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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Revenue and earnings from continuing operations by market segment | Segment financial information and a reconciliation of segment results to consolidated results was as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021
Revenue: |  |  |  |  |  |  |
Engineered Products |  |  |  |  | $ | 487,647 |  |  | $ | 428,127 |
Clean Energy & Fueling |  |  |  |  | 458,395 |  |  | 389,678 |
Imaging & Identification |  |  |  |  | 272,255 |  |  | 284,328 |
Pumps & Process Solutions |  |  |  |  | 435,195 |  |  | 394,377 |
Climate & Sustainability Technologies |  |  |  |  | 399,078 |  |  | 372,077 |
Intercompany eliminations |  |  |  |  | (669) |  |  | (686) |
Total consolidated revenue |  |  |  |  | $ | 2,051,901 |  |  | $ | 1,867,901 |
Net earnings: |  |  |  |  |  |  |
Segment earnings (EBIT): (1) |  |  |  |  |  |  |
Engineered Products |  |  |  |  | $ | 66,134 |  |  | $ | 68,779 |
Clean Energy & Fueling |  |  |  |  | 41,442 |  |  | 66,480 |
Imaging & Identification |  |  |  |  | 51,529 |  |  | 56,992 |
Pumps & Process Solutions |  |  |  |  | 139,340 |  |  | 123,645 |
Climate & Sustainability Technologies (2) |  |  |  |  | 40,396 |  |  | 38,117 |
Total segment earnings (EBIT) |  |  |  |  | 338,841 |  |  | 354,013 |
Corporate expense / other (3) |  |  |  |  | 37,361 |  |  | 38,620 |
Interest expense |  |  |  |  | 26,552 |  |  | 26,823 |
Interest income |  |  |  |  | (775) |  |  | (680) |
Earnings before provision for income taxes |  |  |  |  | 275,703 |  |  | 289,250 |
Provision for income taxes |  |  |  |  | 49,550 |  |  | 56,481 |
Net earnings |  |  |  |  | $ | 226,153 |  |  | $ | 232,769 |
(1) Segment earnings (EBIT) includes non-operating income and expense directly attributable to the segments. (2) Q1 2022 includes $5,457 of non-cash foreign currency translation losses reclassified to earnings included within restructuring costs and a $2,117 write-off of assets related to an exit from certain Latin America countries. (3) 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.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | The following table presents revenue disaggregated by geography based on the location of the Company's customer:
|  |  | Three Months Ended March 31,
Revenue by geography |  |  |  |  | 2022 |  | 2021
United States |  |  |  |  | $ | 1,151,500 |  |  | $ | 1,036,014 |
Europe |  |  |  |  | 447,565 |  |  | 445,295 |
Asia |  |  |  |  | 229,386 |  |  | 192,107 |
Other Americas |  |  |  |  | 151,592 |  |  | 130,177 |
Other |  |  |  |  | 71,858 |  |  | 64,308 |
Total |  |  |  |  | $ | 2,051,901 |  |  | $ | 1,867,901 |

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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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