Dover (DOV) 10-Q 24 Oct 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Oct. 18, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		137,191,966
Entity Registrant Name	DOVER Corp
Entity Central Index Key	0000029905
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common stock $1 par value
Document Information [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	DOV
Security Exchange Name	NYSE
1.250% Notes due 2026
Document Information [Line Items]
Title of 12(b) Security	1.250% Notes due 2026
Trading Symbol	DOV 26
Security Exchange Name	NYSE
0.750% Notes due 2027
Document Information [Line Items]
Title of 12(b) Security	0.750% Notes due 2027
Trading Symbol	DOV 27
Security Exchange Name	NYSE

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue	$ 1,983,542	$ 1,958,428	$ 5,816,043	$ 5,779,664
Cost of goods and services	1,220,355	1,219,047	3,603,146	3,631,023
Gross profit	763,187	739,381	2,212,897	2,148,641
Selling, general and administrative expenses	429,570	402,838	1,301,606	1,234,223
Operating earnings	333,617	336,543	911,291	914,418
Interest expense	34,128	32,390	102,867	100,407
Interest income	(5,176)	(3,808)	(14,013)	(8,552)
Gain on dispositions	(68,633)	0	(597,913)	0
Other income, net	(13,032)	(10,274)	(33,016)	(20,758)
Earnings before provision for income taxes	386,330	318,235	1,453,366	843,321
Provision for income taxes	73,434	56,252	291,781	157,636
Earnings from continuing operations	312,896	261,983	1,161,585	685,685
Earnings from discontinued operations, net	34,204	27,770	99,558	74,881
Net earnings	$ 347,100	$ 289,753	$ 1,261,143	$ 760,566
Earnings per share from continuing operations:
Earnings from continuing operations (in dollars per share)	$ 2.28	$ 1.87	$ 8.42	$ 4.90
Earnings from continuing operations (in dollars per share)	2.26	1.86	8.37	4.88
Earnings per share from discontinued operations:
Earnings from discontinued operations, net (in dollars per share)	0.25	0.20	0.72	0.54
Earnings from discontinued operations, net (in dollars per share)	0.25	0.20	0.72	0.53
Net earnings per share:
Basic (in dollars per share)	2.53	2.07	9.14	5.44
Diluted (in dollars per share)	$ 2.51	$ 2.06	$ 9.08	$ 5.41
Weighted average shares outstanding:
Basic (in shares)	137,251	139,878	137,913	139,833
Diluted (in shares)	138,223	140,615	138,830	140,603

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net earnings	$ 347,100	$ 289,753	$ 1,261,143	$ 760,566
Foreign currency translation adjustments:
Foreign currency translation gain (loss)	55,121	(54,114)	13,176	(16,207)
Reclassification of foreign currency translation losses to earnings	0	0	13,931	0
Total foreign currency translation adjustments (net of $10,468, $(7,274), $3,008 and $(58) tax benefit (provision), respectively)	55,121	(54,114)	27,107	(16,207)
Pension and other post-retirement benefit plans:
Amortization of actuarial gain included in net periodic pension cost	(363)	(516)	(1,099)	(1,578)
Amortization of prior service (credits) costs included in net periodic pension cost	(160)	245	(472)	764
Total pension and other post-retirement benefit plans (net of $138, $82, $415 and $247 tax benefit, respectively)	(523)	(271)	(1,571)	(814)
Changes in fair value of cash flow hedges:
Unrealized net (loss) gain arising during period	(1,107)	587	(246)	246
Net loss (gain) reclassified into earnings	39	369	(665)	2,067
Total cash flow hedges (net of $315, $(273), $269 and $(660) tax benefit (provision), respectively)	(1,068)	956	(911)	2,313
Other comprehensive earnings (loss), net of tax	53,530	(53,429)	24,625	(14,708)
Comprehensive earnings	$ 400,630	$ 236,324	$ 1,285,768	$ 745,858

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax benefit (provision)	$ 10,468	$ (7,274)	$ 3,008	$ (58)
Pension and other postretirement benefit plans tax benefit (provision)	138	82	415	247
Cash flow hedges tax (provision) benefit	$ 315	$ (273)	$ 269	$ (660)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 386,766	$ 398,561
Receivables, net	1,428,961	1,321,107
Inventories, net	1,214,268	1,144,089
Prepaid and other current assets	132,745	139,348
Assets held for sale - current	583,161	387,130
Total current assets	3,745,901	3,390,235
Property, plant and equipment, net	995,766	978,472
Goodwill	4,974,447	4,637,564
Intangible assets, net	1,645,379	1,445,204
Other assets and deferred charges	551,479	555,084
Assets held for sale - non-current	0	341,954
Total assets	11,912,972	11,348,513
Current liabilities:
Short-term borrowings	379,295	468,282
Accounts payable	865,188	854,465
Accrued compensation and employee benefits	250,017	258,786
Deferred revenue	185,055	194,798
Accrued insurance	92,543	86,085
Other accrued expenses	334,617	296,895
Federal and other income taxes	62,000	36,878
Liabilities held for sale - current	218,488	217,581
Total current liabilities	2,387,203	2,413,770
Long-term debt	3,007,820	2,991,759
Deferred income taxes	353,609	346,383
Non-current income tax payable	6,158	28,024
Other liabilities	460,183	426,914
Liabilities held for sale - non-current	0	35,058
Stockholders' equity:
Total stockholders' equity	5,697,999	5,106,605
Total liabilities and stockholders' equity	$ 11,912,972	$ 11,348,513

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common stock $1 par value	Additional paid-in capital	Retained earnings	Accumulated other comprehensive earnings (loss)	Treasury stock
Beginning balance at Dec. 31, 2022	$ 4,286,366	$ 259,644	$ 867,560	$ 10,223,070	$ (266,223)	$ (6,797,685)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	760,566			760,566
Dividends paid	(212,882)			(212,882)
Common stock issued for the exercise of share-based awards	(12,334)	191	(12,525)
Stock-based compensation expense	25,468		25,468
Other comprehensive earnings (loss), net of tax	(14,708)				(14,708)
Other, net	24			24
Ending balance at Sep. 30, 2023	4,832,500	259,835	880,503	10,770,778	(280,931)	(6,797,685)
Beginning balance at Jun. 30, 2023	4,662,105	259,818	875,041	10,552,433	(227,502)	(6,797,685)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	289,753			289,753
Dividends paid	(71,408)			(71,408)
Common stock issued for the exercise of share-based awards	(1,266)	17	(1,283)
Stock-based compensation expense	6,745		6,745
Other comprehensive earnings (loss), net of tax	(53,429)				(53,429)
Ending balance at Sep. 30, 2023	4,832,500	259,835	880,503	10,770,778	(280,931)	(6,797,685)
Beginning balance at Dec. 31, 2023	5,106,605	259,842	886,690	10,995,624	(237,866)	(6,797,685)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	1,261,143			1,261,143
Dividends paid	(212,367)			(212,367)
Common stock issued for the exercise of share-based awards	(10,726)	164	(10,890)
Stock-based compensation expense	32,969		32,969
Common stock acquired, including accelerated share repurchase program and excise tax	(504,250)		(21,771)			(482,479)
Other comprehensive earnings (loss), net of tax	24,625				24,625
Ending balance at Sep. 30, 2024	5,697,999	260,006	886,998	12,044,400	(213,241)	(7,280,164)
Beginning balance at Jun. 30, 2024	5,363,623	259,971	829,335	11,768,023	(266,771)	(7,226,935)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	347,100			347,100
Dividends paid	(70,723)			(70,723)
Common stock issued for the exercise of share-based awards	(3,821)	35	(3,856)
Stock-based compensation expense	8,290		8,290
Common stock acquired, including accelerated share repurchase program and excise tax	0		53,229			(53,229)
Other comprehensive earnings (loss), net of tax	53,530				53,530
Ending balance at Sep. 30, 2024	$ 5,697,999	$ 260,006	$ 886,998	$ 12,044,400	$ (213,241)	$ (7,280,164)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Common stock, par value per share (in dollars per share)	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1
Dividends paid per common share (in dollars per share)	$ 0.515	$ 0.51	$ 1.54	$ 1.52

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Activities:
Net earnings	$ 1,261,143	$ 760,566
Adjustments to reconcile net earnings to cash provided by operating activities:
Earnings from discontinued operations, net	(99,558)	(74,881)
Depreciation and amortization	251,179	227,519
Stock-based compensation expense	32,297	24,836
Gain on dispositions	(597,913)	0
Other, net	(36,033)	(1,407)
Cash effect of changes in assets and liabilities:
Accounts receivable, net	(5,960)	(59,082)
Inventories	(36,936)	42,553
Prepaid expenses and other assets	(19,780)	2,068
Accounts payable	(60,549)	(82,364)
Accrued compensation and employee benefits	(30,322)	(40,718)
Accrued expenses and other liabilities	31,174	(14,884)
Accrued and deferred taxes, net	(39,861)	(63,224)
Net cash provided by operating activities	648,881	720,982
Investing Activities:
Additions to property, plant and equipment	(113,626)	(126,131)
Acquisitions, net of cash and cash equivalents acquired	(602,654)	(7,166)
Proceeds from dispositions, net of cash transferred	767,689	0
Other	11,710	2,225
Net cash provided by (used in) investing activities	63,119	(131,072)
Financing Activities:
Repurchase of common stock, including accelerated share repurchase program	(500,000)	0
Change in commercial paper and other short-term borrowings, net	(88,987)	(528,816)
Dividends paid to stockholders	(212,367)	(212,882)
Payments to settle employee tax obligations on exercise of share-based awards	(13,731)	(12,334)
Other	(3,360)	(3,173)
Net cash used in financing activities	(818,445)	(757,205)
Cash Flows from Discontinued Operations:
Net cash provided by operating activities of discontinued operations	108,284	99,281
Net cash used in investing activities of discontinued operations	(14,359)	(5,451)
Net cash provided by discontinued operations	93,925	93,830
Effect of exchange rate changes on cash and cash equivalents	(6,575)	(6,305)
Net decrease in cash and cash equivalents, including cash held for sale	(19,095)	(79,770)
Cash and cash equivalents at beginning of period, including cash held for sale	415,861	380,868
Cash and cash equivalents at end of period, including cash held for sale	$ 396,766	$ 301,098

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Cash Flows [Abstract]
Cash and cash equivalents	$ 386,766	$ 398,561
Cash and cash equivalents held for sale	10,000	17,300
Cash and cash equivalents, including cash held for sale	$ 396,766	$ 415,861

