Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Segment

The following tables provide disaggregated revenue by reportable segment for the three month periods ended March 31, 2022 and 2021.

	For the Three Month Period Ended March 31, 2022
	Industrial Technologies and Services		Precision and Science Technologies		Total
Primary Geographic Markets
United States	$	414.8	$	134.3	$	549.1
Other Americas	73.3		8.5		81.8
Total Americas	488.1		142.8		630.9
EMEIA	331.8		109.7		441.5
Asia Pacific	219.7		44.9		264.6
Total	$	1,039.6	$	297.4	$	1,337.0
Product Categories
Original equipment	$	614.2	$	239.0	$	853.2
Aftermarket	425.4		58.4		483.8
Total	$	1,039.6	$	297.4	$	1,337.0
Pattern of Revenue Recognition
Revenue recognized at point in time(1)	$	956.6	$	295.5	$	1,252.1
Revenue recognized over time(2)	83.0		1.9		84.9
Total	$	1,039.6	$	297.4	$	1,337.0

	For the Three Month Period Ended March 31, 2021
	Industrial Technologies and Services		Precision and Science Technologies		Total
Primary Geographic Markets
United States	$	353.1	$	98.1	$	451.2
Other Americas	60.2		3.5		63.7
Total Americas	413.3		101.6		514.9
EMEIA	319.4		80.1		399.5
Asia Pacific	181.1		34.0		215.1
Total	$	913.8	$	215.7	$	1,129.5
Product Categories
Original equipment	$	528.7	$	178.7	$	707.4
Aftermarket	385.1		37.0		422.1
Total	$	913.8	$	215.7	$	1,129.5
Pattern of Revenue Recognition
Revenue recognized at point in time(1)	$	847.9	$	214.8	$	1,062.7
Revenue recognized over time(2)	65.9		0.9		66.8
Total	$	913.8	$	215.7	$	1,129.5

(1)Revenues from short and long duration product and service contracts recognized at a point in time when control is transferred to the customer generally when product delivery has occurred and services have been rendered.

(2)Revenues primarily from long duration ETO product contracts and certain contracts for delivery of a significant volume of substantially similar products recognized over time as contractual performance obligations are completed.

Schedule of Contract Balances

The following table provides the contract balances as of March 31, 2022 and December 31, 2021 presented in the Condensed Consolidated Balance Sheets.

	March 31, 2022		December 31, 2021
Accounts receivable, net	$	1,013.9	$	948.6
Contract assets	66.9		60.8
Contract liabilities	266.6		243.5

Schedule of Allowance for Credit Losses

The allowance for credit losses for the three month periods ended March 31, 2022 and 2021 consisted of the following.

	For the Three Month Period Ended March 31,
	2022		2021
Balance at beginning of the period	$	42.3	$	50.9
Provision charged to expense	2.0		0.3
Write-offs, net of recoveries	(0.5)		(1.0)
Foreign currency translation and other	(0.1)		(1.0)
Balance at end of the period	$	43.7	$	49.2