReclassificationsCertain prior year amounts have been reclassified in the Condensed Consolidated Statements of Cash Flows to conform to the presentation used for the three months ended March 31, 2023.
New Accounting Standards Adopted	New Accounting Standards Adopted in 2023 In September 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations

OTHER FINANCIAL INFORMATION (Ta

OTHER FINANCIAL INFORMATION (Tables)	3 Months Ended
OTHER FINANCIAL INFORMATION (Tables)	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Disaggregation of Revenue	The following tables presents the Company’s revenues disaggregated by geographical region: Three Months Ended March 31, 2023 Industrial Powertrain Solutions Power Efficiency Solutions Automation & Motion Control Industrial Systems Total North America $ 293.2 $ 367.4 $ 141.8 $ 73.7 $ 876.1 Asia 16.5 43.8 1.4 36.7 98.4 Europe 52.8 42.7 43.8 15.6 154.9 Rest-of-World 51.9 15.6 16.2 11.0 94.7 Total $ 414.4 $ 469.5 $ 203.2 $ 137.0 $ 1,224.1 March 31, 2022 Industrial Powertrain Solutions Power Efficiency Solutions Automation & Motion Control Industrial Systems Total North America $ 290.3 $ 444.4 $ 132.1 $ 68.5 $ 935.3 Asia 31.2 50.4 3.2 39.4 124.2 Europe 57.6 46.3 40.5 12.3 156.7 Rest-of-World 37.2 26.1 8.5 10.5 82.3 Total $ 416.3 $ 567.2 $ 184.3 $ 130.7 $ 1,298.5
Schedule of Percentage Distribution between Major Classes of Inventory	The following table presents approximate percentage distribution between major classes of inventories: March 31, 2023 December 31, 2022 Raw Material and Work in Process 64.4% 57.0% Finished Goods and Purchased Parts 35.6% 43.0%
Schedule of Property, Plant, and Equipment by Major Classification	The following table presents property, plant, and equipment by major classification: Useful Life in Years March 31, 2023 December 31, 2022 Land and Improvements $ 147.9 $ 103.4 Buildings and Improvements 3 - 50 518.7 401.7 Machinery and Equipment 3 - 15 1,385.3 1,111.3 Property, Plant and Equipment 2,051.9 1,616.4 Less: Accumulated Depreciation (837.2) (809.4) Net Property, Plant and Equipment $ 1,214.7 $ 807.0

ACQUISITIONS AND DIVESTITURES (

ACQUISITIONS AND DIVESTITURES (Tables)	3 Months Ended
ACQUISITIONS AND DIVESTITURES (Tables)	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions	The preliminary purchase price of Altra consisted of the following: As of March 31, 2023 Cash paid for outstanding Altra Common Stock (i) $ 4,051.0 Stock based compensation (ii) 23.1 Payment of Altra debt (iii) 1,061.0 Pre-existing relationships (iv) (0.5) Preliminary purchase price $ 5,134.6 (i) Cash paid for the common stock component of the preliminary purchase price was based on 65.3 million shares of outstanding Altra Common Stock as of March 27, 2023 at $62.00 per share, in accordance with the Altra Merger Agreement. (ii) Represents fair value of replacement equity-based awards and Company common stock issued in settlement of other Altra share based awards. The portion of the fair value attributable to pre-acquisition service was recorded as part of the consideration transferred in the Altra Transaction. (iii) Cash paid by the Company to settle (a) the term loan facility (the "Altra Term Loan Facility"), (b) the revolving credit facility (the "Altra Revolving Credit Facility") and (c) 95.28% of the 6.125% senior notes due 2026 of Stevens Holding Company, Inc., a wholly owned subsidiary of Altra (the "Altra Notes"). $18.1 million of the Altra Notes remained outstanding following the closing of the Altra Transaction. See Note 7 - Debt and Bank Credit Facilities for more information. (iv) Represents effective settlement of outstanding payables and receivables between the Company and Altra. No gain or loss was recognized on this settlement
Schedule of Assets Acquired and Liabilities Assumed	The preliminary fair value of the assets acquired and liabilities assumed were as follows: As of March 31, 2023 Cash and Cash Equivalents $ 259.1 Trade Receivables 258.1 Inventories 436.4 Prepaid Expenses and Other Current Assets 33.0 Property, Plant and Equipment 411.8 Intangible Assets 2,224.0 Deferred Income Tax Benefits 0.7 Operating Lease Assets 42.3 Other Noncurrent Assets 21.6 Accounts Payable (183.2) Accrued Compensation and Benefits (66.1) Other Accrued Expenses (1) (145.7) Current Operating Lease Liabilities (12.5) Current Maturities of Long-Term Debt (0.4) Long-Term Debt (25.3) Deferred Income Taxes (560.7) Pension and Other Post Retirement Benefits (19.8) Noncurrent Operating Lease Liabilities (29.7) Other Noncurrent Liabilities (8.3) Total Identifiable Net Assets 2,635.3 Goodwill 2,499.3 Preliminary purchase price $ 5,134.6
Schedule of Fair Value and Weighted Average Useful Life of Identifiable Intangible Assets	The preliminary fair value and weighted average useful life of the identifiable intangible assets are as follows: Fair Value Weighted Average Useful Life (Years) Customer Relationships (1) $ 1,780.0 14.0 Trademarks (2) 340.0 10.0 Technology (3) 104.0 13.0 Total Identifiable Intangible Assets $ 2,224.0 (1) The fair value of Customer Relationships was valued using a multi-period excess earnings method, a form of the income approach, which incorporates the estimated future cash flows to be generated from Altra's existing customer base. (2) The Altra Trademarks were valued using the relief from royalty method, which considers both the market approach and the income approach. (3) The Altra Technology was valued using the relief from royalty method, which considers both the market approach and the income approach.
Schedule of Pro Forma Information	For the Three Months Ended March 31, 2023 For the Three Months Ended March 31, 2022 Net Sales $ 1,675.2 $ 1,810.2 Net Income Attributable to Regal Rexnord Corporation $ 37.6 $ (70.0) Earnings Per Share Attributable to Regal Rexnord Corporation: Basic $ 0.57 $ (1.04) Assuming Dilution $ 0.56 $ (1.04)

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	Mar. 31, 2023
Equity [Abstract]
Schedule of Changes In Accumulated Other Comprehensive Income (Loss) By Component, Net Of Tax	The following tables present changes in AOCI by component for the three months ended March 31, 2023 and March 31, 2022: Three Months Ended March 31, 2023 Hedging Activities Pension and Post Retirement Benefit Adjustments Foreign Currency Translation Adjustments Total Beginning Balance $ 17.3 $ (13.3) $ (356.1) $ (352.1) Other Comprehensive Income before Reclassifications 22.1 — 34.2 56.3 Tax Impact (5.3) — — (5.3) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) 1.7 (0.5) — 1.2 Tax Impact (0.4) 0.1 — (0.3) Net Current Period Other Comprehensive Income (Loss) 18.1 (0.4) 34.2 51.9 Ending Balance $ 35.4 $ (13.7) $ (321.9) $ (300.2) March 31, 2022 Hedging Activities Pension and Post Retirement Benefit Adjustments Foreign Currency Translation Adjustments Total Beginning Balance $ 21.0 $ (14.3) $ (201.8) $ (195.1) Other Comprehensive Income (Loss) before Reclassifications 34.4 0.2 (1.0) 33.6 Tax Impact (8.3) — — (8.3) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (8.0) 0.2 — (7.8) Tax Impact 2.0 — — 2.0 Net Current Period Other Comprehensive Income (Loss) 20.1 0.4 (1.0) 19.5 Ending Balance $ 41.1 $ (13.9) $ (202.8) $ (175.6)

