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v3.20.4

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2020
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,
| 2020 |  | 2019 |  | 2018
Revenue: |  |  |  |  |
Engineered Products | $ | 1,531,277 |  |  | $ | 1,697,557 |  |  | $ | 1,633,147 |
Fueling Solutions | 1,476,282 |  |  | 1,620,177 |  |  | 1,465,590 |
Imaging & Identification | 1,038,178 |  |  | 1,084,471 |  |  | 1,109,843 |
Pumps & Process Solutions | 1,324,003 |  |  | 1,338,528 |  |  | 1,331,893 |
Refrigeration & Food Equipment | 1,316,090 |  |  | 1,396,617 |  |  | 1,453,093 |
Intra-segment eliminations | (2,070) |  |  | (953) |  |  | (1,448) |
Total consolidated revenue | $ | 6,683,760 |  |  | $ | 7,136,397 |  |  | $ | 6,992,118 |
Net earnings: |  |  |  |  |
Segment earnings (EBIT): (1) |  |  |  |  |
Engineered Products | $ | 238,167 |  |  | $ | 291,848 |  |  | $ | 252,368 |
Fueling Solutions | 236,974 |  |  | 231,873 |  |  | 152,255 |
Imaging & Identification | 193,473 |  |  | 229,484 |  |  | 198,902 |
Pumps & Process Solutions (2) | 305,276 |  |  | 240,081 |  |  | 237,549 |
Refrigeration & Food Equipment (3) | 102,872 |  |  | 118,832 |  |  | 136,119 |
Total segment earnings (EBIT) | 1,076,762 |  |  | 1,112,118 |  |  | 977,193 |
Corporate expense / other (4) | 126,662 |  |  | 124,274 |  |  | 129,724 |
Interest expense | 111,937 |  |  | 125,818 |  |  | 130,972 |
Interest income | (3,571) |  |  | (4,526) |  |  | (8,881) |
Loss on extinguishment of debt | — |  |  | 23,543 |  |  | — |
Earnings before provision for income taxes | 841,734 |  |  | 843,009 |  |  | 725,378 |
Provision for income taxes | 158,283 |  |  | 165,091 |  |  | 134,233 |
Net earnings | $ | 683,451 |  |  | $ | 677,918 |  |  | $ | 591,145 |
Segment margins: |  |  |  |  |
Engineered Products | 15.6 | % |  | 17.2 | % |  | 15.5 | %
Fueling Solutions | 16.1 | % |  | 14.3 | % |  | 10.4 | %
Imaging & Identification | 18.6 | % |  | 21.2 | % |  | 17.9 | %
Pumps & Process Solutions (2) | 23.1 | % |  | 17.9 | % |  | 17.8 | %
Refrigeration & Food Equipment (3) | 7.8 | % |  | 8.5 | % |  | 9.4 | %
Total Segments | 16.1 | % |  | 15.6 | % |  | 14.0 | %
Net earnings | 10.2 | % |  | 9.5 | % |  | 8.5 | %
Depreciation and amortization: |  |  |  |  |
Engineered Products | $ | 42,603 |  |  | $ | 41,032 |  |  | $ | 44,995 |
Fueling Solutions | 72,803 |  |  | 75,045 |  |  | 68,463 |
Imaging & Identification | 38,378 |  |  | 30,530 |  |  | 30,882 |
Pumps & Process Solutions | 72,191 |  |  | 67,584 |  |  | 71,982 |
Refrigeration & Food Equipment | 46,541 |  |  | 51,360 |  |  | 60,477 |
Corporate | 6,535 |  |  | 6,736 |  |  | 5,781 |
Consolidated total | $ | 279,051 |  |  | $ | 272,287 |  |  | $ | 282,580 |
Capital expenditures: |  |  |  |  |
Engineered Products | $ | 23,515 |  |  | $ | 38,049 |  |  | $ | 34,016 |
Fueling Solutions | 26,903 |  |  | 21,780 |  |  | 37,232 |
Imaging & Identification | 10,690 |  |  | 18,593 |  |  | 13,029 |
Pumps & Process Solutions | 52,804 |  |  | 50,442 |  |  | 49,333 |
Refrigeration & Food Equipment | 42,923 |  |  | 51,052 |  |  | 32,482 |
Corporate | 8,857 |  |  | 6,888 |  |  | 4,902 |
Consolidated total | $ | 165,692 |  |  | $ | 186,804 |  |  | $ | 170,994 |
(1) Segment earnings (EBIT) includes non-operating income and expense directly attributable to the segments. Non-operating income and expense includes gain on sale of businesses and other income, net. (2) For the year ended December 31, 2019, includes a $46,946 loss on assets held for sale for Finder. (3) For the year ended December 31, 2020, includes a $5,213 pre-tax gain on the sale of AMS Chino. (4) Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and function al compensation costs, non-service pension costs, non-operating insurance expenses, shared business services overhead costs, deal related expenses and various administrative expenses relating to the corporate headquarters.
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | Selected financial information by segment (continued):
Total assets at December 31: | 2020 |  | 2019
Engineered Products | $ | 1,482,430 |  |  | $ | 1,431,948 |
Fueling Solutions | 2,125,900 |  |  | 2,107,045 |
Imaging & Identification | 1,919,223 |  |  | 1,673,689 |
Pumps & Process Solutions | 1,591,441 |  |  | 1,553,836 |
Refrigeration & Food Equipment | 1,320,950 |  |  | 1,302,618 |
Corporate (5) | 712,130 |  |  | 600,341 |
Total assets | $ | 9,152,074 |  |  | $ | 8,669,477 |
(5)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 (6)
| Years Ended December 31, |  | At December 31,
| 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019
United States | $ | 3,677,285 |  |  | $ | 3,806,033 |  |  | $ | 3,619,717 |  |  | $ | 518,679 |  |  | $ | 491,732 |
Europe | 1,482,520 |  |  | 1,571,901 |  |  | 1,572,788 |  |  | 289,657 |  |  | 261,170 |
Asia | 745,150 |  |  | 863,050 |  |  | 867,268 |  |  | 61,235 |  |  | 60,601 |
Other Americas | 535,091 |  |  | 625,707 |  |  | 631,164 |  |  | 21,174 |  |  | 24,174 |
Other | 243,714 |  |  | 269,706 |  |  | 301,181 |  |  | 6,581 |  |  | 4,641 |
Consolidated total | $ | 6,683,760 |  |  | $ | 7,136,397 |  |  | $ | 6,992,118 |  |  | $ | 897,326 |  |  | $ | 842,318 |
(6) Long-lived assets are comprised of net property, plant and equipment. The U.S. was the largest geographical market for the Engineered Products, Fueling Solutions, Pumps & Process Solutions, and Refrigeration & Food Equipment segments, and Europe was the largest market for the Imaging & Identification segment. 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. 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=120311839&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=120395209&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=120311839&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=120311839&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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