Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024	$	659,381	$	1,409,302	$	1,092,960	$	1,208,571	$	511,473	$	4,881,687
Acquisitions	—		97,973		—		—		—		97,973
Measurement period adjustments	—		—		—		227		371		598
Foreign currency translation	(2,117)		(7,328)		(6,699)		(4,186)		(395)		(20,725)
Balance at March 31, 2024	$	657,264	$	1,499,947	$	1,086,261	$	1,204,612	$	511,449	$	4,959,533

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, 2024						December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	2,197,032	$	1,117,094	$	1,079,938	$	2,138,788	$	1,094,053	$	1,044,735
Trademarks	277,218		150,594		126,624		274,711		147,212		127,499
Patents	205,955		143,981		61,974		206,871		142,719		64,152
Unpatented technologies	289,883		163,815		126,068		277,198		159,148		118,050
Distributor relationships	81,376		64,169		17,207		82,031		63,343		18,688
Other	27,586		10,633		16,953		24,211		10,053		14,158
Total	3,079,050		1,650,286		1,428,764		3,003,810		1,616,528		1,387,282
Unamortized intangible assets:
Trademarks	96,586		—		96,586		96,631		—		96,631
Total intangible assets, net	$	3,175,636	$	1,650,286	$	1,525,350	$	3,100,441	$	1,616,528	$	1,483,913

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, 2024						December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	2,197,032	$	1,117,094	$	1,079,938	$	2,138,788	$	1,094,053	$	1,044,735
Trademarks	277,218		150,594		126,624		274,711		147,212		127,499
Patents	205,955		143,981		61,974		206,871		142,719		64,152
Unpatented technologies	289,883		163,815		126,068		277,198		159,148		118,050
Distributor relationships	81,376		64,169		17,207		82,031		63,343		18,688
Other	27,586		10,633		16,953		24,211		10,053		14,158
Total	3,079,050		1,650,286		1,428,764		3,003,810		1,616,528		1,387,282
Unamortized intangible assets:
Trademarks	96,586		—		96,586		96,631		—		96,631
Total intangible assets, net	$	3,175,636	$	1,650,286	$	1,525,350	$	3,100,441	$	1,616,528	$	1,483,913