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
GOODWILL AND INTANGIBLE ASSETS (Tables)	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes to Goodwill	The following table presents changes to goodwill during the three months ended March 31, 2023: Total Industrial Powertrain Solutions Power Efficiency Solutions Automation & Motion Control Industrial Systems Balance as of December 31, 2022 $ 4,018.8 $ 2,290.0 $ 752.3 $ 865.0 $ 111.5 Acquisitions 2,499.3 1,395.4 — 1,103.9 — Translation Adjustments 8.6 5.2 1.1 1.9 0.4 Balance as of March 31, 2023 $ 6,526.7 $ 3,690.6 $ 753.4 $ 1,970.8 $ 111.9 Cumulative Goodwill Impairment Charges $ 328.7 $ 18.1 $ 200.4 $ 5.1 $ 105.1
Schedule of Finite-Lived Intangible Assets	The following table presents intangible assets including those acquired in the Altra Transaction (see Note 3 - Acquisitions and Divestitures for more information): March 31, 2023 December 31, 2022 Weighted Average Amortization Period (Years) Gross Value Accumulated Net Carrying Amount Gross Value Accumulated Net Carrying Amount Customer Relationships 15 $ 4,129.2 $ 587.9 $ 3,541.3 $ 2,321.4 $ 532.0 $ 1,789.4 Technology 13 347.6 127.0 220.6 246.2 125.0 121.2 Trademarks 10 725.0 72.2 652.8 392.7 73.4 319.3 Total Intangibles $ 5,201.8 $ 787.1 $ 4,414.7 $ 2,960.3 $ 730.4 $ 2,229.9
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following table presents future estimated annual amortization expense for intangible assets: Year Estimated Amortization 2024 $ 356.0 2025 354.0 2026 350.5 2027 349.8 2028 349.8

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
SEGMENT INFORMATION (Tables)	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule Of Reportable Segments	The following sets forth certain financial information attributable to the Company's operating segments, recast as described above, for the three months ended March 31, 2023 and March 31, 2022: Three Months Ended March 31, 2023 Industrial Powertrain Solutions Power Efficiency Solutions Automation & Motion Control Industrial Systems Eliminations Total External Sales $ 414.4 $ 469.5 $ 203.2 $ 137.0 $ — $ 1,224.1 Intersegment Sales 3.5 4.2 5.2 0.7 (13.6) — Total Sales 417.9 473.7 208.4 137.7 (13.6) 1,224.1 Gross Profit 177.4 117.7 75.4 27.6 — 398.1 Operating Expenses 151.5 72.3 80.6 24.8 — 329.2 Total Operating Expenses 151.5 72.3 80.6 24.8 — 329.2 Income (Loss) from Operations 25.9 45.4 (5.2) 2.8 — 68.9 Depreciation and Amortization 41.6 11.7 19.7 3.5 — 76.5 Capital Expenditures 5.4 8.7 3.1 1.5 — 18.7 March 31, 2022 External Sales $ 416.3 $ 567.2 $ 184.3 $ 130.7 $ — $ 1,298.5 Intersegment Sales 1.6 2.9 3.4 0.5 (8.4) — Total Sales 417.9 570.1 187.7 131.2 (8.4) 1,298.5 Gross Profit 154.3 177.5 63.0 27.1 — 421.9 Operating Expenses 108.0 73.1 50.7 20.2 — 252.0 Total Operating Expenses 108.0 73.1 50.7 20.2 — 252.0 Income from Operations 46.3 104.4 12.3 6.9 — 169.9 Depreciation and Amortization 42.6 12.1 19.7 3.5 — 77.9 Capital Expenditures 2.5 7.9 1.6 1.4 — 13.4
Schedule of Reconciliation of Segment Assets	The following table presents identifiable assets information attributable to the Company's operating segments, recast as described above, as of March 31, 2023 and December 31, 2022: Industrial Powertrain Solutions Power Efficiency Solutions Automation & Motion Control Industrial Systems Total Identifiable Assets as of March 31, 2023 $ 8,456.2 $ 2,234.5 $ 5,107.5 $ 749.2 $ 16,547.4 Identifiable Assets as of December 31, 2022 5,028.5 2,234.1 2,202.2 804.1 10,268.9

DEBT AND BANK CREDIT FACILITI_2

DEBT AND BANK CREDIT FACILITIES (Tables)	3 Months Ended
DEBT AND BANK CREDIT FACILITIES (Tables)	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Indebtedness	The following table presents the Company’s indebtedness as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 Senior Notes $ 4,700.0 $ — Term Facility 1,359.0 536.3 Private Placement Notes — 500.0 Land Term Facility 486.8 486.8 Multicurrency Revolving Facility 700.0 429.0 Altra Notes 18.1 — Other 82.2 76.7 Less: Debt Issuance Costs (61.3) (5.3) Total 7,284.8 2,023.5 Less: Current Maturities 74.2 33.8 Long-Term Debt $ 7,210.6 $ 1,989.7
Schedule of Maturities of Long-Term Debt	Maturities of long-term debt outstanding as of March 31, 2023, excluding debt issuance costs, are as follows: Year Amount of Maturity 2023 $ 56.8 2024 73.4 2025 73.7 2026 1,191.6 2027 2,289.4 Thereafter 3,661.2 Total $ 7,346.1

RETIREMENT PLANS (Tables)

RETIREMENT PLANS (Tables)	3 Months Ended
RETIREMENT PLANS (Tables)	Mar. 31, 2023
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]
Schedule of Net Periodic Defined Benefit Pension Cost	The following table presents the Company’s net periodic benefit cost (income) components: Three Months Ended March 31, 2023 March 31, 2022 Service Cost $ 0.3 $ 0.3 Interest Cost 5.6 3.6 Expected Return on Plan Assets (6.7) (5.1) Amortization of Prior Service Cost and Net Actuarial Loss (0.5) 0.2 Net Periodic Benefit Income $ (1.3) $ (1.0)

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	3 Months Ended
SHAREHOLDERS' EQUITY (Tables)	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award	During the three months ended March 31, 2023, the Company granted the following share-based incentive awards: Award Type Number of Awards Weighted Average Grant-Date Fair Value Options and SARs 1 147,174 $ 54.96 Restricted Stock Awards 1 20,400 $ 135.29 Restricted Stock Units 1 248,794 $ 141.92 Performance Share Units 58,807 $ 235.77 1 Certain outstanding equity-based awards held by employees of Altra that related to shares of Altra Common Stock were replaced by equity-based awards of the Company Common Stock with substantially similar terms and conditions. These awards include 32,419 options with a weighted-average grant date fair value of $57.64, 20,114 restricted stock awards with a weighted-average grant date fair value of $135.50 and 161,414 restricted stock units with a weighted-average grant date fair value of $135.50 issued as replacement awards for Altra unvested awards outstanding at close of the Altra Transaction on March 27, 2023.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule Of Reconciliation Of Basic And Diluted Shares Used in EPS	The following table reconciles the basic and diluted shares used in earnings per share calculations for the three months ended March 31, 2023 and March 31, 2022: Three Months Ended March 31, 2023 March 31, 2022 Denominator for Basic Earnings Per Share 66.2 67.4 Effect of Dilutive Securities 0.4 0.5 Denominator for Diluted Earnings Per Share 66.6 67.9

