IL0001433660true 0001433660 2024-06-18 2024-06-18 0001433660 2023-01-01 2023-12-31 0001433660 2022-01-01 2022-12-31 0001433660 2021-01-01 2021-12-31 0001433660 2021-12-31 0001433660 2022-12-31 0001433660 2023-12-31 0001433660 2021-12-01 0001433660 2020-07-01 2020-09-30 0001433660 2023-01-01 2023-03-31 0001433660 2023-04-01 2023-06-30 0001433660 2023-07-01 2023-09-30 0001433660 2023-10-01 2023-12-31 0001433660 2022-01-01 2022-03-31 0001433660 2022-04-01 2022-06-30 0001433660 2022-07-01 2022-09-30 0001433660 2022-10-01 2022-12-31 0001433660 2023-08-01 0001433660 2020-12-31 0001433660 us-gaap:ServiceMember 2021-01-01 2021-12-31 0001433660 us-gaap:ProductMember 2021-01-01 2021-12-31 0001433660 us-gaap:ProductMember srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember 2021-01-01 2021-12-31 0001433660 us-gaap:ProductMember srt:ScenarioPreviouslyReportedMember 2021-01-01 2021-12-31 0001433660 srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember 2021-01-01 2021-12-31 0001433660 srt:ScenarioPreviouslyReportedMember 2021-01-01 2021-12-31 0001433660 us-gaap:PensionPlansDefinedBenefitMember 2021-01-01 2021-12-31 0001433660 jbt:ProvisionforIncomeTaxesMember 2021-01-01 2021-12-31 0001433660 jbt:PensionExpenseMember 2021-01-01 2021-12-31 0001433660 jbt:RecurringMember 2021-01-01 2021-12-31 0001433660 srt:LatinAmericaMember 2021-01-01 2021-12-31 0001433660 us-gaap:TransferredOverTimeMember 2021-01-01 2021-12-31 0001433660 jbt:EuropeMiddleEastandAfricaMember 2021-01-01 2021-12-31 0001433660 srt:AsiaPacificMember 2021-01-01 2021-12-31 0001433660 jbt:NonRecurringMember 2021-01-01 2021-12-31 0001433660 srt:NorthAmericaMember 2021-01-01 2021-12-31 0001433660 us-gaap:TransferredAtPointInTimeMember 2021-01-01 2021-12-31 0001433660 us-gaap:RestrictedStockMember 2021-01-01 2021-12-31 0001433660 us-gaap:ForeignExchangeContractMember us-gaap:SalesMember 2021-01-01 2021-12-31 0001433660 us-gaap:ForeignExchangeContractMember us-gaap:CostOfSalesMember 2021-01-01 2021-12-31 0001433660 us-gaap:ForeignExchangeContractMember us-gaap:OtherIncomeMember 2021-01-01 2021-12-31 0001433660 us-gaap:CommodityMember us-gaap:CostOfSalesMember 2021-01-01 2021-12-31 0001433660 us-gaap:AllowanceForCreditLossMember 2021-01-01 2021-12-31 0001433660 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2021-01-01 2021-12-31 0001433660 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2021-01-01 2021-12-31 0001433660 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedTranslationAdjustmentMember 2021-01-01 2021-12-31 0001433660 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2021-01-01 2021-12-31 0001433660 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2021-01-01 2021-12-31 0001433660 us-gaap:AccumulatedTranslationAdjustmentMember 2021-01-01 2021-12-31 0001433660 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001433660 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001433660 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001433660 us-gaap:TreasuryStockCommonMember 2021-01-01 2021-12-31 0001433660 us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2021-01-01 2021-12-31 0001433660 us-gaap:InterestRateSwapMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2021-01-01 2021-12-31 0001433660 us-gaap:ServiceMember 2022-01-01 2022-12-31 0001433660 us-gaap:ProductMember 2022-01-01 2022-12-31 0001433660 us-gaap:ProductMember srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember 2022-01-01 2022-12-31 0001433660 us-gaap:ProductMember srt:ScenarioPreviouslyReportedMember 2022-01-01 2022-12-31 0001433660 srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember 2022-01-01 2022-12-31 0001433660 srt:ScenarioPreviouslyReportedMember 2022-01-01 2022-12-31 0001433660 us-gaap:PensionPlansDefinedBenefitMember 2022-01-01 2022-12-31 0001433660 jbt:PensionExpenseMember 2022-01-01 2022-12-31 0001433660 jbt:ProvisionforIncomeTaxesMember 2022-01-01 2022-12-31 0001433660 jbt:RecurringMember 2022-01-01 2022-12-31 0001433660 srt:NorthAmericaMember 2022-01-01 2022-12-31 0001433660 us-gaap:TransferredOverTimeMember 2022-01-01 2022-12-31 0001433660 srt:AsiaPacificMember 2022-01-01 2022-12-31 0001433660 srt:LatinAmericaMember 2022-01-01 2022-12-31 0001433660 jbt:NonRecurringMember 2022-01-01 2022-12-31 0001433660 jbt:EuropeMiddleEastandAfricaMember 2022-01-01 2022-12-31 0001433660 us-gaap:TransferredAtPointInTimeMember 2022-01-01 2022-12-31 0001433660 us-gaap:RestrictedStockMember 2022-01-01 2022-12-31 0001433660 us-gaap:ForeignExchangeContractMember us-gaap:SalesMember 2022-01-01 2022-12-31 0001433660 us-gaap:ForeignExchangeContractMember us-gaap:CostOfSalesMember 2022-01-01 2022-12-31 0001433660 us-gaap:ForeignExchangeContractMember us-gaap:OtherIncomeMember 2022-01-01 2022-12-31 0001433660 us-gaap:CommodityMember us-gaap:CostOfSalesMember 2022-01-01 2022-12-31 0001433660 us-gaap:AllowanceForCreditLossMember 2022-01-01 2022-12-31 0001433660 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2022-01-01 2022-12-31 0001433660 us-gaap:OtherRestructuringMember