Segment Information (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Revenue and earnings from continuing operations by market segment

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Revenue:
Engineered Systems	$	702,989		$	678,285		$	1,374,615		$	1,307,157
Fluids	693,666			633,252			1,321,764			1,230,897
Refrigeration & Food Equipment	401,766			426,304			740,001			783,138
Intra-segment eliminations	(327		)	(470		)	(615		)	(611		)
Total consolidated revenue	$	1,798,094		$	1,737,371		$	3,435,765		$	3,320,581
Earnings from continuing operations:
Segment earnings: (1)
Engineered Systems	$	126,649		$	110,103		$	228,715		$	287,310
Fluids	93,028			91,465			160,376			158,637
Refrigeration & Food Equipment	51,372			65,829			80,554			99,391
Total segment earnings	271,049			267,397			469,645			545,338
Corporate expense / other (2)	30,050			34,818			60,813			72,100
Interest expense	32,125			36,854			67,765			73,213
Interest income	(2,563		)	(2,335		)	(4,620		)	(4,910		)
Earnings before provision for income taxes and discontinued operations	211,437			198,060			345,687			404,935
Provision for income taxes	44,981			55,585			69,822			107,372
Earnings from continuing operations	$	166,456		$	142,475		$	275,865		$	297,563

(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.