Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 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	—		98,689		—		—		—		98,689
Measurement period adjustments	—		—		—		227		371		598
Foreign currency translation	(3,380)		(10,058)		(10,313)		(5,687)		(606)		(30,044)
Balance at June 30, 2024	$	656,001	$	1,497,933	$	1,082,647	$	1,203,111	$	511,238	$	4,950,930

Schedule of Definite-lived Intangible Assets

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

	June 30, 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	$	2,194,915	$	1,146,736	$	1,048,179	$	2,138,788	$	1,094,053	$	1,044,735
Trademarks	276,587		154,361		122,226		274,711		147,212		127,499
Patents	205,485		145,638		59,847		206,871		142,719		64,152
Unpatented technologies	289,336		169,042		120,294		277,198		159,148		118,050
Distributor relationships	81,072		65,101		15,971		82,031		63,343		18,688
Other	30,256		11,445		18,811		24,211		10,053		14,158
Total	3,077,651		1,692,323		1,385,328		3,003,810		1,616,528		1,387,282
Unamortized intangible assets:
Trademarks	96,563		—		96,563		96,631		—		96,631
Total intangible assets, net	$	3,174,214	$	1,692,323	$	1,481,891	$	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:

	June 30, 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	$	2,194,915	$	1,146,736	$	1,048,179	$	2,138,788	$	1,094,053	$	1,044,735
Trademarks	276,587		154,361		122,226		274,711		147,212		127,499
Patents	205,485		145,638		59,847		206,871		142,719		64,152
Unpatented technologies	289,336		169,042		120,294		277,198		159,148		118,050
Distributor relationships	81,072		65,101		15,971		82,031		63,343		18,688
Other	30,256		11,445		18,811		24,211		10,053		14,158
Total	3,077,651		1,692,323		1,385,328		3,003,810		1,616,528		1,387,282
Unamortized intangible assets:
Trademarks	96,563		—		96,563		96,631		—		96,631
Total intangible assets, net	$	3,174,214	$	1,692,323	$	1,481,891	$	3,100,441	$	1,616,528	$	1,483,913