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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 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
Goodwill | $ | 479,010 |  |  | $ | 1,391,418 |  |  | $ | 1,078,259 |  |  | $ | 1,039,505 |  |  | $ | 507,740 |  |  | $ | 4,495,932 |
Accumulated impairment loss (1) | (10,591) |  |  | — |  |  | — |  |  | (59,970) |  |  | — |  |  | (70,561) |
Balance at January 1, 2023 | 468,419 |  |  | 1,391,418 |  |  | 1,078,259 |  |  | 979,535 |  |  | 507,740 |  |  | 4,425,371 |
Acquisitions | — |  |  | — |  |  | — |  |  | 224,771 |  |  | 2,990 |  |  | 227,761 |
Measurement period adjustments | — |  |  | — |  |  | — |  |  | (5,103) |  |  | — |  |  | (5,103) |
Held for sale | (58,897) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (58,897) |
Foreign currency translation | 5,736 |  |  | 17,884 |  |  | 14,701 |  |  | 9,368 |  |  | 743 |  |  | 48,432 |
Balance at December 31, 2023 | 415,258 |  |  | 1,409,302 |  |  | 1,092,960 |  |  | 1,208,571 |  |  | 511,473 |  |  | 4,637,564 |
Acquisitions | 7,252 |  |  | 315,811 |  |  | — |  |  | 14,188 |  |  | — |  |  | 337,251 |
Measurement period adjustments | — |  |  | — |  |  | — |  |  | 227 |  |  | 371 |  |  | 598 |
Foreign currency translation | (7,246) |  |  | (29,716) |  |  | (20,929) |  |  | (10,944) |  |  | (876) |  |  | (69,711) |
Balance at December 31, 2024 | $ | 415,264 |  |  | $ | 1,695,397 |  |  | $ | 1,072,031 |  |  | $ | 1,212,042 |  |  | $ | 510,968 |  |  | $ | 4,905,702 |
(1) Accumulated impairment loss as of December 31, 2024 is not subject to foreign currency translation.
Schedule of Intangible Assets | The Company's definite-lived and indefinite-lived intangible assets by major asset class were as follows:
| December 31, 2024 |  | December 31, 2023
| Gross Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer intangibles | $ | 2,343,823 |  |  | $ | 1,174,195 |  |  | $ | 1,169,628 |  |  | $ | 2,097,985 |  |  | $ | 1,064,609 |  |  | $ | 1,033,376 |
Trademarks | 283,216 |  |  | 156,745 |  |  | 126,471 |  |  | 268,605 |  |  | 142,505 |  |  | 126,100 |
Patents | 201,828 |  |  | 146,271 |  |  | 55,557 |  |  | 204,591 |  |  | 140,438 |  |  | 64,153 |
Unpatented technologies | 277,945 |  |  | 169,310 |  |  | 108,635 |  |  | 244,042 |  |  | 151,944 |  |  | 92,098 |
Distributor relationships | 79,855 |  |  | 66,469 |  |  | 13,386 |  |  | 82,031 |  |  | 63,343 |  |  | 18,688 |
Other | 22,100 |  |  | 11,400 |  |  | 10,700 |  |  | 24,211 |  |  | 10,053 |  |  | 14,158 |
Total | 3,208,767 |  |  | 1,724,390 |  |  | 1,484,377 |  |  | 2,921,465 |  |  | 1,572,892 |  |  | 1,348,573 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks | 96,477 |  |  | — |  |  | 96,477 |  |  | 96,631 |  |  | — |  |  | 96,631 |
Total intangible assets, net | $ | 3,305,244 |  |  | $ | 1,724,390 |  |  | $ | 1,580,854 |  |  | $ | 3,018,096 |  |  | $ | 1,572,892 |  |  | $ | 1,445,204 |
Schedule of Indefinite-lived Intangible Assets | The Company's definite-lived and indefinite-lived intangible assets by major asset class were as follows:
| December 31, 2024 |  | December 31, 2023
| Gross Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer intangibles | $ | 2,343,823 |  |  | $ | 1,174,195 |  |  | $ | 1,169,628 |  |  | $ | 2,097,985 |  |  | $ | 1,064,609 |  |  | $ | 1,033,376 |
Trademarks | 283,216 |  |  | 156,745 |  |  | 126,471 |  |  | 268,605 |  |  | 142,505 |  |  | 126,100 |
Patents | 201,828 |  |  | 146,271 |  |  | 55,557 |  |  | 204,591 |  |  | 140,438 |  |  | 64,153 |
Unpatented technologies | 277,945 |  |  | 169,310 |  |  | 108,635 |  |  | 244,042 |  |  | 151,944 |  |  | 92,098 |
Distributor relationships | 79,855 |  |  | 66,469 |  |  | 13,386 |  |  | 82,031 |  |  | 63,343 |  |  | 18,688 |
Other | 22,100 |  |  | 11,400 |  |  | 10,700 |  |  | 24,211 |  |  | 10,053 |  |  | 14,158 |
Total | 3,208,767 |  |  | 1,724,390 |  |  | 1,484,377 |  |  | 2,921,465 |  |  | 1,572,892 |  |  | 1,348,573 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks | 96,477 |  |  | — |  |  | 96,477 |  |  | 96,631 |  |  | — |  |  | 96,631 |
Total intangible assets, net | $ | 3,305,244 |  |  | $ | 1,724,390 |  |  | $ | 1,580,854 |  |  | $ | 3,018,096 |  |  | $ | 1,572,892 |  |  | $ | 1,445,204 |
Schedule of Future Amortization Expense | Estimated future amortization expense related to intangible assets held at December 31, 2024 for the next five years is as follows:
| Estimated Amortization
2025 | $ | 188,976 |
2026 | 180,521 |
2027 | 177,158 |
2028 | 146,012 |
2029 | 136,646 |

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