Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in the Carrying Value of Goodwill

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
Balance at January 1, 2023	$	712,542	$	1,391,418	$	1,078,259	$	979,535	$	507,740	$	4,669,494
Measurement period adjustments	—		—		—		(2,709)		—		(2,709)
Foreign currency translation	1,997		5,291		5,196		1,215		229		13,928
Balance at March 31, 2023	$	714,539	$	1,396,709	$	1,083,455	$	978,041	$	507,969	$	4,680,713

Schedule of Definite-lived Intangible Assets

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

	March 31, 2023						December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	1,888,873	$	1,027,837	$	861,036	$	1,881,402	$	996,947	$	884,455
Trademarks	266,520		138,203		128,317		265,466		132,791		132,675
Patents	219,878		149,117		70,761		219,199		146,337		72,862
Unpatented technologies	258,414		143,160		115,254		257,428		137,750		119,678
Distributor relationships	80,456		59,025		21,431		79,622		57,299		22,323
Drawings and manuals	26,383		26,383		—		26,062		26,062		—
Other	24,358		16,027		8,331		20,818		15,620		5,198
Total	2,764,882		1,559,752		1,205,130		2,749,997		1,512,806		1,237,191
Unamortized intangible assets:
Trademarks	96,566		—		96,566		96,544		—		96,544
Total intangible assets, net	$	2,861,448	$	1,559,752	$	1,301,696	$	2,846,541	$	1,512,806	$	1,333,735

Schedule of Indefinite-lived Intangible Assets

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

	March 31, 2023						December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	1,888,873	$	1,027,837	$	861,036	$	1,881,402	$	996,947	$	884,455
Trademarks	266,520		138,203		128,317		265,466		132,791		132,675
Patents	219,878		149,117		70,761		219,199		146,337		72,862
Unpatented technologies	258,414		143,160		115,254		257,428		137,750		119,678
Distributor relationships	80,456		59,025		21,431		79,622		57,299		22,323
Drawings and manuals	26,383		26,383		—		26,062		26,062		—
Other	24,358		16,027		8,331		20,818		15,620		5,198
Total	2,764,882		1,559,752		1,205,130		2,749,997		1,512,806		1,237,191
Unamortized intangible assets:
Trademarks	96,566		—		96,566		96,544		—		96,544
Total intangible assets, net	$	2,861,448	$	1,559,752	$	1,301,696	$	2,846,541	$	1,512,806	$	1,333,735