XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.22.2

Revenue (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Revenue by reporting unit for the three and six months ended June 30, 2022 and 2021 was as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Pumps | $ | 104.5 |  |  | $ | 89.1 |  |  | $ | 201.9 |  |  | $ | 171.4 |
Water(1) | 81.6 |  |  | 65.5 |  |  | 146.0 |  |  | 124.2 |
Energy | 44.7 |  |  | 40.1 |  |  | 93.0 |  |  | 85.4 |
Agriculture | 38.1 |  |  | 25.1 |  |  | 70.4 |  |  | 51.1 |
Valves(1) | 31.0 |  |  | 31.5 |  |  | 60.6 |  |  | 62.5 |
Intersegment elimination | (0.4) |  |  | (0.4) |  |  | (0.5) |  |  | (0.7) |
Fluid & Metering Technologies | 299.5 |  |  | 250.9 |  |  | 571.4 |  |  | 493.9 |
Scientific Fluidics & Optics | 149.2 |  |  | 130.4 |  |  | 290.4 |  |  | 244.8 |
Sealing Solutions | 68.0 |  |  | 69.1 |  |  | 138.2 |  |  | 134.7 |
Performance Pneumatic Technologies | 65.1 |  |  | 30.3 |  |  | 127.1 |  |  | 63.2 |
Material Processing Technologies | 34.8 |  |  | 36.5 |  |  | 68.5 |  |  | 66.4 |
Micropump | 8.9 |  |  | 8.7 |  |  | 17.0 |  |  | 16.3 |
Intersegment elimination | (0.6) |  |  | (0.7) |  |  | (1.2) |  |  | (1.6) |
Health & Science Technologies | 325.4 |  |  | 274.3 |  |  | 640.0 |  |  | 523.8 |
Fire & Safety | 99.8 |  |  | 98.0 |  |  | 195.5 |  |  | 194.8 |
Dispensing | 43.8 |  |  | 38.9 |  |  | 85.4 |  |  | 75.8 |
BAND-IT | 27.6 |  |  | 23.9 |  |  | 55.0 |  |  | 49.7 |
Intersegment elimination | — |  |  | — |  |  | (0.1) |  |  | — |
Fire & Safety/Diversified Products | 171.2 |  |  | 160.8 |  |  | 335.8 |  |  | 320.3 |
Total net sales | $ | 796.1 |  |  | $ | 686.0 |  |  | $ | 1,547.2 |  |  | $ | 1,338.0 |
(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 and six months ended June 30, 2021.
Schedule of External Net Sales Disaggregated by Geography | Revenue by geographical region for the three and six months ended June 30, 2022 and 2021 was as follows:
| Three Months Ended June 30, 2022
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 170.5 |  |  | $ | 157.7 |  |  | $ | 85.0 |  |  | $ | 413.2 |
North America, excluding U.S. | 16.6 |  |  | 9.5 |  |  | 8.5 |  |  | 34.6 |
Europe | 51.8 |  |  | 92.5 |  |  | 42.0 |  |  | 186.3 |
Asia | 41.2 |  |  | 60.8 |  |  | 26.6 |  |  | 128.6 |
Other (1) | 19.8 |  |  | 5.5 |  |  | 9.1 |  |  | 34.4 |
Intersegment elimination | (0.4) |  |  | (0.6) |  |  | — |  |  | (1.0) |
Total net sales | $ | 299.5 |  |  | $ | 325.4 |  |  | $ | 171.2 |  |  | $ | 796.1 |
| Three Months Ended June 30, 2021
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 131.1 |  |  | $ | 113.9 |  |  | $ | 71.8 |  |  | $ | 316.8 |
North America, excluding U.S. | 14.1 |  |  | 4.4 |  |  | 8.2 |  |  | 26.7 |
Europe | 52.7 |  |  | 95.5 |  |  | 45.4 |  |  | 193.6 |
Asia | 37.9 |  |  | 51.3 |  |  | 26.8 |  |  | 116.0 |
Other (1) | 15.5 |  |  | 9.9 |  |  | 8.6 |  |  | 34.0 |
Intersegment elimination | (0.4) |  |  | (0.7) |  |  | — |  |  | (1.1) |
Total net sales | $ | 250.9 |  |  | $ | 274.3 |  |  | $ | 160.8 |  |  | $ | 686.0 |
| Six Months Ended June 30, 2022
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 320.5 |  |  | $ | 309.7 |  |  | $ | 161.5 |  |  | $ | 791.7 |
North America, excluding U.S. | 33.9 |  |  | 17.0 |  |  | 19.4 |  |  | 70.3 |
Europe | 100.5 |  |  | 183.8 |  |  | 87.0 |  |  | 371.3 |
Asia | 77.7 |  |  | 119.6 |  |  | 50.0 |  |  | 247.3 |
Other (1) | 39.3 |  |  | 11.1 |  |  | 18.0 |  |  | 68.4 |
Intersegment elimination | (0.5) |  |  | (1.2) |  |  | (0.1) |  |  | (1.8) |
Total net sales | $ | 571.4 |  |  | $ | 640.0 |  |  | $ | 335.8 |  |  | $ | 1,547.2 |
| Six Months Ended June 30, 2021
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 262.1 |  |  | $ | 207.6 |  |  | $ | 147.3 |  |  | $ | 617.0 |
North America, excluding U.S. | 28.9 |  |  | 11.5 |  |  | 15.4 |  |  | 55.8 |
Europe | 101.3 |  |  | 172.3 |  |  | 88.0 |  |  | 361.6 |
Asia | 71.6 |  |  | 119.0 |  |  | 53.7 |  |  | 244.3 |
Other (1) | 30.7 |  |  | 15.0 |  |  | 15.9 |  |  | 61.6 |
Intersegment elimination | (0.7) |  |  | (1.6) |  |  | — |  |  | (2.3) |
Total net sales | $ | 493.9 |  |  | $ | 523.8 |  |  | $ | 320.3 |  |  | $ | 1,338.0 |
(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:
| June 30, 2022 |  | December 31, 2021
Billed receivables | $ | 411.6 |  |  | $ | 344.0 |
Unbilled receivables | 9.9 |  |  | 10.9 |
Total customer receivables | $ | 421.5 |  |  | $ | 354.9 |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The composition of Deferred revenue was as follows:
| June 30, 2022 |  | December 31, 2021
Deferred revenue - current | $ | 57.3 |  |  | $ | 49.0 |
Deferred revenue - noncurrent | 28.4 |  |  | 32.2 |
Total deferred revenue | $ | 85.7 |  |  | $ | 81.2 |

X
- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126900757&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=126900757&loc=d3e725-108305 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration