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Revenues (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Outstanding Contract Asset and (Liability) Accounts

The outstanding contract asset and liability accounts were as follows:

			2025						2024
			(In thousands)
Contract assets—January 1			$	136,432					$	140,826
Contract assets – March 31			157,815						146,948
Change in contract assets – increase (decrease)			21,383						6,122
Contract liabilities – January 1			400,689						432,830
Contract liabilities – March 31			426,235						439,365
Change in contract liabilities – (increase) decrease			(25,546)						(6,535)
Net change			$	(4,163)					$	(413)

Schedule of Revenue From External Customers by Geographic Areas

Information about the Company’s operations in different geographic areas was as follows for the three months ended March 31:

			Three months ended March 31, 2025
			EIG						EMG						Total
			(In thousands)
United States			$	580,125					$	347,405					$	927,530
International(1):
United Kingdom			30,817						37,806						68,623
European Union countries			132,466						104,185						236,651
Asia			274,865						55,178						330,043
Other foreign countries			125,400						43,724						169,124
Total international			563,548						240,893						804,441
Consolidated net sales			$	1,143,673					$	588,298					$	1,731,971

________________

(1)    Includes U.S. export sales of $470.0 million for the three months ended March 31, 2025.

			Three months ended March 31, 2024
			EIG						EMG						Total
			(In thousands)
United States			$	568,897					$	343,860					$	912,757
International(1):
United Kingdom			26,707						28,192						54,899
European Union countries			142,242						114,986						257,228
Asia			298,045						50,199						348,244
Other foreign countries			120,888						42,164						163,052
Total international			587,882						235,541						823,423
Consolidated net sales			$	1,156,779					$	579,401					$	1,736,180

______________

(1)    Includes U.S. export sales of $473.8 million for the three months ended March 31, 2024.

Schedule of Revenue From External Customers by Products and Services

The Company’s major products and services in the reportable segments were as follows:

			Three months ended March 31, 2025
			EIG						EMG						Total
			(In thousands)
Process and analytical instrumentation			$	776,871					$	—					$	776,871
Aerospace and power			366,802						171,908						538,710
Automation and engineered solutions			—						416,390						416,390
Consolidated net sales			$	1,143,673					$	588,298					$	1,731,971

			Three months ended March 31, 2024
			EIG						EMG						Total
			(In thousands)
Process and analytical instrumentation			$	791,538					$	—					$	791,538
Aerospace and power			365,241						152,452						517,693
Automation and engineered solutions			—						426,949						426,949
Consolidated net sales			$	1,156,779					$	579,401					$	1,736,180

Schedule of Disaggregation of Revenue

			Three months ended March 31, 2025
			EIG						EMG						Total
			(In thousands)
Products transferred at a point in time			$	906,887					$	533,408					$	1,440,295
Products and services transferred over time			236,786						54,890						291,676
Consolidated net sales			$	1,143,673					$	588,298					$	1,731,971

			Three months ended March 31, 2024
			EIG						EMG						Total
			(In thousands)
Products transferred at a point in time			$	945,998					$	503,585					$	1,449,583
Products and services transferred over time			210,781						75,816						286,597
Consolidated net sales			$	1,156,779					$	579,401					$	1,736,180

Schedule of Product Warranty Liability

Changes in the accrued product warranty obligation were as follows:

			Three Months Ended March 31,
			2025						2024
			(In thousands)
Balance at the beginning of the period			$	38,555					$	37,087
Accruals for warranties issued during the period			5,167						4,867
Settlements made during the period			(4,846)						(5,761)
Warranty accruals related to acquired businesses and other during the period			1,345						32
Balance at the end of the period			$	40,221					$	36,225

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.

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-Name Accounting Standards Codification
-Section 50
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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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