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Revenue (Tables) | 3 Months Ended
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Mar. 31, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Revenue by reporting unit for the three months ended March 31, 2022 and 2021 was as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021
Pumps |  |  |  |  | $ | 97.4 |  |  | $ | 82.3 |
Water(1) |  |  |  |  | 64.4 |  |  | 58.7 |
Energy |  |  |  |  | 48.3 |  |  | 45.3 |
Agriculture |  |  |  |  | 32.3 |  |  | 26.0 |
Valves(1) |  |  |  |  | 29.6 |  |  | 31.0 |
Intersegment elimination |  |  |  |  | (0.1) |  |  | (0.3) |
Fluid & Metering Technologies |  |  |  |  | 271.9 |  |  | 243.0 |
Scientific Fluidics & Optics |  |  |  |  | 141.2 |  |  | 114.4 |
Sealing Solutions |  |  |  |  | 70.2 |  |  | 65.6 |
Performance Pneumatic Technologies(2) |  |  |  |  | 62.0 |  |  | 32.9 |
Material Processing Technologies |  |  |  |  | 33.7 |  |  | 29.9 |
Micropump |  |  |  |  | 8.1 |  |  | 7.6 |
Intersegment elimination |  |  |  |  | (0.6) |  |  | (0.9) |
Health & Science Technologies |  |  |  |  | 314.6 |  |  | 249.5 |
Fire & Safety |  |  |  |  | 95.7 |  |  | 96.8 |
Dispensing |  |  |  |  | 41.6 |  |  | 36.9 |
BAND-IT |  |  |  |  | 27.4 |  |  | 25.8 |
Intersegment elimination |  |  |  |  | (0.1) |  |  | — |
Fire & Safety/Diversified Products |  |  |  |  | 164.6 |  |  | 159.5 |
Total net sales |  |  |  |  | $ | 751.1 |  |  | $ | 652.0 |
(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 the three months ended March 31, 2021. (2) This reporting unit was previously named Gast and was renamed Performance Pneumatic Technologies upon the acquisition of Airtech on June 14, 2021. Prior to the acquisition date, amounts reflect only the Gast business.
Schedule of External Net Sales Disaggregated by Geography | Revenue by geographical region for the three months ended March 31, 2022 and 2021 was as follows:
| Three Months Ended March 31, 2022
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 150.0 |  |  | $ | 152.0 |  |  | $ | 76.5 |  |  | $ | 378.5 |
North America, excluding U.S. | 17.3 |  |  | 7.5 |  |  | 10.9 |  |  | 35.7 |
Europe | 48.7 |  |  | 91.3 |  |  | 45.0 |  |  | 185.0 |
Asia | 36.5 |  |  | 58.8 |  |  | 23.4 |  |  | 118.7 |
Other (1) | 19.5 |  |  | 5.6 |  |  | 8.9 |  |  | 34.0 |
Intersegment elimination | (0.1) |  |  | (0.6) |  |  | (0.1) |  |  | (0.8) |
Total net sales | $ | 271.9 |  |  | $ | 314.6 |  |  | $ | 164.6 |  |  | $ | 751.1 |
| Three Months Ended March 31, 2021
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 131.0 |  |  | $ | 93.7 |  |  | $ | 75.5 |  |  | $ | 300.2 |
North America, excluding U.S. | 14.8 |  |  | 7.1 |  |  | 7.2 |  |  | 29.1 |
Europe | 48.6 |  |  | 76.8 |  |  | 42.6 |  |  | 168.0 |
Asia | 33.7 |  |  | 67.7 |  |  | 26.9 |  |  | 128.3 |
Other (1) | 15.2 |  |  | 5.1 |  |  | 7.3 |  |  | 27.6 |
Intersegment elimination | (0.3) |  |  | (0.9) |  |  | — |  |  | (1.2) |
Total net sales | $ | 243.0 |  |  | $ | 249.5 |  |  | $ | 159.5 |  |  | $ | 652.0 |
(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:
| March 31, 2022 |  | December 31, 2021
Billed receivables | $ | 397.3 |  |  | $ | 344.0 |
Unbilled receivables | 10.1 |  |  | 10.9 |
Total customer receivables | $ | 407.4 |  |  | $ | 354.9 |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The composition of Deferred revenue was as follows:
| March 31, 2022 |  | December 31, 2021
Deferred revenue - current | $ | 59.8 |  |  | $ | 49.0 |
Deferred revenue - noncurrent | 30.8 |  |  | 32.2 |
Total deferred revenue | $ | 90.6 |  |  | $ | 81.2 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 + Details
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