Dover (DOV) 10-Q 17 Oct 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 10, 2019
Cover page.
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	1-4018
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	53-0257888
Entity Address, Address Line One	3005 Highland Parkway
Entity Address, City or Town	Downers Grove,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60515
City Area Code	(630)
Local Phone Number	541-1540
Title of 12(b) Security	Common Stock
Trading Symbol	DOV
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		145,266,386
Entity Registrant Name	DOVER Corp
Entity Central Index Key	0000029905
Current Fiscal Year End Date	--12-31
Entity Small Business	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Revenue	$ 1,825,345	$ 1,747,403	$ 5,360,808	$ 5,183,168
Cost of goods and services	1,151,857	1,100,883	3,391,185	3,268,583
Gross profit	673,488	646,520	1,969,623	1,914,585
Selling, General and Administrative Expense	390,775	426,445	1,195,875	1,290,246
Loss on assets held for sale	0	0	(46,946)	0
Operating earnings	282,713	220,075	726,802	624,339
Interest Expense	31,410	31,192	94,972	98,957
Interest Income	(1,263)	(2,060)	(3,098)	(6,680)
Other income, net	(5,364)	(2,073)	(11,059)	(6,641)
Earnings before provision for income taxes	257,930	193,016	645,987	538,703
Provision for income taxes	51,924	35,711	136,191	105,533
Earnings from continuing operations	206,006	157,305	509,796	433,170
Loss from discontinued operations	0	0	0	(4,472)
Net earnings	$ 206,006	$ 157,305	$ 509,796	$ 428,698
Earnings per share from continuing operations
Earnings from continuing operations (in dollars per basic share)	$ 1.42	$ 1.07	$ 3.51	$ 2.87
Earnings from continuing operations (in dollars per diluted share)	1.40	1.05	3.47	2.82
Earnings (loss) per share from discontinued operations:
Earnings (loss) per share from discontinued operations (in dollars per basic share)	0	0	0	(0.03)
Earnings (loss) per share from discontinued operations (in dollars per diluted share)	0	0	0	(0.03)
Net earnings per share:
Net earnings (in dollars per basic share)	1.42	1.07	3.51	2.84
Net earnings (in dollars per diluted share)	$ 1.40	$ 1.05	$ 3.47	$ 2.79
Weighted average shares outstanding:
Weighted average shares outstanding - basic	145,372,000	147,344,000	145,276,000	151,177,000
Weighted average shares outstanding - diluted	147,051,000	149,457,000	147,053,000	153,429,000

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE EARNINGS (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net earnings	$ 206,006	$ 157,305	$ 509,796	$ 428,698
Foreign currency translation adjustments [Abstract]
Foreign currency translation (losses) gains	(50,865)	(13,567)	(41,143)	(26,418)
Reclassification of foreign currency translation losses to earnings	0	0	25,339	0
Total foreign currency translation adjustment	(50,865)	(13,567)	(15,804)	(26,418)
Pension and other postretirement benefit plans [Abstract]
Amortization of actuarial losses included in net periodic pension cost	127	402	379	3,409
Amortization of prior service cost included in net periodic pension cost	539	704	1,623	2,699
Total pension and other postretirement benefit plans	666	1,106	2,002	6,108
Changes in fair value of cash flow hedges [Abstract]
Unrealized net gains (losses) arising during period	545	(1,449)	(223)	2,019
Net losses (gains) reclassified into earnings	577	364	(69)	(347)
Total cash flow hedges	1,122	(1,085)	(292)	1,672
Other comprehensive (loss) earnings	(49,077)	(13,546)	(14,094)	(18,638)
Comprehensive earnings	$ 156,929	$ 143,759	$ 495,702	$ 410,060

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 340,532	$ 396,221
Receivables, net of allowances	1,269,150	1,231,859
Inventories	816,563	748,796
Prepaid and other current assets	159,747	126,878
Total current assets	2,585,992	2,503,754
Property, plant and equipment, net	820,582	806,497
Goodwill	3,760,428	3,677,328
Intangible assets, net	1,080,130	1,134,256
Other assets and deferred charges	422,169	243,936
Total assets	8,669,301	8,365,771
Current liabilities:
Notes payable and current maturities of long-term debt	182,700	220,318
Accounts payable	952,708	969,531
Accrued compensation and employee benefits	225,515	212,666
Accrued insurance	101,677	97,600
Other accrued expenses	338,529	313,452
Federal and other income taxes	24,173	13,854
Total current liabilities	1,825,302	1,827,421
Long-term debt	2,908,729	2,943,660
Deferred income taxes	333,886	339,325
Noncurrent income tax payable	54,304	54,304
Other liabilities	529,438	432,395
Stockholders' Equity:
Total stockholders' equity	3,017,643	2,768,666
Total liabilities and stockholders' equity	$ 8,669,301	$ 8,365,771

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Allowance for doubtful accounts receivable	$ 32,340	$ 28,469

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive (Loss) Earnings
Balance at Dec. 31, 2017	$ 4,383,180	$ 256,992	$ 942,485	$ (5,077,039)	$ 8,455,501	$ (194,759)
Net earnings	428,698	0	0	0	428,698	0
Dividends paid	(213,126)	0	0	0	(213,126)	0
Separation of Apergy	(906,815)	0	0	0	(939,743)	32,928
Common stock issued for the exercise of share-based awards	(44,443)	783	(45,226)	0	0	0
Share-based compensation expense	16,590	0	16,590	0	0	0
Common stock acquired, including accelerated share repurchase program	(892,771)	0	(140,000)	(752,771)	0	0
Other comprehensive loss, net of tax	(18,638)	0	0	0	0	(18,638)
Other, net	(4,916)	0	(4,916)	0	0	0
Balance at Sep. 30, 2018	2,747,934	257,775	768,933	(5,829,810)	7,744,361	(193,325)
Balance at Jun. 30, 2018	2,840,591	257,394	787,132	(5,682,016)	7,657,860	(179,779)
Net earnings	157,305	0	0	0	157,305	0
Dividends paid	(70,804)	0	0	0	(70,804)	0
Common stock issued for the exercise of share-based awards	(23,241)	381	(23,622)	0	0	0
Share-based compensation expense	5,443	0	5,443	0	0	0
Common stock acquired, including accelerated share repurchase program	(147,794)	0	0	(147,794)	0	0
Other comprehensive loss, net of tax	(13,546)	0	0	0	0	(13,546)
Other, net	(20)	0	(20)	0	0	0
Balance at Sep. 30, 2018	2,747,934	257,775	768,933	(5,829,810)	7,744,361	(193,325)
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2018-02 [Member]	0	0	0	0	12,856	(12,856)
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2014-09 [Member]	175	0	0	0	175	0
Balance at Dec. 31, 2018	2,768,666	257,822	886,016	(5,947,562)	7,815,486	(243,096)
Net earnings	509,796	0	0	0	509,796	0
Dividends paid	(211,072)	0	0	0	(211,072)	0
Common stock issued for the exercise of share-based awards	(29,011)	604	(29,615)	0	0	0
Share-based compensation expense	24,493	0	24,493	0	0	0
Common stock acquired, including accelerated share repurchase program	(23,280)	0	0	(23,280)	0	0
Other comprehensive loss, net of tax	(14,094)	0	0	0	0	(14,094)
Other, net	(7,855)	0	(7,905)	0	50	0
Balance at Sep. 30, 2019	3,017,643	258,426	872,989	(5,970,842)	8,114,260	(257,190)
Balance at Jun. 30, 2019	2,955,271	258,315	873,034	(5,947,562)	7,979,597	(208,113)
Net earnings	206,006	0	0	0	206,006	0
Dividends paid	(71,342)	0	0	0	(71,342)	0
Common stock issued for the exercise of share-based awards	(7,802)	111	(7,913)	0	0	0
Share-based compensation expense	7,876	0	7,876	0	0	0
Common stock acquired, including accelerated share repurchase program	(23,280)	0	0	(23,280)	0	0
Other comprehensive loss, net of tax	(49,077)	0	0	0	0	(49,077)
Other, net	(9)	0	(8)	0	(1)	0
Balance at Sep. 30, 2019	$ 3,017,643	$ 258,426	$ 872,989	$ (5,970,842)	$ 8,114,260	$ (257,190)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Stockholders' Equity [Abstract]
Dividends paid per common share (in dollars per share)	$ 0.49	$ 0.48	$ 1.45	$ 1.42

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating Activities
Net earnings	$ 509,796	$ 428,698
Loss (earnings) from discontinued operations	0	4,472
Loss on assets held for sale	(46,946)	0
Adjustments to reconcile net earnings to cash from operating activities:
Depreciation and amortization	202,294	206,018
Share-based compensation expense	24,493	15,846
Other, net	(6,107)	(13,946)
Cash effect of changes in assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):
Accounts receivable, net	(67,603)	(119,687)
Inventories	(74,412)	(130,351)
Prepaid expenses and other assets	(29,336)	(34,604)
Accounts payable	(3,875)	87,898
Accrued compensation and employee benefits	(5,908)	(17,101)
Accrued expenses and other liabilities	(3,833)	(8,169)
Accrued and deferred taxes, net	(8,357)	(390)
Net cash provided by operating activities	584,098	418,684
Investing Activities
Additions to property, plant and equipment	(137,276)	(134,556)
Acquisitions, net of cash acquired	215,687	68,557
Proceeds from sale of property, plant, and equipment	2,838	4,681
Proceeds from sale of businesses	24,218	2,069
Other	(10,150)	(13,762)
Net cash (used in) provided by investing activities	(336,057)	(210,125)
Financing Activities
Cash received from Apergy, net of cash distributed	0	689,643
Repurchase of common stock, including prepayment under an accelerated share repurchase program	(23,280)	(892,771)
Change in commercial paper and notes payable	(37,650)	67,617
Dividends paid to stockholders	(211,072)	(213,126)
Payments to settle employee tax obligations on exercise of share-based awards	(29,011)	(44,443)
Repayments of long-term debt	0	(350,000)
Other	(1,417)	(6,233)
Net cash used in by financing activities	(302,430)	(749,313)
Cash Provided by (Used in) Operating Activities, Discontinued Operations	0	15,790
Cash Provided by (Used in) Investing Activities, Discontinued Operations	0	(23,705)
Net Cash Provided by (Used in) Discontinued Operations	0	(7,915)
Effect of Exchange Rate on Cash and Cash Equivalents	(1,300)	3,982
Net (decrease) increase in cash and cash equivalents	(55,689)	(544,687)
Cash and cash equivalents at beginning of period	396,221	753,964
Cash and cash equivalents at end of period	$ 340,532	$ 209,277

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited interim Condensed Consolidated Financial Statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") for interim periods and do not include all of the information and note disclosures required by accounting principles generally accepted in the United States of America ("GAAP") for complete financial statements. These unaudited interim Condensed Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes for Dover Corporation ("Dover" or the "Company") for the year ended December 31, 2018, included in the Company's Annual Report on Form 10-K filed with the SEC on February 15, 2019. The year end Condensed Consolidated Balance Sheet was derived from audited financial statements. Certain amounts in the prior periods have been reclassified to conform to the current year presentation. On May 9, 2018, the Company completed a pro-rata distribution of the common stock of Apergy Corporation ("Apergy") to the Company's shareholders of record as of the close of business on April 30, 2018. Apergy holds entities conducting upstream energy businesses previously included in the Energy segment. As discussed in Note 5 - Discontinued and Disposed Operations, the Apergy businesses met the criteria to be reported as discontinued operations because the spin-off is a strategic shift in business that has a major effect on the Company's operations and financial results. Therefore, the Company is reporting the historical results of Apergy, including the results of operations and cash flows as discontinued operations for all periods presented herein. Subsequent to the spin-off of Apergy, effective the second quarter of 2018, the Company is aligned into three reportable segments. See Note 18 — Segment Information for additional information regarding the segments, including segment results for the three and nine months ended September 30, 2019 and 2018. Unless otherwise noted, the accompanying Notes to the Consolidated Financial Statements have all been revised to reflect the effect of the separation of Apergy and all prior year balances have been revised accordingly to reflect continuing operations only. The accompanying unaudited interim Condensed Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect amounts reported in the Condensed Consolidated Financial Statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions that the Company may undertake in the future, actual results may differ from those estimates. The Condensed Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair statement of results for these interim periods. The results of operations of any interim period are not necessarily indicative of the results of operations for the full year.