jbt:TwentyTwentyRestructuringPlanMember 2022-01-01 2022-12-31 0001433660 jbt:RestructuringPlan20222023Member 2022-01-01 2022-12-31 0001433660 us-gaap:EmployeeSeveranceMember jbt:RestructuringPlan20222023Member 2022-01-01 2022-12-31 0001433660 us-gaap:EmployeeSeveranceMember jbt:TwentyTwentyRestructuringPlanMember 2022-01-01 2022-12-31 0001433660 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedTranslationAdjustmentMember 2022-01-01 2022-12-31 0001433660 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2022-01-01 2022-12-31 0001433660 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2022-01-01 2022-12-31 0001433660 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2022-01-01 2022-12-31 0001433660 us-gaap:AccumulatedTranslationAdjustmentMember 2022-01-01 2022-12-31 0001433660 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001433660 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001433660 us-gaap:TreasuryStockCommonMember 2022-01-01 2022-12-31 0001433660 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001433660 us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2022-01-01 2022-12-31 0001433660 us-gaap:InterestRateSwapMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2022-01-01 2022-12-31 0001433660 jbt:ConvertibleNoteHedgeMember jbt:ConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2022-01-01 2022-12-31 0001433660 us-gaap:ServiceMember 2023-01-01 2023-12-31 0001433660 us-gaap:ProductMember 2023-01-01 2023-12-31 0001433660 us-gaap:ProductMember srt:ScenarioPreviouslyReportedMember 2023-01-01 2023-12-31 0001433660 us-gaap:ProductMember srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember 2023-01-01 2023-12-31 0001433660 srt:ScenarioPreviouslyReportedMember 2023-01-01 2023-12-31 0001433660 srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember 2023-01-01 2023-12-31 0001433660 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2023-01-01 2023-12-31 0001433660 jbt:ConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2023-01-01 2023-12-31 0001433660 us-gaap:PensionPlansDefinedBenefitMember 2023-01-01 2023-12-31 0001433660 jbt:PensionExpenseMember 2023-01-01 2023-12-31 0001433660 jbt:ProvisionforIncomeTaxesMember 2023-01-01 2023-12-31 0001433660 jbt:RecurringMember 2023-01-01 2023-12-31 0001433660 srt:NorthAmericaMember 2023-01-01 2023-12-31 0001433660 us-gaap:TransferredOverTimeMember 2023-01-01 2023-12-31 0001433660 srt:AsiaPacificMember 2023-01-01 2023-12-31 0001433660 srt:LatinAmericaMember 2023-01-01 2023-12-31 0001433660 jbt:NonRecurringMember 2023-01-01 2023-12-31 0001433660 jbt:EuropeMiddleEastandAfricaMember 2023-01-01 2023-12-31 0001433660 us-gaap:TransferredAtPointInTimeMember 2023-01-01 2023-12-31 0001433660 us-gaap:RestrictedStockMember 2023-01-01 2023-12-31 0001433660 us-gaap:ForeignExchangeContractMember us-gaap:SalesMember 2023-01-01 2023-12-31 0001433660 us-gaap:ForeignExchangeContractMember us-gaap:CostOfSalesMember 2023-01-01 2023-12-31 0001433660 us-gaap:ForeignExchangeContractMember us-gaap:OtherIncomeMember 2023-01-01 2023-12-31 0001433660 us-gaap:CommodityMember us-gaap:CostOfSalesMember 2023-01-01 2023-12-31 0001433660 us-gaap:AllowanceForCreditLossMember 2023-01-01 2023-12-31 0001433660 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2023-01-01 2023-12-31 0001433660 us-gaap:EmployeeSeveranceMember jbt:RestructuringPlan20222023Member 2023-01-01 2023-12-31 0001433660 us-gaap:OtherRestructuringMember jbt:RestructuringPlan20222023Member 2023-01-01 2023-12-31 0001433660 jbt:RestructuringPlan20222023Member 2023-01-01 2023-12-31 0001433660 jbt:RealEstateLeasesMember 2023-01-01 2023-12-31 0001433660 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001433660 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-12-31 0001433660 us-gaap:RestrictedStockUnitsRSUMember 2023-01-01 2023-12-31 0001433660 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2023-01-01 2023-12-31 0001433660 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-01-01 2023-12-31 0001433660 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2023-01-01 2023-12-31 0001433660 us-gaap:AccumulatedTranslationAdjustmentMember 2023-01-01 2023-12-31 0001433660 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001433660 jbt:A2021And2022AcquisitionsMember 2023-01-01 2023-12-31 0001433660 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001433660 us-gaap:RestrictedStockUnitsRSUMember srt:MinimumMember 2023-01-01 2023-12-31 0001433660 us-gaap:RestrictedStockUnitsRSUMember srt:MaximumMember 2023-01-01 2023-12-31 0001433660 srt:SubsidiariesMember 2023-01-01 2023-12-31 0001433660 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001433660 jbt:AcquiredIntangibleAssetsMember srt:MaximumMember 2023-01-01 2023-12-31 0001433660 jbt:AcquiredIntangibleAssetsMember srt:MinimumMember 2023-01-01 2023-12-31 0001433660 us-gaap:ProductMember us-gaap:TransferredOverTimeMember 2023-01-01 2023-12-31 0001433660 jbt:BevcorpMember 2023-01-01 2023-12-31 0001433660 jbt:A2021AcquisitionsMember srt:MaximumMember 2023-01-01 2023-12-31 0001433660 