Revenue (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue by reporting unit for the three months ended March 31, 2022 and 2021 was as follows:


	Three Months Ended March 31,
		2022		2021
Pumps		$	97.4	$	82.3
Water(1)		64.4		58.7
Energy		48.3		45.3
Agriculture		32.3		26.0
Valves(1)		29.6		31.0
Intersegment elimination		(0.1)		(0.3)
Fluid & Metering Technologies		271.9		243.0
Scientific Fluidics & Optics		141.2		114.4
Sealing Solutions		70.2		65.6
Performance Pneumatic Technologies(2)		62.0		32.9
Material Processing Technologies		33.7		29.9
Micropump		8.1		7.6
Intersegment elimination		(0.6)		(0.9)
Health & Science Technologies		314.6		249.5
Fire & Safety		95.7		96.8
Dispensing		41.6		36.9
BAND-IT		27.4		25.8
Intersegment elimination		(0.1)		—
Fire & Safety/Diversified Products		164.6		159.5
Total net sales		$	751.1	$	652.0

(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 the three months ended March 31, 2021.

(2) This reporting unit was previously named Gast and was renamed Performance Pneumatic Technologies upon the acquisition of Airtech on June 14, 2021. Prior to the acquisition date, amounts reflect only the Gast business.

Schedule of External Net Sales Disaggregated by Geography

Revenue by geographical region for the three months ended March 31, 2022 and 2021 was as follows:


	Three Months Ended March 31, 2022
	FMT		HST		FSDP		IDEX
U.S.	$	150.0	$	152.0	$	76.5	$	378.5
North America, excluding U.S.	17.3		7.5		10.9		35.7
Europe	48.7		91.3		45.0		185.0
Asia	36.5		58.8		23.4		118.7
Other (1)	19.5		5.6		8.9		34.0
Intersegment elimination	(0.1)		(0.6)		(0.1)		(0.8)
Total net sales	$	271.9	$	314.6	$	164.6	$	751.1


	Three Months Ended March 31, 2021
	FMT		HST		FSDP		IDEX
U.S.	$	131.0	$	93.7	$	75.5	$	300.2
North America, excluding U.S.	14.8		7.1		7.2		29.1
Europe	48.6		76.8		42.6		168.0
Asia	33.7		67.7		26.9		128.3
Other (1)	15.2		5.1		7.3		27.6
Intersegment elimination	(0.3)		(0.9)		—		(1.2)
Total net sales	$	243.0	$	249.5	$	159.5	$	652.0

(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:


	March 31, 2022		December 31, 2021
Billed receivables	$	397.3	$	344.0
Unbilled receivables	10.1		10.9
Total customer receivables	$	407.4	$	354.9

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The composition of Deferred revenue was as follows:


	March 31, 2022		December 31, 2021
Deferred revenue - current	$	59.8	$	49.0
Deferred revenue - noncurrent	30.8		32.2
Total deferred revenue	$	90.6	$	81.2