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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2021
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Revenue by reporting unit for the years ended December 31, 2021, 2020 and 2019 was as follows:
| For the Year Ended December 31,
| 2021 |  | 2020 |  | 2019
| (In millions)
Pumps | $ | 345.1 |  |  | $ | 265.3 |  |  | $ | 331.1 |
Water(1) | 255.3 |  |  | 225.3 |  |  | 239.9 |
Energy | 169.0 |  |  | 200.0 |  |  | 164.8 |
Valves(1) | 121.9 |  |  | 118.6 |  |  | 129.0 |
Agriculture | 107.4 |  |  | 87.1 |  |  | 92.2 |
Intersegment elimination | (0.7) |  |  | (0.9) |  |  | (0.5) |
Fluid & Metering Technologies | 998.0 |  |  | 895.4 |  |  | 956.5 |
Scientific Fluidics & Optics | 508.0 |  |  | 415.8 |  |  | 434.6 |
Sealing Solutions | 264.2 |  |  | 207.6 |  |  | 200.5 |
Performance Pneumatic Technologies(2) | 182.2 |  |  | 122.9 |  |  | 133.5 |
Material Processing Technologies | 134.5 |  |  | 120.0 |  |  | 113.6 |
Micropump | 32.9 |  |  | 29.7 |  |  | 32.2 |
Intersegment elimination | (2.8) |  |  | (2.6) |  |  | (1.8) |
Health & Science Technologies | 1,119.0 |  |  | 893.4 |  |  | 912.6 |
Fire & Safety | 377.5 |  |  | 376.3 |  |  | 404.0 |
Dispensing | 169.6 |  |  | 98.5 |  |  | 116.2 |
BAND-IT | 100.8 |  |  | 88.1 |  |  | 106.6 |
Intersegment elimination | (0.1) |  |  | (0.1) |  |  | (1.3) |
Fire & Safety/Diversified Products | 647.8 |  |  | 562.8 |  |  | 625.5 |
Total net sales | $ | 2,764.8 |  |  | $ | 2,351.6 |  |  | $ | 2,494.6 |
(1) During the third quarter of 2021, the Company merged a business in the Water reporting unit with a business in the Valves reporting unit. Revenue for each reporting unit has been restated to reflect this change for all years presented. (2) This reporting unit was previously named Gast and was renamed Performance Pneumatic Technologies upon the acquisition of Airtech. Prior to 2021, amounts reflect only the Gast business.
Schedule of External Net Sales Disaggregated by Geography | Revenue by geographical region for the years ended December 31, 2021, 2020 and 2019 was as follows:
| For the Year Ended December 31, 2021
| FMT |  | HST |  | FSDP |  | IDEX
| (In millions)
U.S. | $ | 532.9 |  |  | $ | 489.7 |  |  | $ | 317.0 |  |  | $ | 1,339.6 |
North America, excluding U.S. | 61.6 |  |  | 23.7 |  |  | 28.5 |  |  | 113.8 |
Europe | 197.2 |  |  | 341.0 |  |  | 161.5 |  |  | 699.7 |
Asia | 143.7 |  |  | 241.8 |  |  | 110.0 |  |  | 495.5 |
Other (1) | 63.3 |  |  | 25.6 |  |  | 30.9 |  |  | 119.8 |
Intersegment elimination | (0.7) |  |  | (2.8) |  |  | (0.1) |  |  | (3.6) |
Total net sales | $ | 998.0 |  |  | $ | 1,119.0 |  |  | $ | 647.8 |  |  | $ | 2,764.8 |
| For the Year Ended December 31, 2020
| FMT |  | HST |  | FSDP |  | IDEX
| (In millions)
U.S. | $ | 505.8 |  |  | $ | 387.6 |  |  | $ | 269.9 |  |  | $ | 1,163.3 |
North America, excluding U.S. | 52.8 |  |  | 21.3 |  |  | 23.2 |  |  | 97.3 |
Europe | 174.9 |  |  | 249.8 |  |  | 149.2 |  |  | 573.9 |
Asia | 109.1 |  |  | 221.2 |  |  | 94.2 |  |  | 424.5 |
Other (1) | 53.7 |  |  | 16.1 |  |  | 26.4 |  |  | 96.2 |
Intersegment elimination | (0.9) |  |  | (2.6) |  |  | (0.1) |  |  | (3.6) |
Total net sales | $ | 895.4 |  |  | $ | 893.4 |  |  | $ | 562.8 |  |  | $ | 2,351.6 |
| For the Year Ended December 31, 2019
| FMT |  | HST |  | FSDP |  | IDEX
| (In millions)
U.S. | $ | 542.0 |  |  | $ | 411.7 |  |  | $ | 303.6 |  |  | $ | 1,257.3 |
North America, excluding U.S. | 58.3 |  |  | 21.7 |  |  | 26.3 |  |  | 106.3 |
Europe | 170.7 |  |  | 263.5 |  |  | 159.2 |  |  | 593.4 |
Asia | 125.0 |  |  | 201.8 |  |  | 103.4 |  |  | 430.2 |
Other (1) | 61.0 |  |  | 15.7 |  |  | 34.3 |  |  | 111.0 |
Intersegment elimination | (0.5) |  |  | (1.8) |  |  | (1.3) |  |  | (3.6) |
Total net sales | $ | 956.5 |  |  | $ | 912.6 |  |  | $ | 625.5 |  |  | $ | 2,494.6 |
(1) Other includes: South America, Middle East, Australia and Africa.
Schedule of Contract with Customer, Asset and Liability | The composition of Customer receivables was as follows:
| December 31, 2021 |  | December 31, 2020
| (In millions)
Billed receivables | $ | 344.0 |  |  | $ | 273.5 |
Unbilled receivables | 10.9 |  |  | 14.8 |
Total customer receivables | $ | 354.9 |  |  | $ | 288.3 |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The composition of Deferred revenue was as follows:
| December 31, 2021 |  | December 31, 2020
| (In millions)
Deferred revenue - current | $ | 49.0 |  |  | $ | 28.4 |
Deferred revenue - noncurrent | 32.2 |  |  | 30.4 |
Total deferred revenue | $ | 81.2 |  |  | $ | 58.8 |

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