Spin-off of Apergy Corporation

Spin-off of Apergy Corporation	9 Months Ended
	Sep. 30, 2018
Spin-off of Apergy Corporation [Abstract]
Spin-Off of Apergy Corporation [Text Block]	2. Spin-off of Apergy Corporation On May 9, 2018, Dover completed the distribution of Apergy to its shareholders. The transaction was completed through the pro rata distribution of 100% of the common stock of Apergy to Dover's shareholders of record as of the close of business on April 30, 2018. Each Dover shareholder received one share of Apergy common stock for every two shares of Dover common stock held as of the record date. The following is a summary of the assets and liabilities transferred to Apergy as part of the separation on May 9, 2018: Assets: Cash and cash equivalents $ 10,357 Current assets 462,620 Non-current assets 1,438,760 $ 1,911,737 Liabilities: Current liabilities $ 185,354 Non-current liabilities 119,568 $ 304,922 Net assets distributed to Apergy Corporation $ 1,606,815 Less: Cash received from Apergy Corporation 700,000 Net distribution to Apergy Corporation $ 906,815 In connection with the spin-off from the company, Apergy issued and sold $300.0 million in aggregate principal amount of its 6.375% senior notes due May 2026 in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, and incurred $415.0 million in borrowings under its new senior secured term loan facility to fund a one-time cash payment of $700.0 million to Dover. Dover received net cash of $689.6 million upon separation, which reflects $10.4 million of cash held by Apergy on the distribution date and retained by it in connection with its separation from Dover. Dover utilized the proceeds from Apergy as the primary source of funding for $1 billion of share repurchases started in December 2017 and completed in December 2018. Included within the net assets distributed to Apergy is approximately $33 million of accumulated other comprehensive earnings attributable to Apergy, relating primarily to foreign currency translation gains, offset by unrecognized losses on pension obligations. The historical results of Apergy, including the results of operations and cash flows have been reclassified to discontinued operations for all periods presented herein. See Note 5 — Disposed and Discontinued Operations. Pursuant to the separation of Apergy from Dover, and the related separation and distribution agreements, any liabilities due from Dover to Apergy are not significant.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	3. Revenue Effective January 1, 2018, the Company adopted Accounting Standard Codification ("ASC") Topic 606, Revenue from Contracts with Customers ("Topic 606” or “ASC 606”), using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Under Topic 606, a contract with a customer is an agreement which both parties have approved, that creates enforceable rights and obligations, has commercial substance and where payment terms are identified and collectability is probable. Once the Company has entered a contract, it is evaluated to identify performance obligations. For each performance obligation, revenue is recognized as control of promised goods or services transfers to the customer in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services. The amount of revenue recognized takes into account variable consideration, such as discounts and volume rebates. Over 95% of the Company’s performance obligations are recognized at a point in time that relate to the manufacture and sale of a broad range of products and components. Revenue is recognized when control transfers to the customer upon shipment or completion of installation, testing, certification, or other substantive acceptance provisions required under the contract. Less than 5% of the Company’s revenue is recognized over time and generally relates to the sale of services or engineered to order equipment that have no alternative use and in which the contract specifies the Company has a right to payment for its costs, plus a reasonable margin. Revenue from contracts with customers is disaggregated by end markets, segments and geographic location, as it best depicts the nature and amount of the Company’s revenue. The following table presents revenue disaggregated by end market and segment: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Printing & Identification $ 287,157 $ 283,232 $ 848,056 $ 865,588 Industrials 414,634 388,302 1,237,427 1,180,561 Total Engineered Systems segment 701,791 671,534 2,085,483 2,046,149 Fueling & Transport 411,769 367,617 1,175,405 1,050,276 Pumps (1) 169,678 167,542 523,730 503,157 Process Solutions 171,599 154,906 486,568 458,396 Total Fluids segment 753,046 690,065 2,185,703 2,011,829 Refrigeration 313,908 328,281 905,084 937,168 Food Equipment 56,427 57,933 185,368 189,047 Total Refrigeration & Food Equipment segment 370,335 386,214 1,090,452 1,126,215 Intra-segment eliminations 173 (410) (830) (1,025) Total Consolidated Revenue $ 1,825,345 $ 1,747,403 $ 5,360,808 $ 5,183,168 (1) Finder Pompe S.r.l was sold on April 2, 2019. The following table presents revenue disaggregated by geography based on the location of the Company's customer: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 United States $ 1,002,349 $ 922,261 $ 2,883,147 $ 2,707,470 Europe 376,601 369,479 1,184,520 1,158,891 Asia 229,210 219,645 623,838 633,280 Other Americas 150,257 166,182 466,591 467,523 Other 66,928 69,836 202,712 216,004 Total $ 1,825,345 $ 1,747,403 $ 5,360,808 $ 5,183,168 At September 30, 2019, we estimated that $81.6 million in revenue is expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period. We expect to recognize approximately 58% of our unsatisfied (or partially unsatisfied) performance obligations as revenue through 2020, with the remaining balance to be recognized in 2021 and thereafter. The following table provides information about contract assets and contract liabilities from contracts with customers: September 30, 2019 December 31, 2018 At Adoption Contract assets $ 13,924 $ 9,330 $ 11,932 Contract liabilities - current 39,656 36,461 48,268 Contract liabilities - non-current 9,121 9,382 9,916 The revenue recognized during the nine months ended September 30, 2019 and 2018 that was included in contract liabilities at the beginning of the period amounted to $25,977 and $37,579, respectively.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Acquisitions	4. Acquisitions 2019 Acquisitions During the nine months ended September 30, 2019, the Company acquired three businesses in separate transactions for total consideration of $216,398, net of cash acquired and including contingent consideration. These businesses were acquired to complement and expand upon existing operations within the Fluids segment. The goodwill recorded as a result of these acquisitions represents the economic benefits expected to be derived from product line expansions and operational synergies. The goodwill is deductible for U.S. income tax purposes for these acquisitions. On May 7, 2019, the Company acquired the assets of the All-Flo Pump Company, Limited business ("All-Flo"), a growing manufacturer of specialty pumps for $39,954. The All-Flo acquisition strengthens Dover's position in the growing market for air-operated double-diaphragm pumps within the Pumps end market of the Fluids segment. On January 25, 2019, the Company acquired the assets of Belanger, Inc. ("Belanger"), a leading full-line car wash equipment manufacturer for $175,350, net of cash acquired. The Belanger acquisition strengthens Dover's position in the vehicle wash business within the Fueling & Transport end market of the Fluids segment. One other immaterial acquisition was completed during the nine months ended September 30, 2019, which included contingent consideration, within the Fluids segment. The following presents the preliminary allocation of purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at acquisition date: Total Current assets, net of cash acquired $ 14,353 Property, plant and equipment 1,030 Goodwill 119,363 Intangible assets 91,980 Other assets and deferred charges 20 Current liabilities (10,348) Net assets acquired $ 216,398 The amounts assigned to goodwill and major intangible asset classifications were as follows: Amount allocated Useful life (in years) Goodwill $ 119,363 na Customer intangibles 68,500 9 - 13 Patents 16,000 9 Trademarks 7,480 15 $ 211,343 2018 Acquisitions During the nine months ended September 30, 2018, the Company acquired two businesses in separate transactions for total consideration of $68,557, net of cash acquired. These businesses were acquired to complement and expand upon existing operations within the Fluids and Refrigeration & Food Equipment segments. The goodwill recorded as a result of these acquisitions reflects the benefits expected to be derived from product line expansions and operational synergies. The goodwill is non-deductible for U.S. federal income tax purposes for these acquisitions. On January 2, 2018, the Company acquired 100% of the voting stock of Ettlinger Group ("Ettlinger"), within the Fluids segment for $53,218, net of cash acquired. In connection with this acquisition, the Company recorded goodwill of $36,493 and intangible assets of $19,907, primarily related to customer intangibles. The intangible assets are being amortized over 8 to 15 years. On January 12, 2018, the Company acquired 100% of the voting stock of Rosario Handel B.V. ("Rosario"), within the Refrigeration & Food Equipment segment for total consideration of $15,339, net of cash acquired. In connection with this acquisition, the Company recorded goodwill of $10,402 and a customer intangible asset of $4,149. The customer intangible asset is being amortized over 10 years. Pro Forma Information The following unaudited pro forma information illustrates the impact of 2019 and 2018 acquisitions on the Company’s revenue and earnings from operations for the three and nine months ended September 30, 2019 and 2018, respectively. The unaudited pro forma information assumes that the 2019 and 2018 acquisitions had taken place at the beginning of the prior year, 2018 and 2017, respectively. Unaudited pro forma earnings are adjusted to reflect the comparable impact of additional depreciation and amortization expense, net of tax, resulting from the fair value measurement of intangible and tangible assets relating to the year of acquisition. The unaudited pro forma effects for the three and nine months ended September 30, 2019 and 2018 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Revenue: As reported $ 1,825,345 $ 1,747,403 $ 5,360,808 $ 5,183,168 Pro forma 1,825,510 1,764,397 5,369,686 5,233,912 Earnings from continuing operations: As reported $ 206,006 $ 157,305 $ 509,796 $ 433,170 Pro forma 206,091 159,122 512,679 440,603 Basic earnings per share from continuing operations: As reported $ 1.42 $ 1.07 $ 3.51 $ 2.87 Pro forma 1.42 1.08 3.53 2.91 Diluted earnings per share from continuing operations: As reported $ 1.40 $ 1.05 $ 3.47 $ 2.82 Pro forma 1.40 1.06 3.49 2.87

Disposed and Discontinued Opera

Disposed and Discontinued Operations	9 Months Ended
	Sep. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations	5. Disposed and Discontinued Operations Management evaluates Dover's businesses periodically for their strategic fit within its operations and may from time to time sell or discontinue certain operations for various reasons. Disposed Operations On March 29, 2019, the Co mpany entered into a definitive agreement to sell Finder Pompe S.r.l ("Finder"), a wholly owned subsidiary, to Gruppo Aturia S.p.A (“Aturia”). As of March 31, 2019, Finder met the criteria to be classified as held for sale. The Company classified Finder's assets and liabilities separately on the consolidated balance sheet as of March 31, 2019. Based on the total consideration from the sale, net of selling costs, the Company recorded a loss on the assets held for sale of $46,946 in the Condensed Consolidated Statements of Earnings during the three months ended March 31, 2019. The loss was comprise d of an impairment on assets held for sale of $21,607 an d $25,339 of foreign currency translation losses reclassified out of accumulated other comprehensive losses. On April 2, 2019, Dover completed the sale of Finder to Aturia, which generated total cash proceeds of $24,218, of which $2,245 was received on March 29, 2019. The Finder business is included in the results of the Fluids segment. The sale does not represent a strategic shift that will have a major effect on operations and financial results and, therefo re, did not qualify for presentation as a discontinued operation. There were no dispositions during the nine months ended September 30, 2018. Discontinued Operations There were no discontinued operations for the three and nine months ending September 30, 2019. In 2018, the Apergy businesses, as discussed in Note 2, met the criteria to be reported as discontinued operations because the spin-off was a strategic shift in business that has a major effect on the Company's operations and financial results. Therefore, the results of discontinued operations for the three and nine months ended September 30, 2018 include the historical results of Apergy prior to its distribution on May 9, 2018. The three and nine months ended September 30, 2018 included costs incurred by Dover to complete the spin-off of Apergy amounting to $0 and $46,384, respectively, reflected in selling, general and administrative expenses in discontinued operations. See Note 2 — Spin-off of Apergy Corporation for further information. Summarized results of the Company's discontinued operations were as follows: Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Revenue $ — $ 403,688 Cost of goods and services — 254,205 Gross profit — 149,483 Selling, general and administrative expenses — 144,114 Operating earnings — 5,369 Other expense, net — 349 Earnings from discontinued operations before taxes — 5,020 Provision for income taxes — 9,492 Loss from discontinued operations, net of tax $ — $ (4,472)

Inventories

Inventories	9 Months Ended
	Sep. 30, 2019
Inventory, Net [Abstract]
Inventory Disclosure	6. Inventories September 30, 2019 December 31, 2018 Raw materials $ 470,088 $ 439,616 Work in progress 169,639 154,878 Finished goods 289,779 265,722 Subtotal 929,506 860,216 Less reserves (112,943) (111,420) Total $ 816,563 $ 748,796

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure	7. Property, Plant and Equipment, net September 30, 2019 December 31, 2018 Land $ 48,935 $ 53,623 Buildings and improvements 512,985 529,982 Machinery, equipment and other 1,635,444 1,555,345 Property, plant and equipment, gross 2,197,364 2,138,950 Accumulated depreciation (1,376,782) (1,332,453) Property, plant and equipment, net $ 820,582 $ 806,497

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	8. Leases The Company adopted ASC Topic 842 - Leases as of January 1, 2019, using the transition method per ASU No. 2018-11 issued on July 2018 wherein entities were allowed to initially apply the new leases standard at adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Accordingly, all periods prior to January 1, 2019 were presented in accordance with the previous ASC Topic 840 - Leases, and no retrospective adjustments were made to the comparative periods presented. Adoption of ASC Topic 842 resulted in an increase to total assets and liabilities due to the recording of operating lease right-of-use assets ("ROU") and operating lease liabilities of approximately $163 million, as of January 1, 2019. Finance leases were not impacted by the adoption of ASC Topic 842, as finance lease liabilities and the corresponding ROU assets were already recorded in the balance sheet under the previous guidance, ASC Topic 840. The adoption did not materially impact the Company’s Consolidated Statements of Earnings or Cash Flows. The Company has operating and finance leases for corporate offices, manufacturing plants, research and development facilities, shared services facilities, vehicle fleets and certain office and manufacturing equipment. Leases with an initial term of 12 months or less are not recorded in the balance sheet. The Company has elected the practical expedient to account for each separate lease component of a contract and its associated non-lease components as a single lease component, thus causing all fixed payments to be capitalized. The Company also elected the package of practical expedients permitted within the new standard, which among other things, allows the Company to carry forward historical lease classification. Variable lease payment amounts that cannot be determined at the commencement of the lease such as increases in lease payments based on changes in index rates or usage, are not included in the ROU assets or liabilities. These are expensed as incurred and recorded as variable lease expense. The Company determines if an arrangement is a lease at inception of a contract. Operating lease ROU assets are included in other assets and deferred charges and operating lease liabilities are included in other accrued expenses and other liabilities in the Consolidated Balance Sheet. Finance lease ROU assets are included in property and equipment, and the related lease liabilities are included in other accrued expenses and other liabilities in the Consolidated Balance Sheet. ROU assets represent the Company's right to use an underlying asset during the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at commencement date based on the net present value of fixed lease payments over the lease term. The Company's lease term include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. ROU assets also include any advance lease payments made and exclude lease incentives. As most of the Company's operating leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Finance lease agreements generally include an interest rate that is used to determine the present value of future lease payments. Operating fixed lease expense and finance lease depreciation expense are recognized on a straight-line basis over the lease term. The components of lease costs were as follows: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating Lease Costs: Fixed $ 13,557 $ 38,520 Variable 1,634 5,274 Short-term 3,998 13,736 Total* $ 19,189 $ 57,530 * Finance lease cost and sublease income were immaterial. Supplemental cash flow information were as follows: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 13,836 $ 39,237 Operating cash flows from finance leases 107 326 Financing cash flows from finance leases 490 1,430 Total $ 14,433 $ 40,993 Right-of-use assets obtained in exchange for new lease obligations: Operating leases 9,632 28,566 Finance leases 460 827 Total $ 10,092 $ 29,393 Supplemental balance sheet information related to leases were as follows: September 30, 2019 Operating Leases: Right of use assets: Other assets and deferred charges $ 151,655 Lease liabilities: Other accrued expenses $ 41,719 Other liabilities 117,595 Total operating lease liabilities $ 159,314 Finance Leases: Right of use assets: Property, plant and equipment, net (1) $ 8,678 Lease liabilities: Other accrued expenses $ 1,601 Other liabilities 7,939 Total financing lease liabilities $ 9,540 (1) Finance lease assets are recorded net of accumulated depreciation of $4,203. The aggregate future lease payments for operating and finance leases as of September 30, 2019 were as follows: Operating Finance 2019 (excluding the nine months ending September 30, 2019) $ 12,410 $ 523 2020 43,000 2,069 2021 33,983 1,962 2022 24,536 1,651 2023 16,018 1,219 Thereafter 46,931 3,925 Total lease payments 176,878 11,349 Less: Interest (17,564) (1,809) Present value of lease liabilities $ 159,314 $ 9,540 The aggregate future lease payments for operating and capital leases as of December 31, 2018 were as follows: Operating Capital 2019 $ 49,009 $ 1,802 2020 38,620 1,748 2021 29,396 1,687 2022 21,767 1,392 2023 13,994 952 Thereafter 42,087 3,802 Total $ 194,873 $ 11,383 Average lease terms and discount rates were as follows: September 30, 2019 Weighted-average remaining lease term (years) Operating leases 5.8 Finance leases 6.2 Weighted-average discount rate Operating leases 3.3% Finance leases 4.2%

