Revenue (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue by reporting unit for the three months ended March 31, 2024 and 2023 was as follows:


	Three Months Ended March 31,
		2024		2023
Pumps		$	101.9	$	105.1
Water		83.0		94.1
Energy		52.6		50.7
Agriculture		39.7		38.6
Valves		36.5		33.3
Intersegment elimination		(0.2)		(0.7)
Fluid & Metering Technologies		313.5		321.1
Scientific Fluidics & Optics		162.7		178.6
Sealing Solutions		60.5		64.7
Performance Pneumatic Technologies		57.5		69.4
Material Processing Technologies		29.4		27.7
Micropump(1)		—		10.6
Intersegment elimination		(0.7)		(0.7)
Health & Science Technologies		309.4		350.3
Fire & Safety		105.1		106.2
Dispensing		41.5		36.2
BAND-IT		31.4		32.0
Intersegment elimination		(0.4)		(0.4)
Fire & Safety/Diversified Products		177.6		174.0
Net sales		$	800.5	$	845.4

(1) Revenue from Micropump, Inc. (sold on August 3, 2023) has been included in the Condensed Consolidated Statements of Income through the date of disposition.

Schedule of External Net Sales Disaggregated by Geography

Revenue by geographical region for the three months ended March 31, 2024 and 2023 was as follows:



	Three Months Ended March 31, 2024
	FMT		HST		FSDP		IDEX
U.S.	$	172.6	$	138.9	$	86.1	$	397.6
North America, excluding U.S.	16.3		5.6		7.4		29.3
Europe	58.8		104.1		45.0		207.9
Asia	44.7		55.7		30.7		131.1
Other(1)	21.3		5.8		8.8		35.9
Intersegment elimination	(0.2)		(0.7)		(0.4)		(1.3)
Net sales	$	313.5	$	309.4	$	177.6	$	800.5



	Three Months Ended March 31, 2023
	FMT		HST		FSDP		IDEX
U.S.	$	176.8	$	149.6	$	89.4	$	415.8
North America, excluding U.S.	19.4		5.2		8.5		33.1
Europe	59.2		120.9		44.7		224.8
Asia	45.1		66.6		23.4		135.1
Other(1)	21.3		8.7		8.4		38.4
Intersegment elimination	(0.7)		(0.7)		(0.4)		(1.8)
Net sales	$	321.1	$	350.3	$	174.0	$	845.4

(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, 2024		December 31, 2023
Billed receivables	$	419.4	$	408.1
Unbilled receivables	9.7		10.9
Total customer receivables	$	429.1	$	419.0

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The composition of deferred revenue was as follows:


	March 31, 2024		December 31, 2023
Deferred revenue - current	$	62.4	$	55.9
Deferred revenue - noncurrent	17.9		17.3
Total deferred revenue	$	80.3	$	73.2