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v3.26.1

Revenue from Contracts with Customers (Tables) | 3 Months Ended
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Mar. 31, 2026
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following tables provide disaggregated revenue by reportable segment for the three month periods ended March 31, 2026 and 2025.
| Industrial Technologies and Services |  | Precision and Science Technologies |  |  |  |  |  | Total
| Three Month Period Ended March 31,
| 2026 |  | 2025 |  | 2026 |  | 2025 |  |  |  |  |  | 2026 |  | 2025
Primary Geographic Markets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States | $ | 572.0 |  |  | $ | 585.1 |  |  | $ | 181.1 |  |  | $ | 168.9 |  |  |  |  |  |  | $ | 753.1 |  |  | $ | 754.0 |
Other Americas | 113.1 |  |  | 119.1 |  |  | 28.5 |  |  | 22.7 |  |  |  |  |  |  | 141.6 |  |  | 141.8 |
Total Americas | 685.1 |  |  | 704.2 |  |  | 209.6 |  |  | 191.6 |  |  |  |  |  |  | 894.7 |  |  | 895.8 |
EMEIA | 503.2 |  |  | 431.0 |  |  | 155.4 |  |  | 136.4 |  |  |  |  |  |  | 658.6 |  |  | 567.4 |
China | 164.9 |  |  | 139.4 |  |  | 28.2 |  |  | 27.5 |  |  |  |  |  |  | 193.1 |  |  | 166.9 |
Other Asia Pacific | 91.3 |  |  | 77.5 |  |  | 9.5 |  |  | 9.2 |  |  |  |  |  |  | 100.8 |  |  | 86.7 |
Total Asia Pacific | 256.2 |  |  | 216.9 |  |  | 37.7 |  |  | 36.7 |  |  |  |  |  |  | 293.9 |  |  | 253.6 |
Total | $ | 1,444.5 |  |  | $ | 1,352.1 |  |  | $ | 402.7 |  |  | $ | 364.7 |  |  |  |  |  |  | $ | 1,847.2 |  |  | $ | 1,716.8 |
Product Categories |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Original equipment(1) | $ | 842.5 |  |  | $ | 777.1 |  |  | $ | 313.2 |  |  | $ | 286.4 |  |  |  |  |  |  | $ | 1,155.7 |  |  | $ | 1,063.5 |
Aftermarket(2) | 602.0 |  |  | 575.0 |  |  | 89.5 |  |  | 78.3 |  |  |  |  |  |  | 691.5 |  |  | 653.3 |
Total | $ | 1,444.5 |  |  | $ | 1,352.1 |  |  | $ | 402.7 |  |  | $ | 364.7 |  |  |  |  |  |  | $ | 1,847.2 |  |  | $ | 1,716.8 |
Pattern of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue recognized at point in time(3) | $ | 1,286.9 |  |  | $ | 1,227.9 |  |  | $ | 385.7 |  |  | $ | 345.7 |  |  |  |  |  |  | $ | 1,672.6 |  |  | $ | 1,573.6 |
Revenue recognized over time(4) | 157.6 |  |  | 124.2 |  |  | 17.0 |  |  | 19.0 |  |  |  |  |  |  | 174.6 |  |  | 143.2 |
Total | $ | 1,444.5 |  |  | $ | 1,352.1 |  |  | $ | 402.7 |  |  | $ | 364.7 |  |  |  |  |  |  | $ | 1,847.2 |  |  | $ | 1,716.8 |
Revenues from sales of capital equipment within the Industrial Technologies and Services segment and sales of components to original equipment manufacturers in the Precision and Science Technologies segment. (2)Revenues from sales of spare parts, accessories, other components and services in support of maintaining customer owned, installed base of the Company’s original equipment. Service revenue represents less than 10% of consolidated revenue. (3)Revenues from short and long duration product and service contracts recognized at a point in time when control is transferred to the customer generally when product delivery has occurred and services have been rendered. (4)Revenues primarily from long duration ETO product contracts, certain multi-year service contracts, and certain contracts for the delivery of a significant volume of substantially similar products recognized over time as contractual performance obligations are completed.
Schedule of Contract Balances | The following table provides the contract balances as of March 31, 2026 and December 31, 2025 presented in the Condensed Consolidated Balance Sheets.
| March 31, 2026 |  | December 31, 2025
Accounts receivable, net | $ | 1,455.2 |  |  | $ | 1,518.0 |
Contract assets | 161.2 |  |  | 163.9 |
Contract liabilities - current | 344.7 |  |  | 347.2 |
Contract liabilities - noncurrent | 1.2 |  |  | 1.1 |

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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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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