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Segment Information | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Segment Information | 19. Segment Information The Company categorizes its operating companies into five reportable segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. The Company's businesses are structured around similar business models, go-to market strategies, manufacturing practices and product categories which increases management efficiency and better aligns Dover's operations with its strategic initiatives and capital allocation priorities, and provides greater transparency about performance. Operating segments are defined as the components of an enterprise for which separate financial information is available, engages in business activities from which it may recognize revenues and incur expenses, and regularly evaluated by the entity's chief operating decision maker 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 provides a wide range of equipment, components, software, solutions and services vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-markets. •Clean Energy & Fueling segment provides components, equipment, and software and service solutions enabling safe transport of traditional and clean fuels and other hazardous substances along the supply chain, as well as the safe and efficient operation of convenience retail, 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 to the global packaged and consumer goods, pharmaceutical, industrial manufacturing, fashion and apparel and other end-markets. •Pumps & Process Solutions segment manufactures specialty pumps and flow meters, fluid connecting solutions, plastics and polymer processing equipment, and highly engineered precision components for rotating and reciprocating machines serving single-use biopharmaceutical production, diversified industrial manufacturing, polymer processing, midstream and downstream oil and gas and other end-markets. •Climate & Sustainability Technologies segment is a provider of innovative and energy-efficient equipment and systems that serve the commercial refrigeration, heating and cooling and beverage container-making equipment markets. 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. 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 |  | 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. The U.S. was the largest geographical market for the Engineered Products, Clean Energy & Fueling, Pumps & Process Solutions, and Climate & Sustainability Technologies 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 The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -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 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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