Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Revenue and earnings from continuing operations by market segment

	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Revenue:
Engineered Systems	$	645,832		$	570,562		$	1,908,897		$	1,739,989
Fluids	562,818			412,822			1,641,272			1,217,722
Refrigeration & Food Equipment	438,788			451,328			1,221,926			1,243,966
Energy	359,298			273,248			1,042,554			815,486
Intra-segment eliminations	(461		)	(197		)	(1,651		)	(782		)
Total consolidated revenue	$	2,006,275		$	1,707,763		$	5,812,998		$	5,016,381
Earnings:
Segment earnings: (1)
Engineered Systems	$	98,348		$	97,240		$	379,566		$	295,022
Fluids	87,164			66,178			213,361			166,258
Refrigeration & Food Equipment	65,413			64,111			164,804			165,502
Energy	51,936			13,279			146,995			24,448
Total segment earnings	302,861			240,808			904,726			651,230
Corporate expense / other (2)	31,741			26,638			102,420			81,066
Interest expense	35,453			33,789			108,794			100,886
Interest income	(1,761		)	(795		)	(6,679		)	(4,021		)
Earnings before provision for income taxes	237,428			181,176			700,191			473,299
Provision for income taxes	58,516			51,092			184,974			125,569
Net earnings	$	178,912		$	130,084		$	515,217		$	347,730

(1) Segment earnings includes non-operating income and expense directly attributable to the segments. Non-operating income and expense includes gain on sale of businesses and other expense (income), net.

(2) Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services costs and various administrative expenses relating to the corporate headquarters.