Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 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
Goodwill	$	479,010	$	1,391,418	$	1,078,259	$	1,039,505	$	507,740	$	4,495,932
Accumulated impairment loss (1)	(10,591)		—		—		(59,970)		—		(70,561)
Balance at January 1, 2023	468,419		1,391,418		1,078,259		979,535		507,740		4,425,371
Acquisitions	—		—		—		224,771		2,990		227,761
Measurement period adjustments	—		—		—		(5,103)		—		(5,103)
Held for sale	(58,897)		—		—		—		—		(58,897)
Foreign currency translation	5,736		17,884		14,701		9,368		743		48,432
Balance at December 31, 2023	415,258		1,409,302		1,092,960		1,208,571		511,473		4,637,564
Acquisitions	7,252		315,811		—		14,188		—		337,251
Measurement period adjustments	—		—		—		227		371		598
Foreign currency translation	(7,246)		(29,716)		(20,929)		(10,944)		(876)		(69,711)
Balance at December 31, 2024	$	415,264	$	1,695,397	$	1,072,031	$	1,212,042	$	510,968	$	4,905,702

(1) Accumulated impairment loss as of December 31, 2024 is not subject to foreign currency translation.

Schedule of Intangible Assets

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

	December 31, 2024						December 31, 2023
	Gross Amount		Accumulated Amortization		Net Carrying Amount		Gross Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	2,343,823	$	1,174,195	$	1,169,628	$	2,097,985	$	1,064,609	$	1,033,376
Trademarks	283,216		156,745		126,471		268,605		142,505		126,100
Patents	201,828		146,271		55,557		204,591		140,438		64,153
Unpatented technologies	277,945		169,310		108,635		244,042		151,944		92,098
Distributor relationships	79,855		66,469		13,386		82,031		63,343		18,688
Other	22,100		11,400		10,700		24,211		10,053		14,158
Total	3,208,767		1,724,390		1,484,377		2,921,465		1,572,892		1,348,573
Unamortized intangible assets:
Trademarks	96,477		—		96,477		96,631		—		96,631
Total intangible assets, net	$	3,305,244	$	1,724,390	$	1,580,854	$	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:

	December 31, 2024						December 31, 2023
	Gross Amount		Accumulated Amortization		Net Carrying Amount		Gross Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	2,343,823	$	1,174,195	$	1,169,628	$	2,097,985	$	1,064,609	$	1,033,376
Trademarks	283,216		156,745		126,471		268,605		142,505		126,100
Patents	201,828		146,271		55,557		204,591		140,438		64,153
Unpatented technologies	277,945		169,310		108,635		244,042		151,944		92,098
Distributor relationships	79,855		66,469		13,386		82,031		63,343		18,688
Other	22,100		11,400		10,700		24,211		10,053		14,158
Total	3,208,767		1,724,390		1,484,377		2,921,465		1,572,892		1,348,573
Unamortized intangible assets:
Trademarks	96,477		—		96,477		96,631		—		96,631
Total intangible assets, net	$	3,305,244	$	1,724,390	$	1,580,854	$	3,018,096	$	1,572,892	$	1,445,204

Schedule of Future Amortization Expense

Estimated future amortization expense related to intangible assets held at December 31, 2024 for the next five years is as follows:

	Estimated Amortization
2025	$	188,976
2026	180,521
2027	177,158
2028	146,012
2029	136,646