CONTINGENCIES (Tables)

CONTINGENCIES (Tables)	3 Months Ended
CONTINGENCIES (Tables)	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule Of Accrued Warranty Costs	The following table presents a reconciliation of the changes in accrued warranty costs for the three months ended March 31, 2023 and March 31, 2022: Three Months Ended March 31, 2023 March 31, 2022 Beginning Balance $ 28.8 $ 23.0 Less: Payments (3.3) (5.6) Provisions 6.2 6.0 Acquisitions 9.8 — Ending Balance $ 41.5 $ 23.4

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Forward Contracts	he Company had the following currency forward contracts outstanding (with maturities extending through August 2024): March 31, 2023 December 31, 2022 Chinese Renminbi $ 251.4 $ 173.8 Mexican Peso 189.1 215.2 Euro 342.3 159.6 Indian Rupee 44.2 33.1 British Pound 6.0 2.1 The Company had the following commodity forward contracts outstanding (with maturities extending through August 2024) to hedge forecasted purchases of commodities (notional amounts expressed in terms of the dollar value of the hedged item): March 31, 2023 December 31, 2022 Copper $ 67.4 $ 89.4 Aluminum 2.3 4.0
Schedule of Fair Values of Derivative Instruments	Fair values of derivative instruments as of March 31, 2023 and December 31, 2022 were: March 31, 2023 Prepaid Expenses and Other Current Assets Other Noncurrent Assets Other Accrued Expenses Other Noncurrent Liabilities Designated as Hedging Instruments: Interest Rate Swap Contracts $ — $ 4.3 $ — $ — Currency Contracts 22.0 2.0 2.4 0.1 Commodity Contracts 2.3 0.4 3.3 0.1 Not Designated as Hedging Instruments: Currency Contracts 0.8 — 0.1 — Commodity Contracts — — 0.1 — Total Derivatives $ 25.1 $ 6.7 $ 5.9 $ 0.2 December 31, 2022 Prepaid Expenses and Other Current Assets Other Noncurrent Assets Other Accrued Expenses Other Noncurrent Liabilities Designated as Hedging Instruments: Interest Rate Swap Contracts $ — $ 7.9 $ — $ — Currency Contracts 12.3 0.9 4.8 — Commodity Contracts 0.9 0.3 10.2 — Not Designated as Hedging Instruments: Currency Contracts 0.7 — — — Commodity Contracts — — 0.4 — Total Derivatives $ 13.9 $ 9.1 $ 15.4 $ —
Schedule of Cash Flow Hedging Instruments	Derivatives Designated as Cash Flow Hedging Instruments The effect of derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income were: Three Months Ended March 31, 2023 March 31, 2022 Commodity Forwards Currency Forwards Interest Rate Swaps Total Commodity Forwards Currency Forwards Interest Rate Swaps Total Gain (Loss) Recognized in Other Comprehensive Income (Loss) $ 5.5 $ 20.3 $ (3.7) $ 22.1 $ 13.4 $ 10.4 $ 10.6 $ 34.4 Amounts Reclassified from Other Comprehensive Income (Loss): Gain recognized in Net Sales — — — — — 0.1 — 0.1 (Loss) Gain Recognized in Cost of Sales (5.0) 2.0 — (3.0) 5.2 3.0 — 8.2 Gain (Loss) Recognized in Interest Expense — — 1.3 1.3 — — (0.3) (0.3) Derivatives Not Designated as Cash Flow Hedging Instruments: The effect of derivative instruments not designated as cash flow hedges on the Condensed Consolidated Statements of Income were: Three Months Ended March 31, 2023 March 31, 2022 Commodity Forwards Currency Forwards Commodity Forwards Currency Forwards Gain recognized in Cost of Sales $ 0.2 $ — $ 0.6 $ — Gain recognized in Operating Expenses — 1.9 — 1.5
Schedule of Derivatives Under Enforceable Master Netting Agreements	The following table presents the derivative assets and derivative liabilities presented on a net basis under enforceable master netting agreements: March 31, 2023 Gross Amounts as Presented in the Condensed Consolidated Balance Sheet Derivative Contract Amounts Subject to Right of Offset Derivative Contracts as Presented on a Net Basis Prepaid Expenses and Other Current Assets: Derivative Currency Contracts $ 22.8 $ (1.9) $ 20.9 Derivative Commodity Contracts 2.3 (2.0) 0.3 Other Noncurrent Assets: Derivative Currency Contracts 2.0 — 2.0 Derivative Commodity Contracts 0.4 (0.1) 0.3 Other Accrued Expenses: Derivative Currency Contracts 2.5 (1.9) 0.6 Derivative Commodity Contracts 3.4 (2.0) 1.4 Other Noncurrent Liabilities: Derivative Currency Contracts 0.1 (0.1) — Derivative Commodity Contracts 0.1 — 0.1 December 31, 2022 Gross Amounts as Presented in the Condensed Consolidated Balance Sheet Derivative Contract Amounts Subject to Right of Offset Derivative Contracts as Presented on a Net Basis Prepaid Expenses and Other Current Assets: Derivative Currency Contracts $ 13.0 $ (2.5) $ 10.5 Derivative Commodity Contracts 0.9 (0.9) — Other Noncurrent Assets: Derivative Currency Contracts 0.9 — 0.9 Derivative Commodity Contracts 0.3 — 0.3 Other Accrued Expenses: Derivative Currency Contracts 4.8 (2.5) 2.3 Derivative Commodity Contracts 10.6 (0.9) 9.7

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
FAIR VALUE (Tables)	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule Of Financial Assets And Liabilities At Fair Value	The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 Classification Assets: Prepaid Expenses and Other Current Assets: Derivative Currency Contracts $ 22.8 $ 13.0 Level 2 Derivative Commodity Contracts 2.3 0.9 Level 2 Other Noncurrent Assets: Assets Held in Rabbi Trust 12.1 6.4 Level 1 Derivative Currency Contracts 2.0 0.9 Level 2 Derivative Commodity Contracts 0.4 0.3 Level 2 Interest Rate Swap 4.3 7.9 Level 2 Liabilities: Other Accrued Expenses: Derivative Currency Contracts 2.5 4.8 Level 2 Derivative Commodity Contracts 3.4 10.6 Level 2 Other Noncurrent Liabilities: Derivative Currency Contracts 0.1 — Level 2 Derivative Commodity Contracts 0.1 — Level 2