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2024
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, 2023, included in the Company's Annual Report on Form 10-K filed with the SEC on The Environmental Solutions Group ("ESG") business, an operating company within the Engineered Products segment, was held for sale and reported as discontinued operations as of September 30, 2024. Therefore, the Company has classified the results of operations as discontinued operations in the condensed consolidated statements of earnings and the condensed consolidated statements of cash flows and classified the assets and liabilities as held for sale in the condensed consolidated balance sheets for all periods presented. The discussion in the notes to these condensed consolidated financial statements, unless otherwise noted, relates solely to our continuing operations. See Note 4 — Discontinued and Disposed Operations for further details. The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with U.S. GAAP. The preparation of these financial statements requires us 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 knowledge of current events and expectations about actions that the Company may undertake in the future, actual results may differ from those estimates. Our interim condensed consolidated financial statements are unaudited but 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.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	2. Revenue Revenue from Contracts with Customers A majority of the Company’s revenue is short cycle in nature with shipments within one year from order. A small portion of the Company’s revenue derives from contracts extending over one year. The Company's payment terms generally range between 30 to 90 days and vary by the location of businesses, the type of products manufactured to be sold and the volume of products sold, among other factors. Disaggregation of Revenue Revenue from contracts with customers is disaggregated by segment and geographic location, as they best depict the nature and amount of the Company’s revenue. See Note 16 — Segment Information for further details. Performance Obligations Approximately 95% of the Company’s revenue is recognized at a point in time, rather than over time as the Company completes its performance obligations. Specifically, revenue is recognized when control transfers to the customer, typically upon shipment or completion of installation, testing, certification, or other substantive acceptance provisions required under the contract. Approximately 5% of the Company’s revenue is recognized over time and relates to the sale of equipment or services, including software solutions and services, in which the Company transfers control of a good or service over time and the customer simultaneously receives and consumes the benefits provided by the Company's performance as the Company performs, or the Company's performance creates or enhances an asset the customer controls as the asset is created or enhanced, or the Company's performance does not create an asset with an alternative use to the Company and the Company has an enforceable right to payment for its performance to date plus a reasonable margin. A majority of the Company's contracts have a single performance obligation which represents, in most cases, the equipment or product being sold to the customer. Some contracts include multiple performance obligations such as a product and the related installation, extended warranty, software and digital solutions, and/or maintenance services. For contracts with multiple performance obligations, the Company allocates the total transaction price to each performance obligation in an amount based on the estimated relative standalone selling prices of the promised goods or services underlying each performance obligation. At September 30, 2024, we estimated that $180,209 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 65.7% of the Company's unsatisfied (or partially unsatisfied) performance obligations as revenue through 2025, 17.8% in 2026, with the remaining balance to be recognized in 2027 and thereafter. The Company applied the standard's practical expedient that permits the omission of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which the Company has the right to invoice for services performed. Contract Balances Contract assets primarily relate to the Company's right to consideration for work completed but not billed at the reporting date. Contract liabilities relate to advance consideration received from customers or advance billings for which revenue has not been recognized and are reduced when the associated revenue from the contract is recognized. The following table provides information about contract assets and contract liabilities from contracts with customers: September 30, 2024 December 31, 2023 December 31, 2022 Contract assets - current $ 12,852 $ 19,561 $ 11,074 Contract liabilities - current 185,055 194,798 241,595 Contract liabilities - non-current 15,449 7,098 6,417 The revenue recognized during the nine months ended September 30, 2024 and 2023 that was included in contract liabilities at the beginning of the period amounted to $162,670 and $201,395, respectively.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions	3. Acquisitions 2024 Acquisitions During the nine months ended September 30, 2024, the Company acquired seven businesses in separate transactions for total consideration of $636,390, net of cash acquired and inclusive of contingent consideration of $33,736 (a non-cash financing activity). These businesses were acquired to complement and expand upon existing operations within the Clean Energy & Fueling, Engineered Products and Imaging & Identification segments. The goodwill recorded as a result of these acquisitions represents the economic benefits expected to be derived from product line expansions and operational synergies and is non-deductible for income tax purposes. On July 19, 2024, the Company acquired 100% of the equity interests in the Marshall Excelsior Company ("MEC"), a supplier of highly-engineered flow control components for transportation, storage, and use in liquified petroleum gas and other industrial gases, for $392,142, net of cash acquired. The MEC acquisition expands the Company's critical flow control capabilities in the Clean Energy & Fueling segment. In connection with this acquisition, the Company recorded goodwill of $183,878 and intangible assets of $194,100, primarily related to customer intangibles. The fair value for customer intangibles at the acquisition date was determined using the multi-period excess earnings method under the income approach. The fair value measurements of intangible assets are based on significant unobservable inputs, and thus represent Level 3 inputs. Significant assumptions used in assessing the fair values of intangible assets include discounted future cash flows, customer attrition rates and discount rates. The fair values of the assets acquired and liabilities assumed, and the related tax balances, are based on preliminary estimates and assumptions. These preliminary estimates and assumptions could change significantly during the measurement period as the Company finalizes the valuations of the assets acquired and liabilities assumed, and the related tax balances. The following presents the preliminary allocation of purchase price to the assets acquired and liabilities assumed, for the MEC 2024 acquisition, based on the estimated fair values at acquisition date: Total Current assets, net of cash acquired $ 58,637 Property, plant and equipment 10,300 Goodwill 183,878 Intangible assets 194,100 Other assets and deferred charges 5,602 Current liabilities (17,896) Non-current liabilities (42,479) Net assets acquired $ 392,142 On January 17, 2024, the Company acquired 100% of the equity interests in the Transchem Group ("Transchem"), a supplier of car wash chemicals and associated solutions, for $48,241, net of cash acquired and inclusive of contingent consideration. The Transchem acquisition expands the Company's chemical product offerings in the Clean Energy & Fueling segment, specializing in wash performance and water reclaim technology that reduces water usage and lowers car wash operators' cost. In connection with this acquisition, the Company recorded goodwill of $24,712 and intangible assets of $26,309, primarily related to customer intangibles. On January 31, 2024, the Company acquired 100% of the equity interests in Bulloch Technologies, Inc. ("Bulloch"), a provider of point-of-sale ("POS"), forecourt controller and electronic payment server solutions to the convenience retail industry, for $121,917, net of cash acquired and inclusive of contingent consideration. The acquisition of Bulloch expands the Company's offering in North America with highly complementary POS and forecourt solutions within the Clean Energy & Fueling segment. In connection with this acquisition, the Company recorded goodwill of $73,850 and intangible assets of $62,417, primarily related to customer intangibles. On July 18, 2024, the Company acquired 100% of the equity interests in Demaco Holland B.V. ("Demaco"), a provider of critical flow control components for cryogenic applications used in a wide range of end markets, for $42,556, net of cash acquired and inclusive of contingent consideration. The acquisition of Demaco expands the Company's offering within the Clean Energy & Fueling segment. In connection with this acquisition, the Company recorded goodwill of $22,698 and intangible assets of $20,159, primarily related to customer intangibles. On August 9, 2024, the Company acquired 100% of the equity interest in Criteria Labs, Inc. ("Criteria Labs"), a provider of radio frequency devices and microelectronic engineering solutions tailored for high-reliability applications, for $14,914, net of cash acquired and inclusive of contingent consideration. The acquisition of Criteria Labs expands the Company's offerings within the Engineered Products segment. In connection with this acquisition, the Company recorded goodwill of $7,622 and intangible assets of $7,900, primarily related to unpatented technologies. On August 9, 2024, the Company acquired 100% of the equity interest in SPS Cryogenics B.V. and Special Gas Systems B.V ("SPS Cryogenics"), a designer, manufacturer, and supplier of vacuum-insulated piping systems for a wide variety of liquified gases, for $10,924, net of cash acquired. The acquisition of SPS Cryogenics expands the Company's presence in Europe with highly complementary offerings within the Clean Energy & Fueling segment. In connection with this acquisition, the Company recorded goodwill of $4,779 and intangible assets of $5,677, primarily related to customer intangibles. One other immaterial acquisition was completed during the nine months ended September 30, 2024, within the Imaging & Identification segment. The acquisition is highly complementary to our existing track and trace solutions business, grows our presence in the European market and adds complementary offerings to our portfolio. The following presents, for the six acquisitions other than MEC, 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 $ 25,873 Property, plant and equipment 5,038 Goodwill 133,661 Intangible assets 126,358 Other assets and deferred charges 9,520 Current liabilities (14,934) Non-current liabilities (41,268) Net assets acquired $ 244,248 The amounts assigned to goodwill and major intangible asset classifications for all 2024 acquisitions were as follows: Amount allocated Useful life Goodwill - non-deductible $ 317,539 na Customer intangibles 273,625 9 - 15 Unpatented technologies 29,021 5 - 8 Trademarks 17,812 15 $ 637,997 2023 Acquisitions On August 28, 2023, the Company acquired 100% of the equity interests in the Arc Pacific group ("Arc Pacific"), a global supplier of can washers, dry-off, pin and internal bake ovens for the metal packaging industry, for $8,833, net of cash acquired and including contingent consideration. The Arc Pacific acquisition extends the Company's reach into can processing equipment production within the Climate & Sustainability Technologies segment. In connection with this acquisition, the Company recorded goodwill of $2,990 and intangible assets of $7,670, primarily related to customer intangibles. During the nine months ended September 30, 2024, the Company recorded measurement period adjustments resulting in an increase to goodwill of $371 and an increase in purchase price of $250.

Discontinued and Disposed Opera

Discontinued and Disposed Operations	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Discontinued and Disposed Operations	4. Discontinued and Disposed Operations Discontinued Operations On July 21, 2024, the Company signed a definitive agreement to sell its ESG business, which is part of the Company’s Engineered Products segment, to Terex Corporation for total consideration, net of cash transferred, of $2.0 billion, subject to post-closing adjustments. The ESG business was classified as held for sale as of September 30, 2024, and qualifies for discontinued operations reporting because its disposal represents a strategic shift that will have a major effect on the Company's operations and financial results . As a result, the Company has classified the results of operations as discontinued operations in the condensed consolidated statements of earnings and the condensed consolidated statements of cash flows and classified the assets and liabilities as held for sale in the condensed consolidated balance sheets for all periods presented. Summarized results of the Company's discontinued operations are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenue $ 231,777 $ 194,840 $ 671,479 $ 552,713 Cost of goods and services 164,115 141,206 474,705 402,484 Gross profit 67,662 53,634 196,774 150,229 Selling, general and administrative expenses 24,318 17,407 67,599 52,776 Operating earnings 43,344 36,227 129,175 97,453 Other (income) expense, net (1) — 696 (1) Earnings from discontinued operations before provision for income taxes 43,345 36,227 128,479 97,454 Provision for income taxes 9,141 8,457 28,921 22,573 Earnings from discontinued operations, net $ 34,204 $ 27,770 $ 99,558 $ 74,881 Assets and liabilities that were held for sale are summarized below: September 30, 2024 December 31, 2023 Assets: Cash and cash equivalents $ 10,000 $ — Receivables, net 138,531 110,933 Inventories, net 79,986 81,363 Prepaid and other current assets 2,156 2,190 Property, plant and equipment, net 69,301 53,344 Goodwill 244,123 244,123 Intangible assets, net 35,536 38,709 Other assets and deferred charges 3,528 5,778 Total assets held for sale $ 583,161 $ 536,440 Liabilities: Accounts payable $ 128,886 $ 104,077 Other current liabilities 55,217 48,936 Other non-current liabilities 34,385 35,058 Total liabilities held for sale $ 218,488 $ 188,071 For the period ended September 30, 2024, all assets and liabilities held for sale are presented as current in the condensed consolidated balance sheets due to the timing of the transaction close. For the period ended December 31, 2023, current assets and liabilities held for sale of $194,486 and $153,013, respectively, and non-current assets and liabilities held for sale of $341,954 and $35,058, respectively, are presented in the condensed consolidated balance sheets. 2024 Dispositions On March 31, 2024, the Company completed the sale of the De-Sta-Co business, an operating company within the Engineered Products segment, for total consideration, net of cash transferred, of $674,727. Of the total consideration, $63,000 was received upon finalization of closing activities in India and China, which occurred during the second quarter. This sale resulted in a preliminary pre-tax gain on disposition of $529,201 ($414,372 after-tax) included within the condensed consolidated statements of earnings for the nine months ended September 30, 2024. The total consideration and pre-tax gain on disposition are preliminary and subject to standard post-closing adjustments. The sale did not meet the criteria to be classified as a discontinued operation, as it did not represent a strategic shift that would have a major effect on operations and financial results. De-Sta-Co met the criteria to be classified as held for sale beginning September 30, 2023. For the period ended December 31, 2023, current assets and liabilities held for sale of $192,644 and $64,568, respectively, are presented in the condensed consolidated balance sheets. On September 30, 2024, a minority owned equity method investment held within the Climate & Sustainability Technologies segment was sold and the Company received its proportionate share of the proceeds amounting to $92,962. The sale resulted in a preliminary pre-tax gain of $68,712, subject to customary post-closing adjustments and included within the condensed consolidated statements of earnings for the three and nine months ended September 30, 2024. 2023 Dispositions There were no dispositions during the nine months ended September 30, 2023.

