REGAL REXNORD CORP, 10-K filed on 2/20/2026
Annual Report
v3.25.4
Cover Page - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2025
Feb. 18, 2026
Jun. 30, 2025
Cover [Abstract]      
Document Type 10-K    
Document Period End Date Dec. 31, 2025    
Current Fiscal Year End Date --12-31    
Entity File Number 1-7283    
Entity Registrant Name REGAL REXNORD CORPORATION    
Entity Incorporation, State or Country Code WI    
Entity Tax Identification Number 39-0875718    
Entity Address, Address Line One 111 West Michigan Street    
Entity Address, City or Town Milwaukee    
Entity Address, State or Province WI    
Entity Address, Postal Zip Code 53203    
City Area Code 608    
Local Phone Number 364-8800    
Title of 12(b) Security Common Stock ($0.01 Par Value)    
Trading Symbol RRX    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
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    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction Flag false    
Entity Shell Company false    
Entity Public Float     $ 9.5
Entity Common Stock, Shares Outstanding   66,499,582  
Documents Incorporated by Reference
Certain information contained in the Proxy Statement for the Annual Meeting of Shareholders to be held on April 28, 2026 (the “2026 Proxy Statement”) is incorporated by reference into Part III hereof.
    
Entity Central Index Key 0000082811    
Amendment Flag false    
Document Year Focus 2025    
Document Period Focus FY    
Document Annual Report true    
Document Transition Report false    
v3.25.4
Audit Information
 12 Months Ended
Dec. 31, 2025
Audit Information [Abstract]  
Auditor Name Deloitte & Touche LLP
Auditor Location Milwaukee, Wisconsin
Auditor Firm ID 34
v3.25.4
CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net Sales $ 5,934.5 $ 6,033.8 $ 6,250.7
Cost of Sales 3,716.7 3,842.8 4,183.4
Gross Profit 2,217.8 2,191.0 2,067.3
Operating Expenses 1,532.5 1,552.5 1,545.2
Goodwill Impairment 0.0 0.0 57.3
Loss on Sale of Businesses 4.5 8.5 87.7
Total Operating Expenses 1,537.0 1,561.0 1,690.2
Income from Operations 680.8 630.0 377.1
Interest Expense 349.2 399.7 431.0
Interest Income (23.7) (18.8) (43.6)
Other Expense (Income), Net 2.8 1.1 (8.7)
Income (Loss) before Taxes 352.5 248.0 (1.6)
Provision for Income Taxes 71.7 49.6 52.7
Net Income (Loss) 280.8 198.4 (54.3)
Less: Net Income Attributable to Noncontrolling Interests 1.3 2.2 3.1
Net Income (Loss) Attributable to Regal Rexnord Corporation $ 279.5 $ 196.2 $ (57.4)
Earnings (Loss) Per Share Attributable to Regal Rexnord Corporation:      
Basic (in dollars per share) $ 4.22 $ 2.96 $ (0.87)
Assuming Dilution (in dollars per share) $ 4.20 $ 2.94 $ (0.87)
Weighted Average Number of Shares Outstanding:      
Basic (in shares) 66.3 66.4 66.3
Assuming Dilution (in shares) 66.6 66.7 66.3
v3.25.4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net Income (Loss) $ 280.8 $ 198.4 $ (54.3)
Translation:      
Foreign Currency Translation Adjustments 345.4 (251.6) 69.4
Reclassification of Foreign Currency Translation Losses to Earnings (see Note 3 - Acquisitions and Divestitures) 0.0 121.3 0.0
Hedging Activities:      
Increase (Decrease) in Fair Value of Hedging Activities 22.0 (14.1) 21.4
Reclassification of Gains Included in Net Income (Loss) (0.2) (20.2) (9.9)
Reclassification of Gains Included in Net Income (Loss) 21.8 (34.3) 11.5
Pension and Post Retirement Plans:      
Decrease (Increase) in Prior Service Cost and Unrecognized Loss 1.2 3.7 (10.4)
Amortization of Prior Service Cost and Unrecognized (Gain) Loss Included in Net Periodic Pension Cost (0.6) (0.2) (1.3)
Amortization of Prior Service Cost and Unrecognized (Gain) Loss Included in Net Periodic Pension Cost 0.6 3.5 (11.7)
Other Comprehensive Income (Loss) 367.8 (161.1) 69.2
Comprehensive Income 648.6 37.3 14.9
Less: Comprehensive Income Attributable to Noncontrolling Interest 1.8 1.4 2.6
Comprehensive Income Attributable to Regal Rexnord Corporation $ 646.8 $ 35.9 $ 12.3
v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and Cash Equivalents $ 521.7 $ 393.5
Trade Receivables, Less Allowances of $10.5 Million in 2025 and $29.9 Million in 2024 524.2 842.8
Inventories 1,321.7 1,227.5
Prepaid Expenses and Other Current Assets 344.7 287.5
Total Current Assets 2,712.3 2,751.3
Net Property, Plant and Equipment 911.8 921.0
Operating Lease Assets 145.2 141.3
Goodwill 6,611.3 6,458.9
Intangible Assets, Net of Amortization 3,418.4 3,664.5
Deferred Income Tax Benefits 36.2 30.0
Other Noncurrent Assets 85.8 66.7
Total Assets 13,921.0 14,033.7
Current Liabilities:    
Accounts Payable 607.3 542.8
Dividends Payable 23.2 23.2
Accrued Compensation and Benefits 205.5 191.3
Accrued Interest 84.0 84.0
Other Accrued Expenses 281.7 333.8
Current Operating Lease Liabilities 38.5 35.6
Current Maturities of Long-Term Debt 24.1 5.0
Total Current Liabilities 1,264.3 1,215.7
Long-Term Debt 4,764.6 5,452.7
Deferred Income Taxes 752.6 815.5
Pension and Other Post Retirement Benefits 106.0 109.5
Noncurrent Operating Lease Liabilities 114.0 114.1
Other Noncurrent Liabilities 66.2 59.0
Contingencies (See Note 12 - Contingencies)
Regal Rexnord Corporation Shareholders' Equity:    
Common Stock, $0.01 Par Value, 150.0 Million Shares Authorized, 66.4 Million and 66.3 Million Shares Issued and Outstanding at December 31, 2025 and December 31, 2024, Respectively 0.7 0.7
Additional Paid-In Capital 4,688.5 4,658.0
Retained Earnings 2,230.3 2,043.8
Accumulated Other Comprehensive Loss (75.4) (442.7)
Total Regal Rexnord Corporation Shareholders' Equity 6,844.1 6,259.8
Noncontrolling Interests 9.2 7.4
Total Equity 6,853.3 6,267.2
Total Liabilities and Equity $ 13,921.0 $ 14,033.7
v3.25.4
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
shares in Millions, $ in Millions
Dec. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Allowance for doubtful accounts receivable $ 10.5 $ 29.9
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 150.0 150.0
Common stock, shares issued (in shares) 66.4 66.3
Common stock, shares outstanding (in shares) 66.4 66.3
v3.25.4
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Beginning balance at Dec. 31, 2022 $ 6,422.6 $ 0.7 $ 4,609.6 $ 2,130.0 $ (352.1) $ 34.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (54.3)     (57.4)   3.1
Other Comprehensive Income (Loss) 69.2       69.7 (0.5)
Dividends Declared (92.8)     (92.8)    
Common Stock Issued For The Exercise of Share-Based Compensation Awards (9.6)   (9.6)      
Share-Based Compensation 41.6   41.6      
Replacement Equity-Based Awards Granted Upon Acquisition of the Rexnord PMC business 4.6   4.6      
Dividends Declared to Noncontrolling Interests (16.2)         (16.2)
Ending balance at Dec. 31, 2023 6,365.1 0.7 4,646.2 1,979.8 (282.4) 20.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 198.4     196.2   2.2
Other Comprehensive Loss (282.4)       (281.6) (0.8)
Other Comprehensive Income (Loss) (161.1)       (160.3)  
Dividends Declared (93.0)     (93.0)    
Common Stock Issued For The Exercise of Share-Based Compensation Awards (12.2)   (12.2)      
Share-Based Compensation 34.8   34.8      
Repurchase of Common Stock (50.0)   (10.8) (39.2)    
Businesses Divested 109.8       121.3 (11.5)
Dividends Declared to Noncontrolling Interests (3.3)         (3.3)
Ending balance at Dec. 31, 2024 6,267.2 0.7 4,658.0 2,043.8 (442.7) 7.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 280.8     279.5   1.3
Other Comprehensive Income (Loss) 367.8       367.3 0.5
Dividends Declared (93.0)     (93.0)    
Common Stock Issued For The Exercise of Share-Based Compensation Awards (6.8)   (6.8)      
Share-Based Compensation 37.3   37.3      
Dividends Declared to Noncontrolling Interests 0.0          
Ending balance at Dec. 31, 2025 $ 6,853.3 $ 0.7 $ 4,688.5 $ 2,230.3 $ (75.4) $ 9.2
v3.25.4
CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]      
Common stock, par value (in dollars per share) $ 0.01 $ 0.01 $ 0.01
Dividends declared (in dollars per share) $ 1.40 $ 1.40 $ 1.38
v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 280.8 $ 198.4 $ (54.3)
Adjustments to Reconcile Net income to Net Cash Provided by Operating Activities (Net of Acquisitions and Divestitures):      
Depreciation 154.5 165.3 185.0
Amortization 346.1 346.5 307.8
Goodwill Impairment 0.0 0.0 57.3
Asset Impairments 0.0 4.0 7.8
Noncash Lease Expense 43.3 43.5 42.9
Share-Based Compensation Expense 37.3 34.8 58.2
Financing Fee Expense 14.0 13.1 32.8
Loss on Sale of Businesses 4.5 8.5 87.7
Gain on Sale of Assets (2.6) (3.1) (0.6)
Benefit from Deferred Income Taxes (97.2) (152.3) (115.3)
Other Non-Cash Changes 5.6 8.9 9.6
Change in Operating Assets and Liabilities, Net of Acquisitions and Divestitures      
Receivables 345.0 23.0 51.7
Inventories (62.7) 23.9 262.6
Accounts Payable 45.1 (0.4) (70.1)
Other Assets and Liabilities (122.9) (104.7) (147.8)
Net Cash Provided by Operating Activities 990.8 609.4 715.3
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to Property, Plant and Equipment (97.7) (109.5) (119.1)
Business Acquisitions, Net of Cash Acquired 0.0 0.0 (4,870.2)
Proceeds Received from Sales of Property, Plant and Equipment 23.7 4.9 6.3
Proceeds Received from Sale of Businesses, Net of Cash Transferred 3.0 380.0 0.0
Net Cash (Used in) Provided by Investing Activities (71.0) 275.4 (4,983.0)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings Under Revolving Credit Facility 1,514.5 1,626.7 2,294.1
Repayments Under Revolving Credit Facility (1,554.5) (1,684.8) (2,625.0)
Proceeds from Long-Term Borrowings 0.0 0.0 5,532.9
Repayments of Long-Term Borrowings (669.4) (880.2) (826.3)
Proceeds from Short-Term Borrowings 0.0 0.0 58.0
Repayments of Short-Term Borrowings 0.0 0.0 (61.2)
Dividends Paid to Shareholders (93.0) (93.0) (92.8)
Shares Surrendered for Taxes (8.4) (15.8) (12.1)
Proceeds from the Exercise of Stock Options 2.0 4.9 3.3
Financing Fees Paid (5.3) (0.3) (51.1)
Repurchase of Common Stock 0.0 (50.0) 0.0
Distributions to Noncontrolling Interests 0.0 (3.3) (16.2)
Net Cash (Used in) Provided by Financing Activities (814.1) (1,095.8) 4,203.6
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS 22.5 (30.8) 10.9
Net Increase (Decrease) in Cash and Cash Equivalents 128.2 (241.8) (53.2)
Cash and Cash Equivalents at Beginning of Period 393.5 635.3 688.5
Cash and Cash Equivalents at End of Period 521.7 393.5 635.3
Cash Paid For:      
Interest 312.1 380.3 319.6
Income Taxes 188.7 177.1 206.9
Noncash Transaction:      
Right-of-use asset recognized during the period in exchange for finance lease obligation $ 26.8 $ 3.9 $ 0.6
v3.25.4
Nature of Operations
 12 Months Ended
Dec. 31, 2025
Nature of Operations [Abstract]  
Nature of Operations Nature of Operations
Regal Rexnord Corporation (the “Company”) is a United States-based multi-national corporation. The Company and its associates around the world help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company’s electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmit motion to power industrial applications. Our automation offering, comprised of controls, actuators, drives, and small, precision motors control motion in applications ranging from factory automation to providing precision control in surgical tools. The Company operates through its three segments: Automation & Motion Control ("AMC"), Industrial Powertrain Solutions ("IPS"), and Power Efficiency Solutions ("PES"). See Note 5 - Segment Information.

The sale of the industrial motors and generators businesses, which closed on April 30, 2024 as further described in Note 3 – Acquisitions and Divestitures, did not represent a strategic shift that will have a major effect on the Company's operations and financial results and, therefore, did not qualify for presentation as discontinued operations. Results for the industrial motors and generators businesses are included in Regal Rexnord's results and related disclosures through the close of sale on April 30, 2024.
v3.25.4
Accounting Policies
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Accounting Policies Accounting Policies
Principles of Consolidation
The consolidated financial statements include the accounts of the Company and its wholly owned and majority-owned subsidiaries. In addition, the Company has joint ventures that are consolidated in accordance with consolidation accounting guidance. All intercompany accounts and transactions are eliminated.
Use of Estimates
The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”), which require the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the 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 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.
Acquisitions
The Company recognizes assets acquired, liabilities assumed, contractual contingencies and contingent consideration at their fair value on the acquisition date. The operating results of the acquired companies are included in the Company’s consolidated financial statements from the date of acquisition.
Acquisition-related costs are expensed as incurred, restructuring costs are recognized as post-acquisition expense and changes in deferred tax asset valuation allowances and income tax uncertainties after the measurement period are recorded in Provision for Income Taxes. See Note 3 - Acquisitions and Divestitures for more information.
Revenue Recognition
The Company recognizes revenue from the sale of premium-efficiency electric motors and air moving subsystems, highly engineered industrial power transmission components and subsystems, and a portfolio of discrete automation products that include controls, actuators, drives, and high-precision servo motors. The Company recognizes revenue when control of the product passes to the customer or the service is provided. Revenue is recognized at an amount that reflects the consideration expected to be received in exchange for such goods or services.
For certain contracts, the Company recognizes revenue over time in proportion to costs incurred. These contracts generally represent a single distinct performance obligation due to the highly customized and interrelated nature of the underlying product provided to our customers. The pricing of products sold is generally supported by customer purchase orders, and accounts receivable collection is reasonably assured. Estimated discounts and rebates are recorded as a reduction of gross sales in the same period revenue is recognized. Product returns and credits are estimated and recorded at the time of shipment based upon historical experience. Shipping and handling costs are recorded as revenue when billed to the customers. The costs incurred from shipping are recorded in Cost of Sales and handling costs incurred in connection with selling and distribution activities are recorded in Operating Expenses.
The Company derives a significant portion of its revenues from several original equipment manufacturing ("OEM") customers. There were no customers that accounted for more than 10% of consolidated net sales in 2025, 2024 or 2023.
Nature of Goods and Services
The Company sells products with multiple applications as well as customized products that have a single application such as those manufactured for its OEM customers. Products include, but are not limited to, automation components and sub-systems, bearings, air moving systems, clutches and brakes, conveyor technologies, couplings, premium efficiency electric motors, electronic components, gearing, industrial powertrains, linear motion components, power transmission components, switchgear, transfer switches and controls, and miniature servo motors.
Nature of Performance Obligations
The Company’s contracts with customers typically consist of purchase orders, invoices and master supply agreements. At contract inception, across all three segments, the Company assesses the goods and services promised in its sales arrangements with customers and identifies a performance obligation for each promise to transfer to the customer a good or service that is distinct. The Company’s primary performance obligations consist of product sales and customized systems/solutions.
Product:
The nature of products varies from segment to segment but across all segments, individual products are generally not integrated and represent separate performance obligations.
Customized Systems/Solutions:
The Company provides customized systems/solutions which consist of multiple products engineered and designed to specific customer specification, combined or integrated into one combined solution for a specific customer application. The goods are transferred to the customer and revenue is typically recognized over time as the performance obligations are satisfied.
When Performance Obligations are Satisfied
For performance obligations related to substantially all of the Company's product sales, the Company determines that the customer obtains control upon shipment and recognizes revenue accordingly. Once a product has shipped, the customer is able to direct the use of and obtain substantially all of the remaining benefits from the asset. The Company considers control to have transferred upon shipment because the Company has a present right to payment at that time, the customer has legal title to the asset, the Company has transferred physical possession of the asset, and the customer has significant risks and rewards of ownership of the asset.
For certain contracts, the Company transfers control and recognizes revenue over time. We generally recognize revenue over time on contracts for which we are creating an asset with no alternative use and have an enforceable right to payment for performance completed to date. The Company satisfies its performance obligations over time and uses a cost-based input method to measure progress. In applying the cost-based method of revenue recognition, the Company uses actual costs incurred to date relative to the total estimated costs for the contract in conjunction with the customer's commitment to perform in determining the amount of revenue to recognize. The Company has determined that the cost-based input method provides a faithful depiction of the transfer of goods to the customer.
Payment Terms
The arrangement with the customer states the final terms of the sale, including the description, quantity, and price of each product or service purchased. Payment terms vary by customer but typically range from due upon delivery to 120 days after delivery. For contracts recognized at a point in time, revenue recognition and billing typically occur simultaneously. The Company generally has payment terms with its customers of one year or less and has elected the practical expedient applicable to such contracts not to consider the time value of money. For contracts recognized using the cost-based input method, the Company determines the contract asset or contract liability position at each reporting period. Contract assets relate to the Company's right to consideration for work completed but not billed at the reporting date and are recorded in Prepaid Expenses and Other Current Assets on the Consolidated Balance Sheets. Contract liabilities relate to advance consideration received from customers or advance billings for which revenue has not been recognized and are recorded in Other Accrued Expenses on the Consolidated Balance Sheets. The Company recorded contract assets and liabilities of $83.5 million and $34.5 million, respectively, as of December 31, 2025. Contract assets and contract liabilities were not material as of December 31, 2024.
Returns, Refunds and Warranties
The Company’s contracts do not explicitly offer a “general” right of return to its customers (e.g. customers ordered excess products and return unused items). Warranties are classified as either assurance type or service type warranties. A warranty is considered an assurance type warranty if it provides the customer with assurance that the product will function as intended. A warranty that goes above and beyond ensuring basic functionality is considered a service type warranty. The Company generally only offers limited warranties which are considered to be assurance type warranties and are not accounted for as separate performance obligations. Customers generally receive repair or replacement on products that do not function to specification. Estimated product warranties are provided for specific product groups and the Company accrues for estimated future warranty cost in the period in which the sale is recognized. The Company estimates the accrual requirements based on historical warranty loss experience and the cost is included in Cost of Sales. See Note 12 - Contingencies for more information.
Volume Rebates
In some cases, the nature of the Company’s contract may give rise to variable consideration including volume based sales incentives. If the customer achieves specific sales targets, it is entitled to rebates. The Company estimates the projected amount of the rebates that will be achieved and recognizes the estimated costs as a reduction to Net Sales as revenue is recognized.
Disaggregation of Revenue
The following table presents the Company’s revenues disaggregated by geographical region for the years ended December 31, 2025, December 31, 2024 and December 31, 2023, respectively:
December 31, 2025Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
North America$1,127.4 $1,736.9 $1,295.8 $4,160.1 
Asia109.4 165.6 167.7 442.7 
Europe372.6 495.8 134.6 1,003.0 
Rest-of-World80.4 195.8 52.5 328.7 
Total$1,689.8 $2,594.1 $1,650.6 $5,934.5 
December 31, 2024Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsTotal
North America$1,088.8 $1,734.9 $1,276.5 $79.4 $4,179.6 
Asia91.5 172.7 167.7 44.3 476.2 
Europe372.7 482.0 133.9 17.6 1,006.2 
Rest-of-World80.8 208.5 66.0 16.5 371.8 
Total$1,633.8 $2,598.1 $1,644.1 $157.8 $6,033.8 
December 31, 2023Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsTotal
North America$1,006.3 $1,636.1 $1,419.2 $274.6 $4,336.2 
Asia76.1 168.9 178.7 146.6 570.3 
Europe342.6 420.5 149.7 55.8 968.6 
Rest-of-World91.8 178.0 61.3 44.5 375.6 
Total$1,516.8 $2,403.5 $1,808.9 $521.5 $6,250.7 

Transaction Price Allocated to Remaining Performance Obligations

As of December 31, 2025, we estimated that approximately $955 million in revenue is expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied), of which 21% and 79% is expected to be recognized in 2026 and 2027, respectively. Data center orders of $735 million are reflected in 2027. These amounts exclude revenue allocated to remaining performance obligations for contracts with original terms of 12 months or less.

Practical Expedients and Exemptions

The Company typically expenses incremental direct costs of obtaining a contract, primarily sales commissions, as incurred because the amortization period is expected to be 12 months or less. Contract costs are included in Operating Expenses in the accompanying Consolidated Statements of Income (Loss).

The Company typically does not include in its transaction price any amounts collected from customers for sales taxes.
Research, Development and Engineering
The Company performs research, development and engineering activities relating to new product development and the improvement of current products. The Company's research, development and engineering expenses consist primarily of costs for: (i) salaries and related personnel expenses; (ii) the design and development of new energy efficient products and enhancements; (iii) quality assurance and testing; and (iv) other related overhead. The Company's research, development and engineering efforts tend to be targeted toward developing new products that would allow it to gain additional market share, whether in new or existing segments.
Research, development and engineering costs are expensed as incurred. The costs are primarily recorded in Operating Expenses and were as follows for the years noted in the table below:
December 31, 2025December 31, 2024December 31, 2023
Research, Development and Engineering Costs$198.7 $176.4 $171.0 

Cash and Cash Equivalents
Cash equivalents consist of highly liquid investments which are readily convertible to cash, present insignificant risk of changes in value due to interest rate fluctuations and have original or purchased maturities of three months or less.
Concentration of Credit Risk
Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash equivalents. The Company has material deposits with global financial institutions. The Company performs periodic evaluations of the relative credit standing of its financial institutions and monitors the amount of exposure.
Concentration of credit risk with respect to trade accounts receivable is limited due to the large number of customers and their dispersion across many geographic areas. The Company monitors credit risk associated with its trade receivables.
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. 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.
The Company has an accounts receivable securitization facility (the “Securitization Facility"). The Company accounts for receivables sold under the Securitization Facility as a sale of financial assets pursuant to ASC 860 “Transfers and Servicing” and derecognizes these receivables from its Consolidated Balance Sheets. See Note 6 - Receivables Securitization for more information.
Inventories
The following table presents approximate percentage distribution between major classes of inventories:
December 31, 2025December 31, 2024
Raw Material and Work in Process63.4%67.8%
Finished Goods and Purchased Parts36.6%32.2%

Inventories are stated at the lower of cost or net realizable value, using the FIFO cost method. Material, labor and factory overhead costs are included in the inventories.

The Company reviews inventories for excess and obsolete products or components. Based on an analysis of historical usage and management's evaluation of estimated future demand, market conditions and alternative uses for possible excess or obsolete parts, the Company records an excess and obsolete reserve.
Property, Plant and Equipment
Property, Plant and Equipment are stated at cost. Depreciation of plant and equipment is provided principally on a straight-line basis over the estimated useful lives (3 to 50 years) of the depreciable assets. Accelerated methods are used for income tax purposes.

Expenditures for repairs and maintenance are charged to expense when incurred. Expenditures which extend the useful lives of existing equipment are capitalized and depreciated.

Upon retirement or disposition of property and equipment, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized. Leasehold improvements are capitalized and amortized over the lesser of the life of the lease or the estimated useful life of the asset.

Property, plant and equipment by major classification was as follows:
Useful Life (In Years)December 31, 2025December 31, 2024
Land and Improvements$130.6 $134.5 
Buildings and Improvements
3-50
434.8 387.2 
Machinery, Equipment and Other
3-15
1,314.8 1,189.8 
  Property, Plant and Equipment1,880.2 1,711.5 
Less: Accumulated Depreciation(968.4)(790.5)
  Net Property, Plant and Equipment$911.8 $921.0 

As of December 31, 2025 and December 31, 2024, $66.7 million and $44.7 million of ROU assets (as defined in Note 9 - Leases) were included in Net Property, Plant and Equipment, respectively.

Goodwill
The Company evaluates the carrying amount of goodwill annually as of October or more frequently if events or circumstances indicate that the goodwill might be impaired. Factors that could trigger an impairment review include significant underperformance relative to historical or forecasted operating results, a significant decrease in the market value of an asset or significant negative industry or economic trends. Reporting units with recent impairments or those with goodwill resulting from recent acquisitions generally present the highest risk of impairment.

When testing goodwill for impairment, companies have the option to first assess qualitative factors to determine whether a quantitative test is necessary. In performing qualitative assessments, the Company evaluates, among other things, actual and forecasted operating results, certain market factors, including discount rates and peer company EBITDA multiples, and the passing margin of prior quantitative tests. In performing quantitative tests, the Company uses a weighting of the market
approach and the income approach (discounted cash flow method). In the market approach, the Company applies performance multiples from comparable public companies, adjusted for relative risk, profitability, and growth considerations, to each reporting unit's performance measure to estimate fair value. The key assumptions used in the discounted cash flow method used to estimate fair value include discount rates, revenue and EBITDA margin projections and terminal value rates because such assumptions are the most sensitive and susceptible to change as they require significant management judgment. Discount rates are determined using market and industry cost of capital data, including the risk-free interest rate, as well as Company-specific risk factors for each reporting unit. The discount rate utilized for each reporting unit is indicative of the return an investor would expect to receive for investing in such a business. Terminal value rate determination follows common methodology of capturing the present value of perpetual cash flow estimates beyond the last projected period assuming a constant discount rate and long-term growth rates. There is inherent uncertainty included in the assumptions used in goodwill impairment testing. A change to any of the assumptions could lead to a future impairment that could be material.

For the 2025 annual goodwill test, the Company performed a quantitative assessment for five reporting units (four in the AMC segment and one in the IPS segment) and performed a qualitative assessment for all other reporting units. For each of the five reporting units that were quantitatively tested, the fair value exceeded the carrying value and thus no goodwill impairments were recorded. For each of the reporting units qualitatively assessed, the Company concluded that it was more likely than not that the fair value exceeded the carrying value and thus a quantitative test was not necessary. In 2024 the Company performed a quantitative assessment to evaluate goodwill for two reporting units in the AMC segment and performed a qualitative assessment for all other reporting units. For each of the two reporting units that were quantitatively tested, the fair value exceeded the carrying value and thus no goodwill impairments were recorded. For each of the reporting units qualitatively assessed, the Company concluded that it was more likely than not that the fair value exceeded the carrying value and thus a quantitative test was not necessary. For the 2023 annual goodwill test, the Company performed a quantitative test for all the reporting units and no goodwill impairments were recorded.

During 2023, the prospective sale of the industrial motors and generators businesses triggered an interim goodwill impairment test. As a result, the Company recorded $57.3 million of goodwill impairment charges for its global industrial motors reporting unit. See Note 3 - Acquisitions and Divestitures for further information. In 2023, the transaction price for the proposed sale of the industrial motors and generators businesses was used as a key input into testing each of the reporting units.
See Note 4 - Goodwill and Intangible Assets for more information.
Intangible Assets
Intangible assets with finite lives are amortized over their estimated useful lives using the straight line method. The Company evaluates amortizing intangibles whenever events or circumstances have occurred that indicate carrying values may not be recoverable. If an indicator is present, the Company uses an estimate of the related undiscounted cash flows over the remaining life of the primary asset to estimate recoverability of the asset group. If such estimated future cash flows are less than carrying value, an impairment would be recognized. There was no impairment of intangible assets during 2025, 2024 or 2023.
Long-Lived Assets Impairment
The Company evaluates the recoverability of the carrying amount of property, plant and equipment assets (collectively, "long-lived assets") whenever events or changes in circumstance indicate that the carrying amount of an asset may not be fully recoverable through future cash flows. Factors that could trigger an impairment review include a significant decrease in the market value of an asset or significant negative economic trends. For long-lived assets, the Company uses an estimate of the related undiscounted cash flows over the remaining life of the primary asset to estimate recoverability of the asset group. If the asset is not recoverable, the asset is written down to fair value. In 2025, the Company did not have asset impairments. In 2024 and 2023, the Company recorded asset impairments of $4.0 million and $7.8 million, respectively, which were related to assets held for sale. In 2025, 2024, and 2023, the Company recorded a loss on sale of businesses of $4.5 million, $8.5 million and $87.7 million, respectively, which were primarily related to the sale of immaterial operations in 2025 and the sale of the industrial motors and generators businesses in 2024 and 2023.

Earnings (Loss) Per Share
Diluted earnings per share is computed 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 dilutive securities. Share based compensation awards for common shares where the exercise price was above the market price have been excluded from the calculation of the effect of dilutive securities shown below; the amount of these shares were 0.3 million in 2025, 0.3 million in 2024 and 0.4 million in 2023. The following table reconciles the basic and diluted shares used in earnings (loss) per share calculations for the years ended:
202520242023
Denominator for Basic Earnings Per Share66.3 66.4 66.3 
Effect of Dilutive Securities(1)
0.3 0.3 — 
Denominator for Diluted Earnings Per Share66.6 66.7 66.3 
(1) 2023 excludes 0.4 million of share based compensation awards as the Company had a net loss during the year.

Defined Benefit Pension Plans
The majority of the defined benefit pension plans covering the Company's domestic associates have been closed to new associates and frozen for existing associates. Most of the Company's foreign associates are covered by government sponsored plans in the countries in which they are employed. The Company's obligations under its defined benefit pension plans are determined with the assistance of actuarial firms. The actuaries, under management's direction, make certain assumptions regarding such factors as withdrawal rates and mortality rates. The actuaries also provide information and recommendations from which management makes further assumptions on such factors as the long-term expected rate of return on plan assets, the discount rate on benefit obligations and where applicable the rate of annual compensation increases.

Based upon the assumptions made, the investments made by the plans, overall conditions and movement in financial markets, life-spans of benefit recipients and other factors, annual expenses and recorded assets or liabilities of these defined benefit pension plans may change significantly from year to year.

The service cost component of the Company's net periodic benefit cost is included in Cost of Sales and Operating Expenses. All other components of net periodic benefit costs are included in Other (Income) Expenses, net on the Company's Consolidated Statements of Income (Loss). See Note 8 – Retirement Plans for more information.