RESTRUCTURING ACTIVITIES (Table

RESTRUCTURING ACTIVITIES (Tables)	3 Months Ended
RESTRUCTURING ACTIVITIES (Tables)	Mar. 31, 2023
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 months ended March 31, 2023 and March 31, 2022: Three Months Ended March 31, 2023 March 31, 2022 Beginning Balance $ 15.1 $ 5.0 Acquisition (1) 0.2 — Provision 5.0 16.8 Less: Payments/ Other 10.2 7.3 Ending Balance $ 10.1 $ 14.5 (1) Excludes $12.4 million of severance related to the Altra Transaction, which will be paid in the second quarter 2023.
Schedule of Reconciliation Of Expenses By Type	The following table presents a reconciliation of restructuring and restructuring-related costs for restructuring projects for the three months ended March 31, 2023 and March 31, 2022, respectively: Three Months Ended March 31, 2023 March 31, 2022 Restructuring Costs: Cost of Sales Operating Expenses Total Cost of Sales Operating Expenses Total Employee Termination Expenses $ 2.3 $ 0.6 $ 2.9 $ 4.8 $ 3.6 $ 8.4 Facility Related Costs 0.9 — 0.9 8.0 0.4 8.4 Other Expenses 1.2 — 1.2 — — — Total Restructuring Costs $ 4.4 $ 0.6 $ 5.0 $ 12.8 $ 4.0 $ 16.8 The following table presents the allocation of restructuring and restructuring-related costs by segment for the three months ended March 31, 2023 and March 31, 2022: Restructuring Costs - Three Months Ended Total Industrial Powertrain Solutions Power Efficiency Solutions Automation & Motion Control Industrial Systems March 31, 2023 $ 5.0 $ (0.4) $ 4.7 $ 0.5 $ 0.2 March 31, 2022 $ 16.8 $ 14.3 $ 1.0 $ 1.5 $ —

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	3 Months Ended
BASIS OF PRESENTATION (Details)	Mar. 31, 2023 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	4

OTHER FINANCIAL INFORMATION (Di

OTHER FINANCIAL INFORMATION (Disaggregation of Revenue) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Net Sales	$ 1,224.1	$ 1,298.5
Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	414.4	416.3
Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	469.5	567.2
Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	203.2	184.3
Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	137	130.7
North America
Disaggregation of Revenue [Line Items]
Net Sales	876.1	935.3
North America \| Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	293.2	290.3
North America \| Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	367.4	444.4
North America \| Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	141.8	132.1
North America \| Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	73.7	68.5
Asia
Disaggregation of Revenue [Line Items]
Net Sales	98.4	124.2
Asia \| Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	16.5	31.2
Asia \| Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	43.8	50.4
Asia \| Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	1.4	3.2
Asia \| Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	36.7	39.4
Europe
Disaggregation of Revenue [Line Items]
Net Sales	154.9	156.7
Europe \| Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	52.8	57.6
Europe \| Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	42.7	46.3
Europe \| Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	43.8	40.5
Europe \| Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	15.6	12.3
Rest-of-World
Disaggregation of Revenue [Line Items]
Net Sales	94.7	82.3
Rest-of-World \| Industrial Powertrain Solutions
Disaggregation of Revenue [Line Items]
Net Sales	51.9	37.2
Rest-of-World \| Power Efficiency Solutions
Disaggregation of Revenue [Line Items]
Net Sales	15.6	26.1
Rest-of-World \| Automation & Motion Control
Disaggregation of Revenue [Line Items]
Net Sales	16.2	8.5
Rest-of-World \| Industrial Systems
Disaggregation of Revenue [Line Items]
Net Sales	$ 11	$ 10.5

OTHER FINANCIAL INFORMATION (Pe

OTHER FINANCIAL INFORMATION (Percentage Distribution Between Major Classes of Inventory) (Details) - Inventory Concentration Risk - Inventories	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Raw Material and Work in Process
Inventory [Line Items]
Percentage of total inventory	64.40%	57%
Finished Goods and Purchased Parts
Inventory [Line Items]
Percentage of total inventory	35.60%	43%

OTHER FINANCIAL INFORMATION (Pr

OTHER FINANCIAL INFORMATION (Property, Plant, And Equipment By Major Classification) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	$ 2,051.9	$ 1,616.4
Less: Accumulated Depreciation	(837.2)	(809.4)
Net Property, Plant and Equipment	1,214.7	807
Land and Improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	147.9	103.4
Buildings and Improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	$ 518.7	401.7
Buildings and Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful Life in Years	3 years
Buildings and Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful Life in Years	50 years
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	$ 1,385.3	$ 1,111.3
Machinery and Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful Life in Years	3 years
Machinery and Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful Life in Years	15 years

OTHER FINANCIAL INFORMATION (Na

OTHER FINANCIAL INFORMATION (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplier financing obligations	$ 72.1	$ 69.9

ACQUISITIONS AND DIVESTITURES_2

ACQUISITIONS AND DIVESTITURES (Narrative) (Details) - USD ($)		3 Months Ended		12 Months Ended
	Mar. 27, 2023	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Common stock, par value (in dollars per share)		$ 0.01		$ 0.01
Share-based payment arrangement, accelerated cost		$ 15,700,000
Altra Merger Agreement
Business Acquisition [Line Items]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.01
Share price (in dollars per share)	$ 62
Preliminary purchase price	$ 5,100,000,000	$ 5,134,600,000
Payment of Altra transaction expenses		65,600,000	$ 0	$ 14,700,000
Share-based payment arrangement, accelerated cost		15,700,000
Altra Merger Agreement \| Acquisition-related Costs
Business Acquisition [Line Items]
Revenues		81,300,000	$ 99,000,000
Altra Merger Agreement \| Fair Value Adjustment to Inventory
Business Acquisition [Line Items]
Revenues		$ 64,200,000

ACQUISITIONS AND DIVESTITURES_3

ACQUISITIONS AND DIVESTITURES (Preliminary Purchase Price) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
	Mar. 27, 2023	Mar. 31, 2023	Mar. 31, 2022	Jan. 24, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Stock based compensation		$ 21.7	$ 6.3
Common stock, shares outstanding (in shares)		66.3			66.2
Long-term debt		$ 7,284.8			$ 2,023.5
Senior Notes Due 2026 \| Senior Notes
Business Acquisition [Line Items]
Debt instrument interest rate (in percent)				6.05%
Altra Merger Agreement
Business Acquisition [Line Items]
Cash payment		4,051
Stock based compensation		23.1
Payment of Altra debt		1,061
Pre-existing relationships		(0.5)
Preliminary purchase price	$ 5,100	$ 5,134.6
Share price (in dollars per share)	$ 62
Altra Merger Agreement \| Altra Industrial Motion Corp
Business Acquisition [Line Items]
Common stock, shares outstanding (in shares)	65.3
Altra Merger Agreement \| Senior Notes Due 2026 \| Senior Notes
Business Acquisition [Line Items]
Percentage of debt outstanding		95.28%
Debt instrument interest rate (in percent)		6.125%
Long-term debt		$ 18.1

ACQUISITIONS AND DIVESTITURES_4

ACQUISITIONS AND DIVESTITURES (Fair Values of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill	$ 6,526.7	$ 4,018.8
Altra Merger Agreement
Business Acquisition [Line Items]
Cash and Cash Equivalents	259.1
Trade Receivables	258.1
Inventories	436.4
Prepaid Expenses and Other Current Assets	33
Property, Plant and Equipment	411.8
Intangible Assets	2,224
Deferred Income Tax Benefits	0.7
Operating Lease Assets	42.3
Other Noncurrent Assets	21.6
Accounts Payable	(183.2)
Accrued Compensation and Benefits	(66.1)
Other accrued expenses	(145.7)
Current Operating Lease Liabilities	(12.5)
Current Maturities of Long-Term Debt	(0.4)
Long-Term Debt	(25.3)
Deferred Income Taxes	(560.7)
Pension and Other Post Retirement Benefits	(19.8)
Noncurrent Operating Lease Liabilities	(29.7)
Other Noncurrent Liabilities	(8.3)
Total Identifiable Net Assets	2,635.3
Goodwill	2,499.3
Preliminary purchase price	5,134.6
Transaction costs	$ 60.1