Inventories, net

Inventories, net	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventories, net	5. Inventories, net September 30, 2024 December 31, 2023 Raw materials $ 685,728 $ 648,896 Work in progress 254,568 214,934 Finished goods 405,035 395,617 Subtotal 1,345,331 1,259,447 Less reserves (131,063) (115,358) Total $ 1,214,268 $ 1,144,089

Property, Plant and Equipment,

Property, Plant and Equipment, net	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, net	6. Property, Plant and Equipment, net September 30, 2024 December 31, 2023 Land $ 65,164 $ 64,722 Buildings and improvements 631,262 592,136 Machinery, equipment and other 1,960,607 1,860,315 Property, plant and equipment, gross 2,657,033 2,517,173 Accumulated depreciation (1,661,267) (1,538,701) Property, plant and equipment, net $ 995,766 $ 978,472 Depreciation expense totaled $38,830 and $39,177 for the three months ended September 30, 2024 and 2023, respectively. For the nine months ended September 30, 2024 and 2023, depreciation expense totaled $115,210 and $113,620, respectively.

Credit Losses

Credit Losses	9 Months Ended
	Sep. 30, 2024
Credit Loss [Abstract]
Credit Losses	7. Credit Losses The Company is exposed to credit losses primarily through sales of products and services. Due to the short-term nature of such receivables, the estimate of the amount of accounts receivable that may not be collected is based on the aging of the accounts receivable balances and other historical and forward-looking information on the financial condition of customers. Balances are written off when determined to be uncollectible. The following table provides a rollforward of the allowance for credit losses deducted from accounts receivable that represent the net amount expected to be collected. 2024 2023 Balance at January 1 $ 30,679 $ 38,504 Provision for expected credit losses, net of recoveries 4,039 636 Amounts written off charged against the allowance (4,559) (4,848) Other, including foreign currency translation (63) (1,429) Balance at September 30 $ 30,096 $ 32,863

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	8. Goodwill and Other Intangible Assets The changes in the carrying value of goodwill by reportable operating segments were as follows: Engineered Products Clean Energy & Fueling Imaging & Identification Pumps & Process Solutions Climate & Sustainability Technologies Total Balance at January 1, 2024 $ 415,258 $ 1,409,302 $ 1,092,960 $ 1,208,571 $ 511,473 $ 4,637,564 Acquisitions 7,622 309,917 — — — 317,539 Measurement period adjustments — — — 227 371 598 Foreign currency translation 1,606 9,374 3,564 3,860 342 18,746 Balance at September 30, 2024 $ 424,486 $ 1,728,593 $ 1,096,524 $ 1,212,658 $ 512,186 $ 4,974,447 During the nine months ended September 30, 2024, the Company recognized additions of $317,539 to goodwill as a result of the acquisitions discussed in Note 3 — Acquisitions, and disposed of $58,663 of goodwill that was previously classified as held for sale as of December 31, 2023. See Note 4 — Discontinued and Disposed Operations for further details. The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows: September 30, 2024 December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets: Customer intangibles $ 2,378,879 $ 1,165,273 $ 1,213,606 $ 2,097,985 $ 1,064,609 $ 1,033,376 Trademarks 287,546 155,554 131,992 268,605 142,505 126,100 Patents 205,000 146,652 58,348 204,591 140,438 64,153 Unpatented technologies 274,712 167,721 106,991 244,042 151,944 92,098 Distributor relationships 83,450 67,976 15,474 82,031 63,343 18,688 Other 35,034 12,705 22,329 24,211 10,053 14,158 Total 3,264,621 1,715,881 1,548,740 2,921,465 1,572,892 1,348,573 Unamortized intangible assets: Trademarks 96,639 — 96,639 96,631 — 96,631 Total intangible assets, net $ 3,361,260 $ 1,715,881 $ 1,645,379 $ 3,018,096 $ 1,572,892 $ 1,445,204 For the three months ended September 30, 2024 and 2023, amortization expense was $47,838 and $38,205, respectively. For the nine months ended September 30, 2024 and 2023, amortization expense was $135,969 and $113,899, respectively. Amortization expense is primarily comprised of acquisition-related intangible amortization.

Restructuring Activities

Restructuring Activities	9 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring Activities	9. Restructuring Activities The Company's restructuring charges by segment were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Engineered Products $ 991 $ 938 $ 2,969 $ 5,415 Clean Energy & Fueling 8,544 (37) 15,434 15,954 Imaging & Identification 1,804 233 4,645 1,437 Pumps & Process Solutions 964 1,637 3,929 6,266 Climate & Sustainability Technologies 1,238 1,138 14,261 2,585 Corporate 296 476 391 1,603 Total $ 13,837 $ 4,385 $ 41,629 $ 33,260 These amounts are classified in the condensed consolidated statements of earnings as follows: Cost of goods and services $ 7,768 $ 1,198 $ 26,908 $ 10,353 Selling, general and administrative expenses 6,069 3,187 14,721 22,907 Total $ 13,837 $ 4,385 $ 41,629 $ 33,260 The restructuring expenses of $13,837 incurred during the three months ended September 30, 2024 were primarily related to exit costs and headcount reductions in the Clean Energy & Fueling segment. The restructuring expenses of $41,629 incurred during the nine months ended September 30, 2024 were primarily related to product line exit costs and headcount reductions in the Clean Energy & Fueling and Climate & Sustainability Technologies segments. These restructuring programs were initiated in 2023 and 2024 and the Company will continue to make proactive adjustments to its cost structure to align with current demand trends. The Company’s severance and exit accrual activities were as follows: Severance Exit Total Balance at January 1, 2024 $ 18,646 $ 3,113 $ 21,759 Restructuring charges 15,745 25,884 (1) 41,629 Payments (23,973) (7,625) (31,598) Other, including foreign currency translation (178) (16,828) (1) (17,006) Balance at September 30, 2024 $ 10,240 $ 4,544 $ 14,784 ( 1) Exit reserves activity includes non-cash asset charges related to a product line exit within the Climate & Sustainability Technologies segment.

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Borrowings	10. Borrowings Borrowings consist of the following: September 30, 2024 December 31, 2023 Short-term Commercial paper $ 378,600 $ 467,600 Other 695 682 Short-term borrowings $ 379,295 $ 468,282 During the nine months ended September 30, 2024, commercial paper borrowings decreased $89,000. The borrowings outstanding under the commercial paper program had a weighted average annual interest rate of 4.94% and 5.51% as of September 30, 2024 and December 31, 2023. Carrying amount (1) Principal September 30, 2024 December 31, 2023 Long-term 3.15% 10-year notes due November 15, 2025 $ 400,000 $ 399,242 $ 398,737 1.25% 10-year notes due November 9, 2026 (euro-denominated) € 600,000 665,676 657,628 0.750% 8-year notes due November 4, 2027 (euro-denominated) € 500,000 553,996 547,342 6.65% 30-year debentures due June 1, 2028 $ 200,000 199,632 199,557 2.950% 10-year notes due November 4, 2029 $ 300,000 298,071 297,787 5.375% 30-year debentures due October 15, 2035 $ 300,000 297,245 297,058 6.60% 30-year notes due March 15, 2038 $ 250,000 248,477 248,392 5.375% 30-year notes due March 1, 2041 $ 350,000 345,465 345,258 Other 16 — Total long-term debt $ 3,007,820 $ 2,991,759 (1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $9.5 million and $10.9 million as of September 30, 2024 and December 31, 2023, respectively. Total deferred debt issuance costs were $7.5 million and $8.9 million as of September 30, 2024 and December 31, 2023, respectively. The discounts are being amortized to interest expense using the effective interest method over the life of the issuances. The deferred issuance costs are amortized on a straight-line basis over the life of the debt, as this approximates the effective interest method. On April 6, 2023, the Company entered into a $1.0 billion five-year unsecured revolving credit facility and on April 4, 2024, the Company entered into a new $500.0 million 364-day unsecured revolving credit facility (together, the "Credit Agreements") with a syndicate of banks. The current 364-day credit facility replaced the previous $500.0 million 364-day credit facility, which expired on April 4, 2024. The lenders' commitments under the Credit Agreements will terminate and any outstanding loans under the Credit Agreements will mature on April 6, 2028 and April 3, 2025, respectively. The Company may elect to extend the maturity date of any loans under the new 364-day credit facility until April 3, 2026, subject to conditions specified therein. The Credit Agreements are designated as a liquidity back-stop for the Company's commercial paper program and also are available for general corporate purposes. At the Company's election, loans under the Credit Agreements will bear interest at a base rate plus an applicable margin. The Credit Agreements require the Company to pay facility fees and impose various restrictions on the Company such as, among other things, a requirement to maintain a minimum interest coverage ratio of consolidated EBITDA to consolidated net interest expense of not less than 3.0 to 1. As of September 30, 2024 and December 31, 2023, there were no outstanding borrowings under the five-year, current or previous 364-day credit facilities. The Company was in compliance with all covenants in the Credit Agreements and other long-term debt covenants at September 30, 2024 and had an interest coverage ratio of consolidated EBITDA to consolidated net interest expense of 20.7 to 1. Letters of Credit and other Guarantees As of September 30, 2024, the Company had approximately $160.0 million outstanding in letters of credit, surety bonds, and performance and other guarantees which primarily expire on various dates through 2035. 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, the probability of which is believed to be remote.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	11. 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 which 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, 2024 and December 31, 2023, the Company had contracts with total notional amounts of $153,054 and $171,425, respectively, to exchange currencies, principally euro, pound sterling, Swedish krona, Canadian dollar, Chinese yuan, 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 $91,892 and $84,867 as of September 30, 2024 and December 31, 2023, 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, 2024 and December 31, 2023 and the balance sheet lines in which they are recorded: Fair Value Asset (Liability) September 30, 2024 December 31, 2023 Balance Sheet Caption Foreign currency forward $ 1,188 $ 1,675 Prepaid and other current assets Foreign currency forward (1,531) (874) Other accrued expenses For a cash flow hedge, the change in estimated fair value of a hedging instrument is recorded in accumulated other comprehensive earnings (loss), net of tax as a separate component of the condensed consolidated statements of stockholders' equity and is reclassified into revenues or cost of goods and services in the condensed consolidated statements of earnings during the period in which the hedged transaction is settled. 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 €500,000 of euro-denominated notes issued November 9, 2016 and November 4, 2019, 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 (loss) of the condensed consolidated statements of comprehensive earnings to offset changes in the value of the net investment in euro-denominated operations. Changes in the value of the euro-denominated debt resulting from exchange rate differences are offset by changes in the net investment due to the high degree of effectiveness between the hedging instruments and the exposure being hedged. 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, 2024 2023 2024 2023 Gain (loss) on euro-denominated debt $ (45,956) $ 32,773 $ (13,201) $ 262 Tax (expense) benefit 10,468 (7,274) 3,008 (58) Net gain (loss) on net investment hedges, net of tax $ (35,488) $ 25,499 $ (10,193) $ 204 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 as follows: 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, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 Level 2 Level 2 Assets: Foreign currency cash flow hedges $ 1,188 $ 1,675 Liabilities: Foreign currency cash flow hedges 1,531 874 The derivative contracts are measured at fair value using models based on observable market inputs such as foreign currency exchange rates and interest rates; therefore, they are classified within Level 2 of the fair value hierarchy. In addition to fair value disclosure requirements related to financial instruments carried at fair value, accounting standards require disclosures regarding the fair value of all of the Company's financial instruments. The estimated fair value of long-term debt at September 30, 2024 and December 31, 2023 , w as $3,025,107 and $2,950,401, 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 short-term borrowings approximate their fair values as of September 30, 2024 and December 31, 2023 due to the short-term nature of these instruments.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	12. Income Taxes The effective tax rates for the three months ended September 30, 2024 and 2023 were 19.0% and 17.7% , r espectively. The increase in the effective tax rate for the three months ended September 30, 2024 relative to the prior year comparable period was primarily driven by a gain on disposition. The effective tax rates for the nine months ended September 30, 2024 and 2023 were 20.1% and 18.7%, respectively. The increase in the effective tax rate for the nine months ended September 30, 2024 relative to the prior year comparable period was primarily driven by gains on dispositions. 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 $0 to $3,751.

