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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The following tables show the operations of the Company’s reportable segments:
Year ended December 31, 2024 |  | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations(a) |  | Eliminations and Corporate(b) |  | Total
Net sales to external customers |  | $ | 1,429,502 |  |  | $ | 218,580 |  |  | $ | 858,002 |  |  | $ | 628,447 |  |  | $ | 737,830 |  |  | $ | — |  |  | $ | 3,872,361 |
Net sales to other segments |  | 153,759 |  |  | 801,749 |  |  | 185,321 |  |  | 320,196 |  |  | 21,738 |  |  | (1,482,763) |  |  | — |
Total net sales |  | 1,583,261 |  |  | 1,020,329 |  |  | 1,043,323 |  |  | 948,643 |  |  | 759,568 |  |  | (1,482,763) |  |  | 3,872,361 |
Segment cost of sales(c) |  | 690,498 |  |  | 498,505 |  |  | 486,823 |  |  | 422,130 |  |  | 421,489 |  |  |  |  |
Segment period expense(d) |  | 499,698 |  |  | 241,178 |  |  | 350,199 |  |  | 180,713 |  |  | 213,895 |  |  |  |  |
Unallocated expense / eliminations |  |  |  |  |  |  |  |  |  |  |  | 150,073 |  |  |
Segment profit |  | $ | 393,065 |  |  | $ | 280,646 |  |  | $ | 206,301 |  |  | $ | 345,800 |  |  | $ | 124,184 |  |  | $ | (150,073) |  |  | $ | 1,199,923 |
Year ended December 31, 2023 |  | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations(a) |  | Eliminations and Corporate(b) |  | Total
Net sales to external customers |  | $ | 1,403,919 |  |  | $ | 188,679 |  |  | $ | 792,907 |  |  | $ | 718,818 |  |  | $ | 683,986 |  |  | $ | — |  |  | $ | 3,788,309 |
Net sales to other segments |  | 137,192 |  |  | 761,114 |  |  | 188,963 |  |  | 278,027 |  |  | 20,600 |  |  | (1,385,896) |  |  | — |
Total net sales |  | 1,541,111 |  |  | 949,793 |  |  | 981,870 |  |  | 996,845 |  |  | 704,586 |  |  | (1,385,896) |  |  | 3,788,309 |
Segment cost of sales(c) |  | 689,004 |  |  | 436,494 |  |  | 455,596 |  |  | 448,341 |  |  | 400,634 |  |  |  |  |
Segment period expense(d) |  | 487,055 |  |  | 231,818 |  |  | 347,601 |  |  | 181,410 |  |  | 197,714 |  |  |  |  |
Unallocated expense / eliminations |  |  |  |  |  |  |  |  |  |  |  | 146,642 |  |  |
Segment profit |  | $ | 365,052 |  |  | $ | 281,481 |  |  | $ | 178,673 |  |  | $ | 367,094 |  |  | $ | 106,238 |  |  | $ | (146,642) |  |  | $ | 1,151,896 |
Year ended December 31, 2022 |  | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations(a) |  | Eliminations and Corporate(b) |  | Total
Net sales to external customers |  | $ | 1,444,460 |  |  | $ | 176,119 |  |  | $ | 799,931 |  |  | $ | 841,526 |  |  | $ | 657,673 |  |  | $ | — |  |  | $ | 3,919,709 |
Net sales to other segments |  | 156,884 |  |  | 839,951 |  |  | 196,900 |  |  | 308,164 |  |  | 3,959 |  |  | (1,505,858) |  |  | — |
Total net sales |  | 1,601,344 |  |  | 1,016,070 |  |  | 996,831 |  |  | 1,149,690 |  |  | 661,632 |  |  | (1,505,858) |  |  | 3,919,709 |
Segment cost of sales(c) |  | 736,798 |  |  | 487,642 |  |  | 488,153 |  |  | 530,270 |  |  | 380,360 |  |  |  |  |
Segment period expense(d) |  | 506,744 |  |  | 218,584 |  |  | 334,326 |  |  | 195,258 |  |  | 190,950 |  |  |  |  |
Unallocated expense / eliminations |  |  |  |  |  |  |  |  |  |  |  | 164,023 |  |  |
Segment profit |  | $ | 357,802 |  |  | $ | 309,844 |  |  | $ | 174,352 |  |  | $ | 424,162 |  |  | $ | 90,322 |  |  | $ | (164,023) |  |  | $ | 1,192,459 |
(a)Other Operations includes reporting units in Southeast Asia, Latin America, Eastern Europe, and other countries. (b)Eliminations and Corporate includes the elimination of intersegment transactions as well as certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments. (c)Segment cost of sales includes variable production and other costs. (d)Segment period expense includes certain manufacturing, field service costs, research and development, and selling, general and administrative costs. A reconciliation of segment profit to earnings before taxes follows:
| 2024 |  | 2023 |  | 2022
Segment profit | 1,199,923 |  |  | 1,151,896 |  |  | 1,192,459 |
Amortization | (72,869) |  |  | (72,213) |  |  | (66,239) |
Interest expense | (74,631) |  |  | (77,366) |  |  | (55,392) |
Restructuring charges | (19,771) |  |  | (32,735) |  |  | (9,556) |
Other income, net | 4,571 |  |  | 4,146 |  |  | 9,320 |