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	9. Goodwill and Other Intangible Assets The changes in the carrying value of goodwill by reportable operating segments were as follows: Engineered Systems Fluids Refrigeration & Food Equipment Total Balance at December 31, 2018 $ 1,623,660 $ 1,507,602 $ 546,066 $ 3,677,328 Acquisitions — 119,363 — 119,363 Disposition of business — (4,739) — (4,739) Foreign currency translation (18,082) (12,855) (587) (31,524) Balance at September 30, 2019 $ 1,605,578 $ 1,609,371 $ 545,479 $ 3,760,428 During the nine months ended September 30, 2019, the Company recorded additions of $119,363 to goodwill as a result of the acquisitions with the Fluids segment discussed in Note 4 — Acquisitions . During the nine months ended September 30, 2019, the Company disposed of $4,739 of the Fluids segment goodwill as a result of the sale of a business as discussed in Note 5 — Disposed and Discontinued Operations. The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows: September 30, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets: Customer intangibles $ 1,401,618 $ 687,947 $ 713,671 $ 1,395,742 $ 645,305 $ 750,437 Trademarks 216,706 81,503 135,203 214,774 72,305 142,469 Patents 159,291 132,294 26,997 144,302 128,254 16,048 Unpatented technologies 153,528 95,583 57,945 155,380 85,560 69,820 Distributor relationships 81,215 42,137 39,078 82,970 37,943 45,027 Drawings & manuals 27,201 21,586 5,615 31,849 23,273 8,576 Other 21,740 16,739 5,001 21,046 15,835 5,211 Total 2,061,299 1,077,789 983,510 2,046,063 1,008,475 1,037,588 Unamortized intangible assets: Trademarks 96,620 — 96,620 96,668 — 96,668 Total intangible assets, net $ 2,157,919 $ 1,077,789 $ 1,080,130 $ 2,142,731 $ 1,008,475 $ 1,134,256

Restructuring Activities

Restructuring Activities	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	10. Restructuring Activities The Company's restructuring charges by segment were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Engineered Systems $ 852 $ 10,637 $ 3,730 $ 13,872 Fluids 1,732 10,473 5,128 16,021 Refrigeration & Food Equipment 495 452 2,134 598 Corporate 257 2,639 1,018 5,932 Total $ 3,336 $ 24,201 $ 12,010 $ 36,423 These amounts are classified in the Condensed Consolidated Statements of Earnings as follows: Cost of goods and services $ 2,073 $ 3,586 $ 4,435 $ 7,985 Selling, general and administrative expenses 1,263 20,615 7,575 28,438 Total $ 3,336 $ 24,201 $ 12,010 $ 36,423 The restructuring expenses of $3,336 and $12,010 incurred during the three and nine months ended September 30, 2019, respectively, were primarily related to two significant rightsizing restructuring programs initiated in 2018 comprised principally of broad-based selling, general and administrative expense reduction and footprint consolidation initiatives designed to increase operating margin, enhance operations and position the Company for sustained growth and investment. In 2019, the Company expects to incur charges of approximately $9 million related to the selling, general and administrative expense reduction initiatives, $7 million of which was incurred during the nine months ended September 30, 2019 and $2 million of which the Company expects to incur during the remainder of 2019. In 2019 and 2020, the Company expects to incur total restructuring charges of approximately $10 million related to footprint consolidation initiatives, $4 million of which was incurred during the nine months ended September 30, 2019 and $6 million of which the Company expects to incur in the remainder of 2019 through 2020. Additional programs, beyond the scope of the announced programs, are expected to be implemented during 2019 with related restructuring charges. The $3,336 of restructuring charges incurred during the third quarter of 2019 primarily included the following items: • The Engineered Systems segment recorded $852 of restructuring charges related to programs focused on headcount reductions and facility restructuring costs. • The Fluids segment recorded $1,732 of restructuring charges principally related to headcount reductions. • The Refrigeration and Food Equipment segment recorded $495 of restructuring expense primarily due to headcount reductions and facility restructuring costs. • Corporate recorded $257 of restructuring charges primarily related to headcount reductions. The Company’s severance and exit accrual activities were as follows: Severance Exit Total Balance at December 31, 2018 $ 24,284 $ 3,880 $ 28,164 Restructuring charges 8,695 3,315 12,010 Payments (23,583) (2,336) (25,919) Other, including foreign currency translation (644) (2,567) (1) (3,211) Balance at September 30, 2019 $ 8,752 $ 2,292 $ 11,044 (1) Other activity in exit reserves primarily represents the non-cash write-off of certain long-lived assets and inventory in connection with certain facility closures and product exits.

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Borrowings	11. Borrowings Borrowings consisted of the following: September 30, 2019 December 31, 2018 Short-term Commercial paper $ 182,700 $ 220,318 Notes payable $ 182,700 $ 220,318 Carrying amount (1) Principal September 30, 2019 December 31, 2018 Long-term 2.125% 7-year notes due December 1, 2020 (euro-denominated) € 300,000 $ 327,726 $ 339,657 4.30% 10-year notes due March 1, 2021 $ 450,000 449,477 449,200 3.150% 10-year notes due November 15, 2025 $ 400,000 395,874 395,368 1.25% 10-year notes due November 9, 2026 (euro-denominated) € 600,000 648,551 672,103 6.65% 30-year debentures due June 1, 2028 $ 200,000 199,130 199,054 5.375% 30-year debentures due October 15, 2035 $ 300,000 295,998 295,811 6.60% 30-year notes due March 15, 2038 $ 250,000 247,911 247,827 5.375% 30-year notes due March 1, 2041 $ 350,000 344,062 343,877 Other — 763 Total long-term debt $ 2,908,729 $ 2,943,660 (1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $14.5 million and $15.8 million as of September 30, 2019 and December 31, 2018, respectively. Total deferred debt issuance costs were $11.6 million and $13.0 million as of September 30, 2019 and December 31, 2018, respectively. As of September 30, 2019, the Company maintained a $1.0 billion five-year unsecured revolving credit facility (the "Credit Agreement") with a syndicate of banks which expires on November 10, 2020. The Company was in compliance with all covenants in the Credit Agreement and other long-term debt covenants at September 30, 2019 and had an interest coverage ratio of consolidated EBITDA to consolidated net interest expense of 10.5 to 1.0. The Company uses the Credit Agreement as liquidity back-up for its commercial paper program and has not drawn down any loans under the Credit Agreement and does not anticipate doing so. The Company generally uses commercial paper borrowings for general corporate purposes, funding of acquisitions and repurchases of its common stock. On October 4, 2019, the Company entered into a new credit facility and terminated the Credit Agreement, as discussed in Note 22 — Subsequent Events. As of September 30, 2019, the Company had approximately $145.5 million outstanding in letters of credit, surety bonds, and performance and other guarantees which expire on various dates through 2028. These letters of credit and bonds are primarily issued as security for insurance, warranty and other performance obligations. In general, we would only be liable for the amount of these guarantees in the event of default in the performance of our obligations.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure	12. Financial Instruments Derivatives The Company is exposed to market risk for changes in foreign currency exchange rates due to the global nature of its operations and certain commodity risks. In order to manage these risks, the Company has hedged portions of its forecasted sales and purchases to occur within the next twelve months that are denominated in non-functional currencies, with currency forward contracts designated as cash flow hedges. At September 30, 2019 and December 31, 2018, the Company had contracts with total notional amounts of $182,722 and $193,649, respectively, to exchange currencies, principally the Pound Sterling, Euro, Swedish Krona, Chinese Yuan, Canadian Dollar, and Swiss Franc. The Company believes it is probable that all forecasted cash flow transactions will occur. In addition, the Company had outstanding contracts with a total notional amount of $88,599 and $66,906 as of September 30, 2019 and December 31, 2018, respectively, that are not designated as hedging instruments. These instruments are used to reduce the Company's exposure for operating receivables and payables that are denominated in non-functional currencies. Gains and losses on these contracts are recorded in other income, net in the Condensed Consolidated Statements of Earnings. The following table sets forth the fair values of derivative instruments held by the Company as of September 30, 2019 and December 31, 2018 and the balance sheet lines in which they are recorded: Fair Value Asset (Liability) September 30, 2019 December 31, 2018 Balance Sheet Caption Foreign currency forward $ 2,052 $ 1,874 Prepaid / Other current assets Foreign currency forward (1,454) (1,165) Other accrued expenses For a cash flow hedge, the effective portion of the change in estimated fair value of a hedging instrument is recorded in accumulated other comprehensive loss (earnings) as a separate component of the Condensed Consolidated Statement of Stockholders' Equity and is reclassified into revenues and cost of goods and services in the Condensed Consolidated Statements of Earnings during the period in which the hedged transaction is recognized. The amount of gains or losses from hedging activity recorded in earnings is not significant, and the amount of unrealized gains and losses from cash flow hedges that are expected to be reclassified to earnings in the next twelve months is not significant; therefore, additional tabular disclosures are not presented. There are no amounts excluded from the assessment of hedge effectiveness and the Company's derivative instruments that are subject to credit risk contingent features were not significant. The Company is exposed to credit loss in the event of nonperformance by counterparties to the financial instrument contracts held by the Company; however, nonperformance by these counterparties is considered unlikely as the Company’s policy is to contract with highly-rated, diversified counterparties. The Company has designated the €600,000 and €300,000 of euro-denominated notes issued November 9, 2016 and December 4, 2013, respectively, as hedges of a portion of its net investment in euro-denominated operations. Changes in the value of the euro-denominated debt are recognized in foreign currency translation adjustments within other comprehensive earnings of the Condensed Consolidated Statements of Comprehensive Earnings to offset changes in the value of the net investment in euro-denominated operations. Amounts recognized in other comprehensive earnings for the gains (losses) on net investment hedges were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Gain (loss) on euro-denominated debt $ 37,783 $ (6,155) $ 36,630 $ 7,734 Tax (expense) benefit (7,934) 1,293 (7,692) (1,624) Net gain (loss) on net investment hedges, net of tax $ 29,849 $ (4,862) $ 28,938 $ 6,110 Fair Value Measurements ASC 820, Fair Value Measurements and Disclosures, establishes a fair value hierarchy that requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the hierarchy is based on the lowest level of input that is significant to the fair value measurement. ASC 820 establishes three levels of inputs that may be used to measure fair value. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs include inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of assets or liabilities. Level 3 inputs are unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018: September 30, 2019 December 31, 2018 Level 2 Level 2 Assets: Foreign currency cash flow hedges $ 2,052 $ 1,874 Liabilities: Foreign currency cash flow hedges 1,454 1,165 In addition to fair value disclosure requirements related to financial instruments carried at fair value, accounting standards require interim disclosures regarding the fair value of all of the Company’s financial instruments. The estimated fair value of long-term debt, net at September 30, 2019 and December 31, 2018 , w as $3,296,860 and $3,132,330, respectively. The estimated fair value of long-term debt is based on quoted market prices for similar instruments and is, therefore, classified as Level 2 within the fair value hierarchy. The carrying values of cash and cash equivalents, trade receivables, accounts payable and notes payable are reasonable estimates of their fair values as of September 30, 2019, and December 31, 2018 due to the short-term nature of these instruments.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes The effective tax rates for the three months ended September 30, 2019 and 2018 were 20.1% and 18.5%, respectively. The increase in the effective tax rate for the three months ended September 30, 2019 relative to the prior comparable period was principally due to a higher benefit from the impact of discrete tax items in the prior period. The effective tax rates for the nine months ended September 30, 2019 and 2018 were 21.1% and 19.6%, respectively. The increase in the effective tax rate for the nine months ended September 30, 2019 relative to the prior comparable period is primarily driven by the exclusion of capital losses on the sale of Finder under local tax law partially offset by the impact of changes in tax law and the impact of other discrete tax items. The discrete items for the three months ended September 30, 2019 primarily resulted from the net tax benefit from stock exercises and favorable audit settlements. The discrete items for the three months ended September 30, 2018 were driven by the net tax benefit from stock exercises. The discrete items for the nine months ended September 30, 2019 primarily resulted from the benefit of stock exercises and favorable audit settlements partially offset by the exclusion of capital losses on the sale of Finder under local tax law. The discrete items for the nine months ended September 30, 2018 primarily resulted from the benefit of stock exercises and favorable audit settlements. Dover and its subsidiaries file tax returns in the U.S., including various state and local returns, and in other foreign jurisdictions. We believe adequate provision has been made for all income tax uncertainties. The Company is routinely audited by taxing authorities in its filing jurisdictions, and a number of these audits are currently underway. The Company believes that within the next twelve months uncertain tax positions may be resolved and statutes of limitations will expire, which could result in a decrease in the gross amount of unrecognized tax benefits of approximately zero to $11.5 million.

Equity Incentive Program

Equity Incentive Program	9 Months Ended
	Sep. 30, 2019
Share-based Compensation [Abstract]
Share-based Compensation	14. Equity Incentive Program The Company typically grants equity awards annually at its regularly scheduled first quarter meeting of the Compensation Committee of the Board of Directors. Additionally, in the second quarter of 2018, the Company granted equity awards to its new President and Chief Executive Officer. During the nine months ended September 30, 2019, the Company issued stock-settled appreciation rights ("SARs") covering 615,089 shares, performance share awards of 35,172 and restricted stock units ("RSUs") of 124,929. The Company uses the Black-Scholes option pricing model to determine the fair value of each SAR on the date of grant. Expected volatilities are based on Dover's stock price history, including implied volatilities from traded options on Dover stock. The Company uses historical data to estimate SAR exercise and employee termination patterns within the valuation model. The expected life of SARs granted is derived from the output of the option valuation model and represents the average period of time that SARs granted are expected to be outstanding. The interest rate for periods within the contractual life of the SARs is based on the U.S. Treasury yield curve in effect at the time of grant. The range of assumptions used in determining the fair value of the SARs awarded during the respective periods were as follows: SARs 2019 2018 Risk-free interest rate 2.51 % 2.58 % - 2.87 % Dividend yield 2.13 % 1.99 % - 2.43 % Expected life (years) 5.6 5.6 - 5.7 Volatility 22.35 % 20.95 % - 21.20 % Grant price $91.20 $79.75 - $82.09 Fair value per share at date of grant $17.55 $14.58 - $15.41 The performance share awards granted in 2019 and 2018 are considered performance condition awards as attainment is based on Dover's performance relative to established internal metrics. The fair value of these awards was determined using Dover's closing stock price on the date of grant. The expected attainment of the internal metrics for these awards is analyzed each reporting period, and the related expense is adjusted based on expected attainment, if that attainment differs from previous estimates. The cumulative effect on current and prior periods of a change in attainment is recognized in selling, general and administrative expenses in the Condensed Consolidated Statements of Earnings in the period of change. The fair value and average attainment used in determining stock-based compensation cost for the performance shares issued in 2019 and 2018 were as follows for the nine months ended September 30, 2019: Performance Shares 2019 2018 Fair value per share at date of grant $91.20 $79.75 - $82.09 Average attainment rate reflected in expense 223.04% 293.36% The Company also has granted RSUs, and the fair value of these awards was determined using Dover's closing stock price on the date of grant. Stock-based compensation is reported within selling, general and administrative expenses of continuing operations in the Condensed Consolidated Statements of Earnings. The following table summarizes the Company’s compensation expense relating to all stock-based incentive plans: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Pre-tax stock-based compensation expense (continuing) $ 7,876 $ 5,443 $ 24,493 $ 15,846 Tax benefit (489) (1,207) (2,035) (3,520) Total stock-based compensation expense, net of tax $ 7,387 $ 4,236 $ 22,458 $ 12,326 Stock-based compensation expense attributable to Apergy employees for the three and nine months ended September 30, 2018 was $0 and $744, respectively. These costs are reported within earnings from discontinued operations in the Condensed Consolidated Statement of Earnings.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	15. Commitments and Contingent Liabilities Litigation Certain of the Company’s subsidiaries are involved in legal proceedings relating to the cleanup of waste disposal sites identified under federal and state statutes that provide for the allocation of such costs among "potentially responsible parties." In each instance, the extent of the Company’s liability appears to be very small in relation to the total projected expenditures and the number of other "potentially responsible parties" involved and is anticipated to be immaterial to the Company. In addition, certain of the Company’s subsidiaries are involved in ongoing remedial activities at certain current and former plant sites, in cooperation with regulatory agencies, and appropriate reserves have been established. At September 30, 2019 and December 31, 2018, the Company has reserves totaling $30,926 and $31,797, respectively, for environmental and other matters, including private party claims for exposure to hazardous substances that are probable and estimable. The Company and certain of its subsidiaries are also parties to a number of other legal proceedings incidental to their businesses. These proceedings primarily involve claims by private parties alleging injury arising out of use of the Company’s products, patent infringement, employment matters, and commercial disputes. Management and legal counsel, at least quarterly, review the probable outcome of such proceedings, the costs and expenses reasonably expected to be incurred and currently accrued to-date, and the availability and extent of insurance coverage. The Company has reserves for legal matters that are probable and estimable and not otherwise covered by insurance, and at September 30, 2019 and December 31, 2018, these reserves were not significant. While it is not possible at this time to predict the outcome of these legal actions, in the opinion of management, based on the aforementioned reviews, the Company is not currently involved in any legal proceedings which, individually or in the aggregate, could have a material effect on its financial position, results of operations, or cash flows. Warranty Accruals Estimated warranty program claims are provided for at the time of sale of the Company's products. Amounts provided for are based on historical costs and adjusted for new claims and are included within other accrued expenses and other liabilities in the Condensed Consolidated Balance Sheet. The changes in the carrying amount of product warranties through September 30, 2019 and 2018, were as follows: 2019 2018 Beginning Balance, December 31 of the Prior Year $ 50,073 $ 59,403 Provision for warranties 46,123 46,076 Settlements made (46,406) (50,110) Other adjustments, including acquisitions and currency translation (1,609) (770) Ending Balance, September 30 $ 48,181 $ 54,599

