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Segment Information (Tables)

12 Months Ended

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 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.

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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