Equity Incentive Program

Equity Incentive Program	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Equity Incentive Program	13. Equity Incentive Program The Company typically makes its annual grants of equity awards pursuant to actions taken by the Compensation Committee of the Board of Directors at its regularly scheduled first quarter meeting. During the nine months ended September 30, 2024, the Company issued stock-settled appreciation rights ("SARs") covering 345,354 shares, performance share awards ("PSAs") of 43,602 and restricted stock units ("RSUs") of 87,755. During the nine months ended September 30, 2023, the Company issued SARs covering 349,491 shares, PSAs of 43,656 and RSUs of 85,053. 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 awards is based on the U.S. Treasury yield curve in effect at the time of grant. The assumptions used in determining the fair value of the SARs awarded during the respective periods were as follows: SARs 2024 2023 Risk-free interest rate 4.13 % 3.91 % Dividend yield 1.28 % 1.32 % Expected life (years) 5.5 5.4 Volatility 31.32 % 30.65 % Grant price $160.11 $153.25 Fair value per share at date of grant $51.17 $47.27 The PSAs granted in 2024 vest based on the attainment of two equally weighted measures: (i) Dover’s performance relative to established internal metrics (performance condition) and (ii) Dover's performance relative to its peer group (companies listed under the S&P 500 Industrials sector; market condition). The grant date fair value of the performance condition portion is determined using Dover’s closing stock price at the date of grant and the amount of expense recognized over the vesting period is subject to adjustment based on the expected attainment of the performance condition. The fair value per share at the date of grant for the 2024 performance condition portion is $177.19. The grant date fair value of the 2024 market condition portion, and all 2023 PSAs, is determined using the Monte Carlo simulation model. The amount of expense recognized over the vesting period is not subject to change based on future market conditions. The assumptions used in the Monte Carlo model to determine the fair value of the PSAs granted in the respective periods were as follows: PSAs 2024 2023 Risk-free interest rate 4.37 % 4.28 % Dividend yield 1.15 % 1.32 % Expected life (years) 2.8 2.9 Volatility 23.30 % 27.30 % Grant price $177.19 $153.25 Fair value per share at date of grant $287.62 $249.48 The performance and vesting periods for all 2024 and 2023 PSAs is three years. 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, which was $160.11 and $153.25 for RSUs granted in 2024 and 2023, respectively. Stock-based compensation is reported within selling, general and administrative expenses 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, 2024 2023 2024 2023 Pre-tax stock-based compensation expense $ 8,187 $ 6,687 $ 32,297 $ 24,836 Tax benefit (729) (692) (3,141) (2,536) Total stock-based compensation expense, net of tax $ 7,458 $ 5,995 $ 29,156 $ 22,300 Pre-tax stock-based compensation expense attributable to discontinued operations was $103 and $58 for the three months ended September 30, 2024 and 2023, respectively, and $672 and $632 for the nine months ended September 30, 2024 and 2023, respectively. These expenses are included within stock-based compensation expense in the condensed consolidated statements of stockholders' equity. See Note 4 — Discontinued and Disposed Operations for further details.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	14. Commitments and Contingent Liabilities Litigation A few of the Company’s subsidiaries are involved in legal proceedings relating to the cleanup of waste disposal sites identified under federal and state statutes which provide for the allocation of such costs among "potentially responsible parties." In each instance, the extent of the Company’s liability appears to be relatively insignificant 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, a few 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 estimated liabilities have been established. At September 30, 2024 and December 31, 2023, these estimated liabilities for environmental and other matters, including private party claims for exposure to hazardous substances that are probable and estimable, were not significant. The Company and some 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 consider the availability and extent of insurance coverage. The Company has estimated liabilities for these other legal matters that are probable and estimable, and at September 30, 2024 and December 31, 2023, these estimated liabilities were immaterial. 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 sheets. The changes in the carrying amount of product warranties through September 30, 2024 and 2023, were as follows: 2024 2023 Balance at January 1 $ 42,243 $ 43,056 Provision for warranties 42,686 36,208 Settlements made (40,482) (37,588) Other adjustments, including acquisitions and currency translation (1,260) (332) Balance at September 30 $ 43,187 $ 41,344

Other Comprehensive Earnings

Other Comprehensive Earnings	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Other Comprehensive Earnings	15. Other Comprehensive Earnings Amounts reclassified from accumulated other comprehensive earnings (loss) to earnings during the three and nine months ended September 30, 2024 and 2023 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Foreign currency translation: Reclassification of foreign currency translation losses to earnings $ — $ — $ 13,931 $ — Tax benefit — — — — Net of tax $ — $ — $ 13,931 $ — Pension plans: Amortization of actuarial gain $ (468) $ (632) $ (1,418) $ (1,912) Amortization of prior service (credits) costs (193) 279 (568) 851 Total before tax (661) (353) (1,986) (1,061) Tax provision 138 82 415 247 Net of tax $ (523) $ (271) $ (1,571) $ (814) Cash flow hedges: Net loss (gain) reclassified into earnings $ 24 $ 450 $ (854) $ 2,568 Tax provision (benefit) 15 (81) 189 (501) Net of tax $ 39 $ 369 $ (665) $ 2,067 The Company recognizes the amortization of net actuarial gains and losses and prior service costs and credits in other income, net within the condensed consolidated statements of earnings.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Information	16. Segment Information The Company categorizes its operating companies into five reportable segments as follows: • Engineered Products segment provides a wide range of equipment, components, software, solutions and services to the vehicle aftermarket, aerospace and defense, industrial winch and hoist, and fluid dispensing end-markets. • Clean Energy & Fueling segment provides components, equipment, software solutions and services enabling safe and reliable storage, transport and dispensing of traditional and clean fuels (including liquefied natural gas, hydrogen, and electric vehicle charging), cryogenic gases, and other hazardous substances along the supply chain, and safe and efficient operation of convenience retail, retail fueling and vehicle wash establishments. • Imaging & Identification segment supplies precision marking and coding, product traceability, brand protection and digital textile printing equipment, as well as related consumables, software and services to the global packaged and consumer goods, pharmaceutical, industrial manufacturing, textile and other end-markets. • Pumps & Process Solutions segment manufactures specialty pumps and flow meters, fluid transfer connectors, highly engineered precision components, instruments and digital controls for rotating and reciprocating machines, polymer processing equipment, serving single-use biopharmaceutical production, diversified industrial manufacturing applications, chemical production, plastics and polymer processing, midstream and downstream oil and gas, clean energy markets, thermal management, food and beverage, semiconductor production and medical applications and other end-markets. • Climate & Sustainability Technologies segment is a provider of innovative and energy-efficient equipment, components and parts for the commercial refrigeration, heating and cooling and beverage can-making equipment end-markets. Management uses segment earnings to evaluate segment performance and allocate resources. Segment earnings is defined as earnings before purchase accounting expenses, restructuring and other costs (benefits), loss (gain) on disposition, disposition costs, corporate expenses/other, interest expense, interest income and provision for income taxes. Segment financial information and a reconciliation of segment results to consolidated results were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenue: Engineered Products $ 296,117 $ 309,431 $ 914,234 $ 922,794 Clean Energy & Fueling 500,685 466,959 1,408,752 1,338,854 Imaging & Identification 283,966 276,179 848,365 831,202 Pumps & Process Solutions 472,463 431,373 1,415,431 1,310,880 Climate & Sustainability Technologies 431,127 475,911 1,232,125 1,380,237 Intersegment eliminations (816) (1,425) (2,864) (4,303) Total consolidated revenue $ 1,983,542 $ 1,958,428 $ 5,816,043 $ 5,779,664 Earnings from continuing operations: Segment earnings: Engineered Products $ 56,621 $ 63,525 $ 171,248 $ 156,461 Clean Energy & Fueling 99,536 92,483 256,747 249,704 Imaging & Identification 77,247 70,316 222,992 199,967 Pumps & Process Solutions 138,277 117,907 394,231 362,488 Climate & Sustainability Technologies 76,015 84,060 205,901 233,912 Total segment earnings 447,696 428,291 1,251,119 1,202,532 Purchase accounting expenses (1) 48,356 38,956 136,875 118,203 Restructuring and other costs (2) 16,581 11,581 52,142 43,777 Gain on dispositions (3) (68,633) — (597,913) — Corporate expense / other (4) 36,110 30,937 117,795 105,376 Interest expense 34,128 32,390 102,867 100,407 Interest income (5,176) (3,808) (14,013) (8,552) Earnings before provision for income taxes 386,330 318,235 1,453,366 843,321 Provision for income taxes 73,434 56,252 291,781 157,636 Earnings from continuing operations $ 312,896 $ 261,983 $ 1,161,585 $ 685,685 (1) Purchase accounting expenses are primarily comprised of amortization of acquired intangible assets. (2) Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Restructuring and other costs consist of the following: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Restructuring $ 13,837 $ 4,385 $ 41,629 $ 33,260 Other costs, net 2,744 7,196 10,513 10,517 Restructuring and other costs $ 16,581 $ 11,581 $ 52,142 $ 43,777 (3) Gain on dispositions including post-closing adjustments, see Note 4 — Discontinued and Disposed Operations for further details. (4) 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 and digital overhead costs, deal related expenses and various administrative expenses relating to the corporate headquarters. The following table presents revenue disaggregated by geography based on the location of the Company's customers: Three Months Ended September 30, Nine Months Ended September 30, Revenue by geography 2024 2023 2024 2023 United States $ 1,099,830 $ 991,661 $ 3,185,188 $ 2,972,261 Europe 406,556 433,066 1,250,813 1,312,165 Asia 206,548 235,184 609,848 680,539 Other Americas 190,829 182,808 551,839 518,908 Other 79,779 115,709 218,355 295,791 Total $ 1,983,542 $ 1,958,428 $ 5,816,043 $ 5,779,664