Derivative Financial Instruments
Derivative instruments are recorded on the Consolidated Balance Sheets at fair value. Any fair value changes are recorded in Net Income (Loss) or Accumulated Other Comprehensive Income (Loss) ("AOCI") as determined under accounting guidance that establishes criteria for designation and effectiveness of the hedging relationships. Cash inflows and outflows related to derivative instruments are included as a component of Operating, Investing, or Financing Cash Flows within the Consolidated Statements of Cash Flows.

The Company uses derivative instruments to manage its exposure to fluctuations in certain raw material commodity pricing, fluctuations in the cost of forecasted foreign currency transactions, and variability in interest rate exposure on floating rate borrowings. The majority of derivative instruments have been designated as cash flow hedges. See Note 13 – Derivative Financial Instruments for more information.

Income Taxes
The Company accounts for income taxes in accordance with Accounting Standards Codification ("ASC") 740, Accounting for Income Taxes (“ASC 740”). Deferred tax assets and liabilities arise from temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and consideration of operating loss and tax credit carryforwards. Deferred income taxes are measured using enacted tax rates in effect for the year in which the temporary differences are expected to be recovered or settled. The impact on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. Valuation allowances are provided to reduce deferred tax assets to the amount that will more likely than not be realized. This requires management to make judgments and estimates regarding the amount and timing of the reversal of taxable temporary differences, expected future taxable income, and the impact of tax planning strategies.

Uncertainty exists regarding tax positions taken in previously filed tax returns which remain subject to examination, along with positions expected to be taken in future returns. The Company provides for unrecognized tax benefits, based on the technical merits, when it is more likely than not that an uncertain tax position will not be sustained upon examination. Adjustments are made to the uncertain tax positions when facts and circumstances change, such as the closing of a tax audit; changes in applicable tax laws, including tax case rulings and legislative guidance; or expiration of the applicable statute of limitations. The Company recognizes interest and penalties related to unrecognized tax benefits in Provision for Income Taxes in the Consolidated Statements of Income (Loss). See Note 11 – Income Taxes for more information.
Foreign Currency Translation
For those operations using a functional currency other than the US Dollar, assets and liabilities are translated into US Dollars at year-end exchange rates, and revenues and expenses are translated at monthly average rates. The resulting translation adjustments are recorded as a separate component of Shareholders' Equity. Foreign currency remeasurement gains and losses are included in Operating Expenses in the Consolidated Statements of Income (Loss).

Product Warranty Reserves
The Company maintains reserves for product warranty to cover the stated warranty periods for its products. Such reserves are established based on an evaluation of historical warranty experience and specific significant warranty matters when they become known and can reasonably be estimated. See Note 12 – Contingencies for more information.

Accumulated Other Comprehensive Income (Loss)
Foreign currency translation adjustments, unrealized gains and losses on derivative instruments designated as hedges and pension and post retirement liability adjustments are included in Shareholders' Equity under AOCI. The following table presents changes in AOCI by component:
Year Ended
December 31, 2025Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$(5.5)$(21.5)$(415.7)$(442.7)
Other Comprehensive Income (Loss) before Reclassifications28.9 1.3 344.9 375.1 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)(0.2)(0.7)— (0.9)
Tax Impact(6.9)— — (6.9)
Net Current Period Other Comprehensive Income
21.8 0.6 344.9 367.3 
Ending Balance16.3(20.9)(70.8)(75.4)
December 30, 2024Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$28.8 $(25.0)$(286.2)$(282.4)
Other Comprehensive Income (Loss) before Reclassifications(18.6)4.9 (250.8)(264.5)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)(26.6)(0.3)121.3 94.4 
Tax Impact10.9 (1.1)— 9.8 
Net Current Period Other Comprehensive Income (Loss)(34.3)3.5 (129.5)(160.3)
Ending Balance(5.5)(21.5)(415.7)(442.7)
December 30, 2023Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$17.3 $(13.3)$(356.1)$(352.1)
Other Comprehensive Income (Loss) before Reclassifications28.2 (13.7)69.9 84.4 
Amounts Reclassified from Accumulated Other Comprehensive Loss
(13.0)(1.7)— (14.7)
Tax Impact(3.7)3.7 — — 
Net Current Period Other Comprehensive Income (Loss)11.5 (11.7)69.9 69.7 
Ending Balance28.8 (25.0)(286.2)(282.4)

Legal Claims and Contingent Liabilities
The Company is subject to various legal proceedings, claims and regulatory matters, the outcomes of which are subject to significant uncertainty and 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. The Company records expenses and liabilities when the Company believes that an obligation of the Company or a subsidiary on a specific matter is probable and there is a basis to reasonably estimate the value of the obligation. Such assessments inherently involve an exercise in judgment. This methodology is used for legal claims that are filed against the Company or a subsidiary from time to time. The uncertainty that is associated with such matters frequently requires adjustments to the liabilities previously recorded. See Note 12 – Contingencies for more information.

Fair Values of Financial Instruments
The fair values of cash equivalents, term deposits, trade receivables and accounts payable approximate their carrying values due to the short period of time to maturity. The fair value of fixed rate debt is estimated using discounted cash flows based on rates for instruments with comparable maturities and credit ratings as further described in Note 7 – Debt and Bank Credit Facilities. The fair value of pension assets and derivative instruments is determined based on the methods disclosed in Note 8 - Retirement Plans and Note 13 – Derivative Financial Instruments.

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 following information presents changes to the Company's outstanding obligations under the supplier finance program, which are classified within Accounts Payable, during the year ended December 31, 2025:

Balance as of December 31, 2024$41.0 
Plus: Obligations Added173.0 
Less: Obligations Settled172.0 
Balance as of December 31, 2025$42.0 

New Accounting Standards

New Accounting Standards Adopted
In December 2023, FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU requires consistent categories and greater disaggregation of information in the rate reconciliation, income taxes paid disaggregated by jurisdiction and certain other amendments. The new guidance became effective for annual periods beginning
after December 15, 2024. The Company adopted this new accounting guidance on a prospective basis for the year ended December 31, 2025. Refer to Note 11 - Income Taxes.

Recently Issued Accounting Standards
In November 2024, the FASB issued ASU 2024-03, Income Statement (Subtopic 220-40): Disaggregation of Income Statement Expenses. The ASU requires additional information about certain expenses in the notes to financial statements. The new guidance will be effective for annual periods beginning after December 15, 2026. The Company is evaluating the effect of adopting this new accounting guidance.
v3.25.4
Acquisitions and Divestitures
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions and Divestitures Acquisitions and Divestitures
Industrial Systems Divestiture
On September 23, 2023, the Company signed an agreement to sell its industrial motors and generators businesses which represented the substantial majority of the Industrial Systems operating segment.
The transaction closed on April 30, 2024 for a total purchase price of $444.0 million. For the years ended December 31, 2024 and December 31, 2023, the Company recognized a Loss on Sale of Businesses related to the sale of the industrial motors and generators businesses of $7.7 million and $87.7 million, respectively, in the Consolidated Statements of Income (Loss). The Company recognized a cumulative loss of $95.4 million on the sale of the industrial motors and generators businesses, which was primarily related to foreign currency translation losses that were reclassified out of accumulated other comprehensive income into earnings at the closing of the transaction.
The following table summarizes the fair value of the sale proceeds received in connection with the divestiture:
April 30, 2024
Purchase price$400.0 
Cash transferred to buyer64.5 
Estimated working capital and other adjustments(20.5)
Total purchase price444.0 
Direct costs to sell(7.3)
Fair value of sale consideration, net(1)
$436.7 
(1) The fair value of sale consideration, net includes an immaterial post-close adjustment to the purchase price for which cash was received in January 2025.

The following table summarizes the carrying value of the disposal group and resulting loss on sale:
April 30, 2024
Net assets sold$420.2 
Noncontrolling Interest(9.2)
Accumulated Other Comprehensive Income121.3 
Payables to seller(0.2)
Carrying value of disposal group$532.1 
Loss on Sale of Businesses$(95.4)
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”). Altra is a leading global manufacturer of highly-engineered products and sub-systems in the factory automation and industrial power transmission markets. Regal Rexnord entered into the Altra Merger Agreement because it believes it can recognize substantial revenue and cost synergies through the combination. In particular, Altra transforms Regal Rexnord's automation portfolio into a global provider with significant sales into markets with secular growth characteristics. Altra also adds significant capabilities to Regal Rexnord's industrial power
transmission portfolio, in particular in clutches and brakes, allowing it to provide a broader offering, and more robust industrial powertrain solutions to its customers.

On March 27, 2023, in accordance with the terms and conditions of the Altra Merger Agreement, Merger Sub merged with and into Altra (the "Altra Merger"), with Altra surviving the Altra Merger as a wholly owned subsidiary of the Company (the “Altra Transaction”).

Pursuant to the Altra Merger Agreement, following the Altra Merger, each of Altra’s issued and outstanding shares of common stock were converted into $62.00 in cash, without interest (the “Altra Merger Consideration”). In addition, all Altra equity awards outstanding immediately prior to the Altra Merger were converted into an award of cash or an award of restricted stock equal to the equivalent value of the original equity award with similar terms and conditions 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 total purchase price to acquire Altra was $5.1 billion, which consisted of the following:

Cash paid for outstanding Altra Common Stock(1)
$4,051.0 
Stock based compensation(2)
23.1 
Payment of Altra debt(3)
1,061.0 
Pre-existing relationships(4)
(0.5)
Purchase price$5,134.6 

(1) Cash paid for the common stock component of the 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.
(2) 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 of which $17.3 million was paid in cash during the second quarter of 2023.
(3) Cash paid by the Company to settle (a) the term loan facility, (b) the 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 6 - Debt and Bank Credit Facilities for more information.
(4) 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.

The Company estimated the fair value of net assets acquired based on information available during the measurement period and, as of March 31, 2024, the valuation process to determine the fair values of the net assets acquired during the measurement period was complete. The fair value of the assets acquired and liabilities assumed were as follows:
As of March 31, 2024
Cash and Cash Equivalents$259.1 
Trade Receivables256.6 
Inventories387.0 
Prepaid Expenses and Other Current Assets32.4 
Property, Plant and Equipment402.5 
Intangible Assets(2)
2,142.0 
Deferred Income Tax Benefits0.8 
Operating Lease Assets46.8 
Other Noncurrent Assets12.7 
Accounts Payable(183.3)
Accrued Compensation and Benefits(66.0)
Other Accrued Expenses(1)
(145.3)
Current Operating Lease Liabilities(12.3)
Current Maturities of Long-Term Debt(0.4)
Long-Term Debt(25.3)
Deferred Income Taxes(525.1)
Pension and Other Post Retirement Benefits(19.8)
Noncurrent Operating Lease Liabilities(29.0)
Other Noncurrent Liabilities(8.3)
Total Identifiable Net Assets2,525.1 
Goodwill2,609.5 
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.
(2) Includes $1,710.0 million related to Customer Relationships, $330.0 million related to Trademarks and $102.0 million related to Technology.

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 new assets and estimated accrued depreciation, or the market approach.
Identifiable Intangible Assets
The fair value and weighted average useful life of the identifiable intangible assets are as follows:
Fair ValueWeighted Average Useful Life (Years)
Customer Relationships(1)
$1,710.0 14.0
Trademarks(2)
330.0 10.0
Technology(3)
102.0 13.0
Total Identifiable Intangible Assets$2,142.0 

(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.

Deferred Income Tax Assets and Liabilities
The acquisition was structured as a merger, and therefore the Company assumed the historical tax basis of 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 11 - 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 and Integration Costs
The Company incurred transaction and integration-related costs in connection with the Altra Transaction of approximately $23.5 million during the year ended December 31, 2024, which includes legal, professional service and integration costs associated with the Altra Transaction. During the year ended December 31, 2023 the Company incurred $86.9 million of costs related to the Altra Transaction, which includes legal and professional services and certain employee compensation costs, including severance and retention. These costs were recognized as Operating Expenses in the Company's Consolidated Statements of Income (Loss).

The Company also incurred $15.7 million of share-based compensation expense during the first quarter of 2023 related to the accelerated vesting of awards for certain former Altra employees. See Note 10 – Shareholders' Equity for additional information.

Unaudited Pro Forma Information
The following unaudited supplemental pro forma financial information presents the Company's financial results for the year ended December 31, 2023 as if the Altra Transaction had occurred on January 2, 2022, the first day of the Company's 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 $102.6 million for the year ended December 31, 2023, (v) additional cost of sales related to the inventory valuation and lease ROU assets valuation adjustments which reduced expenses by $54.5 million for the year ended December 31, 2023 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 Year Ended December 31, 2023
Net Sales$6,701.8 
Net Income Attributable to Regal Rexnord Corporation$50.1 
Earnings Per Share Attributable to Regal Rexnord Corporation:
   Basic$0.76 
   Assuming Dilution$0.75 
v3.25.4
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following information presents changes to goodwill during the periods indicated:
Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
Balance as of December 31, 2023$2,052.2 $3,747.0 $753.9 $6,553.1 
Acquisitions0.7 (5.8)— (5.1)
Translation and Other(40.4)(44.0)(4.7)(89.1)
Balance as of December 31, 2024$2,012.5 $3,697.2 $749.2 $6,458.9 
Translation and Other66.2 78.2 8.0 152.4 
Balance as of December 31, 2025$2,078.7 $3,775.4 $757.2 $6,611.3 
Cumulative Goodwill Impairment Charges$5.1 $18.1 $200.4 $223.6 

Intangible Assets
Intangible assets consist of the following:
December 31, 2025December 31, 2024
Weighted Average Amortization Period (Years)Gross AmountAccumulated AmortizationNet Carrying AmountGross AmountAccumulated AmortizationNet Carrying Amount
Customer Relationships15$3,993.6 $1,188.7 $2,804.9 $3,892.8 $915.1 $2,977.7 
Technology13300.2 131.5 168.7 293.0 109.0 184.0 
Trademarks10719.1 274.3 444.8 692.3 189.4 502.9 
Total Intangibles$5,012.9 $1,594.5 $3,418.4 $4,878.1 $1,213.5 $3,664.6 
While the Company believes its customer relationships are long-term in nature, the Company's contractual customer relationships are generally short-term. Useful lives are established at acquisition based on historical attrition rates.
Amortization expense was $346.1 million in 2025, $346.5 million in 2024 and $307.8 million in 2023.

The following table presents estimated future amortization expense:
YearEstimated Amortization
2026$342.2 
2027342.2 
2028336.6 
2029329.5 
2030327.4 
v3.25.4
Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company's operations are organized and managed based on similar product offerings and end markets in the following three reportable segments: Automation & Motion Control ("AMC"), Industrial Powertrain Solutions ("IPS") and Power Efficiency Solutions ("PES").

The AMC segment designs, produces and services conveyor products, conveying automation subsystems, aerospace components, precision motion control solutions, high-efficiency miniature servo motors, controls, drives and linear actuators, as well as power management products that include automatic transfer switches, paralleling switchgear, and customized modular
electric pod solutions ("E-Pods") that comprise relevant power and thermal management content. The segment sells into markets that include discrete factory automation, food and beverage, aerospace, general industrial, medical and data center.

The IPS segment designs, produces and services a broad portfolio of highly-engineered transmission products, including mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes and gear motors, clutches, brakes, and industrial powertrain components and solutions. Increasingly, the segment produces industrial powertrain solutions, which are integrated sub-systems comprised of Regal Rexnord motors plus the critical power transmission components that efficiently transmit motion using power generated by the motor to various industrial applications. The segment serves a broad range of markets that include general industrial, metals and mining, energy, discrete automation and commercial HVAC.

The PES segment designs and produces fractional to approximately 5 horsepower AC and DC motors, electronic variable speed controls, electronic drives, fans and blowers, as well as integrated air moving subsystems comprised of two or more of these components. The segment's products are used in residential and commercial HVAC, and in a wide range of general commercial applications.
The Industrial Systems segment designed and produced integral motors, alternators for industrial applications, and sold aftermarket parts and kits to support such products. These products served the general industrial, metals and mining, and food and beverage end markets. As described within Note 3 – Divestitures, the sale of the industrial motors and generators business, which represented a substantial majority of the Industrial Systems operating segment, was completed on April 30, 2024.
The chief operating decision maker ("CODM") of the Company is its chief executive officer. Among other considerations, the CODM evaluates performance and allocates resources based on the segment's income from operations. The Company also regularly provides to the CODM information on adjusted cost of sales and adjusted engineering, selling and administration expenses, which are significant expenses.

The following sets forth certain financial information attributable to the Company's operating segments for the year ended December 31, 2025, December 31, 2024 and December 31, 2023, respectively:

Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsEliminationsTotal
December 31, 2025
Total Sales$1,702.1 $2,608.4 $1,652.0 $— $(28.0)$5,934.5 
Intersegment Sales12.3 14.3 1.4 — (28.0)— 
Net Sales(1)
1,689.8 2,594.1 1,650.6 — — 5,934.5 
Adjusted Cost of Sales(2)
1,075.7 1,503.5 1,163.6 — 3,742.8 
Adjusted Engineering, Selling and Administration Expenses(3)
365.5 521.1 265.3 — 1,151.9 
Other Segment Items(4)
114.7 232.0 12.3 — 359.0 
Income from Operations133.9 337.5 209.4 — — 680.8 
Interest Expense349.2 
Interest Income(23.7)
Other Expense, Net2.8 
Income before Taxes352.5 
Other Supplemental Disclosures
Amortization137.6 202.7 5.8 — — 346.1 
Depreciation48.8 69.7 36.0 — 154.5 
Other significant noncash items:
Asset Impairment— — — — — — 
Loss on Sale of Businesses— 4.5 — — — 4.5 
Capital Expenditures33.6 45.1 19.0 — — 97.7 
Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsEliminationsTotal
December 31, 2024
Total Sales$1,652.8 $2,614.1 $1,656.5 $158.3 $(47.9)$6,033.8 
Intersegment Sales19.0 16.0 12.4 0.5 (47.9)— 
Net Sales(1)
1,633.8 2,598.1 1,644.1 157.8 — 6,033.8 
Adjusted Cost of Sales(2)
1,024.5 1,541.5 1,171.4 118.4 3,855.8 
Adjusted Engineering, Selling and Administration Expenses(3)
342.9 483.1 273.2 29.0 1,128.2 
Other Segment Items(4)
122.0 250.8 36.9 10.1 419.8 
Income from Operations
144.4322.7162.60.3 — 630.0
Interest Expense399.7 
Interest Income(18.8)
Other Expense, Net
1.1 
Income before Taxes
248.0 
Other Supplemental Disclosures
Amortization137.1 201.5 7.7 0.2 — 346.5 
Depreciation47.2 80.7 37.0 0.4 165.3 
Other significant noncash items:
     Asset Impairments1.8 1.1 1.1 — — 4.0 
     Loss on Sale of Businesses1.1 1.7 1.4 4.3 — 8.5 
Capital Expenditures29.9 50.3 25.0 4.3 — 109.5 
Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsEliminationsTotal
December 31, 2023
Total Sales$1,537.7 $2,418.4 $1,826.6 $524.1 $(56.1)$6,250.7 
Intersegment Sales20.9 14.9 17.7 2.6 (56.1)— 
Net Sales(1)
1,516.8 2,403.5 1,808.9 521.5 — 6,250.7 
Adjusted Cost of Sales(2)
950.7 1,516.9 1,293.4 414.1 — 4,175.1 
Adjusted Engineering, Selling and Administration Expenses(3)
291.1 433.2 279.5 84.8 — 1,088.6 
Other Segment Items(4)
136.0 301.6 18.6 153.7 — 609.9 
Income (Loss) from Operations139.0151.8217.4(131.1)— 377.1
Interest Expense431.0 
Interest Income(43.6)
Other Income, Net(8.7)
Loss before Taxes(1.6)
Other Supplemental Disclosures
Amortization117.2 181.4 8.3 0.9 — 307.8 
Depreciation41.0 91.8 43.0 9.2 — 185.0 
Other significant noncash items:
     Goodwill Impairment— — — 57.3 — 57.3 
     Asset Impairments3.4 2.5 1.5 0.4 — 7.8 
     Loss on Sale of Businesses— — — 87.7 — 87.7 
Capital Expenditures34.6 41.3 35.0 8.2 — 119.1 
    
(1) Represents revenues from external customers.
(2) Adjusted Cost of Sales includes costs associated with producing goods for sale, such as materials, labor and overhead costs, and intercompany cost of sales. Adjusted Cost of Sales differs from Cost of Sales reported under US GAAP primarily because it includes intercompany cost of sales and excludes certain costs, primarily restructuring and related expenses. The difference is included in Other Segment Items.
(3) Adjusted Engineering, Selling and Administration Expenses includes operating expenses such as engineering, selling and administration expenses, as well as hedging, foreign currency gains and losses and certain overhead expenses. Adjusted Engineering, Selling and Administration Expenses differs from Operating Expenses reported under US GAAP primarily because it excludes costs such as significant noncash items, restructuring and related costs, and transaction and integration related costs. The difference is included in Other Segment Items.
(4) Other Segment Items includes other significant noncash items, intangible amortization, as well as restructuring and related costs, transaction and integration related costs, certain overhead expenses and the elimination of intercompany cost of sales.

The following table presents total identifiable assets attributable to the Company's operating segments as of December 31, 2025 and December 31, 2024:
Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
Identifiable Assets as of December 31, 2025$4,598.6 $7,389.1 $1,933.3 $13,921.0 
Identifiable Assets as of December 31, 20244,642.4 7,528.8 1,862.5 14,033.7 
The following sets forth net sales by country in which the Company operates for 2025, 2024 and 2023, respectively:
Net Sales
202520242023
US$3,727.0 $3,644.0 $3,840.4 
China313.8 323.1 403.6 
Rest of the World1,893.7 2,066.7 2,006.7 
Total$5,934.5 $6,033.8 $6,250.7 

US net sales for 2025, 2024 and 2023 represented 62.8%, 60.4% and 61.4% of total net sales, respectively. China net sales for 2025, 2024 and 2023 represented 5.3%, 5.4%, and 6.5% of total net sales, respectively. No other individual foreign country represented a material portion of total net sales for any of the years presented.

The following sets forth net property, plant and equipment by country in which the Company operates for 2025 and 2024, respectively:
Net Property, Plant and Equipment
20252024
US$386.7 $411.9 
Mexico167.3 154.2 
Germany100.2 92.7 
China51.0 50.9 
Rest of the World206.6 211.3 
Total$911.8 $921.0 

No other individual foreign country represented a material portion of net property, plant and equipment for any of the years presented.
v3.25.4
Receivables Securitization
 12 Months Ended
Dec. 31, 2025
Transfers and Servicing [Abstract]  
Receivables Securitization Receivables Securitization
On June 30, 2025, Regal Rexnord Receivables Finance LLC, a bankruptcy remote special purpose entity formed as a wholly-owned subsidiary of the Company (“SPE”), entered into a one-year $400.0 million accounts receivable securitization facility (the “Securitization Facility”) with PNC Bank National Association, Wells Fargo Bank, N.A., and Truist Bank (the “Purchasers”). The Securitization Facility can be renewed each year for another year with agreement between the SPE and the Purchasers. Under the Securitization Facility, certain US subsidiaries of the Company (the “Originators”) transfer their accounts receivable (the “Receivables”) to the SPE, who in turn sells certain of the Receivables (the “Sold Receivables”) to the Purchasers. The Originators will service the Receivables on behalf of the Purchasers but have no continuing involvement with the Sold Receivables.

Transfers of the Sold Receivables from the SPE to the Purchasers are accounted for as a sale of financial assets, resulting in derecognition of the Sold Receivables from the Company’s Consolidated Financial Statements. These sales are priced at the face value of the Sold Receivables less a fair market value discount, resulting in a loss on the Sold Receivables recorded in Operating Expenses in the Consolidated Statements of Income (Loss). The Sold Receivables are no longer available to satisfy creditors of any Originator in the event of bankruptcy. The SPE also retains certain Receivables as collateral to the Purchasers as a guarantee of cash collections on the Sold Receivables (the “Collateral”), which is recorded in Trade Receivables, Less Allowances in the Consolidated Balance Sheets.

The Securitization Facility is structured on a revolving basis under which the Purchasers reinvest the cash collections in the Securitization Facility and purchase additional Receivables.

As of December 31, 2025, the total value of accounts receivable sold from the SPE to the Purchasers under the Securitization Facility and derecognized from the Consolidated Balance Sheets was $372.5 million. This resulted in cash received of $372.5 million, which is reflected in Net Cash Provided by Operating Activities in the Consolidated Statements of Cash Flows. For the year ended December 31, 2025, the Company sold accounts receivable of $1,665.7 million to the Purchasers under the Securitization Facility. Cash collections for the year ended December 31, 2025 on receivables sold to the Purchasers were $1,293.2 million. As of December 31, 2025 unsold accounts receivable of $64.6 million were pledged by the SPE as collateral to the Purchasers.
The Company incurred charges of $9.4 million associated with the Securitization Facility for the year ended December 31, 2025, which were reflected in Operating Expenses in the Consolidated Statements of Income (Loss).
v3.25.4
Debt and Bank Credit Facilities
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Debt and Bank Credit Facilities Debt and Bank Credit Facilities
The Company's indebtedness as of December 31, 2025 and December 31, 2024 was as follows:
December 31, 2025December 31, 2024
Senior Notes$4,700.0 $4,700.0 
Term Facility— 665.0 
Multicurrency Revolving Facility— 40.0 
Altra Notes18.1 18.1 
Finance Leases93.8 70.1 
Other7.2 6.6 
Less: Debt Issuance Costs(30.4)(42.1)
Total4,788.7 5,457.7 
Less: Current Maturities24.1 5.0 
Non-Current Portion$4,764.6 $5,452.7 

Credit Agreement
On March 28, 2022, the Company entered into a Second Amended and Restated Credit Agreement (the “2022 Credit Agreement”) with JPMorgan Chase Bank, N.A. as Administrative Agent and the lenders named therein, which was subsequently amended on November 17, 2022 and November 30, 2022. The Credit Agreement provides for an unsecured term loan facility of $1,390.0 million (the "Term Facility") and an unsecured revolving loan of $1,570.0 million (the "Multicurrency Revolving Facility"). The Company repaid the outstanding Term Loan amount of $665.0 million in 2025.

On November 21, 2025, Regal Rexnord Corporation entered into a Third Amended and Restated Credit Agreement (the “2025 Credit Agreement”) with JPMorgan Chase Bank, N.A., as Administrative Agent and the lenders named therein. The 2025 Credit Agreement amends and restates in its entirety the 2022 Credit Agreement and consists of the following:

i.an unsecured Delayed Draw Term Loan in an aggregate principal amount of up to $850.0 million, maturing on February 21, 2029 (“2025 Term Facility”) and,
ii.an unsecured revolving line of credit in Dollars or various other currencies in an aggregate principal amount of up to $1,500.0 million, maturing on November 21, 2030 (“2025 Revolving Facility”).

There was no amount outstanding under the 2025 Term Facility as of December 31, 2025. The Company borrowed $850.0 million under the 2025 Term Facility on February 12, 2026 and used the proceeds to refinance the 2026 Senior Notes.

Per the terms of the 2025 Credit Agreement, prepayments can be made without penalty. Borrowings under the 2025 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.

As of December 31, 2025 the Company had no standby letters of credit issued under the 2025 Revolving Facility and $1,500.0 million of available borrowing capacity. The average daily balance in borrowings under the Multicurrency Revolving Facility was $80.6 million and $72.0 million for the years ended December 31, 2025 and December 31, 2024, respectively. The average daily balance in borrowings under the 2025 Revolving Facility was $20.6 million for the year ended December 31, 2025. The Company paid a non-use fee of 0.15% as of December 31, 2025 on the aggregate unused amount of the 2025 Revolving Facility at a rate determined by reference to its consolidated funded debt to consolidated EBITDA ratio.
Weighted average interest rates on the Term Facility, Multicurrency Revolving Facility and the 2025 Revolving Facility are as follows:
Year Ended
December 31, 2025December 31, 2024
Term Facility6.2 %7.0 %
Multicurrency Revolving Facility6.1 %7.0 %
2025 Revolving Facility
5.2 %0.0 %

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 matured on February 15, 2026 and were refinanced with the proceeds from the 2025 Term Facility. 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 is 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 is payable semi-annually on April 15 and October 15 of each year, beginning on April 15, 2023.

The Company received $4,647.0 million in net proceeds from the sale of the Senior Notes, after deducting the initial purchasers’ discounts and offering expenses. The Company used a portion of the net proceeds to repay the Company’s $500.0 million 3.90% notes originally issued on April 7, 2022 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 $3,600.0 million in interest bearing accounts. The Company recognized $29.4 million in Interest Income from the investment in interest bearing accounts prior to the close of the Altra Transaction.

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 of 1933, as amended (the “Securities Act”) and persons outside the United States in accordance with Regulation S under the Securities Act. Pursuant to a registration rights agreement, the Company agreed to exchange the Senior Notes with registered notes with terms substantially identical to those of the Senior Notes of the corresponding series (the “New Notes”) within 540 days from the date of issuance. The Company and certain subsidiaries that guarantee the Senior Notes filed a registration statement on Form S-4 with the SEC on March 26, 2024, registering an offer to exchange the Senior Notes validly tendered for New Notes of the corresponding series (the “Exchange Offer”). In May 2024, the Company and the guarantor subsidiaries completed the Exchange Offer, exchanging approximately $4,697.1 million in aggregate principal amount of Senior Notes for approximately $4,697.1 million in aggregate principal amount of New Notes of the corresponding series. The aggregate principal amount of Senior Notes not exchanged, approximately $2.9 million, remained outstanding across the four series of Senior Notes. The New Notes consist of approximately $1,099.0 million aggregate principal amount of 6.050% senior notes due 2026, $1,249.4 million aggregate principal amount of 6.050% senior notes due 2028, $1,099.4 million aggregate principal amount of 6.300% senior notes due 2030 and $1,249.3 million aggregate principal amount of 6.400% senior notes due 2033.

The Senior Notes are included in Long-Term Debt on the Consolidated Balance Sheet as of December 31, 2025.

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 Altra Notes will mature on October 1, 2026 and are presented in Current Maturities of Long-Term Debt in the Consolidated Balance Sheets. 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 2025 Credit Agreement requires the Company to meet specified financial ratios and to satisfy certain financial condition tests. The Company was in compliance with all financial covenants as of December 31, 2025.

Finance Leases

See Note 9 - Leases for the weighted average discount rate associated with the Company's finance leases in 2025 and 2024.

Other Disclosures

The fair value of the Senior Notes is based on rates for instruments with comparable maturities and credit quality, which is considered a Level 2 fair value measurement (see also Note 14 – Fair Value). The approximate fair value of the Senior Notes was $4,903.4 million and $4,795.2 million as of December 31, 2025 and December 31, 2024, respectively, compared to a carrying value of $4,700.0 million as of December 31, 2025 and December 31, 2024. The Company believes that the fair value of all other debt instruments approximates their carrying value.

