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Segment Information (Tables)
9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
 2024202320242023
Revenue:  
Engineered Products$296,117 $309,431 $914,234 $922,794 
Clean Energy & Fueling500,685 466,959 1,408,752 1,338,854 
Imaging & Identification283,966 276,179 848,365 831,202 
Pumps & Process Solutions472,463 431,373 1,415,431 1,310,880 
Climate & Sustainability Technologies431,127 475,911 1,232,125 1,380,237 
Intersegment eliminations(816)(1,425)(2,864)(4,303)
Total consolidated revenue$1,983,542 $1,958,428 $5,816,043 $5,779,664 
Earnings from continuing operations:
 
Segment earnings:
  
Engineered Products$56,621 $63,525 $171,248 $156,461 
Clean Energy & Fueling99,536 92,483 256,747 249,704 
Imaging & Identification77,247 70,316 222,992 199,967 
Pumps & Process Solutions138,277 117,907 394,231 362,488 
Climate & Sustainability Technologies76,015 84,060 205,901 233,912 
Total segment earnings447,696 428,291 1,251,119 1,202,532 
Purchase accounting expenses (1)
48,356 38,956 136,875 118,203 
Restructuring and other costs (2)
16,581 11,581 52,142 43,777 
Gain on dispositions (3)
(68,633)— (597,913)— 
Corporate expense / other (4)
36,110 30,937 117,795 105,376 
Interest expense34,128 32,390 102,867 100,407 
Interest income(5,176)(3,808)(14,013)(8,552)
Earnings before provision for income taxes386,330 318,235 1,453,366 843,321 
Provision for income taxes73,434 56,252 291,781 157,636 
Earnings from continuing operations$312,896 $261,983 $1,161,585 $685,685 
(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 September 30,Nine Months Ended September 30,
2024202320242023
Restructuring$13,837 $4,385 $41,629 $33,260 
Other costs, net2,744 7,196 10,513 10,517 
Restructuring and other costs$16,581 $11,581 $52,142 $43,777 
(3) Gain on dispositions including post-closing adjustments, see Note 4 — Discontinued and Disposed Operations for further details.
(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 September 30,Nine Months Ended September 30,
Revenue by geography2024202320242023
United States$1,099,830 $991,661 $3,185,188 $2,972,261 
Europe406,556 433,066 1,250,813 1,312,165 
Asia206,548 235,184 609,848 680,539 
Other Americas190,829 182,808 551,839 518,908 
Other79,779 115,709 218,355 295,791 
Total$1,983,542 $1,958,428 $5,816,043 $5,779,664