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Segment Information
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Information
20. Segment Information

The Company categorizes its operating companies into five reportable segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions, and Refrigeration & Food Equipment. The Company's businesses are structured around similar business models, go-to market strategies and manufacturing practices which increases management efficiency and better aligns Dover's operations with its strategic initiatives and capital allocation priorities, and provide greater transparency about performance. Operating segments are defined as the components of an enterprise for which separate financial information is available and regularly evaluated by the entity's chief operating decision maker ("CODM") or decision-making group, which is composed of Dover's executive leadership team, in making resource allocation decisions and evaluating performance.

The five reportable segments are as follows: 

•Engineered Products segment is a provider of a wide range of products, software and services that have broad customer applications across a number of markets, including aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing.

•Fueling Solutions segment is focused on providing components, equipment, and software and service solutions enabling safe transport of fuels and other hazardous fluids along the supply chain, as well as the safe and efficient operation of retail fueling and vehicle wash establishments.

•Imaging & Identification segment supplies precision marking and coding, product traceability and digital textile printing equipment, as well as related consumables, software and services.

•Pumps & Process Solutions segment manufactures specialty pumps, fluid handling components, plastics and polymer processing equipment, single use pumps, flow meters and connectors, and highly engineered components for rotating and reciprocating machines.

•Refrigeration & Food Equipment segment is a provider of innovative and energy-efficient equipment and systems that serve the commercial refrigeration, heating and cooling and food equipment markets.
Segment financial information and a reconciliation of segment results to consolidated results follows:
 Years Ended December 31,
 202020192018
Revenue:
Engineered Products$1,531,277 $1,697,557 $1,633,147 
Fueling Solutions1,476,282 1,620,177 1,465,590 
Imaging & Identification1,038,178 1,084,471 1,109,843 
Pumps & Process Solutions1,324,003 1,338,528 1,331,893 
Refrigeration & Food Equipment1,316,090 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 Solutions236,974 231,873 152,255 
Imaging & Identification193,473 229,484 198,902 
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 expense111,937 125,818 130,972 
Interest income(3,571)(4,526)(8,881)
Loss on extinguishment of debt— 23,543 — 
Earnings before provision for income taxes841,734 843,009 725,378 
Provision for income taxes158,283 165,091 134,233 
Net earnings$683,451 $677,918 $591,145 
Segment margins:
Engineered Products15.6 %17.2 %15.5 %
Fueling Solutions16.1 %14.3 %10.4 %
Imaging & Identification18.6 %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 Segments16.1 %15.6 %14.0 %
Net earnings10.2 %9.5 %8.5 %
Depreciation and amortization:   
Engineered Products$42,603 $41,032 $44,995 
Fueling Solutions72,803 75,045 68,463 
Imaging & Identification38,378 30,530 30,882 
Pumps & Process Solutions72,191 67,584 71,982 
Refrigeration & Food Equipment46,541 51,360 60,477 
Corporate6,535 6,736 5,781 
Consolidated total$279,051 $272,287 $282,580 
Capital expenditures:   
Engineered Products$23,515 $38,049 $34,016 
Fueling Solutions26,903 21,780 37,232 
Imaging & Identification10,690 18,593 13,029 
Pumps & Process Solutions52,804 50,442 49,333 
Refrigeration & Food Equipment42,923 51,052 32,482 
Corporate8,857 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 functional 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.
Selected financial information by segment (continued): 
Total assets at December 31:20202019
Engineered Products$1,482,430 $1,431,948 
Fueling Solutions2,125,900 2,107,045 
Imaging & Identification1,919,223 1,673,689 
Pumps & Process Solutions1,591,441 1,553,836 
Refrigeration & Food Equipment1,320,950 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.

 Revenue
Long-Lived Assets (6)
 Years Ended December 31,At December 31,
 20202019201820202019
United States$3,677,285 $3,806,033 $3,619,717 $518,679 $491,732 
Europe1,482,520 1,571,901 1,572,788 289,657 261,170 
Asia745,150 863,050 867,268 61,235 60,601 
Other Americas535,091 625,707 631,164 21,174 24,174 
Other243,714 269,706 301,181 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.