Maturities of long-term debt outstanding as of December 31, 2025, excluding debt issuance costs, are as follows:
YearAmount of Maturity
2026$1,124.1 
20275.1 
20281,261.3 
20293.8 
20301,103.9 
Thereafter1,320.9 
Total$4,819.1 
Included in the 2026 amount above is $1,100.0 million of the 2026 Senior Notes which were contractually due in February 2026. However, the 2026 Senior Notes are included in Long-Term Debt on the Consolidated Balance Sheet as of December 31, 2025 as they were refinanced with the proceeds from the 2025 Term Facility in February 2026.
v3.25.4
Retirement Plans
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Retirement Plans Retirement Plans
Retirement Plans
The Company sponsors pension and other post-retirement benefit plans for certain associates. Most of the Company's associates are accumulating retirement income benefits through defined contribution plans. The majority of the Company's defined benefit pension plans covering the Company's domestic associates have been closed to new associates and frozen for existing associates, however certain employees continue to earn benefits. Certain foreign associates are covered by government sponsored plans in the countries in which they are employed.
Defined Benefit Pension Plans
Benefits provided under defined benefit pension plans are based, depending on the plan, on associates' average earnings and years of credited service, or a benefit multiplier times years of service. Funding of these qualified defined benefit pension plans is in accordance with federal laws and regulations. The actuarial valuation measurement date for pension plans is the calendar year end of each year.
The Company's target allocation, target return and actual weighted-average asset allocation by asset category are as follows:

TargetActual Allocation
AllocationReturn20252024
Equity Investments20.3%
5.3 - 7.0%
15.2%15.6%
Fixed Income65.5%
3.8 - 7.8%
67.4%70.3%
Other14.2%
2.8% - 7.8%
17.4%14.1%
Total100.0%5.8%100.0%100.0%

During 2025, the Company maintained its dynamic de-risking investment strategy designed to allow the plans to attain and/or maintain fully funded status levels while reducing volatility, in order to further increase the overall fixed income portfolio to meet allocation targets in such a manner that its interest rate sensitivity correlates highly with that of the liabilities of the plans while other asset classes are intended to provide additional return with associated higher levels of risk. This strategy is designed to result in improved funding levels and less required contributions over time. Allocation targets have been established to fit this strategy in response to increased funded ratio thresholds along a glidepath. The long-term rate of return assumptions consider historic returns and volatilities adjusted for changes in overall economic conditions that may affect future returns and a weighting of each investment class.

The following table presents a reconciliation of the funded status of the defined benefit pension plans:
20252024
Change in Projected Benefit Obligation:
Obligation at Beginning of Period$450.0 $483.1 
Service Cost3.1 2.0 
Interest Cost22.5 21.3 
Actuarial (Gain) Loss0.9 (25.8)
Benefits Paid(35.2)(34.3)
Settlements(0.3)(0.7)
Curtailments(0.4)— 
Transfers0.2 — 
Foreign Currency Translation12.1 (8.3)
Other Events— 13.8 
Divestitures— (1.1)
Obligation at End of Period$452.9 $450.0 
Change in Fair Value of Plan Assets:
Fair Value of Plan Assets at Beginning of Period$345.1 $367.7 
Actual Return on Plan Assets21.7 (1.9)
Employer Contributions15.5 16.6 
Benefits Paid(35.2)(34.3)
Settlements(0.3)(0.7)
Foreign Currency Translation5.0 (3.3)
Other Events— 2.1 
Divestitures— (1.1)
Fair Value of Plan Assets at End of Period$351.8 $345.1 
Funded Status$(101.1)$(104.9)
The actuarial loss for 2025 was not material. The actuarial gain for 2024 was primarily due to an increase in discount rates.
The funded status as of December 31, 2025 included domestic plans of $(47.4) million and international plans of $(53.7) million. The funded status as of December 31, 2024 included domestic plans of $(52.4) million and international plans of $(52.5) million.
Funded Status and Expense
The Company recognized the funded status of its defined benefit pension plans on the Consolidated Balance Sheets as follows:
20252024
Other Noncurrent Assets$6.1 $5.3 
Accrued Compensation and Benefits(8.1)(7.6)
Pension and Other Post Retirement Benefits (a)
(99.1)(102.6)
Total$(101.1)$(104.9)
(a) Excludes post-retirement health care plans included on the Consolidated Balance Sheets
Amounts Recognized in Accumulated Other Comprehensive Loss
Net Actuarial Loss$32.4 $32.0 
Prior Service Cost0.2 0.3 
Total$32.6 $32.3 

The accumulated benefit obligation for all defined benefit pension plans was $441.3 million and $438.7 million as of December 31, 2025 and December 31, 2024, respectively.

Defined pension plans with accumulated and projected benefit obligations in excess of plan assets as of December 31, 2025 and December 31, 2024 were as follows:

20252024
Projected Benefit Obligation$417.7 $415.1 
Accumulated Benefit Obligation410.4 408.5 
Fair Value of Plan Assets310.5 304.9 

The following weighted average assumptions were used to determine the projected benefit obligation as of December 31, 2025 and December 31, 2024, respectively:
20252024
Discount Rate5.2%5.4%

The objective of the discount rate assumption is to reflect the rate at which the pension benefits could be effectively settled. In making the determination, the Company takes into account the timing and amount of benefits that would be available under the plans. The methodology for selecting the discount rate was to match the plan's cash flows to that of a theoretical bond portfolio yield curve.

Certain of the Company's defined benefit pension plan obligations are based on years of service rather than on projected compensation percentage increases. For those plans that use compensation increases in the calculation of benefit obligations and net periodic pension cost, the Company used an assumed rate of compensation increase of 3.0% and 3.0% for the years ended December 31, 2025 and December 31, 2024, respectively.
Net periodic pension benefit cost (income) and net actuarial gain and prior service cost recognized in OCI for the defined benefit pension plans were as follows:
202520242023
Service Cost$3.1 $2.0 $2.1 
Interest Cost22.5 21.3 22.8 
Expected Return on Plan Assets(18.6)(20.0)(27.1)
Amortization of Net Actuarial Gain(0.7)(0.2)(1.8)
Amortization of Prior Service Cost0.1 0.1 0.1 
Curtailment (Benefit) Expense(0.3)— 0.2 
Net Periodic Benefit Cost$6.1 $3.2 $(3.7)
Change in Obligations Recognized in OCI, Net of Tax
    Prior Service Cost$0.4 $0.1 $0.1 
    Net Actuarial Gain(0.1)(3.7)(14.4)
Total Recognized in OCI$0.3 $(3.6)$(14.3)

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 Expense (Income), Net on the Company's Consolidated Statements of Income (Loss).
The amortization of any prior service cost or unrecognized actuarial gain or loss (to the extent it exceeds a corridor) is determined using a straight-line amortization. The amortization period used is the average remaining service period or the average remaining life expectancy of the associates expected to receive benefits under the plans, depending on the composition of the plan population.

The following weighted average assumptions were used to determine net periodic pension cost for 2025, 2024 and 2023, respectively.
202520242023
Discount Rate5.4%4.7%5.2%
Expected Long-Term Rate of Return on Assets5.4%5.1%6.6%

Pension Assets
The Company classifies its investments into Level 1, which refers to securities valued using quoted prices from active markets for identical assets, Level 2, which refers to securities not traded on an active market but for which observable market inputs are readily available, and Level 3, which refers to securities valued based on significant unobservable inputs. Mutual funds are valued at the unadjusted quoted market prices for the securities. Common collective trust funds are valued based on the net asset value (“NAV”) provided by the administrator of the fund as a practical expedient to estimate fair value. The NAV is based on the value of the underlying assets owned by the fund, minus its liabilities, and then divided by the number of shares outstanding. Investments in units of collective trust funds and short-term investment funds, comprised of cash and money market funds, are valued at their respective published market prices as reported by the funds daily. Certain international plans hold insurance contracts. The fair value of these contracts is calculated by projecting expected future cash flows from the contract and discounting them to present value based on current market rates. The contracts are included within Level 3 of the hierarchy as the assumptions used to project expected future cash flows are based on actuarial estimates and are unobservable.
Pension assets by type and level are as follows:
December 31, 2025
TotalLevel 1Level 3
Cash and Cash Equivalents$4.4 $4.4 $— 
Mutual Funds:
International Equity Funds6.4 6.4 — 
Fixed Income Funds10.8 10.8 — 
Other6.3 1.1 5.2 
Insurance Contracts21.8 — 21.8 
$49.7 $22.7 $27.0 
Investments Measured at Net Asset Value302.1 
Total$351.8 
December 31, 2024
TotalLevel 1Level 3
Cash and Cash Equivalents$4.3 $4.3 $— 
Mutual Funds:
International Equity Funds6.0 6.0 — 
Fixed Income Funds10.2 10.2 — 
Other5.1 1.0 4.1 
Insurance Contracts21.1 — 21.1 
$46.7 $21.5 $25.2 
Investments Measured at Net Asset Value298.4 
Total$345.1 

The Company had no assets classified within Level 2 of the hierarchy as of December 31, 2025 and December 31, 2024.

The following table sets forth additional disclosures for the fair value measurement of the fair value of pension plan assets that calculate fair value based on NAV per share practical expedient as of December 31, 2025 and December 31, 2024:
20252024
Common Collective Trust Funds$302.1 $298.4 

The 2025 and 2024 common collective trust funds are investments in the following portfolios:
•Mercer US Small/Midcap Equity Portfolio - seeks to provide long term total returns comprised primarily of capital appreciation by investing in equity securities issued by small to medium capitalization US companies;
•Mercer Non-US Core Equity Portfolio - seeks to provide long term total return, which includes capital appreciation and income, by investing in equity securities of non-US companies;
•Mercer Global Low Volatility Equity Portfolio - seeks to provide long term total return, which includes capital appreciation and income, by investing in equity securities of US and foreign issuers;
•Mercer US Large Cap Passive Equity Portfolio - seeks to approximate, as closely as possible, the performance of the S&P 500 Index over the long term by investing in the equity securities comprising the index in approximately the same proportions as they are represented in the index;
•Mercer Emerging Markets Equity Portfolio - seeks to provide long term total return, which includes capital appreciation and income, by investing equity securities of companies that are located in emerging markets, other investments that are tied economically to emerging markets, as well as in American, European and Global Depository Receipts;
•Mercer Active Long Corporate Fixed Income Portfolio - seeks to maximize long term total return by investing on high quality US corporate bonds;
•Mercer Opportunistic Fixed Income Portfolio - seeks to provide long term total return, which includes capital appreciation and income, by investing in high yield bonds and emerging markets debt;
•Mercer Long Strips Fixed Income Portfolio - seeks to extend the duration of plan assets by investing in US Treasury STRIPS with a maturity of greater than 20 years;
•Mercer Core Real Estate Portfolio - seeks to earn attractive risk-adjusted returns on a diversified portfolio of private real estate, by systematically favoring the market segments and opportunities believed to offer the most attractive relative value at a given point in time;
•Mercer Active Intermediate Credit Fixed Income Portfolio - seeks to maximize long-term total return relative to the Bloomberg Barclays US Intermediate Credit Index;
•Mercer Long Duration Passive Fixed Income Portfolio - seeks to match the total return of the Bloomberg US Long Government Bond Index.

The 2025 and 2024 common collective trust funds are available for immediate redemption.

The table below sets forth a summary of changes in the Company's Level 3 assets in its pension plan investments as of December 31, 2025 and December 31, 2024:
20252024
OtherInsurance ContractsTotalOtherInsurance ContractsTotal
Beginning balance$4.1 $21.1 $25.2 $4.3 $23.7 $28.0 
Acquisition— — — — — — 
Net Sales— (0.3)(0.3)— (0.3)(0.3)
Net Gains (Losses)0.5 (1.7)(1.2)0.1 (0.8)(0.7)
Translation0.6 2.7 3.3 (0.3)(1.5)(1.8)
Ending balance$5.2 $21.8 $27.0 $4.1 $21.1 $25.2 

The Company made contributions to its defined benefit pension plans of $15.5 million and $16.6 million for the years ended December 31, 2025 and December 31, 2024.

The Company estimates that in 2026 it will make contributions in the amount of $18.7 million to fund its defined benefit pension plans.

The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
YearExpected Payments
2026$40.1 
202737.3 
202837.5 
202937.1 
203036.9 
2031-2035176.7 

Post-Retirement Health Care Plans

The Company's other post-retirement health care plans were not material during 2025 and 2024.
Defined Contribution Plans
Company contributions to domestic defined contribution plans totaled $21.7 million, $29.5 million and $24.3 million in 2025, 2024 and 2023, respectively. Company contributions to non-US defined contribution plans were $11.8 million, $14.0 million and $15.7 million in 2025, 2024 and 2023, respectively.
v3.25.4
Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
The Company leases certain manufacturing facilities, warehouses/distribution centers, office space, machinery, equipment, IT assets, and vehicles. If the contract provides the Company the right to substantially all of the economic benefits from the use of the identified asset and the right to direct the use of the identified asset, it is considered to be or contain a lease. Right-of-use ("ROU") assets and lease liabilities are recognized at lease commencement date based on the present value of the future lease payments over the expected lease term.

As most of the Company's leases do not provide an implicit rate, the Company determines its incremental borrowing rate based on its unsecured borrowing rate, adjusted for collateralization and lease term, at the lease commencement date. For leases denominated in a currency other than the US dollar, the incremental borrowing rate is estimated based upon the sovereign treasury rate for the currency in which the lease liability is denominated when the Company takes possession of the leased asset, adjusted for various factors, such as term and internal credit spread. The ROU asset also includes any lease payments made and excludes lease incentive and initial direct costs incurred.

Leases entered into may include one or more options to renew. The renewal terms can extend the lease term from one to twenty-five years. The exercise of lease renewal options is at the Company's sole discretion. Renewal option periods are included in the measurement of the ROU asset and lease liability when the exercise is reasonably certain to occur. Some leases include options to terminate the lease upon breach of contract and are remeasured at that point in time.

The depreciable life of leased assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise.

Some of the Company's lease agreements include rental payments adjusted periodically for inflation or are based on an index rate. These increases are reflected as variable lease payments and are included in the measurement of the ROU asset and lease liability. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Operating leases are included in the following asset and liability accounts on the Company's Consolidated Balance Sheets: Operating Lease Assets, Current Operating Lease Liabilities, and Noncurrent Operating Lease Liabilities. ROU assets and liabilities arising from finance leases are included in the following asset and liability accounts on the Company's Consolidated Balance Sheets: Net Property, Plant and Equipment (see Note 2 - Accounting Policies), Current Maturities of Long-Term Debt and Long-Term Debt (see Note 7 - Debt and Bank Credit Facilities).

Short-term and variable lease expense was immaterial. The components of lease expense were as follows:
202520242023
Operating Lease Cost$54.4 $55.1 $56.1 
Finance Lease Cost:
   Amortization of ROU Assets4.8 3.6 3.2 
   Interest on Lease Liabilities5.0 3.6 3.7 
Total Lease Expense$64.2 $62.3 $63.0 

Maturity of lease liabilities as of December 31, 2025 were as follows:
Operating LeasesFinance LeasesTotal
2026$47.6 $11.3 $58.9 
202737.8 11.5 49.3 
202826.0 10.5 36.5 
202917.2 9.8 27.0 
203014.4 9.3 23.7 
Thereafter79.5 181.1 260.6 
Total Lease Payments$222.5 $233.5 $456 
Less: Interest(70.0)(139.7)(209.7)
Present Value of Lease Liabilities$152.5 $93.8 $246.3 
Other information related to leases was as follows:
Supplemental Cash Flow Information:202520242023
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating Cash Flows - Operating Leases$51.7 $51.4 $56.2 
Operating Cash Flows - Finance Leases5.0 3.6 3.7 
Financing Cash Flows - Finance Leases4.4 3.9 3.3 
Leased Assets Obtained in Exchange for New Finance Lease Liabilities26.8 3.9 0.6 
Leased Assets Obtained in Exchange for New Operating Lease Liabilities35.1 22.8 115.7 
Weighted Average Remaining Lease Term (Years)
Operating Leases7.5 years7.3 years7.2 years
Finance Leases19.2 years14.8 years16.1 years
Weighted Average Discount Rate
Operating Leases7.9 %8.1 %8.1 %
Finance Leases8.9 %5.2 %5.2 %
The Company had no material operating or finance leases that have been entered into but not yet commenced as of December 31, 2025.
Leases Leases
The Company leases certain manufacturing facilities, warehouses/distribution centers, office space, machinery, equipment, IT assets, and vehicles. If the contract provides the Company the right to substantially all of the economic benefits from the use of the identified asset and the right to direct the use of the identified asset, it is considered to be or contain a lease. Right-of-use ("ROU") assets and lease liabilities are recognized at lease commencement date based on the present value of the future lease payments over the expected lease term.

As most of the Company's leases do not provide an implicit rate, the Company determines its incremental borrowing rate based on its unsecured borrowing rate, adjusted for collateralization and lease term, at the lease commencement date. For leases denominated in a currency other than the US dollar, the incremental borrowing rate is estimated based upon the sovereign treasury rate for the currency in which the lease liability is denominated when the Company takes possession of the leased asset, adjusted for various factors, such as term and internal credit spread. The ROU asset also includes any lease payments made and excludes lease incentive and initial direct costs incurred.

Leases entered into may include one or more options to renew. The renewal terms can extend the lease term from one to twenty-five years. The exercise of lease renewal options is at the Company's sole discretion. Renewal option periods are included in the measurement of the ROU asset and lease liability when the exercise is reasonably certain to occur. Some leases include options to terminate the lease upon breach of contract and are remeasured at that point in time.

The depreciable life of leased assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise.

Some of the Company's lease agreements include rental payments adjusted periodically for inflation or are based on an index rate. These increases are reflected as variable lease payments and are included in the measurement of the ROU asset and lease liability. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Operating leases are included in the following asset and liability accounts on the Company's Consolidated Balance Sheets: Operating Lease Assets, Current Operating Lease Liabilities, and Noncurrent Operating Lease Liabilities. ROU assets and liabilities arising from finance leases are included in the following asset and liability accounts on the Company's Consolidated Balance Sheets: Net Property, Plant and Equipment (see Note 2 - Accounting Policies), Current Maturities of Long-Term Debt and Long-Term Debt (see Note 7 - Debt and Bank Credit Facilities).

Short-term and variable lease expense was immaterial. The components of lease expense were as follows:
202520242023
Operating Lease Cost$54.4 $55.1 $56.1 
Finance Lease Cost:
   Amortization of ROU Assets4.8 3.6 3.2 
   Interest on Lease Liabilities5.0 3.6 3.7 
Total Lease Expense$64.2 $62.3 $63.0 

Maturity of lease liabilities as of December 31, 2025 were as follows:
Operating LeasesFinance LeasesTotal
2026$47.6 $11.3 $58.9 
202737.8 11.5 49.3 
202826.0 10.5 36.5 
202917.2 9.8 27.0 
203014.4 9.3 23.7 
Thereafter79.5 181.1 260.6 
Total Lease Payments$222.5 $233.5 $456 
Less: Interest(70.0)(139.7)(209.7)
Present Value of Lease Liabilities$152.5 $93.8 $246.3 
Other information related to leases was as follows:
Supplemental Cash Flow Information:202520242023
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating Cash Flows - Operating Leases$51.7 $51.4 $56.2 
Operating Cash Flows - Finance Leases5.0 3.6 3.7 
Financing Cash Flows - Finance Leases4.4 3.9 3.3 
Leased Assets Obtained in Exchange for New Finance Lease Liabilities26.8 3.9 0.6 
Leased Assets Obtained in Exchange for New Operating Lease Liabilities35.1 22.8 115.7 
Weighted Average Remaining Lease Term (Years)
Operating Leases7.5 years7.3 years7.2 years
Finance Leases19.2 years14.8 years16.1 years
Weighted Average Discount Rate
Operating Leases7.9 %8.1 %8.1 %
Finance Leases8.9 %5.2 %5.2 %
The Company had no material operating or finance leases that have been entered into but not yet commenced as of December 31, 2025.
v3.25.4
Shareholders' Equity
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Shareholders' Equity Shareholders' Equity
Repurchase of Common Stock

At a meeting of the Board of Directors on October 26, 2021, the Company's Board of Directors approved the authorization to purchase up to $500.0 million of shares under the Company's share repurchase program. The authorization has no expiration date. In 2024, the Company acquired and retired 332,439 shares of its common stock at an average cost of $150.42 per share for a total cost of $50.0 million. The Company did not acquire any shares of its common stock in 2025 or 2023.

Based on share repurchase activity since the most recent authorization, as of December 31, 2025, the maximum value of shares of the Company’s common stock available to be purchased under the Company's share repurchase program was approximately $145.0 million.

Share-Based Compensation
The Company recognized approximately $37.3 million, $34.8 million and $58.2 million in share-based compensation expense in 2025, 2024 and 2023, respectively. In connection with the Altra Transaction, the Company incurred $15.7 million of share-based compensation expense during the first quarter of 2023 related to the accelerated vesting of awards for certain former Altra employees. The total income tax benefit recognized in the Consolidated Statements of Income (Loss) for share-based compensation expense was $4.2 million, $4.8 million and $10.5 million in 2025, 2024 and 2023, 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. The total fair value of shares and options vested was $37.5 million, $46.2 million and $35.4 million in 2025, 2024 and 2023, respectively.

Total unrecognized compensation cost related to share-based compensation awards was approximately $37.5 million, which the Company expects to recognize over a weighted average period of approximately 1.5 years as of December 31, 2025.

During 2023, the Company's shareholders approved the 2023 Equity Incentive Plan ("2023 Plan"). The 2023 Plan authorized the issuance of 5.6 million shares of common stock for equity-based awards and terminated any further grants under prior equity plans. Approximately 4.5 million shares were available for future grant or payment under the 2023 Plan as of December 31, 2025.
Options and Stock Appreciation Rights

The Company uses several forms of share-based incentive awards including non-qualified stock options and stock settled stock appreciation rights (“SARs”). SARs are the right to receive stock in an amount equal to the appreciation in value of a share of stock over the base price per share. Shares granted generally vest over three years on the anniversary date of the grant date. Generally all grants expire 10 years from the grant date. All grants are made at prices equal to the fair market value of the stock on the grant date. For the years ended December 31, 2025, December 31, 2024 and December 31, 2023, expired and canceled shares were immaterial.

The table below presents share-based compensation activity for 2025, 2024 and 2023:
202520242023
Total Intrinsic Value of Share-Based Incentive Awards Exercised$7.2 $22.0 $6.2 
Cash Received from Stock Option Exercises2.0 4.9 2.5 
Income Tax Benefit from the Exercise of Stock Options5.8 21.2 5.3 
Total Fair Value of Share-Based Incentive Awards Vested8.3 13.4 10.9 

There were no options or SARs granted in 2025. The weighted average assumptions used in the Company's Black-Scholes valuation related to grants for options and SARs in 2024 and 2023 were as follows:
20242023
Per Share Weighted Average Fair Value of Grants$62.85$54.20
Risk-Free Interest Rate4.3%4.1%
Expected Life (Years)5.05.0
Expected Volatility38.0%35.8%
Expected Dividend Yield0.8%0.9%

The average risk-free interest rate is based on US Treasury security rates in effect as of the grant date. The expected dividend yield is based on the projected annual dividend as a percentage of the estimated market value of the Company's common stock as of the grant date. The Company estimated the expected volatility using a weighted average of daily historical volatility of the Company's stock price over the expected term of the award. The Company estimated the expected term using historical data.

Following is a summary of share-based incentive plan activity (options and SARs) for 2025:
Number of Shares Under Options and SARsSharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Term (years)Aggregate Intrinsic Value (in millions)
Outstanding as of December 31, 2024628,494$116.90 
Exercised(110,758)77.15 
Forfeited(12,288)162.14 
Outstanding as of December 31, 2025505,448$124.58 5.1$12.4 
Exercisable as of December 31, 2025418,480$116.77 4.8$12.3 

Compensation expense recognized related to options and SARs was $3.2 million, $5.1 million and $7.4 million for 2025, 2024 and 2023, respectively.

As of December 31, 2025, there was $2.0 million of unrecognized compensation cost related to non-vested options and SARs that is expected to be recognized as a charge to earnings over a weighted average period of 0.7 years.

The amount of options and SARs expected to vest is materially consistent with those outstanding and not yet exercisable.
Restricted Stock Awards and Restricted Stock Units

Restricted stock awards ("RSAs") and restricted stock units ("RSUs") consist of shares or the rights to shares of the Company's stock. The awards are restricted such that they are subject to substantial risk of forfeiture and to restrictions on their sale or other transfer. As defined in the individual grant agreements, acceleration of vesting may occur under a change in control, or death, disability or normal retirement of the grantee.

Following is the summary of RSAs activity for 2025:
SharesWeighted Average Fair Value at Grant DateWeighted Average Remaining Contractual Term (years)
Unvested RSAs as of December 31, 20241,991$136.77 1.9
Vested(934)136.77 
Unvested RSAs as of December 31, 20251,057$136.77 1.4

There were no RSA grants in 2025 and 2024. The weighted average grant date fair value of awards granted was $134.71 in 2023.

Other than RSAs that were issued to replace equity awards held by employees of Altra at the time of the Altra acquisition in the prior year, RSAs vest on the one year anniversary of the grant date, provided the holder of the shares is continuously employed by or in the service of the Company until the vesting date. Compensation expense recognized related to the RSAs was $0.1 million, $0.9 million and $2.3 million for 2025, 2024 and 2023, respectively.

As of December 31, 2025, there was $0.1 million of unrecognized compensation cost related to non-vested RSAs that is expected to be recognized as a charge to earnings over a weighted average period of 1.4 years.

Following is the summary of RSUs activity for 2025:
SharesWeighted Average Fair Value at Grant DateWeighted Average Remaining Contractual Term (years)
Unvested RSUs as of December 31, 2024242,173$154.79 1.8
Granted
216,773133.95 
Vested(108,542)153.18 
Forfeited(44,253)143.54 
Unvested RSUs as of December 31, 2025306,151$142.41 1.7

The weighted average grant date fair value of awards granted was $133.95, $165.10 and $141.89 in 2025, 2024 and 2023, respectively.

Other than RSUs that were issued to replace equity awards held by employees of Altra at the time of the Altra acquisition in the prior year, RSUs vest one third each year on the anniversary of the grant date, provided the holder of the shares is continuously employed by the Company until the vesting date. Compensation expense recognized related to the RSUs was $19.8 million, $17.3 million and $24.7 million for 2025, 2024 and 2023, respectively.

As of December 31, 2025, there was $20.9 million of unrecognized compensation cost related to non-vested RSUs that is expected to be recognized as a charge to earnings over a weighted average period of 1.7 years.
Performance Share Units

Performance share unit awards ("PSUs") consist of the right to shares of the Company's stock awarded to associates of the Company. PSUs vest upon the approval of metric achievement in the first quarter after the conclusion of the three year overall performance period. PSUs are granted at a performance target of 100%. The 2025 PSUs include three performance metrics that are equally weighted: relative Total Shareholder Return (“rTSR”) as compared to the S&P 900 Industrials index, Return on Invested Capital, and Synergy Achievement. The payout for each performance metric ranges from 0% to 200%. The 2025 PSUs also include a revenue multiplier based on the Company's revenue growth over a three-year period from 2025 through 2027, which allows for up to a maximum 300% total payout. PSUs issued in 2024 had a performance metric based on rTSR, as compared to the S&P 900 Industrials index. PSUs issued in 2023 had a performance metric based on rTSR, as compared to a designated peer group.

The portion of PSUs with a performance metric using rTSR are valued using a Monte Carlo simulation method as of the grant date because it contains a market condition. The portion of PSUs with performance metrics based on Return on Invested Capital and Synergy Achievement are valued using the closing market price of the Company's stock as of the grant date. As set forth in the individual grant agreements, acceleration of prorated vesting may occur under a change of control, approved retirement, death or disability. There are no voting rights with these instruments until vesting occurs and a share of stock is issued.