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2019
Defined Benefit Plan [Abstract]
Employee Benefit Plans	16. Employee Benefit Plans Retirement Plans The Company sponsors qualified defined benefit pension plans covering certain employees of the Company and its subsidiaries, although the U.S. qualified and non-qualified defined benefit plans are closed to new entrants. The plans’ benefits are generally based on years of service and employee compensation. The Company also provides to certain management employees, through non-qualified plans, supplemental retirement benefits in excess of qualified plan limits imposed by federal tax law. The tables below set forth the components of the Company’s net periodic (income) expense relating to retirement benefit plans. The service cost component is recognized within selling, general and administrative expenses and cost of goods and services, depending on the functional area of the underlying employees included in the plans, and the non-operating components of pension costs are included within other income, net in the Condensed Consolidated Statements of Earnings. The amounts recorded to discontinued operations represent the net periodic benefit expense for several non-U.S. qualified and U.S. non-qualified plans that were transferred to Apergy at the spin-off date of May 9, 2018. Qualified Defined Benefits Three Months Ended September 30, Nine Months Ended September 30, U.S. Plan Non-U.S. Plans U.S. Plan Non-U.S. Plans 2019 2018 2019 2018 2019 2018 2019 2018 Service cost $ 1,754 $ 1,861 $ 1,429 $ 1,054 $ 5,262 $ 7,148 $ 4,265 $ 4,165 Interest cost 4,756 5,236 1,193 1,098 14,269 15,491 3,641 3,819 Expected return on plan assets (8,534) (9,518) (1,538) (1,710) (25,602) (29,474) (4,664) (5,838) Amortization: Prior service cost (credit) 76 69 (102) (112) 227 495 (298) (338) Recognized actuarial loss — 150 763 673 — 2,951 2,288 2,258 Transition obligation — — — — — — — 2 Net periodic (income) expense $ (1,948) $ (2,202) $ 1,745 $ 1,003 $ (5,844) $ (3,389) $ 5,232 $ 4,068 Less: Discontinued operations — — — — — 950 — 247 Net periodic (income) expense - Continuing operations $ (1,948) $ (2,202) $ 1,745 $ 1,003 $ (5,844) $ (4,339) $ 5,232 $ 3,821 Non-Qualified Supplemental Benefits Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Service cost $ 486 $ 635 $ 1,457 $ 1,990 Interest cost 668 751 2,003 2,452 Amortization: Prior service cost 703 931 2,109 3,245 Recognized actuarial gain (570) (298) (1,710) (834) Net periodic expense $ 1,287 $ 2,019 $ 3,859 $ 6,853 Less: Discontinued operations — — — 351 Net periodic expense - Continuing operations $ 1,287 $ 2,019 $ 3,859 $ 6,502 Post-Retirement Benefit Plans The Company also maintains post-retirement benefit plans, although these plans are closed to new entrants. The supplemental and post-retirement benefit plans are supported by the general assets of the Company. The following table sets forth the components of the Company’s net periodic expense relating to its post-retirement benefit plans: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Service cost $ 5 $ 8 $ 15 $ 23 Interest cost 78 73 234 218 Amortization: Prior service cost 3 3 10 10 Recognized actuarial gain (17) (8) (52) (23) Net periodic expense $ 69 $ 76 $ 207 $ 228 The total amount amortized out of accumulated other comprehensive earnings into net periodic pension and post-retirement expense totaled $856 and $1,407 for the three months ended September 30, 2019 and 2018, respectively, and $2,574 and $7,765 for the nine months ended September 30, 2019 and 2018, respectively. Defined Contribution Retirement Plans

Other Comprehensive Earnings

Other Comprehensive Earnings	9 Months Ended
	Sep. 30, 2019
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Earnings	17. Other Comprehensive Earnings The amounts recognized in other comprehensive (loss) earnings were as follows: Three Months Ended Three Months Ended September 30, 2019 September 30, 2018 Pre-tax Tax Net of tax Pre-tax Tax Net of tax Foreign currency translation adjustments $ (42,931) $ (7,934) $ (50,865) $ (14,860) $ 1,293 $ (13,567) Pension and other post-retirement benefit plans 856 (190) 666 1,407 (301) 1,106 Changes in fair value of cash flow hedges 1,419 (297) 1,122 (1,374) 289 (1,085) Total other comprehensive (loss) earnings $ (40,656) $ (8,421) $ (49,077) $ (14,827) $ 1,281 $ (13,546) Nine Months Ended Nine Months Ended September 30, 2019 September 30, 2018 Pre-tax Tax Net of tax Pre-tax Tax Net of tax Foreign currency translation adjustments $ (8,112) $ (7,692) $ (15,804) $ (24,794) $ (1,624) $ (26,418) Pension and other post-retirement benefit plans 2,574 (572) 2,002 7,765 (1,657) 6,108 Changes in fair value of cash flow hedges (368) 76 (292) 2,116 (444) 1,672 Total other comprehensive earnings (loss) $ (5,906) $ (8,188) $ (14,094) $ (14,913) $ (3,725) $ (18,638) Total comprehensive earnings were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Net earnings $ 206,006 $ 157,305 $ 509,796 $ 428,698 Other comprehensive loss (49,077) (13,546) (14,094) (18,638) Comprehensive earnings $ 156,929 $ 143,759 $ 495,702 $ 410,060 Amounts reclassified from accumulated other comprehensive loss to earnings during the three and nine months ended September 30, 2019 and 2018 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Foreign currency translation: Reclassification of foreign currency translation losses to earnings for assets held for sale $ — $ — $ 25,339 $ — Tax benefit — — — — Net of tax $ — $ — $ 25,339 $ — Pension and other postretirement benefit plans: Amortization of actuarial losses $ 176 $ 517 $ 526 $ 4,354 Amortization of prior service costs 680 890 2,048 3,411 Total before tax 856 1,407 2,574 7,765 Tax benefit (190) (301) (572) (1,657) Net of tax $ 666 $ 1,106 $ 2,002 $ 6,108 Cash flow hedges: Net losses (gains) reclassified into earnings $ 730 $ 460 $ (85) $ (439) Tax (benefit) provision (153) (96) 16 92 Net of tax $ 577 $ 364 $ (69) $ (347) The reclassification of foreign currency translation losses to earnings relates to the sale of Finder. See Note 5 — Disposed and Discontinued Operations for further details. The Company recognizes the amortization of net actuarial gains and losses and prior service costs in other income, net within the Condensed Consolidated Statements of Earnings.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Information	18. Segment Information The Company categorizes its operating companies into three distinct reportable segments. Segment financial information and a reconciliation of segment results to consolidated results is as follows: • Engineered Systems segment is comprised of two platforms, Printing & Identification and Industrials, and is focused on the design, manufacture and service of critical equipment and components serving the fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions and industrial end markets. • Fluids segment, serving the Fueling & Transport, Pumps and Process Solutions end markets, is focused on the safe handling of critical fluids, and providing critical components to the retail fueling, chemical, hygienic, oil and gas, power generation and industrial markets. • Refrigeration & Food Equipment segment is a provider of innovative and energy efficient equipment and systems serving the commercial refrigeration and food equipment end markets. Segment financial information and a reconciliation of segment results to consolidated results was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Revenue: Engineered Systems $ 701,791 $ 671,534 $ 2,085,483 $ 2,046,149 Fluids 753,046 690,065 2,185,703 2,011,829 Refrigeration & Food Equipment 370,335 386,214 1,090,452 1,126,215 Intra-segment eliminations 173 (410) (830) (1,025) Total consolidated revenue $ 1,825,345 $ 1,747,403 $ 5,360,808 $ 5,183,168 Earnings from continuing operations: Segment earnings: (1) Engineered Systems $ 136,022 $ 108,714 $ 390,866 $ 337,429 Fluids (2) 145,502 101,207 326,638 261,583 Refrigeration & Food Equipment 35,211 42,434 104,393 122,988 Total segment earnings 316,735 252,355 821,897 722,000 Corporate expense / other (3) 28,658 30,207 84,036 91,020 Interest expense 31,410 31,192 94,972 98,957 Interest income (1,263) (2,060) (3,098) (6,680) Earnings before provision for income taxes and discontinued operations 257,930 193,016 645,987 538,703 Provision for income taxes 51,924 35,711 136,191 105,533 Earnings from continuing operations $ 206,006 $ 157,305 $ 509,796 $ 433,170 (1) Segment earnings includes non-operating income and expense directly attributable to the segments. (2) The nine months ended September 30, 2019 includes a $46,946 loss on assets held for sale for Finder. Excluding this loss, Fluids segment earnings was $373,584. (3) Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services overhead costs and various administrative expenses relating to the corporate headquarters. Effective October 1, 2019, the Company changed its reportable segments from three to five, as discussed in Note 22 — Subsequent Events.

Share Repurchases

Share Repurchases	9 Months Ended
	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Share repurchases	19. Share Repurchases The Company's prior January 2015 share repurchase authorization expired on January 9, 2018. From January 1 to January 9, 2018, the Company repurchased 440,608 shares of common stock at a total cost of $44,977, or $102.08 per share. There were 5,271,168 shares available for repurchase under this authorization upon expiration. In February 2018, the Company's Board of Directors approved a new standing share repurchase authorization, whereby the Company may repurchase up to 20 million shares of its common stock through December 31, 2020. This share repurchase authorization replaced the January 2015 share repurchase authorization. On May 22, 2018, the Company entered into a $700,000 accelerated share repurchase agreement (the “ASR Agreement”) with Goldman Sachs & Co. LLC (“Goldman Sachs”) to repurchase its shares in an accelerated share repurchase program (the “ASR Program”). The Company conducted the ASR Program under the February 2018 share repurchase authorization. The Company funded the ASR Program with funds received from Apergy in connection with the consummation of the Apergy spin-off. Under the terms of the ASR Agreement, the Company paid Goldman Sachs $700,000 on May 24, 2018 and on that date received initial deliveries of 7,078,751 shares, representing a substantial majority of the shares expected to be retired over the course of the ASR Agreement. In December 2018, Goldman Sachs delivered a total of 1,463,815 shares which completed the ASR Program. During 2018, the Company received a total of 8,542,566 shares as part of the ASR Agreement. The total number of shares ultimately repurchased under the ASR Agreement was based on the volume-weighted average share price of Dover’s common stock during the calculation period of the ASR Program, less a discount, which was $81.94 over the term of the ASR Program. During the three and nine months ended September 30, 2019 and 2018, under the February 2018 authorization, exclusive of the ASR agreement, the Company repurchased 261,807 and 1,729,048 shares of common stock at a total cost of $23,280 and$147,793, or $88.92 and $85.48 per share, respectively. As of September 30, 2019, 9,441,859 shares remain authorized for repurchase under the February 2018 share repurchase authorization.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	20. Earnings per Share The following table sets forth a reconciliation of the information used in computing basic and diluted earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Earnings from continuing operations $ 206,006 $ 157,305 $ 509,796 $ 433,170 Loss from discontinued operations, net — — — (4,472) Net earnings $ 206,006 $ 157,305 $ 509,796 $ 428,698 Basic earnings (loss) per common share: Earnings from continuing operations $ 1.42 $ 1.07 $ 3.51 $ 2.87 Loss from discontinued operations, net $ — $ — $ — $ (0.03) Net earnings $ 1.42 $ 1.07 $ 3.51 $ 2.84 Weighted average shares outstanding 145,372,000 147,344,000 145,276,000 151,177,000 Diluted earnings (loss) per common share: Earnings from continuing operations $ 1.40 $ 1.05 $ 3.47 $ 2.82 Loss from discontinued operations, net $ — $ — $ — $ (0.03) Net earnings $ 1.40 $ 1.05 $ 3.47 $ 2.79 Weighted average shares outstanding 147,051,000 149,457,000 147,053,000 153,429,000 The following table is a reconciliation of the share amounts used in computing earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Weighted average shares outstanding - Basic 145,372,000 147,344,000 145,276,000 151,177,000 Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs 1,679,000 2,113,000 1,777,000 2,252,000 Weighted average shares outstanding - Diluted 147,051,000 149,457,000 147,053,000 153,429,000 Diluted earnings per share amounts are computed using the weighted average number of common shares outstanding and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of SARs and vesting of performance shares and RSUs, as determined using the treasury stock method. The weighted average number of anti-dilutive potential common shares excluded from the calculation above were approximately 28,000 and 10,000 for the three months ended September 30, 2019 and 2018, respectively, and 9,000 and 1,000 for the nine months ended September 30, 2019 and 2018, respectively.

