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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay versus Performance
The following table shows the total compensation for our NEOs for the past four fiscal years as set forth in the Summary Compensation Table, the “compensation actually paid” to our Principal Executive Officer (“PEO”) and, on an average basis, our other NEOs (in each case, as determined under Item 402(v) of Regulation
S-K),
our total shareholder return (“TSR”), the TSR of the S&P 500 Industrials Index over the same period (which is the “Peer Group” in the Pay versus Performance Table below), our net income, and our adjusted earnings.
For purposes of the Pay Versus Performance Table, Richard Tobin is the only principal executive officer represented. For fiscal 2024, Messrs. Cerepak, Juneja, and Yehle and Mses. Cabrera and Bors are the other named officers reflected in the Pay versus Performance Table. For fiscal 2023 through 2021, Messrs. Cerepak and Juneja and Mses. Cabrera and Bors are the other named executive officers reflected in the Pay versus Performance Table. For fiscal 2020, Messrs. Cerepak and Juneja, and David Malinas and Ms. Cabrera are the other named executive officers reflected in the Pay versus Performance Table.
Pay versus Performance Table
 
               
  Year
  
Summary
Compensation
Table Total
for PEO
($)
    
Compensation
Actually Paid
to PEO
($)(1)
    
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
($)
    
Average
Compensation
Actually Paid
to
Non-PEO
NEOs
($)(1)
    
Value of $100 Investment
based on:
    
Net Income
($) (in
millions)
   
Adjusted
Earnings
($) (in
millions)
(2)(3)
 
  
Total
Shareholder
Return
($)
    
Peer Group
Total
Shareholder
Return
($)
 
                 
2024
     19,230,530         30,226,001         2,777,531         3,718,086         175           176           2,697         2,806   
2023
     16,795,101         16,472,170         2,904,216         2,784,284         142           150           1,057         1,237   
2022
     14,143,252         (13,748,922)        2,364,424         (619,414)        123           127           1,065         1,213   
2021
     14,085,860         56,156,068         2,449,002         6,425,459         163           135           1,124         1,109   
2020
     11,982,338         9,059,384         2,443,822         2,590,438         112           111           683         824   
 
 
(1)
The table below provides the adjustments required by Item 402(v) to be made to the Summary Compensation Table totals to determine “compensation actually paid” as reported in the Pay versus Performance Table. “Compensation actually paid” does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules.
 
 
     
Subtract
amounts
reported in the
“Stock
Awards” and
“Option
Awards”
columns in
the SCT for
applicable FY
    
YE Value of
Current Year
Awards
Outstanding
as of YE
    
Change in
Value as of YE
for Prior Year
Awards
Outstanding
as of YE
    
Change in
Value as of
Vesting Date
for Prior Year
Awards That
Vested During
the Year
    
Subtract
Change in
Actuarial
Value of
Pension
Benefits
During
Year
    
Increase
for Service
Cost
and, if
applicable,
Prior
Service
Cost for
pension
plans
    
Total
Adjustments
 
CEO
 
2024
     ($14,162,208)        $16,676,943        $5,699,375        $2,781,362        $0        $0        $10,995,472  
2023
     ($13,295,490)        $11,363,301        $1,044,413        $564,844        $0        $0        ($322,931)  
2022
     ($10,414,752)        $7,113,700        ($13,168,694)        ($11,422,428)        $0        $0        ($27,892,174)  
2021
     ($9,388,609)        $20,394,184        $20,486,457        $10,578,176        $0        $0        $42,070,208  
2020
     ($8,698,666)        $9,339,279        $4,438,218        ($8,001,785)        $0        $0        ($2,922,954)  
Avg. Other NEOs
 
2024
     ($1,354,841)        $1,563,051        $547,013        $268,211        ($82,880)        $0        $940,555  
2023
     ($1,583,212)        $1,353,124        $120,430        $70,125        ($181,806)        $101,407        ($119,932)  
2022
     ($1,274,395)        $870,461        ($1,541,476)        ($1,164,392)        $0        $125,964        ($2,983,839)  
2021
     ($1,092,135)        $2,372,348        $2,192,026        $417,286        ($45,668)        $132,600        $3,976,457  
2020
     ($1,019,375)        $1,094,445        $418,328        ($137,024)        ($324,462)        $114,705        $146,616  
 
 
(2)
2020-2023 Adjusted Net Earnings have not been recast to reflect the impact of discontinued operations resulting from the sale of ESG in 2024.
 