The assumptions used in the Company's Monte Carlo simulation related to grants for PSUs were as follows:
December 31, 2025December 31, 2024December 31, 2023
Risk-free interest rate4.2%4.5%4.4%
Expected life (years)3.03.03.0
Expected volatility38.0%36.0%41.0%
Expected dividend yield—%—%—%

Following is the summary of PSUs activity for 2025:
SharesWeighted Average Fair Value at Grant DateWeighted Average Remaining Contractual Term (years)
Unvested PSUs as of December 31, 2024142,086$229.60 1.8
Granted108,770139.54 
Vested(33,691)150.85 
Forfeited(18,434)182.24 
Unvested PSUs as of December 31, 2025198,731$194.65 1.3

The weighted average grant date fair value of awards granted was $139.54, $254.05 and $235.77 in 2025, 2024 and 2023, respectively.
Compensation expense recognized related to PSUs was $14.2 million, $11.5 million and $8.1 million for 2025, 2024 and 2023, respectively. Total unrecognized compensation expense for all PSUs granted as of December 31, 2025 was $14.5 million and it is expected to be recognized as a charge to earnings over a weighted average period of 1.3 years.
v3.25.4
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income (loss) before taxes consisted of the following:
For the Year Ended
December 31, 2025
December 31, 2024
December 31, 2023
US$(72.5)$(169.2)$(389.5)
Foreign425.0 417.2 387.9 
Total$352.5 $248.0 $(1.6)

The provision for income taxes is summarized as follows:
For the Year Ended
December 31, 2025
December 31, 2024
December 31, 2023
Current
US Federal $34.5 $45.9 $39.6 
US State7.5 10.0 6.4 
 Foreign126.9 146.0 122.0 
$168.9 $201.9 $168.0 
Deferred
US Federal $(56.0)$(89.6)$(84.3)
US State(7.2)(15.3)(9.4)
 Foreign(34.0)(47.4)(21.6)
$(97.2)$(152.3)$(115.3)
Total
US Federal$(21.5)$(43.7)$(44.7)
US State0.3 (5.3)(3.0)
Foreign92.9 98.6 100.4 
Total$71.7 $49.6 $52.7 
A reconciliation of the federal statutory expense (benefit) and the income tax expense reflected in the Consolidated Statements of Income (Loss) follows:

For the Year Ended
December 31, 2025
AmountPercent
US federal statutory income tax rate$74.0 21.0 %
Domestic federal
Tax credits (14.3)(4.1)%
Cross-border tax laws
Foreign Inclusions14.6 4.1 %
Other(9.3)(2.6)%
Other 0.9 0.3 %
Foreign tax effects5.0 1.4 %
Other0.8 0.2 %
Total$71.7 20.3 %

The Company has not presented separately in the table above the income tax expense or benefit associated with domestic federal nontaxable or nondeductible items, state taxes, changes in unrecognized tax benefits, and changes in valuation allowance as they are not material.
For the Year Ended
December 31, 2024
December 31, 2023
Federal Statutory Expense (Benefit)$52.1 $(0.4)
State Income Taxes, Net of Federal Benefit(3.2)(8.6)
Effect of Impairments and Divestitures21.2 35.0 
Foreign Rate Differential(8.3)(10.8)
Research and Development Credit(8.7)(8.7)
Valuation Allowance(6.6)4.3 
Tax on Repatriation5.3 25.8 
Transaction Costs— 6.9 
US Tax on Foreign Operations(6.6)14.2 
Deferred Tax Remeasurement(1.1)3.4 
Other5.5 (8.4)
Income Tax Expense$49.6 $52.7 

Deferred taxes arise primarily from differences in amounts reported for tax and financial statement purposes. The Company's net deferred tax liability was $716.4 million as of December 31, 2025, classified on the Consolidated Balance Sheets as a net non-current deferred income tax asset of $36.2 million and a net non-current deferred income tax liability of $752.6 million. As of December 31, 2024, the Company's net deferred tax liability was $785.5 million classified on the Consolidated Balance Sheets as a net non-current deferred income tax asset of $30.0 million and a net non-current deferred income tax liability of $815.5 million.
The components of this net deferred tax liability are as follows:
December 31, 2025December 31, 2024
Accrued Benefits$59.9 $53.1 
Bad Debt Allowances5.3 7.4 
Warranty Accruals6.4 7.6 
Derivative Instruments— 2.6 
Inventory36.3 33.7 
Tax Loss Carryforward12.4 14.8 
Operating Lease Liability60.3 56.5 
Deferred Interest116.2 92.6 
Other53.1 35.0 
    Deferred Tax Assets before Valuation Allowance349.9 303.3 
Valuation Allowance(20.8)(8.3)
    Total Deferred Tax Assets329.1 295.0 
Property Related(81.4)(83.3)
Intangible Items(891.4)(936.4)
Accrued Liabilities(17.0)(11.8)
Derivative Instruments(5.5)— 
Operating Lease Asset(50.2)(49.0)
    Deferred Tax Liabilities(1,045.5)(1,080.5)
Net Deferred Tax Liability$(716.4)$(785.5)

Following is a reconciliation of the beginning and ending amount of unrecognized tax benefits:
Unrecognized Tax Benefits, December 31, 2022$5.7 
Gross Increases from Current Period Tax Positions0.3 
Gross Increases from Acquisitions3.8 
Lapse of Statute of Limitations(1.3)
Unrecognized Tax Benefits, December 31, 2023$8.5 
Gross Increases from Current Period Tax Positions0.8 
Acquisition Measurement Period Adjustment(2.8)
Lapse of Statute of Limitations(2.3)
Unrecognized Tax Benefits, December 31, 2024$4.2 
Gross Increases from Current Period Tax Positions1.5 
Lapse of Statute of Limitations(1.5)
Unrecognized Tax Benefits, December 31, 2025$4.2 

Unrecognized tax benefits as of December 31, 2025, December 31, 2024, and December 31, 2023 were $4.2 million, $4.2 million and $8.5 million, all of which would impact the effective income tax rate if recognized.

The Company recognizes interest and penalties related to unrecognized tax benefits in Provision for Income Taxes in the Consolidated Statements of Income (Loss). During 2025, 2024 and 2023, the Company recognized approximately $(0.2) million, $(0.3) million and $(0.1) million of net interest income related to unrecognized tax benefits, respectively. The Company had approximately $0.5 million and $0.7 million of accrued interest related to unrecognized tax benefits as of December 31, 2025 and December 31, 2024, respectively.
The components of income taxes paid for 2025 are as follows:

For the Year Ended
December 31, 2025
US Federal$25.8 
US State and Local7.4 
Foreign
Canada17.8 
China19.7 
Germany18.2 
India19.8 
Mexico19.1 
Netherlands10.7 
Switzerland11.5 
Other38.7 
Total Foreign
155.5 
Total$188.7 

The Company conducts business globally and, as a result, files income tax returns in the US federal jurisdiction and various state and foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. The US Internal Revenue Service is currently conducting an audit of the Company's 2022 income tax return. No material deficiencies have been assessed related to ongoing audits as of December 31, 2025. With few exceptions, the Company is no longer subject to US federal and state/local income tax examinations by tax authorities for years prior to 2022, and the Company is no longer subject to non-US income tax examinations by tax authorities for years prior to 2021.

As of December 31, 2025 and December 31, 2024 the Company had approximately $12.4 million and $14.8 million, respectively, of tax effected net operating losses in various jurisdictions. Of the $12.4 million as of December 31, 2025, $5.1 million expires over a period of 10 to 30 years and $7.3 million does not expire.

Valuation allowances totaling $20.8 million and $8.3 million as of December 31, 2025 and December 31, 2024, respectively, have been established for deferred income tax assets primarily related to certain US and foreign carryforward balances that may not be realized. Realization of the net deferred income tax assets is dependent on generating sufficient taxable income prior to their expiration. Although realization is not assured, management believes it is more-likely-than-not that the net deferred income tax assets will be realized. The amount of the net deferred income tax assets considered realizable, however, could change in the near term if future taxable income during the carryforward period fluctuates.

The Company continues to treat approximately $263.2 million of earnings from certain foreign entities as permanently reinvested and has not recorded a deferred tax liability for the local withholding taxes of approximately $21.1 million on those earnings.

On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was signed into US law, which contains a broad range of tax reform provisions, including domestic research and development cost expensing, extension of 100% bonus depreciation, limitations on interest expense deductions and revisions to international tax regimes. The Company has completed its evaluation of the financial impacts of the OBBBA, which did not result in a material effect on our annual effective tax rate or cash flows for the year ended December 31, 2025. The Company does not currently anticipate OBBBA having a material effect on our annual effective tax rate or cash flows in future years.
v3.25.4
Contingencies
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Contingencies Contingencies
The Company is party to litigation and other legal or regulatory proceedings that arise in the normal course of the Company's business operations, 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 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, death 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 to the extent that losses are deemed probable and are reasonably estimable. The Company does not currently believe that the outcome of any of these proceedings individually or collectively will have a material effect on the Company's financial position, results of operations or its cash flows.

The Company is subject to federal, state and local environmental protection laws and regulations with respect to our business operations and is operating in compliance with, or taking action aimed at helping ensure compliance with, these laws and regulations. The Company’s threshold for disclosing environmental legal proceedings involving a government authority where potential monetary sanctions are involved is $1 million.

The most significant legal proceedings involving the Company are described below.

One of the Company's subsidiaries 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.

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 is a reconciliation of the changes in accrued warranty costs for 2025 and 2024:
December 31, 2025December 31, 2024
Beginning Balance$33.4 $34.5 
    Less: Payments28.8 21.9 
    Provisions22.2 21.5 
    Translation Adjustments3.8 (0.7)
Ending Balance$30.6 $33.4 

These liabilities are included in Other Accrued Expenses and Other Noncurrent Liabilities on the Consolidated Balance Sheets.
v3.25.4
Derivative Financial Instruments
 12 Months Ended
Dec. 31, 2025
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 have been utilized to manage interest rate risk associated with the Company's floating rate borrowings. There are no outstanding interest rate swaps as of December 31, 2025.

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 and foreign currency exchange contracts. 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 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 December 31, 2025 or December 31, 2024.

Cash flow hedges

The effective portion of the gain or loss on the derivative is reported as a component of AOCI and reclassified into earnings 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 December 31, 2025 and December 31, 2024, the Company had $3.8 million and $(0.8) million, net of tax, of derivative gains and losses, respectively, on closed hedge instruments in AOCI that will be realized in earnings when the hedged items impact earnings.
The Company has commodity forward contracts to hedge forecasted purchases of commodities with maturities extending through June 2027. The notional amounts expressed in terms of the dollar value of the hedged item were as follows:
December 31, 2025December 31, 2024
Copper$78.3 $41.7 

The Company has currency forward contracts with maturities extending through June 2027. The notional amounts expressed in terms of the dollar value of the hedged currency were as follows:
December 31, 2025December 31, 2024
Euro$753.9 $1,221.5 
Mexican Peso375.4 233.2 
Chinese Renminbi586.4 359.5 
Indian Rupee44.8 23.0 
Canadian Dollar147.3 52.2 
Australian Dollar6.1 — 
British Pound16.9 6.1 

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 terminated in March 2022. The cash proceeds of $16.2 million received to settle the terminated swaps were recognized as a reduction of interest expense via the effective interest rate method through June 2025 when the balances under the related Term Facility were repaid. 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 and scheduled expiration in March 2027. These swaps were terminated on June 30, 2025 in connection with the repayment of the related Term Facility, resulting in cash proceeds and a recognized gain of $3.1 million, which is recorded in Interest Expense on the Consolidated Statements of Income (Loss).
Fair values of derivative instruments as of December 31, 2025 and December 31, 2024 were:
December 31, 2025
Prepaid Expenses and Other Current AssetsOther Noncurrent AssetsOther Accrued Expenses
Designated as Hedging Instruments:
   Currency Contracts$6.0 $0.5 $0.3 
   Commodity Contracts9.5 1.1 0.4 
Not Designated as Hedging Instruments:
   Currency Contracts5.2 — 2.6 
Total Derivatives$20.7 $1.6 $3.3 
December 31, 2024
Prepaid Expenses and Other Current AssetsOther Noncurrent AssetsOther Accrued Expenses
Designated as Hedging Instruments:
   Interest Rate Swap Contracts$— $5.5 $— 
   Currency Contracts0.1 — 8.0 
   Commodity Contracts0.1 — 4.4 
Not Designated as Hedging Instruments:
   Currency Contracts0.9 — 5.6 
Total Derivatives$1.1 $5.5 $18.0 

Derivatives Designated as Cash Flow Hedging Instruments

The effect of derivative instruments designated as cash flow hedges on the Consolidated Statements of Income (Loss) and Consolidated Statements of Comprehensive Income for 2025, 2024 and 2023 were:
2025
Interest
CommodityCurrencyRate
ForwardsForwardsSwapsTotal
Gain (Loss) Recognized in Other Comprehensive Income (Loss)$16.5 $14.8 $(2.4)$28.9 
Amounts Reclassified from Other Comprehensive Income (Loss) Gain:
Loss Recognized in Cost of Sales(0.6)(5.3)— (5.9)
Gain Recognized in Interest Expense— — 6.1 6.1 
2024
Interest
CommodityCurrencyRate
ForwardsForwardsSwapsTotal
(Loss) Gain Recognized in Other Comprehensive Loss$(4.5)$(14.3)$0.2 $(18.6)
Amounts Reclassified from Other Comprehensive Income (Loss):
(Loss) Gain Recognized in Cost of Sales(1.3)22.3 — 21.0 
Gain Recognized in Interest Expense— — 5.6 5.6 
2023
Interest
CommodityCurrencyRate
ForwardsForwardsSwapsTotal
(Loss) Gain Recognized in Other Comprehensive Loss$(0.5)$31.2 $(2.5)$28.2 
Amounts Reclassified from Other Comprehensive Income (Loss):
(Loss) Gain Recognized in Cost of Sales(13.6)20.8 — 7.2 
Gain Recognized in Interest Expense— — 5.9 5.9 

The ineffective portion of hedging instruments recognized was immaterial for all periods presented.

Derivatives Not Designated as Cash Flow Hedging Instruments

The effect of derivative instruments not designated as cash flow hedges on the Consolidated Statements of Income (Loss) for 2025, 2024 and 2023 were:
2025
Commodity ForwardsCurrency ForwardsTotal
Gain (Loss) recognized in Operating Expenses$— $10.8 $10.8 
2024
Commodity ForwardsCurrency ForwardsTotal
Gain recognized in Operating Expenses$— $4.6 $4.6 

2023
Commodity ForwardsCurrency ForwardsTotal
Gain recognized in Cost of Sales$0.3 $— $0.3 
Loss recognized in Operating Expenses— (17.8)(17.8)

The AOCI balance related to hedging activities consists of a $16.3 million gain net of tax as of December 31, 2025 which includes $15.2 million of net current deferred gain expected to be reclassified to the Consolidated Statements of Income (Loss) 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, except for the recognized gain related to the termination of the interest rate swaps on June 30, 2025.
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 Consolidated Balance Sheets on a gross basis for the periods ended December 31, 2025 and December 31, 2024.

The following table presents on a net basis the derivative assets and liabilities that are subject to right of offset under enforceable master netting agreements:
December 31, 2025
Gross Amounts as Presented in the Consolidated Balance SheetDerivative Contract Amounts Subject to Right of OffsetDerivative Contracts as Presented on a Net Basis
Assets$22.3 $(2.2)$20.1 
Liabilities3.3 (2.2)1.1 
December 31, 2024
Gross Amounts as Presented in the Consolidated Balance SheetDerivative Contract Amounts Subject to Right of OffsetDerivative Contracts as Presented on a Net Basis
Assets$6.6 $(1.1)$5.5 
Liabilities18.0 (1.1)16.9 
v3.25.4
Fair Value
 12 Months Ended
Dec. 31, 2025
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 1Unadjusted quoted prices in active markets for identical assets or liabilities
Level 2Unadjusted 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 3Unobservable 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 December 31, 2025 and December 31, 2024, 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 December 31, 2025 and December 31, 2024.
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 December 31, 2025 and December 31, 2024, respectively:
December 31, 2025December 31, 2024
Classification
Assets:
  Prepaid Expenses and Other Current Assets:
     Derivative Currency Contracts$11.2 $1.0 Level 2
     Derivative Commodity Contracts9.5 0.1 Level 2
  Other Noncurrent Assets:
Interest Rate Swap— 5.5 Level 2
Assets Held in Rabbi Trust16.8 14.6 Level 1
     Derivative Currency Contracts0.5 — Level 2
     Derivative Commodity Contracts1.1 — Level 2
Liabilities:
  Other Accrued Expenses:
     Derivative Currency Contracts2.9 13.6 Level 2
     Derivative Commodity Contracts0.4 4.4 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. Senior Notes are valued based on rates for instruments with comparable maturities and credit quality. See Note 7 - Debt and Bank Credit Facilities for further information.
v3.25.4
Restructuring Activities
 12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Activities Restructuring Activities
The Company incurred restructuring and restructuring-related costs on projects during 2025, 2024 and 2023. 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 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 2025 and 2024:
December 31, 2025December 31, 2024
Beginning Balance$16.3 $29.1 
Provision(1)
24.5 41.3 
Less: Payments32.1 54.1 
Ending Balance$8.7 $16.3 
(1) Excludes equipment related write-offs and restructuring related depreciation adjustments

The following is a reconciliation of expenses by type for the restructuring projects in 2025, 2024 and 2023:
202520242023
Restructuring Costs:Cost of SalesOperating ExpensesTotalCost of SalesOperating ExpensesTotalCost of SalesOperating ExpensesTotal
Severance Expense$6.0 $11.7 $17.7 $11.2 $14.7 $25.9 $12.1 $15.2 $27.3 
Facility Related Costs4.9 2.9 7.8 7.8 1.5 9.3 25.5 0.3 25.8 
Other Expenses0.6 0.2 0.8 6.5 2.4 8.9 7.8 0.6 8.4 
Total Restructuring Costs$11.5 $14.8 $26.3 $25.5 $18.6 $44.1 $45.4 $16.1 $61.5 

The following table shows the allocation of Restructuring Expenses by segment for 2025, 2024 and 2023:
Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsTotal
Restructuring Expenses - 2025$3.0 $20.1 $3.2 $— $26.3 
Restructuring Expenses - 2024$10.1 $21.7 $11.3 $1.0 $44.1 
Restructuring Expenses - 2023$3.2 $27.0 $30.4 $0.9 $61.5 

The Company expects to record aggregate future charges of approximately $27.0 million in 2026. The Company continues to evaluate operating efficiencies and anticipates incurring additional costs in future periods in connection with these activities.
v3.25.4
Schedule II Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II Valuation and Qualifying Accounts
SCHEDULE II
REGAL REXNORD CORPORATION
VALUATION AND QUALIFYING ACCOUNTS
Balance Beginning of YearCharged to ExpensesDeductions (a)Adjustments (b)Balance End of Year
(Dollars in Millions)
Allowance for Credit Losses:
2025$29.9 $0.2 $(7.3)$(12.3)$10.5 
202430.3 3.4 (3.8)— 29.9 
202330.9 (0.4)(4.1)3.9 30.3 

(a) Deductions consist of write offs charged against the allowance for doubtful accounts.
(b) Adjustment for 2025 consists of allowance for credit losses associated with receivables sold under the Securitization Facility. See Note 6 - Receivables Securitization for additional information. Adjustment for 2023 consists of purchase accounting adjustment and translation. 2023 adjustment also includes $5.8 million reclassified to Assets Held for Sale for the industrial motors and generators businesses within the Industrial Systems segment. See Note 3 - Acquisitions and Divestitures for more information.
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Our global risk management policy provides a uniform approach for monitoring, identifying, measuring and responding to enterprise-wide risk to minimize potential disruptions to business operations and harm to reputation. Our global risk management policies framework encompasses enterprise risk management, business continuity and cybersecurity. Cybersecurity risk is a key component of our overall global risk management policy. The Company’s cybersecurity program is focused on the following areas:

•Governance: In furtherance of the Board’s risk management oversight objectives, the Company convenes a Risk Committee comprised of key functional and business leaders. Among other members, the Risk Committee includes our Chief Information Security Officer (“CISO”), our Senior Director of Global Risk and Property Management, our Vice President, Internal Audit, our Vice President, Environmental, Health and Safety, and members of the Legal and Compliance teams. This diverse group supports a strong focus on cybersecurity, business continuity, and associated enterprise risks. The Risk Committee's members are charged with, among other things, identifying and assessing significant and emerging risks, as well as working with executive leadership teams to develop and execute plans, responses and mitigation strategies to address significant cybersecurity risks, that could otherwise negatively impact our ability to achieve our objectives. The Risk Committee’s cybersecurity management function addresses the Company’s information security challenges and risks from various IT-related sources.
•Collaborative Approach: The Company has developed and implemented a robust approach to identify, prevent and mitigate cybersecurity threats and incidents. This is supported by clear and direct cross-functional escalation paths to ensure proper handling and analysis so that decisions regarding response, materiality and any resulting disclosure and reporting of such incidents are clearly allocated and can be made in a timely manner.
•Technical Safeguards: The Company employs industry accepted security tools, techniques, and system monitoring to protect the confidentiality of our systems and data. Maintaining the privacy and security of our associate, customer, and third-party data is paramount. The Company deploys technical safeguards which include, but are not limited to, encryption, multi-factor authentication, network segmentation, privilege access management and endpoint detection and response. These safeguards are evaluated on a routine basis with the intention of identifying and remediating potential vulnerabilities and enhancing the overall security framework.
•Incident Response and Recovery Planning: The Company has established and maintains a comprehensive cyber incident response policy. This policy provides direction and guidance to address and manage security incidents, including identification, classification and response.
•Third-Party Risk Management: The Company maintains a risk-based approach to third party engagement and the cybersecurity risks associated therewith. This approach adheres to Company-policy, which includes regularly evaluating and identifying material risks from cybersecurity threats associated with third parties’ access to our systems, as well as the systems of third parties that could adversely impact our business in the event of a cybersecurity incident affecting those third-party systems.
•Education and Awareness: The Company provides annual mandatory global information security training and certification for personnel regarding cybersecurity threats. This training is offered in 20 languages to maximize associate accessibility and comprehension. The Company administers monthly targeted trainings and phishing simulations for our associates. Training sessions and additional phishing simulations are automatically deployed based on success and failure rates. In October 2025, the Company observed Cybersecurity Awareness Month with additional opportunities for engagement, interactive training and education. These activities are designed to develop a mature and vigilant, risk-aware culture among our associates.

The Company completes periodic assessments and testing of its practices addressing cybersecurity threats and incidents. These efforts include, but are not limited to, audits, assessments, tabletop exercises, and vulnerability testing and are focused on evaluation of cybersecurity policy efficacy. These assessments and testing efforts are supported by third-party consultants who specialize in cyber-risk mitigation. The results of these third-party engagements are used to inform enhancements and adjustments to our cybersecurity policies and practices.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] The Company’s cybersecurity policies and standards are fully integrated into our overall risk management process and were created based upon the National Institute of Standards and Technology cybersecurity framework and other applicable industry standards. The Company endeavors to manage cybersecurity risks through a comprehensive and multidisciplinary approach that emphasizes confidentiality, security, and availability of our information by deploying processes to support identification of cybersecurity threats and using tools for prevention and mitigation of cybersecurity incidents. To the extent that cybersecurity incidents may occur, the Company has established cross functional procedures that enable a prompt and effective response to cybersecurity incidents.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block] Our full Board is responsible for the oversight of the Company's operational and strategic risk management processes.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]
To gather information about risks to the organization, including cybersecurity, the Risk Committee identifies primary areas that generate enterprise risk and then distributes a survey to a group of our top leaders. The Risk Committee periodically summarizes its activities and findings (including the results of its survey and heat map analysis) related to cybersecurity and other risks directly to our CEO, as well as the Audit Committee and our full Board. The Risk Committee’s work is also used by our management team as part of our disclosure controls and procedures to ensure that information regarding material risks applicable to the Company are appropriately disclosed in our public filings.
While our Board maintains responsibility for oversight of all areas of risk management, it relies on our Audit Committee to address significant financial risk exposure we may face and the steps management has taken to monitor, control and report such exposures. These risks are further reported to the full Board, as appropriate.
The Risk Committee receives prompt information regarding any cybersecurity incident in accordance with our cyber incident response policy and crisis communication procedures. The Risk Committee, in concert with the executive leadership team, evaluates this information and escalates notice to the Board, as appropriate.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]
To gather information about risks to the organization, including cybersecurity, the Risk Committee identifies primary areas that generate enterprise risk and then distributes a survey to a group of our top leaders. The Risk Committee periodically summarizes its activities and findings (including the results of its survey and heat map analysis) related to cybersecurity and other risks directly to our CEO, as well as the Audit Committee and our full Board. The Risk Committee’s work is also used by our management team as part of our disclosure controls and procedures to ensure that information regarding material risks applicable to the Company are appropriately disclosed in our public filings.
While our Board maintains responsibility for oversight of all areas of risk management, it relies on our Audit Committee to address significant financial risk exposure we may face and the steps management has taken to monitor, control and report such exposures. These risks are further reported to the full Board, as appropriate.
The Risk Committee receives prompt information regarding any cybersecurity incident in accordance with our cyber incident response policy and crisis communication procedures. The Risk Committee, in concert with the executive leadership team, evaluates this information and escalates notice to the Board, as appropriate.
Cybersecurity Risk Role of Management [Text Block]
The CISO works collaboratively with the Risk Committee. The CISO has implemented and monitors a program designed to protect the Company’s information systems and to promptly respond to any cybersecurity incidents in accordance with the documented incident response plans. To facilitate the success of the Company’s cybersecurity risk management program, multidisciplinary teams are engaged to identify, classify, and address cybersecurity threats and incidents. Through prompt
notifications and ongoing communications, the CISO and other key management personnel work to monitor, prevent, detect, mitigate and remediate cybersecurity threats and incidents.
The Company’s cybersecurity programs are supported by experienced and knowledgeable leaders. The CISO has served in various roles related to information technology and information security for over 20 years. The CISO maintains relevant certifications, including Certified Information Systems Security Manager (“CISM”) and Certified Information Systems Auditor (“CISA”). Additionally, several cybersecurity team members reporting directly to the CISO maintain certifications, including CISM, CISA and Certified Information System Security Professionals (“CISSP”). The Company’s Chief Digital & Information Officer has over 30 years of experience with information technology and digital strategy. The Company’s CEO, CFO and General Counsel each have over 20 years of experience managing risk at the Company or at similar companies or in related settings, including risks arising from cybersecurity threats.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] The CISO has implemented and monitors a program designed to protect the Company’s information systems and to promptly respond to any cybersecurity incidents in accordance with the documented incident response plans.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] The CISO has served in various roles related to information technology and information security for over 20 years. The CISO maintains relevant certifications, including Certified Information Systems Security Manager (“CISM”) and Certified Information Systems Auditor (“CISA”). Additionally, several cybersecurity team members reporting directly to the CISO maintain certifications, including CISM, CISA and Certified Information System Security Professionals (“CISSP”). The Company’s Chief Digital & Information Officer has over 30 years of experience with information technology and digital strategy. The Company’s CEO, CFO and General Counsel each have over 20 years of experience managing risk at the Company or at similar companies or in related settings, including risks arising from cybersecurity threats.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] Through prompt
notifications and ongoing communications, the CISO and other key management personnel work to monitor, prevent, detect, mitigate and remediate cybersecurity threats and incidents.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Principles of Consolidation
Principles of Consolidation
The consolidated financial statements include the accounts of the Company and its wholly owned and majority-owned subsidiaries. In addition, the Company has joint ventures that are consolidated in accordance with consolidation accounting guidance. All intercompany accounts and transactions are eliminated.
Use of Estimates
Use of Estimates
The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”), which require the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the 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 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.
Acquisitions
Acquisitions
The Company recognizes assets acquired, liabilities assumed, contractual contingencies and contingent consideration at their fair value on the acquisition date. The operating results of the acquired companies are included in the Company’s consolidated financial statements from the date of acquisition.
Acquisition-related costs are expensed as incurred, restructuring costs are recognized as post-acquisition expense and changes in deferred tax asset valuation allowances and income tax uncertainties after the measurement period are recorded in Provision for Income Taxes. See Note 3 - Acquisitions and Divestitures for more information.
Revenue Recognition
Revenue Recognition
The Company recognizes revenue from the sale of premium-efficiency electric motors and air moving subsystems, highly engineered industrial power transmission components and subsystems, and a portfolio of discrete automation products that include controls, actuators, drives, and high-precision servo motors. The Company recognizes revenue when control of the product passes to the customer or the service is provided. Revenue is recognized at an amount that reflects the consideration expected to be received in exchange for such goods or services.
For certain contracts, the Company recognizes revenue over time in proportion to costs incurred. These contracts generally represent a single distinct performance obligation due to the highly customized and interrelated nature of the underlying product provided to our customers. The pricing of products sold is generally supported by customer purchase orders, and accounts receivable collection is reasonably assured. Estimated discounts and rebates are recorded as a reduction of gross sales in the same period revenue is recognized. Product returns and credits are estimated and recorded at the time of shipment based upon historical experience. Shipping and handling costs are recorded as revenue when billed to the customers. The costs incurred from shipping are recorded in Cost of Sales and handling costs incurred in connection with selling and distribution activities are recorded in Operating Expenses.
The Company derives a significant portion of its revenues from several original equipment manufacturing ("OEM") customers. There were no customers that accounted for more than 10% of consolidated net sales in 2025, 2024 or 2023.
Nature of Goods and Services
The Company sells products with multiple applications as well as customized products that have a single application such as those manufactured for its OEM customers. Products include, but are not limited to, automation components and sub-systems, bearings, air moving systems, clutches and brakes, conveyor technologies, couplings, premium efficiency electric motors, electronic components, gearing, industrial powertrains, linear motion components, power transmission components, switchgear, transfer switches and controls, and miniature servo motors.
Nature of Performance Obligations
The Company’s contracts with customers typically consist of purchase orders, invoices and master supply agreements. At contract inception, across all three segments, the Company assesses the goods and services promised in its sales arrangements with customers and identifies a performance obligation for each promise to transfer to the customer a good or service that is distinct. The Company’s primary performance obligations consist of product sales and customized systems/solutions.
Product:
The nature of products varies from segment to segment but across all segments, individual products are generally not integrated and represent separate performance obligations.
Customized Systems/Solutions:
The Company provides customized systems/solutions which consist of multiple products engineered and designed to specific customer specification, combined or integrated into one combined solution for a specific customer application. The goods are transferred to the customer and revenue is typically recognized over time as the performance obligations are satisfied.
When Performance Obligations are Satisfied
For performance obligations related to substantially all of the Company's product sales, the Company determines that the customer obtains control upon shipment and recognizes revenue accordingly. Once a product has shipped, the customer is able to direct the use of and obtain substantially all of the remaining benefits from the asset. The Company considers control to have transferred upon shipment because the Company has a present right to payment at that time, the customer has legal title to the asset, the Company has transferred physical possession of the asset, and the customer has significant risks and rewards of ownership of the asset.
For certain contracts, the Company transfers control and recognizes revenue over time. We generally recognize revenue over time on contracts for which we are creating an asset with no alternative use and have an enforceable right to payment for performance completed to date. The Company satisfies its performance obligations over time and uses a cost-based input method to measure progress. In applying the cost-based method of revenue recognition, the Company uses actual costs incurred to date relative to the total estimated costs for the contract in conjunction with the customer's commitment to perform in determining the amount of revenue to recognize. The Company has determined that the cost-based input method provides a faithful depiction of the transfer of goods to the customer.
Payment Terms
The arrangement with the customer states the final terms of the sale, including the description, quantity, and price of each product or service purchased. Payment terms vary by customer but typically range from due upon delivery to 120 days after delivery. For contracts recognized at a point in time, revenue recognition and billing typically occur simultaneously. The Company generally has payment terms with its customers of one year or less and has elected the practical expedient applicable to such contracts not to consider the time value of money. For contracts recognized using the cost-based input method, the Company determines the contract asset or contract liability position at each reporting period. Contract assets relate to the Company's right to consideration for work completed but not billed at the reporting date and are recorded in Prepaid Expenses and Other Current Assets on the Consolidated Balance Sheets. Contract liabilities relate to advance consideration received from customers or advance billings for which revenue has not been recognized and are recorded in Other Accrued Expenses on the Consolidated Balance Sheets. The Company recorded contract assets and liabilities of $83.5 million and $34.5 million, respectively, as of December 31, 2025. Contract assets and contract liabilities were not material as of December 31, 2024.
Returns, Refunds and Warranties
The Company’s contracts do not explicitly offer a “general” right of return to its customers (e.g. customers ordered excess products and return unused items). Warranties are classified as either assurance type or service type warranties. A warranty is considered an assurance type warranty if it provides the customer with assurance that the product will function as intended. A warranty that goes above and beyond ensuring basic functionality is considered a service type warranty. The Company generally only offers limited warranties which are considered to be assurance type warranties and are not accounted for as separate performance obligations. Customers generally receive repair or replacement on products that do not function to specification. Estimated product warranties are provided for specific product groups and the Company accrues for estimated future warranty cost in the period in which the sale is recognized. The Company estimates the accrual requirements based on historical warranty loss experience and the cost is included in Cost of Sales. See Note 12 - Contingencies for more information.
Volume Rebates
In some cases, the nature of the Company’s contract may give rise to variable consideration including volume based sales incentives. If the customer achieves specific sales targets, it is entitled to rebates. The Company estimates the projected amount of the rebates that will be achieved and recognizes the estimated costs as a reduction to Net Sales as revenue is recognized.
Practical Expedients and Exemptions

The Company typically expenses incremental direct costs of obtaining a contract, primarily sales commissions, as incurred because the amortization period is expected to be 12 months or less. Contract costs are included in Operating Expenses in the accompanying Consolidated Statements of Income (Loss).
The Company typically does not include in its transaction price any amounts collected from customers for sales taxes.
Research, Development and Engineering
Research, Development and Engineering
The Company performs research, development and engineering activities relating to new product development and the improvement of current products. The Company's research, development and engineering expenses consist primarily of costs for: (i) salaries and related personnel expenses; (ii) the design and development of new energy efficient products and enhancements; (iii) quality assurance and testing; and (iv) other related overhead. The Company's research, development and engineering efforts tend to be targeted toward developing new products that would allow it to gain additional market share, whether in new or existing segments.
Research, development and engineering costs are expensed as incurred.
Cash and Cash Equivalents
Cash and Cash Equivalents
Cash equivalents consist of highly liquid investments which are readily convertible to cash, present insignificant risk of changes in value due to interest rate fluctuations and have original or purchased maturities of three months or less.
Concentration of Credit Risk
Concentration of Credit Risk
Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash equivalents. The Company has material deposits with global financial institutions. The Company performs periodic evaluations of the relative credit standing of its financial institutions and monitors the amount of exposure.
Concentration of credit risk with respect to trade accounts receivable is limited due to the large number of customers and their dispersion across many geographic areas. The Company monitors credit risk associated with its trade receivables.
Trade Receivables
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. 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.
The Company has an accounts receivable securitization facility (the “Securitization Facility"). The Company accounts for receivables sold under the Securitization Facility as a sale of financial assets pursuant to ASC 860 “Transfers and Servicing” and derecognizes these receivables from its Consolidated Balance Sheets.
Inventories
Inventories
Inventories are stated at the lower of cost or net realizable value, using the FIFO cost method. Material, labor and factory overhead costs are included in the inventories.

