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v3.24.3

Revenue (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Revenue by reporting unit for the three and nine months ended September 30, 2024 and 2023 was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Pumps | $ | 102.5 |  |  | $ | 94.7 |  |  | $ | 305.8 |  |  | $ | 309.0 |
Water | 87.3 |  |  | 79.8 |  |  | 259.2 |  |  | 261.2 |
Energy | 48.7 |  |  | 53.7 |  |  | 159.0 |  |  | 160.1 |
Agriculture | 33.0 |  |  | 39.2 |  |  | 111.3 |  |  | 117.9 |
Valves | 29.3 |  |  | 33.7 |  |  | 98.6 |  |  | 99.8 |
Intersegment elimination | (0.2) |  |  | (0.6) |  |  | (0.9) |  |  | (2.3) |
Fluid & Metering Technologies | 300.6 |  |  | 300.5 |  |  | 933.0 |  |  | 945.7 |
Scientific Fluidics & Optics | 167.6 |  |  | 162.1 |  |  | 487.9 |  |  | 509.7 |
Sealing Solutions | 57.0 |  |  | 59.2 |  |  | 177.3 |  |  | 186.3 |
Performance Pneumatic Technologies | 58.7 |  |  | 60.0 |  |  | 175.5 |  |  | 195.4 |
Material Processing Technologies | 27.7 |  |  | 29.7 |  |  | 84.2 |  |  | 90.4 |
Micropump(1) | — |  |  | 2.2 |  |  | — |  |  | 21.9 |
Intersegment elimination | (1.1) |  |  | (0.5) |  |  | (2.6) |  |  | (2.3) |
Health & Science Technologies | 309.9 |  |  | 312.7 |  |  | 922.3 |  |  | 1,001.4 |
Fire & Safety | 123.2 |  |  | 112.0 |  |  | 340.0 |  |  | 328.0 |
Dispensing | 35.4 |  |  | 41.9 |  |  | 122.0 |  |  | 122.8 |
BAND-IT | 29.4 |  |  | 26.7 |  |  | 89.4 |  |  | 89.0 |
Intersegment elimination | (0.3) |  |  | (0.4) |  |  | (0.8) |  |  | (1.9) |
Fire & Safety/Diversified Products | 187.7 |  |  | 180.2 |  |  | 550.6 |  |  | 537.9 |
Net sales | $ | 798.2 |  |  | $ | 793.4 |  |  | $ | 2,405.9 |  |  | $ | 2,485.0 |
(1) Revenue from Micropump (sold on August 3, 2023) has been included in the Condensed Consolidated Statements of Income through the date of disposition.
Schedule of External Net Sales Disaggregated by Geography | Revenue by geographical region for the three and nine months ended September 30, 2024 and 2023 was as follows:
| Three Months Ended September 30, 2024
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 168.5 |  |  | $ | 139.9 |  |  | $ | 88.9 |  |  | $ | 397.3 |
North America, excluding U.S. | 17.2 |  |  | 6.0 |  |  | 10.0 |  |  | 33.2 |
Europe | 45.7 |  |  | 100.4 |  |  | 44.4 |  |  | 190.5 |
Asia | 43.6 |  |  | 59.4 |  |  | 35.1 |  |  | 138.1 |
Other(1) | 25.8 |  |  | 5.3 |  |  | 9.6 |  |  | 40.7 |
Intersegment elimination | (0.2) |  |  | (1.1) |  |  | (0.3) |  |  | (1.6) |
Net sales | $ | 300.6 |  |  | $ | 309.9 |  |  | $ | 187.7 |  |  | $ | 798.2 |
| Three Months Ended September 30, 2023
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 168.4 |  |  | $ | 139.2 |  |  | $ | 94.4 |  |  | $ | 402.0 |
North America, excluding U.S. | 15.5 |  |  | 3.2 |  |  | 8.8 |  |  | 27.5 |
Europe | 52.3 |  |  | 106.0 |  |  | 39.0 |  |  | 197.3 |
Asia | 43.1 |  |  | 57.8 |  |  | 29.0 |  |  | 129.9 |
Other(1) | 21.8 |  |  | 7.0 |  |  | 9.4 |  |  | 38.2 |
Intersegment elimination | (0.6) |  |  | (0.5) |  |  | (0.4) |  |  | (1.5) |
Net sales | $ | 300.5 |  |  | $ | 312.7 |  |  | $ | 180.2 |  |  | $ | 793.4 |
| Nine Months Ended September 30, 2024
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 522.3 |  |  | $ | 420.6 |  |  | $ | 259.5 |  |  | $ | 1,202.4 |
North America, excluding U.S. | 50.8 |  |  | 16.3 |  |  | 26.3 |  |  | 93.4 |
Europe | 159.8 |  |  | 303.0 |  |  | 135.7 |  |  | 598.5 |
Asia | 129.8 |  |  | 168.9 |  |  | 102.3 |  |  | 401.0 |
Other(1) | 71.2 |  |  | 16.1 |  |  | 27.6 |  |  | 114.9 |
Intersegment elimination | (0.9) |  |  | (2.6) |  |  | (0.8) |  |  | (4.3) |
Net sales | $ | 933.0 |  |  | $ | 922.3 |  |  | $ | 550.6 |  |  | $ | 2,405.9 |
| Nine Months Ended September 30, 2023
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 525.9 |  |  | $ | 437.3 |  |  | $ | 280.5 |  |  | $ | 1,243.7 |
North America, excluding U.S. | 52.8 |  |  | 16.6 |  |  | 25.4 |  |  | 94.8 |
Europe | 163.0 |  |  | 338.1 |  |  | 126.1 |  |  | 627.2 |
Asia | 137.0 |  |  | 189.6 |  |  | 80.4 |  |  | 407.0 |
Other(1) | 69.3 |  |  | 22.1 |  |  | 27.4 |  |  | 118.8 |
Intersegment elimination | (2.3) |  |  | (2.3) |  |  | (1.9) |  |  | (6.5) |
Net sales | $ | 945.7 |  |  | $ | 1,001.4 |  |  | $ | 537.9 |  |  | $ | 2,485.0 |
(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:
| September 30, 2024 |  | December 31, 2023
Billed receivables | $ | 451.4 |  |  | $ | 408.1 |
Unbilled receivables | 15.9 |  |  | 10.9 |
Total customer receivables | $ | 467.3 |  |  | $ | 419.0 |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The composition of deferred revenue was as follows:
| September 30, 2024 |  | December 31, 2023
Deferred revenue – current | $ | 65.0 |  |  | $ | 55.9 |
Deferred revenue – noncurrent | 16.3 |  |  | 17.3 |
Total deferred revenue | $ | 81.3 |  |  | $ | 73.2 |

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