(3)
Adjusted Earnings for 2024 reflects the
after-tax
gain on sale for the
De-Sta-Co
and ESG dispositions which occurred in 2024.
       
Company Selected Measure Name Adjusted Earnings        
Named Executive Officers, Footnote For purposes of the Pay Versus Performance Table, Richard Tobin is the only principal executive officer represented. For fiscal 2024, Messrs. Cerepak, Juneja, and Yehle and Mses. Cabrera and Bors are the other named officers reflected in the Pay versus Performance Table. For fiscal 2023 through 2021, Messrs. Cerepak and Juneja and Mses. Cabrera and Bors are the other named executive officers reflected in the Pay versus Performance Table. For fiscal 2020, Messrs. Cerepak and Juneja, and David Malinas and Ms. Cabrera are the other named executive officers reflected in the Pay versus Performance Table.        
PEO Total Compensation Amount $ 19,230,530 $ 16,795,101 $ 14,143,252 $ 14,085,860 $ 11,982,338
PEO Actually Paid Compensation Amount $ 30,226,001 16,472,170 (13,748,922) 56,156,068 9,059,384
Adjustment To PEO Compensation, Footnote
 
(1)
The table below provides the adjustments required by Item 402(v) to be made to the Summary Compensation Table totals to determine “compensation actually paid” as reported in the Pay versus Performance Table. “Compensation actually paid” does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules.
 
 
     
Subtract
amounts
reported in the
“Stock
Awards” and
“Option
Awards”
columns in
the SCT for
applicable FY
    
YE Value of
Current Year
Awards
Outstanding
as of YE
    
Change in
Value as of YE
for Prior Year
Awards
Outstanding
as of YE
    
Change in
Value as of
Vesting Date
for Prior Year
Awards That
Vested During
the Year
    
Subtract
Change in
Actuarial
Value of
Pension
Benefits
During
Year
    
Increase
for Service
Cost
and, if
applicable,
Prior
Service
Cost for
pension
plans
    
Total
Adjustments
 
CEO
 
2024
     ($14,162,208)        $16,676,943        $5,699,375        $2,781,362        $0        $0        $10,995,472  
2023
     ($13,295,490)        $11,363,301        $1,044,413        $564,844        $0        $0        ($322,931)  
2022
     ($10,414,752)        $7,113,700        ($13,168,694)        ($11,422,428)        $0        $0        ($27,892,174)  
2021
     ($9,388,609)        $20,394,184        $20,486,457        $10,578,176        $0        $0        $42,070,208  
2020
     ($8,698,666)        $9,339,279        $4,438,218        ($8,001,785)        $0        $0        ($2,922,954)  
Avg. Other NEOs
 
2024
     ($1,354,841)        $1,563,051        $547,013        $268,211        ($82,880)        $0        $940,555  
2023
     ($1,583,212)        $1,353,124        $120,430        $70,125        ($181,806)        $101,407        ($119,932)  
2022
     ($1,274,395)        $870,461        ($1,541,476)        ($1,164,392)        $0        $125,964        ($2,983,839)  
2021
     ($1,092,135)        $2,372,348        $2,192,026        $417,286        ($45,668)        $132,600        $3,976,457  
2020
     ($1,019,375)        $1,094,445        $418,328        ($137,024)        ($324,462)        $114,705        $146,616  
       
Non-PEO NEO Average Total Compensation Amount $ 2,777,531 2,904,216 2,364,424 2,449,002 2,443,822
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,718,086 2,784,284 (619,414) 6,425,459 2,590,438
Adjustment to Non-PEO NEO Compensation Footnote
 
(1)
The table below provides the adjustments required by Item 402(v) to be made to the Summary Compensation Table totals to determine “compensation actually paid” as reported in the Pay versus Performance Table. “Compensation actually paid” does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules.
 
