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v3.22.2.2

Revenue (Tables) | 9 Months Ended
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Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Revenue by reporting unit for the three and nine months ended September 30, 2022 and 2021 was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Pumps | $ | 102.6 |  |  | $ | 90.0 |  |  | $ | 304.5 |  |  | $ | 261.4 |
Water | 82.1 |  |  | 64.8 |  |  | 228.1 |  |  | 189.0 |
Energy | 51.3 |  |  | 40.5 |  |  | 144.3 |  |  | 125.9 |
Agriculture | 42.1 |  |  | 26.9 |  |  | 112.5 |  |  | 78.0 |
Valves | 29.5 |  |  | 29.1 |  |  | 90.1 |  |  | 91.6 |
Intersegment elimination | (0.2) |  |  | — |  |  | (0.7) |  |  | (0.7) |
Fluid & Metering Technologies | 307.4 |  |  | 251.3 |  |  | 878.8 |  |  | 745.2 |
Scientific Fluidics & Optics(1) | 172.4 |  |  | 131.2 |  |  | 462.8 |  |  | 376.0 |
Sealing Solutions | 64.9 |  |  | 67.7 |  |  | 203.1 |  |  | 202.4 |
Performance Pneumatic Technologies | 64.1 |  |  | 62.2 |  |  | 191.2 |  |  | 125.4 |
Material Processing Technologies | 34.6 |  |  | 32.7 |  |  | 103.1 |  |  | 99.1 |
Micropump | 9.0 |  |  | 8.5 |  |  | 26.0 |  |  | 24.8 |
Intersegment elimination | (0.7) |  |  | (0.7) |  |  | (1.9) |  |  | (2.3) |
Health & Science Technologies | 344.3 |  |  | 301.6 |  |  | 984.3 |  |  | 825.4 |
Fire & Safety | 100.6 |  |  | 92.3 |  |  | 296.1 |  |  | 287.1 |
Dispensing | 42.8 |  |  | 41.7 |  |  | 128.2 |  |  | 117.5 |
BAND-IT | 29.0 |  |  | 25.1 |  |  | 84.0 |  |  | 74.8 |
Intersegment elimination | (0.1) |  |  | — |  |  | (0.2) |  |  | — |
Fire & Safety/Diversified Products | 172.3 |  |  | 159.1 |  |  | 508.1 |  |  | 479.4 |
Total net sales | $ | 824.0 |  |  | $ | 712.0 |  |  | $ | 2,371.2 |  |  | $ | 2,050.0 |
(1) The three and nine months ended September 30, 2022 include the acceleration of $17.9 million of previously deferred revenue related to a customer’s decision to discontinue further investment in commercializing its COVID-19 testing application. See Note 13 for further detail.
Schedule of External Net Sales Disaggregated by Geography | Revenue by geographical region for the three and nine months ended September 30, 2022 and 2021 was as follows:
| Three Months Ended September 30, 2022
| FMT |  | HST |  | FSDP |  | IDEX
U.S.(1) | $ | 178.4 |  |  | $ | 175.0 |  |  | $ | 93.5 |  |  | $ | 446.9 |
North America, excluding U.S. | 20.4 |  |  | 3.3 |  |  | 8.4 |  |  | 32.1 |
Europe(1) | 47.2 |  |  | 93.0 |  |  | 36.8 |  |  | 177.0 |
Asia | 39.1 |  |  | 67.4 |  |  | 25.4 |  |  | 131.9 |
Other(2) | 22.5 |  |  | 6.3 |  |  | 8.3 |  |  | 37.1 |
Intersegment elimination | (0.2) |  |  | (0.7) |  |  | (0.1) |  |  | (1.0) |
Total net sales | $ | 307.4 |  |  | $ | 344.3 |  |  | $ | 172.3 |  |  | $ | 824.0 |
| Three Months Ended September 30, 2021
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 137.0 |  |  | $ | 148.2 |  |  | $ | 80.0 |  |  | $ | 365.2 |
North America, excluding U.S. | 13.7 |  |  | 5.2 |  |  | 7.2 |  |  | 26.1 |
Europe | 48.8 |  |  | 86.5 |  |  | 39.9 |  |  | 175.2 |
Asia | 36.9 |  |  | 60.0 |  |  | 24.4 |  |  | 121.3 |
Other(2) | 14.9 |  |  | 2.4 |  |  | 7.6 |  |  | 24.9 |
Intersegment elimination | — |  |  | (0.7) |  |  | — |  |  | (0.7) |
Total net sales | $ | 251.3 |  |  | $ | 301.6 |  |  | $ | 159.1 |  |  | $ | 712.0 |
| Nine Months Ended September 30, 2022
| FMT |  | HST |  | FSDP |  | IDEX
U.S.(1) | $ | 498.9 |  |  | $ | 484.7 |  |  | $ | 255.0 |  |  | $ | 1,238.6 |
North America, excluding U.S. | 54.3 |  |  | 20.3 |  |  | 27.8 |  |  | 102.4 |
Europe(1) | 147.7 |  |  | 276.8 |  |  | 123.8 |  |  | 548.3 |
Asia | 116.8 |  |  | 187.0 |  |  | 75.4 |  |  | 379.2 |
Other(2) | 61.8 |  |  | 17.4 |  |  | 26.3 |  |  | 105.5 |
Intersegment elimination | (0.7) |  |  | (1.9) |  |  | (0.2) |  |  | (2.8) |
Total net sales | $ | 878.8 |  |  | $ | 984.3 |  |  | $ | 508.1 |  |  | $ | 2,371.2 |
| Nine Months Ended September 30, 2021
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 399.1 |  |  | $ | 355.8 |  |  | $ | 227.3 |  |  | $ | 982.2 |
North America, excluding U.S. | 42.6 |  |  | 16.7 |  |  | 22.6 |  |  | 81.9 |
Europe | 150.1 |  |  | 258.8 |  |  | 127.9 |  |  | 536.8 |
Asia | 108.5 |  |  | 179.0 |  |  | 78.1 |  |  | 365.6 |
Other(2) | 45.6 |  |  | 17.4 |  |  | 23.5 |  |  | 86.5 |
Intersegment elimination | (0.7) |  |  | (2.3) |  |  | — |  |  | (3.0) |
Total net sales | $ | 745.2 |  |  | $ | 825.4 |  |  | $ | 479.4 |  |  | $ | 2,050.0 |
(1) Includes the acceleration of $17.9 million of previously deferred revenue related to a customer’s decision to discontinue further investment in commercializing its COVID-19 testing application, of which $9.5 million was recognized in the U.S. and $8.4 million was recognized in Europe in both the three and nine months ended September 30, 2022. See Note 13 for further detail.(2) 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:
| September 30, 2022 |  | December 31, 2021
Billed receivables | $ | 393.0 |  |  | $ | 344.0 |
Unbilled receivables | 9.2 |  |  | 10.9 |
Total customer receivables | $ | 402.2 |  |  | $ | 354.9 |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The composition of Deferred revenue was as follows:
| September 30, 2022 |  | December 31, 2021
Deferred revenue - current | $ | 45.2 |  |  | $ | 49.0 |
Deferred revenue - noncurrent | 14.6 |  |  | 32.2 |
Total deferred revenue(1) | $ | 59.8 |  |  | $ | 81.2 |
(1) The balance as of September 30, 2022 has been reduced by the acceleration of previously deferred revenue of $17.9 million related to a customer’s decision to discontinue further investment in commercializing its COVID-19 testing application. See Note 13 for further detail.

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