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Stockholders' Equity	17. Stockholders' Equity Share Repurchases In August 2023, the Company's Board of Directors approved a new standing share repurchase authorization whereby the Company may repurchase up to 20 million shares beginning on January 1, 2024 through December 31, 2026. On February 29, 2024, the Company entered into a $500,000 accelerated share repurchase agreement (the "ASR Agreement") with Citibank, N.A. ("Citibank") to repurchase its shares in an accelerated share repurchase program (the "ASR Program"). The ASR Program is classified as equity, initially recorded at fair value with no subsequent remeasurement. The Company conducted the ASR Program under the current share repurchase authorization. The Company funded the ASR Program with proceeds from commercial paper. Under the terms of the ASR Agreement, the Company paid Citibank $500,000 on March 1, 2024 and on that date received initial delivery of 2,569,839 shares, representing a substantial majority of the shares expected to be retired over the course of the ASR Agreement. In July 2024, Citibank delivered 299,443 additional shares which completed the ASR Program. During 2024, the Company received a total of 2,869,282 shares upon completion 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 $174.26 over the term of the ASR Program. In the three and nine months ended September 30, 2024 and 2023, exclusive of the ASR Program, there were no share repurchases. As of September 30, 2024, 17,130,718 shares remain authorized for repurchase under the August 2023 share repurchase authorization.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings per Share	18. 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, 2024 2023 2024 2023 Earnings from continuing operations $ 312,896 $ 261,983 $ 1,161,585 $ 685,685 Earnings from discontinued operations, net 34,204 27,770 99,558 74,881 Net earnings $ 347,100 $ 289,753 $ 1,261,143 $ 760,566 Basic earnings per common share: Earnings from continuing operations $ 2.28 $ 1.87 $ 8.42 $ 4.90 Earnings from discontinued operations, net $ 0.25 $ 0.20 $ 0.72 $ 0.54 Net earnings $ 2.53 $ 2.07 $ 9.14 $ 5.44 Weighted average shares outstanding 137,251,000 139,878,000 137,913,000 139,833,000 Diluted earnings per common share: Earnings from continuing operations $ 2.26 $ 1.86 $ 8.37 $ 4.88 Earnings from discontinued operations, net $ 0.25 $ 0.20 $ 0.72 $ 0.53 Net earnings $ 2.51 $ 2.06 $ 9.08 $ 5.41 Weighted average shares outstanding 138,223,000 140,615,000 138,830,000 140,603,000 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, 2024 2023 2024 2023 Weighted average shares outstanding - basic 137,251,000 139,878,000 137,913,000 139,833,000 Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs 972,000 737,000 917,000 770,000 Weighted average shares outstanding - diluted 138,223,000 140,615,000 138,830,000 140,603,000 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 44,000 and 39,000 for the three months ended September 30, 2024 and 2023, respectively, and 63,000 and 54,000 for the nine months ended September 30, 2024 and 2023, respectively.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2024
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	19. Recent Accounting Pronouncements Recently Issued Accounting Standards In December 2023, the FASB issued ASU No. 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands the disclosures required in an entity’s income tax rate reconciliation table and requires disclosure of income taxes paid both in U.S. and foreign jurisdictions. The amendments are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating this ASU to determine its impact on the Company's disclosures. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendment requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. The amendments are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating this ASU to determine its impact on the Company's disclosures. Recently Adopted Accounting Standard In September 2022, the FASB issued ASU No. 2022-04 Liabilities-Supplier Finance Programs (Topic 405-50): Disclosure of Supplier Finance Program Obligations. The amendments in this update require a buyer in a supplier finance program to disclose information about the program's nature, activity during the period, changes from period to period, and potential magnitude. The Company adopted the guidance when it became effective on January 1, 2023, except for the rollforward requirement, which was adopted when it became effective January 1, 2024. The adoption did not have a material impact on the Company's condensed consolidated financial statements. The Company facilitates the opportunity for suppliers to participate in a voluntary supply chain financing ("SCF") program with a third-party financial institution. Participating suppliers are paid directly by the SCF financial institution and, in addition, may elect to sell receivables due from the Company to the SCF financial institution for early payment. Thus, participating suppliers have additional potential flexibility in managing their liquidity by accelerating, at their option and cost, collection of receivables due from the Company. The Company and its suppliers agree on commercial terms, including payment terms, for the goods and services the Company procures, regardless of whether the supplier participates in SCF. For participating suppliers, the Company’s responsibility is limited to making all payments to the SCF financial institution on the terms originally negotiated with the supplier, irrespective of whether the supplier elects to sell receivables to the SCF financial institution. The Company does not determine the terms or conditions of the arrangement between the SCF financial institution and the Company's suppliers. The SCF financial institution pays the supplier on the invoice due date for any invoices that were not previously sold by the supplier. The agreement between the Company and the SCF financial institution does not require the Company to provide assets pledged as security or other forms of guarantees. Outstanding payments related to the SCF program are recorded within accounts payable in our condensed consolidated balance sheets. As of the September 30, 2024 and December 31, 2023 amounts due to the SCF financial institution were approximately $131,534 and $156,245, respectively.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	20. Subsequent Events On October 8, 2024, the Company completed the previously announced sale of the ESG business, an operating company within the Engineered Products segment, for total consideration, net of cash transferred, of $2.0 billion, subject to customary post-closing adjustments. The initial accounting for the disposition is incomplete as a result of the timing of the transaction. Accordingly, it is impracticable for us to disclose the estimated gain on disposition. See Note 4 — Discontinued and Disposed Operations for further details.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net earnings	$ 347,100	$ 289,753	$ 1,261,143	$ 760,566

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Changes and Error Corrections [Abstract]
Recently Issued and Adopted Accounting Standard	Recently Issued Accounting Standards In December 2023, the FASB issued ASU No. 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands the disclosures required in an entity’s income tax rate reconciliation table and requires disclosure of income taxes paid both in U.S. and foreign jurisdictions. The amendments are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating this ASU to determine its impact on the Company's disclosures. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendment requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. The amendments are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating this ASU to determine its impact on the Company's disclosures. Recently Adopted Accounting Standard In September 2022, the FASB issued ASU No. 2022-04 Liabilities-Supplier Finance Programs (Topic 405-50): Disclosure of Supplier Finance Program Obligations. The amendments in this update require a buyer in a supplier finance program to disclose information about the program's nature, activity during the period, changes from period to period, and potential magnitude. The Company adopted the guidance when it became effective on January 1, 2023, except for the rollforward requirement, which was adopted when it became effective January 1, 2024. The adoption did not have a material impact on the Company's condensed consolidated financial statements. The Company facilitates the opportunity for suppliers to participate in a voluntary supply chain financing ("SCF") program with a third-party financial institution. Participating suppliers are paid directly by the SCF financial institution and, in addition, may elect to sell receivables due from the Company to the SCF financial institution for early payment. Thus, participating suppliers have additional potential flexibility in managing their liquidity by accelerating, at their option and cost, collection of receivables due from the Company. The Company and its suppliers agree on commercial terms, including payment terms, for the goods and services the Company procures, regardless of whether the supplier participates in SCF. For participating suppliers, the Company’s responsibility is limited to making all payments to the SCF financial institution on the terms originally negotiated with the supplier, irrespective of whether the supplier elects to sell receivables to the SCF financial institution. The Company does not determine the terms or conditions of the arrangement between the SCF financial institution and the Company's suppliers. The SCF financial institution pays the supplier on the invoice due date for any invoices that were not previously sold by the supplier. The agreement between the Company and the SCF financial institution does not require the Company to provide assets pledged as security or other forms of guarantees. Outstanding payments related to the SCF program are recorded within accounts payable in our condensed consolidated balance sheets. As of the September 30, 2024 and December 31, 2023 amounts due to the SCF financial institution were approximately $131,534 and $156,245, respectively.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Contract Assets and Contracts Liabilities	The following table provides information about contract assets and contract liabilities from contracts with customers: September 30, 2024 December 31, 2023 December 31, 2022 Contract assets - current $ 12,852 $ 19,561 $ 11,074 Contract liabilities - current 185,055 194,798 241,595 Contract liabilities - non-current 15,449 7,098 6,417

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following presents the preliminary allocation of purchase price to the assets acquired and liabilities assumed, for the MEC 2024 acquisition, based on the estimated fair values at acquisition date: Total Current assets, net of cash acquired $ 58,637 Property, plant and equipment 10,300 Goodwill 183,878 Intangible assets 194,100 Other assets and deferred charges 5,602 Current liabilities (17,896) Non-current liabilities (42,479) Net assets acquired $ 392,142 The following presents, for the six acquisitions other than MEC, 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 $ 25,873 Property, plant and equipment 5,038 Goodwill 133,661 Intangible assets 126,358 Other assets and deferred charges 9,520 Current liabilities (14,934) Non-current liabilities (41,268) Net assets acquired $ 244,248
Schedule of Goodwill and Major Intangible Assets Acquired	The amounts assigned to goodwill and major intangible asset classifications for all 2024 acquisitions were as follows: Amount allocated Useful life Goodwill - non-deductible $ 317,539 na Customer intangibles 273,625 9 - 15 Unpatented technologies 29,021 5 - 8 Trademarks 17,812 15 $ 637,997

Discontinued and Disposed Ope_2

Discontinued and Disposed Operations (Tables)	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Company Discontinued Operation And Assets and Liabilities Classified as Held for Sale	Summarized results of the Company's discontinued operations are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenue $ 231,777 $ 194,840 $ 671,479 $ 552,713 Cost of goods and services 164,115 141,206 474,705 402,484 Gross profit 67,662 53,634 196,774 150,229 Selling, general and administrative expenses 24,318 17,407 67,599 52,776 Operating earnings 43,344 36,227 129,175 97,453 Other (income) expense, net (1) — 696 (1) Earnings from discontinued operations before provision for income taxes 43,345 36,227 128,479 97,454 Provision for income taxes 9,141 8,457 28,921 22,573 Earnings from discontinued operations, net $ 34,204 $ 27,770 $ 99,558 $ 74,881 Assets and liabilities that were held for sale are summarized below: September 30, 2024 December 31, 2023 Assets: Cash and cash equivalents $ 10,000 $ — Receivables, net 138,531 110,933 Inventories, net 79,986 81,363 Prepaid and other current assets 2,156 2,190 Property, plant and equipment, net 69,301 53,344 Goodwill 244,123 244,123 Intangible assets, net 35,536 38,709 Other assets and deferred charges 3,528 5,778 Total assets held for sale $ 583,161 $ 536,440 Liabilities: Accounts payable $ 128,886 $ 104,077 Other current liabilities 55,217 48,936 Other non-current liabilities 34,385 35,058 Total liabilities held for sale $ 218,488 $ 188,071

