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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance Table


	PEO (Mr. Pine in 2024 \| Mr. Decker in 2020-2023)												Non-PEO NEOs										Value of Initial Fixed $100 Investment Based On:
Year (a)	Summary Compensation Table ($)(1) (b)					Compensation Actually Paid (CAP) ($)(2) (c)						Average Summary Compensation Table ($) (3) (d)					Average Compensation Actually Paid (CAP) ($) (4) (e)						Total Shareholder Return ($) (5) (f)					Peer Group Shareholder Return ($) (6) (g)					Net Income ($M) (7) (h)					Revenue ($M) (8) (i)
2024			10,579,577					9,471,329						3,007,865					2,849,789						156					176					890					8,562
2023			10,825,450					9,674,561						3,517,747					3,580,946						152					150					609					7,364
2022			10,148,865					7,158,884						2,564,752					2,074,148		[9]				145					127					355					5,522
2021			10,441,670					13,341,645						2,665,368					4,140,678		[9]				156					135					427					5,195
2020			8,830,352					18,812,821						3,105,833					5,162,622		[9]				131					111					254					4,876

(1)

The dollar amounts reported in column (b) are the amounts reported for Mr. Pine and Mr. Decker (the Company’s CEO in 2020-2023) for each of the corresponding years in the “Total” column of the Summary Compensation Table ("SCT").

(2)

The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Pine and Mr. Decker, as computed in accordance with Item 402(v) of Regulation S-K and do not reflect the total compensation actually realized or received by Mr. Pine and Mr. Decker. In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the SCT for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718.


Compensation Actually Paid to PEO ($M)		2024			2023			2022			2021			2020
SCT Total		10,580			10,825			10,149			10,442			8,830
Less, value of “Stock Awards” and “Option Awards” reported in SCT		7,184			6,893			5,969			7,725			6,465
Plus, year-end fair value of outstanding and unvested equity awards granted in the year		5,832			7,889			9,548			9,459			9,333
Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years		(72)			(301)			(1,983)			2,297			4,256
Plus (less), change in fair value of equity awards granted in prior years that vested in the year		316			(1,845)			(4,587)			(1,131)			2,859
Compensation Actually Paid to PEO		9,471			9,675			7,159			13,342			18,813

(3)

The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Pine or Mr. Decker as CEO) in the “Total” column of the SCT in each applicable year. The names of each of the NEOs included for these purposes in each applicable year are as follows: (i) for 2024, Mr. Grogan, Ms. Emmerich, Mr. Yarkadas, and Mr. Aulick (ii) for 2023, Mr. Grogan, Mr. Pine (as COO), Mr. Yarkadas, Mr. Franz Cerwinka (former SVP and President, AW), and Ms. Sandra Rowland (former CFO); (iii) for 2022, Ms. Rowland, Ms. Capers, Mr. Yarkadas, and Mr. Pine (as SVP and President, Americas and Measurement and Control Solutions ("MCS")); (iv) for 2021, Ms. Rowland, Mr. Colin Sabol (former SVP and President, MCS), Mr. Pine (as SVP and President, AW), and Mr. Yarkadas; and (v) for 2020, Ms. Rowland, Mr. Pine, Mr. Sabol, Mr. Yarkadas, and Mr. E. Mark Rajkowski (former CFO).

(4)

The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Pine or Mr. Decker as CEO), as computed in accordance with Item 402(v) of Regulation S-K. In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the SCT for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718.


Compensation Actually Paid to Non-PEO NEOs ($M)		2024			2023			2022			2021			2020
Average SCT Total		3,008			3,518			2,565			2,665			3,106
Less, average value of “Stock Awards” and “Option Awards” reported in SCT		1,569			2,015			1,209			1,577			2,274
Plus, average year-end fair value of outstanding and unvested equity awards granted in the year		1,255			2,379			1,908			1,898			4,583
Plus (less), average year over year change in fair value of outstanding and unvested equity awards granted in prior years		73			(44)			(436)			1,024			391
Plus (less), average change in fair value of equity awards granted in prior years that vested in the year		83			(256)			(753)			130			241
Less, average prior year-end fair value for any equity awards forfeited in the year		—			—			—			—			885
Average Compensation Actually Paid to Non-PEO NEOs		2,850			3,581			2,074			4,141			5,163

(5)

Total Shareholder Return (TSR) is calculated by dividing (a) the sum of (i) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (ii) the difference between the Company’s share price at the end of each fiscal year shown and the beginning of the measurement period, by (b) the Company’s share price at the beginning of the measurement period. The beginning of the measurement period for each year in the table is December 31, 2019.

(6)

The peer group used for this purpose is the S&P 500 Industrials Index.

(7)

The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.

(8)

The dollar amounts reported represent the amount of Revenue reflected in the Company’s audited financial statements for the applicable year.

Company Selected Measure Name

Revenue

Named Executive Officers, Footnote

(1)

The dollar amounts reported in column (b) are the amounts reported for Mr. Pine and Mr. Decker (the Company’s CEO in 2020-2023) for each of the corresponding years in the “Total” column of the Summary Compensation Table ("SCT").

