XML 50 R32.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Balance Sheet Components (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Additional Financial Information Disclosure [Abstract] |
Balance Sheet Components |
| December 31,
| 2021 |  | 2020
| (In millions)
RECEIVABLES |  |  |
Customers | $ | 354.9 |  |  | $ | 288.3 |
Other | 8.7 |  |  | 10.9 |
Total | 363.6 |  |  | 299.2 |
Less allowance for doubtful accounts | 7.2 |  |  | 6.1 |
Total receivables - net | $ | 356.4 |  |  | $ | 293.1 |
INVENTORIES |  |  |
Raw materials and components parts | $ | 229.4 |  |  | $ | 173.2 |
Work in process | 47.4 |  |  | 29.5 |
Finished goods | 93.6 |  |  | 87.2 |
Total inventories | $ | 370.4 |  |  | $ | 289.9 |
PROPERTY, PLANT AND EQUIPMENT |  |  |
Land and improvements | $ | 39.1 |  |  | $ | 33.7 |
Buildings and improvements | 197.9 |  |  | 192.4 |
Machinery, equipment and other | 467.8 |  |  | 430.4 |
Office and transportation equipment | 96.7 |  |  | 95.6 |
Construction in progress | 30.5 |  |  | 28.7 |
Total | 832.0 |  |  | 780.8 |
Less accumulated depreciation and amortization | 504.7 |  |  | 482.5 |
Total property, plant and equipment - net | $ | 327.3 |  |  | $ | 298.3 |
ACCRUED EXPENSES |  |  |
Payroll and related items | $ | 91.5 |  |  | $ | 75.2 |
Management incentive compensation | 25.0 |  |  | 15.8 |
Income taxes payable | 17.9 |  |  | 13.4 |
Insurance | 11.0 |  |  | 11.1 |
Warranty | 7.6 |  |  | 7.4 |
Deferred revenue | 49.0 |  |  | 28.4 |
Lease liability | 17.6 |  |  | 16.7 |
Restructuring | 2.8 |  |  | 3.9 |
Accrued interest | 3.6 |  |  | 3.6 |
Pension and retiree medical obligations | 3.5 |  |  | 3.0 |
Other | 30.3 |  |  | 30.3 |
Total accrued expenses | $ | 259.8 |  |  | $ | 208.8 |
OTHER NONCURRENT LIABILITIES |  |  |
Pension and retiree medical obligations | $ | 82.2 |  |  | $ | 99.4 |
Transition tax payable | 14.1 |  |  | 14.2 |
Deferred revenue | 32.2 |  |  | 30.4 |
Lease liability | 93.4 |  |  | 94.3 |
Other | 25.5 |  |  | 28.5 |
Total other noncurrent liabilities | $ | 247.4 |  |  | $ | 266.8 |
Accounts Receivable, Allowance for Credit Loss | The valuation and qualifying account activity for the years ended December 31, 2021 and 2020 is as follows:
| 2021 |  | 2020 |  |
| (In millions)
ALLOWANCE FOR DOUBTFUL ACCOUNTS |
Beginning balance January 1 | $ | 6.1 |  |  | $ | 6.3 |  |  |
Charged to costs and expenses, net of recoveries | 1.5 |  |  | — |  |  |
Utilization | (0.9) |  |  | (0.5) |  |  |
Other adjustments, including acquisitions and currency translation | 0.5 |  |  | 0.3 |  |  |
Ending balance December 31 | $ | 7.2 |  |  | $ | 6.1 |  |  |

X
- Definition Additional Financial Information Disclosure [Abstract] + References No definition available. + Details
Name: | iex_AdditionalFinancialInformationDisclosureAbstract
Namespace Prefix: | iex_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Balance Sheet Components [Table Text Block] + References No definition available. + Details
Name: | iex_BalanceSheetComponentsTableTextBlock
Namespace Prefix: | iex_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration