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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Segment financial information and a reconciliation of segment results to consolidated results follows:
| Years Ended December 31, |  |  |  |
| 2018 |  | 2017 |  | 2016
Revenue: |  |  |  |  |
Engineered Systems | $ | 2,742,948 |  | $ | 2,667,984 |  | $ | 2,446,665
Fluids | 2,797,338 |  | 2,555,065 |  | 1,977,050
Refrigeration & Food Equipment | 1,453,093 |  | 1,599,105 |  | 1,620,339
Intra-segment eliminations | (1,261) |  | (1,268) |  | (830)
Total consolidated revenue | $ | 6,992,118 |  | $ | 6,820,886 |  | $ | 6,043,224
Earnings from continuing operations: |  |  |  |  |
Segment earnings: (1) |  |  |  |  |
Engineered Systems | $ | 451,270 |  | $ | 604,484 |  | $ | 399,209
Fluids | 389,804 |  | 368,630 |  | 246,545
Refrigeration & Food Equipment | 136,119 |  | 193,822 |  | 283,628
Total segment earnings | 977,193 |  | 1,166,936 |  | 929,382
Corporate expense / other (2) | 129,724 |  | 154,664 |  | 115,521
Interest expense | 130,972 |  | 144,948 |  | 135,969
Interest income | (8,881) |  | (8,491) |  | (6,752)
Earnings before provision for income taxes and discontinued operations | 725,378 |  | 875,815 |  | 684,644
Provision for income taxes | 134,233 |  | 129,152 |  | 182,516
Earnings from continuing operations | $ | 591,145 |  | $ | 746,663 |  | $ | 502,128
Segment margins: |  |  |  |  |
Engineered Systems | 16.5 | % |  | 22.7 | % |  | 16.3 | %
Fluids | 13.9 | % |  | 14.4 | % |  | 12.5 | %
Refrigeration & Food Equipment | 9.4 | % |  | 12.1 | % |  | 17.5 | %
Total Segments | 14.0 | % |  | 17.1 | % |  | 15.4 | %
Net earnings | 8.5 | % |  | 10.9 | % |  | 8.3 | %
Depreciation and amortization: |  |  |  |  |
Engineered Systems | $ | 75,879 |  | $ | 85,447 |  | $ | 78,173
Fluids | 140,444 |  | 135,821 |  | 101,266
Refrigeration & Food Equipment | 60,477 |  | 57,207 |  | 65,018
Corporate | 5,780 |  | 4,803 |  | 5,215
Consolidated total | $ | 282,580 |  | $ | 283,278 |  | $ | 249,672
Capital expenditures: |  |  |  |  |
Engineered Systems | $ | 47,044 |  | $ | 37,495 |  | $ | 32,374
Fluids | 86,566 |  | 90,625 |  | 68,147
Refrigeration & Food Equipment | 32,482 |  | 32,541 |  | 23,651
Corporate | 4,902 |  | 9,407 |  | 15,406
Consolidated total | $ | 170,994 |  | $ | 170,068 |  | $ | 139,578
(1) Segment earnings includes non-operating income and expense directly attributable to the segments. Non-operating income and expense includes Gain on sale of businesses and other expense (income), net. (2) Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services costs and various administrative expenses relating to the corporate headquarters.
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | Selected financial information by market segment (continued):
Total assets at December 31: | 2018 |  | 2017
Engineered Systems | $ | 3,070,019 |  | $ | 3,097,066
Fluids | 3,458,153 |  | 3,410,634
Refrigeration & Food Equipment | 1,252,870 |  | 1,284,852
Corporate (3) | 584,729 |  | 1,000,254
Total assets - continuing operations | 8,365,771 |  | 8,792,806
Assets from discontinued operations | — |  | 1,865,553
Consolidated total | $ | 8,365,771 |  | $ | 10,658,359
(3)The significant portion of corporate assets are principally cash and cash equivalents.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] |
| Revenue |  |  |  |  |  | Long-Lived Assets |  |
| Years Ended December 31, |  |  |  |  |  | At December 31, |  |
| 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017
United States | $ | 3,619,717 |  | $ | 3,654,102 |  | $ | 3,351,466 |  | $ | 480,780 |  | $ | 459,931
Europe | 1,572,788 |  | 1,476,686 |  | 1,241,297 |  | 239,070 |  | 238,986
Asia | 867,268 |  | 754,845 |  | 658,425 |  | 24,872 |  | 29,074
Other America | 631,164 |  | 621,831 |  | 516,544 |  | 59,550 |  | 57,016
Other | 301,181 |  | 313,422 |  | 275,492 |  | 2,225 |  | 2,933
Consolidated total | $ | 6,992,118 |  | $ | 6,820,886 |  | $ | 6,043,224 |  | $ | 806,497 |  | $ | 787,940
Revenue is attributed to regions based on the location of the Company’s customer, which in some instances is an intermediary and not necessarily the end user. Long-lived assets are comprised of net property, plant and equipment. The Company’s businesses are based primarily in the United States, Europe and Asia. The Company’s businesses serve thousands of customers, none of which accounted for more than 10% of consolidated revenue.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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