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Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Information
19. Segment Information

The Company categorizes its operating companies into five reportable segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. The Company's businesses are structured around similar business models, go-to market strategies, manufacturing practices and product categories which increases management efficiency and better aligns Dover's operations with its strategic initiatives and capital allocation priorities, and provides greater transparency about performance. Operating segments are defined as the components of an enterprise for which separate financial information is available, engages in business activities from which it may recognize revenues and incur expenses, and regularly evaluated by the entity's chief operating decision maker or decision-making group, which is composed of Dover's executive leadership team, in making resource allocation decisions and evaluating performance.

The five reportable segments are as follows: 

•Engineered Products segment provides a wide range of equipment, components, software, solutions and services vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-markets.

•Clean Energy & Fueling segment provides components, equipment, and software and service solutions enabling safe transport of traditional and clean fuels and other hazardous substances along the supply chain, as well as the safe and efficient operation of convenience retail, retail fueling and vehicle wash establishments.

•Imaging & Identification segment supplies precision marking and coding, product traceability and digital textile printing equipment, as well as related consumables, software and services to the global packaged and consumer goods, pharmaceutical, industrial manufacturing, fashion and apparel and other end-markets.

•Pumps & Process Solutions segment manufactures specialty pumps and flow meters, fluid connecting solutions, plastics and polymer processing equipment, and highly engineered precision components for rotating and reciprocating machines serving single-use biopharmaceutical production, diversified industrial manufacturing, polymer processing, midstream and downstream oil and gas and other end-markets.

•Climate & Sustainability Technologies segment is a provider of innovative and energy-efficient equipment and systems that serve the commercial refrigeration, heating and cooling and beverage container-making equipment markets.
Segment financial information and a reconciliation of segment results to consolidated results follows:
 Years Ended December 31,
 202120202019
Revenue:
Engineered Products$1,780,827 $1,531,277 $1,697,557 
Clean Energy & Fueling1,648,153 1,476,282 1,620,177 
Imaging & Identification1,163,367 1,038,178 1,084,471 
Pumps & Process Solutions1,708,634 1,324,003 1,338,528 
Climate & Sustainability Technologies1,608,175 1,316,090 1,396,617 
Intercompany eliminations(2,075)(2,070)(953)
Total consolidated revenue$7,907,081 $6,683,760 $7,136,397 
Net earnings:
Segment earnings (EBIT): (1)
Engineered Products (2)
$285,511 $238,167 $291,848 
Clean Energy & Fueling271,388 236,974 231,873 
Imaging & Identification237,147 193,473 229,484 
Pumps & Process Solutions (3)
546,863 305,276 240,081 
Climate & Sustainability Technologies (4)
322,622 102,872 118,832 
Total segment earnings (EBIT)1,663,531 1,076,762 1,112,118 
Corporate expense / other (5)
160,827 126,662 124,274 
Interest expense106,319 111,937 125,818 
Interest income(4,441)(3,571)(4,526)
Loss on extinguishment of debt— — 23,543 
Earnings before provision for income taxes1,400,826 841,734 843,009 
Provision for income taxes277,008 158,283 165,091 
Net earnings$1,123,818 $683,451 $677,918 
Segment margins:
Engineered Products (2)
16.0%15.6%17.2%
Clean Energy & Fueling16.5%16.1%14.3%
Imaging & Identification20.4%18.6%21.2%
Pumps & Process Solutions (3)
32.0%23.1%17.9%
Climate & Sustainability Technologies (4)
20.1%7.8%8.5%
Total Segments21.0%16.1%15.6%
Net earnings14.2%10.2%9.5%
Depreciation and amortization:   
Engineered Products$48,644 $42,603 $41,032 
Clean Energy & Fueling78,010 72,803 75,045 
Imaging & Identification38,510 38,378 30,530 
Pumps & Process Solutions69,075 72,191 67,584 
Climate & Sustainability Technologies48,634 46,541 51,360 
Corporate7,250 6,535 6,736 
Consolidated total$290,123 $279,051 $272,287 
Capital expenditures:   
Engineered Products$48,453 $23,515 $38,049 
Clean Energy & Fueling25,167 26,903 21,780 
Imaging & Identification10,671 10,690 18,593 
Pumps & Process Solutions44,578 52,804 50,442 
Climate & Sustainability Technologies34,335 42,923 51,052 
Corporate8,261 8,857 6,888 
Consolidated total$171,465 $165,692 $186,804 
(1) Segment earnings (EBIT) includes non-operating income and expense directly attributable to the segments. Non-operating income and expense includes gain on dispositions and other income, net.
(2) For the year ended December 31, 2021, includes a $24,723 gain related to the sale of RWB equity method investment.
(3) For the year ended December 31, 2019, includes a $46,946 loss on assets held for sale for Finder.
(4) For the year ended December 31, 2021, includes a pre-tax $181,615 gain on the disposition of UB, a $12,073 other than temporary impairment charge related to an equity method investment, and a $6,072 write-off of assets related to an exit from certain Latin America countries. For the year ended December 31, 2020, includes a $5,213 pre-tax gain on the sale of AMS Chino and a $3,640 write-off of assets.
(5) 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 overhead costs, deal related expenses and various administrative expenses relating to the corporate headquarters.

Selected financial information by segment (continued):
Total assets at December 31:20212020
Engineered Products$1,678,317 $1,482,430 
Clean Energy & Fueling (6)
3,201,504 2,125,900 
Imaging & Identification1,871,039 1,919,223 
Pumps & Process Solutions1,709,852 1,591,441 
Climate & Sustainability Technologies1,358,118 1,320,950 
Corporate (7)
584,797 712,130 
Total assets$10,403,627 $9,152,074 
(6) Increase primarily driven by 2021 acquisitions. See Note 3 — Acquisitions for additional information.
(7) The significant portion of corporate assets are principally cash and cash equivalents.

 Revenue
Long-Lived Assets (8)
 Years Ended December 31,At December 31,
 20212020201920212020
United States$4,305,957 $3,677,285 $3,806,033 $584,948 $518,679 
Europe1,797,138 1,482,520 1,571,901 283,952 289,657 
Asia901,141 745,150 863,050 62,210 61,235 
Other Americas612,751 535,091 625,707 20,627 21,174 
Other290,094 243,714 269,706 5,573 6,581 
Consolidated total$7,907,081 $6,683,760 $7,136,397 $957,310 $897,326 
(8) Long-lived assets are comprised of net property, plant and equipment.

The U.S. was the largest geographical market for the Engineered Products, Clean Energy & Fueling, Pumps & Process Solutions, and Climate & Sustainability Technologies segments, and Europe was the largest market for the Imaging & Identification segment.
Revenue is attributed to regions based on the location of the Company’s customer, which in some instances is an intermediary and not necessarily the end user. The Company’s businesses serve thousands of customers, none of which accounted for more than 10% of consolidated revenue.