ACQUISITIONS AND DIVESTITURES_5

ACQUISITIONS AND DIVESTITURES (Fair Value and Weighted Average Useful Life of Identifiable Intangible Assets) (Details) - Altra Merger Agreement $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 2,224
Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 1,780
Weighted Average Useful Life (Years)	14 years
Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 340
Weighted Average Useful Life (Years)	10 years
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 104
Weighted Average Useful Life (Years)	13 years

ACQUISITIONS AND DIVESTITURES_6

ACQUISITIONS AND DIVESTITURES (Pro Forma Information) (Details) - Altra Merger Agreement - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Business Acquisition [Line Items]
Net Sales	$ 1,675.2	$ 1,810.2
Net Income Attributable to Regal Rexnord Corporation	$ 37.6	$ (70)
Basic (in dollars per share)	$ 0.57	$ (1.04)
Diluted (in dollars per share)	$ 0.56	$ (1.04)

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 6,422.6	$ 6,408.2
Other Comprehensive Income (Loss) before Reclassifications	56.3	33.6
Tax Impact	(5.3)	(8.3)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	1.2	(7.8)
Tax Impact	(0.3)	2
Net Current Period Other Comprehensive Income (Loss)	51.9	19.5
Ending balance	6,455.7	6,423.8
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(352.1)	(195.1)
Ending balance	(300.2)	(175.6)
Hedging Activities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	17.3	21
Other Comprehensive Income (Loss) before Reclassifications	22.1	34.4
Tax Impact	(5.3)	(8.3)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	1.7	(8)
Tax Impact	(0.4)	2
Net Current Period Other Comprehensive Income (Loss)	18.1	20.1
Ending balance	35.4	41.1
Pension and Post Retirement Benefit Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(13.3)	(14.3)
Other Comprehensive Income (Loss) before Reclassifications	0	0.2
Tax Impact	0	0
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	(0.5)	0.2
Tax Impact	0.1	0
Net Current Period Other Comprehensive Income (Loss)	(0.4)	0.4
Ending balance	(13.7)	(13.9)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(356.1)	(201.8)
Other Comprehensive Income (Loss) before Reclassifications	34.2	(1)
Tax Impact	0	0
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	0	0
Tax Impact	0	0
Net Current Period Other Comprehensive Income (Loss)	34.2	(1)
Ending balance	$ (321.9)	$ (202.8)

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Schedule Of Changes To Goodwill) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 4,018.8
Acquisitions	2,499.3
Translation Adjustments	8.6
Ending balance	6,526.7
Cumulative Goodwill Impairment Charges	328.7
Industrial Powertrain Solutions
Goodwill [Roll Forward]
Beginning balance	2,290
Acquisitions	1,395.4
Translation Adjustments	5.2
Ending balance	3,690.6
Cumulative Goodwill Impairment Charges	18.1
Industrial Systems
Goodwill [Roll Forward]
Beginning balance	752.3
Acquisitions	0
Translation Adjustments	1.1
Ending balance	753.4
Cumulative Goodwill Impairment Charges	200.4
Automation & Motion Control
Goodwill [Roll Forward]
Beginning balance	865
Acquisitions	1,103.9
Translation Adjustments	1.9
Ending balance	1,970.8
Cumulative Goodwill Impairment Charges	5.1
Industrial Systems
Goodwill [Roll Forward]
Beginning balance	111.5
Acquisitions	0
Translation Adjustments	0.4
Ending balance	111.9
Cumulative Goodwill Impairment Charges	$ 105.1

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS (Schedule Of Intangible Assets) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Value	$ 5,201.8	$ 2,960.3
Accumulated Amortization	787.1	730.4
Net Carrying Amount	$ 4,414.7	2,229.9
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	15 years
Gross Value	$ 4,129.2	2,321.4
Accumulated Amortization	587.9	532
Net Carrying Amount	$ 3,541.3	1,789.4
Technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	13 years
Gross Value	$ 347.6	246.2
Accumulated Amortization	127	125
Net Carrying Amount	$ 220.6	121.2
Trademarks
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	10 years
Gross Value	$ 725	392.7
Accumulated Amortization	72.2	73.4
Net Carrying Amount	$ 652.8	$ 319.3

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Goodwill [Line Items]
Amortization of intangible assets	$ 46.3	$ 47.3
Estimated amortization expense remainder of year	$ 316.7

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS (Schedule Of Estimated Amortization) (Details) $ in Millions	Mar. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 356
2025	354
2026	350.5
2027	349.8
2028	$ 349.8

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Millions	3 Months Ended
SEGMENT INFORMATION (Details) $ in Millions	Mar. 31, 2023 USD ($) segment	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| segment	4
Total Sales	$ 1,224.1	$ 1,298.5
Gross Profit	398.1	421.9
Operating Expenses	329.2	252
Total Operating Expenses	329.2	252
Income (Loss) from Operations	68.9	169.9
Depreciation and Amortization	76.5	77.9
Capital Expenditures	18.7	13.4
Assets	16,547.4		$ 10,268.9
Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales	414.4	416.3
Assets	8,456.2		5,028.5
Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales	469.5	567.2
Assets	2,234.5		2,234.1
Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales	203.2	184.3
Assets	5,107.5		2,202.2
Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	137	130.7
Assets	749.2		$ 804.1
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total Sales	13.6	8.4
Intersegment Eliminations \| Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales	(3.5)	(1.6)
Intersegment Eliminations \| Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales	(4.2)	(2.9)
Intersegment Eliminations \| Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales	(5.2)	(3.4)
Intersegment Eliminations \| Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	(0.7)	(0.5)
Operating Segments \| Industrial Powertrain Solutions
Segment Reporting Information [Line Items]
Total Sales	417.9	417.9
Gross Profit	177.4	154.3
Operating Expenses	151.5	108
Total Operating Expenses	151.5	108
Income (Loss) from Operations	25.9	46.3
Depreciation and Amortization	41.6	42.6
Capital Expenditures	5.4	2.5
Operating Segments \| Power Efficiency Solutions
Segment Reporting Information [Line Items]
Total Sales	473.7	570.1
Gross Profit	117.7	177.5
Operating Expenses	72.3	73.1
Total Operating Expenses	72.3	73.1
Income (Loss) from Operations	45.4	104.4
Depreciation and Amortization	11.7	12.1
Capital Expenditures	8.7	7.9
Operating Segments \| Automation & Motion Control
Segment Reporting Information [Line Items]
Total Sales	208.4	187.7
Gross Profit	75.4	63
Operating Expenses	80.6	50.7
Total Operating Expenses	80.6	50.7
Income (Loss) from Operations	(5.2)	12.3
Depreciation and Amortization	19.7	19.7
Capital Expenditures	3.1	1.6
Operating Segments \| Industrial Systems
Segment Reporting Information [Line Items]
Total Sales	137.7	131.2
Gross Profit	27.6	27.1
Operating Expenses	24.8	20.2
Total Operating Expenses	24.8	20.2
Income (Loss) from Operations	2.8	6.9
Depreciation and Amortization	3.5	3.5
Capital Expenditures	$ 1.5	$ 1.4