The Company reviews inventories for excess and obsolete products or components. Based on an analysis of historical usage and management's evaluation of estimated future demand, market conditions and alternative uses for possible excess or obsolete parts, the Company records an excess and obsolete reserve.
Property, Plant and Equipment
Property, Plant and Equipment
Property, Plant and Equipment are stated at cost. Depreciation of plant and equipment is provided principally on a straight-line basis over the estimated useful lives (3 to 50 years) of the depreciable assets. Accelerated methods are used for income tax purposes.

Expenditures for repairs and maintenance are charged to expense when incurred. Expenditures which extend the useful lives of existing equipment are capitalized and depreciated.
Upon retirement or disposition of property and equipment, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized. Leasehold improvements are capitalized and amortized over the lesser of the life of the lease or the estimated useful life of the asset.
Goodwill And Intangible Assets
Goodwill
The Company evaluates the carrying amount of goodwill annually as of October or more frequently if events or circumstances indicate that the goodwill might be impaired. Factors that could trigger an impairment review include significant underperformance relative to historical or forecasted operating results, a significant decrease in the market value of an asset or significant negative industry or economic trends. Reporting units with recent impairments or those with goodwill resulting from recent acquisitions generally present the highest risk of impairment.

When testing goodwill for impairment, companies have the option to first assess qualitative factors to determine whether a quantitative test is necessary. In performing qualitative assessments, the Company evaluates, among other things, actual and forecasted operating results, certain market factors, including discount rates and peer company EBITDA multiples, and the passing margin of prior quantitative tests. In performing quantitative tests, the Company uses a weighting of the market
approach and the income approach (discounted cash flow method). In the market approach, the Company applies performance multiples from comparable public companies, adjusted for relative risk, profitability, and growth considerations, to each reporting unit's performance measure to estimate fair value. The key assumptions used in the discounted cash flow method used to estimate fair value include discount rates, revenue and EBITDA margin projections and terminal value rates because such assumptions are the most sensitive and susceptible to change as they require significant management judgment. Discount rates are determined using market and industry cost of capital data, including the risk-free interest rate, as well as Company-specific risk factors for each reporting unit. The discount rate utilized for each reporting unit is indicative of the return an investor would expect to receive for investing in such a business. Terminal value rate determination follows common methodology of capturing the present value of perpetual cash flow estimates beyond the last projected period assuming a constant discount rate and long-term growth rates. There is inherent uncertainty included in the assumptions used in goodwill impairment testing. A change to any of the assumptions could lead to a future impairment that could be material.

For the 2025 annual goodwill test, the Company performed a quantitative assessment for five reporting units (four in the AMC segment and one in the IPS segment) and performed a qualitative assessment for all other reporting units. For each of the five reporting units that were quantitatively tested, the fair value exceeded the carrying value and thus no goodwill impairments were recorded. For each of the reporting units qualitatively assessed, the Company concluded that it was more likely than not that the fair value exceeded the carrying value and thus a quantitative test was not necessary. In 2024 the Company performed a quantitative assessment to evaluate goodwill for two reporting units in the AMC segment and performed a qualitative assessment for all other reporting units. For each of the two reporting units that were quantitatively tested, the fair value exceeded the carrying value and thus no goodwill impairments were recorded. For each of the reporting units qualitatively assessed, the Company concluded that it was more likely than not that the fair value exceeded the carrying value and thus a quantitative test was not necessary. For the 2023 annual goodwill test, the Company performed a quantitative test for all the reporting units and no goodwill impairments were recorded.

During 2023, the prospective sale of the industrial motors and generators businesses triggered an interim goodwill impairment test. As a result, the Company recorded $57.3 million of goodwill impairment charges for its global industrial motors reporting unit. See Note 3 - Acquisitions and Divestitures for further information. In 2023, the transaction price for the proposed sale of the industrial motors and generators businesses was used as a key input into testing each of the reporting units.
See Note 4 - Goodwill and Intangible Assets for more information.
Intangible Assets
Intangible assets with finite lives are amortized over their estimated useful lives using the straight line method. The Company evaluates amortizing intangibles whenever events or circumstances have occurred that indicate carrying values may not be recoverable. If an indicator is present, the Company uses an estimate of the related undiscounted cash flows over the remaining life of the primary asset to estimate recoverability of the asset group. If such estimated future cash flows are less than carrying value, an impairment would be recognized. There was no impairment of intangible assets during 2025, 2024 or 2023.
Long-Lived Assets Impairment
Long-Lived Assets Impairment
The Company evaluates the recoverability of the carrying amount of property, plant and equipment assets (collectively, "long-lived assets") whenever events or changes in circumstance indicate that the carrying amount of an asset may not be fully recoverable through future cash flows. Factors that could trigger an impairment review include a significant decrease in the market value of an asset or significant negative economic trends. For long-lived assets, the Company uses an estimate of the related undiscounted cash flows over the remaining life of the primary asset to estimate recoverability of the asset group. If the asset is not recoverable, the asset is written down to fair value. In 2025, the Company did not have asset impairments. In 2024 and 2023, the Company recorded asset impairments of $4.0 million and $7.8 million, respectively, which were related to assets held for sale. In 2025, 2024, and 2023, the Company recorded a loss on sale of businesses of $4.5 million, $8.5 million and $87.7 million, respectively, which were primarily related to the sale of immaterial operations in 2025 and the sale of the industrial motors and generators businesses in 2024 and 2023.
Earnings (Loss) Per Share
Earnings (Loss) Per Share
Diluted earnings per share is computed 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 dilutive securities. Share based compensation awards for common shares where the exercise price was above the market price have been excluded from the calculation of the effect of dilutive securities shown below;
Defined Benefit Pension Plans
Defined Benefit Pension Plans
The majority of the defined benefit pension plans covering the Company's domestic associates have been closed to new associates and frozen for existing associates. Most of the Company's foreign associates are covered by government sponsored plans in the countries in which they are employed. The Company's obligations under its defined benefit pension plans are determined with the assistance of actuarial firms. The actuaries, under management's direction, make certain assumptions regarding such factors as withdrawal rates and mortality rates. The actuaries also provide information and recommendations from which management makes further assumptions on such factors as the long-term expected rate of return on plan assets, the discount rate on benefit obligations and where applicable the rate of annual compensation increases.

Based upon the assumptions made, the investments made by the plans, overall conditions and movement in financial markets, life-spans of benefit recipients and other factors, annual expenses and recorded assets or liabilities of these defined benefit pension plans may change significantly from year to year.

The service cost component of the Company's net periodic benefit cost is included in Cost of Sales and Operating Expenses. All other components of net periodic benefit costs are included in Other (Income) Expenses, net on the Company's Consolidated Statements of Income (Loss). See Note 8 – Retirement Plans for more information.
Derivative Financial Instruments
Derivative Financial Instruments
Derivative instruments are recorded on the Consolidated Balance Sheets at fair value. Any fair value changes are recorded in Net Income (Loss) or Accumulated Other Comprehensive Income (Loss) ("AOCI") as determined under accounting guidance that establishes criteria for designation and effectiveness of the hedging relationships. Cash inflows and outflows related to derivative instruments are included as a component of Operating, Investing, or Financing Cash Flows within the Consolidated Statements of Cash Flows.

The Company uses derivative instruments to manage its exposure to fluctuations in certain raw material commodity pricing, fluctuations in the cost of forecasted foreign currency transactions, and variability in interest rate exposure on floating rate borrowings. The majority of derivative instruments have been designated as cash flow hedges. See Note 13 – Derivative Financial Instruments for more information.
Income Taxes
Income Taxes
The Company accounts for income taxes in accordance with Accounting Standards Codification ("ASC") 740, Accounting for Income Taxes (“ASC 740”). Deferred tax assets and liabilities arise from temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and consideration of operating loss and tax credit carryforwards. Deferred income taxes are measured using enacted tax rates in effect for the year in which the temporary differences are expected to be recovered or settled. The impact on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. Valuation allowances are provided to reduce deferred tax assets to the amount that will more likely than not be realized. This requires management to make judgments and estimates regarding the amount and timing of the reversal of taxable temporary differences, expected future taxable income, and the impact of tax planning strategies.

Uncertainty exists regarding tax positions taken in previously filed tax returns which remain subject to examination, along with positions expected to be taken in future returns. The Company provides for unrecognized tax benefits, based on the technical merits, when it is more likely than not that an uncertain tax position will not be sustained upon examination. Adjustments are made to the uncertain tax positions when facts and circumstances change, such as the closing of a tax audit; changes in applicable tax laws, including tax case rulings and legislative guidance; or expiration of the applicable statute of limitations. The Company recognizes interest and penalties related to unrecognized tax benefits in Provision for Income Taxes in the Consolidated Statements of Income (Loss). See Note 11 – Income Taxes for more information.
Foreign Currency Translation
Foreign Currency Translation
For those operations using a functional currency other than the US Dollar, assets and liabilities are translated into US Dollars at year-end exchange rates, and revenues and expenses are translated at monthly average rates. The resulting translation adjustments are recorded as a separate component of Shareholders' Equity. Foreign currency remeasurement gains and losses are included in Operating Expenses in the Consolidated Statements of Income (Loss).
Product Warranty Reserves
Product Warranty Reserves
The Company maintains reserves for product warranty to cover the stated warranty periods for its products. Such reserves are established based on an evaluation of historical warranty experience and specific significant warranty matters when they become known and can reasonably be estimated. See Note 12 – Contingencies for more information.
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Foreign currency translation adjustments, unrealized gains and losses on derivative instruments designated as hedges and pension and post retirement liability adjustments are included in Shareholders' Equity under AOCI.
Legal Claims and Contingent Liabilities
Legal Claims and Contingent Liabilities
The Company is subject to various legal proceedings, claims and regulatory matters, the outcomes of which are subject to significant uncertainty and 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. The Company records expenses and liabilities when the Company believes that an obligation of the Company or a subsidiary on a specific matter is probable and there is a basis to reasonably estimate the value of the obligation. Such assessments inherently involve an exercise in judgment. This methodology is used for legal claims that are filed against the Company or a subsidiary from time to time. The uncertainty that is associated with such matters frequently requires adjustments to the liabilities previously recorded. See Note 12 – Contingencies for more information.
Fair Values of Financial Instruments
Fair Values of Financial Instruments
The fair values of cash equivalents, term deposits, trade receivables and accounts payable approximate their carrying values due to the short period of time to maturity. The fair value of fixed rate debt is estimated using discounted cash flows based on rates for instruments with comparable maturities and credit ratings as further described in Note 7 – Debt and Bank Credit Facilities. The fair value of pension assets and derivative instruments is determined based on the methods disclosed in Note 8 - Retirement Plans and Note 13 – Derivative Financial Instruments.
Supplier Finance Program
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.
New Accounting Standards
New Accounting Standards

New Accounting Standards Adopted
In December 2023, FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU requires consistent categories and greater disaggregation of information in the rate reconciliation, income taxes paid disaggregated by jurisdiction and certain other amendments. The new guidance became effective for annual periods beginning
after December 15, 2024. The Company adopted this new accounting guidance on a prospective basis for the year ended December 31, 2025. Refer to Note 11 - Income Taxes.

Recently Issued Accounting Standards
In November 2024, the FASB issued ASU 2024-03, Income Statement (Subtopic 220-40): Disaggregation of Income Statement Expenses. The ASU requires additional information about certain expenses in the notes to financial statements. The new guidance will be effective for annual periods beginning after December 15, 2026. The Company is evaluating the effect of adopting this new accounting guidance.
v3.25.4
Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents the Company’s revenues disaggregated by geographical region for the years ended December 31, 2025, December 31, 2024 and December 31, 2023, respectively:
December 31, 2025Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
North America$1,127.4 $1,736.9 $1,295.8 $4,160.1 
Asia109.4 165.6 167.7 442.7 
Europe372.6 495.8 134.6 1,003.0 
Rest-of-World80.4 195.8 52.5 328.7 
Total$1,689.8 $2,594.1 $1,650.6 $5,934.5 
December 31, 2024Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsTotal
North America$1,088.8 $1,734.9 $1,276.5 $79.4 $4,179.6 
Asia91.5 172.7 167.7 44.3 476.2 
Europe372.7 482.0 133.9 17.6 1,006.2 
Rest-of-World80.8 208.5 66.0 16.5 371.8 
Total$1,633.8 $2,598.1 $1,644.1 $157.8 $6,033.8 
December 31, 2023Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsTotal
North America$1,006.3 $1,636.1 $1,419.2 $274.6 $4,336.2 
Asia76.1 168.9 178.7 146.6 570.3 
Europe342.6 420.5 149.7 55.8 968.6 
Rest-of-World91.8 178.0 61.3 44.5 375.6 
Total$1,516.8 $2,403.5 $1,808.9 $521.5 $6,250.7 
Schedule of Research and Development Costs are Expense The costs are primarily recorded in Operating Expenses and were as follows for the years noted in the table below:
December 31, 2025December 31, 2024December 31, 2023
Research, Development and Engineering Costs$198.7 $176.4 $171.0 
Schedule of Percentage Distribution Between Major Classes of Inventory
The following table presents approximate percentage distribution between major classes of inventories:
December 31, 2025December 31, 2024
Raw Material and Work in Process63.4%67.8%
Finished Goods and Purchased Parts36.6%32.2%
Schedule of Property, Plant and Equipment
Property, plant and equipment by major classification was as follows:
Useful Life (In Years)December 31, 2025December 31, 2024
Land and Improvements$130.6 $134.5 
Buildings and Improvements
3-50
434.8 387.2 
Machinery, Equipment and Other
3-15
1,314.8 1,189.8 
  Property, Plant and Equipment1,880.2 1,711.5 
Less: Accumulated Depreciation(968.4)(790.5)
  Net Property, Plant and Equipment$911.8 $921.0 
Schedule of Earnings (Loss) Per Share The following table reconciles the basic and diluted shares used in earnings (loss) per share calculations for the years ended:
202520242023
Denominator for Basic Earnings Per Share66.3 66.4 66.3 
Effect of Dilutive Securities(1)
0.3 0.3 — 
Denominator for Diluted Earnings Per Share66.6 66.7 66.3 
(1) 2023 excludes 0.4 million of share based compensation awards as the Company had a net loss during the year.
Schedule of Accumulated Other Comprehensive Income (Loss) The following table presents changes in AOCI by component:
Year Ended
December 31, 2025Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$(5.5)$(21.5)$(415.7)$(442.7)
Other Comprehensive Income (Loss) before Reclassifications28.9 1.3 344.9 375.1 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)(0.2)(0.7)— (0.9)
Tax Impact(6.9)— — (6.9)
Net Current Period Other Comprehensive Income
21.8 0.6 344.9 367.3 
Ending Balance16.3(20.9)(70.8)(75.4)
December 30, 2024Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$28.8 $(25.0)$(286.2)$(282.4)
Other Comprehensive Income (Loss) before Reclassifications(18.6)4.9 (250.8)(264.5)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)(26.6)(0.3)121.3 94.4 
Tax Impact10.9 (1.1)— 9.8 
Net Current Period Other Comprehensive Income (Loss)(34.3)3.5 (129.5)(160.3)
Ending Balance(5.5)(21.5)(415.7)(442.7)
December 30, 2023Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$17.3 $(13.3)$(356.1)$(352.1)
Other Comprehensive Income (Loss) before Reclassifications28.2 (13.7)69.9 84.4 
Amounts Reclassified from Accumulated Other Comprehensive Loss
(13.0)(1.7)— (14.7)
Tax Impact(3.7)3.7 — — 
Net Current Period Other Comprehensive Income (Loss)11.5 (11.7)69.9 69.7 
Ending Balance28.8 (25.0)(286.2)(282.4)
Schedule of Supplier Finance Program The following information presents changes to the Company's outstanding obligations under the supplier finance program, which are classified within Accounts Payable, during the year ended December 31, 2025:
Balance as of December 31, 2024$41.0 
Plus: Obligations Added173.0 
Less: Obligations Settled172.0 
Balance as of December 31, 2025$42.0 
v3.25.4
Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Asset and Liabilities Businesses Held for Sale
The following table summarizes the fair value of the sale proceeds received in connection with the divestiture:
April 30, 2024
Purchase price$400.0 
Cash transferred to buyer64.5 
Estimated working capital and other adjustments(20.5)
Total purchase price444.0 
Direct costs to sell(7.3)
Fair value of sale consideration, net(1)
$436.7 
(1) The fair value of sale consideration, net includes an immaterial post-close adjustment to the purchase price for which cash was received in January 2025.

The following table summarizes the carrying value of the disposal group and resulting loss on sale:
April 30, 2024
Net assets sold$420.2 
Noncontrolling Interest(9.2)
Accumulated Other Comprehensive Income121.3 
Payables to seller(0.2)
Carrying value of disposal group$532.1 
Loss on Sale of Businesses$(95.4)
Schedule of Business Acquisitions
The total purchase price to acquire Altra was $5.1 billion, which consisted of the following:

Cash paid for outstanding Altra Common Stock(1)
$4,051.0 
Stock based compensation(2)
23.1 
Payment of Altra debt(3)
1,061.0 
Pre-existing relationships(4)
(0.5)
Purchase price$5,134.6 

(1) Cash paid for the common stock component of the 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.
(2) 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 of which $17.3 million was paid in cash during the second quarter of 2023.
(3) Cash paid by the Company to settle (a) the term loan facility, (b) the 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 6 - Debt and Bank Credit Facilities for more information.
(4) 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 fair value of the assets acquired and liabilities assumed were as follows:
As of March 31, 2024
Cash and Cash Equivalents$259.1 
Trade Receivables256.6 
Inventories387.0 
Prepaid Expenses and Other Current Assets32.4 
Property, Plant and Equipment402.5 
Intangible Assets(2)
2,142.0 
Deferred Income Tax Benefits0.8 
Operating Lease Assets46.8 
Other Noncurrent Assets12.7 
Accounts Payable(183.3)
Accrued Compensation and Benefits(66.0)
Other Accrued Expenses(1)
(145.3)
Current Operating Lease Liabilities(12.3)
Current Maturities of Long-Term Debt(0.4)
Long-Term Debt(25.3)
Deferred Income Taxes(525.1)
Pension and Other Post Retirement Benefits(19.8)
Noncurrent Operating Lease Liabilities(29.0)
Other Noncurrent Liabilities(8.3)
Total Identifiable Net Assets2,525.1 
Goodwill2,609.5 
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.
(2) Includes $1,710.0 million related to Customer Relationships, $330.0 million related to Trademarks and $102.0 million related to Technology.
Schedule of Fair Value and Weighted Average Useful Life of Identifiable Intangible Assets
The fair value and weighted average useful life of the identifiable intangible assets are as follows:
Fair ValueWeighted Average Useful Life (Years)
Customer Relationships(1)
$1,710.0 14.0
Trademarks(2)
330.0 10.0
Technology(3)
102.0 13.0
Total Identifiable Intangible Assets$2,142.0 

(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
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 Year Ended December 31, 2023
Net Sales$6,701.8 
Net Income Attributable to Regal Rexnord Corporation$50.1 
Earnings Per Share Attributable to Regal Rexnord Corporation:
   Basic$0.76 
   Assuming Dilution$0.75 
v3.25.4
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes to Goodwill
The following information presents changes to goodwill during the periods indicated:
Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
Balance as of December 31, 2023$2,052.2 $3,747.0 $753.9 $6,553.1 
Acquisitions0.7 (5.8)— (5.1)
Translation and Other(40.4)(44.0)(4.7)(89.1)
Balance as of December 31, 2024$2,012.5 $3,697.2 $749.2 $6,458.9 
Translation and Other66.2 78.2 8.0 152.4 
Balance as of December 31, 2025$2,078.7 $3,775.4 $757.2 $6,611.3 
Cumulative Goodwill Impairment Charges$5.1 $18.1 $200.4 $223.6 
Schedule of Finite-Lived Intangible Assets
Intangible assets consist of the following:
December 31, 2025December 31, 2024
Weighted Average Amortization Period (Years)Gross AmountAccumulated AmortizationNet Carrying AmountGross AmountAccumulated AmortizationNet Carrying Amount
Customer Relationships15$3,993.6 $1,188.7 $2,804.9 $3,892.8 $915.1 $2,977.7 
Technology13300.2 131.5 168.7 293.0 109.0 184.0 
Trademarks10719.1 274.3 444.8 692.3 189.4 502.9 
Total Intangibles$5,012.9 $1,594.5 $3,418.4 $4,878.1 $1,213.5 $3,664.6 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table presents estimated future amortization expense:
YearEstimated Amortization
2026$342.2 
2027342.2 
2028336.6 
2029329.5 
2030327.4 
v3.25.4
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule Of Reportable Segments
The following sets forth certain financial information attributable to the Company's operating segments for the year ended December 31, 2025, December 31, 2024 and December 31, 2023, respectively:

Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsEliminationsTotal
December 31, 2025
Total Sales$1,702.1 $2,608.4 $1,652.0 $— $(28.0)$5,934.5 
Intersegment Sales12.3 14.3 1.4 — (28.0)— 
Net Sales(1)
1,689.8 2,594.1 1,650.6 — — 5,934.5 
Adjusted Cost of Sales(2)
1,075.7 1,503.5 1,163.6 — 3,742.8 
Adjusted Engineering, Selling and Administration Expenses(3)
365.5 521.1 265.3 — 1,151.9 
Other Segment Items(4)
114.7 232.0 12.3 — 359.0 
Income from Operations133.9 337.5 209.4 — — 680.8 
Interest Expense349.2 
Interest Income(23.7)
Other Expense, Net2.8 
Income before Taxes352.5 
Other Supplemental Disclosures
Amortization137.6 202.7 5.8 — — 346.1 
Depreciation48.8 69.7 36.0 — 154.5 
Other significant noncash items:
Asset Impairment— — — — — — 
Loss on Sale of Businesses— 4.5 — — — 4.5 
Capital Expenditures33.6 45.1 19.0 — — 97.7 
Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsEliminationsTotal
December 31, 2024
Total Sales$1,652.8 $2,614.1 $1,656.5 $158.3 $(47.9)$6,033.8 
Intersegment Sales19.0 16.0 12.4 0.5 (47.9)— 
Net Sales(1)
1,633.8 2,598.1 1,644.1 157.8 — 6,033.8 
Adjusted Cost of Sales(2)
1,024.5 1,541.5 1,171.4 118.4 3,855.8 
Adjusted Engineering, Selling and Administration Expenses(3)
342.9 483.1 273.2 29.0 1,128.2 
Other Segment Items(4)
122.0 250.8 36.9 10.1 419.8 
Income from Operations
144.4322.7162.60.3 — 630.0
Interest Expense399.7 
Interest Income(18.8)
Other Expense, Net
1.1 
Income before Taxes
248.0 
Other Supplemental Disclosures
Amortization137.1 201.5 7.7 0.2 — 346.5 
Depreciation47.2 80.7 37.0 0.4 165.3 
Other significant noncash items:
     Asset Impairments1.8 1.1 1.1 — — 4.0 
     Loss on Sale of Businesses1.1 1.7 1.4 4.3 — 8.5 
Capital Expenditures29.9 50.3 25.0 4.3 — 109.5 
Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsEliminationsTotal
December 31, 2023
Total Sales$1,537.7 $2,418.4 $1,826.6 $524.1 $(56.1)$6,250.7 
Intersegment Sales20.9 14.9 17.7 2.6 (56.1)— 
Net Sales(1)
1,516.8 2,403.5 1,808.9 521.5 — 6,250.7 
Adjusted Cost of Sales(2)
950.7 1,516.9 1,293.4 414.1 — 4,175.1 
Adjusted Engineering, Selling and Administration Expenses(3)
291.1 433.2 279.5 84.8 — 1,088.6 
Other Segment Items(4)
136.0 301.6 18.6 153.7 — 609.9 
Income (Loss) from Operations139.0151.8217.4(131.1)— 377.1
Interest Expense431.0 
Interest Income(43.6)
Other Income, Net(8.7)
Loss before Taxes(1.6)
Other Supplemental Disclosures
Amortization117.2 181.4 8.3 0.9 — 307.8 
Depreciation41.0 91.8 43.0 9.2 — 185.0 
Other significant noncash items:
     Goodwill Impairment— — — 57.3 — 57.3 
     Asset Impairments3.4 2.5 1.5 0.4 — 7.8 
     Loss on Sale of Businesses— — — 87.7 — 87.7 
Capital Expenditures34.6 41.3 35.0 8.2 — 119.1 
    
(1) Represents revenues from external customers.
(2) Adjusted Cost of Sales includes costs associated with producing goods for sale, such as materials, labor and overhead costs, and intercompany cost of sales. Adjusted Cost of Sales differs from Cost of Sales reported under US GAAP primarily because it includes intercompany cost of sales and excludes certain costs, primarily restructuring and related expenses. The difference is included in Other Segment Items.
(3) Adjusted Engineering, Selling and Administration Expenses includes operating expenses such as engineering, selling and administration expenses, as well as hedging, foreign currency gains and losses and certain overhead expenses. Adjusted Engineering, Selling and Administration Expenses differs from Operating Expenses reported under US GAAP primarily because it excludes costs such as significant noncash items, restructuring and related costs, and transaction and integration related costs. The difference is included in Other Segment Items.
(4) Other Segment Items includes other significant noncash items, intangible amortization, as well as restructuring and related costs, transaction and integration related costs, certain overhead expenses and the elimination of intercompany cost of sales.

