v3.24.1.u1
Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for the three months ended March 31, 2024 were as follows:
Engineered BearingsIndustrial MotionTotal
Beginning balance$692.3 $677.3 $1,369.6 
Foreign currency translation adjustments and other changes3.5 (20.2)(16.7)
Ending balance$695.8 $657.1 $1,352.9 
Schedule of Finite-Lived Intangible Assets
The following table displays intangible assets as of March 31, 2024 and December 31, 2023:
 Balance at March 31, 2024Balance at December 31, 2023
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Intangible assets
subject to amortization:
Customer relationships$768.1 $(232.7)$535.4 $776.5 $(222.8)$553.7 
Technology and know-how342.0 (105.1)236.9 343.3 (100.9)242.4 
Trade names104.3 (13.1)91.2 71.3 (11.2)60.1 
Capitalized software298.9 (272.1)26.8 299.5 (272.8)26.7 
Other11.3 (8.9)2.4 10.8 (8.7)2.1 
$1,524.6 $(631.9)$892.7 $1,501.4 $(616.4)$885.0 
Intangible assets not subject to amortization:
Trade names$88.7 $88.7 $137.7 $137.7 
FAA air agency certificates8.7 8.7 8.7 8.7 
$97.4 $97.4 $146.4 $146.4 
Total intangible assets$1,622.0 $(631.9)$990.1 $1,647.8 $(616.4)$1,031.4 
Schedule of Indefinite-Lived Intangible Assets
The following table displays intangible assets as of March 31, 2024 and December 31, 2023:
 Balance at March 31, 2024Balance at December 31, 2023
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Intangible assets
subject to amortization:
Customer relationships$768.1 $(232.7)$535.4 $776.5 $(222.8)$553.7 
Technology and know-how342.0 (105.1)236.9 343.3 (100.9)242.4 
Trade names104.3 (13.1)91.2 71.3 (11.2)60.1 
Capitalized software298.9 (272.1)26.8 299.5 (272.8)26.7 
Other11.3 (8.9)2.4 10.8 (8.7)2.1 
$1,524.6 $(631.9)$892.7 $1,501.4 $(616.4)$885.0 
Intangible assets not subject to amortization:
Trade names$88.7 $88.7 $137.7 $137.7 
FAA air agency certificates8.7 8.7 8.7 8.7 
$97.4 $97.4 $146.4 $146.4 
Total intangible assets$1,622.0 $(631.9)$990.1 $1,647.8 $(616.4)$1,031.4