jbt:A2021AcquisitionsMember us-gaap:TechnologyBasedIntangibleAssetsMember srt:WeightedAverageMember 2023-01-01 2023-12-31 0001433660 jbt:A2021AcquisitionsMember us-gaap:CustomerRelationshipsMember srt:WeightedAverageMember 2023-01-01 2023-12-31 0001433660 jbt:A2021AcquisitionsMember us-gaap:TrademarksMember srt:WeightedAverageMember 2023-01-01 2023-12-31 0001433660 jbt:A2021AcquisitionsMember srt:MinimumMember 2023-01-01 2023-12-31 0001433660 us-gaap:InterestRateSwapMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2023-01-01 2023-12-31 0001433660 jbt:ConvertibleSeniorNotesMember jbt:DebtInstrumentConvertibleTermOneMember us-gaap:ConvertibleDebtMember 2023-01-01 2023-12-31 0001433660 jbt:ConvertibleSeniorNotesMember jbt:DebtInstrumentConvertibleTermTwoMember us-gaap:ConvertibleDebtMember 2023-01-01 2023-12-31 0001433660 jbt:ConvertibleNoteHedgeMember jbt:ConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2023-01-01 2023-12-31 0001433660 jbt:ConvertibleNoteWarrantsMember jbt:ConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2023-01-01 2023-12-31 0001433660 srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember 2022-12-31 0001433660 srt:ScenarioPreviouslyReportedMember 2022-12-31 0001433660 us-gaap:BuildingMember 2022-12-31 0001433660 us-gaap:ConstructionInProgressMember 2022-12-31 0001433660 us-gaap:MachineryAndEquipmentMember 2022-12-31 0001433660 us-gaap:LandAndLandImprovementsMember 2022-12-31 0001433660 us-gaap:OtherIntangibleAssetsMember 2022-12-31 0001433660 jbt:PatentsAndAcquiredTechnologyMember 2022-12-31 0001433660 us-gaap:TrademarksMember 2022-12-31 0001433660 us-gaap:CustomerListsMember 2022-12-31 0001433660 us-gaap:PensionPlansDefinedBenefitMember 2022-12-31 0001433660 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2022-12-31 0001433660 us-gaap:FixedIncomeSecuritiesMember srt:MaximumMember 2022-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember srt:MinimumMember 2022-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember srt:MaximumMember 2022-12-31 0001433660 us-gaap:CashMember srt:MinimumMember 2022-12-31 0001433660 us-gaap:CashMember srt:MaximumMember 2022-12-31 0001433660 us-gaap:EquitySecuritiesMember srt:MinimumMember 2022-12-31 0001433660 us-gaap:EquitySecuritiesMember srt:MaximumMember 2022-12-31 0001433660 us-gaap:FixedIncomeSecuritiesMember srt:MinimumMember 2022-12-31 0001433660 us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel2Member 2022-12-31 0001433660 us-gaap:RealEstateFundsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2022-12-31 0001433660 us-gaap:FairValueInputsLevel12And3Member 2022-12-31 0001433660 us-gaap:FairValueInputsLevel1Member 2022-12-31 0001433660 us-gaap:FairValueInputsLevel2Member 2022-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember us-gaap:FairValueInputsLevel1Member 2022-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember us-gaap:FairValueInputsLevel2Member 2022-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember 2022-12-31 0001433660 us-gaap:CorporateDebtSecuritiesMember 2022-12-31 0001433660 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member 2022-12-31 0001433660 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member 2022-12-31 0001433660 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel1Member 2022-12-31 0001433660 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel2Member 2022-12-31 0001433660 us-gaap:USTreasuryAndGovernmentMember 2022-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesInfrastructureMember 2022-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesInfrastructureMember us-gaap:FairValueInputsLevel1Member 2022-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesInfrastructureMember us-gaap:FairValueInputsLevel2Member 2022-12-31 0001433660 us-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember us-gaap:FairValueInputsLevel1Member 2022-12-31 0001433660 us-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember us-gaap:FairValueInputsLevel2Member 2022-12-31 0001433660 us-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember 2022-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesAllCapsMember us-gaap:FairValueInputsLevel2Member 2022-12-31 0001433660 us-gaap:CashAndCashEquivalentsMember 2022-12-31 0001433660 us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel1Member 2022-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesAllCapsMember 2022-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesAllCapsMember us-gaap:FairValueInputsLevel1Member 2022-12-31 0001433660 us-gaap:FairValueMeasurementsRecurringMember 2022-12-31 0001433660 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2022-12-31 0001433660 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2022-12-31 0001433660 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2022-12-31 0001433660 jbt:ConvertibleSeniorNotesMember 2022-12-31 0001433660 us-gaap:OtherAssetsMember 2022-12-31 0001433660 us-gaap:TradeAccountsReceivableMember 2022-12-31 0001433660 jbt:ForwardStartingInterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2022-12-31 