The following table presents total identifiable assets attributable to the Company's operating segments as of December 31, 2025 and December 31, 2024:
Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsTotal
Identifiable Assets as of December 31, 2025$4,598.6 $7,389.1 $1,933.3 $13,921.0 
Identifiable Assets as of December 31, 20244,642.4 7,528.8 1,862.5 14,033.7 
Schedule of Financial Information Attributable To Geographic Regions
The following sets forth net sales by country in which the Company operates for 2025, 2024 and 2023, respectively:
Net Sales
202520242023
US$3,727.0 $3,644.0 $3,840.4 
China313.8 323.1 403.6 
Rest of the World1,893.7 2,066.7 2,006.7 
Total$5,934.5 $6,033.8 $6,250.7 
The following sets forth net property, plant and equipment by country in which the Company operates for 2025 and 2024, respectively:
Net Property, Plant and Equipment
20252024
US$386.7 $411.9 
Mexico167.3 154.2 
Germany100.2 92.7 
China51.0 50.9 
Rest of the World206.6 211.3 
Total$911.8 $921.0 
v3.25.4
Debt and Bank Credit Facilities (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Indebtedness
The Company's indebtedness as of December 31, 2025 and December 31, 2024 was as follows:
December 31, 2025December 31, 2024
Senior Notes$4,700.0 $4,700.0 
Term Facility— 665.0 
Multicurrency Revolving Facility— 40.0 
Altra Notes18.1 18.1 
Finance Leases93.8 70.1 
Other7.2 6.6 
Less: Debt Issuance Costs(30.4)(42.1)
Total4,788.7 5,457.7 
Less: Current Maturities24.1 5.0 
Non-Current Portion$4,764.6 $5,452.7 
Weighted average interest rates on the Term Facility, Multicurrency Revolving Facility and the 2025 Revolving Facility are as follows:
Year Ended
December 31, 2025December 31, 2024
Term Facility6.2 %7.0 %
Multicurrency Revolving Facility6.1 %7.0 %
2025 Revolving Facility
5.2 %0.0 %
Schedule of Maturities of Long-Term Debt
Maturities of long-term debt outstanding as of December 31, 2025, excluding debt issuance costs, are as follows:
YearAmount of Maturity
2026$1,124.1 
20275.1 
20281,261.3 
20293.8 
20301,103.9 
Thereafter1,320.9 
Total$4,819.1 
v3.25.4
Retirement Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Pension Assets Investment
The Company's target allocation, target return and actual weighted-average asset allocation by asset category are as follows:

TargetActual Allocation
AllocationReturn20252024
Equity Investments20.3%
5.3 - 7.0%
15.2%15.6%
Fixed Income65.5%
3.8 - 7.8%
67.4%70.3%
Other14.2%
2.8% - 7.8%
17.4%14.1%
Total100.0%5.8%100.0%100.0%
Schedule of Reconciliation of Funded Status of The Defined Benefit Plans
The following table presents a reconciliation of the funded status of the defined benefit pension plans:
20252024
Change in Projected Benefit Obligation:
Obligation at Beginning of Period$450.0 $483.1 
Service Cost3.1 2.0 
Interest Cost22.5 21.3 
Actuarial (Gain) Loss0.9 (25.8)
Benefits Paid(35.2)(34.3)
Settlements(0.3)(0.7)
Curtailments(0.4)— 
Transfers0.2 — 
Foreign Currency Translation12.1 (8.3)
Other Events— 13.8 
Divestitures— (1.1)
Obligation at End of Period$452.9 $450.0 
Change in Fair Value of Plan Assets:
Fair Value of Plan Assets at Beginning of Period$345.1 $367.7 
Actual Return on Plan Assets21.7 (1.9)
Employer Contributions15.5 16.6 
Benefits Paid(35.2)(34.3)
Settlements(0.3)(0.7)
Foreign Currency Translation5.0 (3.3)
Other Events— 2.1 
Divestitures— (1.1)
Fair Value of Plan Assets at End of Period$351.8 $345.1 
Funded Status$(101.1)$(104.9)
Schedule of Amounts Recognized in Balance Sheet of Defined Benefit Plans
The Company recognized the funded status of its defined benefit pension plans on the Consolidated Balance Sheets as follows:
20252024
Other Noncurrent Assets$6.1 $5.3 
Accrued Compensation and Benefits(8.1)(7.6)
Pension and Other Post Retirement Benefits (a)
(99.1)(102.6)
Total$(101.1)$(104.9)
(a) Excludes post-retirement health care plans included on the Consolidated Balance Sheets
Amounts Recognized in Accumulated Other Comprehensive Loss
Net Actuarial Loss$32.4 $32.0 
Prior Service Cost0.2 0.3 
Total$32.6 $32.3 
Schedule of Accumulated Benefit Obligations in Excess of Plan Assets
Defined pension plans with accumulated and projected benefit obligations in excess of plan assets as of December 31, 2025 and December 31, 2024 were as follows:

20252024
Projected Benefit Obligation$417.7 $415.1 
Accumulated Benefit Obligation410.4 408.5 
Fair Value of Plan Assets310.5 304.9 
Schedule of Weighted-Average Assumptions Used to Determine Projected Benefit Obligation
The following weighted average assumptions were used to determine the projected benefit obligation as of December 31, 2025 and December 31, 2024, respectively:
20252024
Discount Rate5.2%5.4%
Schedule of Net Periodic Pension Benefit Costs (Income) for The Defined Benefit Plans
Net periodic pension benefit cost (income) and net actuarial gain and prior service cost recognized in OCI for the defined benefit pension plans were as follows:
202520242023
Service Cost$3.1 $2.0 $2.1 
Interest Cost22.5 21.3 22.8 
Expected Return on Plan Assets(18.6)(20.0)(27.1)
Amortization of Net Actuarial Gain(0.7)(0.2)(1.8)
Amortization of Prior Service Cost0.1 0.1 0.1 
Curtailment (Benefit) Expense(0.3)— 0.2 
Net Periodic Benefit Cost$6.1 $3.2 $(3.7)
Change in Obligations Recognized in OCI, Net of Tax
    Prior Service Cost$0.4 $0.1 $0.1 
    Net Actuarial Gain(0.1)(3.7)(14.4)
Total Recognized in OCI$0.3 $(3.6)$(14.3)
Schedule of Assumptions Used to Determine Net Periodic Pension Cost
The following weighted average assumptions were used to determine net periodic pension cost for 2025, 2024 and 2023, respectively.
202520242023
Discount Rate5.4%4.7%5.2%
Expected Long-Term Rate of Return on Assets5.4%5.1%6.6%
Schedule of Fair Value of Plan Assets
Pension assets by type and level are as follows:
December 31, 2025
TotalLevel 1Level 3
Cash and Cash Equivalents$4.4 $4.4 $— 
Mutual Funds:
International Equity Funds6.4 6.4 — 
Fixed Income Funds10.8 10.8 — 
Other6.3 1.1 5.2 
Insurance Contracts21.8 — 21.8 
$49.7 $22.7 $27.0 
Investments Measured at Net Asset Value302.1 
Total$351.8 
December 31, 2024
TotalLevel 1Level 3
Cash and Cash Equivalents$4.3 $4.3 $— 
Mutual Funds:
International Equity Funds6.0 6.0 — 
Fixed Income Funds10.2 10.2 — 
Other5.1 1.0 4.1 
Insurance Contracts21.1 — 21.1 
$46.7 $21.5 $25.2 
Investments Measured at Net Asset Value298.4 
Total$345.1 
The following table sets forth additional disclosures for the fair value measurement of the fair value of pension plan assets that calculate fair value based on NAV per share practical expedient as of December 31, 2025 and December 31, 2024:
20252024
Common Collective Trust Funds$302.1 $298.4 
Schedule of Level Three Defined Benefit Plan Assets
The table below sets forth a summary of changes in the Company's Level 3 assets in its pension plan investments as of December 31, 2025 and December 31, 2024:
20252024
OtherInsurance ContractsTotalOtherInsurance ContractsTotal
Beginning balance$4.1 $21.1 $25.2 $4.3 $23.7 $28.0 
Acquisition— — — — — — 
Net Sales— (0.3)(0.3)— (0.3)(0.3)
Net Gains (Losses)0.5 (1.7)(1.2)0.1 (0.8)(0.7)
Translation0.6 2.7 3.3 (0.3)(1.5)(1.8)
Ending balance$5.2 $21.8 $27.0 $4.1 $21.1 $25.2 
Schedule of Pension Benefit Payments Expected Future Service
The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
YearExpected Payments
2026$40.1 
202737.3 
202837.5 
202937.1 
203036.9 
2031-2035176.7 
v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Lease Costs The components of lease expense were as follows:
202520242023
Operating Lease Cost$54.4 $55.1 $56.1 
Finance Lease Cost:
   Amortization of ROU Assets4.8 3.6 3.2 
   Interest on Lease Liabilities5.0 3.6 3.7 
Total Lease Expense$64.2 $62.3 $63.0 
Other information related to leases was as follows:
Supplemental Cash Flow Information:202520242023
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating Cash Flows - Operating Leases$51.7 $51.4 $56.2 
Operating Cash Flows - Finance Leases5.0 3.6 3.7 
Financing Cash Flows - Finance Leases4.4 3.9 3.3 
Leased Assets Obtained in Exchange for New Finance Lease Liabilities26.8 3.9 0.6 
Leased Assets Obtained in Exchange for New Operating Lease Liabilities35.1 22.8 115.7 
Weighted Average Remaining Lease Term (Years)
Operating Leases7.5 years7.3 years7.2 years
Finance Leases19.2 years14.8 years16.1 years
Weighted Average Discount Rate
Operating Leases7.9 %8.1 %8.1 %
Finance Leases8.9 %5.2 %5.2 %
Schedule of Finance Lease Maturities
Maturity of lease liabilities as of December 31, 2025 were as follows:
Operating LeasesFinance LeasesTotal
2026$47.6 $11.3 $58.9 
202737.8 11.5 49.3 
202826.0 10.5 36.5 
202917.2 9.8 27.0 
203014.4 9.3 23.7 
Thereafter79.5 181.1 260.6 
Total Lease Payments$222.5 $233.5 $456 
Less: Interest(70.0)(139.7)(209.7)
Present Value of Lease Liabilities$152.5 $93.8 $246.3 
Schedule of Operating Lease Maturities
Maturity of lease liabilities as of December 31, 2025 were as follows:
Operating LeasesFinance LeasesTotal
2026$47.6 $11.3 $58.9 
202737.8 11.5 49.3 
202826.0 10.5 36.5 
202917.2 9.8 27.0 
203014.4 9.3 23.7 
Thereafter79.5 181.1 260.6 
Total Lease Payments$222.5 $233.5 $456 
Less: Interest(70.0)(139.7)(209.7)
Present Value of Lease Liabilities$152.5 $93.8 $246.3 
v3.25.4
Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of share-based compensation activity
The table below presents share-based compensation activity for 2025, 2024 and 2023:
202520242023
Total Intrinsic Value of Share-Based Incentive Awards Exercised$7.2 $22.0 $6.2 
Cash Received from Stock Option Exercises2.0 4.9 2.5 
Income Tax Benefit from the Exercise of Stock Options5.8 21.2 5.3 
Total Fair Value of Share-Based Incentive Awards Vested8.3 13.4 10.9 
Schedule of Assumptions used in Valuation for Options, SAR's, and Performance Share Units The weighted average assumptions used in the Company's Black-Scholes valuation related to grants for options and SARs in 2024 and 2023 were as follows:
20242023
Per Share Weighted Average Fair Value of Grants$62.85$54.20
Risk-Free Interest Rate4.3%4.1%
Expected Life (Years)5.05.0
Expected Volatility38.0%35.8%
Expected Dividend Yield0.8%0.9%
The assumptions used in the Company's Monte Carlo simulation related to grants for PSUs were as follows:
December 31, 2025December 31, 2024December 31, 2023
Risk-free interest rate4.2%4.5%4.4%
Expected life (years)3.03.03.0
Expected volatility38.0%36.0%41.0%
Expected dividend yield—%—%—%
Schedule of Share-based Incentive Plan Grant Activity (Options and SAR's)
Following is a summary of share-based incentive plan activity (options and SARs) for 2025:
Number of Shares Under Options and SARsSharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Term (years)Aggregate Intrinsic Value (in millions)
Outstanding as of December 31, 2024628,494$116.90 
Exercised(110,758)77.15 
Forfeited(12,288)162.14 
Outstanding as of December 31, 2025505,448$124.58 5.1$12.4 
Exercisable as of December 31, 2025418,480$116.77 4.8$12.3 
Schedule of RSA Award Activity
Following is the summary of RSAs activity for 2025:
SharesWeighted Average Fair Value at Grant DateWeighted Average Remaining Contractual Term (years)
Unvested RSAs as of December 31, 20241,991$136.77 1.9
Vested(934)136.77 
Unvested RSAs as of December 31, 20251,057$136.77 1.4
Schedule of RSU Award Activity
Following is the summary of RSUs activity for 2025:
SharesWeighted Average Fair Value at Grant DateWeighted Average Remaining Contractual Term (years)
Unvested RSUs as of December 31, 2024242,173$154.79 1.8
Granted
216,773133.95 
Vested(108,542)153.18 
Forfeited(44,253)143.54 
Unvested RSUs as of December 31, 2025306,151$142.41 1.7
Schedule of PSU Award Activity
Following is the summary of PSUs activity for 2025:
SharesWeighted Average Fair Value at Grant DateWeighted Average Remaining Contractual Term (years)
Unvested PSUs as of December 31, 2024142,086$229.60 1.8
Granted108,770139.54 
Vested(33,691)150.85 
Forfeited(18,434)182.24 
Unvested PSUs as of December 31, 2025198,731$194.65 1.3
v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income (Loss) Before Taxes and Noncontrolling Interest
Income (loss) before taxes consisted of the following:
For the Year Ended
December 31, 2025
December 31, 2024
December 31, 2023
US$(72.5)$(169.2)$(389.5)
Foreign425.0 417.2 387.9 
Total$352.5 $248.0 $(1.6)
Schedule of Provision for Income Taxes
The provision for income taxes is summarized as follows:
For the Year Ended
December 31, 2025
December 31, 2024
December 31, 2023
Current
US Federal $34.5 $45.9 $39.6 
US State7.5 10.0 6.4 
 Foreign126.9 146.0 122.0 
$168.9 $201.9 $168.0 
Deferred
US Federal $(56.0)$(89.6)$(84.3)
US State(7.2)(15.3)(9.4)
 Foreign(34.0)(47.4)(21.6)
$(97.2)$(152.3)$(115.3)
Total
US Federal$(21.5)$(43.7)$(44.7)
US State0.3 (5.3)(3.0)
Foreign92.9 98.6 100.4 
Total$71.7 $49.6 $52.7 
Schedule of Federal Statutory Expense (Benefit) and the Income Tax Expense
A reconciliation of the federal statutory expense (benefit) and the income tax expense reflected in the Consolidated Statements of Income (Loss) follows:

For the Year Ended
December 31, 2025
AmountPercent
US federal statutory income tax rate$74.0 21.0 %
Domestic federal
Tax credits (14.3)(4.1)%
Cross-border tax laws
Foreign Inclusions14.6 4.1 %
Other(9.3)(2.6)%
Other 0.9 0.3 %
Foreign tax effects5.0 1.4 %
Other0.8 0.2 %
Total$71.7 20.3 %

The Company has not presented separately in the table above the income tax expense or benefit associated with domestic federal nontaxable or nondeductible items, state taxes, changes in unrecognized tax benefits, and changes in valuation allowance as they are not material.
For the Year Ended
December 31, 2024
December 31, 2023
Federal Statutory Expense (Benefit)$52.1 $(0.4)
State Income Taxes, Net of Federal Benefit(3.2)(8.6)
Effect of Impairments and Divestitures21.2 35.0 
Foreign Rate Differential(8.3)(10.8)
Research and Development Credit(8.7)(8.7)
Valuation Allowance(6.6)4.3 
Tax on Repatriation5.3 25.8 
Transaction Costs— 6.9 
US Tax on Foreign Operations(6.6)14.2 
Deferred Tax Remeasurement(1.1)3.4 
Other5.5 (8.4)
Income Tax Expense$49.6 $52.7 
Schedule of Components Of Net Deferred Tax Asset (Liability)
The components of this net deferred tax liability are as follows:
December 31, 2025December 31, 2024
Accrued Benefits$59.9 $53.1 
Bad Debt Allowances5.3 7.4 
Warranty Accruals6.4 7.6 
Derivative Instruments— 2.6 
Inventory36.3 33.7 
Tax Loss Carryforward12.4 14.8 
Operating Lease Liability60.3 56.5 
Deferred Interest116.2 92.6 
Other53.1 35.0 
    Deferred Tax Assets before Valuation Allowance349.9 303.3 
Valuation Allowance(20.8)(8.3)
    Total Deferred Tax Assets329.1 295.0 
Property Related(81.4)(83.3)
Intangible Items(891.4)(936.4)
Accrued Liabilities(17.0)(11.8)
Derivative Instruments(5.5)— 
Operating Lease Asset(50.2)(49.0)
    Deferred Tax Liabilities(1,045.5)(1,080.5)
Net Deferred Tax Liability$(716.4)$(785.5)
Schedule of Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits
Following is a reconciliation of the beginning and ending amount of unrecognized tax benefits:
Unrecognized Tax Benefits, December 31, 2022$5.7 
Gross Increases from Current Period Tax Positions0.3 
Gross Increases from Acquisitions3.8 
Lapse of Statute of Limitations(1.3)
Unrecognized Tax Benefits, December 31, 2023$8.5 
Gross Increases from Current Period Tax Positions0.8 
Acquisition Measurement Period Adjustment(2.8)
Lapse of Statute of Limitations(2.3)
Unrecognized Tax Benefits, December 31, 2024$4.2 
Gross Increases from Current Period Tax Positions1.5 
Lapse of Statute of Limitations(1.5)
Unrecognized Tax Benefits, December 31, 2025$4.2 
Schedule of Income Taxes Paid
The components of income taxes paid for 2025 are as follows:

For the Year Ended
December 31, 2025
US Federal$25.8 
US State and Local7.4 
Foreign
Canada17.8 
China19.7 
Germany18.2 
India19.8 
Mexico19.1 
Netherlands10.7 
Switzerland11.5 
Other38.7 
Total Foreign
155.5 
Total$188.7 
v3.25.4
Contingencies (Tables)
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Changes in Accrued Warranty Costs The following is a reconciliation of the changes in accrued warranty costs for 2025 and 2024:
December 31, 2025December 31, 2024
Beginning Balance$33.4 $34.5 
    Less: Payments28.8 21.9 
    Provisions22.2 21.5 
    Translation Adjustments3.8 (0.7)
Ending Balance$30.6 $33.4 
v3.25.4
Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Forward Contracts
The Company has commodity forward contracts to hedge forecasted purchases of commodities with maturities extending through June 2027. The notional amounts expressed in terms of the dollar value of the hedged item were as follows:
December 31, 2025December 31, 2024
Copper$78.3 $41.7 

The Company has currency forward contracts with maturities extending through June 2027. The notional amounts expressed in terms of the dollar value of the hedged currency were as follows:
December 31, 2025December 31, 2024
Euro$753.9 $1,221.5 
Mexican Peso375.4 233.2 
Chinese Renminbi586.4 359.5 
Indian Rupee44.8 23.0 
Canadian Dollar147.3 52.2 
Australian Dollar6.1 — 
British Pound16.9 6.1 
Schedule of Fair Values of Derivative Instruments
Fair values of derivative instruments as of December 31, 2025 and December 31, 2024 were:
December 31, 2025
Prepaid Expenses and Other Current AssetsOther Noncurrent AssetsOther Accrued Expenses
Designated as Hedging Instruments:
   Currency Contracts$6.0 $0.5 $0.3 
   Commodity Contracts9.5 1.1 0.4 
Not Designated as Hedging Instruments:
   Currency Contracts5.2 — 2.6 
Total Derivatives$20.7 $1.6 $3.3 
December 31, 2024
Prepaid Expenses and Other Current AssetsOther Noncurrent AssetsOther Accrued Expenses
Designated as Hedging Instruments:
   Interest Rate Swap Contracts$— $5.5 $— 
   Currency Contracts0.1 — 8.0 
   Commodity Contracts0.1 — 4.4 
Not Designated as Hedging Instruments:
   Currency Contracts0.9 — 5.6 
Total Derivatives$1.1 $5.5 $18.0 
Schedule of Cash Flow Hedging Instruments
The effect of derivative instruments designated as cash flow hedges on the Consolidated Statements of Income (Loss) and Consolidated Statements of Comprehensive Income for 2025, 2024 and 2023 were:
2025
Interest
CommodityCurrencyRate
ForwardsForwardsSwapsTotal
Gain (Loss) Recognized in Other Comprehensive Income (Loss)$16.5 $14.8 $(2.4)$28.9 
Amounts Reclassified from Other Comprehensive Income (Loss) Gain:
Loss Recognized in Cost of Sales(0.6)(5.3)— (5.9)
Gain Recognized in Interest Expense— — 6.1 6.1 
2024
Interest
CommodityCurrencyRate
ForwardsForwardsSwapsTotal
(Loss) Gain Recognized in Other Comprehensive Loss$(4.5)$(14.3)$0.2 $(18.6)
Amounts Reclassified from Other Comprehensive Income (Loss):
(Loss) Gain Recognized in Cost of Sales(1.3)22.3 — 21.0 
Gain Recognized in Interest Expense— — 5.6 5.6 
2023
Interest
CommodityCurrencyRate
ForwardsForwardsSwapsTotal
(Loss) Gain Recognized in Other Comprehensive Loss$(0.5)$31.2 $(2.5)$28.2 
Amounts Reclassified from Other Comprehensive Income (Loss):
(Loss) Gain Recognized in Cost of Sales(13.6)20.8 — 7.2 
Gain Recognized in Interest Expense— — 5.9 5.9 
Schedule of Derivatives Not Designated as Cash Flow Hedging Instruments
The effect of derivative instruments not designated as cash flow hedges on the Consolidated Statements of Income (Loss) for 2025, 2024 and 2023 were:
2025
Commodity ForwardsCurrency ForwardsTotal
Gain (Loss) recognized in Operating Expenses$— $10.8 $10.8 
2024
Commodity ForwardsCurrency ForwardsTotal
Gain recognized in Operating Expenses$— $4.6 $4.6 

2023
Commodity ForwardsCurrency ForwardsTotal
Gain recognized in Cost of Sales$0.3 $— $0.3 
Loss recognized in Operating Expenses— (17.8)(17.8)
Schedule of Derivatives Offsetting Disclosures
The following table presents on a net basis the derivative assets and liabilities that are subject to right of offset under enforceable master netting agreements:
December 31, 2025
Gross Amounts as Presented in the Consolidated Balance SheetDerivative Contract Amounts Subject to Right of OffsetDerivative Contracts as Presented on a Net Basis
Assets$22.3 $(2.2)$20.1 
Liabilities3.3 (2.2)1.1 
December 31, 2024
Gross Amounts as Presented in the Consolidated Balance SheetDerivative Contract Amounts Subject to Right of OffsetDerivative Contracts as Presented on a Net Basis
Assets$6.6 $(1.1)$5.5 
Liabilities18.0 (1.1)16.9 
v3.25.4
Fair Value (Tables)
 12 Months Ended
Dec. 31, 2025
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 December 31, 2025 and December 31, 2024, respectively:
December 31, 2025December 31, 2024
Classification
Assets:
  Prepaid Expenses and Other Current Assets:
     Derivative Currency Contracts$11.2 $1.0 Level 2
     Derivative Commodity Contracts9.5 0.1 Level 2
  Other Noncurrent Assets:
Interest Rate Swap— 5.5 Level 2
Assets Held in Rabbi Trust16.8 14.6 Level 1
     Derivative Currency Contracts0.5 — Level 2
     Derivative Commodity Contracts1.1 — Level 2
Liabilities:
  Other Accrued Expenses:
     Derivative Currency Contracts2.9 13.6 Level 2
     Derivative Commodity Contracts0.4 4.4 Level 2
v3.25.4
Restructuring Activities (Tables)
 12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Reserve
The following table presents a reconciliation of provisions and payments for the restructuring projects for 2025 and 2024:
December 31, 2025December 31, 2024
Beginning Balance$16.3 $29.1 
Provision(1)
24.5 41.3 
Less: Payments32.1 54.1 
Ending Balance$8.7 $16.3 
(1) Excludes equipment related write-offs and restructuring related depreciation adjustments
Schedule of Restructuring and Related Costs
The following is a reconciliation of expenses by type for the restructuring projects in 2025, 2024 and 2023:
202520242023
Restructuring Costs:Cost of SalesOperating ExpensesTotalCost of SalesOperating ExpensesTotalCost of SalesOperating ExpensesTotal
Severance Expense$6.0 $11.7 $17.7 $11.2 $14.7 $25.9 $12.1 $15.2 $27.3 
Facility Related Costs4.9 2.9 7.8 7.8 1.5 9.3 25.5 0.3 25.8 
Other Expenses0.6 0.2 0.8 6.5 2.4 8.9 7.8 0.6 8.4 
Total Restructuring Costs$11.5 $14.8 $26.3 $25.5 $18.6 $44.1 $45.4 $16.1 $61.5 

