Revenue Revenue (Tables)

9 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents revenue disaggregated by end market and segment:

	Three Months Ended September 30,			Nine Months Ended September 30,
	2018			2018
Printing & Identification	$	283,232		$	865,588
Industrials	388,302			1,180,561
Total Engineered Systems segment	671,534			2,046,149
Fueling & Transport	367,617			1,050,276
Pumps	167,542			503,157
Process Solutions	154,906			458,396
Total Fluids segment	690,065			2,011,829
Refrigeration	328,281			937,168
Food Equipment	57,933			189,047
Total Refrigeration & Food Equipment segment	386,214			1,126,215
Intra-segment eliminations	(410		)	(1,025		)
Total Consolidated Revenue	$	1,747,403		$	5,183,168

Revenue from External Customers by Geographic Areas [Table Text Block]

The following table presents revenue disaggregated by geography based on the location of the Company's customer:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2018		2018
United States	$	922,261	$	2,707,470
Europe	369,479		1,158,891
Asia	219,645		633,280
Other Americas	166,182		467,523
Other	69,836		216,004
Total	$	1,747,403	$	5,183,168

Contract with Customer, Asset and Liability [Table Text Block]

The following table provides information about contract assets and contract liabilities from contracts with customers:

	September 30, 2018		At Adoption
Contract assets	$	16,202	$	11,932
Contract liabilities - current	43,075		48,268
Contract liabilities - non-current	9,617		9,916

Contract assets primarily relate to the Company's right to consideration for work completed but not billed at the reporting date and are recorded in prepaid and other current assets in the Condensed Consolidated Balance Sheet. Contract assets are transferred to receivables when the right to consideration becomes unconditional. Contract liabilities relate to advance consideration received from customers for which revenue has not been recognized. Current contract liabilities are recorded in other accrued expenses and non-current contract liabilities are recorded in other liabilities in the Condensed Consolidated Balance Sheet. Contract liabilities are reduced when the associated revenue from the contract is recognized.

Significant changes in contract assets and liabilities balances during the period are as follows:

	Contract Assets
Opening balance at January 1, 2018	$	11,932
Cumulative catch-up adjustment upon transition	701
Changes in the estimate of the stage of completion	10,870
Transferred to receivables from contract assets recognized during the period	(7,255		)
Other	(46		)
Closing balance at September 30, 2018	$	16,202

	Contract Liabilities
Opening balance at January 1, 2018	$	58,184
Cumulative catch-up adjustment upon transition	—
Revenue recognized that was included in the contract liability balance at the beginning of the period	(52,730		)
Increases due to cash received, excluding amounts recognized as revenue during the period	47,880
Other	(642		)
Closing balance at September 30, 2018	$	52,692