Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The changes in the carrying value of goodwill by reportable operating segments were as follows:

	Engineered Products		Clean Energy & Fueling		Imaging & Identification		Pumps & Process Solutions		Climate & Sustainability Technologies		Total
Balance at December 31, 2021	$	723,283	$	1,427,691	$	1,106,202	$	792,839	$	508,807	$	4,558,822
Acquisitions	—		—		—		154,016		—		154,016
Measurement period adjustments	(286)		44		(1,544)		—		—		(1,786)
Foreign currency translation	(21,852)		(70,344)		(56,274)		(27,867)		(2,382)		(178,719)
Balance at September 30, 2022	$	701,145	$	1,357,391	$	1,048,384	$	918,988	$	506,425	$	4,532,333

Schedule of Definite-lived Intangible Assets

The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows:

	September 30, 2022						December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	1,819,083	$	947,490	$	871,593	$	1,829,492	$	909,776	$	919,716
Trademarks	257,029		125,754		131,275		263,367		116,633		146,734
Patents	215,500		141,621		73,879		205,910		140,327		65,583
Unpatented technologies	243,792		129,646		114,146		221,239		123,464		97,775
Distributor relationships	74,812		53,594		21,218		84,204		55,260		28,944
Drawings and manuals	24,447		24,447		—		27,792		27,303		489
Other	22,503		18,017		4,486		22,347		18,775		3,572
Total	2,657,166		1,440,569		1,216,597		2,654,351		1,391,538		1,262,813
Unamortized intangible assets:
Trademarks	96,404		—		96,404		96,709		—		96,709
Total intangible assets, net(1)	$	2,753,570	$	1,440,569	$	1,313,001	$	2,751,060	$	1,391,538	$	1,359,522

(1)The change in intangible assets, net for the nine months ended September 30, 2022 includes a decrease of $48.2 million due to foreign currency translation.

Schedule of Indefinite-lived Intangible Assets

The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows:

	September 30, 2022						December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	1,819,083	$	947,490	$	871,593	$	1,829,492	$	909,776	$	919,716
Trademarks	257,029		125,754		131,275		263,367		116,633		146,734
Patents	215,500		141,621		73,879		205,910		140,327		65,583
Unpatented technologies	243,792		129,646		114,146		221,239		123,464		97,775
Distributor relationships	74,812		53,594		21,218		84,204		55,260		28,944
Drawings and manuals	24,447		24,447		—		27,792		27,303		489
Other	22,503		18,017		4,486		22,347		18,775		3,572
Total	2,657,166		1,440,569		1,216,597		2,654,351		1,391,538		1,262,813
Unamortized intangible assets:
Trademarks	96,404		—		96,404		96,709		—		96,709
Total intangible assets, net(1)	$	2,753,570	$	1,440,569	$	1,313,001	$	2,751,060	$	1,391,538	$	1,359,522

(1)The change in intangible assets, net for the nine months ended September 30, 2022 includes a decrease of $48.2 million due to foreign currency translation.