Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 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
Acquisitions	—		—		—		—		529		529
Measurement period adjustments	—		—		—		(5,103)		—		(5,103)
Held for sale	(58,337)		—		—		—		—		(58,337)
Foreign currency translation	299		1,607		(1,253)		(88)		(25)		540
Balance at September 30, 2023	$	654,504	$	1,393,025	$	1,077,006	$	974,344	$	508,244	$	4,607,123

Schedule of Definite-lived Intangible Assets

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

	September 30, 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	$	1,861,661	$	1,050,837	$	810,824	$	1,881,402	$	996,947	$	884,455
Trademarks	261,265		141,236		120,029		265,466		132,791		132,675
Patents	204,897		139,345		65,552		219,199		146,337		72,862
Unpatented technologies	262,966		151,930		111,036		257,428		137,750		119,678
Distributor relationships	79,894		60,807		19,087		79,622		57,299		22,323
Other	22,103		9,542		12,561		46,880		41,682		5,198
Total	2,692,786		1,553,697		1,139,089		2,749,997		1,512,806		1,237,191
Unamortized intangible assets:
Trademarks	96,554		—		96,554		96,544		—		96,544
Total intangible assets, net	$	2,789,340	$	1,553,697	$	1,235,643	$	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:

	September 30, 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	$	1,861,661	$	1,050,837	$	810,824	$	1,881,402	$	996,947	$	884,455
Trademarks	261,265		141,236		120,029		265,466		132,791		132,675
Patents	204,897		139,345		65,552		219,199		146,337		72,862
Unpatented technologies	262,966		151,930		111,036		257,428		137,750		119,678
Distributor relationships	79,894		60,807		19,087		79,622		57,299		22,323
Other	22,103		9,542		12,561		46,880		41,682		5,198
Total	2,692,786		1,553,697		1,139,089		2,749,997		1,512,806		1,237,191
Unamortized intangible assets:
Trademarks	96,554		—		96,554		96,544		—		96,544
Total intangible assets, net	$	2,789,340	$	1,553,697	$	1,235,643	$	2,846,541	$	1,512,806	$	1,333,735