Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying value of goodwill by reportable operating segments were as follows:


	Engineered Products		Clean Energy & Fueling		Imaging & Identification		Pumps & Process Solutions		Climate & Sustainability Technologies		Total
Goodwill	$	647,162	$	873,381	$	977,069	$	810,597	$	545,699	$	3,853,908
Accumulated impairment loss	(10,591)		—		—		(59,970)		—		(70,561)
Balance at January 1, 2020	636,571		873,381		977,069		750,627		545,699		3,783,347
Acquisitions	33,183		47,339		103,723		21,560		—		205,805

Disposition of business	—		—		—		—		(2,597)		(2,597)
Foreign currency translation	13,231		20,253		36,797		14,093		1,613		85,987
Balance at December 31, 2020	682,985		940,973		1,117,589		786,280		544,715		4,072,542
Acquisitions	50,180		496,461		20,458		15,018		—		582,117
Purchase price adjustments	—		2,640		(1,926)		—		—		714

Disposition of business	—		—		—		—		(34,662)		(34,662)
Foreign currency translation	(9,882)		(12,383)		(29,919)		(8,459)		(1,246)		(61,889)
Balance at December 31, 2021 (1)	$	723,283	$	1,427,691	$	1,106,202	$	792,839	$	508,807	$	4,558,822

(1) The accumulated impairment loss as of December 31, 2021 was $70,561, of which $59,970 was associated with the Pumps & Process Solutions segment and $10,591 was associated with the Engineered Products segment. These impairment losses were incurred prior to January 1, 2020.

Schedule of Intangible Assets

The Company's definite-lived and indefinite-lived intangible assets by major asset class were as follows:


	December 31, 2021						December 31, 2020
	Gross Amount		Accumulated Amortization		Net Carrying Amount		Gross Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	1,829,492	$	909,776	$	919,716	$	1,559,771	$	834,798	$	724,973
Trademarks	263,367		116,633		146,734		233,205		103,907		129,298
Patents	205,910		140,327		65,583		163,299		141,182		22,117
Unpatented technologies	221,239		123,464		97,775		180,947		113,404		67,543
Distributor relationships	84,204		55,260		28,944		87,028		51,611		35,417
Drawings & manuals	27,792		27,303		489		29,198		26,193		3,005
Other	22,347		18,775		3,572		23,901		19,324		4,577
Total	2,654,351		1,391,538		1,262,813		2,277,349		1,290,419		986,930
Unamortized intangible assets:
Trademarks	96,709		—		96,709		96,842		—		96,842
Total intangible assets, net	$	2,751,060	$	1,391,538	$	1,359,522	$	2,374,191	$	1,290,419	$	1,083,772

Future Amortization Expense

Estimated future amortization expense related to intangible assets held at December 31, 2021 is as follows:


	Estimated Amortization
2022	$	153,937
2023	144,167
2024	139,696
2025	135,608
2026	127,539