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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in the Carrying Value of Goodwill | 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
Balance at January 1, 2024 | $ | 659,381 |  |  | $ | 1,409,302 |  |  | $ | 1,092,960 |  |  | $ | 1,208,571 |  |  | $ | 511,473 |  |  | $ | 4,881,687 |
Acquisitions | — |  |  | 98,689 |  |  | — |  |  | — |  |  | — |  |  | 98,689 |
Measurement period adjustments | — |  |  | — |  |  | — |  |  | 227 |  |  | 371 |  |  | 598 |
Foreign currency translation | (3,380) |  |  | (10,058) |  |  | (10,313) |  |  | (5,687) |  |  | (606) |  |  | (30,044) |
Balance at June 30, 2024 | $ | 656,001 |  |  | $ | 1,497,933 |  |  | $ | 1,082,647 |  |  | $ | 1,203,111 |  |  | $ | 511,238 |  |  | $ | 4,950,930 |
Schedule of Definite-lived Intangible Assets | The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows:
| June 30, 2024 |  | December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer intangibles | $ | 2,194,915 |  |  | $ | 1,146,736 |  |  | $ | 1,048,179 |  |  | $ | 2,138,788 |  |  | $ | 1,094,053 |  |  | $ | 1,044,735 |
Trademarks | 276,587 |  |  | 154,361 |  |  | 122,226 |  |  | 274,711 |  |  | 147,212 |  |  | 127,499 |
Patents | 205,485 |  |  | 145,638 |  |  | 59,847 |  |  | 206,871 |  |  | 142,719 |  |  | 64,152 |
Unpatented technologies | 289,336 |  |  | 169,042 |  |  | 120,294 |  |  | 277,198 |  |  | 159,148 |  |  | 118,050 |
Distributor relationships | 81,072 |  |  | 65,101 |  |  | 15,971 |  |  | 82,031 |  |  | 63,343 |  |  | 18,688 |
Other | 30,256 |  |  | 11,445 |  |  | 18,811 |  |  | 24,211 |  |  | 10,053 |  |  | 14,158 |
Total | 3,077,651 |  |  | 1,692,323 |  |  | 1,385,328 |  |  | 3,003,810 |  |  | 1,616,528 |  |  | 1,387,282 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |
Trademarks | 96,563 |  |  | — |  |  | 96,563 |  |  | 96,631 |  |  | — |  |  | 96,631 |
Total intangible assets, net | $ | 3,174,214 |  |  | $ | 1,692,323 |  |  | $ | 1,481,891 |  |  | $ | 3,100,441 |  |  | $ | 1,616,528 |  |  | $ | 1,483,913 |
Schedule of Indefinite-lived Intangible Assets | The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows:
| June 30, 2024 |  | December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer intangibles | $ | 2,194,915 |  |  | $ | 1,146,736 |  |  | $ | 1,048,179 |  |  | $ | 2,138,788 |  |  | $ | 1,094,053 |  |  | $ | 1,044,735 |
Trademarks | 276,587 |  |  | 154,361 |  |  | 122,226 |  |  | 274,711 |  |  | 147,212 |  |  | 127,499 |
Patents | 205,485 |  |  | 145,638 |  |  | 59,847 |  |  | 206,871 |  |  | 142,719 |  |  | 64,152 |
Unpatented technologies | 289,336 |  |  | 169,042 |  |  | 120,294 |  |  | 277,198 |  |  | 159,148 |  |  | 118,050 |
Distributor relationships | 81,072 |  |  | 65,101 |  |  | 15,971 |  |  | 82,031 |  |  | 63,343 |  |  | 18,688 |
Other | 30,256 |  |  | 11,445 |  |  | 18,811 |  |  | 24,211 |  |  | 10,053 |  |  | 14,158 |
Total | 3,077,651 |  |  | 1,692,323 |  |  | 1,385,328 |  |  | 3,003,810 |  |  | 1,616,528 |  |  | 1,387,282 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |
Trademarks | 96,563 |  |  | — |  |  | 96,563 |  |  | 96,631 |  |  | — |  |  | 96,631 |
Total intangible assets, net | $ | 3,174,214 |  |  | $ | 1,692,323 |  |  | $ | 1,481,891 |  |  | $ | 3,100,441 |  |  | $ | 1,616,528 |  |  | $ | 1,483,913 |

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