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Revenues (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Outstanding Contract Asset and (Liability) Accounts

The outstanding contract asset and liability accounts were as follows:

			2024						2023
			(In thousands)
Contract assets – January 1			$	140,826					$	119,741
Contract assets – December 31			136,432						140,826
Change in contract assets – (decrease) increase			(4,394)						21,085
Contract liabilities – January 1			432,830						398,692
Contract liabilities – December 31			400,689						432,830
Change in contract liabilities – decrease (increase)			32,141						(34,138)
Net change			$	27,747					$	(13,053)

Revenue from External Customers by Geographic Areas

Information about the Company’s operations in different geographic areas was as follows for the year ended December 31:

			2024
			EIG						EMG						Total
			(In thousands)
United States			$	2,302,951					$	1,346,483					$	3,649,434
International(1):
United Kingdom			106,678						126,846						233,524
European Union countries			549,446						427,239						976,685
Asia			1,213,403						218,770						1,432,173
Other foreign countries			487,437						161,927						649,364
Total international			2,356,964						934,782						3,291,746
Consolidated net sales			$	4,659,915					$	2,281,265					$	6,941,180

_________________

(1)Includes U.S. export sales of $1,880.8 million.

			2023
			EIG						EMG						Total
			(In thousands)
United States			$	2,377,316					$	1,091,468					$	3,468,784
International(1):
United Kingdom			99,718						114,770						214,488
European Union countries			518,758						426,219						944,977
Asia			1,175,703						202,425						1,378,128
Other foreign countries			452,755						137,818						590,573
Total international			2,246,934						881,232						3,128,166
Consolidated net sales			$	4,624,250					$	1,972,700					$	6,596,950

_________________

(1)Includes U.S. export sales of $1,732.4 million.

			2022
			EIG						EMG						Total
			(In thousands)
United States			$	2,171,684					$	982,579					$	3,154,263
International(1):
United Kingdom			92,668						117,788						210,456
European Union countries			510,052						420,756						930,808
Asia			1,050,843						266,011						1,316,854
Other foreign countries			404,106						134,043						538,149
Total international			2,057,669						938,598						2,996,267
Consolidated net sales			$	4,229,353					$	1,921,177					$	6,150,530

_________________

(1)Includes U.S. export sales of $1,688.7 million

Revenue from External Customers by Products and Services

The Company’s major products and services in the reportable segments were as follows for the year ended December 31:

			2024
			EIG						EMG						Total
			(In thousands)
Process and analytical instrumentation			$	3,232,918					$	—					$	3,232,918
Aerospace and power			1,426,997						624,570						2,051,567
Automation and engineered solutions			—						1,656,695						1,656,695
Consolidated net sales			$	4,659,915					$	2,281,265					$	6,941,180

			2023
			EIG						EMG						Total
			(In thousands)
Process and analytical instrumentation			$	3,267,698					$	—					$	3,267,698
Aerospace and power			1,356,552						588,446						1,944,998
Automation and engineered solutions			—						1,384,254						1,384,254
Consolidated net sales			$	4,624,250					$	1,972,700					$	6,596,950

			2022
			EIG						EMG						Total
			(In thousands)
Process and analytical instrumentation			$	3,061,263					$	—					$	3,061,263
Aerospace and power			1,168,090						549,735						1,717,825
Automation and engineered solutions			—						1,371,442						1,371,442
Consolidated net sales			$	4,229,353					$	1,921,177					$	6,150,530

Schedule of Disaggregation of Revenue

The Company’s timing of revenue recognition was as follows for the year ended December 31:

			2024
			EIG						EMG						Total
			(In thousands)
Products transferred at a point in time			$	3,739,209					$	2,052,862					$	5,792,071
Products and services transferred over time			920,706						228,403						1,149,109
Consolidated net sales			$	4,659,915					$	2,281,265					$	6,941,180

			2023
			EIG						EMG						Total
			(In thousands)
Products transferred at a point in time			$	3,831,321					$	1,772,329					$	5,603,650
Products and services transferred over time			792,929						200,371						993,300
Consolidated net sales			$	4,624,250					$	1,972,700					$	6,596,950

			2022
			EIG						EMG						Total
			(In thousands)
Products transferred at a point in time			$	3,471,118					$	1,680,558					$	5,151,676
Products and services transferred over time			758,235						240,619						998,854
Consolidated net sales			$	4,229,353					$	1,921,177					$	6,150,530

Schedule of Product Warranty Liability

Changes in the accrued product warranty obligation were as follows:

			2024						2023						2022
			(In thousands)
Balance at the beginning of the year			$	37,087					$	26,487					$	27,478
Accruals for warranties issued during the year			24,775						23,308						11,414
Settlements made during the year			(22,953)						(14,219)						(11,835)
Warranty accruals related to acquired businesses and other during the year			(354)						1,511						(570)
Balance at the end of the year			$	38,555					$	37,087					$	26,487

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

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