Revenue (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue by reporting unit for the years ended December 31, 2021, 2020 and 2019 was as follows:


	For the Year Ended December 31,
	2021		2020		2019
	(In millions)
Pumps	$	345.1	$	265.3	$	331.1
Water(1)	255.3		225.3		239.9
Energy	169.0		200.0		164.8
Valves(1)	121.9		118.6		129.0
Agriculture	107.4		87.1		92.2
Intersegment elimination	(0.7)		(0.9)		(0.5)
Fluid & Metering Technologies	998.0		895.4		956.5
Scientific Fluidics & Optics	508.0		415.8		434.6
Sealing Solutions	264.2		207.6		200.5
Performance Pneumatic Technologies(2)	182.2		122.9		133.5
Material Processing Technologies	134.5		120.0		113.6
Micropump	32.9		29.7		32.2
Intersegment elimination	(2.8)		(2.6)		(1.8)
Health & Science Technologies	1,119.0		893.4		912.6
Fire & Safety	377.5		376.3		404.0
Dispensing	169.6		98.5		116.2
BAND-IT	100.8		88.1		106.6
Intersegment elimination	(0.1)		(0.1)		(1.3)
Fire & Safety/Diversified Products	647.8		562.8		625.5
Total net sales	$	2,764.8	$	2,351.6	$	2,494.6

(1) During the third quarter of 2021, the Company merged a business in the Water reporting unit with a business in the Valves reporting unit. Revenue for each reporting unit has been restated to reflect this change for all years presented.

(2) This reporting unit was previously named Gast and was renamed Performance Pneumatic Technologies upon the acquisition of Airtech. Prior to 2021, amounts reflect only the Gast business.

Schedule of External Net Sales Disaggregated by Geography

Revenue by geographical region for the years ended December 31, 2021, 2020 and 2019 was as follows:


	For the Year Ended December 31, 2021
	FMT		HST		FSDP		IDEX
	(In millions)
U.S.	$	532.9	$	489.7	$	317.0	$	1,339.6
North America, excluding U.S.	61.6		23.7		28.5		113.8
Europe	197.2		341.0		161.5		699.7
Asia	143.7		241.8		110.0		495.5
Other (1)	63.3		25.6		30.9		119.8
Intersegment elimination	(0.7)		(2.8)		(0.1)		(3.6)
Total net sales	$	998.0	$	1,119.0	$	647.8	$	2,764.8


	For the Year Ended December 31, 2020
	FMT		HST		FSDP		IDEX
	(In millions)
U.S.	$	505.8	$	387.6	$	269.9	$	1,163.3
North America, excluding U.S.	52.8		21.3		23.2		97.3
Europe	174.9		249.8		149.2		573.9
Asia	109.1		221.2		94.2		424.5
Other (1)	53.7		16.1		26.4		96.2
Intersegment elimination	(0.9)		(2.6)		(0.1)		(3.6)
Total net sales	$	895.4	$	893.4	$	562.8	$	2,351.6


	For the Year Ended December 31, 2019
	FMT		HST		FSDP		IDEX
	(In millions)
U.S.	$	542.0	$	411.7	$	303.6	$	1,257.3
North America, excluding U.S.	58.3		21.7		26.3		106.3
Europe	170.7		263.5		159.2		593.4
Asia	125.0		201.8		103.4		430.2
Other (1)	61.0		15.7		34.3		111.0
Intersegment elimination	(0.5)		(1.8)		(1.3)		(3.6)
Total net sales	$	956.5	$	912.6	$	625.5	$	2,494.6

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

Schedule of Contract with Customer, Asset and Liability

The composition of Customer receivables was as follows:


	December 31, 2021		December 31, 2020
	(In millions)
Billed receivables	$	344.0	$	273.5
Unbilled receivables	10.9		14.8
Total customer receivables	$	354.9	$	288.3

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The composition of Deferred revenue was as follows:


	December 31, 2021		December 31, 2020
	(In millions)
Deferred revenue - current	$	49.0	$	28.4
Deferred revenue - noncurrent	32.2		30.4
Total deferred revenue	$	81.2	$	58.8