Recent Accounting Standards

Recent Accounting Standards	9 Months Ended
	Sep. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Standards	21. Recent Accounting Pronouncements Recently Issued Accounting Standards The following standards, issued by the Financial Accounting Standards Board ("FASB"), will, or are expected to, result in a change in practice and/or have a financial impact to the Company’s Consolidated Financial Statements: In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which amends the impairment model by requiring entities to use a forward-looking approach based on expected losses rather than incurred losses to estimate credit losses on certain types of financial instruments, including trade receivables. This may result in the earlier recognition of allowances for losses. The guidance is effective for interim and annual periods for the Company on January 1, 2020. Management is in the process of its assessment of the impact of the new standard on the Company’s Consolidated Financial Statements. Currently, the Company believes that the most notable impact of this ASU may relate to its processes around the assessment of the adequacy of its allowance for doubtful accounts on trade accounts receivable and the recognition of credit losses. Management does not expect this update to have a material impact to the Company's Consolidated Financial Statements. Recently Adopted Accounting Standards In July 2019, the FASB issued ASU 2019-07, Codification Updates to SEC Sections. This ASU amends various SEC paragraphs pursuant to the issuance of SEC Final Rule Releases No. 33-10532, Disclosure Update and Simplification, and Nos. 33-10231 and 33-10442, Investment Company Reporting Modernization. One of the changes in the ASU requires a presentation of changes in stockholders’ equity in the form of a reconciliation, either as a separate financial statement or in the notes to the financial statements, for the current and comparative year-to-date interim periods. The Company presented changes in stockholders' equity as separate financial statements for the current and comparative year-to-date interim periods beginning on January 1, 2019. The additional elements of the ASU did not have a material impact on the Company's Consolidated Financial Statements. This guidance was effective immediately upon issuance. In August 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendments in this update. The Company early adopted this guidance prospectively beginning on January 1, 2019. The adoption of this ASU did not have a material impact on the Company's Consolidated Financial Statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. This ASU provides new guidance about income statement classification and eliminates the requirement to separately measure and report hedge ineffectiveness. The entire change in fair value for qualifying hedge instruments included in the effectiveness will be recorded in Other Comprehensive Income ("OCI") and amounts deferred in OCI will be reclassified to earnings in the same income statement line item in which the earnings effect of the hedged item is reported. The Company adopted this guidance on January 1, 2019. The adoption of this ASU did not have a material impact on the Company's Consolidated Financial Statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which amends existing guidance to require lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by long-term leases and to disclose additional quantitative and qualitative information about leasing arrangements. This ASU also provides clarifications surrounding the presentation of the effects of leases in the income statement and statement of cash flows. The Company adopted this guidance on January 1, 2019. The Company commenced its assessment of ASU 2016-02 in the second half of 2017 and developed a project plan to guide the implementation. The Company completed this project plan, in which it analyzed the ASU's impact on its leases, surveyed the Company's businesses, assessed the portfolio of leases, compiled a central repository of active leases, and established a future lease process to keep the lease accounting portfolio up to date. The Company evaluated the key policy elections and considerations under the standard and completed the internal policy documentation and training to address the new standard requirements. The Company also implemented a new lease accounting software solution to support the new reporting requirements. The Company adopted this new guidance using the updated modified transition method allowed per ASU 2018-11. Upon adoption on January 1, 2019, total assets and liabilities increased due to the recording of right-of-use assets and lease liabilities amounting to approximately $163 million. See Note 8 — Leases for further details.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events [Text Block]	22. Subsequent Events Effective October 1, 2019, the Company transitioned from a three-segment to a five-segment structure as a result of a change to its internal organization. This new structure will increase management efficiency and better align the Company’s operations with its strategic initiatives and capital allocation priorities across its businesses. The five reportable segments are as follows: • Engineered Products • Fueling Solutions • Imaging & Identification • Pumps & Process Solutions • Refrigeration & Food Equipment Beginning with the year ending December 31, 2019, the Company's segment results and disclosures will reflect the new segment structure for all periods presented. On October 4, 2019, the Company entered into a new $1 billion five-year unsecured revolving credit facility with a syndicate of banks on substantially similar terms as the existing Credit Agreement. The new credit facility replaced the existing $1 billion five-year Credit Agreement, which was terminated by the Company upon execution of the new credit facility. The new credit facility will expire on October 4, 2024.

Spin-off of Apergy Corporation

Spin-off of Apergy Corporation (Tables)	9 Months Ended
	Sep. 30, 2019
Spin-off of Apergy Corporation [Abstract]
Spin-Off of Apergy Corporation [Table Text Block]	The following is a summary of the assets and liabilities transferred to Apergy as part of the separation on May 9, 2018: Assets: Cash and cash equivalents $ 10,357 Current assets 462,620 Non-current assets 1,438,760 $ 1,911,737 Liabilities: Current liabilities $ 185,354 Non-current liabilities 119,568 $ 304,922 Net assets distributed to Apergy Corporation $ 1,606,815 Less: Cash received from Apergy Corporation 700,000 Net distribution to Apergy Corporation $ 906,815

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table presents revenue disaggregated by end market and segment: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Printing & Identification $ 287,157 $ 283,232 $ 848,056 $ 865,588 Industrials 414,634 388,302 1,237,427 1,180,561 Total Engineered Systems segment 701,791 671,534 2,085,483 2,046,149 Fueling & Transport 411,769 367,617 1,175,405 1,050,276 Pumps (1) 169,678 167,542 523,730 503,157 Process Solutions 171,599 154,906 486,568 458,396 Total Fluids segment 753,046 690,065 2,185,703 2,011,829 Refrigeration 313,908 328,281 905,084 937,168 Food Equipment 56,427 57,933 185,368 189,047 Total Refrigeration & Food Equipment segment 370,335 386,214 1,090,452 1,126,215 Intra-segment eliminations 173 (410) (830) (1,025) Total Consolidated Revenue $ 1,825,345 $ 1,747,403 $ 5,360,808 $ 5,183,168 (1) Finder Pompe S.r.l was sold on April 2, 2019.
Revenue from External Customers by Geographic Areas [Table Text Block]	The following table presents revenue disaggregated by geography based on the location of the Company's customer: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 United States $ 1,002,349 $ 922,261 $ 2,883,147 $ 2,707,470 Europe 376,601 369,479 1,184,520 1,158,891 Asia 229,210 219,645 623,838 633,280 Other Americas 150,257 166,182 466,591 467,523 Other 66,928 69,836 202,712 216,004 Total $ 1,825,345 $ 1,747,403 $ 5,360,808 $ 5,183,168
Contract with Customer, Asset and Liability [Table Text Block]	The following table provides information about contract assets and contract liabilities from contracts with customers: September 30, 2019 December 31, 2018 At Adoption Contract assets $ 13,924 $ 9,330 $ 11,932 Contract liabilities - current 39,656 36,461 48,268 Contract liabilities - non-current 9,121 9,382 9,916 The revenue recognized during the nine months ended September 30, 2019 and 2018 that was included in contract liabilities at the beginning of the period amounted to $25,977 and $37,579, respectively.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following presents the preliminary allocation of purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at acquisition date: Total Current assets, net of cash acquired $ 14,353 Property, plant and equipment 1,030 Goodwill 119,363 Intangible assets 91,980 Other assets and deferred charges 20 Current liabilities (10,348) Net assets acquired $ 216,398
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	The amounts assigned to goodwill and major intangible asset classifications were as follows: Amount allocated Useful life (in years) Goodwill $ 119,363 na Customer intangibles 68,500 9 - 13 Patents 16,000 9 Trademarks 7,480 15 $ 211,343
Pro forma results of operations	The following unaudited pro forma information illustrates the impact of 2019 and 2018 acquisitions on the Company’s revenue and earnings from operations for the three and nine months ended September 30, 2019 and 2018, respectively. The unaudited pro forma information assumes that the 2019 and 2018 acquisitions had taken place at the beginning of the prior year, 2018 and 2017, respectively. Unaudited pro forma earnings are adjusted to reflect the comparable impact of additional depreciation and amortization expense, net of tax, resulting from the fair value measurement of intangible and tangible assets relating to the year of acquisition. The unaudited pro forma effects for the three and nine months ended September 30, 2019 and 2018 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Revenue: As reported $ 1,825,345 $ 1,747,403 $ 5,360,808 $ 5,183,168 Pro forma 1,825,510 1,764,397 5,369,686 5,233,912 Earnings from continuing operations: As reported $ 206,006 $ 157,305 $ 509,796 $ 433,170 Pro forma 206,091 159,122 512,679 440,603 Basic earnings per share from continuing operations: As reported $ 1.42 $ 1.07 $ 3.51 $ 2.87 Pro forma 1.42 1.08 3.53 2.91 Diluted earnings per share from continuing operations: As reported $ 1.40 $ 1.05 $ 3.47 $ 2.82 Pro forma 1.40 1.06 3.49 2.87

Disposed and Discontinued Ope_2

Disposed and Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Results of discontinued operations [Table Text Block]	Summarized results of the Company's discontinued operations were as follows: Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Revenue $ — $ 403,688 Cost of goods and services — 254,205 Gross profit — 149,483 Selling, general and administrative expenses — 144,114 Operating earnings — 5,369 Other expense, net — 349 Earnings from discontinued operations before taxes — 5,020 Provision for income taxes — 9,492 Loss from discontinued operations, net of tax $ — $ (4,472)

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory, Net [Abstract]
Components of Inventory	September 30, 2019 December 31, 2018 Raw materials $ 470,088 $ 439,616 Work in progress 169,639 154,878 Finished goods 289,779 265,722 Subtotal 929,506 860,216 Less reserves (112,943) (111,420) Total $ 816,563 $ 748,796

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Components of property, plant and equipment, net	September 30, 2019 December 31, 2018 Land $ 48,935 $ 53,623 Buildings and improvements 512,985 529,982 Machinery, equipment and other 1,635,444 1,555,345 Property, plant and equipment, gross 2,197,364 2,138,950 Accumulated depreciation (1,376,782) (1,332,453) Property, plant and equipment, net $ 820,582 $ 806,497

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of lease costs were as follows: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating Lease Costs: Fixed $ 13,557 $ 38,520 Variable 1,634 5,274 Short-term 3,998 13,736 Total* $ 19,189 $ 57,530 * Finance lease cost and sublease income were immaterial.
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Supplemental cash flow information were as follows: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 13,836 $ 39,237 Operating cash flows from finance leases 107 326 Financing cash flows from finance leases 490 1,430 Total $ 14,433 $ 40,993 Right-of-use assets obtained in exchange for new lease obligations: Operating leases 9,632 28,566 Finance leases 460 827 Total $ 10,092 $ 29,393
Lease Supp Balance Sheet disclosures [Table Text Block]	Supplemental balance sheet information related to leases were as follows: September 30, 2019 Operating Leases: Right of use assets: Other assets and deferred charges $ 151,655 Lease liabilities: Other accrued expenses $ 41,719 Other liabilities 117,595 Total operating lease liabilities $ 159,314 Finance Leases: Right of use assets: Property, plant and equipment, net (1) $ 8,678 Lease liabilities: Other accrued expenses $ 1,601 Other liabilities 7,939 Total financing lease liabilities $ 9,540
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	The aggregate future lease payments for operating and finance leases as of September 30, 2019 were as follows: Operating Finance 2019 (excluding the nine months ending September 30, 2019) $ 12,410 $ 523 2020 43,000 2,069 2021 33,983 1,962 2022 24,536 1,651 2023 16,018 1,219 Thereafter 46,931 3,925 Total lease payments 176,878 11,349 Less: Interest (17,564) (1,809) Present value of lease liabilities $ 159,314 $ 9,540
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	The aggregate future lease payments for operating and capital leases as of December 31, 2018 were as follows: Operating Capital 2019 $ 49,009 $ 1,802 2020 38,620 1,748 2021 29,396 1,687 2022 21,767 1,392 2023 13,994 952 Thereafter 42,087 3,802 Total $ 194,873 $ 11,383
Lease Assumptions [Table Text Block]	Average lease terms and discount rates were as follows: September 30, 2019 Weighted-average remaining lease term (years) Operating leases 5.8 Finance leases 6.2 Weighted-average discount rate Operating leases 3.3% Finance leases 4.2%

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill [Line Items]
Goodwill	The changes in the carrying value of goodwill by reportable operating segments were as follows: Engineered Systems Fluids Refrigeration & Food Equipment Total Balance at December 31, 2018 $ 1,623,660 $ 1,507,602 $ 546,066 $ 3,677,328 Acquisitions — 119,363 — 119,363 Disposition of business — (4,739) — (4,739) Foreign currency translation (18,082) (12,855) (587) (31,524) Balance at September 30, 2019 $ 1,605,578 $ 1,609,371 $ 545,479 $ 3,760,428
Schedule of Intangible Assets	The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows: September 30, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets: Customer intangibles $ 1,401,618 $ 687,947 $ 713,671 $ 1,395,742 $ 645,305 $ 750,437 Trademarks 216,706 81,503 135,203 214,774 72,305 142,469 Patents 159,291 132,294 26,997 144,302 128,254 16,048 Unpatented technologies 153,528 95,583 57,945 155,380 85,560 69,820 Distributor relationships 81,215 42,137 39,078 82,970 37,943 45,027 Drawings & manuals 27,201 21,586 5,615 31,849 23,273 8,576 Other 21,740 16,739 5,001 21,046 15,835 5,211 Total 2,061,299 1,077,789 983,510 2,046,063 1,008,475 1,037,588 Unamortized intangible assets: Trademarks 96,620 — 96,620 96,668 — 96,668 Total intangible assets, net $ 2,157,919 $ 1,077,789 $ 1,080,130 $ 2,142,731 $ 1,008,475 $ 1,134,256

Restructuring Activities (Table

Restructuring Activities (Tables)	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs	The Company's restructuring charges by segment were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Engineered Systems $ 852 $ 10,637 $ 3,730 $ 13,872 Fluids 1,732 10,473 5,128 16,021 Refrigeration & Food Equipment 495 452 2,134 598 Corporate 257 2,639 1,018 5,932 Total $ 3,336 $ 24,201 $ 12,010 $ 36,423 These amounts are classified in the Condensed Consolidated Statements of Earnings as follows: Cost of goods and services $ 2,073 $ 3,586 $ 4,435 $ 7,985 Selling, general and administrative expenses 1,263 20,615 7,575 28,438 Total $ 3,336 $ 24,201 $ 12,010 $ 36,423
Schedule of Restructuring Reserve by Type of Cost	The Company’s severance and exit accrual activities were as follows: Severance Exit Total Balance at December 31, 2018 $ 24,284 $ 3,880 $ 28,164 Restructuring charges 8,695 3,315 12,010 Payments (23,583) (2,336) (25,919) Other, including foreign currency translation (644) (2,567) (1) (3,211) Balance at September 30, 2019 $ 8,752 $ 2,292 $ 11,044 (1) Other activity in exit reserves primarily represents the non-cash write-off of certain long-lived assets and inventory in connection with certain facility closures and product exits.

