Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 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	$	415,258	$	1,409,302	$	1,092,960	$	1,208,571	$	511,473	$	4,637,564
Acquisitions	7,622		309,917		—		—		—		317,539
Measurement period adjustments	—		—		—		227		371		598
Foreign currency translation	1,606		9,374		3,564		3,860		342		18,746
Balance at September 30, 2024	$	424,486	$	1,728,593	$	1,096,524	$	1,212,658	$	512,186	$	4,974,447

Schedule of Definite-lived Intangible Assets

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

	September 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	$	2,378,879	$	1,165,273	$	1,213,606	$	2,097,985	$	1,064,609	$	1,033,376
Trademarks	287,546		155,554		131,992		268,605		142,505		126,100
Patents	205,000		146,652		58,348		204,591		140,438		64,153
Unpatented technologies	274,712		167,721		106,991		244,042		151,944		92,098
Distributor relationships	83,450		67,976		15,474		82,031		63,343		18,688
Other	35,034		12,705		22,329		24,211		10,053		14,158
Total	3,264,621		1,715,881		1,548,740		2,921,465		1,572,892		1,348,573
Unamortized intangible assets:
Trademarks	96,639		—		96,639		96,631		—		96,631
Total intangible assets, net	$	3,361,260	$	1,715,881	$	1,645,379	$	3,018,096	$	1,572,892	$	1,445,204

Schedule of Indefinite-lived Intangible Assets

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

	September 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	$	2,378,879	$	1,165,273	$	1,213,606	$	2,097,985	$	1,064,609	$	1,033,376
Trademarks	287,546		155,554		131,992		268,605		142,505		126,100
Patents	205,000		146,652		58,348		204,591		140,438		64,153
Unpatented technologies	274,712		167,721		106,991		244,042		151,944		92,098
Distributor relationships	83,450		67,976		15,474		82,031		63,343		18,688
Other	35,034		12,705		22,329		24,211		10,053		14,158
Total	3,264,621		1,715,881		1,548,740		2,921,465		1,572,892		1,348,573
Unamortized intangible assets:
Trademarks	96,639		—		96,639		96,631		—		96,631
Total intangible assets, net	$	3,361,260	$	1,715,881	$	1,645,379	$	3,018,096	$	1,572,892	$	1,445,204