Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Financial Information and a Reconciliation of Segment

Segment financial information and a reconciliation of segment results to consolidated results were as follows:

	Three Months Ended March 31,
	2024		2023
Revenue:
Engineered Products	$	543,140	$	497,549
Clean Energy & Fueling	445,053		430,729
Imaging & Identification	276,806		283,091
Pumps & Process Solutions	465,729		413,881
Climate & Sustainability Technologies	364,292		455,325
Intersegment eliminations	(1,079)		(1,552)
Total consolidated revenue	$	2,093,941	$	2,079,023
Net earnings:
Segment earnings:
Engineered Products	$	103,969	$	84,275
Clean Energy & Fueling	69,675		73,605
Imaging & Identification	69,959		68,315
Pumps & Process Solutions	118,737		115,244
Climate & Sustainability Technologies	50,759		73,778
Total segment earnings	413,099		415,217
Purchase accounting expenses (1)	45,551		42,679
Restructuring and other costs (2)	24,684		14,053
Gain on disposition (3)	(529,943)		—
Corporate expense / other (4)	42,317		40,072
Interest expense	36,365		34,214
Interest income	(4,757)		(2,091)
Earnings before provision for income taxes	798,882		286,290
Provision for income taxes	166,661		57,716
Net earnings	$	632,221	$	228,574

(1) Purchase accounting expenses are primarily comprised of amortization of acquired intangible assets.

(2) Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Restructuring and other costs consist of the following:

	Three Months Ended March 31,
	2024		2023
Restructuring	$	18,655	$	12,476
Other costs, net	6,029		1,577
Restructuring and other costs	$	24,684	$	14,053

(3) Gain on disposition due to the sale of De-Sta-Co in the Engineered Products segment.

(4) Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services and digital overhead costs, deal related expenses and various administrative expenses relating to the corporate headquarters.

Schedule of Revenue Disaggregated by Geography based on the Location

The following table presents revenue disaggregated by geography based on the location of the Company's customers:

	Three Months Ended March 31,
Revenue by geography	2024		2023
United States	$	1,222,692	$	1,171,364
Europe	432,913		432,841
Asia	203,074		214,850
Other Americas	164,303		172,185
Other	70,959		87,783
Total	$	2,093,941	$	2,079,023