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Short-term Debt	Borrowings consisted of the following: September 30, 2019 December 31, 2018 Short-term Commercial paper $ 182,700 $ 220,318 Notes payable $ 182,700 $ 220,318
Schedule of Long-term Debt Instruments	Carrying amount (1) Principal September 30, 2019 December 31, 2018 Long-term 2.125% 7-year notes due December 1, 2020 (euro-denominated) € 300,000 $ 327,726 $ 339,657 4.30% 10-year notes due March 1, 2021 $ 450,000 449,477 449,200 3.150% 10-year notes due November 15, 2025 $ 400,000 395,874 395,368 1.25% 10-year notes due November 9, 2026 (euro-denominated) € 600,000 648,551 672,103 6.65% 30-year debentures due June 1, 2028 $ 200,000 199,130 199,054 5.375% 30-year debentures due October 15, 2035 $ 300,000 295,998 295,811 6.60% 30-year notes due March 15, 2038 $ 250,000 247,911 247,827 5.375% 30-year notes due March 1, 2041 $ 350,000 344,062 343,877 Other — 763 Total long-term debt $ 2,908,729 $ 2,943,660 (1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $14.5 million and $15.8 million as of September 30, 2019 and December 31, 2018, respectively. Total deferred debt issuance costs were $11.6 million and $13.0 million as of September 30, 2019 and December 31, 2018, respectively.

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivative instruments and the balance sheet lines in which they are recorded	The following table sets forth the fair values of derivative instruments held by the Company as of September 30, 2019 and December 31, 2018 and the balance sheet lines in which they are recorded: Fair Value Asset (Liability) September 30, 2019 December 31, 2018 Balance Sheet Caption Foreign currency forward $ 2,052 $ 1,874 Prepaid / Other current assets Foreign currency forward (1,454) (1,165) Other accrued expenses
Schedule of net investment hedges in accumulated other comprehensive income (loss)	Amounts recognized in other comprehensive earnings for the gains (losses) on net investment hedges were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Gain (loss) on euro-denominated debt $ 37,783 $ (6,155) $ 36,630 $ 7,734 Tax (expense) benefit (7,934) 1,293 (7,692) (1,624) Net gain (loss) on net investment hedges, net of tax $ 29,849 $ (4,862) $ 28,938 $ 6,110
Assets and liabilities measured at fair value on a recurring basis	The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018: September 30, 2019 December 31, 2018 Level 2 Level 2 Assets: Foreign currency cash flow hedges $ 2,052 $ 1,874 Liabilities: Foreign currency cash flow hedges 1,454 1,165

Equity Incentive Program (Table

Equity Incentive Program (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based incentive plans compensation expense	Stock-based compensation is reported within selling, general and administrative expenses of continuing operations in the Condensed Consolidated Statements of Earnings. The following table summarizes the Company’s compensation expense relating to all stock-based incentive plans: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Pre-tax stock-based compensation expense (continuing) $ 7,876 $ 5,443 $ 24,493 $ 15,846 Tax benefit (489) (1,207) (2,035) (3,520) Total stock-based compensation expense, net of tax $ 7,387 $ 4,236 $ 22,458 $ 12,326 Stock-based compensation expense attributable to Apergy employees for the three and nine months ended September 30, 2018 was $0 and $744, respectively. These costs are reported within earnings from discontinued operations in the Condensed Consolidated Statement of Earnings.
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Valuation assumptions	The range of assumptions used in determining the fair value of the SARs awarded during the respective periods were as follows: SARs 2019 2018 Risk-free interest rate 2.51 % 2.58 % - 2.87 % Dividend yield 2.13 % 1.99 % - 2.43 % Expected life (years) 5.6 5.6 - 5.7 Volatility 22.35 % 20.95 % - 21.20 % Grant price $91.20 $79.75 - $82.09 Fair value per share at date of grant $17.55 $14.58 - $15.41
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Valuation assumptions	The fair value and average attainment used in determining stock-based compensation cost for the performance shares issued in 2019 and 2018 were as follows for the nine months ended September 30, 2019: Performance Shares 2019 2018 Fair value per share at date of grant $91.20 $79.75 - $82.09 Average attainment rate reflected in expense 223.04% 293.36%

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Product Warranty Liability	Estimated warranty program claims are provided for at the time of sale of the Company's products. Amounts provided for are based on historical costs and adjusted for new claims and are included within other accrued expenses and other liabilities in the Condensed Consolidated Balance Sheet. The changes in the carrying amount of product warranties through September 30, 2019 and 2018, were as follows: 2019 2018 Beginning Balance, December 31 of the Prior Year $ 50,073 $ 59,403 Provision for warranties 46,123 46,076 Settlements made (46,406) (50,110) Other adjustments, including acquisitions and currency translation (1,609) (770) Ending Balance, September 30 $ 48,181 $ 54,599

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2019
Defined benefit pension plans
Defined Benefit Plan Disclosure [Line Items]
Schedule of Defined Benefit Plans Disclosures	The tables below set forth the components of the Company’s net periodic (income) expense relating to retirement benefit plans. The service cost component is recognized within selling, general and administrative expenses and cost of goods and services, depending on the functional area of the underlying employees included in the plans, and the non-operating components of pension costs are included within other income, net in the Condensed Consolidated Statements of Earnings. The amounts recorded to discontinued operations represent the net periodic benefit expense for several non-U.S. qualified and U.S. non-qualified plans that were transferred to Apergy at the spin-off date of May 9, 2018. Qualified Defined Benefits Three Months Ended September 30, Nine Months Ended September 30, U.S. Plan Non-U.S. Plans U.S. Plan Non-U.S. Plans 2019 2018 2019 2018 2019 2018 2019 2018 Service cost $ 1,754 $ 1,861 $ 1,429 $ 1,054 $ 5,262 $ 7,148 $ 4,265 $ 4,165 Interest cost 4,756 5,236 1,193 1,098 14,269 15,491 3,641 3,819 Expected return on plan assets (8,534) (9,518) (1,538) (1,710) (25,602) (29,474) (4,664) (5,838) Amortization: Prior service cost (credit) 76 69 (102) (112) 227 495 (298) (338) Recognized actuarial loss — 150 763 673 — 2,951 2,288 2,258 Transition obligation — — — — — — — 2 Net periodic (income) expense $ (1,948) $ (2,202) $ 1,745 $ 1,003 $ (5,844) $ (3,389) $ 5,232 $ 4,068 Less: Discontinued operations — — — — — 950 — 247 Net periodic (income) expense - Continuing operations $ (1,948) $ (2,202) $ 1,745 $ 1,003 $ (5,844) $ (4,339) $ 5,232 $ 3,821
Supplemental Employee Retirement Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Schedule of Defined Benefit Plans Disclosures	Non-Qualified Supplemental Benefits Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Service cost $ 486 $ 635 $ 1,457 $ 1,990 Interest cost 668 751 2,003 2,452 Amortization: Prior service cost 703 931 2,109 3,245 Recognized actuarial gain (570) (298) (1,710) (834) Net periodic expense $ 1,287 $ 2,019 $ 3,859 $ 6,853 Less: Discontinued operations — — — 351 Net periodic expense - Continuing operations $ 1,287 $ 2,019 $ 3,859 $ 6,502
Post-Retirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Schedule of Defined Benefit Plans Disclosures	Post-Retirement Benefit Plans The Company also maintains post-retirement benefit plans, although these plans are closed to new entrants. The supplemental and post-retirement benefit plans are supported by the general assets of the Company. The following table sets forth the components of the Company’s net periodic expense relating to its post-retirement benefit plans: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Service cost $ 5 $ 8 $ 15 $ 23 Interest cost 78 73 234 218 Amortization: Prior service cost 3 3 10 10 Recognized actuarial gain (17) (8) (52) (23) Net periodic expense $ 69 $ 76 $ 207 $ 228

Other Comprehensive Earnings (T

Other Comprehensive Earnings (Tables)	9 Months Ended
	Sep. 30, 2019
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Components of other comprehensive income	The amounts recognized in other comprehensive (loss) earnings were as follows: Three Months Ended Three Months Ended September 30, 2019 September 30, 2018 Pre-tax Tax Net of tax Pre-tax Tax Net of tax Foreign currency translation adjustments $ (42,931) $ (7,934) $ (50,865) $ (14,860) $ 1,293 $ (13,567) Pension and other post-retirement benefit plans 856 (190) 666 1,407 (301) 1,106 Changes in fair value of cash flow hedges 1,419 (297) 1,122 (1,374) 289 (1,085) Total other comprehensive (loss) earnings $ (40,656) $ (8,421) $ (49,077) $ (14,827) $ 1,281 $ (13,546) Nine Months Ended Nine Months Ended September 30, 2019 September 30, 2018 Pre-tax Tax Net of tax Pre-tax Tax Net of tax Foreign currency translation adjustments $ (8,112) $ (7,692) $ (15,804) $ (24,794) $ (1,624) $ (26,418) Pension and other post-retirement benefit plans 2,574 (572) 2,002 7,765 (1,657) 6,108 Changes in fair value of cash flow hedges (368) 76 (292) 2,116 (444) 1,672 Total other comprehensive earnings (loss) $ (5,906) $ (8,188) $ (14,094) $ (14,913) $ (3,725) $ (18,638)
Schedule of comprehensive income (loss)	Total comprehensive earnings were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Net earnings $ 206,006 $ 157,305 $ 509,796 $ 428,698 Other comprehensive loss (49,077) (13,546) (14,094) (18,638) Comprehensive earnings $ 156,929 $ 143,759 $ 495,702 $ 410,060
Schedule of amounts reclassified from accumulated other comprehensive income (loss) to earnings	Amounts reclassified from accumulated other comprehensive loss to earnings during the three and nine months ended September 30, 2019 and 2018 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Foreign currency translation: Reclassification of foreign currency translation losses to earnings for assets held for sale $ — $ — $ 25,339 $ — Tax benefit — — — — Net of tax $ — $ — $ 25,339 $ — Pension and other postretirement benefit plans: Amortization of actuarial losses $ 176 $ 517 $ 526 $ 4,354 Amortization of prior service costs 680 890 2,048 3,411 Total before tax 856 1,407 2,574 7,765 Tax benefit (190) (301) (572) (1,657) Net of tax $ 666 $ 1,106 $ 2,002 $ 6,108 Cash flow hedges: Net losses (gains) reclassified into earnings $ 730 $ 460 $ (85) $ (439) Tax (benefit) provision (153) (96) 16 92 Net of tax $ 577 $ 364 $ (69) $ (347)

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Revenue and earnings from continuing operations by market segment	Segment financial information and a reconciliation of segment results to consolidated results was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Revenue: Engineered Systems $ 701,791 $ 671,534 $ 2,085,483 $ 2,046,149 Fluids 753,046 690,065 2,185,703 2,011,829 Refrigeration & Food Equipment 370,335 386,214 1,090,452 1,126,215 Intra-segment eliminations 173 (410) (830) (1,025) Total consolidated revenue $ 1,825,345 $ 1,747,403 $ 5,360,808 $ 5,183,168 Earnings from continuing operations: Segment earnings: (1) Engineered Systems $ 136,022 $ 108,714 $ 390,866 $ 337,429 Fluids (2) 145,502 101,207 326,638 261,583 Refrigeration & Food Equipment 35,211 42,434 104,393 122,988 Total segment earnings 316,735 252,355 821,897 722,000 Corporate expense / other (3) 28,658 30,207 84,036 91,020 Interest expense 31,410 31,192 94,972 98,957 Interest income (1,263) (2,060) (3,098) (6,680) Earnings before provision for income taxes and discontinued operations 257,930 193,016 645,987 538,703 Provision for income taxes 51,924 35,711 136,191 105,533 Earnings from continuing operations $ 206,006 $ 157,305 $ 509,796 $ 433,170 (1) Segment earnings includes non-operating income and expense directly attributable to the segments. (2) The nine months ended September 30, 2019 includes a $46,946 loss on assets held for sale for Finder. Excluding this loss, Fluids segment earnings was $373,584. (3) Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services overhead costs and various administrative expenses relating to the corporate headquarters. Effective October 1, 2019, the Company changed its reportable segments from three to five, as discussed in Note 22 — Subsequent Events.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Reconciliation of information used in computing basic and diluted earnings per share	The following table sets forth a reconciliation of the information used in computing basic and diluted earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Earnings from continuing operations $ 206,006 $ 157,305 $ 509,796 $ 433,170 Loss from discontinued operations, net — — — (4,472) Net earnings $ 206,006 $ 157,305 $ 509,796 $ 428,698 Basic earnings (loss) per common share: Earnings from continuing operations $ 1.42 $ 1.07 $ 3.51 $ 2.87 Loss from discontinued operations, net $ — $ — $ — $ (0.03) Net earnings $ 1.42 $ 1.07 $ 3.51 $ 2.84 Weighted average shares outstanding 145,372,000 147,344,000 145,276,000 151,177,000 Diluted earnings (loss) per common share: Earnings from continuing operations $ 1.40 $ 1.05 $ 3.47 $ 2.82 Loss from discontinued operations, net $ — $ — $ — $ (0.03) Net earnings $ 1.40 $ 1.05 $ 3.47 $ 2.79 Weighted average shares outstanding 147,051,000 149,457,000 147,053,000 153,429,000
Reconciliation of share amounts used in computing earnings per share	The following table is a reconciliation of the share amounts used in computing earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Weighted average shares outstanding - Basic 145,372,000 147,344,000 145,276,000 151,177,000 Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs 1,679,000 2,113,000 1,777,000 2,252,000 Weighted average shares outstanding - Diluted 147,051,000 149,457,000 147,053,000 153,429,000

Spin-off of Apergy Corporatio_2

Spin-off of Apergy Corporation (Detail) € in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019EUR (€)	May 09, 2018USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and Cash Equivalents				$ 10,400
Less: Cash received from Apergy Corporation		$ 700,000
Cash received from Apergy, net of cash distributed	$ 0	689,643
Separation of Apergy		(906,815)
Stock repurchase program (dollar value of planned repurchases)		1,000,000
Apergy [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and Cash Equivalents				10,357
Current assets				462,620
Non-current assets				1,438,760
Assets held for sale				1,911,737
Current liabilities				185,354
Noncurrent liabilities				119,568
Total liabilities of discontinued operations				304,922
Net assets distributed to Apergy Corporation				1,606,815
Less: Cash received from Apergy Corporation		700,000
Net distribution to Apergy Corporation				$ 906,815
Separation of Apergy		33,000
Note due 2026 [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Debt Instrument, Face Amount | €			€ 600,000
Note due 2026 [Member] | Apergy [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Debt Instrument, Face Amount		$ 300,000
Debt Instrument, Interest Rate, Stated Percentage		6.375%
Debt Instrument, Unused Borrowing Capacity, Amount		$ 415,000
AOCI Attributable to Parent [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Separation of Apergy		$ 32,928