Inventories, net (Tables)

Inventories, net (Tables)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Components of Inventory	September 30, 2024 December 31, 2023 Raw materials $ 685,728 $ 648,896 Work in progress 254,568 214,934 Finished goods 405,035 395,617 Subtotal 1,345,331 1,259,447 Less reserves (131,063) (115,358) Total $ 1,214,268 $ 1,144,089

Property, Plant and Equipment_2

Property, Plant and Equipment, net (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Components of Property, Plant and Equipment, net	September 30, 2024 December 31, 2023 Land $ 65,164 $ 64,722 Buildings and improvements 631,262 592,136 Machinery, equipment and other 1,960,607 1,860,315 Property, plant and equipment, gross 2,657,033 2,517,173 Accumulated depreciation (1,661,267) (1,538,701) Property, plant and equipment, net $ 995,766 $ 978,472

Credit Losses (Tables)

Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Credit Loss [Abstract]
Schedule of Rollforward of Allowance for Credit Losses	The following table provides a rollforward of the allowance for credit losses deducted from accounts receivable that represent the net amount expected to be collected. 2024 2023 Balance at January 1 $ 30,679 $ 38,504 Provision for expected credit losses, net of recoveries 4,039 636 Amounts written off charged against the allowance (4,559) (4,848) Other, including foreign currency translation (63) (1,429) Balance at September 30 $ 30,096 $ 32,863

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in the Carrying Value of Goodwill	The changes in the carrying value of goodwill by reportable operating segments were as follows: Engineered Products Clean Energy & Fueling Imaging & Identification Pumps & Process Solutions Climate & Sustainability Technologies Total Balance at January 1, 2024 $ 415,258 $ 1,409,302 $ 1,092,960 $ 1,208,571 $ 511,473 $ 4,637,564 Acquisitions 7,622 309,917 — — — 317,539 Measurement period adjustments — — — 227 371 598 Foreign currency translation 1,606 9,374 3,564 3,860 342 18,746 Balance at September 30, 2024 $ 424,486 $ 1,728,593 $ 1,096,524 $ 1,212,658 $ 512,186 $ 4,974,447
Schedule of Definite-lived Intangible Assets	The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows: September 30, 2024 December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets: Customer intangibles $ 2,378,879 $ 1,165,273 $ 1,213,606 $ 2,097,985 $ 1,064,609 $ 1,033,376 Trademarks 287,546 155,554 131,992 268,605 142,505 126,100 Patents 205,000 146,652 58,348 204,591 140,438 64,153 Unpatented technologies 274,712 167,721 106,991 244,042 151,944 92,098 Distributor relationships 83,450 67,976 15,474 82,031 63,343 18,688 Other 35,034 12,705 22,329 24,211 10,053 14,158 Total 3,264,621 1,715,881 1,548,740 2,921,465 1,572,892 1,348,573 Unamortized intangible assets: Trademarks 96,639 — 96,639 96,631 — 96,631 Total intangible assets, net $ 3,361,260 $ 1,715,881 $ 1,645,379 $ 3,018,096 $ 1,572,892 $ 1,445,204
Schedule of Indefinite-lived Intangible Assets	The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows: September 30, 2024 December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets: Customer intangibles $ 2,378,879 $ 1,165,273 $ 1,213,606 $ 2,097,985 $ 1,064,609 $ 1,033,376 Trademarks 287,546 155,554 131,992 268,605 142,505 126,100 Patents 205,000 146,652 58,348 204,591 140,438 64,153 Unpatented technologies 274,712 167,721 106,991 244,042 151,944 92,098 Distributor relationships 83,450 67,976 15,474 82,031 63,343 18,688 Other 35,034 12,705 22,329 24,211 10,053 14,158 Total 3,264,621 1,715,881 1,548,740 2,921,465 1,572,892 1,348,573 Unamortized intangible assets: Trademarks 96,639 — 96,639 96,631 — 96,631 Total intangible assets, net $ 3,361,260 $ 1,715,881 $ 1,645,379 $ 3,018,096 $ 1,572,892 $ 1,445,204

Restructuring Activities (Table

Restructuring Activities (Tables)	9 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Charges by Segment	The Company's restructuring charges by segment were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Engineered Products $ 991 $ 938 $ 2,969 $ 5,415 Clean Energy & Fueling 8,544 (37) 15,434 15,954 Imaging & Identification 1,804 233 4,645 1,437 Pumps & Process Solutions 964 1,637 3,929 6,266 Climate & Sustainability Technologies 1,238 1,138 14,261 2,585 Corporate 296 476 391 1,603 Total $ 13,837 $ 4,385 $ 41,629 $ 33,260 These amounts are classified in the condensed consolidated statements of earnings as follows: Cost of goods and services $ 7,768 $ 1,198 $ 26,908 $ 10,353 Selling, general and administrative expenses 6,069 3,187 14,721 22,907 Total $ 13,837 $ 4,385 $ 41,629 $ 33,260
Schedule of Severance and Exit Accrual Activities	The Company’s severance and exit accrual activities were as follows: Severance Exit Total Balance at January 1, 2024 $ 18,646 $ 3,113 $ 21,759 Restructuring charges 15,745 25,884 (1) 41,629 Payments (23,973) (7,625) (31,598) Other, including foreign currency translation (178) (16,828) (1) (17,006) Balance at September 30, 2024 $ 10,240 $ 4,544 $ 14,784 ( 1) Exit reserves activity includes non-cash asset charges related to a product line exit within the Climate & Sustainability Technologies segment.

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Short-term Debt	Borrowings consist of the following: September 30, 2024 December 31, 2023 Short-term Commercial paper $ 378,600 $ 467,600 Other 695 682 Short-term borrowings $ 379,295 $ 468,282
Schedule of Long-term Debt	Carrying amount (1) Principal September 30, 2024 December 31, 2023 Long-term 3.15% 10-year notes due November 15, 2025 $ 400,000 $ 399,242 $ 398,737 1.25% 10-year notes due November 9, 2026 (euro-denominated) € 600,000 665,676 657,628 0.750% 8-year notes due November 4, 2027 (euro-denominated) € 500,000 553,996 547,342 6.65% 30-year debentures due June 1, 2028 $ 200,000 199,632 199,557 2.950% 10-year notes due November 4, 2029 $ 300,000 298,071 297,787 5.375% 30-year debentures due October 15, 2035 $ 300,000 297,245 297,058 6.60% 30-year notes due March 15, 2038 $ 250,000 248,477 248,392 5.375% 30-year notes due March 1, 2041 $ 350,000 345,465 345,258 Other 16 — Total long-term debt $ 3,007,820 $ 2,991,759 (1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $9.5 million and $10.9 million as of September 30, 2024 and December 31, 2023, respectively. Total deferred debt issuance costs were $7.5 million and $8.9 million as of September 30, 2024 and December 31, 2023, respectively.

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of 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, 2024 and December 31, 2023 and the balance sheet lines in which they are recorded: Fair Value Asset (Liability) September 30, 2024 December 31, 2023 Balance Sheet Caption Foreign currency forward $ 1,188 $ 1,675 Prepaid and other current assets Foreign currency forward (1,531) (874) Other accrued expenses
Schedule of Other Comprehensive Earnings for the Gains on Net Investment Hedges	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, 2024 2023 2024 2023 Gain (loss) on euro-denominated debt $ (45,956) $ 32,773 $ (13,201) $ 262 Tax (expense) benefit 10,468 (7,274) 3,008 (58) Net gain (loss) on net investment hedges, net of tax $ (35,488) $ 25,499 $ (10,193) $ 204
Schedule of 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, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 Level 2 Level 2 Assets: Foreign currency cash flow hedges $ 1,188 $ 1,675 Liabilities: Foreign currency cash flow hedges 1,531 874

Equity Incentive Program (Table

Equity Incentive Program (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Assumptions Used in Determining the Fair Value	The assumptions used in determining the fair value of the SARs awarded during the respective periods were as follows: SARs 2024 2023 Risk-free interest rate 4.13 % 3.91 % Dividend yield 1.28 % 1.32 % Expected life (years) 5.5 5.4 Volatility 31.32 % 30.65 % Grant price $160.11 $153.25 Fair value per share at date of grant $51.17 $47.27 PSAs 2024 2023 Risk-free interest rate 4.37 % 4.28 % Dividend yield 1.15 % 1.32 % Expected life (years) 2.8 2.9 Volatility 23.30 % 27.30 % Grant price $177.19 $153.25 Fair value per share at date of grant $287.62 $249.48
Schedule of Stock-based Incentive Plans Compensation Expense	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, 2024 2023 2024 2023 Pre-tax stock-based compensation expense $ 8,187 $ 6,687 $ 32,297 $ 24,836 Tax benefit (729) (692) (3,141) (2,536) Total stock-based compensation expense, net of tax $ 7,458 $ 5,995 $ 29,156 $ 22,300

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Changes in the Carrying Amount of Product Warranties	The changes in the carrying amount of product warranties through September 30, 2024 and 2023, were as follows: 2024 2023 Balance at January 1 $ 42,243 $ 43,056 Provision for warranties 42,686 36,208 Settlements made (40,482) (37,588) Other adjustments, including acquisitions and currency translation (1,260) (332) Balance at September 30 $ 43,187 $ 41,344

Other Comprehensive Earnings (T

Other Comprehensive Earnings (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of Amounts Reclassified From Accumulated Other Comprehensive Earnings (Loss)	Amounts reclassified from accumulated other comprehensive earnings (loss) to earnings during the three and nine months ended September 30, 2024 and 2023 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Foreign currency translation: Reclassification of foreign currency translation losses to earnings $ — $ — $ 13,931 $ — Tax benefit — — — — Net of tax $ — $ — $ 13,931 $ — Pension plans: Amortization of actuarial gain $ (468) $ (632) $ (1,418) $ (1,912) Amortization of prior service (credits) costs (193) 279 (568) 851 Total before tax (661) (353) (1,986) (1,061) Tax provision 138 82 415 247 Net of tax $ (523) $ (271) $ (1,571) $ (814) Cash flow hedges: Net loss (gain) reclassified into earnings $ 24 $ 450 $ (854) $ 2,568 Tax provision (benefit) 15 (81) 189 (501) Net of tax $ 39 $ 369 $ (665) $ 2,067

