Revenue (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue by reporting unit for the three and six months ended June 30, 2022 and 2021 was as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Pumps	$	104.5	$	89.1	$	201.9	$	171.4
Water(1)	81.6		65.5		146.0		124.2
Energy	44.7		40.1		93.0		85.4
Agriculture	38.1		25.1		70.4		51.1
Valves(1)	31.0		31.5		60.6		62.5
Intersegment elimination	(0.4)		(0.4)		(0.5)		(0.7)
Fluid & Metering Technologies	299.5		250.9		571.4		493.9
Scientific Fluidics & Optics	149.2		130.4		290.4		244.8
Sealing Solutions	68.0		69.1		138.2		134.7
Performance Pneumatic Technologies	65.1		30.3		127.1		63.2
Material Processing Technologies	34.8		36.5		68.5		66.4
Micropump	8.9		8.7		17.0		16.3
Intersegment elimination	(0.6)		(0.7)		(1.2)		(1.6)
Health & Science Technologies	325.4		274.3		640.0		523.8
Fire & Safety	99.8		98.0		195.5		194.8
Dispensing	43.8		38.9		85.4		75.8
BAND-IT	27.6		23.9		55.0		49.7
Intersegment elimination	—		—		(0.1)		—
Fire & Safety/Diversified Products	171.2		160.8		335.8		320.3
Total net sales	$	796.1	$	686.0	$	1,547.2	$	1,338.0

(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 and six months ended June 30, 2021.

Schedule of External Net Sales Disaggregated by Geography

Revenue by geographical region for the three and six months ended June 30, 2022 and 2021 was as follows:



	Three Months Ended June 30, 2022
	FMT		HST		FSDP		IDEX
U.S.	$	170.5	$	157.7	$	85.0	$	413.2
North America, excluding U.S.	16.6		9.5		8.5		34.6
Europe	51.8		92.5		42.0		186.3
Asia	41.2		60.8		26.6		128.6
Other (1)	19.8		5.5		9.1		34.4
Intersegment elimination	(0.4)		(0.6)		—		(1.0)
Total net sales	$	299.5	$	325.4	$	171.2	$	796.1



	Three Months Ended June 30, 2021
	FMT		HST		FSDP		IDEX
U.S.	$	131.1	$	113.9	$	71.8	$	316.8
North America, excluding U.S.	14.1		4.4		8.2		26.7
Europe	52.7		95.5		45.4		193.6
Asia	37.9		51.3		26.8		116.0
Other (1)	15.5		9.9		8.6		34.0
Intersegment elimination	(0.4)		(0.7)		—		(1.1)
Total net sales	$	250.9	$	274.3	$	160.8	$	686.0


	Six Months Ended June 30, 2022
	FMT		HST		FSDP		IDEX
U.S.	$	320.5	$	309.7	$	161.5	$	791.7
North America, excluding U.S.	33.9		17.0		19.4		70.3
Europe	100.5		183.8		87.0		371.3
Asia	77.7		119.6		50.0		247.3
Other (1)	39.3		11.1		18.0		68.4
Intersegment elimination	(0.5)		(1.2)		(0.1)		(1.8)
Total net sales	$	571.4	$	640.0	$	335.8	$	1,547.2


	Six Months Ended June 30, 2021
	FMT		HST		FSDP		IDEX
U.S.	$	262.1	$	207.6	$	147.3	$	617.0
North America, excluding U.S.	28.9		11.5		15.4		55.8
Europe	101.3		172.3		88.0		361.6
Asia	71.6		119.0		53.7		244.3
Other (1)	30.7		15.0		15.9		61.6
Intersegment elimination	(0.7)		(1.6)		—		(2.3)
Total net sales	$	493.9	$	523.8	$	320.3	$	1,338.0

(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:


	June 30, 2022		December 31, 2021
Billed receivables	$	411.6	$	344.0
Unbilled receivables	9.9		10.9
Total customer receivables	$	421.5	$	354.9

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The composition of Deferred revenue was as follows:


	June 30, 2022		December 31, 2021
Deferred revenue - current	$	57.3	$	49.0
Deferred revenue - noncurrent	28.4		32.2
Total deferred revenue	$	85.7	$	81.2