Earnings before taxes | 1,037,223 |  |  | 973,728 |  |  | 1,070,592 |
The following tables show the additional disclosures for the Company’s reportable segments:
Year ended December 31, 2024 |  | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations(a) |  | Eliminations and Corporate(b) |  | Total
Depreciation |  | $ | 16,970 |  |  | $ | 7,086 |  |  | $ | 5,339 |  |  | $ | 9,434 |  |  | $ | 5,353 |  |  | $ | 6,170 |  |  | $ | 50,352 |
Total assets |  | $ | 4,081,688 |  |  | $ | 3,780,506 |  |  | $ | 1,505,017 |  |  | $ | 854,023 |  |  | $ | 416,314 |  |  | $ | (7,397,549) |  |  | $ | 3,239,999 |
Purchase of property, plant, and equipment |  | $ | (16,542) |  |  | $ | (9,504) |  |  | $ | (6,340) |  |  | $ | (14,355) |  |  | $ | (11,683) |  |  | $ | (45,474) |  |  | $ | (103,898) |
Goodwill |  | $ | 532,394 |  |  | $ | 25,601 |  |  | $ | 97,426 |  |  | $ | 597 |  |  | $ | 12,896 |  |  | $ | — |  |  | $ | 668,914 |
Year ended December 31, 2023 |  | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations(a) |  | Eliminations and Corporate(b) |  | Total
Depreciation |  | $ | 15,863 |  |  | $ | 7,017 |  |  | $ | 5,351 |  |  | $ | 9,609 |  |  | $ | 4,297 |  |  | $ | 6,814 |  |  | $ | 48,951 |
Total assets |  | $ | 3,848,003 |  |  | $ | 3,554,911 |  |  | $ | 1,533,297 |  |  | $ | 989,955 |  |  | $ | 408,200 |  |  | $ | (6,978,811) |  |  | $ | 3,355,555 |
Purchase of property, plant, and equipment |  | $ | (36,269) |  |  | $ | (8,030) |  |  | $ | (5,052) |  |  | $ | (10,133) |  |  | $ | (12,380) |  |  | $ | (33,459) |  |  | $ | (105,323) |
Goodwill |  | $ | 526,392 |  |  | $ | 27,532 |  |  | $ | 101,653 |  |  | $ | 621 |  |  | $ | 13,910 |  |  | $ | — |  |  | $ | 670,108 |
Year ended December 31, 2022 |  | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations(a) |  | Eliminations and Corporate(b) |  | Total
Depreciation |  | $ | 14,582 |  |  | $ | 6,644 |  |  | $ | 4,970 |  |  | $ | 9,699 |  |  | $ | 4,176 |  |  | $ | 6,713 |  |  | $ | 46,784 |
Total assets |  | $ | 3,574,842 |  |  | $ | 2,968,539 |  |  | $ | 1,314,332 |  |  | $ | 1,234,303 |  |  | $ | 388,639 |  |  | $ | (5,988,260) |  |  | $ | 3,492,395 |
Purchase of property, plant, and equipment |  | $ | (55,464) |  |  | $ | (7,690) |  |  | $ | (5,110) |  |  | $ | (12,418) |  |  | $ | (6,268) |  |  | $ | (34,291) |  |  | $ | (121,241) |
Goodwill |  | $ | 524,470 |  |  | $ | 25,058 |  |  | $ | 96,077 |  |  | $ | 641 |  |  | $ | 13,924 |  |  | $ | — |  |  | $ | 660,170 |
(a)Other Operations includes reporting units in Southeast Asia, Latin America, Eastern Europe, and other countries. (b)Eliminations and Corporate includes the elimination of intersegment transactions as well as certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | A breakdown of net sales to external customers by geographic customer destination and property, plant, and equipment by geographic destination for the years ended December 31 follows:
| Net Sales |  | Property, Plant, and Equipment, Net
| 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023
United States | $ | 1,358,761 |  |  | $ | 1,346,468 |  |  | $ | 1,363,335 |  |  | $ | 216,317 |  |  | $ | 224,696 |
Other Americas | 247,531 |  |  | 221,742 |  |  | 219,158 |  |  | 12,485 |  |  | 13,152 |
Total Americas | 1,606,292 |  |  | 1,568,210 |  |  | 1,582,493 |  |  | 228,802 |  |  | 237,848 |
Germany | 236,292 |  |  | 221,482 |  |  | 219,813 |  |  | 31,320 |  |  | 36,123 |
France | 152,821 |  |  | 139,304 |  |  | 147,430 |  |  | 19,706 |  |  | 22,684 |
United Kingdom | 84,438 |  |  | 79,455 |  |  | 85,382 |  |  | 28,056 |  |  | 30,651 |
Switzerland | 93,599 |  |  | 91,564 |  |  | 80,891 |  |  | 310,775 |  |  | 332,136 |
Other Europe | 533,249 |  |  | 483,693 |  |  | 480,844 |  |  | 25,969 |  |  | 19,285 |
Total Europe | 1,100,399 |  |  | 1,015,498 |  |  | 1,014,360 |  |  | 415,826 |  |  | 440,879 |
China | 621,794 |  |  | 707,592 |  |  | 823,842 |  |  | 89,733 |  |  | 87,972 |
Rest of World | 543,876 |  |  | 497,009 |  |  | 499,014 |  |  | 35,919 |  |  | 36,675 |
Total Asia/Rest of World | 1,165,670 |  |  | 1,204,601 |  |  | 1,322,856 |  |  | 125,652 |  |  | 124,647 |
Total | $ | 3,872,361 |  |  | $ | 3,788,309 |  |  | $ | 3,919,709 |  |  | $ | 770,280 |  |  | $ | 803,374 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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