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Revenue (Tables)
12 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
The following table presents revenue disaggregated by end market and segment:
Year Ended December 31, 2018 
Printing & Identification$1,162,431 
Industrials1,580,517 
Total Engineered Systems segment2,742,948 
Fueling & Transport1,465,590 
Pumps676,027 
Process Solutions655,721 
Total Fluids segment2,797,338 
Refrigeration1,197,072 
Food Equipment256,021 
Total Refrigeration & Food Equipment segment1,453,093 
Intra-segment eliminations(1,261)
Total Consolidated Revenue$6,992,118 
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:
Year Ended December 31, 2018 
United States$3,619,717 
Europe1,572,788 
Asia867,268 
Other Americas631,164 
Other301,181 
Total$6,992,118 
Contract with Customer, Asset and Liability [Table Text Block]
The following table provides information about contract assets and contract liabilities from contracts with customers:
 12/31/2018At Adoption
Contract assets$9,330 $11,932 
Contract liabilities - current36,461 48,268 
Contract liabilities - non-current9,382 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 transition701 
Changes in the estimate of the stage of completion11,884 
Transferred to receivables from contract assets recognized during the period(14,947)
Other(240)
Closing balance at December 31, 2018$9,330 

 Contract Liabilities
Opening balance at January 1, 2018$58,184 
Revenue recognized during the period(68,211)
Increases due to cash received64,603 
Other(8,733)
Closing balance at December 31, 2018$45,843 

The revenue recognized during 2018 that was included in the contract liability at the beginning of the period amounted to $38,410.