0001433660 us-gaap:FixedIncomeSecuritiesMember 2022-12-31 0001433660 us-gaap:CashMember 2022-12-31 0001433660 us-gaap:EquitySecuritiesMember 2022-12-31 0001433660 jbt:ConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2022-12-31 0001433660 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2022-12-31 0001433660 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2022-12-31 0001433660 jbt:RevolvingCreditFacility1Member 2022-12-31 0001433660 jbt:OtherDebtFinancialInstrumentMember 2022-12-31 0001433660 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2022-12-31 0001433660 us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2022-12-31 0001433660 srt:ScenarioPreviouslyReportedMember 2023-12-31 0001433660 srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember 2023-12-31 0001433660 jbt:A2021And2022AcquisitionsMember 2023-12-31 0001433660 us-gaap:MachineryAndEquipmentMember 2023-12-31 0001433660 us-gaap:BuildingMember 2023-12-31 0001433660 us-gaap:ConstructionInProgressMember 2023-12-31 0001433660 us-gaap:LandAndLandImprovementsMember 2023-12-31 0001433660 us-gaap:TrademarksMember 2023-12-31 0001433660 jbt:PatentsAndAcquiredTechnologyMember 2023-12-31 0001433660 us-gaap:OtherIntangibleAssetsMember 2023-12-31 0001433660 us-gaap:CustomerListsMember 2023-12-31 0001433660 us-gaap:ForeignCountryMember 2023-12-31 0001433660 jbt:A2020And2021AcquisitionsMember 2023-12-31 0001433660 us-gaap:PensionPlansDefinedBenefitMember 2023-12-31 0001433660 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2023-12-31 0001433660 us-gaap:EquitySecuritiesMember srt:MinimumMember 2023-12-31 0001433660 us-gaap:EquitySecuritiesMember srt:MaximumMember 2023-12-31 0001433660 us-gaap:FixedIncomeSecuritiesMember srt:MinimumMember 2023-12-31 0001433660 us-gaap:FixedIncomeSecuritiesMember srt:MaximumMember 2023-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember srt:MinimumMember 2023-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember srt:MaximumMember 2023-12-31 0001433660 us-gaap:CashMember srt:MinimumMember 2023-12-31 0001433660 us-gaap:CashMember srt:MaximumMember 2023-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesAllCapsMember 2023-12-31 0001433660 us-gaap:CashAndCashEquivalentsMember 2023-12-31 0001433660 us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel1Member 2023-12-31 0001433660 us-gaap:RealEstateFundsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2023-12-31 0001433660 us-gaap:FairValueInputsLevel1Member 2023-12-31 0001433660 us-gaap:FairValueInputsLevel2Member 2023-12-31 0001433660 us-gaap:FairValueInputsLevel12And3Member 2023-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember 2023-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember us-gaap:FairValueInputsLevel1Member 2023-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember us-gaap:FairValueInputsLevel2Member 2023-12-31 0001433660 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member 2023-12-31 0001433660 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member 2023-12-31 0001433660 us-gaap:CorporateDebtSecuritiesMember 2023-12-31 0001433660 us-gaap:USTreasuryAndGovernmentMember 2023-12-31 0001433660 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel1Member 2023-12-31 0001433660 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel2Member 2023-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesInfrastructureMember us-gaap:FairValueInputsLevel1Member 2023-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesInfrastructureMember us-gaap:FairValueInputsLevel2Member 2023-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesInfrastructureMember 2023-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesAllCapsMember us-gaap:FairValueInputsLevel1Member 2023-12-31 0001433660 us-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember 2023-12-31 0001433660 us-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember us-gaap:FairValueInputsLevel1Member 2023-12-31 0001433660 us-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember us-gaap:FairValueInputsLevel2Member 2023-12-31 0001433660 us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel2Member 2023-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesAllCapsMember us-gaap:FairValueInputsLevel2Member 2023-12-31 0001433660 2024-01-01 2023-12-31 0001433660 2023-01-01 2023-12-31 0001433660 us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001433660 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001433660 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001433660 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001433660 us-gaap:OtherCurrentAssetsMember 2023-12-31 0001433660 jbt:ConvertibleSeniorNotesMember 2023-12-31 0001433660 us-gaap:PerformanceGuaranteeMember 2023-12-31 0001433660 us-gaap:FinancialGuaranteeMember 2023-12-31 0001433660 jbt:CustomersFinancingArrangementsGuaranteeMember 2023-12-31 0001433660 us-gaap:TradeAccountsReceivableMember 2023-12-31 0001433660 us-gaap:OtherAssetsMember 2023-12-31 0001433660 