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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 8. Goodwill and Other Intangible Assets The changes in the carrying value of goodwill by reportable segments were as follows:
| Engineered Products |  | Clean Energy & Fueling |  | Imaging & Identification |  | Pumps & Process Solutions |  | Climate & Sustainability Technologies |  | Total
Balance at January 1, 2025 | $ | 415,264 |  |  | $ | 1,695,397 |  |  | $ | 1,072,031 |  |  | $ | 1,212,042 |  |  | $ | 510,968 |  |  | $ | 4,905,702 |
Acquisitions | — |  |  | 7,249 |  |  | — |  |  | 356,053 |  |  | — |  |  | 363,302 |
Measurement period adjustments | — |  |  | 4,677 |  |  | — |  |  | (188) |  |  | — |  |  | 4,489 |
Foreign currency translation | 13,886 |  |  | 43,023 |  |  | 42,719 |  |  | 28,681 |  |  | 2,058 |  |  | 130,367 |
Balance at September 30, 2025 | $ | 429,150 |  |  | $ | 1,750,346 |  |  | $ | 1,114,750 |  |  | $ | 1,596,588 |  |  | $ | 513,026 |  |  | $ | 5,403,860 |
During the nine months ended September 30, 2025, the Company recognized additions of $363,302 to goodwill as a result of the acquisitions discussed in Note 3 — Acquisitions. Additionally, during the nine months ended September 30, 2025, the Company recognized measurement period adjustments of $4,489 primarily related to the Marshall Excelsior Company acquisition in the third quarter of 2024 under the Clean Energy & Fueling segment. The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows:
| September 30, 2025 |  | December 31, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer intangibles | $ | 2,654,922 |  |  | $ | 1,324,822 |  |  | $ | 1,330,100 |  |  | $ | 2,343,823 |  |  | $ | 1,174,195 |  |  | $ | 1,169,628 |
Trademarks | 310,320 |  |  | 175,216 |  |  | 135,104 |  |  | 283,216 |  |  | 156,745 |  |  | 126,471 |
Patents | 197,057 |  |  | 146,143 |  |  | 50,914 |  |  | 201,828 |  |  | 146,271 |  |  | 55,557 |
Unpatented technologies | 370,170 |  |  | 195,876 |  |  | 174,294 |  |  | 277,945 |  |  | 169,310 |  |  | 108,635 |
Distributor relationships | 85,158 |  |  | 74,124 |  |  | 11,034 |  |  | 79,855 |  |  | 66,469 |  |  | 13,386 |
Other | 26,458 |  |  | 14,392 |  |  | 12,066 |  |  | 22,100 |  |  | 11,400 |  |  | 10,700 |
Total | 3,644,085 |  |  | 1,930,573 |  |  | 1,713,512 |  |  | 3,208,767 |  |  | 1,724,390 |  |  | 1,484,377 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |
Trademarks | 96,699 |  |  | — |  |  | 96,699 |  |  | 96,477 |  |  | — |  |  | 96,477 |
Total intangible assets, net | $ | 3,740,784 |  |  | $ | 1,930,573 |  |  | $ | 1,810,211 |  |  | $ | 3,305,244 |  |  | $ | 1,724,390 |  |  | $ | 1,580,854 |
For the three months ended September 30, 2025 and 2024, amortization expense was $55,763 and $47,838, respectively. For the nine months ended September 30, 2025 and 2024, amortization expense was $155,738 and $135,969, respectively. Amortization expense is primarily comprised of acquisition-related intangible amortization. During the nine months ended September 30, 2025, the Company acquired $345,093 of intangible assets, primarily customer intangibles, through acquisitions within the Pumps & Process Solutions and Clean Energy & Fueling segments. See Note 3 — Acquisitions for further details.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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