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Financial Information and a Reconciliation of Segment	Segment financial information and a reconciliation of segment results to consolidated results were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenue: Engineered Products $ 296,117 $ 309,431 $ 914,234 $ 922,794 Clean Energy & Fueling 500,685 466,959 1,408,752 1,338,854 Imaging & Identification 283,966 276,179 848,365 831,202 Pumps & Process Solutions 472,463 431,373 1,415,431 1,310,880 Climate & Sustainability Technologies 431,127 475,911 1,232,125 1,380,237 Intersegment eliminations (816) (1,425) (2,864) (4,303) Total consolidated revenue $ 1,983,542 $ 1,958,428 $ 5,816,043 $ 5,779,664 Earnings from continuing operations: Segment earnings: Engineered Products $ 56,621 $ 63,525 $ 171,248 $ 156,461 Clean Energy & Fueling 99,536 92,483 256,747 249,704 Imaging & Identification 77,247 70,316 222,992 199,967 Pumps & Process Solutions 138,277 117,907 394,231 362,488 Climate & Sustainability Technologies 76,015 84,060 205,901 233,912 Total segment earnings 447,696 428,291 1,251,119 1,202,532 Purchase accounting expenses (1) 48,356 38,956 136,875 118,203 Restructuring and other costs (2) 16,581 11,581 52,142 43,777 Gain on dispositions (3) (68,633) — (597,913) — Corporate expense / other (4) 36,110 30,937 117,795 105,376 Interest expense 34,128 32,390 102,867 100,407 Interest income (5,176) (3,808) (14,013) (8,552) Earnings before provision for income taxes 386,330 318,235 1,453,366 843,321 Provision for income taxes 73,434 56,252 291,781 157,636 Earnings from continuing operations $ 312,896 $ 261,983 $ 1,161,585 $ 685,685 (1) Purchase accounting expenses are primarily comprised of amortization of acquired intangible assets. (2) Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Restructuring and other costs consist of the following: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Restructuring $ 13,837 $ 4,385 $ 41,629 $ 33,260 Other costs, net 2,744 7,196 10,513 10,517 Restructuring and other costs $ 16,581 $ 11,581 $ 52,142 $ 43,777 (3) Gain on dispositions including post-closing adjustments, see Note 4 — Discontinued and Disposed Operations for further details. (4) 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 and digital overhead costs, deal related expenses and various administrative expenses relating to the corporate headquarters.
Schedule of Revenue Disaggregated by Geography based on the Location	The following table presents revenue disaggregated by geography based on the location of the Company's customers: Three Months Ended September 30, Nine Months Ended September 30, Revenue by geography 2024 2023 2024 2023 United States $ 1,099,830 $ 991,661 $ 3,185,188 $ 2,972,261 Europe 406,556 433,066 1,250,813 1,312,165 Asia 206,548 235,184 609,848 680,539 Other Americas 190,829 182,808 551,839 518,908 Other 79,779 115,709 218,355 295,791 Total $ 1,983,542 $ 1,958,428 $ 5,816,043 $ 5,779,664

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of 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, 2024 2023 2024 2023 Earnings from continuing operations $ 312,896 $ 261,983 $ 1,161,585 $ 685,685 Earnings from discontinued operations, net 34,204 27,770 99,558 74,881 Net earnings $ 347,100 $ 289,753 $ 1,261,143 $ 760,566 Basic earnings per common share: Earnings from continuing operations $ 2.28 $ 1.87 $ 8.42 $ 4.90 Earnings from discontinued operations, net $ 0.25 $ 0.20 $ 0.72 $ 0.54 Net earnings $ 2.53 $ 2.07 $ 9.14 $ 5.44 Weighted average shares outstanding 137,251,000 139,878,000 137,913,000 139,833,000 Diluted earnings per common share: Earnings from continuing operations $ 2.26 $ 1.86 $ 8.37 $ 4.88 Earnings from discontinued operations, net $ 0.25 $ 0.20 $ 0.72 $ 0.53 Net earnings $ 2.51 $ 2.06 $ 9.08 $ 5.41 Weighted average shares outstanding 138,223,000 140,615,000 138,830,000 140,603,000
Schedule of 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, 2024 2023 2024 2023 Weighted average shares outstanding - basic 137,251,000 139,878,000 137,913,000 139,833,000 Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs 972,000 737,000 917,000 770,000 Weighted average shares outstanding - diluted 138,223,000 140,615,000 138,830,000 140,603,000

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Future performance obligation	$ 180,209
Revenue recognized that was included in the contract liability balance at the beginning of the period	$ 162,670	$ 201,395
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation (in percent)	65.70%
Revenue recognized during the period	15 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation (in percent)	17.80%
Revenue recognized during the period	1 year
Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Remaining performance obligation (in percent)	95%
Transferred over Time
Disaggregation of Revenue [Line Items]
Remaining performance obligation (in percent)	5%
Minimum
Disaggregation of Revenue [Line Items]
General range of payment terms	30 days
Maximum
Disaggregation of Revenue [Line Items]
General range of payment terms	90 days

Revenue - Contract Balances (De

Revenue - Contract Balances (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract assets - current	$ 12,852	$ 19,561	$ 11,074
Contract liabilities - current	185,055	194,798	241,595
Contract liabilities - non-current	$ 15,449	$ 7,098	$ 6,417

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Thousands							9 Months Ended
	Aug. 09, 2024 USD ($)	Jul. 19, 2024 USD ($)	Jul. 18, 2024 USD ($)	Jan. 31, 2024 USD ($)	Jan. 17, 2024 USD ($)	Aug. 28, 2023 USD ($)	Sep. 30, 2024 USD ($) business	Dec. 31, 2023 USD ($)
Business Acquisition [Line Items]
Goodwill							$ 4,974,447	$ 4,637,564
Measurement period adjustments							598
Imaging & Identification
Business Acquisition [Line Items]
Goodwill							1,096,524	$ 1,092,960
Measurement period adjustments							$ 0
Series of individually immaterial acquistions
Business Acquisition [Line Items]
Number of business acquisitions | business							7
Consideration transferred							$ 636,390
Contingent consideration							33,736
Net assets acquired							244,248
Goodwill							133,661
Intangible assets							$ 126,358
Series of individually immaterial acquistions | Imaging & Identification
Business Acquisition [Line Items]
Number of business acquisitions | business							1
Series of individually immaterial acquistions | Customer intangibles
Business Acquisition [Line Items]
Intangible assets							$ 273,625
MEC
Business Acquisition [Line Items]
Consideration transferred		$ 392,142
Equity interest acquired		100%
Goodwill		$ 183,878
MEC | Customer intangibles
Business Acquisition [Line Items]
Intangible assets		$ 194,100
Transchem Group
Business Acquisition [Line Items]
Consideration transferred					$ 48,241
Equity interest acquired					100%
Goodwill					$ 24,712
Transchem Group | Customer intangibles
Business Acquisition [Line Items]
Intangible assets					$ 26,309
Bulloch Technologies, Inc
Business Acquisition [Line Items]
Consideration transferred				$ 121,917
Equity interest acquired				100%
Goodwill				$ 73,850
Bulloch Technologies, Inc | Customer intangibles
Business Acquisition [Line Items]
Intangible assets				$ 62,417
Demaco Holland D.V.
Business Acquisition [Line Items]
Consideration transferred			$ 42,556
Equity interest acquired			100%
Goodwill			$ 22,698
Demaco Holland D.V. | Customer intangibles
Business Acquisition [Line Items]
Intangible assets			$ 20,159
Criteria Labs, Inc
Business Acquisition [Line Items]
Consideration transferred	$ 14,914
Equity interest acquired	100%
Goodwill	$ 7,622
Criteria Labs, Inc | Customer intangibles
Business Acquisition [Line Items]
Intangible assets	7,900
SPS Cryogenics B.V
Business Acquisition [Line Items]
Consideration transferred	$ 10,924
Equity interest acquired	100%
Goodwill	$ 4,779
SPS Cryogenics B.V | Customer intangibles
Business Acquisition [Line Items]
Intangible assets	$ 5,677
Series of Individually Immaterial Business Acquisitions, Other Than MCE
Business Acquisition [Line Items]
Number of business acquisitions | business							6
Arc Pacific group
Business Acquisition [Line Items]
Consideration transferred						$ 8,833
Equity interest acquired						100%
Goodwill						$ 2,990
Measurement period adjustments							$ 371
Measurement period adjustments purchase price							$ 250
Arc Pacific group | Customer intangibles
Business Acquisition [Line Items]
Intangible assets						$ 7,670

Acquisitions - Purchase Price A

Acquisitions - Purchase Price Allocation (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jul. 19, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill	$ 4,974,447		$ 4,637,564
MEC
Business Acquisition [Line Items]
Current assets, net of cash acquired		$ 58,637
Property, plant and equipment		10,300
Goodwill		183,878
Other assets and deferred charges		5,602
Current liabilities		(17,896)
Non-current liabilities		$ (42,479)
Series of individually immaterial acquistions
Business Acquisition [Line Items]
Current assets, net of cash acquired	25,873
Property, plant and equipment	5,038
Goodwill	133,661
Intangible assets	126,358
Other assets and deferred charges	9,520
Current liabilities	(14,934)
Non-current liabilities	(41,268)
Net assets acquired	$ 244,248

Acquisitions - Goodwill and Int

Acquisitions - Goodwill and Intangible Assets (Details) - Series of individually immaterial acquistions $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Business Acquisition [Line Items]
Goodwill - non-deductible	$ 317,539
Intangible assets	126,358
Goodwill and intangible assets	637,997
Customer intangibles
Business Acquisition [Line Items]
Intangible assets	$ 273,625
Customer intangibles | Minimum
Business Acquisition [Line Items]
Useful life (in years)	9 years
Customer intangibles | Maximum
Business Acquisition [Line Items]
Useful life (in years)	15 years
Unpatented technologies
Business Acquisition [Line Items]
Intangible assets	$ 29,021
Unpatented technologies | Minimum
Business Acquisition [Line Items]
Useful life (in years)	5 years
Unpatented technologies | Maximum
Business Acquisition [Line Items]
Useful life (in years)	8 years
Trademarks
Business Acquisition [Line Items]
Intangible assets	$ 17,812
Useful life (in years)	15 years

Discontinued and Disposed Ope_3

Discontinued and Disposed Operations - Narrative (Details) $ in Thousands		3 Months Ended	9 Months Ended
	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 disposition	Jul. 21, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale - current	$ 583,161		$ 583,161				$ 387,130
Liabilities held for sale - current	218,488		218,488				217,581
Assets held for sale - non-current	0		0				341,954
Liabilities held for sale - non-current	0		0				35,058
Number of dispositions | disposition				0
Discontinued Operations, Held-for-Sale | ESG
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total consideration, net of cash transferred					$ 2,000,000
Assets held for sale - current							194,486
Liabilities held for sale - current							153,013
Assets held for sale - non-current							341,954
Liabilities held for sale - non-current							35,058
Discontinued Operations, Held-for-Sale | De-Sta-Co
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale - current							192,644
Liabilities held for sale - current							$ 64,568
Disposal Group, Disposed of by Sale, Not Discontinued Operations | De-Sta-Co
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total consideration, net of cash transferred						$ 674,727
Proceeds from dispositions, net of cash transferred		$ 63,000
Pre-tax gain on disposition			529,201
Gain on disposition, after-tax			414,372
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Climate & Sustainability Technologies
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of minority ownership investment	$ 92,962
Preliminary pre-tax gain			$ 68,712

