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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2019
Defined Benefit Plan [Abstract]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
The following tables summarize the Consolidated Balance Sheets impact, including the benefit obligations, assets and funded status associated with the Company's significant defined benefit and other post-retirement benefit plans at December 31, 2019 and 2018:
 
Qualified Defined Benefits
Non-Qualified Supplemental Benefits
Other Post-Retirement Benefits
 
U.S. Plan
Non-U.S. Plans
 20192018201920182019201820192018
Change in benefit obligation:        
Benefit obligation at beginning of year$447,173  $566,389  $270,329  $278,188  $66,836  $106,012  $7,849  $8,595  
Service cost
7,016  9,019  5,665  5,359  1,942  2,624  19  30  
Interest cost19,026  20,756  5,101  4,962  2,670  3,204  312  290  
Plan participants' contributions—  —  1,681  1,279  —  —  —  —  
Benefits paid(38,093) (18,172) (9,298) (8,161) (13,617) (19,352) (572) (620) 
Actuarial (gain) loss
55,105  (48,104) 24,791  (19,533) 2,352  (7,687) 462  (446) 
Amendments—  69  —  3,073  —  —  —  —  
Settlements and curtailments—  (78,896) (5,412) (1,813) —  (2,289) —  —  
Currency translation and other1  —  3,677  21,554  —  —  —  —  
Spin-off of Apergy—  (3,888) —  (14,579) —  (15,676) —  —  
Benefit obligation at end of year490,228  447,173  296,534  270,329  60,183  66,836  8,070  7,849  
Change in plan assets:        
Fair value of plan assets at beginning of year488,900  617,840  162,589  175,534  —  —  —  —  
Actual return (loss) on plan assets99,431  (32,939) 23,812  (8,490) —  —  —  —  
Company contributions—  —  7,247  5,961  13,617  19,352  572  620  
Plan participants' contributions—  —  1,681  1,279  —  —  —  —  
Benefits paid(38,093) (18,172) (9,298) (8,161) (13,617) (19,352) (572) (620) 
Settlements and curtailments—  (74,016) (4,350) (1,472) —  —  —  —  
Currency translation and other—  —  3,909  11,223  —  —  —  —  
Spin-off of Apergy—  (3,813) —  (13,285) —  —  —  —  
Fair value of plan assets at end of year550,238  488,900  185,590  162,589  —  —  —  —  
Funded (Unfunded) status
$60,010  $41,727  $(110,944) $(107,740) $(60,183) $(66,836) $(8,070) $(7,849) 
Amounts recognized in the consolidated balance sheets consist of:
      
Assets and Liabilities:        
Other assets and deferred charges$60,010  $41,727  $671  $919  $—  $—  $—  $—  
Accrued compensation and employee benefits—  —  (1,526) (1,493) (12,500) (13,219) (692) (702) 
Other liabilities (deferred compensation)—  —  (110,089) (107,166) (47,683) (53,617) (7,378) (7,147) 
Total assets and liabilities
60,010  41,727  (110,944) (107,740) (60,183) (66,836) (8,070) (7,849) 
Accumulated Other Comprehensive Loss (Earnings):
Net actuarial losses (gains)71,247  81,437  70,694  66,480  (20,556) (25,186) (632) (1,164) 
Prior service cost (credit)549  852  (2,724) (72) 6,288  9,099  58  71  
Deferred taxes(15,263) (17,597) (15,492) (14,861) 3,066  3,461  290  412  
Total accumulated other comprehensive loss (earnings), net of tax
56,533  64,692  52,478  51,547  (11,202) (12,626) (284) (681) 
Net amount recognized at December 31,$116,543  $106,419  $(58,466) $(56,193) $(71,385) $(79,462) $(8,354) $(8,530) 
Accumulated benefit obligations$476,357  $438,005  $282,883  $258,109  $56,017  $60,080  
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] Pension plans with accumulated benefit obligations in excess of plan assets consist of the following at December 31, 2019 and 2018:
 20192018
Projected benefit obligation (PBO)$348,137  $330,168  
Accumulated benefit obligation (ABO)331,126  311,192  
Fair value of plan assets177,057  154,673  
Schedule of Net Benefit Costs [Table Text Block]
Net Periodic Benefit Cost

The operating expense component of net periodic benefit cost (service cost) is reported with similar compensation costs in the Company's Consolidated Statement of Earnings. The non-operating components (all other components of net periodic benefit expense, including interest cost, amortization of prior service cost, curtailments and settlements, etc.) are reported outside of operating income in other income, net in the Consolidated Statement of Earnings.