 
     
Subtract
amounts
reported in the
“Stock
Awards” and
“Option
Awards”
columns in
the SCT for
applicable FY
    
YE Value of
Current Year
Awards
Outstanding
as of YE
    
Change in
Value as of YE
for Prior Year
Awards
Outstanding
as of YE
    
Change in
Value as of
Vesting Date
for Prior Year
Awards That
Vested During
the Year
    
Subtract
Change in
Actuarial
Value of
Pension
Benefits
During
Year
    
Increase
for Service
Cost
and, if
applicable,
Prior
Service
Cost for
pension
plans
    
Total
Adjustments
 
CEO
 
2024
     ($14,162,208)        $16,676,943        $5,699,375        $2,781,362        $0        $0        $10,995,472  
2023
     ($13,295,490)        $11,363,301        $1,044,413        $564,844        $0        $0        ($322,931)  
2022
     ($10,414,752)        $7,113,700        ($13,168,694)        ($11,422,428)        $0        $0        ($27,892,174)  
2021
     ($9,388,609)        $20,394,184        $20,486,457        $10,578,176        $0        $0        $42,070,208  
2020
     ($8,698,666)        $9,339,279        $4,438,218        ($8,001,785)        $0        $0        ($2,922,954)  
Avg. Other NEOs
 
2024
     ($1,354,841)        $1,563,051        $547,013        $268,211        ($82,880)        $0        $940,555  
2023
     ($1,583,212)        $1,353,124        $120,430        $70,125        ($181,806)        $101,407        ($119,932)  
2022
     ($1,274,395)        $870,461        ($1,541,476)        ($1,164,392)        $0        $125,964        ($2,983,839)  
2021
     ($1,092,135)        $2,372,348        $2,192,026        $417,286        ($45,668)        $132,600        $3,976,457  
2020
     ($1,019,375)        $1,094,445        $418,328        ($137,024)        ($324,462)        $114,705        $146,616  
       
Compensation Actually Paid vs. Total Shareholder Return LOGO        
Compensation Actually Paid vs. Net Income LOGO        
Compensation Actually Paid vs. Company Selected Measure LOGO        
Total Shareholder Return Vs Peer Group LOGO        
Tabular List, Table
2024 Most Important Performance Measure
In addition to TSR, which is already included in the PVP table, we believe the following measure is the most important financial performance measure used to link compensation actually paid to the NEOs to Company performance.
 
 
 Adjusted Earnings
       
Total Shareholder Return Amount $ 175 142 123 163 112
Peer Group Total Shareholder Return Amount 176 150 127 135 111
Net Income (Loss) $ 2,697,000,000 $ 1,057,000,000 $ 1,065,000,000 $ 1,124,000,000 $ 683,000,000
Company Selected Measure Amount 2,806,000,000 1,237,000,000 1,213,000,000 1,109,000,000 824,000,000
PEO Name Richard Tobin        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Earnings        
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 10,995,472 $ (322,931) $ (27,892,174) $ 42,070,208 $ (2,922,954)
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 16,676,943 11,363,301 7,113,700 20,394,184 9,339,279
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,699,375 1,044,413 (13,168,694) 20,486,457 4,438,218
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,781,362 564,844 (11,422,428) 10,578,176 (8,001,785)
PEO | Amounts Reported In The Stock Awards And Option Awards Columns In The SCT For Applicable FY [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (14,162,208) (13,295,490) (10,414,752) (9,388,609) (8,698,666)
PEO | Increase for Service Cost and, if applicable, Prior Service Cost for pension plans [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 940,555 (119,932) (2,983,839) 3,976,457 146,616
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (82,880) (181,806) 0 (45,668) (324,462)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,563,051 1,353,124 870,461 2,372,348 1,094,445
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 547,013 120,430 (1,541,476) 2,192,026 418,328
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 268,211 70,125 (1,164,392) 417,286 (137,024)
Non-PEO NEO | Amounts Reported In The Stock Awards And Option Awards Columns In The SCT For Applicable FY [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,354,841) (1,583,212) (1,274,395) (1,092,135) (1,019,375)
Non-PEO NEO | Increase for Service Cost and, if applicable, Prior Service Cost for pension plans [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 101,407 $ 125,964 $ 132,600 $ 114,705