Disaggregation of Revenue (Deta

Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 1,825,345	$ 1,747,403	$ 5,360,808	$ 5,183,168
United States
Disaggregation of Revenue [Line Items]
Revenue	1,002,349	922,261	2,883,147	2,707,470
Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue	376,601	369,479	1,184,520	1,158,891
Asia [Member]
Disaggregation of Revenue [Line Items]
Revenue	229,210	219,645	623,838	633,280
Other Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue	150,257	166,182	466,591	467,523
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue	66,928	69,836	202,712	216,004
Printing and Identification End Market [Member]
Disaggregation of Revenue [Line Items]
Revenue	287,157	283,232	848,056	865,588
Industrials End Market [Member]
Disaggregation of Revenue [Line Items]
Revenue	414,634	388,302	1,237,427	1,180,561
Engineered Systems Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue	701,791	671,534	2,085,483	2,046,149
Fueling and Transport End Market [Member]
Disaggregation of Revenue [Line Items]
Revenue	411,769	367,617	1,175,405	1,050,276
Pumps End Market [Member]
Disaggregation of Revenue [Line Items]
Revenue	169,678	167,542	523,730	503,157
Process Solutions End Market [Member]
Disaggregation of Revenue [Line Items]
Revenue	171,599	154,906	486,568	458,396
Fluids Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue	753,046	690,065	2,185,703	2,011,829
Refrigeration End Market [Member]
Disaggregation of Revenue [Line Items]
Revenue	313,908	328,281	905,084	937,168
Food Equipment End Market [Member]
Disaggregation of Revenue [Line Items]
Revenue	56,427	57,933	185,368	189,047
Refrigeration and Food Equipment Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue	370,335	386,214	1,090,452	1,126,215
Intersegment Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 173	$ (410)	$ (830)	$ (1,025)

Remaining Performance Obligatio

Remaining Performance Obligation (Details) $ in Millions	Sep. 30, 2019USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 81.6
Revenue, Remaining Performance Obligation, Percentage	58.00%

Contract Balances (Details)

Contract Balances (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Jan. 01, 2018
Change in Contract with Customer, Asset and Liability [Abstract]
Revenue recognized that was included in the contract liability balance at the beginning of the period	$ 25,977	$ 37,579
Contract with Customer, Asset and Liability [Abstract]
Contract assets balance	13,924		$ 9,330	$ 11,932
Contract liabilities - current	39,656		36,461	48,268
Contract liabilities - non-current	$ 9,121		$ 9,382	$ 9,916

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			$ 216,398	$ 68,557
Current Assets	$ 14,353		14,353
Property, Plant, and Equipment	1,030		1,030
Goodwill	119,363		119,363
Intangibles	91,980		91,980
Current Liabilities	10,348		10,348
Goodwill and intangible assets	211,343		211,343
Other assets and deferred charges	20		20
Revenue [Abstract]
As reported	1,825,345	$ 1,747,403	5,360,808	5,183,168
Pro forma	1,825,510	1,764,397	5,369,686	5,233,912
Net earnings [Abstract]
As reported	206,006	157,305	509,796	433,170
Pro forma	$ 206,091	$ 159,122	$ 512,679	$ 440,603
Basic earnings per share [Abstract]
As reported (in dollars per share)	$ 1.42	$ 1.07	$ 3.51	$ 2.87
Pro forma (in dollars per share)	1.42	1.08	3.53	2.91
Diluted earnings per share [Abstract]
As reported (in dollars per share)	1.40	1.05	3.47	2.82
Pro forma (in dollars per share)	$ 1.40	$ 1.06	$ 3.49	$ 2.87
Payments to Acquire Businesses, Net of Cash Acquired			$ 216,398	$ 68,557
Customer Relationships [Member]
Business Acquisition [Line Items]
Intangibles	$ 68,500		68,500
Patents [Member]
Business Acquisition [Line Items]
Intangibles	16,000		$ 16,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			9 years
Trademarks [Member]
Business Acquisition [Line Items]
Intangibles	$ 7,480		$ 7,480
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			15 years
All-Flo [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			$ 39,954
Diluted earnings per share [Abstract]
Payments to Acquire Businesses, Net of Cash Acquired			39,954
Belanger [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			175,350
Diluted earnings per share [Abstract]
Payments to Acquire Businesses, Net of Cash Acquired			$ 175,350
Ettiingler [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired				53,218
Goodwill		$ 36,493		36,493
Intangibles		19,907		19,907
Diluted earnings per share [Abstract]
Payments to Acquire Businesses, Net of Cash Acquired				53,218
Rosario [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired				15,339
Goodwill		10,402		$ 10,402
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life				10 years
Diluted earnings per share [Abstract]
Payments to Acquire Businesses, Net of Cash Acquired				$ 15,339
Rosario [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Intangibles		$ 4,149		$ 4,149
Minimum [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			9 years
Minimum [Member] | Ettiingler [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life				8 years
Maximum [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			13 years
Maximum [Member] | Ettiingler [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life				15 years

Disposed Operations (Details)

Disposed Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of Long-Lived Assets to be Disposed of				$ (21,607)
Loss on assets held for sale	$ 0	$ 0		(46,946)	$ 0
Foreign Currency Translation Gains (Losses)				25,339
Proceeds from sale of businesses			$ 2,245	$ 24,218	$ 2,069

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Spin-off Costs Incurred to Date		$ 0		$ 46,384
Discontinued Operation, Revenue		0		403,688
Discontinued Operation, Costs of Goods and Services		0		254,205
Discontinued Operation, Gross Profit		0		149,483
Discontinued Operation, Selling, General and Administrative Expense		0		144,114
Discontinued Operation, Operating Earnings		0		5,369
Discontinued Operation, Other Expense, Net		0		349
Discontinued Operation, Earnings from Discontinued Operations Before Taxes		0		5,020
Discontinued Operation, Tax Effect of Discontinued Operation		0		9,492
Loss from discontinued operations	$ 0	$ 0	$ 0	$ (4,472)

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory, Net [Abstract]
Raw materials	$ 470,088	$ 439,616
Work in progress	169,639	154,878
Finished goods	289,779	265,722
Subtotal	929,506	860,216
Less reserves	(112,943)	(111,420)
Total	$ 816,563	$ 748,796

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Cost	$ 2,197,364		$ 2,197,364		$ 2,138,950
Accumulated depreciation	(1,376,782)		(1,376,782)		(1,332,453)
Total	820,582		820,582		806,497
Depreciation expense	32,145	$ 32,514	97,364	$ 97,625
Land [Member]
Property, Plant and Equipment [Line Items]
Cost	48,935		48,935		53,623
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Cost	512,985		512,985		529,982
Machinery, equipment and other [Member]
Property, Plant and Equipment [Line Items]
Cost	$ 1,635,444		$ 1,635,444		$ 1,555,345

Lease Cost (Details)

Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Lessee, Lease, Description [Line Items]
Fixed lease, Cost	$ 13,557	$ 38,520
Variable Lease, Cost	1,634	5,274
Short-term Lease, Cost	3,998	13,736
Lease, Cost, Total	$ 19,189	$ 57,530

Lease Cash Flow (Details)

Lease Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Supplemental Cash Flow Disclosures [Line Items]
Operating cash flows from operating leases	$ 13,836	$ 39,237
Operating cash flows from finance leases	107	326
Financing cash flows from finance leases	490	1,430
Total Cash flow leases	14,433	40,993
New ROU Operating Lease	9,632	28,566
New ROU Finance Leases	460	827
Total New Lease Assets	$ 10,092	$ 29,393

Lease Assets and Liabilities (D

Lease Assets and Liabilities (Details) $ in Thousands	Sep. 30, 2019USD ($)
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset	$ 151,655
Operating Lease, Liability, Current	41,719
Operating Lease, Liability, Noncurrent	117,595
Operating Lease, Liability	159,314
Finance Lease, Right-of-Use Asset	8,678
Finance Lease, Liability, Current	1,601
Finance Lease, Liability, Noncurrent	7,939
Finance Lease, Liability	9,540
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	$ 4,203

Lease Maturity Tables (Details)

Lease Maturity Tables (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Operating Lease Liabilities, Payments Due [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 12,410	$ 49,009
Operating Leases, Future Minimum Payments, Due in Two Years	43,000	38,620
Operating Leases, Future Minimum Payments, Due in Three Years	33,983	29,396
Operating Leases, Future Minimum Payments, Due in Four Years	24,536	21,767
Operating Leases, Future Minimum Payments, Due in Five Years	16,018	13,994
Operating Leases, Future Minimum Payments, Due Thereafter	46,931	42,087
Operating Leases, Future Minimum Payments Due	176,878	194,873
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(17,564)
Lessee, Operating Lease, Liability, Payments, Due	159,314
Finance Lease Liabilities, Payments, Due [Abstract]
Capital Leases, Future Minimum Payments Due, Next Twelve Months	523	1,802
Capital Leases, Future Minimum Payments Due in Two Years	2,069	1,748
Capital Leases, Future Minimum Payments Due in Three Years	1,962	1,687
Capital Leases, Future Minimum Payments Due in Four Years	1,651	1,392
Capital Leases, Future Minimum Payments Due in Five Years	1,219	952
Capital Leases, Future Minimum Payments Due Thereafter	3,925	3,802
Capital Leases, Future Minimum Payments Due	11,349	$ 11,383
Finance Lease, Liability, Undiscounted Excess Amount	1,809
Finance Lease, Liability, Payments, Due	$ 9,540

Lease Assumptions (Details)

Lease Assumptions (Details)	Sep. 30, 2019
Lessee, Lease, Description [Line Items]
Operating Lease, Weighted Average Remaining Lease Term	5 years 9 months 18 days
Finance Lease, Weighted Average Remaining Lease Term	6 years 2 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	3.30%
Finance Lease, Weighted Average Discount Rate, Percent	4.20%

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Goodwill [Roll Forward]
Goodwill Balance	$ 3,760,428	$ 3,677,328
Goodwill, Acquired During Period	119,363
Goodwill, Written off Related to Sale of Business Unit	(4,739)
Foreign Currency Translation	(31,524)
Balance	3,760,428
Engineered Systems Segment [Member]
Goodwill [Roll Forward]
Goodwill Balance	1,605,578	1,623,660
Goodwill, Acquired During Period	0
Goodwill, Written off Related to Sale of Business Unit	0
Foreign Currency Translation	(18,082)
Balance	1,605,578
Fluids Segment [Member]
Goodwill [Roll Forward]
Goodwill Balance	1,609,371	1,507,602
Goodwill, Acquired During Period	119,363
Goodwill, Written off Related to Sale of Business Unit	(4,739)
Foreign Currency Translation	(12,855)
Balance	1,609,371
Refrigeration and Food Equipment Segment [Member]
Goodwill [Roll Forward]
Goodwill Balance	545,479	$ 546,066
Goodwill, Acquired During Period	0
Goodwill, Written off Related to Sale of Business Unit	0
Foreign Currency Translation	(587)
Balance	$ 545,479

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Intangible Assets and Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 2,061,299		$ 2,061,299		$ 2,046,063
Accumulated amortization	1,077,789		1,077,789		1,008,475
Finite-Lived Intangible Assets, Net	983,510		983,510		1,037,588
Intangible Assets, Gross (Excluding Goodwill)	2,157,919		2,157,919		2,142,731
Intangible assets, net	1,080,130		1,080,130		1,134,256
Amortization expense	34,642	$ 35,576	104,930	$ 108,393
Acquisition-related amortization expense	34,157	$ 35,258	103,531	$ 107,092
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	0		0		0
Customer Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,401,618		1,401,618		1,395,742
Accumulated amortization	687,947		687,947		645,305
Finite-Lived Intangible Assets, Net	713,671		713,671		750,437
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	216,706		216,706		214,774
Accumulated amortization	81,503		81,503		72,305
Finite-Lived Intangible Assets, Net	135,203		135,203		142,469
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	159,291		159,291		144,302
Accumulated amortization	132,294		132,294		128,254
Finite-Lived Intangible Assets, Net	26,997		26,997		16,048
Unpatented Technologies [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	153,528		153,528		155,380
Accumulated amortization	95,583		95,583		85,560
Finite-Lived Intangible Assets, Net	57,945		57,945		69,820
Distributor Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	81,215		81,215		82,970
Accumulated amortization	42,137		42,137		37,943
Finite-Lived Intangible Assets, Net	39,078		39,078		45,027
Drawings and Manuals [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	27,201		27,201		31,849
Accumulated amortization	21,586		21,586		23,273
Finite-Lived Intangible Assets, Net	5,615		5,615		8,576
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	21,740		21,740		21,046
Accumulated amortization	16,739		16,739		15,835
Finite-Lived Intangible Assets, Net	$ 5,001		$ 5,001		$ 5,211

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Indefinite-lived Intangibles (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Trademarks [Member]
Unamortized Intangible Assets [Abstract]
Gross carrying amount	$ 96,620	$ 96,668

Restructuring Activities (Detai

Restructuring Activities (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended	24 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2019	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 3,336	$ 24,201	$ 12,010	$ 36,423
Restructuring Reserve [Roll Forward]
Severance and other restructuring reserve, beginning balance	$ 11,044			28,164		$ 28,164	$ 28,164
Provision				12,010
Payments				(25,919)
Other, including foreign currency translation				(3,211)
Severance and other restructuring reserve, ending balance		11,044		11,044
Engineered Systems Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		852	10,637	3,730	13,872
Fluids Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		1,732	10,473	5,128	16,021
Refrigeration and Food Equipment Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		495	452	2,134	598
Corporate, Non-Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		257	2,639	1,018	5,932
Footprint Consolidation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges				4,000
Footprint Consolidation Costs [Member] | Scenario, Forecast [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	6,000						10,000
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Severance and other restructuring reserve, beginning balance	8,752			24,284		24,284	24,284
Provision				8,695
Payments				(23,583)
Other, including foreign currency translation				(644)
Severance and other restructuring reserve, ending balance		8,752		8,752
Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Severance and other restructuring reserve, beginning balance	2,292			3,880		3,880	$ 3,880
Provision				3,315
Payments				(2,336)
Other, including foreign currency translation				(2,567)
Severance and other restructuring reserve, ending balance		2,292		2,292
Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		2,073	3,586	4,435	7,985
Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 1,263	$ 20,615	7,575	$ 28,438
Selling, General and Administrative Expenses [Member] | Rightsizing Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges				$ 7,000
Selling, General and Administrative Expenses [Member] | Rightsizing Costs [Member] | Scenario, Forecast [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2,000					$ 9,000

Borrowings (Details)

Borrowings (Details) € in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019EUR (€)	Dec. 31, 2018USD ($)
Short-term borrowings [Abstract]
Commercial Paper	$ 182,700		$ 220,318
Notes payable and current maturities of long-term debt	182,700		220,318
Long-term borrowings [Abstract]
Net long-term debt	2,908,729		2,943,660
Unamortized debt discounts	14,500		15,800
Deferred debt issuance costs	11,600		13,000
Line of Credit Facility [Abstract]
Unsecured revolving credit facility, maximum borrowing capacity	$ 1,000,000
Line of Credit Facility, Covenant Compliance	The Company was in compliance with all covenants in the Credit Agreement and other long-term debt covenants at September 30, 2019 and had an interest coverage ratio of consolidated EBITDA to consolidated net interest expense of 10.5 to 1.0.
Letters of Credit Outstanding, Amount	$ 145,500
Note due 2020 [Member]
Long-term borrowings [Abstract]
Long-term debt	327,726		339,657
Debt Instrument, Face Amount | €		€ 300,000
Note due 2021 [Member]
Long-term borrowings [Abstract]
Long-term debt	449,477		449,200
Debt Instrument, Face Amount	450,000
Note due 2025 [Member]
Long-term borrowings [Abstract]
Long-term debt	395,874		395,368
Debt Instrument, Face Amount	400,000
Note due 2026 [Member]
Long-term borrowings [Abstract]
Long-term debt	648,551		672,103
Debt Instrument, Face Amount | €		€ 600,000
Debentures due 2028 [Member]
Long-term borrowings [Abstract]
Long-term debt	199,130		199,054
Debt Instrument, Face Amount	200,000
Debenture due 2035 [Member]
Long-term borrowings [Abstract]
Long-term debt	295,998		295,811
Debt Instrument, Face Amount	300,000
Note due 2038 [Member]
Long-term borrowings [Abstract]
Long-term debt	247,911		247,827
Debt Instrument, Face Amount	250,000
Note due 2041 [Member]
Long-term borrowings [Abstract]
Long-term debt	344,062		343,877
Debt Instrument, Face Amount	350,000
Other long term debt instruments [Member]
Long-term borrowings [Abstract]
Long-term debt	$ 0		$ 763