jbt:ManufacturingFacilityLeaseMember srt:AffiliatedEntityMember 2023-12-31 0001433660 us-gaap:EquitySecuritiesMember 2023-12-31 0001433660 us-gaap:FixedIncomeSecuritiesMember 2023-12-31 0001433660 us-gaap:CashMember 2023-12-31 0001433660 jbt:ConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2023-12-31 0001433660 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2023-12-31 0001433660 us-gaap:LandImprovementsMember srt:MinimumMember 2023-12-31 0001433660 us-gaap:MachineryAndEquipmentMember srt:MaximumMember 2023-12-31 0001433660 us-gaap:BuildingMember srt:MaximumMember 2023-12-31 0001433660 us-gaap:LandImprovementsMember srt:MaximumMember 2023-12-31 0001433660 us-gaap:MachineryAndEquipmentMember srt:MinimumMember 2023-12-31 0001433660 us-gaap:BuildingMember srt:MinimumMember 2023-12-31 0001433660 jbt:InternalUseSoftwareMember srt:MaximumMember 2023-12-31 0001433660 jbt:InternalUseSoftwareMember srt:MinimumMember 2023-12-31 0001433660 us-gaap:ForeignCountryMember country:CH 2023-12-31 0001433660 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2023-12-31 0001433660 jbt:RevolvingCreditFacility1Member 2023-12-31 0001433660 srt:MinimumMember jbt:A2022And2023RestructuringPlanMember 2023-12-31 0001433660 srt:MaximumMember jbt:A2022And2023RestructuringPlanMember 2023-12-31 0001433660 us-gaap:InterestRateSwapMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2023-12-31 0001433660 us-gaap:DomesticCountryMember 2023-12-31 0001433660 us-gaap:StateAndLocalJurisdictionMember 2023-12-31 0001433660 jbt:A2021And2022AcquisitionsMember us-gaap:TrademarksMember 2023-12-31 0001433660 jbt:A2021And2022AcquisitionsMember us-gaap:TechnologyBasedIntangibleAssetsMember 2023-12-31 0001433660 jbt:A2021And2022AcquisitionsMember us-gaap:CustomerRelationshipsMember 2023-12-31 0001433660 jbt:OtherDebtFinancialInstrumentMember 2023-12-31 0001433660 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2023-12-31 0001433660 jbt:ConvertibleNoteHedgeMember jbt:ConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2023-12-31 0001433660 jbt:ConvertibleNoteWarrantsMember jbt:ConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2023-12-31 0001433660 srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember 2021-12-31 0001433660 srt:ScenarioPreviouslyReportedMember 2021-12-31 0001433660 us-gaap:ConstructionInProgressMember 2021-12-31 0001433660 us-gaap:MachineryAndEquipmentMember 2021-12-31 0001433660 us-gaap:BuildingMember 2021-12-31 0001433660 us-gaap:LandAndLandImprovementsMember 2021-12-31 0001433660 us-gaap:OtherIntangibleAssetsMember 2021-12-31 0001433660 us-gaap:TrademarksMember 2021-12-31 0001433660 us-gaap:CustomerListsMember 2021-12-31 0001433660 jbt:PatentsAndAcquiredTechnologyMember 2021-12-31 0001433660 us-gaap:PensionPlansDefinedBenefitMember 2021-12-31 0001433660 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2021-12-31 0001433660 us-gaap:EquitySecuritiesMember srt:MaximumMember 2021-12-31 0001433660 us-gaap:FixedIncomeSecuritiesMember srt:MinimumMember 2021-12-31 0001433660 us-gaap:FixedIncomeSecuritiesMember srt:MaximumMember 2021-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember srt:MinimumMember 2021-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember srt:MaximumMember 2021-12-31 0001433660 us-gaap:CashMember srt:MinimumMember 2021-12-31 0001433660 us-gaap:EquitySecuritiesMember srt:MinimumMember 2021-12-31 0001433660 us-gaap:CashMember srt:MaximumMember 2021-12-31 0001433660 us-gaap:CashAndCashEquivalentsMember 2021-12-31 0001433660 us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel1Member 2021-12-31 0001433660 us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel2Member 2021-12-31 0001433660 us-gaap:FairValueInputsLevel1Member 2021-12-31 0001433660 us-gaap:FairValueInputsLevel2Member 2021-12-31 0001433660 us-gaap:RealEstateFundsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2021-12-31 0001433660 us-gaap:FairValueInputsLevel12And3Member 2021-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember 2021-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember us-gaap:FairValueInputsLevel1Member 2021-12-31 0001433660 jbt:RealEstateAndOtherInvestmentsMember us-gaap:FairValueInputsLevel2Member 2021-12-31 0001433660 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member 2021-12-31 0001433660 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member 2021-12-31 0001433660 us-gaap:CorporateDebtSecuritiesMember 2021-12-31 0001433660 us-gaap:USTreasuryAndGovernmentMember 2021-12-31 0001433660 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel1Member 2021-12-31 0001433660 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel2Member 2021-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesInfrastructureMember us-gaap:FairValueInputsLevel1Member 2021-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesInfrastructureMember us-gaap:FairValueInputsLevel2Member 2021-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesInfrastructureMember 2021-12-31 0001433660 us-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember 