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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill for the six months ended June 30, 2022, by reportable business segment, were as follows:
| FMT |  | HST |  | FSDP |  | IDEX
Goodwill | $ | 701.7 |  |  | $ | 1,264.3 |  |  | $ | 402.3 |  |  | $ | 2,368.3 |
Accumulated goodwill impairment losses | (20.7) |  |  | (149.8) |  |  | (30.1) |  |  | (200.6) |
Balance at December 31, 2021 | 681.0 |  |  | 1,114.5 |  |  | 372.2 |  |  | 2,167.7 |
Foreign currency translation | (9.7) |  |  | (24.7) |  |  | (10.8) |  |  | (45.2) |
Acquisitions | 114.9 |  |  | — |  |  | — |  |  | 114.9 |
Acquisition adjustments | 0.3 |  |  | 0.9 |  |  | — |  |  | 1.2 |
Balance at June 30, 2022 | $ | 786.5 |  |  | $ | 1,090.7 |  |  | $ | 361.4 |  |  | $ | 2,238.6 |
Schedule of Gross Carrying Value and Accumulated Amortization For Each Major Class of Intangible Asset | The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset at June 30, 2022 and December 31, 2021:
| At June 30, 2022 |  |  |  | At December 31, 2021
| Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Weighted Average Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | $ | 3.0 |  |  | $ | (1.9) |  |  | $ | 1.1 |  |  | 10 |  | $ | 3.2 |  |  | $ | (2.0) |  |  | $ | 1.2 |
Trade names | 157.9 |  |  | (76.2) |  |  | 81.7 |  |  | 15 |  | 140.9 |  |  | (72.4) |  |  | 68.5 |
Customer relationships | 551.1 |  |  | (159.7) |  |  | 391.4 |  |  | 13 |  | 495.9 |  |  | (144.2) |  |  | 351.7 |
Unpatented technology | 148.4 |  |  | (63.0) |  |  | 85.4 |  |  | 13 |  | 143.8 |  |  | (58.8) |  |  | 85.0 |
Software | 4.7 |  |  | (0.2) |  |  | 4.5 |  |  | 5 |  | — |  |  | — |  |  | — |
Total amortized intangible assets | 865.1 |  |  | (301.0) |  |  | 564.1 |  |  |  |  | 783.8 |  |  | (277.4) |  |  | 506.4 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Banjo trade name | 62.1 |  |  | — |  |  | 62.1 |  |  |  |  | 62.1 |  |  | — |  |  | 62.1 |
Akron Brass trade name | 28.8 |  |  | — |  |  | 28.8 |  |  |  |  | 28.8 |  |  | — |  |  | 28.8 |
Total intangible assets | $ | 956.0 |  |  | $ | (301.0) |  |  | $ | 655.0 |  |  |  |  | $ | 874.7 |  |  | $ | (277.4) |  |  | $ | 597.3 |

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