DEBT AND BANK CREDIT FACILITI_3

DEBT AND BANK CREDIT FACILITIES (Schedule Of Indebtedness) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, gross	$ 7,346.1
Less: Debt Issuance Costs	(61.3)	$ (5.3)
Total	7,284.8	2,023.5
Less: Current Maturities	74.2	33.8
Long-Term Debt	7,210.6	1,989.7
Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	4,700	0
Senior Notes \| Altra Notes
Debt Instrument [Line Items]
Long-term debt, gross	18.1	0
Line of Credit \| Term Facility
Debt Instrument [Line Items]
Long-term debt, gross	1,359	536.3
Line of Credit \| Land Term Facility
Debt Instrument [Line Items]
Long-term debt, gross	486.8	486.8
Line of Credit \| Multicurrency Revolving Facility
Debt Instrument [Line Items]
Long-term debt, gross	700	429
Private Placement Notes
Debt Instrument [Line Items]
Long-term debt, gross	0	500
Other
Debt Instrument [Line Items]
Long-term debt, gross	$ 82.2	$ 76.7

DEBT AND BANK CREDIT FACILITI_4

DEBT AND BANK CREDIT FACILITIES (Narrative) (Details) - USD ($)				3 Months Ended		12 Months Ended
	Mar. 27, 2023	Jan. 24, 2023	Oct. 26, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Apr. 07, 2022	Mar. 28, 2022
Debt Instrument [Line Items]
Long-term debt, gross				$ 7,346,100,000
Fair value of debt				7,283,100,000		$ 1,926,600,000
Long-term debt				7,284,800,000		2,023,500,000
Bridge Loan
Debt Instrument [Line Items]
Principal amount			$ 5,500,000,000
Debt instrument term			364 days
Debt fees paid						27,500,000
Interest expense				10,500,000	$ 17,000,000
Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity								$ 570,000,000
Private Placement Notes
Debt Instrument [Line Items]
Long-term debt, gross				0		500,000,000
Principal amount							$ 500,000,000
Debt instrument interest rate (in percent)							3.90%
Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross				4,700,000,000		0
Possible increase in interest rate (in percent)		2%
Proceeds from senior notes		$ 4,647,000,000
Interest bearing deposits		3,600,000,000
Interest income				$ 29,400,000
Senior Notes \| Senior Notes Due 2026
Debt Instrument [Line Items]
Principal amount		$ 1,100,000,000
Debt instrument interest rate (in percent)		6.05%
Senior Notes \| Senior Notes Due 2026 \| Altra Merger Agreement
Debt Instrument [Line Items]
Debt instrument interest rate (in percent)				6.125%
Long-term debt				$ 18,100,000
Percentage of debt outstanding				95.28%
Debt assumed	$ 382,700,000
Senior Notes \| Senior Notes Due 2028
Debt Instrument [Line Items]
Principal amount		$ 1,250,000,000
Debt instrument interest rate (in percent)		6.05%
Senior Notes \| Senior Notes Due 2030
Debt Instrument [Line Items]
Principal amount		$ 1,100,000,000
Debt instrument interest rate (in percent)		6.30%
Senior Notes \| Senior Notes Due 2033
Debt Instrument [Line Items]
Principal amount		$ 1,250,000,000
Debt instrument interest rate (in percent)		6.40%
Other
Debt Instrument [Line Items]
Long-term debt, gross				$ 82,200,000		76,700,000
Weighted average interest rate (in percent)				4.80%	5.10%
Land Term Facility \| Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross				$ 486,800,000		486,800,000
Weighted average interest rate (in percent)				5.90%	1.70%
Multicurrency Revolving Facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity								1,000,000,000
Long-term debt, gross				$ 700,000,000		429,000,000
Weighted average interest rate, over time				5.80%	1.70%
Available borrowing capacity				$ 870,000,000
Average daily balance				$ 580,600,000	$ 773,700,000
Non-use fee, percentage				0.30%
Multicurrency Revolving Facility \| Letter of Credit
Debt Instrument [Line Items]
Long-term line of credit				$ 0
Term Facility
Debt Instrument [Line Items]
Amortization rate per annum (in percent)				5%
Term Facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity								550,000,000
Additional borrowing capacity								$ 840,000,000
Long-term debt, gross				$ 1,359,000,000		$ 536,300,000
Weighted average interest rate, over time				6%	2%

DEBT AND BANK CREDIT FACILITI_5

DEBT AND BANK CREDIT FACILITIES (Maturities Of Long-Term Debt) (Details) $ in Millions	Mar. 31, 2023 USD ($)
Debt Disclosure [Abstract]
2023	$ 56.8
2024	73.4
2025	73.7
2026	1,191.6
2027	2,289.4
Thereafter	3,661.2
Total	$ 7,346.1

RETIREMENT PLANS (Schedule Of N

RETIREMENT PLANS (Schedule Of Net Periodic Defined Benefit Pension Cost) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]
Service Cost	$ 0.3	$ 0.3
Interest Cost	5.6	3.6
Expected Return on Plan Assets	(6.7)	(5.1)
Amortization of Prior Service Cost and Net Actuarial Loss	(0.5)	0.2
Net Periodic Benefit Income	$ (1.3)	$ (1)

RETIREMENT PLANS (Narrative) (D

RETIREMENT PLANS (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Altra Merger Agreement
Defined Contribution Plan Disclosure [Line Items]
Benefit obligations	$ 30.5
Plan assets	13.8
Other Postretirement Benefits Plan
Defined Contribution Plan Disclosure [Line Items]
Contributions	1.5	$ 1.7	$ 8.3
Expected contributions	6.5
Pension Plan
Defined Contribution Plan Disclosure [Line Items]
Contributions	$ 6.2	$ 5.9

SHAREHOLDERS' EQUITY (Narrative

SHAREHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Stockholders' Equity Note [Abstract]
Compensation expense	$ 21.7	$ 6.3
Share-based payment arrangement, accelerated cost	15.7
Excess income tax benefit recognized related to share-based compensation	$ 1.4	$ 1.5

SHAREHOLDERS' EQUITY (Summary O

SHAREHOLDERS' EQUITY (Summary Of Share-Based Incentive Plan Grant Activity For Options and SAR's) (Details)	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Options and SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares) \| shares	147,174
Options granted, weighted average exercise price (in dollars per share) \| $ / shares	$ 54.96
Options and SARs \| Employees Of Altra
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares) \| shares	32,419
Options granted, weighted average exercise price (in dollars per share) \| $ / shares	$ 57.64
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards other than options granted (in shares) \| shares	20,400
Awards other than options granted, weighted average fair value at grant date (in dollars per share) \| $ / shares	$ 135.29
Restricted Stock Awards \| Employees Of Altra
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards other than options granted (in shares) \| shares	20,114
Awards other than options granted, weighted average fair value at grant date (in dollars per share) \| $ / shares	$ 135.50
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards other than options granted (in shares) \| shares	248,794
Awards other than options granted, weighted average fair value at grant date (in dollars per share) \| $ / shares	$ 141.92
Restricted Stock Units \| Employees Of Altra
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards other than options granted (in shares) \| shares	161,414
Awards other than options granted, weighted average fair value at grant date (in dollars per share) \| $ / shares	$ 135.50
Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards other than options granted (in shares) \| shares	58,807
Awards other than options granted, weighted average fair value at grant date (in dollars per share) \| $ / shares	$ 235.77

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended
INCOME TAXES (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Effective tax rate	180.90%	22.20%
Unrecognized tax benefits	$ 9.4		$ 5.7
Accrued interest	$ 1.2		$ 1.2

