Segment Information (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Revenue:
Engineered Products	$	514,837	$	473,687	$	1,057,977	$	971,236
Clean Energy & Fueling	463,014		441,166		908,067		871,895
Imaging & Identification	287,593		271,932		564,399		555,023
Pumps & Process Solutions	477,239		465,626		942,968		879,507
Climate & Sustainability Technologies	436,706		449,001		800,998		904,326
Intersegment eliminations	(1,127)		(1,326)		(2,206)		(2,878)
Total consolidated revenue	$	2,178,262	$	2,100,086	$	4,272,203	$	4,179,109
Net earnings:
Segment earnings:
Engineered Products	$	101,247	$	73,076	$	205,216	$	157,351
Clean Energy & Fueling	87,536		83,616		157,211		157,221
Imaging & Identification	75,786		61,336		145,745		129,651
Pumps & Process Solutions	137,217		129,337		255,954		244,581
Climate & Sustainability Technologies	79,127		76,074		129,886		149,852
Total segment earnings	480,913		423,439		894,012		838,656
Purchase accounting expenses (1)	45,697		40,200		91,248		82,879
Restructuring and other costs (2)	11,590		18,143		36,274		32,196
Loss (gain) on disposition (3)	663		—		(529,280)		—
Corporate expense / other (4)	41,380		33,922		83,697		73,994
Interest expense	32,374		33,804		68,739		68,018
Interest income	(4,080)		(2,653)		(8,837)		(4,744)
Earnings before provision for income taxes	353,289		300,023		1,152,171		586,313
Provision for income taxes	71,467		57,784		238,128		115,500
Net earnings	$	281,822	$	242,239	$	914,043	$	470,813

(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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Restructuring	$	9,137	$	16,399	$	27,792	$	28,875
Other costs, net	2,453		1,744		8,482		3,321
Restructuring and other costs	$	11,590	$	18,143	$	36,274	$	32,196

(3) Loss (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 June 30,				Six Months Ended June 30,
Revenue by geography	2024		2023		2024		2023
United States	$	1,296,776	$	1,161,982	$	2,519,468	$	2,333,346
Europe	411,381		446,307		844,294		879,148
Asia	200,459		230,805		403,533		445,655
Other Americas	201,871		168,573		366,174		340,758
Other	67,775		92,419		138,734		180,202
Total	$	2,178,262	$	2,100,086	$	4,272,203	$	4,179,109