Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

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 segments were as follows:

	Engineered Products		Clean Energy & Fueling		Imaging & Identification		Pumps & Process Solutions		Climate & Sustainability Technologies		Total
Balance at January 1, 2025	$	415,264	$	1,695,397	$	1,072,031	$	1,212,042	$	510,968	$	4,905,702
Acquisitions	—		—		—		9,697		—		9,697
Measurement period adjustments	—		3,567		—		—		—		3,567
Foreign currency translation	4,362		14,836		14,424		7,192		632		41,446
Balance at March 31, 2025	$	419,626	$	1,713,800	$	1,086,455	$	1,228,931	$	511,600	$	4,960,412

Schedule of Definite-lived Intangible Assets

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

	March 31, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	2,379,923	$	1,220,160	$	1,159,763	$	2,343,823	$	1,174,195	$	1,169,628
Trademarks	286,639		162,588		124,051		283,216		156,745		126,471
Patents	203,482		149,593		53,889		201,828		146,271		55,557
Unpatented technologies	283,426		177,143		106,283		277,945		169,310		108,635
Distributor relationships	81,744		69,041		12,703		79,855		66,469		13,386
Other	22,842		12,342		10,500		22,100		11,400		10,700
Total	3,258,056		1,790,867		1,467,189		3,208,767		1,724,390		1,484,377
Unamortized intangible assets:
Trademarks	96,543		—		96,543		96,477		—		96,477
Total intangible assets, net	$	3,354,599	$	1,790,867	$	1,563,732	$	3,305,244	$	1,724,390	$	1,580,854

Schedule of Indefinite-lived Intangible Assets

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

	March 31, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	2,379,923	$	1,220,160	$	1,159,763	$	2,343,823	$	1,174,195	$	1,169,628
Trademarks	286,639		162,588		124,051		283,216		156,745		126,471
Patents	203,482		149,593		53,889		201,828		146,271		55,557
Unpatented technologies	283,426		177,143		106,283		277,945		169,310		108,635
Distributor relationships	81,744		69,041		12,703		79,855		66,469		13,386
Other	22,842		12,342		10,500		22,100		11,400		10,700
Total	3,258,056		1,790,867		1,467,189		3,208,767		1,724,390		1,484,377
Unamortized intangible assets:
Trademarks	96,543		—		96,543		96,477		—		96,477
Total intangible assets, net	$	3,354,599	$	1,790,867	$	1,563,732	$	3,305,244	$	1,724,390	$	1,580,854