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Business Segments and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Information on Company's Business Segments
Financial information for the Company’s reportable business segments is presented below:
For the Year Ended December 31, 2025
HSTFMTFSDPTotal SegmentsEliminationsIDEX
NET SALES
External customers$1,490.7 $1,222.5 $744.3 $3,457.5 $— $3,457.5 
Intersegment sales4.8 1.5 1.0 7.3 (7.3)— 
 Net sales1,495.5 1,224.0 745.3 3,464.8 (7.3)3,457.5 
Adjusted segment cost of sales(1)
(885.5)(622.8)(417.1)(1,925.4)7.3 (1,918.1)
Other segment expenses(2)
(212.2)(194.4)(114.7)(521.3)
Segment Adjusted EBITDA397.8 406.8 213.5 1,018.1 

For the Year Ended December 31, 2024
HSTFMTFSDPTotal SegmentsEliminationsIDEX
NET SALES
External customers$1,294.0 $1,231.8 $743.0 $3,268.8 $— $3,268.8 
Intersegment sales4.1 1.4 1.3 6.8 (6.8)— 
 Net sales1,298.1 1,233.2 744.3 3,275.6 (6.8)3,268.8 
Adjusted segment cost of sales(1)
(769.5)(639.4)(411.9)(1,820.8)6.8 (1,814.0)
Other segment expenses(2)
(181.8)(187.5)(118.2)(487.5)
Segment Adjusted EBITDA346.8 406.3 214.2 967.3 

For the Year Ended December 31, 2023
HSTFMTFSDPTotal SegmentsEliminationsIDEX
NET SALES
External customers$1,313.5 $1,244.2 $716.2 $3,273.9 $— $3,273.9 
Intersegment sales2.9 2.9 2.6 8.4 (8.4)— 
 Net sales1,316.4 1,247.1 718.8 3,282.3 (8.4)3,273.9 
Adjusted segment cost of sales(1)
(783.1)(650.1)(400.6)(1,833.8)8.4 (1,825.4)
Other segment expenses(2)
(173.8)(180.9)(109.6)(464.3)
Segment Adjusted EBITDA359.5 416.1 208.6 984.2 
(1) Adjusted segment cost of sales represents Cost of sales excluding fair value inventory step-up charges. There were step-up charges of $0.6 million, $9.6 million, and $1.6 million recorded during the years ended December 31, 2025, 2024 and 2023, respectively. All step-up charges were recorded within the HST segment.
(2) Other segment expenses consists primarily of selling, general and administrative expenses.

202520242023
ADJUSTED EBITDA
Health & Science Technologies $397.8 $346.8 $359.5 
Fluid & Metering Technologies 406.8 406.3 416.1 
Fire & Safety/Diversified Products213.5 214.2 208.6 
Segment Adjusted EBITDA1,018.1 967.3 984.2 
Corporate and other(1)
(92.2)(93.0)(84.6)
Interest expense - net(64.4)(44.5)(51.7)
Depreciation(75.8)(68.5)(57.2)
Amortization of intangible assets(130.7)(107.1)(94.9)
Fair value inventory step-up charges(0.6)(9.6)(1.6)
Restructuring expenses and asset impairments(20.7)(9.3)(10.9)
Gain on sale of businesses - net— 4.0 84.7 
Loss on sale of assets
(1.1)— — 
Credit loss on note receivable from collaborative partner(2)
— — (7.7)
Income before income taxes$632.6 $639.3 $760.3 

(1) Corporate expenses that can be identified with a segment have been included in determining segment results. The remainder is included in Corporate and other.
(2) Represents a reserve recorded on an investment with a collaborative partner in Other expense (income) – net during 2023. During the fourth quarter of 2023, the Company converted the promissory note receivable from the collaborative partner to equity, resulting in a cost method investment with zero value. See Note 3, “Collaborative Investments,” for further detail.
202520242023
DEPRECIATION
Health & Science Technologies$47.9 $41.2 $33.2 
Fluid & Metering Technologies17.9 17.3 14.1 
Fire & Safety/Diversified Products9.2 9.0 8.9 
Total Segments75.0 67.5 56.2 
Corporate and other0.8 1.0 1.0 
Total depreciation$75.8 $68.5 $57.2 
AMORTIZATION OF INTANGIBLE ASSETS
Health & Science Technologies$103.7 $79.7 $65.8 
Fluid & Metering Technologies21.6 21.1 22.7 
Fire & Safety/Diversified Products5.4 6.3 6.4 
Total amortization$130.7 $107.1 $94.9 
CAPITAL EXPENDITURES
Health & Science Technologies$32.9 $40.1 $55.1 
Fluid & Metering Technologies21.3 14.8 24.2 
Fire & Safety/Diversified Products8.9 10.2 9.7 
Total Segments63.1 65.1 89.0 
Corporate and other0.5 — 0.9 
Total capital expenditures$63.6 $65.1 $89.9 
December 31, 2025December 31, 2024
ASSETS
Health & Science Technologies$4,301.1 $4,142.6 
Fluid & Metering Technologies1,694.4 1,609.4 
Fire & Safety/Diversified Products825.2 794.1 
Total Segments6,820.7 6,546.1 
Corporate and other106.3 199.2 
Total assets$6,927.0 $6,745.3 
Schedule of Sales From External Customers and Long-Lived Assets
Information about the Company’s long-lived assets in different geographical regions as of December 31, 2025 and 2024 is shown below.
December 31, 2025December 31, 2024
LONG-LIVED ASSETS — PROPERTY, PLANT AND EQUIPMENT
U.S.$273.6 $271.7 
North America, excluding U.S.19.2 20.6 
Netherlands
50.2 51.4 
Europe, excluding Netherlands
83.6 71.6 
Asia41.1 44.7 
Other(1)
0.3 0.4 
Total long-lived assets - net$468.0 $460.4 

(1) Other includes: South America, Middle East, Australia and Africa.