The following table shows the allocation of Restructuring Expenses by segment for 2025, 2024 and 2023:
Automation & Motion ControlIndustrial Powertrain SolutionsPower Efficiency SolutionsIndustrial SystemsTotal
Restructuring Expenses - 2025$3.0 $20.1 $3.2 $— $26.3 
Restructuring Expenses - 2024$10.1 $21.7 $11.3 $1.0 $44.1 
Restructuring Expenses - 2023$3.2 $27.0 $30.4 $0.9 $61.5 
v3.25.4
Nature of Operations (Details)
 12 Months Ended
Dec. 31, 2025
segment
Nature of Operations [Abstract]  
Number of operating segments 3
v3.25.4
Accounting Policies - Narrative (Details)
shares in Millions
 12 Months Ended 15 Months Ended
Apr. 30, 2024
USD ($)
Dec. 31, 2025
USD ($)
unit
segment
shares
Dec. 31, 2024
USD ($)
unit
shares
Dec. 31, 2023
USD ($)
shares
Dec. 31, 2024
USD ($)
Property, Plant and Equipment [Line Items]          
Number of operating segments | segment   3      
Payment terms   due upon delivery to 120 days after delivery      
Contract assets   $ 83,500,000 $ 0   $ 0
Contract liabilities   34,500,000 0   0
Revenue, remaining performance obligation, amount   $ 955,000,000      
Amortization period   12 months      
ROU assets   $ 66,700,000 $ 44,700,000   44,700,000
Number of reporting units | unit   5 2    
Goodwill impairment   $ 0 $ 0 $ 57,300,000  
Impairment of intangible assets   0 0 0  
Asset Impairments   0 4,000,000.0 7,800,000  
Loss on sale of businesses   $ 4,500,000 $ 8,500,000 $ 87,700,000  
Shares excluded from the calculation of the effect of dilutive securities (in shares) | shares   0.3 0.3 0.4  
Timing period   15 days      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01          
Property, Plant and Equipment [Line Items]          
Revenue, remaining performance obligation, percentage   21.00%      
Revenue, remaining performance obligation, period   1 year      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01          
Property, Plant and Equipment [Line Items]          
Revenue, remaining performance obligation, amount   $ 735,000,000      
Revenue, remaining performance obligation, percentage   79.00%      
Revenue, remaining performance obligation, period   1 year      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01          
Property, Plant and Equipment [Line Items]          
Revenue, remaining performance obligation, period        
Automation & Motion Control          
Property, Plant and Equipment [Line Items]          
Number of reporting units | unit   4      
Industrial Powertrain Solutions          
Property, Plant and Equipment [Line Items]          
Number of reporting units | unit   1      
Reporting Unit One          
Property, Plant and Equipment [Line Items]          
Goodwill impairment   $ 0 $ 0    
Reporting Unit Two          
Property, Plant and Equipment [Line Items]          
Goodwill impairment   0 0    
Reporting Unit Three          
Property, Plant and Equipment [Line Items]          
Goodwill impairment   0      
Reporting Unit Four          
Property, Plant and Equipment [Line Items]          
Goodwill impairment   0      
Reporting Unit Five          
Property, Plant and Equipment [Line Items]          
Goodwill impairment   0      
Industrial Systems | Disposal Group, Held-for-Sale, Not Discontinued Operations          
Property, Plant and Equipment [Line Items]          
Loss on sale of businesses $ 95,400,000 $ 4,500,000 $ 8,500,000 $ 87,700,000 $ 95,400,000
Minimum | Buildings and Improvements          
Property, Plant and Equipment [Line Items]          
Property, plant and equipment, useful life   3 years      
Maximum | Buildings and Improvements          
Property, Plant and Equipment [Line Items]          
Property, plant and equipment, useful life   50 years      
v3.25.4
Accounting Policies - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disaggregation of Revenue [Line Items]      
Revenue $ 5,934.5 $ 6,033.8 $ 6,250.7
Automation & Motion Control      
Disaggregation of Revenue [Line Items]      
Revenue 1,689.8 1,633.8 1,516.8
Industrial Powertrain Solutions      
Disaggregation of Revenue [Line Items]      
Revenue 2,594.1 2,598.1 2,403.5
Power Efficiency Solutions      
Disaggregation of Revenue [Line Items]      
Revenue 1,650.6 1,644.1 1,808.9
Industrial Systems      
Disaggregation of Revenue [Line Items]      
Revenue   157.8 521.5
North America      
Disaggregation of Revenue [Line Items]      
Revenue 4,160.1 4,179.6 4,336.2
North America | Automation & Motion Control      
Disaggregation of Revenue [Line Items]      
Revenue 1,127.4 1,088.8 1,006.3
North America | Industrial Powertrain Solutions      
Disaggregation of Revenue [Line Items]      
Revenue 1,736.9 1,734.9 1,636.1
North America | Power Efficiency Solutions      
Disaggregation of Revenue [Line Items]      
Revenue 1,295.8 1,276.5 1,419.2
North America | Industrial Systems      
Disaggregation of Revenue [Line Items]      
Revenue   79.4 274.6
Asia      
Disaggregation of Revenue [Line Items]      
Revenue 442.7 476.2 570.3
Asia | Automation & Motion Control      
Disaggregation of Revenue [Line Items]      
Revenue 109.4 91.5 76.1
Asia | Industrial Powertrain Solutions      
Disaggregation of Revenue [Line Items]      
Revenue 165.6 172.7 168.9
Asia | Power Efficiency Solutions      
Disaggregation of Revenue [Line Items]      
Revenue 167.7 167.7 178.7
Asia | Industrial Systems      
Disaggregation of Revenue [Line Items]      
Revenue   44.3 146.6
Europe      
Disaggregation of Revenue [Line Items]      
Revenue 1,003.0 1,006.2 968.6
Europe | Automation & Motion Control      
Disaggregation of Revenue [Line Items]      
Revenue 372.6 372.7 342.6
Europe | Industrial Powertrain Solutions      
Disaggregation of Revenue [Line Items]      
Revenue 495.8 482.0 420.5
Europe | Power Efficiency Solutions      
Disaggregation of Revenue [Line Items]      
Revenue 134.6 133.9 149.7
Europe | Industrial Systems      
Disaggregation of Revenue [Line Items]      
Revenue   17.6 55.8
Rest-of-World      
Disaggregation of Revenue [Line Items]      
Revenue 328.7 371.8 375.6
Rest-of-World | Automation & Motion Control      
Disaggregation of Revenue [Line Items]      
Revenue 80.4 80.8 91.8
Rest-of-World | Industrial Powertrain Solutions      
Disaggregation of Revenue [Line Items]      
Revenue 195.8 208.5 178.0
Rest-of-World | Power Efficiency Solutions      
Disaggregation of Revenue [Line Items]      
Revenue $ 52.5 66.0 61.3
Rest-of-World | Industrial Systems      
Disaggregation of Revenue [Line Items]      
Revenue   $ 16.5 $ 44.5
v3.25.4
Accounting Policies - Schedule of Research and Development Costs are Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounting Policies [Abstract]      
Research, Development and Engineering Costs $ 198.7 $ 176.4 $ 171.0
v3.25.4
Accounting Policies - Schedule of Inventories (Details) - Inventories - Inventory Concentration Risk
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Raw Material and Work in Process    
Inventory [Line Items]    
Concentration risk 63.40% 67.80%
Finished Goods and Purchased Parts    
Inventory [Line Items]    
Concentration risk 36.60% 32.20%
v3.25.4
Accounting Policies - Schedule of Property, Plant and Equipment (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment $ 1,880.2 $ 1,711.5
Less: Accumulated Depreciation (968.4) (790.5)
Net Property, Plant and Equipment 911.8 921.0
Land and Improvements    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment 130.6 134.5
Buildings and Improvements    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment 434.8 387.2
Machinery, Equipment and Other    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment $ 1,314.8 $ 1,189.8
Minimum | Buildings and Improvements    
Property, Plant and Equipment [Line Items]    
Useful Life (In Years) 3 years  
Minimum | Machinery, Equipment and Other    
Property, Plant and Equipment [Line Items]    
Useful Life (In Years) 3 years  
Maximum | Buildings and Improvements    
Property, Plant and Equipment [Line Items]    
Useful Life (In Years) 50 years  
Maximum | Machinery, Equipment and Other    
Property, Plant and Equipment [Line Items]    
Useful Life (In Years) 15 years  
v3.25.4
Accounting Policies - Schedule of Earnings (Loss) Per Share (Details) - shares
shares in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Denominator for Basic Earnings Per Share (in shares) 66.3 66.4 66.3
Effect of Dilutive Securities (in shares) 0.3 0.3 0.0
Denominator for Diluted Earnings Per Share (in shares) 66.6 66.7 66.3
Shares excluded from the calculation of the effect of dilutive securities (in shares) 0.3 0.3 0.4
Share-Based Payment Arrangement      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Shares excluded from the calculation of the effect of dilutive securities (in shares)     0.4
v3.25.4
Accounting Policies - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance $ 6,267.2 $ 6,365.1 $ 6,422.6
Net Current Period Other Comprehensive Income (Loss) 367.8 (161.1) 69.2
Ending balance 6,853.3 6,267.2 6,365.1
Total      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (442.7) (282.4) (352.1)
Other Comprehensive Income (Loss) before Reclassifications 375.1 (264.5) 84.4
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (0.9) 94.4 (14.7)
Tax Impact (6.9) 9.8 0.0
Net Current Period Other Comprehensive Income (Loss) 367.3 (160.3) 69.7
Ending balance (75.4) (442.7) (282.4)
Hedging Activities      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (5.5) 28.8 17.3
Other Comprehensive Income (Loss) before Reclassifications 28.9 (18.6) 28.2
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (0.2) (26.6) (13.0)
Tax Impact (6.9) 10.9 (3.7)
Net Current Period Other Comprehensive Income (Loss) 21.8 (34.3) 11.5
Ending balance 16.3 (5.5) 28.8
Pension and Post Retirement Benefit Adjustments      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (21.5) (25.0) (13.3)
Other Comprehensive Income (Loss) before Reclassifications 1.3 4.9 (13.7)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (0.7) (0.3) (1.7)
Tax Impact 0.0 (1.1) 3.7
Net Current Period Other Comprehensive Income (Loss) 0.6 3.5 (11.7)
Ending balance (20.9) (21.5) (25.0)
Foreign Currency Translation Adjustments      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (415.7) (286.2) (356.1)
Other Comprehensive Income (Loss) before Reclassifications 344.9 (250.8) 69.9
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) 0.0 121.3 0.0
Tax Impact 0.0 0.0 0.0
Net Current Period Other Comprehensive Income (Loss) 344.9 (129.5) 69.9
Ending balance $ (70.8) $ (415.7) $ (286.2)
v3.25.4
Accounting Policies - Schedule of Supplier Finance Program (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Supplier Finance Program, Obligation [Roll Forward]  
Balance at beginning of period $ 41.0
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration] Accounts Payable, Current
Plus: Obligations Added $ 173.0
Less: Obligations Settled 172.0
Balance at end of period $ 42.0
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration] Accounts Payable, Current
v3.25.4
Acquisitions and Divestitures - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 12 Months Ended 15 Months Ended
Apr. 30, 2024
Mar. 27, 2023
Mar. 31, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Business Combination [Line Items]              
Loss on sale of businesses       $ 4.5 $ 8.5 $ 87.7  
Altra Merger Agreement              
Business Combination [Line Items]              
Share price (in dollars per share)   $ 62.00          
Purchase price   $ 5,134.6          
Transaction related costs         23.5 86.9  
Share-based payment arrangement, accelerated cost     $ 15.7        
Altra Merger Agreement | Transaction Costs and Other One Time Non Recurring Costs              
Business Combination [Line Items]              
Revenues           102.6  
Altra Merger Agreement | Inventory Valuation Adjustment              
Business Combination [Line Items]              
Revenues           54.5  
Disposal Group, Held-for-Sale, Not Discontinued Operations | Industrial Systems              
Business Combination [Line Items]              
Total purchase price $ 444.0            
Loss on sale of business, net         7.7    
Loss on sale of businesses $ 95.4     $ 4.5 $ 8.5 $ 87.7 $ 95.4
v3.25.4
Acquisitions and Divestitures- Schedule of Fair Value of Sales Proceeds (Details) - Disposal Group, Held-for-Sale, Not Discontinued Operations - Industrial Systems
$ in Millions
Apr. 30, 2024
USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Purchase price $ 400.0
Cash transferred to buyer 64.5
Estimated working capital and other adjustments (20.5)
Total purchase price 444.0
Direct costs to sell (7.3)
Fair value of sale consideration, net $ 436.7
v3.25.4
Acquisitions and Divestitures - Schedule of Carrying Value of the Disposal Group (Details) - USD ($)
$ in Millions
 12 Months Ended 15 Months Ended
Apr. 30, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Loss on Sale of Businesses   $ (4.5) $ (8.5) $ (87.7)  
Disposal Group, Held-for-Sale, Not Discontinued Operations | Industrial Systems          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Net assets sold $ 420.2        
Noncontrolling Interest (9.2)        
Accumulated Other Comprehensive Income 121.3        
Payables to seller (0.2)        
Carrying value of disposal group 532.1        
Loss on Sale of Businesses $ (95.4) $ (4.5) $ (8.5) $ (87.7) $ (95.4)
v3.25.4
Acquisitions and Divestitures - Schedule of Purchase Price (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended
Mar. 27, 2023
Jun. 30, 2023
Dec. 31, 2025
Dec. 31, 2024
May 31, 2024
Jan. 24, 2023
Business Combination [Line Items]            
Common stock, shares outstanding (in shares)     66.4 66.3    
Long-term debt     $ 4,819.1      
Senior Notes            
Business Combination [Line Items]            
Long-term debt         $ 2.9  
Senior Notes Due 2026 | Senior Notes            
Business Combination [Line Items]            
Interest rate         6.05% 6.05%
Long-term debt     $ 1,100.0      
Altra Merger Agreement            
Business Combination [Line Items]            
Cash paid for outstanding Altra common stock $ 4,051.0 $ 17.3        
Stock based compensation 23.1          
Payment of Altra debt 1,061.0          
Pre-existing relationships (0.5)          
Purchase price $ 5,134.6          
Share price (in dollars per share) $ 62.00          
Altra Merger Agreement | Senior Notes Due 2026 | Senior Notes            
Business Combination [Line Items]            
Percentage of debt outstanding 95.28%          
Interest rate 6.125%          
Long-term debt $ 18.1          
Altra Merger Agreement | Altra Industrial Motion Corp            
Business Combination [Line Items]            
Common stock, shares outstanding (in shares) 65.3          
v3.25.4
Acquisitions and Divestitures - Schedule of Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Business Combination [Line Items]        
Goodwill $ 6,611.3 $ 6,458.9   $ 6,553.1
Altra Merger Agreement        
Business Combination [Line Items]        
Cash and Cash Equivalents     $ 259.1  
Trade Receivables     256.6  
Inventories     387.0  
Prepaid Expenses and Other Current Assets     32.4  
Property, Plant and Equipment     402.5  
Intangible Assets     2,142.0  
Deferred Income Tax Benefits     0.8  
Operating Lease Assets     46.8  
Other Noncurrent Assets     12.7  
Accounts Payable     (183.3)  
Accrued Compensation and Benefits     (66.0)  
Other Accrued Expenses     (145.3)  
Current Operating Lease Liabilities     (12.3)  
Current Maturities of Long-Term Debt     (0.4)  
Long-Term Debt     (25.3)  
Deferred Income Taxes     (525.1)  
Pension and Other Post Retirement Benefits     (19.8)  
Noncurrent Operating Lease Liabilities     (29.0)  
Other Noncurrent Liabilities     (8.3)  
Total Identifiable Net Assets     2,525.1  
Goodwill     2,609.5  
Purchase price     5,134.6  
Transaction costs     60.1  
Altra Merger Agreement | Customer Relationships        
Business Combination [Line Items]        
Intangible Assets     1,710.0  
Altra Merger Agreement | Trademarks        
Business Combination [Line Items]        
Intangible Assets     330.0  
Altra Merger Agreement | Technology        
Business Combination [Line Items]        
Intangible Assets     $ 102.0  
v3.25.4
Acquisitions and Divestitures - Schedule of Fair Value and Weighted Average Useful Life of Identifiable Intangible Assets) (Details) - Altra Merger Agreement
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Intangible Asset, Acquired, Finite-Lived [Line Items]  
Fair Value $ 2,142.0
Customer Relationships  
Intangible Asset, Acquired, Finite-Lived [Line Items]  
Fair Value $ 1,710.0
Weighted Average Useful Life (Years) 14 years
Trademarks  
Intangible Asset, Acquired, Finite-Lived [Line Items]  
Fair Value $ 330.0
Weighted Average Useful Life (Years) 10 years
Technology  
Intangible Asset, Acquired, Finite-Lived [Line Items]  
Fair Value $ 102.0
Weighted Average Useful Life (Years) 13 years
v3.25.4
Acquisitions and Divestitures - Schedule of Pro Forma Information (Details) - Altra Merger Agreement
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2023
USD ($)
$ / shares
Business Combination [Line Items]  
Net Sales | $ $ 6,701.8
Net Income Attributable to Regal Rexnord Corporation | $ $ 50.1
Basic (in dollars per share) | $ / shares $ 0.76
Assuming Diluted (in dollars per share) | $ / shares $ 0.75
v3.25.4
Goodwill and Intangible Assets - Schedule of Changes To Goodwill (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Goodwill [Roll Forward]    
Goodwill, beginning balance $ 6,458.9 $ 6,553.1
Acquisitions   (5.1)
Translation and Other 152.4 (89.1)
Goodwill, ending balance 6,611.3 6,458.9
Cumulative Goodwill Impairment Charges 223.6  
Automation & Motion Control    
Goodwill [Roll Forward]    
Goodwill, beginning balance 2,012.5 2,052.2
Acquisitions   0.7
Translation and Other 66.2 (40.4)
Goodwill, ending balance 2,078.7 2,012.5
Cumulative Goodwill Impairment Charges 5.1  
Industrial Powertrain Solutions    
Goodwill [Roll Forward]    
Goodwill, beginning balance 3,697.2 3,747.0
Acquisitions   (5.8)
Translation and Other 78.2 (44.0)
Goodwill, ending balance 3,775.4 3,697.2
Cumulative Goodwill Impairment Charges 18.1  
Power Efficiency Solutions    
Goodwill [Roll Forward]    
Goodwill, beginning balance 749.2 753.9
Acquisitions   0.0
Translation and Other 8.0 (4.7)
Goodwill, ending balance 757.2 $ 749.2
Cumulative Goodwill Impairment Charges $ 200.4  
v3.25.4
Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]    
Gross Amount $ 5,012.9 $ 4,878.1
Accumulated Amortization 1,594.5 1,213.5
Net Carrying Amount $ 3,418.4 3,664.6
Customer Relationships    
Finite-Lived Intangible Assets [Line Items]    
Weighted Average Amortization Period (Years) 15 years  
Gross Amount $ 3,993.6 3,892.8
Accumulated Amortization 1,188.7 915.1
Net Carrying Amount $ 2,804.9 2,977.7
Technology    
Finite-Lived Intangible Assets [Line Items]    
Weighted Average Amortization Period (Years) 13 years  
Gross Amount $ 300.2 293.0
Accumulated Amortization 131.5 109.0
Net Carrying Amount $ 168.7 184.0
Trademarks    
Finite-Lived Intangible Assets [Line Items]    
Weighted Average Amortization Period (Years) 10 years  
Gross Amount $ 719.1 692.3
Accumulated Amortization 274.3 189.4
Net Carrying Amount $ 444.8 $ 502.9
v3.25.4
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]      
Amortization of intangible assets $ 346.1 $ 346.5 $ 307.8
v3.25.4
Goodwill and Intangible Assets - Schedule of Estimated Amortization (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
2026 $ 342.2
2027 342.2
2028 336.6
2029 329.5
2030 $ 327.4
v3.25.4
Segment Information - Narrative (Details) - segment
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Number of reportable segments 3    
Geographic Concentration Risk | Sales Revenue, Net | US      
Segment Reporting Information [Line Items]      
Concentration risk 62.80% 60.40% 61.40%
Geographic Concentration Risk | Sales Revenue, Net | China      
Segment Reporting Information [Line Items]      
Concentration risk 5.30% 5.40% 6.50%
v3.25.4
Segment Information - Schedule of Financial Information Attributable to the Reporting Segments (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Net Sales $ 5,934.5 $ 6,033.8 $ 6,250.7
Adjusted Cost of Sales 3,742.8 3,855.8 4,175.1
Adjusted Engineering, Selling and Administration Expenses 1,151.9 1,128.2 1,088.6
Other Segment Items 359.0 419.8 609.9
Income from Operations 680.8 630.0 377.1
Interest Expense 349.2 399.7 431.0
Interest Income (23.7) (18.8) (43.6)
Other Expense (Income), Net 2.8 1.1 (8.7)
Income (Loss) before Taxes 352.5 248.0 (1.6)
Other Supplemental Disclosures      
Amortization 346.1 346.5 307.8
Depreciation 154.5 165.3 185.0
Goodwill Impairment 0.0 0.0 57.3
Asset Impairments 0.0 4.0 7.8
Loss on Assets Held for Sale 4.5 8.5 87.7
Capital Expenditures 97.7 109.5 119.1
Automation & Motion Control      
Segment Reporting Information [Line Items]      
Net Sales 1,689.8 1,633.8 1,516.8
Industrial Powertrain Solutions      
Segment Reporting Information [Line Items]      
Net Sales 2,594.1 2,598.1 2,403.5
Power Efficiency Solutions      
Segment Reporting Information [Line Items]      
Net Sales 1,650.6 1,644.1 1,808.9
Industrial Systems      
Segment Reporting Information [Line Items]      
Net Sales   157.8 521.5
Operating Segments, Excluding Intersegment Elimination      
Segment Reporting Information [Line Items]      
Net Sales (28.0) (47.9) (56.1)
Operating Segments, Excluding Intersegment Elimination | Automation & Motion Control      
Segment Reporting Information [Line Items]      
Net Sales 1,702.1 1,652.8 1,537.7
Operating Segments, Excluding Intersegment Elimination | Industrial Powertrain Solutions      
Segment Reporting Information [Line Items]      
Net Sales 2,608.4 2,614.1 2,418.4
Operating Segments, Excluding Intersegment Elimination | Power Efficiency Solutions      
Segment Reporting Information [Line Items]      
Net Sales 1,652.0 1,656.5 1,826.6
Operating Segments, Excluding Intersegment Elimination | Industrial Systems      
Segment Reporting Information [Line Items]      
Net Sales 0.0 158.3 524.1
Intersegment Eliminations      
Segment Reporting Information [Line Items]      
Net Sales (28.0) (47.9) (56.1)
Intersegment Eliminations | Automation & Motion Control      
Segment Reporting Information [Line Items]      
Net Sales (12.3) (19.0) (20.9)
Intersegment Eliminations | Industrial Powertrain Solutions      
Segment Reporting Information [Line Items]      
Net Sales (14.3) (16.0) (14.9)
Intersegment Eliminations | Power Efficiency Solutions      
Segment Reporting Information [Line Items]      
Net Sales (1.4) (12.4) (17.7)
Intersegment Eliminations | Industrial Systems      
Segment Reporting Information [Line Items]      
Net Sales 0.0 (0.5) (2.6)
Operating Segments | Automation & Motion Control      
Segment Reporting Information [Line Items]      
Net Sales 1,689.8 1,633.8 1,516.8
Adjusted Cost of Sales 1,075.7 1,024.5 950.7
Adjusted Engineering, Selling and Administration Expenses 365.5 342.9 291.1
Other Segment Items 114.7 122.0 136.0
Income from Operations 133.9 144.4 139.0
Other Supplemental Disclosures      
Amortization 137.6 137.1 117.2
Depreciation 48.8 47.2 41.0
Goodwill Impairment     0.0
Asset Impairments 0.0 1.8 3.4
Loss on Assets Held for Sale 0.0 1.1 0.0
Capital Expenditures 33.6 29.9 34.6
Operating Segments | Industrial Powertrain Solutions      
Segment Reporting Information [Line Items]      
Net Sales 2,594.1 2,598.1 2,403.5
Adjusted Cost of Sales 1,503.5 1,541.5 1,516.9
Adjusted Engineering, Selling and Administration Expenses 521.1 483.1 433.2
Other Segment Items 232.0 250.8 301.6
Income from Operations 337.5 322.7 151.8
Other Supplemental Disclosures      
Amortization 202.7 201.5 181.4
Depreciation 69.7 80.7 91.8
Goodwill Impairment     0.0
Asset Impairments 0.0 1.1 2.5
Loss on Assets Held for Sale 4.5 1.7 0.0
Capital Expenditures 45.1 50.3 41.3
Operating Segments | Power Efficiency Solutions      
Segment Reporting Information [Line Items]      
Net Sales 1,650.6 1,644.1 1,808.9
Adjusted Cost of Sales 1,163.6 1,171.4 1,293.4
Adjusted Engineering, Selling and Administration Expenses 265.3 273.2 279.5
Other Segment Items 12.3 36.9 18.6
Income from Operations 209.4 162.6 217.4
Other Supplemental Disclosures      
Amortization 5.8 7.7 8.3
Depreciation 36.0 37.0 43.0
Goodwill Impairment     0.0
Asset Impairments 0.0 1.1 1.5
Loss on Assets Held for Sale 0.0 1.4 0.0
Capital Expenditures 19.0 25.0 35.0
Operating Segments | Industrial Systems      
Segment Reporting Information [Line Items]      
Net Sales 0.0 157.8 521.5
Adjusted Cost of Sales 0.0 118.4 414.1
Adjusted Engineering, Selling and Administration Expenses 0.0 29.0 84.8
Other Segment Items 0.0 10.1 153.7
Income from Operations 0.0 0.3 (131.1)
Other Supplemental Disclosures      
Amortization 0.0 0.2 0.9
Depreciation 0.0 0.4 9.2
Goodwill Impairment     57.3
Asset Impairments 0.0 0.0 0.4
Loss on Assets Held for Sale 0.0 4.3 87.7
Capital Expenditures $ 0.0 $ 4.3 $ 8.2
v3.25.4
Segment Information - Schedule of Identifiable Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Segment Reporting Information [Line Items]    
Identifiable assets $ 13,921.0 $ 14,033.7
Automation & Motion Control    
Segment Reporting Information [Line Items]    
Identifiable assets 4,598.6 4,642.4
Industrial Powertrain Solutions    
Segment Reporting Information [Line Items]    
Identifiable assets 7,389.1 7,528.8
Power Efficiency Solutions    
Segment Reporting Information [Line Items]    
Identifiable assets $ 1,933.3 $ 1,862.5
v3.25.4
Segment Information - Schedule of Financial Information Attributable to Geographic Regions (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]      
Net Sales $ 5,934.5 $ 6,033.8 $ 6,250.7
Net Property, Plant and Equipment 911.8 921.0  
US      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Net Sales 3,727.0 3,644.0 3,840.4
Net Property, Plant and Equipment 386.7 411.9  
Mexico      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Net Property, Plant and Equipment 167.3 154.2  
Germany      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Net Property, Plant and Equipment 100.2 92.7  
China      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Net Sales 313.8 323.1 403.6
Net Property, Plant and Equipment 51.0 50.9  
Rest of the World      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Net Sales 1,893.7 2,066.7 $ 2,006.7
Net Property, Plant and Equipment $ 206.6 $ 211.3  
v3.25.4
Receivables Securitization (Details) - USD ($)
$ in Millions
 12 Months Ended
Jun. 30, 2025
Dec. 31, 2025
Transfers and Servicing [Abstract]    
Account receivable securitization facility, term 1 year  
Account receivables in the securitization facility $ 400.0  
Accounts receivable sold   $ 372.5
Cash received from securitization   372.5
Account receivables in the securitization facility sold   1,665.7
Cash collections from accounts receivable securitization   1,293.2
Account receivables in the securitization facility unsold and pledged as collateral   64.6
Charges associated with securitization facility   $ 9.4
v3.25.4
Debt and Bank Credit Facilities - Schedule Of Indebtedness (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Finance Leases $ 93.8 $ 70.1
Less: Debt Issuance Costs (30.4) (42.1)
Total 4,788.7 5,457.7
Less: Current Maturities 24.1 5.0
Non-Current Portion 4,764.6 5,452.7
Senior Notes    
Debt Instrument [Line Items]    
Long-term debt 4,700.0 4,700.0
Senior Notes | Altra Notes    
Debt Instrument [Line Items]    
Long-term debt 18.1 18.1
Line of Credit | Term Facility    
Debt Instrument [Line Items]    
Long-term debt 0.0 665.0
Line of Credit | Multicurrency Revolving Facility    
Debt Instrument [Line Items]    
Long-term debt 0.0 40.0
Other    
Debt Instrument [Line Items]    
Long-term debt $ 7.2 $ 6.6
v3.25.4
Debt and Bank Credit Facilities - Narrative (Details)
 1 Months Ended 12 Months Ended
Mar. 27, 2023
USD ($)
Jan. 24, 2023
USD ($)
series
May 31, 2024
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Feb. 12, 2026
USD ($)
Nov. 21, 2025
USD ($)
Mar. 28, 2022
USD ($)
Debt Instrument [Line Items]                
Interest bearing deposits   $ 3,600,000,000            
Long-term debt       $ 4,819,100,000        
Altra Merger Agreement                
Debt Instrument [Line Items]                
Payment of Altra debt $ 1,061,000,000              
Senior Notes                
Debt Instrument [Line Items]                
Long-term debt       4,700,000,000 $ 4,700,000,000      
Principal amount     $ 4,697,100,000          
Possible increase in interest rate   2.00%            
Proceeds from senior notes   $ 4,647,000,000            
Interest income   $ 29,400,000            
Term of debt   540 days            
Extinguishment of debt     4,697,100,000          
Long-term debt     2,900,000          
Number of debt series | series   4            
Fair value of debt       4,903,400,000 4,795,200,000      
Senior Notes | Senior Notes Due 2026                
Debt Instrument [Line Items]                
Principal amount   $ 1,100,000,000 $ 1,099,000,000          
Interest rate   6.05% 6.05%          
Long-term debt       1,100,000,000        
Senior Notes | Senior Notes Due 2026 | Altra Merger Agreement                
Debt Instrument [Line Items]                
Interest rate 6.125%              
Long-term debt $ 18,100,000              
Senior Notes | Senior Notes Due 2028                
Debt Instrument [Line Items]                
Principal amount   $ 1,250,000,000 $ 1,249,400,000          
Interest rate   6.05% 6.05%          
Senior Notes | Senior Notes Due 2030                
Debt Instrument [Line Items]                
Principal amount   $ 1,100,000,000 $ 1,099,400,000          
Interest rate   6.30% 6.30%          
Senior Notes | Senior Notes Due 2033                
Debt Instrument [Line Items]                
Principal amount   $ 1,250,000,000 $ 1,249,300,000          
Interest rate   6.40% 6.40%          
Private Placement Notes                
Debt Instrument [Line Items]                
Interest rate   3.90%            
Payment of Altra debt   $ 500,000,000.0            
Term Facility | Line of Credit                
Debt Instrument [Line Items]                
Maximum borrowing capacity               $ 1,390,000,000
Repayments of long-term debt       665,000,000.0        
Long-term debt       0 665,000,000.0      
Multicurrency Revolving Facility | Line of Credit                
Debt Instrument [Line Items]                
Maximum borrowing capacity               $ 1,570,000,000
Long-term debt       0 40,000,000.0      
Average balance outstanding under the facility       80,600,000 $ 72,000,000.0      
Unsecured Debt | Line of Credit | Credit Agreement, Term Facility, 2025                
Debt Instrument [Line Items]                
Maximum borrowing capacity             $ 850,000,000.0  
Long-term debt       0        
Unsecured Debt | Line of Credit | Credit Agreement, Term Facility, 2025 | Subsequent Event                
Debt Instrument [Line Items]                
Principal amount           $ 850,000,000.0    
Revolving Credit Facility | Line of Credit | Credit Agreement, Revolving Facility, 2025                
Debt Instrument [Line Items]                
Maximum borrowing capacity             $ 1,500,000,000  
Available borrowing capacity under the facility       1,500,000,000        
Average balance outstanding under the facility       $ 20,600,000        
Non-use fee, percentage       0.15%        
Standby Letters of Credit | Line of Credit | Credit Agreement, Term Facility, 2025                
Debt Instrument [Line Items]                
Principal amount       $ 0        
v3.25.4
Debt and Bank Credit Facilities - Schedule of Weighted Average Interest (Details) - Line of Credit
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Term Facility    
Debt Instrument [Line Items]    
Weighted average interest rate 6.20% 7.00%
Multicurrency Revolving Facility    
Debt Instrument [Line Items]    
Weighted average interest rate 6.10% 7.00%
Revolving Credit Facility | Credit Agreement, Revolving Facility, 2025    
Debt Instrument [Line Items]    
Weighted average interest rate 5.20% 0.00%
v3.25.4
Debt and Bank Credit Facilities - Schedule of Maturities Of Long-Term Debt (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Debt Disclosure [Abstract]  
2026 $ 1,124.1
2027 5.1
2028 1,261.3
2029 3.8
2030 1,103.9
Thereafter 1,320.9
Total $ 4,819.1
v3.25.4
Retirement Plans - Schedule of Defined Benefit Pension Assets Investment (Details)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 100.00%  
Target return 5.80%  
Actual allocation 100.00% 100.00%
Equity Investments    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 20.30%  
Target return, minimum 5.30%  
Target return, maximum 7.00%  
Actual allocation 15.20% 15.60%
Fixed Income    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 65.50%  
Target return, minimum 3.80%  
Target return, maximum 7.80%  
Actual allocation 67.40% 70.30%
Other    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 14.20%  
Target return, minimum 2.80%  
Target return, maximum 7.80%  
Actual allocation 17.40% 14.10%
v3.25.4
Retirement Plans - Schedule of Reconciliation of Funded Status of The Defined Benefit Plans (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Change in Projected Benefit Obligation:      
Obligation at Beginning of Period $ 450.0 $ 483.1  
Service Cost 3.1 2.0 $ 2.1
Interest Cost 22.5 21.3 22.8
Actuarial (Gain) Loss 0.9 (25.8)  
Benefits Paid (35.2) (34.3)  
Settlements (0.3) (0.7)  
Curtailments (0.4) 0.0  
Transfers 0.2 0.0  
Foreign Currency Translation 12.1 (8.3)  
Other Events 0.0 13.8  
Divestitures 0.0 (1.1)  
Obligation at End of Period 452.9 450.0 483.1
Change in Fair Value of Plan Assets:      
Fair Value of Plan Assets at Beginning of Period 345.1 367.7  
Actual Return on Plan Assets 21.7 (1.9)  
Employer Contributions 15.5 16.6  
Benefits Paid (35.2) (34.3)  
Settlements (0.3) (0.7)  
Foreign Currency Translation 5.0 (3.3)  
Other Events 0.0 2.1  
Divestitures 0.0 (1.1)  
Fair Value of Plan Assets at End of Period 351.8 345.1 $ 367.7
Funded Status $ (101.1) $ (104.9)  
v3.25.4
Retirement Plans - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Funded (unfunded) status of plan $ (101.1) $ (104.9)  
Accumulated benefit obligation $ 441.3 $ 438.7  
Defined benefit plan compensation increase assumption 3.00% 3.00%  
Employer contributions $ 15.5 $ 16.6  
Expected contribution to defined benefit pension plans 18.7    
US      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Funded (unfunded) status of plan (47.4) (52.4)  
Employer contributions 21.7 29.5 $ 24.3
International Plan      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Funded (unfunded) status of plan (53.7) (52.5)  
Employer contributions $ 11.8 $ 14.0 $ 15.7
v3.25.4
Retirement Plans - Schedule of Amounts Recognized in Balance Sheet of Defined Benefit Plans (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Retirement Benefits [Abstract]    
Other Noncurrent Assets $ 6.1 $ 5.3
Accrued Compensation and Benefits (8.1) (7.6)