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares shares in Millions	3 Months Ended
EARNINGS PER SHARE (Details) - shares shares in Millions	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Shares excluded from the calculation of the effect of dilutive securities (in shares)	0.4	0.1
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Denominator for basic earnings per share (in shares)	66.2	67.4
Effect of dilutive securities (in shares)	0.4	0.5
Denominator for diluted earnings per share (in shares)	66.6	67.9

CONTINGENCIES (Narrative) (Deta

CONTINGENCIES (Narrative) (Details) $ in Millions	3 Months Ended	12 Months Ended
CONTINGENCIES (Narrative) (Details) $ in Millions	Mar. 31, 2023 USD ($) subsidiary claimant	Jan. 01, 2022
Commitments and Contingencies Disclosure [Abstract]
Number of subsidiaries involved in litigation \| subsidiary	1
Long-term purchase commitment \| $	$ 900
Loss contingency, full amount paid	100%	100%
Loss contingency, claims settled and dismissed, number \| claimant	350

CONTINGENCIES (Changes in Accru

CONTINGENCIES (Changes in Accrued Warranty) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning Balance	$ 28.8	$ 23
Less: Payments	(3.3)	(5.6)
Provisions	6.2	6
Acquisitions	9.8	0
Ending Balance	$ 41.5	$ 23.4

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS (Narrative) (Details)	1 Months Ended	3 Months Ended	12 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Narrative) (Details)	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	May 31, 2022 USD ($) derivative_instrument	Jun. 30, 2020 USD ($) derivative_instrument
Derivative [Line Items]
Derivative gains, net of tax		$ 16,400,000	$ 11,900,000
Net AOCI hedging component		35,400,000
Net current deferred gain expected to be realized in the next twelve months		$ 24,200,000
Forward Contracts
Derivative [Line Items]
Number of derivative instruments \| derivative_instrument				2	2
Notional amount of instrument				$ 250,000,000	$ 250,000,000
Proceeds from derivative instrument	$ 16,200,000

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS (Schedule Of Notional Amounts Of Forward Contracts) (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022	May 31, 2022	Jun. 30, 2020
Forward Contracts
Derivative [Line Items]
Notional amount of instrument			$ 250,000,000	$ 250,000,000
Forward Contracts \| Chinese Renminbi
Derivative [Line Items]
Notional amount of instrument	$ 251,400,000	$ 173,800,000
Forward Contracts \| Mexican Peso
Derivative [Line Items]
Notional amount of instrument	189,100,000	215,200,000
Forward Contracts \| Euro
Derivative [Line Items]
Notional amount of instrument	342,300,000	159,600,000
Forward Contracts \| Indian Rupee
Derivative [Line Items]
Notional amount of instrument	44,200,000	33,100,000
Forward Contracts \| British Pound
Derivative [Line Items]
Notional amount of instrument	6,000,000	2,100,000
Commodity Contracts \| Copper
Derivative [Line Items]
Notional amount of instrument	67,400,000	89,400,000
Commodity Contracts \| Aluminum
Derivative [Line Items]
Notional amount of instrument	$ 2,300,000	$ 4,000,000

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS (Schedule Of Fair Values Of Derivative Instruments) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Currency Contracts
Derivative [Line Items]
Derivative liability	$ 0.1
Commodity Contracts
Derivative [Line Items]
Derivative liability	0.1
Prepaid Expenses and Other Current Assets
Derivative [Line Items]
Derivative asset	25.1	$ 13.9
Other Noncurrent Assets
Derivative [Line Items]
Derivative asset	6.7	9.1
Other Accrued Expenses
Derivative [Line Items]
Derivative liability	5.9	15.4
Other Noncurrent Liabilities
Derivative [Line Items]
Derivative liability	0.2	0
Designated as Hedging Instruments: \| Prepaid Expenses and Other Current Assets \| Interest Rate Swap Contracts
Derivative [Line Items]
Derivative asset	0	0
Designated as Hedging Instruments: \| Prepaid Expenses and Other Current Assets \| Currency Contracts
Derivative [Line Items]
Derivative asset	22	12.3
Designated as Hedging Instruments: \| Prepaid Expenses and Other Current Assets \| Commodity Contracts
Derivative [Line Items]
Derivative asset	2.3	0.9
Designated as Hedging Instruments: \| Other Noncurrent Assets \| Interest Rate Swap Contracts
Derivative [Line Items]
Derivative asset	4.3	7.9
Designated as Hedging Instruments: \| Other Noncurrent Assets \| Currency Contracts
Derivative [Line Items]
Derivative asset	2	0.9
Designated as Hedging Instruments: \| Other Noncurrent Assets \| Commodity Contracts
Derivative [Line Items]
Derivative asset	0.4	0.3
Designated as Hedging Instruments: \| Other Accrued Expenses \| Interest Rate Swap Contracts
Derivative [Line Items]
Derivative liability	0	0
Designated as Hedging Instruments: \| Other Accrued Expenses \| Currency Contracts
Derivative [Line Items]
Derivative liability	2.4	4.8
Designated as Hedging Instruments: \| Other Accrued Expenses \| Commodity Contracts
Derivative [Line Items]
Derivative liability	3.3	10.2
Designated as Hedging Instruments: \| Other Noncurrent Liabilities \| Interest Rate Swap Contracts
Derivative [Line Items]
Derivative liability	0	0
Designated as Hedging Instruments: \| Other Noncurrent Liabilities \| Currency Contracts
Derivative [Line Items]
Derivative liability	0.1	0
Designated as Hedging Instruments: \| Other Noncurrent Liabilities \| Commodity Contracts
Derivative [Line Items]
Derivative liability	0.1	0
Not Designated as Hedging Instruments: \| Prepaid Expenses and Other Current Assets \| Currency Contracts
Derivative [Line Items]
Derivative asset	0.8	0.7
Not Designated as Hedging Instruments: \| Prepaid Expenses and Other Current Assets \| Commodity Contracts
Derivative [Line Items]
Derivative asset	0	0
Not Designated as Hedging Instruments: \| Other Noncurrent Assets \| Currency Contracts
Derivative [Line Items]
Derivative asset	0	0
Not Designated as Hedging Instruments: \| Other Noncurrent Assets \| Commodity Contracts
Derivative [Line Items]
Derivative asset	0	0
Not Designated as Hedging Instruments: \| Other Accrued Expenses \| Currency Contracts
Derivative [Line Items]
Derivative liability	0.1	0
Not Designated as Hedging Instruments: \| Other Accrued Expenses \| Commodity Contracts
Derivative [Line Items]
Derivative liability	0.1	0.4
Not Designated as Hedging Instruments: \| Other Noncurrent Liabilities \| Currency Contracts
Derivative [Line Items]
Derivative liability	0	0
Not Designated as Hedging Instruments: \| Other Noncurrent Liabilities \| Commodity Contracts
Derivative [Line Items]
Derivative liability	$ 0	$ 0

