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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Segment Financial Information | Segment financial information and a reconciliation of segment results to consolidated results follows:
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Revenue: |  |  |  |  |
Engineered Products | $ | 1,780,827 |  |  | $ | 1,531,277 |  |  | $ | 1,697,557 |
Clean Energy & Fueling | 1,648,153 |  |  | 1,476,282 |  |  | 1,620,177 |
Imaging & Identification | 1,163,367 |  |  | 1,038,178 |  |  | 1,084,471 |
Pumps & Process Solutions | 1,708,634 |  |  | 1,324,003 |  |  | 1,338,528 |
Climate & Sustainability Technologies | 1,608,175 |  |  | 1,316,090 |  |  | 1,396,617 |
Intercompany eliminations | (2,075) |  |  | (2,070) |  |  | (953) |
Total consolidated revenue | $ | 7,907,081 |  |  | $ | 6,683,760 |  |  | $ | 7,136,397 |
Net earnings: |  |  |  |  |
Segment earnings (EBIT): (1) |  |  |  |  |
Engineered Products (2) | $ | 285,511 |  |  | $ | 238,167 |  |  | $ | 291,848 |
Clean Energy & Fueling | 271,388 |  |  | 236,974 |  |  | 231,873 |
Imaging & Identification | 237,147 |  |  | 193,473 |  |  | 229,484 |
Pumps & Process Solutions (3) | 546,863 |  |  | 305,276 |  |  | 240,081 |
Climate & Sustainability Technologies (4) | 322,622 |  |  | 102,872 |  |  | 118,832 |
Total segment earnings (EBIT) | 1,663,531 |  |  | 1,076,762 |  |  | 1,112,118 |
Corporate expense / other (5) | 160,827 |  |  | 126,662 |  |  | 124,274 |
Interest expense | 106,319 |  |  | 111,937 |  |  | 125,818 |
Interest income | (4,441) |  |  | (3,571) |  |  | (4,526) |
Loss on extinguishment of debt | — |  |  | — |  |  | 23,543 |
Earnings before provision for income taxes | 1,400,826 |  |  | 841,734 |  |  | 843,009 |
Provision for income taxes | 277,008 |  |  | 158,283 |  |  | 165,091 |
Net earnings | $ | 1,123,818 |  |  | $ | 683,451 |  |  | $ | 677,918 |
Segment margins: |  |  |  |  |
Engineered Products (2) | 16.0% |  | 15.6% |  | 17.2%
Clean Energy & Fueling | 16.5% |  | 16.1% |  | 14.3%
Imaging & Identification | 20.4% |  | 18.6% |  | 21.2%
Pumps & Process Solutions (3) | 32.0% |  | 23.1% |  | 17.9%
Climate & Sustainability Technologies (4) | 20.1% |  | 7.8% |  | 8.5%
Total Segments | 21.0% |  | 16.1% |  | 15.6%
Net earnings | 14.2% |  | 10.2% |  | 9.5%
Depreciation and amortization: |  |  |  |  |
Engineered Products | $ | 48,644 |  |  | $ | 42,603 |  |  | $ | 41,032 |
Clean Energy & Fueling | 78,010 |  |  | 72,803 |  |  | 75,045 |
Imaging & Identification | 38,510 |  |  | 38,378 |  |  | 30,530 |
Pumps & Process Solutions | 69,075 |  |  | 72,191 |  |  | 67,584 |
Climate & Sustainability Technologies | 48,634 |  |  | 46,541 |  |  | 51,360 |
Corporate | 7,250 |  |  | 6,535 |  |  | 6,736 |
Consolidated total | $ | 290,123 |  |  | $ | 279,051 |  |  | $ | 272,287 |
Capital expenditures: |  |  |  |  |
Engineered Products | $ | 48,453 |  |  | $ | 23,515 |  |  | $ | 38,049 |
Clean Energy & Fueling | 25,167 |  |  | 26,903 |  |  | 21,780 |
Imaging & Identification | 10,671 |  |  | 10,690 |  |  | 18,593 |
Pumps & Process Solutions | 44,578 |  |  | 52,804 |  |  | 50,442 |
Climate & Sustainability Technologies | 34,335 |  |  | 42,923 |  |  | 51,052 |
Corporate | 8,261 |  |  | 8,857 |  |  | 6,888 |
Consolidated total | $ | 171,465 |  |  | $ | 165,692 |  |  | $ | 186,804 |
(1) Segment earnings (EBIT) includes non-operating income and expense directly attributable to the segments. Non-operating income and expense includes gain on dispositions and other income, net. (2) For the year ended December 31, 2021, includes a $24,723 gain related to the sale of RWB equity method investment. (3) For the year ended December 31, 2019, includes a $46,946 loss on assets held for sale for Finder. (4) For the year ended December 31, 2021, includes a pre-tax $181,615 gain on the disposition of UB, a $12,073 other than temporary impairment charge related to an equity method investment, and a $6,072 write-off of assets related to an exit from certain Latin America countries. For the year ended December 31, 2020, includes a $5,213 pre-tax gain on the sale of AMS Chino and a $3,640 write-off of assets. (5) 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 | Selected financial information by segment (continued):
Total assets at December 31: | 2021 |  | 2020
Engineered Products | $ | 1,678,317 |  |  | $ | 1,482,430 |
Clean Energy & Fueling (6) | 3,201,504 |  |  | 2,125,900 |
Imaging & Identification | 1,871,039 |  |  | 1,919,223 |
Pumps & Process Solutions | 1,709,852 |  |  | 1,591,441 |
Climate & Sustainability Technologies | 1,358,118 |  |  | 1,320,950 |
Corporate (7) | 584,797 |  |  | 712,130 |
Total assets | $ | 10,403,627 |  |  | $ | 9,152,074 |
(6) Increase primarily driven by 2021 acquisitions. See Note 3 — Acquisitions for additional information. (7) The significant portion of corporate assets are principally cash and cash equivalents.
Revenue from External Customers and Long-Lived Assets, by Geographical Areas |
| Revenue |  | Long-Lived Assets (8)
| Years Ended December 31, |  | At December 31,
| 2021 |  | 2020 |  | 2019 |  | 2021 |  | 2020
United States | $ | 4,305,957 |  |  | $ | 3,677,285 |  |  | $ | 3,806,033 |  |  | $ | 584,948 |  |  | $ | 518,679 |
Europe | 1,797,138 |  |  | 1,482,520 |  |  | 1,571,901 |  |  | 283,952 |  |  | 289,657 |
Asia | 901,141 |  |  | 745,150 |  |  | 863,050 |  |  | 62,210 |  |  | 61,235 |
Other Americas | 612,751 |  |  | 535,091 |  |  | 625,707 |  |  | 20,627 |  |  | 21,174 |
Other | 290,094 |  |  | 243,714 |  |  | 269,706 |  |  | 5,573 |  |  | 6,581 |
Consolidated total | $ | 7,907,081 |  |  | $ | 6,683,760 |  |  | $ | 7,136,397 |  |  | $ | 957,310 |  |  | $ | 897,326 |
(8) Long-lived assets are comprised of net property, plant and equipment.

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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=123359005&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=123367319&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=123359005&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=123359005&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=123359005&loc=d3e8906-108599 + Details
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