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Revenues (Tables)

6 Months Ended

Jun. 30, 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 – June 30			160,443						149,674
Change in contract assets – increase (decrease)			24,011						8,848
Contract liabilities – January 1			400,689						432,830
Contract liabilities – June 30			420,585						425,617
Change in contract liabilities – (increase) decrease			(19,896)						7,213
Net change			$	4,115					$	16,061

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 and six months ended June 30:

			Three months ended June 30, 2025																		Six months ended June 30, 2025
			EIG						EMG						Total						EIG						EMG						Total
			(In thousands)
United States			$	576,268					$	358,738					$	935,006					$	1,156,393					$	706,143					$	1,862,536
International(1):
United Kingdom			24,739						37,603						62,342						55,556						75,409						130,965
European Union countries			145,453						109,137						254,590						277,919						213,322						491,241
Asia			289,965						62,281						352,246						564,830						117,459						682,289
Other foreign countries			123,146						50,726						173,872						248,546						94,450						342,996
Total international			583,303						259,747						843,050						1,146,851						500,640						1,647,491
Consolidated net sales			$	1,159,571					$	618,485					$	1,778,056					$	2,303,244					$	1,206,783					$	3,510,027

________________

(1)    Includes U.S. export sales of $472.9 million and $942.9 million for the three and six months ended June 30, 2025, respectively.

			Three months ended June 30, 2024																		Six months ended June 30, 2024
			EIG						EMG						Total						EIG						EMG						Total
			(In thousands)
United States			$	602,677					$	342,201					$	944,878					$	1,171,574					$	686,061					$	1,857,635
International(1):
United Kingdom			27,759						35,755						63,514						54,466						63,947						118,413
European Union countries			128,428						106,990						235,418						270,670						221,976						492,646
Asia			281,990						56,310						338,300						580,035						106,509						686,544
Other foreign countries			112,759						39,965						152,724						233,647						82,129						315,776
Total international			550,936						239,020						789,956						1,138,818						474,561						1,613,379
Consolidated net sales			$	1,153,613					$	581,221					$	1,734,834					$	2,310,392					$	1,160,622					$	3,471,014

______________

(1)    Includes U.S. export sales of $435.6 million and $909.3 million for the three and six months ended June 30, 2024, respectively.

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 June 30, 2025																		Six months ended June 30, 2025
			EIG						EMG						Total						EIG						EMG						Total
			(In thousands)
Process and analytical instrumentation			$	802,866					$	—					$	802,866					$	1,579,737					$	—					$	1,579,737
Aerospace and power			356,705						180,723						537,428						723,507						352,631						1,076,138
Automation and engineered solutions			—						437,762						437,762						—						854,152						854,152
Consolidated net sales			$	1,159,571					$	618,485					$	1,778,056					$	2,303,244					$	1,206,783					$	3,510,027

			Three months ended June 30, 2024																		Six months ended June 30, 2024
			EIG						EMG						Total						EIG						EMG						Total
			(In thousands)
Process and analytical instrumentation			$	802,724					$	—					$	802,724					$	1,594,262					$	—					$	1,594,262
Aerospace and power			350,889						154,463						505,352						716,130						306,915						1,023,045
Automation and engineered solutions			—						426,758						426,758						—						853,707						853,707
Consolidated net sales			$	1,153,613					$	581,221					$	1,734,834					$	2,310,392					$	1,160,622					$	3,471,014

Schedule of Disaggregation of Revenue

			Three months ended June 30, 2025																		Six months ended June 30, 2025
			EIG						EMG						Total						EIG						EMG						Total
			(In thousands)
Products transferred at a point in time			$	919,601					$	564,030					$	1,483,631					$	1,826,488					$	1,097,438					$	2,923,926
Products and services transferred over time			239,970						54,455						294,425						476,756						109,345						586,101
Consolidated net sales			$	1,159,571					$	618,485					$	1,778,056					$	2,303,244					$	1,206,783					$	3,510,027

			Three months ended June 30, 2024																		Six months ended June 30, 2024
			EIG						EMG						Total						EIG						EMG						Total
			(In thousands)
Products transferred at a point in time			$	925,932					$	493,999					$	1,419,931					$	1,871,930					$	997,584					$	2,869,514
Products and services transferred over time			227,681						87,222						314,903						438,462						163,038						601,500
Consolidated net sales			$	1,153,613					$	581,221					$	1,734,834					$	2,310,392					$	1,160,622					$	3,471,014

Schedule of Product Warranty Liability

Changes in the accrued product warranty obligation were as follows:

			Six Months Ended June 30,
			2025						2024
			(In thousands)
Balance at the beginning of the period			$	38,555					$	37,087
Accruals for warranties issued during the period			9,970						10,648
Settlements made during the period			(9,418)						(11,073)
Warranty accruals related to acquired businesses and other during the period			2,123						(30)
Balance at the end of the period			$	41,230					$	36,632

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- 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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-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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