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v3.23.1

Revenue (Tables) | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Revenue by reporting unit for the three months ended March 31, 2023 and 2022 was as follows:
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Pumps | $ | 105.1 |  |  | $ | 97.4 |  |  |  |  |
Water | 94.1 |  |  | 64.4 |  |  |  |  |
Energy | 50.7 |  |  | 48.3 |  |  |  |  |
Agriculture | 38.6 |  |  | 32.3 |  |  |  |  |
Valves | 33.3 |  |  | 29.6 |  |  |  |  |
Intersegment elimination | (0.7) |  |  | (0.1) |  |  |  |  |
Fluid & Metering Technologies | 321.1 |  |  | 271.9 |  |  |  |  |
Scientific Fluidics & Optics | 178.6 |  |  | 141.2 |  |  |  |  |
Performance Pneumatic Technologies | 69.4 |  |  | 62.0 |  |  |  |  |
Sealing Solutions | 64.7 |  |  | 70.2 |  |  |  |  |
Material Processing Technologies | 27.7 |  |  | 33.7 |  |  |  |  |
Micropump | 10.6 |  |  | 8.1 |  |  |  |  |
Intersegment elimination | (0.7) |  |  | (0.6) |  |  |  |  |
Health & Science Technologies | 350.3 |  |  | 314.6 |  |  |  |  |
Fire & Safety | 106.2 |  |  | 95.7 |  |  |  |  |
Dispensing | 36.2 |  |  | 41.6 |  |  |  |  |
BAND-IT | 32.0 |  |  | 27.4 |  |  |  |  |
Intersegment elimination | (0.4) |  |  | (0.1) |  |  |  |  |
Fire & Safety/Diversified Products | 174.0 |  |  | 164.6 |  |  |  |  |
Net sales | $ | 845.4 |  |  | $ | 751.1 |  |  |  |  |
Schedule of External Net Sales Disaggregated by Geography | Revenue by geographical region for the three months ended March 31, 2023 and 2022 was as follows:
| Three Months Ended March 31, 2023
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 176.8 |  |  | $ | 149.6 |  |  | $ | 89.4 |  |  | $ | 415.8 |
North America, excluding U.S. | 19.4 |  |  | 5.2 |  |  | 8.5 |  |  | 33.1 |
Europe | 59.2 |  |  | 120.9 |  |  | 44.7 |  |  | 224.8 |
Asia | 45.1 |  |  | 66.6 |  |  | 23.4 |  |  | 135.1 |
Other (1) | 21.3 |  |  | 8.7 |  |  | 8.4 |  |  | 38.4 |
Intersegment elimination | (0.7) |  |  | (0.7) |  |  | (0.4) |  |  | (1.8) |
Net sales | $ | 321.1 |  |  | $ | 350.3 |  |  | $ | 174.0 |  |  | $ | 845.4 |
| 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) |
Net sales | $ | 271.9 |  |  | $ | 314.6 |  |  | $ | 164.6 |  |  | $ | 751.1 |
(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, 2023 |  | December 31, 2022
Billed receivables | $ | 428.5 |  |  | $ | 421.3 |
Unbilled receivables | 10.2 |  |  | 10.0 |
Total customer receivables | $ | 438.7 |  |  | $ | 431.3 |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The composition of deferred revenue was as follows:
| March 31, 2023 |  | December 31, 2022
Deferred revenue - current | $ | 55.4 |  |  | $ | 44.7 |
Deferred revenue - noncurrent | 14.5 |  |  | 15.0 |
Total deferred revenue | $ | 69.9 |  |  | $ | 59.7 |

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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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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- 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
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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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 + Details
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- 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
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