2021-12-31 0001433660 us-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember us-gaap:FairValueInputsLevel1Member 2021-12-31 0001433660 us-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember us-gaap:FairValueInputsLevel2Member 2021-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesAllCapsMember us-gaap:FairValueInputsLevel2Member 2021-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesAllCapsMember 2021-12-31 0001433660 jbt:DefinedBenefitPlanEquitySecuritiesAllCapsMember us-gaap:FairValueInputsLevel1Member 2021-12-31 0001433660 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2021-12-31 0001433660 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2021-12-31 0001433660 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2021-12-31 0001433660 us-gaap:FairValueMeasurementsRecurringMember 2021-12-31 0001433660 jbt:ConvertibleSeniorNotesMember 2021-12-31 0001433660 us-gaap:OtherAssetsMember 2021-12-31 0001433660 us-gaap:TradeAccountsReceivableMember 2021-12-31 0001433660 us-gaap:EquitySecuritiesMember 2021-12-31 0001433660 us-gaap:FixedIncomeSecuritiesMember 2021-12-31 0001433660 us-gaap:CashMember 2021-12-31 0001433660 jbt:ConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2021-12-31 0001433660 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2021-12-31 0001433660 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2021-12-31 0001433660 jbt:RevolvingCreditFacility1Member 2021-12-31 0001433660 jbt:OtherDebtFinancialInstrumentMember 2021-12-31 0001433660 us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2021-12-31 0001433660 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2021-12-31 0001433660 srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMember 2021-01-01 0001433660 jbt:AlcoMember 2022-07-01 2022-07-01 0001433660 jbt:AlcoMember 2022-07-01 0001433660 jbt:AlcoMember us-gaap:TrademarksMember 2022-07-01 0001433660 jbt:AlcoMember us-gaap:TechnologyBasedIntangibleAssetsMember 2022-07-01 0001433660 jbt:AlcoMember us-gaap:CustomerRelationshipsMember 2022-07-01 0001433660 jbt:BevcorpMember 2022-09-01 2022-09-01 0001433660 jbt:BevcorpMember 2022-09-01 0001433660 jbt:BevcorpMember us-gaap:TrademarksMember 2022-09-01 0001433660 jbt:BevcorpMember us-gaap:TechnologyBasedIntangibleAssetsMember 2022-09-01 0001433660 jbt:BevcorpMember us-gaap:CustomerRelationshipsMember 2022-09-01 0001433660 jbt:ConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2021-05-28 0001433660 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2018-06-19 0001433660 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember jbt:LondonInterbankOfferedRateLIBOR1Member 2021-12-14 2021-12-14 0001433660 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:FederalFundsEffectiveSwapRateMember 2021-12-14 2021-12-14 0001433660 us-gaap:RevolvingCreditFacilityMember jbt:LondonInterbankOfferedRateLIBOR1Member 2021-12-14 2021-12-14 0001433660 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember srt:MaximumMember 2021-12-14 2021-12-14 0001433660 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember srt:MinimumMember 2021-12-14 2021-12-14 0001433660 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2021-12-14 0001433660 jbt:ConvertibleSeniorNotesMember us-gaap:ConvertibleDebtMember 2021-05-28 2021-05-28 0001433660 us-gaap:CommonStockMember jbt:A2017IncentiveCompensationPlanMember 2017-05-31 0001433660 us-gaap:PerformanceSharesMember 2024-03-01 2024-03-31 0001433660 us-gaap:PerformanceSharesMember srt:ScenarioForecastMember 2025-02-01 2025-02-28 0001433660 us-gaap:PerformanceSharesMember srt:ScenarioForecastMember 2026-02-01 2026-02-28 0001433660 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2020-05-31 0001433660 jbt:ForwardStartingInterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2020-05-31 0001433660 jbt:ForwardStartingInterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2022-03-31 0001433660 srt:MinimumMember jbt:A2022And2023RestructuringPlanMember 2023-03-31 0001433660 srt:MaximumMember jbt:A2022And2023RestructuringPlanMember 2023-03-31 0001433660 srt:MinimumMember jbt:A2022And2023RestructuringPlanMember 2023-06-30 0001433660 srt:MaximumMember jbt:A2022And2023RestructuringPlanMember 2023-06-30 0001433660 us-gaap:EmployeeSeveranceMember jbt:RestructuringPlan20222023Member 2023-01-01 2023-03-31 0001433660 us-gaap:OtherRestructuringMember jbt:RestructuringPlan20222023Member 2023-01-01 2023-03-31 0001433660 jbt:RestructuringPlan20222023Member 2023-01-01 2023-03-31 0001433660 jbt:BevcorpMember 2023-01-01 2023-03-31 0001433660 us-gaap:EmployeeSeveranceMember jbt:RestructuringPlan20222023Member 2023-04-01 2023-06-30 0001433660 us-gaap:OtherRestructuringMember jbt:RestructuringPlan20222023Member 2023-04-01 2023-06-30 0001433660 jbt:RestructuringPlan20222023Member 2023-04-01 2023-06-30 0001433660 jbt:AlcoMember 2023-04-01 2023-06-30 0001433660 us-gaap:EmployeeSeveranceMember jbt:RestructuringPlan20222023Member 2023-07-01 2023-09-30 0001433660 us-gaap:OtherRestructuringMember jbt:RestructuringPlan20222023Member 2023-07-01 2023-09-30 