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v3.23.2

Revenue (Tables) | 6 Months Ended
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Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Revenue by reporting unit for the three and six months ended June 30, 2023 and 2022 was as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
Pumps | $ | 109.2 |  |  | $ | 104.5 |  |  | $ | 214.3 |  |  | $ | 201.9 |  |  |  |  |
Water | 87.3 |  |  | 81.6 |  |  | 181.4 |  |  | 146.0 |  |  |  |  |
Energy | 55.7 |  |  | 44.7 |  |  | 106.4 |  |  | 93.0 |  |  |  |  |
Agriculture | 40.1 |  |  | 38.1 |  |  | 78.7 |  |  | 70.4 |  |  |  |  |
Valves | 32.8 |  |  | 31.0 |  |  | 66.1 |  |  | 60.6 |  |  |  |  |
Intersegment elimination | (1.0) |  |  | (0.4) |  |  | (1.7) |  |  | (0.5) |  |  |  |  |
Fluid & Metering Technologies | 324.1 |  |  | 299.5 |  |  | 645.2 |  |  | 571.4 |  |  |  |  |
Scientific Fluidics & Optics | 169.0 |  |  | 149.2 |  |  | 347.6 |  |  | 290.4 |  |  |  |  |
Performance Pneumatic Technologies | 66.0 |  |  | 65.1 |  |  | 135.4 |  |  | 127.1 |  |  |  |  |
Sealing Solutions | 62.4 |  |  | 68.0 |  |  | 127.1 |  |  | 138.2 |  |  |  |  |
Material Processing Technologies | 33.0 |  |  | 34.8 |  |  | 60.7 |  |  | 68.5 |  |  |  |  |
Micropump | 9.1 |  |  | 8.9 |  |  | 19.7 |  |  | 17.0 |  |  |  |  |
Intersegment elimination | (1.1) |  |  | (0.6) |  |  | (1.8) |  |  | (1.2) |  |  |  |  |
Health & Science Technologies | 338.4 |  |  | 325.4 |  |  | 688.7 |  |  | 640.0 |  |  |  |  |
Fire & Safety | 109.8 |  |  | 99.8 |  |  | 216.0 |  |  | 195.5 |  |  |  |  |
Dispensing | 44.7 |  |  | 43.8 |  |  | 80.9 |  |  | 85.4 |  |  |  |  |
BAND-IT | 30.3 |  |  | 27.6 |  |  | 62.3 |  |  | 55.0 |  |  |  |  |
Intersegment elimination | (1.1) |  |  | — |  |  | (1.5) |  |  | (0.1) |  |  |  |  |
Fire & Safety/Diversified Products | 183.7 |  |  | 171.2 |  |  | 357.7 |  |  | 335.8 |  |  |  |  |
Net sales | $ | 846.2 |  |  | $ | 796.1 |  |  | $ | 1,691.6 |  |  | $ | 1,547.2 |  |  |  |  |
Schedule of External Net Sales Disaggregated by Geography | Revenue by geographical region for the three and six months ended June 30, 2023 and 2022 was as follows:
| Three Months Ended June 30, 2023
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 180.7 |  |  | $ | 148.5 |  |  | $ | 96.7 |  |  | $ | 425.9 |
North America, excluding U.S. | 17.9 |  |  | 8.2 |  |  | 8.1 |  |  | 34.2 |
Europe | 51.5 |  |  | 111.2 |  |  | 42.4 |  |  | 205.1 |
Asia | 48.8 |  |  | 65.2 |  |  | 28.0 |  |  | 142.0 |
Other (1) | 26.2 |  |  | 6.4 |  |  | 9.6 |  |  | 42.2 |
Intersegment elimination | (1.0) |  |  | (1.1) |  |  | (1.1) |  |  | (3.2) |
Net sales | $ | 324.1 |  |  | $ | 338.4 |  |  | $ | 183.7 |  |  | $ | 846.2 |
| 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) |
Net sales | $ | 299.5 |  |  | $ | 325.4 |  |  | $ | 171.2 |  |  | $ | 796.1 |
| Six Months Ended June 30, 2023
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 357.5 |  |  | $ | 298.1 |  |  | $ | 186.1 |  |  | $ | 841.7 |
North America, excluding U.S. | 37.3 |  |  | 13.4 |  |  | 16.6 |  |  | 67.3 |
Europe | 110.7 |  |  | 232.1 |  |  | 87.1 |  |  | 429.9 |
Asia | 93.9 |  |  | 131.8 |  |  | 51.4 |  |  | 277.1 |
Other (1) | 47.5 |  |  | 15.1 |  |  | 18.0 |  |  | 80.6 |
Intersegment elimination | (1.7) |  |  | (1.8) |  |  | (1.5) |  |  | (5.0) |
Net sales | $ | 645.2 |  |  | $ | 688.7 |  |  | $ | 357.7 |  |  | $ | 1,691.6 |
| 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) |
Net sales | $ | 571.4 |  |  | $ | 640.0 |  |  | $ | 335.8 |  |  | $ | 1,547.2 |
(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, 2023 |  | December 31, 2022
Billed receivables | $ | 437.6 |  |  | $ | 421.3 |
Unbilled receivables | 9.5 |  |  | 10.0 |
Total customer receivables | $ | 447.1 |  |  | $ | 431.3 |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The composition of deferred revenue was as follows:
| June 30, 2023 |  | December 31, 2022
Deferred revenue - current | $ | 51.3 |  |  | $ | 44.7 |
Deferred revenue - noncurrent | 12.6 |  |  | 15.0 |
Total deferred revenue | $ | 63.9 |  |  | $ | 59.7 |

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