Pension and Other Post Retirement Benefits (99.1) (102.6)
Total (101.1) (104.9)
Net Actuarial Loss 32.4 32.0
Prior Service Cost 0.2 0.3
Total $ 32.6 $ 32.3
v3.25.4
Retirement Plans - Schedule of Accumulated Benefit Obligations in Excess of Plan Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Retirement Benefits [Abstract]    
Projected Benefit Obligation $ 417.7 $ 415.1
Accumulated Benefit Obligation 410.4 408.5
Fair Value of Plan Assets $ 310.5 $ 304.9
v3.25.4
Retirement Plans - Schedule of Weighted-Average Assumptions Used to Determine Projected Benefit Obligation (Details)
Dec. 31, 2025
Dec. 31, 2024
Retirement Benefits [Abstract]    
Discount Rate 5.20% 5.40%
v3.25.4
Retirement Plans - Schedule of Net Periodic Benefit Costs (Income) and Benefit Payments Expected Future Service (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Retirement Benefits [Abstract]      
Service Cost $ 3.1 $ 2.0 $ 2.1
Interest Cost $ 22.5 $ 21.3 $ 22.8
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Other Nonoperating Income (Expense) Other Nonoperating Income (Expense) Other Nonoperating Income (Expense)
Expected Return on Plan Assets $ (18.6) $ (20.0) $ (27.1)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other Nonoperating Income (Expense) Other Nonoperating Income (Expense) Other Nonoperating Income (Expense)
Amortization of Net Actuarial Gain $ (0.7) $ (0.2) $ (1.8)
Amortization of Prior Service Cost 0.1 0.1 0.1
Curtailment (Benefit) Expense (0.3) 0.0 0.2
Net Periodic Benefit Cost 6.1 3.2 (3.7)
Prior Service Cost 0.4 0.1 0.1
Net Actuarial Gain (0.1) (3.7) (14.4)
Total Recognized in OCI $ 0.3 $ (3.6) $ (14.3)
v3.25.4
Retirement Plans - Schedule of Weighted-Average Assumptions Used to Determine Net Periodic Pension Cost (Details)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Retirement Benefits [Abstract]      
Discount Rate 5.40% 4.70% 5.20%
Expected Long-Term Rate of Return on Assets 5.40% 5.10% 6.60%
v3.25.4
Retirement Plans - Schedule of Fair Value of Plan Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]      
Plan assets $ 351.8 $ 345.1 $ 367.7
Level 1      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 22.7 21.5  
Level 1 | Cash and Cash Equivalents      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 4.4 4.3  
Level 1 | International Equities      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 6.4 6.0  
Level 1 | Fixed Income      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 10.8 10.2  
Level 1 | Other      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 1.1 1.0  
Level 1 | Insurance Contracts      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 0.0 0.0  
Level 3      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 27.0 25.2 28.0
Level 3 | Cash and Cash Equivalents      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 0.0 0.0  
Level 3 | International Equities      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 0.0 0.0  
Level 3 | Fixed Income      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 0.0 0.0  
Level 3 | Other      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 5.2 4.1 4.3
Level 3 | Insurance Contracts      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 21.8 21.1 $ 23.7
Net Asset Value      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 302.1 298.4  
Net Asset Value | Common Collective Trust Funds      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 302.1 298.4  
Estimate of Fair Value      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 49.7 46.7  
Estimate of Fair Value | Cash and Cash Equivalents      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 4.4 4.3  
Estimate of Fair Value | International Equities      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 6.4 6.0  
Estimate of Fair Value | Fixed Income      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 10.8 10.2  
Estimate of Fair Value | Other      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets 6.3 5.1  
Estimate of Fair Value | Insurance Contracts      
Defined Benefit Plan Disclosure [Line Items]      
Plan assets $ 21.8 $ 21.1  
v3.25.4
Retirement Plans - Schedule of Level 3 Pension plan (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Change in Fair Value of Plan Assets:    
Fair Value of Plan Assets at Beginning of Period $ 345.1 $ 367.7
Fair Value of Plan Assets at End of Period 351.8 345.1
Level 3    
Change in Fair Value of Plan Assets:    
Fair Value of Plan Assets at Beginning of Period 25.2 28.0
Acquisition 0.0 0.0
Net Sales (0.3) (0.3)
Net Gains (Losses) (1.2) (0.7)
Translation 3.3 (1.8)
Fair Value of Plan Assets at End of Period 27.0 25.2
Level 3 | Other    
Change in Fair Value of Plan Assets:    
Fair Value of Plan Assets at Beginning of Period 4.1 4.3
Acquisition 0.0 0.0
Net Sales 0.0 0.0
Net Gains (Losses) 0.5 0.1
Translation 0.6 (0.3)
Fair Value of Plan Assets at End of Period 5.2 4.1
Level 3 | Insurance Contracts    
Change in Fair Value of Plan Assets:    
Fair Value of Plan Assets at Beginning of Period 21.1 23.7
Acquisition 0.0 0.0
Net Sales (0.3) (0.3)
Net Gains (Losses) (1.7) (0.8)
Translation 2.7 (1.5)
Fair Value of Plan Assets at End of Period $ 21.8 $ 21.1
v3.25.4
Retirement Plans - Schedule of Expected Future Service Expected to be Paid (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Retirement Benefits [Abstract]  
2026 $ 40.1
2027 37.3
2028 37.5
2029 37.1
2030 36.9
2031-2035 $ 176.7
v3.25.4
Leases - Narrative (Details)
 12 Months Ended
Dec. 31, 2025
option
Lessee, Lease, Description [Line Items]  
Number of options to renew 1
Minimum  
Lessee, Lease, Description [Line Items]  
Lessee, renewal term 1 year
Maximum  
Lessee, Lease, Description [Line Items]  
Lessee, renewal term 25 years
v3.25.4
Leases - Schedule of Lease Cost (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating Lease Cost $ 54.4 $ 55.1 $ 56.1
Finance Lease Cost:      
Amortization of ROU Assets 4.8 3.6 3.2
Interest on Lease Liabilities 5.0 3.6 3.7
Total Lease Expense $ 64.2 $ 62.3 $ 63.0
v3.25.4
Leases - Schedule of Lease Maturities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Operating Leases    
2026 $ 47.6  
2027 37.8  
2028 26.0  
2029 17.2  
2030 14.4  
Thereafter 79.5  
Total Lease Payments 222.5  
Less: Interest $ (70.0)  
Finance lease, liability, statement of financial position [Extensible Enumeration] Less: Current Maturities, Non-Current Portion Less: Current Maturities, Non-Current Portion
Present Value of Lease Liabilities $ 152.5  
Finance Leases    
2026 11.3  
2027 11.5  
2028 10.5  
2029 9.8  
2030 9.3  
Thereafter 181.1  
Total Lease Payments 233.5  
Less: Interest (139.7)  
Present Value of Lease Liabilities 93.8 $ 70.1
Total    
2026 58.9  
2027 49.3  
2028 36.5  
2029 27.0  
2030 23.7  
Thereafter 260.6  
Total Lease Payments 456.0  
Less: Interest (209.7)  
Present Value of Lease Liabilities $ 246.3  
v3.25.4
Leases - Schedule of Supplemental Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating Cash Flows - Operating Leases $ 51.7 $ 51.4 $ 56.2
Operating Cash Flows - Finance Leases 5.0 3.6 3.7
Financing Cash Flows - Finance Leases 4.4 3.9 3.3
Leased Assets Obtained in Exchange for New Finance Lease Liabilities 26.8 3.9 0.6
Leased Assets Obtained in Exchange for New Operating Lease Liabilities $ 35.1 $ 22.8 $ 115.7
Weighted Average Remaining Lease Term (Years)      
Operating Leases 7 years 6 months 7 years 3 months 18 days 7 years 2 months 12 days
Finance Leases 19 years 2 months 12 days 14 years 9 months 18 days 16 years 1 month 6 days
Weighted Average Discount Rate      
Operating Leases 7.90% 8.10% 8.10%
Finance Leases 8.90% 5.20% 5.20%
v3.25.4
Shareholders' Equity - Narrative (Details)
 3 Months Ended 12 Months Ended
Mar. 27, 2023
USD ($)
Mar. 31, 2023
USD ($)
Dec. 31, 2025
USD ($)
criteria
$ / shares
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Oct. 26, 2021
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Stock repurchase program, authorized amount           $ 500,000,000.0
Stock acquired and retired (in shares) | shares     0 332,439 0  
Treasury stock acquired (in dollars per share) | $ / shares       $ 150.42    
Stock repurchased       $ 50,000,000.0    
Share-based compensation expense     $ 37,300,000 34,800,000 $ 58,200,000  
Income tax benefit recognized for share-based compensation     4,200,000 4,800,000 10,500,000  
Fair value of shares and options vested     37,500,000 46,200,000 35,400,000  
Unrecognized compensation cost related to share-based compensation     $ 37,500,000      
Share-based compensation expected to recognize over a weighted average period, years     1 year 6 months      
Granted (in shares) | shares     0      
SARs            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Award vesting period     3 years      
Expiration period     10 years      
Grants in period (in shares) | shares     0      
Restricted Stock Units (RSUs)            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Share-based compensation expected to recognize over a weighted average period, years     1 year 8 months 12 days      
Grants in period (in shares) | shares     216,773      
Stock based compensation     $ 19,800,000 $ 17,300,000 $ 24,700,000  
Compensation costs not yet recognized     $ 20,900,000      
Weighted average grant date fair value (in dollars per share) | $ / shares     $ 133.95 $ 165.10 $ 141.89  
Restricted Stock Units (RSUs) | Tranche three            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Share based compensation granted percentage     33.00%      
Restricted Stock Units (RSUs) | Tranche one            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Share based compensation granted percentage     33.00%      
Restricted Stock Units (RSUs) | Tranche two            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Share based compensation granted percentage     33.00%      
Options and SAR's            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Share-based compensation expected to recognize over a weighted average period, years     8 months 12 days      
Stock based compensation     $ 3,200,000 $ 5,100,000 $ 7,400,000  
Compensation costs not yet recognized     $ 2,000,000.0      
Restricted Stock            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Share-based compensation expected to recognize over a weighted average period, years     1 year 4 months 24 days      
Award vesting period     1 year      
Grants in period (in shares) | shares     0 0    
Stock based compensation     $ 100,000 $ 900,000 $ 2,300,000  
Compensation costs not yet recognized     $ 100,000      
Weighted average grant date fair value (in dollars per share) | $ / shares         $ 134.71  
Performance Share Units            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Share-based compensation expected to recognize over a weighted average period, years     1 year 3 months 18 days      
Award vesting period     3 years      
Grants in period (in shares) | shares     108,770      
Stock based compensation     $ 14,200,000 $ 11,500,000 $ 8,100,000  
Compensation costs not yet recognized     $ 14,500,000      
Weighted average grant date fair value (in dollars per share) | $ / shares     $ 139.54 $ 254.05 $ 235.77  
Potential payout as a percentage of target     100.00%      
Performance Shares, 2025            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Share based compensation arrangement, number of performance criteria | criteria     3      
Share-based compensation arrangement by share-based payment award, payout for revenue growth performance target, term     3 years      
Share-based compensation arrangement by share-based payment award, payout for revenue growth performance target, percentage     300.00%      
Performance Shares, 2025 | Minimum            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Share based compensation arrangement by share based payment award, payout for each performance target     0.00%      
Performance Shares, 2025 | Maximum            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Share based compensation arrangement by share based payment award, payout for each performance target     200.00%      
2023 Plan | Common Stock            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Authorized shares of common stock (in shares) | shares     5,600,000      
Share available for future grant or payment under the various plans (in shares) | shares     4,500,000      
Altra Merger Agreement            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Share-based payment arrangement, accelerated cost   $ 15,700,000        
Stock based compensation $ 23,100,000          
2019 Plan            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Share repurchase program, remaining authorized amount     $ 145,000,000.0      
v3.25.4
Shareholders' Equity - Schedule Of Share-Based Compensation Activity (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Cash Received from Stock Option Exercises $ 2.0 $ 4.9 $ 3.3
SARs      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Total Intrinsic Value of Share-Based Incentive Awards Exercised 7.2 22.0 6.2
Cash Received from Stock Option Exercises 2.0 4.9 2.5
Income Tax Benefit from the Exercise of Stock Options 5.8 21.2 5.3
Total Fair Value of Share-Based Incentive Awards Vested $ 8.3 $ 13.4 $ 10.9
v3.25.4
Shareholders' Equity - Schedule of Assumptions Used in Black Scholes valuation for Options and SAR's (Details) - SARs - $ / shares
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Per Share Weighted Average Fair Value of Grants (in dollars per share) $ 62.85 $ 54.20
Risk-Free Interest Rate 4.30% 4.10%
Expected Life (Years) 5 years 5 years
Expected Volatility 38.00% 35.80%
Expected Dividend Yield 0.80% 0.90%
v3.25.4
Shareholders' Equity - Schedule of Share-Based Incentive Plan Grant Activity (Details) - Options and SAR's
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
shares
Shares  
Outstanding, beginning balance (in shares) | shares 628,494
Exercised (in shares) | shares (110,758)
Forfeited (in shares) | shares (12,288)
Outstanding, ending balance (in shares) | shares 505,448
Exercisable, ending balance (in shares) | shares 418,480
Weighted Average Exercise Price  
Beginning balance (in dollars per share) | $ / shares $ 116.90
Exercised (in dollars per share) | $ / shares 77.15
Forfeited (in dollars per share) | $ / shares 162.14
Ending balance (in dollars per share) | $ / shares 124.58
Exercisable, end of period (in dollars per share) | $ / shares $ 116.77
Outstanding weighted average remaining contractual terms (years) 5 years 1 month 6 days
Exercisable weighted average remaining contractual term (years) 4 years 9 months 18 days
Outstanding aggregate intrinsic value | $ $ 12.4
Exercisable aggregate intrinsic value | $ $ 12.3
v3.25.4
Shareholders' Equity - Schedule of Other than Options (Details) - $ / shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Restricted Stock      
Shares      
Unvested shares, beginning balance (in shares) 1,991    
Granted (in shares) 0 0  
Vested (in shares) (934)    
Unvested shares, ending balance (in shares) 1,057 1,991  
Weighted Average Fair Value at Grant Date      
Beginning balance (in dollars per share) $ 136.77    
Granted (in dollars per share)     $ 134.71
Vested (in dollars per share) 136.77    
Ending balance (in dollars per share) $ 136.77 $ 136.77  
Weighted Average Remaining Contractual Term (years) 1 year 4 months 24 days 1 year 10 months 24 days  
Restricted Stock Units (RSUs)      
Shares      
Unvested shares, beginning balance (in shares) 242,173    
Granted (in shares) 216,773    
Vested (in shares) (108,542)    
Forfeited (in shares) (44,253)    
Unvested shares, ending balance (in shares) 306,151 242,173  
Weighted Average Fair Value at Grant Date      
Beginning balance (in dollars per share) $ 154.79    
Granted (in dollars per share) 133.95 $ 165.10 141.89
Vested (in dollars per share) 153.18    
Forfeited (in dollars per share) 143.54    
Ending balance (in dollars per share) $ 142.41 $ 154.79  
Weighted Average Remaining Contractual Term (years) 1 year 8 months 12 days 1 year 9 months 18 days  
Performance Share Units      
Shares      
Unvested shares, beginning balance (in shares) 142,086    
Granted (in shares) 108,770    
Vested (in shares) (33,691)    
Forfeited (in shares) (18,434)    
Unvested shares, ending balance (in shares) 198,731 142,086  
Weighted Average Fair Value at Grant Date      
Beginning balance (in dollars per share) $ 229.60    
Granted (in dollars per share) 139.54 $ 254.05 $ 235.77
Vested (in dollars per share) 150.85    
Forfeited (in dollars per share) 182.24    
Ending balance (in dollars per share) $ 194.65 $ 229.60  
Weighted Average Remaining Contractual Term (years) 1 year 3 months 18 days 1 year 9 months 18 days  
v3.25.4
Shareholders' Equity - Schedule of Assumptions Used in Monte Carlo Valuation for Performance Share Units (Details) - Performance Share Units
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Risk-Free Interest Rate 4.20% 4.50% 4.40%
Expected Life (Years) 3 years 3 years 3 years
Expected Volatility 38.00% 36.00% 41.00%
Expected Dividend Yield 0.00% 0.00% 0.00%
v3.25.4
Income Taxes - Schedule of Income (Loss) Before Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
US $ (72.5) $ (169.2) $ (389.5)
Foreign 425.0 417.2 387.9
Income (Loss) before Taxes $ 352.5 $ 248.0 $ (1.6)
v3.25.4
Income Taxes - Schedule of Provision for Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current      
US Federal $ 34.5 $ 45.9 $ 39.6
US State 7.5 10.0 6.4
Foreign 126.9 146.0 122.0
Total 168.9 201.9 168.0
Deferred      
US Federal (56.0) (89.6) (84.3)
US State (7.2) (15.3) (9.4)
Foreign (34.0) (47.4) (21.6)
Total (97.2) (152.3) (115.3)
Total      
US Federal (21.5) (43.7) (44.7)
US State 0.3 (5.3) (3.0)
Foreign 92.9 98.6 100.4
Income Tax Expense $ 71.7 $ 49.6 $ 52.7
v3.25.4
Income Taxes - Schedule of Reconciliation of the Federal Statutory Expense (Benefit) and the Income Tax Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
US federal statutory income tax rate $ 74.0 $ 52.1 $ (0.4)
Tax credits (14.3)    
Cross-border tax laws      
Foreign Inclusions 14.6    
Other (9.3)    
Other, domestic federal 0.9    
Foreign tax effects 5.0 (8.3) (10.8)
Other, adjustments 0.8 5.5 (8.4)
Income Tax Expense $ 71.7 $ 49.6 $ 52.7
Percent      
US federal statutory income tax rate 21.00%    
Tax credits (4.10%)    
Cross-border tax laws      
Foreign Inclusions 4.10%    
Other (2.60%)    
Other, domestic federal 0.30%    
Foreign tax effects 1.40%    
Other adjustments 0.20%    
Total 20.30%    
v3.25.4
Income Taxes - Schedule of Federal Statutory Expense (Benefit) and the Income Tax Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
Federal Statutory Expense (Benefit) $ 74.0 $ 52.1 $ (0.4)
State Income Taxes, Net of Federal Benefit   (3.2) (8.6)
Effect of Impairments and Divestitures   21.2 35.0
Foreign Rate Differential 5.0 (8.3) (10.8)
Research and Development Credit   (8.7) (8.7)
Valuation Allowance   (6.6) 4.3
Tax on Repatriation   5.3 25.8
Transaction Costs   0.0 6.9
US Tax on Foreign Operations   (6.6) 14.2
Deferred Tax Remeasurement   (1.1) 3.4
Other 0.8 5.5 (8.4)
Income Tax Expense $ 71.7 $ 49.6 $ 52.7
v3.25.4
Income Taxes - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Examination [Line Items]        
Deferred tax liabilities, net $ 716.4 $ 785.5    
Deferred tax assets 329.1 295.0    
Unrecognized tax benefits 4.2 4.2 $ 8.5 $ 5.7
Unrecognized tax benefits, interest on income taxes expense (0.2) (0.3) $ (0.1)  
Unrecognized tax benefits, accrued interest 0.5 0.7    
Net operating losses 12.4 14.8    
Tax effected operating loss carryforwards, subject to expiration 5.1      
Tax effected, operating loss carryforwards, not subject to expiration 7.3      
Valuation allowance 20.8 8.3    
Undistributed earnings of foreign subsidiaries 263.2      
Deferred tax liability for local withholding taxes, not recorded $ 21.1      
Minimum        
Income Tax Examination [Line Items]        
Tax effected net operating losses, expiration period 10 years      
Maximum        
Income Tax Examination [Line Items]        
Tax effected net operating losses, expiration period 30 years      
Deferred Income Tax Asset, Net        
Income Tax Examination [Line Items]        
Deferred tax assets $ 36.2 30.0    
Deferred Income Tax Liabilities, Net        
Income Tax Examination [Line Items]        
Deferred tax liabilities, net $ 752.6 $ 815.5    
v3.25.4
Income Taxes - Schedule of Deferred Tax Asset (Liability) (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Income Tax Disclosure [Abstract]    
Accrued Benefits $ 59.9 $ 53.1
Bad Debt Allowances 5.3 7.4
Warranty Accruals 6.4 7.6
Derivative Instruments 0.0 2.6
Inventory 36.3 33.7
Tax Loss Carryforward 12.4 14.8
Operating Lease Liability 60.3 56.5
Deferred Interest 116.2 92.6
Other 53.1 35.0
Deferred Tax Assets before Valuation Allowance 349.9 303.3
Valuation Allowance (20.8) (8.3)
Total Deferred Tax Assets 329.1 295.0
Property Related (81.4) (83.3)
Intangible Items (891.4) (936.4)
Accrued Liabilities (17.0) (11.8)
Derivative Instruments (5.5) 0.0
Operating Lease Asset (50.2) (49.0)
Deferred Tax Liabilities (1,045.5) (1,080.5)
Net Deferred Tax Liability $ (716.4) $ (785.5)
v3.25.4
Income Taxes - Schedule of Unrecognized Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Unrecognized Tax Benefits [Roll Forward]      
Unrecognized tax benefits - beginning of year $ 4.2 $ 8.5 $ 5.7
Gross Increases from Current Period Tax Positions 1.5 0.8 0.3
Gross Increases from Acquisitions     3.8
Acquisition Measurement Period Adjustment   (2.8)  
Lapse of Statute of Limitations (1.5) (2.3) (1.3)
Unrecognized tax benefits - end of year $ 4.2 $ 4.2 $ 8.5
v3.25.4
Income Taxes - Schedule of Income Taxes Paid (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Paid, by Individual Jurisdiction [Line Items]      
US Federal $ 25.8    
US State and Local 7.4    
Total Foreign 155.5    
Total 188.7 $ 177.1 $ 206.9
Canada      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total Foreign 17.8    
China      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total Foreign 19.7    
Germany      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total Foreign 18.2    
India      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total Foreign 19.8    
Mexico      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total Foreign 19.1    
Netherlands      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total Foreign 10.7    
Switzerland      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total Foreign 11.5    
Other      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total Foreign $ 38.7    
v3.25.4
Contingencies - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
subsidiary
Commitments and Contingencies Disclosure [Abstract]  
Threshold for disclosing material environmental legal proceedings | $ $ 1
Number of subsidiaries involved in litigation | subsidiary 1
v3.25.4
Contingencies - Schedule of Changes in Accrued Warranty Costs (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Movement in Standard Product Warranty Accrual [Roll Forward]    
Beginning Balance $ 33.4 $ 34.5
Less: Payments 28.8 21.9
Provisions 22.2 21.5
Translation Adjustments 3.8 (0.7)
Ending Balance $ 30.6 $ 33.4
v3.25.4
Derivative Financial Instruments - Narrative (Details)
 1 Months Ended 12 Months Ended
Jun. 30, 2025
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
May 31, 2022
USD ($)
derivativeInstrument
Jun. 30, 2020
USD ($)
derivativeInstrument
Derivative [Line Items]            
Derivative gains (losses), net of tax     $ 3,800,000 $ (800,000)    
AOCI balance related to hedging activities of loss     16,300,000      
Net current deferred losses expected to be realized     $ 15,200,000      
Foreign Exchange Forward            
Derivative [Line Items]            
Number of derivative instruments | derivativeInstrument         2 2
Notional amount of derivative         $ 250,000,000.0 $ 250,000,000.0
Proceeds from derivative instrument   $ 16,200,000        
Gain from termination of derivative instrument $ 3,100,000          
v3.25.4
Derivative Financial Instruments - Schedule of Notional Amounts (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
May 31, 2022
Jun. 30, 2020
Foreign Exchange Forward        
Derivative [Line Items]        
Notional amount of derivative     $ 250,000,000.0 $ 250,000,000.0
Foreign Exchange Forward | Euro        
Derivative [Line Items]        
Notional amount of derivative $ 753,900,000 $ 1,221,500,000    
Foreign Exchange Forward | Mexican Peso        
Derivative [Line Items]        
Notional amount of derivative 375,400,000 233,200,000    
Foreign Exchange Forward | Chinese Renminbi        
Derivative [Line Items]        
Notional amount of derivative 586,400,000 359,500,000    
Foreign Exchange Forward | Indian Rupee        
Derivative [Line Items]        
Notional amount of derivative 44,800,000 23,000,000.0    
Foreign Exchange Forward | Canadian Dollar        
Derivative [Line Items]        
Notional amount of derivative 147,300,000 52,200,000    
Foreign Exchange Forward | Australian Dollar        
Derivative [Line Items]        
Notional amount of derivative 6,100,000 0    
Foreign Exchange Forward | British Pound        
Derivative [Line Items]        
Notional amount of derivative 16,900,000 6,100,000    
Copper | Commodity Forwards        
Derivative [Line Items]        
Notional amount of derivative $ 78,300,000 $ 41,700,000    
v3.25.4
Derivative Financial Instruments - Schedule of Fair Values of Derivative Instruments (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Derivative [Line Items]    
Derivative asset, current $ 20.7 $ 1.1
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration] Prepaid Expense and Other Assets, Current Prepaid Expense and Other Assets, Current
Derivative asset, noncurrent $ 1.6 $ 5.5
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other Assets, Noncurrent Other Assets, Noncurrent
Derivative liability, current $ 3.3 $ 18.0
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration] Other Accrued Liabilities, Current Other Accrued Liabilities, Current
Designated As Hedging Instruments | Interest Rate Swap Contracts    
Derivative [Line Items]    
Derivative asset, current   $ 0.0
Derivative asset, noncurrent   5.5
Derivative liability, current   0.0
Designated As Hedging Instruments | Currency Contracts    
Derivative [Line Items]    
Derivative asset, current $ 6.0 0.1
Derivative asset, noncurrent 0.5 0.0
Derivative liability, current 0.3 8.0
Designated As Hedging Instruments | Commodity Contracts    
Derivative [Line Items]    
Derivative asset, current 9.5 0.1
Derivative asset, noncurrent 1.1 0.0
Derivative liability, current 0.4 4.4
Not Designated As Hedging Instruments | Currency Contracts    
Derivative [Line Items]    
Derivative asset, current 5.2 0.9
Derivative asset, noncurrent 0.0 0.0
Derivative liability, current $ 2.6 $ 5.6
v3.25.4
Derivative Financial Instruments - Schedule of Effect on Income and Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivative [Line Items]      
Gain (Loss) Recognized in Other Comprehensive Income (Loss) $ 3.8 $ (0.8)  
Cash Flow Hedging | Designated As Hedging Instruments      
Derivative [Line Items]      
Gain (Loss) Recognized in Other Comprehensive Income (Loss) 28.9 (18.6) $ 28.2
Cash Flow Hedging | Designated As Hedging Instruments | Cost of Sales      
Derivative [Line Items]      
Amounts reclassified from other comprehensive income (loss) (5.9) 21.0 7.2
Cash Flow Hedging | Designated As Hedging Instruments | Interest Expense      
Derivative [Line Items]      
Amounts reclassified from other comprehensive income (loss) 6.1 5.6 5.9
Cash Flow Hedging | Designated As Hedging Instruments | Commodity Forwards      
Derivative [Line Items]      
Gain (Loss) Recognized in Other Comprehensive Income (Loss) 16.5 (4.5) (0.5)
Cash Flow Hedging | Designated As Hedging Instruments | Commodity Forwards | Cost of Sales      
Derivative [Line Items]      
Amounts reclassified from other comprehensive income (loss) (0.6) (1.3) (13.6)
Cash Flow Hedging | Designated As Hedging Instruments | Commodity Forwards | Interest Expense      
Derivative [Line Items]      
Amounts reclassified from other comprehensive income (loss) 0.0 0.0 0.0
Cash Flow Hedging | Designated As Hedging Instruments | Currency Forwards      
Derivative [Line Items]      
Gain (Loss) Recognized in Other Comprehensive Income (Loss) 14.8 (14.3) 31.2
Cash Flow Hedging | Designated As Hedging Instruments | Currency Forwards | Cost of Sales      
Derivative [Line Items]      
Amounts reclassified from other comprehensive income (loss) (5.3) 22.3 20.8
Cash Flow Hedging | Designated As Hedging Instruments | Currency Forwards | Interest Expense      
Derivative [Line Items]      
Amounts reclassified from other comprehensive income (loss) 0.0 0.0 0.0
Cash Flow Hedging | Designated As Hedging Instruments | Interest Rate Swap Contracts      
Derivative [Line Items]      
Gain (Loss) Recognized in Other Comprehensive Income (Loss) (2.4) 0.2 (2.5)
Cash Flow Hedging | Designated As Hedging Instruments | Interest Rate Swap Contracts | Cost of Sales      
Derivative [Line Items]      
Amounts reclassified from other comprehensive income (loss) 0.0 0.0 0.0
Cash Flow Hedging | Designated As Hedging Instruments | Interest Rate Swap Contracts | Interest Expense      
Derivative [Line Items]      
Amounts reclassified from other comprehensive income (loss) 6.1 5.6 5.9
Cash Flow Hedging | Not Designated As Hedging Instruments | Cost of Sales      
Derivative [Line Items]      
Amounts reclassified from other comprehensive income (loss)     0.3
Cash Flow Hedging | Not Designated As Hedging Instruments | Operating Expenses      
Derivative [Line Items]      
Amounts reclassified from other comprehensive income (loss) 10.8 4.6 (17.8)
Cash Flow Hedging | Not Designated As Hedging Instruments | Commodity Forwards | Cost of Sales      
Derivative [Line Items]      
Amounts reclassified from other comprehensive income (loss)     0.3
Cash Flow Hedging | Not Designated As Hedging Instruments | Commodity Forwards | Operating Expenses      
Derivative [Line Items]      
Amounts reclassified from other comprehensive income (loss) 0.0 0.0 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) $ 10.8 $ 4.6 $ (17.8)
v3.25.4
Derivative Financial Instruments - Schedule of Derivatives Under Enforceable Master Netting Agreements (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Offsetting Derivative Assets [Abstract]    
Gross Amounts as Presented in the Consolidated Balance Sheet $ 22.3 $ 6.6
Derivative Contract Amounts Subject to Right of Offset (2.2) (1.1)
Derivative Contracts as Presented on a Net Basis 20.1 5.5
Offsetting Derivative Liabilities [Abstract]    
Gross Amounts as Presented in the Consolidated Balance Sheet 3.3 18.0
Derivative Contract Amounts Subject to Right of Offset (2.2) (1.1)
Derivative Contracts as Presented on a Net Basis $ 1.1 $ 16.9
v3.25.4
Fair Value (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative asset, current $ 20.7 $ 1.1
Derivative asset, noncurrent 1.6 5.5
Derivative liability, current 3.3 18.0
Derivative Currency Contracts | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative asset, current 11.2 1.0
Derivative asset, noncurrent 0.5 0.0
Derivative liability, current 2.9 13.6
Derivative Commodity Contracts | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative asset, current 9.5 0.1
Derivative asset, noncurrent 1.1 0.0
Derivative liability, current 0.4 4.4
Interest Rate Swap | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative asset, noncurrent 0.0 5.5
Assets Held in Rabbi Trust | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative asset, noncurrent $ 16.8 $ 14.6
v3.25.4
Restructuring Activities - Schedule of Restructuring Reserve (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Restructuring Reserve [Roll Forward]    
Beginning Balance $ 16.3 $ 29.1
Provision 24.5 41.3
Less: Payments 32.1 54.1
Ending Balance $ 8.7 $ 16.3
v3.25.4
Restructuring Activities - Schedule of Reconciliation of Expenses by Type (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]      
Restructuring costs $ 26.3 $ 44.1 $ 61.5
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Sales, Operating Expenses Cost of Sales, Operating Expenses Cost of Sales, Operating Expenses
Total restructuring and restructuring-related costs $ 26.3 $ 44.1 $ 61.5
Automation & Motion Control      
Restructuring Cost and Reserve [Line Items]      
Total restructuring and restructuring-related costs 3.0 10.1 3.2
Industrial Powertrain Solutions      
Restructuring Cost and Reserve [Line Items]      
Total restructuring and restructuring-related costs 20.1 21.7 27.0
Power Efficiency Solutions      
Restructuring Cost and Reserve [Line Items]      
Total restructuring and restructuring-related costs 3.2 11.3 30.4
Industrial Systems      
Restructuring Cost and Reserve [Line Items]      
Total restructuring and restructuring-related costs 0.0 1.0 0.9
Severance Expense      
Restructuring Cost and Reserve [Line Items]      
Restructuring costs 17.7 25.9 27.3
Facility Related Costs      
Restructuring Cost and Reserve [Line Items]      
Restructuring costs 7.8 9.3 25.8
Other Expenses      
Restructuring Cost and Reserve [Line Items]      
Restructuring costs 0.8 8.9 8.4
Cost of Sales      
Restructuring Cost and Reserve [Line Items]      
Restructuring costs 11.5 25.5 45.4
Cost of Sales | Severance Expense      
Restructuring Cost and Reserve [Line Items]      
Restructuring costs 6.0 11.2 12.1
Cost of Sales | Facility Related Costs      
Restructuring Cost and Reserve [Line Items]      
Restructuring costs 4.9 7.8 25.5
Cost of Sales | Other Expenses      
Restructuring Cost and Reserve [Line Items]      
Restructuring costs 0.6 6.5 7.8
Operating Expenses      
Restructuring Cost and Reserve [Line Items]      
Restructuring costs 14.8 18.6 16.1
Operating Expenses | Severance Expense      
Restructuring Cost and Reserve [Line Items]      
Restructuring costs 11.7 14.7 15.2
Operating Expenses | Facility Related Costs      
Restructuring Cost and Reserve [Line Items]      
Restructuring costs 2.9 1.5 0.3
Operating Expenses | Other Expenses      
Restructuring Cost and Reserve [Line Items]      
Restructuring costs $ 0.2 $ 2.4 $ 0.6
v3.25.4
Restructuring Activities - Narrative (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Restructuring and Related Activities [Abstract]  
Expected future restructuring charges $ 27.0
v3.25.4
Schedule II Valuation and Qualifying Accounts (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disposal Group, Held-for-Sale, Not Discontinued Operations | Industrial Motors and Generators Businesses      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Purchase accounting adjustment and translation     $ 5.8
Allowance For Receivables      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance Beginning of Year $ 29.9 $ 30.3 30.9
Charged to Expenses 0.2 3.4 (0.4)
Deductions (7.3) (3.8) (4.1)
Adjustments (12.3) 0.0 3.9
Balance End of Year $ 10.5 $ 29.9 $ 30.3