(3)

The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Pine or Mr. Decker as CEO) in the “Total” column of the SCT in each applicable year. The names of each of the NEOs included for these purposes in each applicable year are as follows: (i) for 2024, Mr. Grogan, Ms. Emmerich, Mr. Yarkadas, and Mr. Aulick (ii) for 2023, Mr. Grogan, Mr. Pine (as COO), Mr. Yarkadas, Mr. Franz Cerwinka (former SVP and President, AW), and Ms. Sandra Rowland (former CFO); (iii) for 2022, Ms. Rowland, Ms. Capers, Mr. Yarkadas, and Mr. Pine (as SVP and President, Americas and Measurement and Control Solutions ("MCS")); (iv) for 2021, Ms. Rowland, Mr. Colin Sabol (former SVP and President, MCS), Mr. Pine (as SVP and President, AW), and Mr. Yarkadas; and (v) for 2020, Ms. Rowland, Mr. Pine, Mr. Sabol, Mr. Yarkadas, and Mr. E. Mark Rajkowski (former CFO).

Peer Group Issuers, Footnote

The peer group used for this purpose is the S&P 500 Industrials Index.

PEO Total Compensation Amount

$ 10,579,577

$ 10,825,450

$ 10,148,865

$ 10,441,670

$ 8,830,352

PEO Actually Paid Compensation Amount

$ 9,471,329

9,674,561

7,158,884

13,341,645

18,812,821

Adjustment To PEO Compensation, Footnote

(2)

The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Pine and Mr. Decker, as computed in accordance with Item 402(v) of Regulation S-K and do not reflect the total compensation actually realized or received by Mr. Pine and Mr. Decker. In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the SCT for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718.


Compensation Actually Paid to PEO ($M)		2024			2023			2022			2021			2020
SCT Total		10,580			10,825			10,149			10,442			8,830
Less, value of “Stock Awards” and “Option Awards” reported in SCT		7,184			6,893			5,969			7,725			6,465
Plus, year-end fair value of outstanding and unvested equity awards granted in the year		5,832			7,889			9,548			9,459			9,333
Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years		(72)			(301)			(1,983)			2,297			4,256
Plus (less), change in fair value of equity awards granted in prior years that vested in the year		316			(1,845)			(4,587)			(1,131)			2,859
Compensation Actually Paid to PEO		9,471			9,675			7,159			13,342			18,813

Non-PEO NEO Average Total Compensation Amount

$ 3,007,865

3,517,747

2,564,752

2,665,368

3,105,833

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,849,789

3,580,946

2,074,148

4,140,678

5,162,622

Adjustment to Non-PEO NEO Compensation Footnote

(4)

The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Pine or Mr. Decker as CEO), as computed in accordance with Item 402(v) of Regulation S-K. In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the SCT for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718.


Compensation Actually Paid to Non-PEO NEOs ($M)		2024			2023			2022			2021			2020
Average SCT Total		3,008			3,518			2,565			2,665			3,106
Less, average value of “Stock Awards” and “Option Awards” reported in SCT		1,569			2,015			1,209			1,577			2,274
Plus, average year-end fair value of outstanding and unvested equity awards granted in the year		1,255			2,379			1,908			1,898			4,583
Plus (less), average year over year change in fair value of outstanding and unvested equity awards granted in prior years		73			(44)			(436)			1,024			391
Plus (less), average change in fair value of equity awards granted in prior years that vested in the year		83			(256)			(753)			130			241
Less, average prior year-end fair value for any equity awards forfeited in the year		—			—			—			—			885
Average Compensation Actually Paid to Non-PEO NEOs		2,850			3,581			2,074			4,141			5,163

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid, Cumulative TSR and Peer Group TSR

Compensation Actually Paid vs. Net Income

Compensation Actually Paid and Net Income

Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid and Revenue

Total Shareholder Return Vs Peer Group

Compensation Actually Paid, Cumulative TSR and Peer Group TSR

Tabular List, Table

As described in greater detail in the CD&A section, the Company’s executive compensation program reflects a variable pay-for-performance philosophy. The metrics that the Company uses for both our long-term and short-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our shareholders. The most important additional financial and non-financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:


Financial Performance Metrics		Non-Financial Performance Metrics
Revenue			Organizational Simplification
Adjusted EBITDA		High-Impact Culture Activation
Free Cash Flow %		80/20 Rollout

Total Shareholder Return Amount

$ 156

152

145

156

131

Peer Group Total Shareholder Return Amount

176

150

127

135

111

Net Income (Loss)

$ 890,000,000

$ 609,000,000

$ 355,000,000

$ 427,000,000

$ 254,000,000

Company Selected Measure Amount

8,562,000,000

7,364,000,000

5,522,000,000

5,195,000,000

4,876,000,000

Mr. Pine

Mr. Decker

Mr. Decker

Mr. Decker

Mr. Decker

Pay vs Performance Disclosure

Revenue

Pay vs Performance Disclosure

Adjusted EBITDA

Pay vs Performance Disclosure

Free Cash Flow %

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (7,184,000)

$ (6,893,000)

$ (5,969,000)

$ (7,725,000)

$ (6,465,000)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

5,832,000

7,889,000

9,548,000

9,459,000

9,333,000

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(72,000)

(301,000)

(1,983,000)

2,297,000

4,256,000

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

316,000

(1,845,000)

(4,587,000)

(1,131,000)

2,859,000

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,569,000)

(2,015,000)

(1,209,000)

(1,577,000)

(2,274,000)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,255,000

2,379,000

1,908,000

1,898,000

4,583,000

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

73,000

(44,000)

(436,000)

1,024,000

391,000

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 83,000

$ (256,000)

$ (753,000)

$ 130,000

241,000

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (885,000)