Financial Instruments (Details)

Financial Instruments (Details) € in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019EUR (€)	Dec. 31, 2018USD ($)
Derivatives, Fair Value [Line Items]
Gain (loss) on euro-denominated debt	$ 37,783	$ (6,155)	$ 36,630	$ 7,734
Tax (expense) benefit	(7,934)	1,293	(7,692)	(1,624)
Net gain (loss) on net investment hedge, net of tax	29,849	$ (4,862)	28,938	$ 6,110
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	182,722		182,722			$ 193,649
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	88,599		88,599			66,906
Foreign Exchange Forward [Member] | Designated as Hedging Instrument [Member] | Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Fair Value - Asset	2,052		2,052			1,874
Foreign Exchange Forward [Member] | Designated as Hedging Instrument [Member] | Other Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Fair Value - Liability	$ 1,454		$ 1,454			$ 1,165
Note due 2026 [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Face Amount | €					€ 600,000
Note due 2026 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Face Amount | €					600,000
Note due 2020 [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Face Amount | €					300,000
Note due 2020 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Face Amount | €					€ 300,000

Financial Instruments - Balance

Financial Instruments - Balance Sheet Location (Details) - Fair Value, Measurements, Recurring [Member] - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets [Abstract]
Foreign currency cash flow hedges - asset	$ 2,052	$ 1,874
Liabilities [Abstract]
Foreign currency cash flow hedges - liability	$ 1,454	$ 1,165

Financial Instruments - Fair Va

Financial Instruments - Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 2,908,729	$ 2,943,660
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	3,296,860	3,132,330
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency cash flow hedges - asset	2,052	1,874
Foreign currency cash flow hedges - liability	$ (1,454)	$ (1,165)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Effective tax rate (in hundredths)	20.10%	18.50%	21.10%	19.60%
Minimum [Member]
Significant change in unrecognized tax benefits is reasonably possible, estimated range of change, lower bound	$ 0		$ 0
Maximum [Member]
Significant change in unrecognized tax benefits is reasonably possible, estimated range of change, lower bound	$ 11,500		$ 11,500

Equity Incentive Program (Detai

Equity Incentive Program (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock-based compensation expense [Abstract]
Pre-tax stock-based compensation expense	$ 7,876	$ 5,443	$ 24,493	$ 15,846
Tax benefit	(489)	(1,207)	(2,035)	(3,520)
Total stock-based compensation expense, net of tax	$ 7,387	4,236	$ 22,458	$ 12,326
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards issued during period (in shares)			615,089
Risk-free interest rate (in hundredths)			2.51%
Dividend yield (in hundredths)			2.13%
Expected life (in years)			5 years 7 months 6 days
Volatility (in hundredths)			22.35%
Grant price (in dollars per share)			$ 91.20
Fair value at date of grant (in dollars per share)			$ 17.55
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards issued during period (in shares)			124,929
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards issued during period (in shares)			35,172
Fair value at date of grant (in dollars per share)			$ 91.20
Performance share attainment			223.04%	293.36%
Minimum [Member] | Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (in hundredths)				2.58%
Dividend yield (in hundredths)				1.99%
Expected life (in years)				5 years 7 months 6 days
Volatility (in hundredths)				20.95%
Fair value at date of grant (in dollars per share)				$ 14.58
Minimum [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant price (in dollars per share)				$ 79.75
Maximum [Member] | Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (in hundredths)				2.87%
Dividend yield (in hundredths)				2.43%
Expected life (in years)				5 years 8 months 12 days
Volatility (in hundredths)				21.20%
Grant price (in dollars per share)				$ 82.09
Fair value at date of grant (in dollars per share)				15.41
Maximum [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value at date of grant (in dollars per share)				$ 82.09
Discontinuing Operations [Member]
Stock-based compensation expense [Abstract]
Pre-tax stock-based compensation expense		$ 0		$ 744

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Accrual for environmental loss contingencies	$ 30,926		$ 31,797
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Beginning balance	50,073	$ 59,403
Provision for warranties	46,123	46,076
Settlements made	(46,406)	(50,110)
Other adjustments, including acquisitions and currency translation	(1,609)	(770)
Ending balance	$ 48,181	$ 54,599

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net periodic benefit cost [Abstract]
Total amount amortized out of accumulated other comprehensive income	$ 856	$ 1,407	$ 2,574	$ 7,765
Defined contribution plan expense	12,188	11,230	38,340	35,243
Post-Retirement Benefits [Member]
Net periodic benefit cost [Abstract]
Service cost	5	8	15	23
Interest cost	78	73	234	218
Prior service cost (credit)	3	3	10	10
Recognized actuarial loss	(17)	(8)	(52)	(23)
Net periodic (income)/expense	69	76	207	228
Qualified Plan [Member] | Defined benefit pension plans | United States
Net periodic benefit cost [Abstract]
Service cost	1,754	1,861	5,262	7,148
Interest cost	4,756	5,236	14,269	15,491
Expected return on plan assets	(8,534)	(9,518)	(25,602)	(29,474)
Prior service cost (credit)	76	69	227	495
Recognized actuarial loss	0	150	0	2,951
Transition obligation	0	0	0	0
Net periodic (income)/expense	(1,948)	(2,202)	(5,844)	(3,389)
Qualified Plan [Member] | Defined benefit pension plans | Foreign Pension Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Service cost	1,429	1,054	4,265	4,165
Interest cost	1,193	1,098	3,641	3,819
Expected return on plan assets	(1,538)	(1,710)	(4,664)	(5,838)
Prior service cost (credit)	(102)	(112)	(298)	(338)
Recognized actuarial loss	763	673	2,288	2,258
Transition obligation	0	0	0	2
Net periodic (income)/expense	1,745	1,003	5,232	4,068
Nonqualified Plan [Member] | Supplemental Employee Retirement Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Service cost	486	635	1,457	1,990
Interest cost	668	751	2,003	2,452
Prior service cost (credit)	703	931	2,109	3,245
Recognized actuarial loss	(570)	(298)	(1,710)	(834)
Net periodic (income)/expense	1,287	2,019	3,859	6,853
Discontinued Operations [Member] | Qualified Plan [Member] | Defined benefit pension plans | United States
Net periodic benefit cost [Abstract]
Net periodic (income)/expense	0	0	0	950
Discontinued Operations [Member] | Qualified Plan [Member] | Defined benefit pension plans | Foreign Pension Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Net periodic (income)/expense	0	0	0	247
Discontinued Operations [Member] | Nonqualified Plan [Member] | Supplemental Employee Retirement Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Net periodic (income)/expense	0	0	0	351
Continuing Operations [Member] | Qualified Plan [Member] | Defined benefit pension plans | United States
Net periodic benefit cost [Abstract]
Net periodic (income)/expense	(1,948)	(2,202)	(5,844)	(4,339)
Continuing Operations [Member] | Qualified Plan [Member] | Defined benefit pension plans | Foreign Pension Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Net periodic (income)/expense	1,745	1,003	5,232	3,821
Continuing Operations [Member] | Nonqualified Plan [Member] | Supplemental Employee Retirement Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Net periodic (income)/expense	$ 1,287	$ 2,019	$ 3,859	$ 6,502

Other Comprehensive Earnings (D

Other Comprehensive Earnings (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Foreign currency translation adjustments [Abstract]
Foreign currency translation adjustments, before tax	$ (42,931)	$ (14,860)	$ (8,112)	$ (24,794)
Foreign currency translation adjustments, tax	(7,934)	1,293	(7,692)	(1,624)
Total foreign currency translation adjustment	(50,865)	(13,567)	(15,804)	(26,418)
Pension and other postretirement benefit plans [Abstract]
Pension and other postretirement benefit plans, before tax	856	1,407	2,574	7,765
Pension and other postretirement benefit plans, tax	(190)	(301)	(572)	(1,657)
Total pension and other postretirement benefit plans	666	1,106	2,002	6,108
Changes in fair value of cash flow hedges [Abstract]
Changes in fair value of cash flow hedges, before tax	1,419	(1,374)	(368)	2,116
Changes in fair value of cash flow hedges, tax	(297)	289	76	(444)
Total cash flow hedges	1,122	(1,085)	(292)	1,672
Total other comprehensive earnings [Abstract]
Other comprehensive earnings (loss), before Tax	(40,656)	(14,827)	(5,906)	(14,913)
Other comprehensive earnings (loss), tax	(8,421)	1,281	(8,188)	(3,725)
Other comprehensive (loss) earnings	(49,077)	(13,546)	(14,094)	(18,638)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net earnings	206,006	157,305	509,796	428,698
Other comprehensive earnings (loss)	(49,077)	(13,546)	(14,094)	(18,638)
Comprehensive earnings	156,929	143,759	495,702	410,060
Other Comprehensive Income Loss Reclassification Adjustment from AOCI Foreign Currency Translation Net of Tax [Abstract]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	0	0	25,339	0
Tax benefit	0	0	0	0
Net of tax	0	0	25,339	0
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans Net Of Tax Abstract [Abstract]
Amortization of actuarial losses	176	517	526	4,354
Amortization of prior service costs	680	890	2,048	3,411
Total before tax	856	1,407	2,574	7,765
Tax (benefit) provision	(190)	(301)	(572)	(1,657)
Net of tax	666	1,106	2,002	6,108
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Derivatives Net of Tax [Abstract]
Net (gains) losses reclassified into earnings	730	460	(85)	(439)
Tax expense (benefit)	(153)	(96)	16	92
Net of tax	$ 577	$ 364	$ (69)	$ (347)

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segments	Sep. 30, 2018USD ($)
Segment Reporting [Abstract]
Fluids Segment Earnings Excluding Loss on Finder			$ 373,584
Segment Reporting Information [Line Items]
Spin-off Costs Incurred to Date		$ 0		$ 46,384
Number of reportable segments | segments			3
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	$ 1,825,345	1,747,403	$ 5,360,808	5,183,168
Interest Expense	31,410	31,192	94,972	98,957
Interest Income	(1,263)	(2,060)	(3,098)	(6,680)
Earnings before provision for income taxes	257,930	193,016	645,987	538,703
Provision for income taxes	(51,924)	(35,711)	(136,191)	(105,533)
Earnings from continuing operations	206,006	157,305	509,796	433,170
Engineered Systems Segment [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	701,791	671,534	2,085,483	2,046,149
Earnings before provision for income taxes	136,022	108,714	390,866	337,429
Fluids Segment [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	753,046	690,065	2,185,703	2,011,829
Earnings before provision for income taxes	145,502	101,207	326,638	261,583
Refrigeration and Food Equipment Segment [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	370,335	386,214	1,090,452	1,126,215
Earnings before provision for income taxes	35,211	42,434	104,393	122,988
Intersegment Eliminations [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	173	(410)	(830)	(1,025)
Total segments [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Earnings before provision for income taxes	316,735	252,355	821,897	722,000
Corporate expense / other [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Earnings before provision for income taxes	$ 28,658	$ 30,207	$ 84,036	$ 91,020

Share Repurchases (Details)

Share Repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Dec. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Share Repurchases [Line Items]
Accelerated Share Repurchases, Settlement (Payment) or Receipt			$ 700,000
Purchase of common stock		$ 23,280	$ 892,771
January 2015 Authorization [Member]
Share Repurchases [Line Items]
Share repurchases			440,608
Purchase of common stock			$ 44,977
Treasury Stock Acquired, Average Cost Per Share			$ 102.08
Remaining number of shares authorized to be repurchased			5,271,168
February 2018 Authorization [Member]
Share Repurchases [Line Items]
Accelerated Shares Repurchased	1,463,815		7,078,751	8,542,566
Accelerated Share Repurchases, Final Price Paid Per Share				$ 81.94
Number of shares authorized to be repurchased			20,000,000
Share repurchases		261,807	1,729,048
Purchase of common stock		$ 23,280	$ 147,793
Treasury Stock Acquired, Average Cost Per Share		$ 88.92	$ 85.48
Remaining number of shares authorized to be repurchased		9,441,859

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings from continuing operations	$ 206,006	$ 157,305	$ 509,796	$ 433,170
Loss from discontinued operations	0	0	0	(4,472)
Net earnings	$ 206,006	$ 157,305	$ 509,796	$ 428,698
Basic earnings (loss) per common share:
Earnings from continuing operations (in dollars per basic share)	$ 1.42	$ 1.07	$ 3.51	$ 2.87
Earnings (loss) per share from discontinued operations (in dollars per basic share)	0	0	0	(0.03)
Net earnings (in dollars per basic share)	$ 1.42	$ 1.07	$ 3.51	$ 2.84
Weighted average shares outstanding - basic (in shares)	145,372,000	147,344,000	145,276,000	151,177,000
Diluted earnings (loss) per common share:
Earnings from continuing operations (in dollars per diluted share)	$ 1.40	$ 1.05	$ 3.47	$ 2.82
Earnings (loss) per share from discontinued operations (in dollars per diluted share)	0	0	0	(0.03)
Net earnings (in dollars per diluted share)	$ 1.40	$ 1.05	$ 3.47	$ 2.79
Weighted average shares outstanding - diluted (in shares)	147,051,000	149,457,000	147,053,000	153,429,000
Reconciliation Of Share Amounts Used In Computing Earnings Per Share [Abstract]
Weighted average shares outstanding - basic (in shares)	145,372,000	147,344,000	145,276,000	151,177,000
Dilutive effect of assumed exercise of SAR's and vesting of performance shares (in shares)	1,679,000	2,113,000	1,777,000	2,252,000
Weighted average shares outstanding - diluted (in shares)	147,051,000	149,457,000	147,053,000	153,429,000
Antidilutive securities excluded from computation of earnings per share	28,000	10,000	9,000	1,000

Recent Accounting Standards (De

Recent Accounting Standards (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Sep. 30, 2018
Accounting Standards Update 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ 0
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 163,000
Retained Earnings | Accounting Standards Update 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ 12,856

Subsequent Events (Details)

Subsequent Events (Details) $ in Billions	Sep. 30, 2019USD ($)
Subsequent Events [Abstract]
Unsecured revolving credit facility, maximum borrowing capacity	$ 1