0001433660 jbt:RestructuringPlan20222023Member 2023-07-01 2023-09-30 0001433660 us-gaap:EmployeeSeveranceMember jbt:RestructuringPlan20222023Member 2023-10-01 2023-12-31 0001433660 us-gaap:OtherRestructuringMember jbt:RestructuringPlan20222023Member 2023-10-01 2023-12-31 0001433660 jbt:RestructuringPlan20222023Member 2023-10-01 2023-12-31 0001433660 jbt:UrtasunMember 2021-11-02 0001433660 jbt:UrtasunMember us-gaap:TrademarksMember 2021-11-02 0001433660 jbt:UrtasunMember us-gaap:TechnologyBasedIntangibleAssetsMember 2021-11-02 0001433660 jbt:UrtasunMember us-gaap:CustomerRelationshipsMember 2021-11-02 0001433660 jbt:UrtasunMember 2021-11-02 2021-11-02 0001433660 jbt:PrevenioMember 2021-07-02 0001433660 jbt:PrevenioMember us-gaap:TrademarksMember 2021-07-02 0001433660 jbt:PrevenioMember us-gaap:TechnologyBasedIntangibleAssetsMember 2021-07-02 0001433660 jbt:PrevenioMember us-gaap:CustomerRelationshipsMember 2021-07-02 0001433660 jbt:PrevenioMember 2021-07-02 2021-07-02 0001433660 jbt:AcsMember 2021-02-28 0001433660 jbt:AcsMember us-gaap:TrademarksMember 2021-02-28 0001433660 jbt:AcsMember us-gaap:TechnologyBasedIntangibleAssetsMember 2021-02-28 0001433660 jbt:AcsMember us-gaap:CustomerRelationshipsMember 2021-02-28 0001433660 jbt:AcsMember 2021-02-28 2021-02-28 0001433660 us-gaap:CommonStockMember 2020-12-31 0001433660 us-gaap:TreasuryStockCommonMember 2020-12-31 0001433660 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001433660 us-gaap:RetainedEarningsMember 2020-12-31 0001433660 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001433660 us-gaap:PensionPlansDefinedBenefitMember 2020-12-31 0001433660 us-gaap:AccumulatedTranslationAdjustmentMember 2020-12-31 0001433660 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2020-12-31 0001433660 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2020-12-31 0001433660 us-gaap:AllowanceForCreditLossMember 2020-12-31 0001433660 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2020-12-31 0001433660 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2021-12-31 0001433660 us-gaap:AllowanceForCreditLossMember 2021-12-31 0001433660 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2021-12-31 0001433660 us-gaap:AccumulatedTranslationAdjustmentMember 2021-12-31 0001433660 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001433660 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001433660 us-gaap:TreasuryStockCommonMember 2021-12-31 0001433660 us-gaap:CommonStockMember 2021-12-31 0001433660 us-gaap:RetainedEarningsMember 2021-12-31 0001433660 us-gaap:RestrictedStockUnitsRSUMember 2021-12-31 0001433660 us-gaap:EmployeeSeveranceMember jbt:TwentyTwentyRestructuringPlanMember 2021-12-31 0001433660 us-gaap:EmployeeSeveranceMember jbt:RestructuringPlan20222023Member 2021-12-31 0001433660 jbt:RestructuringPlan20222023Member 2021-12-31 0001433660 us-gaap:OtherRestructuringMember jbt:TwentyTwentyRestructuringPlanMember 2021-12-31 0001433660 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2022-12-31 0001433660 us-gaap:AllowanceForCreditLossMember 2022-12-31 0001433660 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2022-12-31 0001433660 us-gaap:AccumulatedTranslationAdjustmentMember 2022-12-31 0001433660 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001433660 us-gaap:EmployeeSeveranceMember jbt:TwentyTwentyRestructuringPlanMember 2022-12-31 0001433660 us-gaap:OtherRestructuringMember jbt:TwentyTwentyRestructuringPlanMember 2022-12-31 0001433660 us-gaap:EmployeeSeveranceMember jbt:RestructuringPlan20222023Member 2022-12-31 0001433660 jbt:RestructuringPlan20222023Member 2022-12-31 0001433660 us-gaap:CommonStockMember 2022-12-31 0001433660 us-gaap:TreasuryStockCommonMember 2022-12-31 0001433660 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001433660 us-gaap:RetainedEarningsMember 2022-12-31 0001433660 us-gaap:OtherRestructuringMember jbt:RestructuringPlan20222023Member 2022-12-31 0001433660 jbt:RestructuringPlan20222023Member 2023-12-31 0001433660 us-gaap:OtherRestructuringMember jbt:RestructuringPlan20222023Member 2023-12-31 0001433660 us-gaap:EmployeeSeveranceMember jbt:RestructuringPlan20222023Member 2023-12-31 0001433660 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2023-12-31 0001433660 us-gaap:AllowanceForCreditLossMember 2023-12-31 0001433660 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-12-31 0001433660 us-gaap:AccumulatedTranslationAdjustmentMember 2023-12-31 0001433660 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001433660 us-gaap:RestrictedStockUnitsRSUMember 2023-12-31 0001433660 us-gaap:CommonStockMember 2023-12-31 0001433660 us-gaap:RetainedEarningsMember 2023-12-31 0001433660 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001433660 us-gaap:TreasuryStockCommonMember 2023-12-31 0001433660 us-gaap:RestrictedStockUnitsRSUMember 2022-12-31 iso4217:USD xbrli:shares utr:Year xbrli:pure utr:Month iso4217:USD xbrli:shares jbt:DERIVATIVE jbt:ACQUISITION utr:Rate utr:Day
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM
8-K/A
(Amendment No. 1)
 
