Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 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
Goodwill	$	733,874	$	1,427,691	$	1,106,202	$	852,809	$	508,807	$	4,629,383
Accumulated impairment loss (1)	(10,591)		—		—		(59,970)		—		(70,561)
Balance at January 1, 2022	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
Acquisitions	—		—		—		224,771		2,990		227,761
Measurement period adjustments	—		—		—		(5,103)		—		(5,103)
Held for sale	(58,897)		—		—		—		—		(58,897)
Foreign currency translation	5,736		17,884		14,701		9,368		743		48,432
Balance at December 31, 2023	$	659,381	$	1,409,302	$	1,092,960	$	1,208,571	$	511,473	$	4,881,687

(1) Accumulated impairment loss as of December 31, 2023 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, 2023						December 31, 2022
	Gross Amount		Accumulated Amortization		Net Carrying Amount		Gross Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	2,138,788	$	1,094,053	$	1,044,735	$	1,881,402	$	996,947	$	884,455
Trademarks	274,711		147,212		127,499		265,466		132,791		132,675
Patents	206,871		142,719		64,152		219,199		146,337		72,862
Unpatented technologies	277,198		159,148		118,050		257,428		137,750		119,678
Distributor relationships	82,031		63,343		18,688		79,622		57,299		22,323
Other	24,211		10,053		14,158		46,880		41,682		5,198
Total	3,003,810		1,616,528		1,387,282		2,749,997		1,512,806		1,237,191
Unamortized intangible assets:
Trademarks	96,631		—		96,631		96,544		—		96,544
Total intangible assets, net	$	3,100,441	$	1,616,528	$	1,483,913	$	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:

	December 31, 2023						December 31, 2022
	Gross Amount		Accumulated Amortization		Net Carrying Amount		Gross Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	2,138,788	$	1,094,053	$	1,044,735	$	1,881,402	$	996,947	$	884,455
Trademarks	274,711		147,212		127,499		265,466		132,791		132,675
Patents	206,871		142,719		64,152		219,199		146,337		72,862
Unpatented technologies	277,198		159,148		118,050		257,428		137,750		119,678
Distributor relationships	82,031		63,343		18,688		79,622		57,299		22,323
Other	24,211		10,053		14,158		46,880		41,682		5,198
Total	3,003,810		1,616,528		1,387,282		2,749,997		1,512,806		1,237,191
Unamortized intangible assets:
Trademarks	96,631		—		96,631		96,544		—		96,544
Total intangible assets, net	$	3,100,441	$	1,616,528	$	1,483,913	$	2,846,541	$	1,512,806	$	1,333,735

Schedule of Future Amortization Expense

Estimated future amortization expense related to intangible assets held at December 31, 2023 for the next five years is as follows:

	Estimated Amortization
2024	$	173,935
2025	170,536
2026	161,908
2027	158,340
2028	126,227