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Revenues (Tables)
9 Months Ended
Sep. 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:
20252024
(In thousands)
Contract assets—January 1$136,432 $140,826 
Contract assets – September 30173,363 151,451 
Change in contract assets – increase (decrease)36,931 10,625 
Contract liabilities – January 1400,689 432,830 
Contract liabilities – September 30466,983 396,172 
Change in contract liabilities – (increase) decrease(66,294)36,658 
Net change$(29,363)$47,283 
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 nine months ended September 30:
Three months ended September 30, 2025Nine months ended September 30, 2025
EIG
EMG
Total
EIGEMGTotal
(In thousands)
United States$605,310 $381,254 $986,564 $1,761,703 $1,087,397 $2,849,100 
International(1):
United Kingdom29,800 37,512 67,312 85,356 112,921 198,277 
European Union countries164,759 116,401 281,160 442,678 329,723 772,401 
Asia291,063 66,741 357,804 855,893 184,200 1,040,093 
Other foreign countries155,400 44,401 199,801 403,946 138,851 542,797 
Total international641,022 265,055 906,077 1,787,873 765,695 2,553,568 
Consolidated net sales$1,246,332 $646,309 $1,892,641 $3,549,576 $1,853,092 $5,402,668 
________________
(1)    Includes U.S. export sales of $512.8 million and $1,461.1 million for the three and nine months ended September 30, 2025, respectively.

Three months ended September 30, 2024Nine months ended September 30, 2024
EIGEMGTotalEIGEMGTotal
(In thousands)
United States$561,273 $333,575 $894,848 $1,732,847 $1,019,636 $2,752,483 
International(1):
United Kingdom25,247 31,160 56,407 79,713 95,107 174,820 
European Union countries123,271 109,071 232,342 393,941 331,047 724,988 
Asia301,858 60,008 361,866 881,893 166,517 1,048,410 
Other foreign countries122,939 40,162 163,101 356,586 122,291 478,877 
Total international573,315 240,401 813,716 1,712,133 714,962 2,427,095 
Consolidated net sales$1,134,588 $573,976 $1,708,564 $3,444,980 $1,734,598 $5,179,578 
______________
(1)    Includes U.S. export sales of $465.1 million and $1,374.4 million for the three and nine months ended September 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 September 30, 2025Nine months ended September 30, 2025
EIGEMGTotalEIGEMGTotal
(In thousands)
Process and analytical instrumentation$883,483 $ $883,483 $2,463,220 $ $2,463,220 
Aerospace and power362,849 189,893 552,742 1,086,356 542,524 1,628,880 
Automation and engineered solutions 456,416 456,416  1,310,568 1,310,568 
Consolidated net sales$1,246,332 $646,309 $1,892,641 $3,549,576 $1,853,092 $5,402,668 

Three months ended September 30, 2024Nine months ended September 30, 2024
EIGEMGTotalEIGEMGTotal
(In thousands)
Process and analytical instrumentation$779,772 $— $779,772 $2,374,034 $— $2,374,034 
Aerospace and power354,816 160,177 514,993 1,070,946 467,092 1,538,038 
Automation and engineered solutions— 413,799 413,799 — 1,267,506 1,267,506 
Consolidated net sales$1,134,588 $573,976 $1,708,564 $3,444,980 $1,734,598 $5,179,578 
Schedule of Disaggregation of Revenue
Three months ended September 30, 2025Nine months ended September 30, 2025
EIG
EMG
Total
EIGEMGTotal
(In thousands)
Products transferred at a point in time$993,386 $576,933 $1,570,319 $2,819,874 $1,674,371 $4,494,245 
Products and services transferred over time252,946 69,376 322,322 729,702 178,721 908,423 
Consolidated net sales$1,246,332 $646,309 $1,892,641 $3,549,576 $1,853,092 $5,402,668 

Three months ended September 30, 2024Nine months ended September 30, 2024
EIG
EMG
Total
EIGEMGTotal
(In thousands)
Products transferred at a point in time$904,622 $515,035 $1,419,657 $2,776,552 $1,557,412 $4,333,964 
Products and services transferred over time229,966 58,941 288,907 668,428 177,186 845,614 
Consolidated net sales$1,134,588 $573,976 $1,708,564 $3,444,980 $1,734,598 $5,179,578 
Schedule of Product Warranty Liability
Changes in the accrued product warranty obligation were as follows:
Nine Months Ended September 30,
20252024
(In thousands)
Balance at the beginning of the period$38,555 $37,087 
Accruals for warranties issued during the period14,629 18,049 
Settlements made during the period(13,851)(16,219)
Warranty accruals related to acquired businesses and other during the period4,455 247 
Balance at the end of the period$43,788 $39,164