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS (Schedule Of Cash Flow Hedging Instruments) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	$ 16.4		$ 11.9
Cash Flow Hedging \| Designated as Hedging Instruments:
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	22.1	$ 34.4
Cash Flow Hedging \| Designated as Hedging Instruments: \| Net Sales
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	0	0.1
Cash Flow Hedging \| Designated as Hedging Instruments: \| Cost of Sales
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	(3)	8.2
Cash Flow Hedging \| Designated as Hedging Instruments: \| Interest Expense
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	1.3	(0.3)
Cash Flow Hedging \| Designated as Hedging Instruments: \| Commodity Forwards
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	5.5	13.4
Cash Flow Hedging \| Designated as Hedging Instruments: \| Commodity Forwards \| Net Sales
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	0	0
Cash Flow Hedging \| Designated as Hedging Instruments: \| Commodity Forwards \| Cost of Sales
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	(5)	5.2
Cash Flow Hedging \| Designated as Hedging Instruments: \| Commodity Forwards \| Interest Expense
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	0	0
Cash Flow Hedging \| Designated as Hedging Instruments: \| Currency Forwards
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	20.3	10.4
Cash Flow Hedging \| Designated as Hedging Instruments: \| Currency Forwards \| Net Sales
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	0	0.1
Cash Flow Hedging \| Designated as Hedging Instruments: \| Currency Forwards \| Cost of Sales
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	2	3
Cash Flow Hedging \| Designated as Hedging Instruments: \| Currency Forwards \| Interest Expense
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	0	0
Cash Flow Hedging \| Designated as Hedging Instruments: \| Interest Rate Swaps
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	(3.7)	10.6
Cash Flow Hedging \| Designated as Hedging Instruments: \| Interest Rate Swaps \| Net Sales
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	0	0
Cash Flow Hedging \| Designated as Hedging Instruments: \| Interest Rate Swaps \| Cost of Sales
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	0	0
Cash Flow Hedging \| Designated as Hedging Instruments: \| Interest Rate Swaps \| Interest Expense
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	1.3	(0.3)
Cash Flow Hedging \| Not Designated as Hedging Instruments: \| Commodity Forwards \| Cost of Sales
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	0.2	0.6
Cash Flow Hedging \| Not Designated as Hedging Instruments: \| Commodity Forwards \| Operating Expenses
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	0	0
Cash Flow Hedging \| Not Designated as Hedging Instruments: \| Currency Forwards \| Cost of Sales
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	0	0
Cash Flow Hedging \| Not Designated as Hedging Instruments: \| Currency Forwards \| Operating Expenses
Derivative [Line Items]
Amounts reclassified from other comprehensive income (loss)	$ 1.9	$ 1.5

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS (Offsetting) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Currency Contracts
Offsetting Derivative Assets [Abstract]
Derivative Asset, Current	$ 22.8	$ 13
Derivative Contract Amounts Subject to Right of Offset	(1.9)	(2.5)
Derivative Asset, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election, Current	20.9	10.5
Derivative Asset, Noncurrent	2	0.9
Derivative Contract Amounts Subject to Right of Offset	0	0
Derivative Asset, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election, Noncurrent	2	0.9
Offsetting Derivative Liabilities [Abstract]
Derivative Liability, Current	2.5	4.8
Derivative Contract Amounts Subject to Right of Offset	(1.9)	(2.5)
Derivative Liability, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election, Current	0.6	2.3
Derivative liability	0.1
Derivative Contract Amounts Subject to Right of Offset	(0.1)
Derivative liability, derivative contracts as presented on a net basis	0
Commodity Contracts
Offsetting Derivative Assets [Abstract]
Derivative Asset, Current	2.3	0.9
Derivative Contract Amounts Subject to Right of Offset	(2)	(0.9)
Derivative Asset, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election, Current	0.3	0
Derivative Asset, Noncurrent	0.4	0.3
Derivative Contract Amounts Subject to Right of Offset	(0.1)	0
Derivative Asset, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election, Noncurrent	0.3	0.3
Offsetting Derivative Liabilities [Abstract]
Derivative Liability, Current	3.4	10.6
Derivative Contract Amounts Subject to Right of Offset	(2)	(0.9)
Derivative Liability, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election, Current	1.4	$ 9.7
Derivative liability	0.1
Derivative Contract Amounts Subject to Right of Offset	0
Derivative liability, derivative contracts as presented on a net basis	$ 0.1

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset, statement of financial position [Extensible Enumeration]		Other Assets, Noncurrent
Prepaid Expenses and Other Current Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	$ 25.1	$ 13.9
Other Noncurrent Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	6.7	9.1
Other Accrued Expenses
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	5.9	15.4
Other Noncurrent Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0.2	0
Derivative Currency Contracts \| Level 2 \| Prepaid Expenses and Other Current Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	22.8	13
Derivative Currency Contracts \| Level 2 \| Other Noncurrent Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	2	0.9
Derivative Currency Contracts \| Level 2 \| Other Accrued Expenses
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	2.5	4.8
Derivative Currency Contracts \| Level 2 \| Other Noncurrent Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0.1	0
Derivative Commodity Contracts \| Level 2 \| Prepaid Expenses and Other Current Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	2.3	0.9
Derivative Commodity Contracts \| Level 2 \| Other Noncurrent Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	0.4	0.3
Derivative Commodity Contracts \| Level 2 \| Other Accrued Expenses
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	3.4	10.6
Derivative Commodity Contracts \| Level 2 \| Other Noncurrent Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	$ 0.1	0
Assets Held in Rabbi Trust
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset, statement of financial position [Extensible Enumeration]	Other Assets, Noncurrent
Assets Held in Rabbi Trust \| Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	$ 12.1	$ 6.4
Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset, statement of financial position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Interest Rate Swap \| Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	$ 4.3	$ 7.9

RESTRUCTURING ACTIVITIES (Sched

RESTRUCTURING ACTIVITIES (Schedule Of Restructuring Reserve) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 10.1	$ 15.1	$ 5
Acquisition		0.2	0
Provision		5	16.8
Less: Payments/ Other		10.2	7.3
Ending Balance		$ 10.1	$ 14.5
Forecast \| Altra Merger Agreement
Restructuring Reserve [Roll Forward]
Severance costs	$ 12.4

RESTRUCTURING ACTIVITIES (Recon

RESTRUCTURING ACTIVITIES (Reconciliation Of Expenses By Type) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 5	$ 16.8
Total restructuring and restructuring-related costs	5	16.8
Industrial Powertrain Solutions
Restructuring Cost and Reserve [Line Items]
Total restructuring and restructuring-related costs	(0.4)	14.3
Power Efficiency Solutions
Restructuring Cost and Reserve [Line Items]
Total restructuring and restructuring-related costs	4.7	1
Automation & Motion Control
Restructuring Cost and Reserve [Line Items]
Total restructuring and restructuring-related costs	0.5	1.5
Industrial Systems
Restructuring Cost and Reserve [Line Items]
Total restructuring and restructuring-related costs	0.2	0
Employee Termination Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	2.9	8.4
Facility Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.9	8.4
Other Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	1.2	0
Cost of Sales
Restructuring Cost and Reserve [Line Items]
Restructuring costs	4.4	12.8
Cost of Sales \| Employee Termination Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	2.3	4.8
Cost of Sales \| Facility Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.9	8
Cost of Sales \| Other Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	1.2	0
Operating Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.6	4
Operating Expenses \| Employee Termination Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.6	3.6
Operating Expenses \| Facility Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	0.4
Operating Expenses \| Other Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 0	$ 0

RESTRUCTURING ACTIVITIES (Narra

RESTRUCTURING ACTIVITIES (Narrative) (Details) $ in Millions	Mar. 31, 2023 USD ($)
Restructuring and Related Activities [Abstract]
Expected future restructuring charges	$ 60