Components of the net periodic benefit cost were as follows: 

Defined Benefit Plans
 Qualified Defined Benefits  Non-Qualified Supplemental Benefits
 U.S. PlanNon-U.S. Plans
 201920182017201920182017201920182017
Service cost$7,016  $9,019  $12,083  $5,665  $5,359  $5,688  $1,942  $2,624  $2,473  
Interest cost19,026  20,756  21,718  5,101  4,962  5,263  2,670  3,204  4,076  
Expected return on plan assets(34,136) (39,045) (39,812) (6,220) (7,675) (7,417) —  —  —  
Amortization of:
Prior service cost (credit)303  298  427  (398) (449) (425) 2,811  3,770  4,411  
Recognized actuarial loss (gain)—  3,102  5,582  3,109  2,952  3,506  (2,280) (1,132) (1,192) 
Transition obligation—  —  —  —  1  4  —  —  —  
Settlement and curtailment loss (gain)—  13,939  (1)76  961  7  678  —  (1,381) —  
Net periodic benefit expense$(7,791) $8,069  $74  $8,218  $5,157  $7,297  $5,143  $7,085  $9,768  
Less: Discontinued operations
—  10,109  (1)3,383  —  114  810  —  279  1,226  
Net periodic (income) expense - Continuing operations$(7,791) $(2,040) $(3,309) $8,218  $5,043  $6,487  $5,143  $6,806  $8,542  
(1) $9.2 million of the total settlement and curtailment loss on the U.S. Plan is attributable to Apergy participants in the Dover Defined Benefit Plan and has therefore been reflected in the results of discontinued operations.

Other Post-Retirement Benefits
201920182017
Service cost$19  $30  $68  
Interest cost312  290  783  
Amortization of:
Prior service cost13  13  7  
Recognized actuarial gain(70) (30) (161) 
Settlement and curtailment gain—  —  (4,598) 
Net periodic expense (benefit)$274  $303  $(3,901) 

The curtailment gain in 2017 relates primarily to the impact of an amendment to the post-retirement plan in Brazil.
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
Amounts expected to be amortized from accumulated other comprehensive earnings (loss) into net periodic benefit cost during 2020 are as follows:
 Qualified Defined BenefitsNon-Qualified Supplemental BenefitsOther Post-Retirement Benefits
 U.S. PlanNon-U.S. Plans
Amortization of:    
Prior service cost (credit)$227  $(473) $1,695  $13  
Recognized actuarial loss (gain)7,536  2,986  (1,858) (15) 
Total$7,763  $2,513  $(163) $(2) 
Weighted-average assumptions used in benefit obligations [Table Text Block] The weighted average assumptions used in determining the benefit obligations were as follows: 
 Qualified Defined BenefitsNon-Qualified Supplemental BenefitsOther Post-Retirement Benefits
 U.S. PlanNon-U.S. Plans
 20192018201920182019201820192018
Discount rate3.40 %4.35 %1.18 %1.83 %3.20 %4.30 %3.10 %4.15 %
Average wage increase4.00 %4.50 %1.80 %2.10 %4.50 %4.50 %nana
Ultimate medical trend ratena  na  na  na  na  na  5.00 %5.00 %
Weighted-average assumptions used calculating net periodic cost [Table Text Block]
The weighted average assumptions used in determining the net periodic benefit cost were as follows:
 Qualified Defined BenefitsNon- Qualified Supplemental BenefitsOther Post-Retirement Benefits
 U.S. PlanNon-U.S. Plans
 201920182017201920182017201920182017201920182017
Discount rate4.35 %4.2%/3.65%  
 (1)
4.10 %1.83 %1.94 %2.06 %4.30 %3.57 %3.97 %4.15 %3.50 %6.49 %
Average wage increase4.00 %4.00 %4.00 %2.10 %2.33 %2.34 %4.50 %4.50 %4.50 %nanana
Expected return on plan assets6.80 %6.8%/7.25%  
 (1)
7.25 %3.67 %4.66 %4.73 %
na
na  na  na  na  na  
(1) The separation of Apergy triggered a pension plan curtailment which required a re-measurement of the Plan's benefit obligation in the second quarter 2018, assuming a discount rate of 4.2% and an expected return on assets of 6.8%.
Weighted-average asset allocation actual and target [Table Text Block]
The Company’s actual and target weighted average asset allocation for our U.S. Corporate Pension Plan was as follows:
20192018Current Target
Equity securities34 %36 %34 %
Fixed income64 %55 %66 %
Real estate and other2 %9 %— %
Total100 %100 %100 %
Schedule of Allocation of Plan Assets [Table Text Block]
The fair values of both U.S. and non-U.S. pension plan assets by asset category within the fair value hierarchy (as defined in Note 13 — Financial Instruments) were as follows:
 