 
CURRENT REPORT
PURSUANT TO
S
ECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 18, 2024
 
 
John Bean Technologies Corporation
(Exact name of registrant as specified in its charter)
 
 
 
Delaware
  
001-34036
  
91-1650317
(State or other jurisdiction of
incorporation or organization)
  
(Commission
File Number)
  
(I.R.S. Employer
Identification Number)
70 West Madison Street, Suite 4400
Chicago,
IL
60602
(Address of principal executive offices, including Zip Code)
(312)
861-5900
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
  ☒
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
  ☐
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
 
  ☐
Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
 
  ☐
Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to section 12(b) of the Act:
 
Title of each class
  
Trading
symbol(s)
  
Name of each exchange
on which registered
Common Stock, par value $0.01 per share   JBT   New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company ☐  
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
Table of Contents
Explanatory Note
On June 18, 2024, John Bean Technologies Corporation, a Delaware corporation (“JBT”), filed a Current Report on Form
8-K
(the “Original
8-K”)
to provide its audited historical financial statements as of December 31, 2023, 2022 and 2021 and for the years ended December 31, 2023, 2022 and 2021, as well as an audit report in respect of each year. Other than including a balance sheet as of December 31, 2021, which was recast to reflect the sale of JBT’s former AeroTech business segment, and making related changes to the notes to its audited consolidated financial statements, no changes were made to JBT’s audited consolidated financial statements as included in JBT’s Annual Report on Form
10-K
for the year ended December 31, 2023.
This Current Report on Form
8-K/A
amends the Original
8-K
solely to provide JBT’s audited consolidated financial statements as of and for the years ended December 31, 2023, 2022 and 2021, and the related notes, formatted in Inline eXtensible Business Reporting Language, which are included as Exhibit 99.1. Except as provided herein, this Current Report on Form
8-K/A
does not amend or restate the Original
8-K,
nor does it modify or update any of the information contained in the Original
8-K.
 
Item 9.01.
Financial Statements and Exhibi
t
s.
(a) Financial Statements of JBT
JBT’s audited consolidated financial statements as of and for the years ended December 31, 2023, 2022 and 2021, and the related notes, and the related report of PricewaterhouseCoopers LLP, JBT’s independent registered public accounting firm, are filed herewith as Exhibit 99.1 and included herein.
(d) Exhibits
 
Exhibit
No.
   
Exhibit
 23.1    Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm of John Bean Technologies Corporation (incorporated by reference to Exhibit 23.1 to our Current Report on Form 8-K filed with the SEC on June 18, 2024).
 99.1    John Bean Technologies Corporation’s audited consolidated financial statements as of and for the years ended December 31, 2023, 2022 and 2021, and the related notes, and the related report of PricewaterhouseCoopers LLP, independent registered public accounting firm of John Bean Technologies Corporation.
101.INS    XBRL Instance Document
101.SCH    XBRL Taxonomy Extension Schema Document
101.CAL    XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF    XBRL Taxonomy Extension Definition Linkbase Document
101.LAB    XBRL Taxonomy Extension Label Linkbase Document
101.PRE    XBRL Taxonomy Extension Presentation Linkbase Document
104    Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
IMPORTANT NOTICES
This Current Report on Form
8-K/A
is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In particular, this Current Report on Form
8-K/A
is not an offer of securities for sale in the United States, Iceland, the Netherlands or Denmark.
 
2
Table of Contents
NOTE TO U.S. SHAREHOLDERS
It is important that U.S. shareholders understand that the Offer and any related offer documents are subject to disclosure and takeover laws and regulations in Iceland and other European jurisdictions, which may be different from those of the United States. The Offer will be made in compliance with the U.S. tender offer rules, including Regulation 14E under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any exemption available to JBT in respect of securities of foreign private issuers provided
by Rule 14d-1(d) under the
Exchange Act.
IMPORTANT ADDITIONAL INFORMATION
No
offer of JBT securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption from registration, and applicable European regulations, including the Icelandic Prospectus Act no. 14/2020 and the Icelandic Takeover Act no. 108/2007 on takeovers. In connection with the Offer, JBT has filed with the U.S. Securities and Exchange Commission (the “SEC”) a Registration Statement on
 
Form S-4, which
 
contains a preliminary proxy statement/prospectus. Additionally, JBT has filed with the Financial Supervisory Authority of the Central Bank of Iceland (the “FSA”) an offer document and a prospectus, which have been approved by the FSA. SHAREHOLDERS OF JBT AND MAREL ARE URGED TO READ THE FORM
 
S-4,
 
INCLUDING THE PROXY STATEMENT/PROSPECTUS CONTAINED THEREIN, THE PROSPECTUS, AND THE OFFER DOCUMENT, AS APPLICABLE, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS AND ANY OTHER RELEVANT DOCUMENTS THAT HAVE BEEN OR WILL BE FILED WITH THE SEC OR THE FSA CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. JBT and Marel shareholders may obtain a free copy of the proxy statement/prospectus (when available), as well as other filings containing information about JBT, without charge, at the SEC’s website, www.sec.gov, and on JBT’s website at https://ir.jbtc.com/overview/default.aspx. Following the launch of the Offer, you may obtain a free copy of the prospectus on the FSA’s website at www.fme.is and on JBT’s website at www.jbtc.com as well as a free copy of the offer document.
 
PARTICIPANTS IN THE SOLICITATION
JBT and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the holders of JBT’s common stock in respect of the Offer. Information about the directors and executive officers of JBT is set forth in the proxy statement for JBT’s 2024 Annual Meeting of Stockholders, which was filed with the SEC on March 28, 2024, and in the other documents filed after the date thereof by JBT with the SEC. Investors may obtain additional information regarding the interests of such participants by reading the proxy statement/prospectus regarding the Offer. You may obtain free copies of these documents as described in the preceding paragra
ph.
 
3
Table of Contents
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorize
d
.
 
JOHN BEAN TECHNOLOGIES CORPORATION
By:  
/s/ Matthew J. Meister
Name:   Matthew J. Meister
Title:  
Executive Vice President and Chief Financial Officer
(Principal Financial Officer)
Dated: June 
2
1
, 2024
 
4