Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Rollforward by Segment

The changes in the carrying value of goodwill by reportable operating segments were as follows:

	Engineered Products		Clean Energy & Fueling		Imaging & Identification		Pumps & Process Solutions		Climate & Sustainability Technologies		Total
Goodwill	$	693,576	$	940,973	$	1,117,589	$	846,250	$	544,715	$	4,143,103
Accumulated impairment loss (1)	(10,591)		—		—		(59,970)		—		(70,561)
Balance at January 1, 2021	682,985		940,973		1,117,589		786,280		544,715		4,072,542
Acquisitions	50,180		496,461		20,458		15,018		—		582,117
Measurement period adjustments	—		2,640		(1,926)		—		—		714
Disposition of business	—		—		—		—		(34,662)		(34,662)
Foreign currency translation	(9,882)		(12,383)		(29,919)		(8,459)		(1,246)		(61,889)
Balance at December 31, 2021	723,283		1,427,691		1,106,202		792,839		508,807		4,558,822
Acquisitions	—		—		—		200,513		—		200,513
Measurement period adjustments	(286)		2,432		(1,544)		968		—		1,570
Foreign currency translation	(10,455)		(38,705)		(26,399)		(14,785)		(1,067)		(91,411)
Balance at December 31, 2022	$	712,542	$	1,391,418	$	1,078,259	$	979,535	$	507,740	$	4,669,494

(1) Accumulated impairment loss as of December 31, 2022 is not subject to foreign currency translation.

Schedule of Intangible Assets

The Company's definite-lived and indefinite-lived intangible assets by major asset class were as follows:

	December 31, 2022						December 31, 2021
	Gross Amount		Accumulated Amortization		Net Carrying Amount		Gross Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	1,881,402	$	996,947	$	884,455	$	1,829,492	$	909,776	$	919,716
Trademarks	265,466		132,791		132,675		263,367		116,633		146,734
Patents	219,199		146,337		72,862		205,910		140,327		65,583
Unpatented technologies	257,428		137,750		119,678		221,239		123,464		97,775
Distributor relationships	79,622		57,299		22,323		84,204		55,260		28,944
Drawings and manuals	26,062		26,062		—		27,792		27,303		489
Other	20,818		15,620		5,198		22,347		18,775		3,572
Total	2,749,997		1,512,806		1,237,191		2,654,351		1,391,538		1,262,813
Unamortized intangible assets:
Trademarks	96,544		—		96,544		96,709		—		96,709
Total intangible assets, net	$	2,846,541	$	1,512,806	$	1,333,735	$	2,751,060	$	1,391,538	$	1,359,522

Future Amortization Expense

Estimated future amortization expense related to intangible assets held at December 31, 2022 for the next five years is as follows:

	Estimated Amortization
2023	$	154,124
2024	149,866
2025	145,857
2026	138,090
2027	135,785