U.S. Qualified Defined Benefits Plan
 12/31/201912/31/2018
 
Level 1
Level 2
Total Fair Value
Level 1
Level 2
Total Fair Value
Corporate bonds$—  $216,981  $216,981  $—  $150,179  $150,179  
Government securities5,846  69,486  75,332  1,586  113,931  115,517
Interest-bearing cash and short-term investments1,438  —  1,438  2,066  —  2,066
Total investments at fair value7,284  286,467  293,751  3,652  264,110  267,762
Investments measured at net asset value*
Collective funds—  —  241,058  —  —  175,963  
Real estate investments—  —  —  —  —  32,686  
Short-term investment funds—  —  15,429  —  —  12,489  
Total investments$7,284  $286,467  $550,238  $3,652  $264,110  $488,900  
 
Non-U.S. Plans
 12/31/201912/31/2018
 
Level 1
Level 2
Level 3
Total Fair Value
Level 1
Level 2
Level 3
Total Fair Value
Common stocks$44,685  $—  $—  $44,685  $28,528  $—  $—  $28,528  
Fixed income investments—  19,871  —  19,871  —  27,797  —  27,797  
Mutual funds26,799  —  —  26,799  23,438  —  —  23,438  
Cash and cash equivalents3,752  —  —  3,752  470  —  —  470  
Other—  3,519  18,597  22,116  —  2,390  21,283  23,673  
Total investments at fair value75,236  23,390  18,597  117,223  52,436  30,187  21,283  103,906  
Investments measured at net asset value*
Collective funds—  —  —  64,000  —  —  —  54,505  
Other—  —  —  4,367  —  —  —  4,178  
 Total$75,236  $23,390  $18,597  $185,590  $52,436  $30,187  $21,283  $162,589  
* In accordance with Fair Value Measurement Topic 820 (Subtopic 820-10), certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient were not classified in the fair value hierarchy. These are included to permit reconciliation of the fair value hierarchy to the aggregate pension plan assets.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The fair value measurement of plan assets using significant unobservable inputs (Level 3) changed during 2018 and 2019, due to the following:
Level 3
Balance at December 31, 2017$4,592  
Actual return on plan assets:
Relating to assets still held at December 31, 2018(29) 
Insurance contracts added16,975  
Foreign currency translation(255) 
Balance at December 31, 201821,283  
Actual return on plan assets:
Relating to assets still held at December 31, 2019319  
Relating to assets sold during the period14  
Purchases1,615  
Sales and settlements(4,971) 
Foreign currency translation337  
Balance at December 31, 2019$18,597  
Schedule of Expected Benefit Payments [Table Text Block]
Benefit Payments

Estimated future benefit payments to retirees, which reflect expected future service, are as follows: 
 Qualified Defined BenefitsNon-Qualified Supplemental BenefitsOther Post-Retirement Benefits
 U.S. PlanNon-U.S. Plans
2020$37,225  $8,592  $12,698  $704  
202135,141  8,720  11,820  675  
202235,407  9,205  4,428  658  
202333,303  10,578  4,442  634  
202434,510  11,618  3,808  608  
2025 - 2029149,224  60,816  14,453  2,626