Discontinued and Disposed Ope_4

Discontinued and Disposed Operations - Discontinued Operations Results (ESG) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Earnings from discontinued operations, net	$ 34,204	$ 27,770	$ 99,558	$ 74,881
Discontinued Operations, Held-for-Sale | ESG
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	231,777	194,840	671,479	552,713
Cost of goods and services	164,115	141,206	474,705	402,484
Gross profit	67,662	53,634	196,774	150,229
Selling, general and administrative expenses	24,318	17,407	67,599	52,776
Operating earnings	43,344	36,227	129,175	97,453
Other (income) expense, net	(1)	0	696	(1)
Earnings from discontinued operations before provision for income taxes	43,345	36,227	128,479	97,454
Provision for income taxes	9,141	8,457	28,921	22,573
Earnings from discontinued operations, net	$ 34,204	$ 27,770	$ 99,558	$ 74,881

Discontinued and Disposed Ope_5

Discontinued and Disposed Operations - Assets and Liabilities Held for Sale (ESG) (Details) - Discontinued Operations, Held-for-Sale - ESG - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets:
Cash and cash equivalents	$ 10,000	$ 0
Receivables, net	138,531	110,933
Inventories, net	79,986	81,363
Prepaid and other current assets	2,156	2,190
Property, plant and equipment, net	69,301	53,344
Goodwill	244,123	244,123
Intangible assets, net	35,536	38,709
Other assets and deferred charges	3,528	5,778
Total assets held for sale	583,161	536,440
Liabilities:
Accounts payable	128,886	104,077
Other current liabilities	55,217	48,936
Other non-current liabilities	34,385	35,058
Total liabilities held for sale	$ 218,488	$ 188,071

Inventories, net (Details)

Inventories, net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 685,728	$ 648,896
Work in progress	254,568	214,934
Finished goods	405,035	395,617
Subtotal	1,345,331	1,259,447
Less reserves	(131,063)	(115,358)
Total	$ 1,214,268	$ 1,144,089

Property, Plant and Equipment_3

Property, Plant and Equipment, net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,657,033		$ 2,657,033		$ 2,517,173
Accumulated depreciation	(1,661,267)		(1,661,267)		(1,538,701)
Property, plant and equipment, net	995,766		995,766		978,472
Depreciation expense	38,830	$ 39,177	115,210	$ 113,620
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	65,164		65,164		64,722
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	631,262		631,262		592,136
Machinery, equipment and other
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,960,607		$ 1,960,607		$ 1,860,315

Credit Losses (Details)

Credit Losses (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 30,679	$ 38,504
Provision for expected credit losses, net of recoveries	4,039	636
Amounts written off charged against the allowance	(4,559)	(4,848)
Other, including foreign currency translation	(63)	(1,429)
Ending Balance	$ 30,096	$ 32,863

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Changes in the Carrying Value of Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 4,637,564
Acquisitions	317,539
Measurement period adjustments	598
Foreign currency translation	18,746
Ending balance	4,974,447
Engineered Products
Goodwill [Roll Forward]
Beginning balance	415,258
Acquisitions	7,622
Measurement period adjustments	0
Foreign currency translation	1,606
Ending balance	424,486
Clean Energy & Fueling
Goodwill [Roll Forward]
Beginning balance	1,409,302
Acquisitions	309,917
Measurement period adjustments	0
Foreign currency translation	9,374
Ending balance	1,728,593
Imaging & Identification
Goodwill [Roll Forward]
Beginning balance	1,092,960
Acquisitions	0
Measurement period adjustments	0
Foreign currency translation	3,564
Ending balance	1,096,524
Pumps & Process Solutions
Goodwill [Roll Forward]
Beginning balance	1,208,571
Acquisitions	0
Measurement period adjustments	227
Foreign currency translation	3,860
Ending balance	1,212,658
Climate & Sustainability Technologies
Goodwill [Roll Forward]
Beginning balance	511,473
Acquisitions	0
Measurement period adjustments	371
Foreign currency translation	342
Ending balance	$ 512,186

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired			$ 317,539
Dispositions			58,663
Amortization expense	$ 47,838	$ 38,205	135,969	$ 113,899
Climate & Sustainability Technologies
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired			0
Customer Intangibles, Unpatented Technology And Trademarks | Climate & Sustainability Technologies
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired			$ 320,458

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Intangibles and Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,264,621	$ 2,921,465
Accumulated Amortization	1,715,881	1,572,892
Net Carrying Amount	1,548,740	1,348,573
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Total, Gross Carrying Amount	3,361,260	3,018,096
Accumulated Amortization	1,715,881	1,572,892
Total, Net Carrying Amount	1,645,379	1,445,204
Trademarks
Indefinite-lived Intangible Assets by Major Class [Line Items]
Unamortized intangible assets:	96,639	96,631
Customer intangibles
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,378,879	2,097,985
Accumulated Amortization	1,165,273	1,064,609
Net Carrying Amount	1,213,606	1,033,376
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	1,165,273	1,064,609
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	287,546	268,605
Accumulated Amortization	155,554	142,505
Net Carrying Amount	131,992	126,100
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	155,554	142,505
Patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	205,000	204,591
Accumulated Amortization	146,652	140,438
Net Carrying Amount	58,348	64,153
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	146,652	140,438
Unpatented technologies
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	274,712	244,042
Accumulated Amortization	167,721	151,944
Net Carrying Amount	106,991	92,098
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	167,721	151,944
Distributor relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	83,450	82,031
Accumulated Amortization	67,976	63,343
Net Carrying Amount	15,474	18,688
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	67,976	63,343
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	35,034	24,211
Accumulated Amortization	12,705	10,053
Net Carrying Amount	22,329	14,158
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ 12,705	$ 10,053

Restructuring Activities - Rest

Restructuring Activities - Restructuring Charges by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 13,837	$ 4,385	$ 41,629	$ 33,260
Exit
Restructuring Cost and Reserve [Line Items]
Restructuring charges			25,884
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring charges	296	476	391	1,603
Cost of goods and services
Restructuring Cost and Reserve [Line Items]
Restructuring charges	7,768	1,198	26,908	10,353
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	6,069	3,187	14,721	22,907
Engineered Products | Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring charges	991	938	2,969	5,415
Clean Energy & Fueling | Exit
Restructuring Cost and Reserve [Line Items]
Restructuring charges	13,837		41,629
Clean Energy & Fueling | Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring charges	8,544	(37)	15,434	15,954
Imaging & Identification | Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,804	233	4,645	1,437
Pumps & Process Solutions | Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring charges	964	1,637	3,929	6,266
Climate & Sustainability Technologies | Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 1,238	$ 1,138	$ 14,261	$ 2,585

Restructuring Activities - Seve

Restructuring Activities - Severance and Exit Accrual Activities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restructuring Reserve [Roll Forward]
Beginning balance			$ 21,759
Restructuring charges	$ 13,837	$ 4,385	41,629	$ 33,260
Payments			(31,598)
Other, including foreign currency translation			(17,006)
Ending balance	14,784		14,784
Severance
Restructuring Reserve [Roll Forward]
Beginning balance			18,646
Restructuring charges			15,745
Payments			(23,973)
Other, including foreign currency translation			(178)
Ending balance	10,240		10,240
Exit
Restructuring Reserve [Roll Forward]
Beginning balance			3,113
Restructuring charges			25,884
Payments			(7,625)
Other, including foreign currency translation			(16,828)
Ending balance	$ 4,544		$ 4,544

Borrowings - Short Term Debt (D

Borrowings - Short Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Short-term Debt [Line Items]
Short-term borrowings	$ 379,295	$ 468,282
Commercial paper
Short-term Debt [Line Items]
Short-term borrowings	378,600	467,600
Other
Short-term Debt [Line Items]
Short-term borrowings	$ 695	$ 682

Borrowings - Narrative (Details

Borrowings - Narrative (Details)		9 Months Ended
	Apr. 06, 2023 USD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Line of Credit Facility [Line Items]
Interest coverage ratio		20.7
Outstanding letters of credit		$ 160,000,000
Revolving Credit Facility | Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 1,000,000,000
Term of debt	5 years
Interest coverage ratio required	3
Borrowings under credit facility		0	$ 0
Revolving Credit Facility | Credit Facility Maturing April 2024
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 500,000,000
Term of debt	364 days
Borrowings under credit facility		0	$ 0
Commercial paper
Line of Credit Facility [Line Items]
Decrease in borrowings		$ 89,000,000
Weighted average interest rate		4.94%	5.51%

Borrowings - Long Term Debt (De

Borrowings - Long Term Debt (Details) € in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2024 EUR (€)	Dec. 31, 2023 USD ($)
Long-term
Total long-term debt	$ 3,007,820		$ 2,991,759
Unamortized debt discounts	9,500		10,900
Deferred debt issuance costs	$ 7,500		8,900
3.15% 10-year notes due November 15, 2025
Long-term
Stated interest rate	3.15%	3.15%
Term of debt	10 years
Principal	$ 400,000
Total long-term debt	$ 399,242		398,737
1.25% 10-year notes due November 9, 2026 (euro-denominated)
Long-term
Stated interest rate	1.25%	1.25%
Term of debt	10 years
Principal | €		€ 600,000
Total long-term debt	$ 665,676		657,628
0.750% 8-year notes due November 4, 2027 (euro-denominated)
Long-term
Stated interest rate	0.75%	0.75%
Term of debt	8 years
Principal | €		€ 500,000
Total long-term debt	$ 553,996		547,342
6.65% 30-year debentures due June 1, 2028
Long-term
Stated interest rate	6.65%	6.65%
Term of debt	30 years
Principal	$ 200,000
Total long-term debt	$ 199,632		199,557
2.950% 10-year notes due November 4, 2029
Long-term
Stated interest rate	2.95%	2.95%
Term of debt	10 years
Principal	$ 300,000
Total long-term debt	$ 298,071		297,787
5.375% 30-year debentures due October 15, 2035
Long-term
Stated interest rate	5.375%	5.375%
Term of debt	30 years
Principal	$ 300,000
Total long-term debt	$ 297,245		297,058
6.60% 30-year notes due March 15, 2038
Long-term
Stated interest rate	6.60%	6.60%
Term of debt	30 years
Principal	$ 250,000
Total long-term debt	$ 248,477		248,392
5.375% 30-year notes due March 1, 2041
Long-term
Stated interest rate	5.375%	5.375%
Term of debt	30 years
Principal	$ 350,000
Total long-term debt	345,465		345,258
Other
Long-term
Total long-term debt	$ 16		$ 0

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) € in Thousands, $ in Thousands	Sep. 30, 2024 USD ($)	Sep. 30, 2024 EUR (€)	Dec. 31, 2023 USD ($)
Estimate of Fair Value Measurement
Derivatives, Fair Value [Line Items]
Fair value of long-term debt	$ 3,025,107		$ 2,950,401
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional amount	153,054		171,425
Designated as Hedging Instrument | 1.25% 10-year notes due November 9, 2026 (euro-denominated)
Derivatives, Fair Value [Line Items]
Principal | €		€ 600,000
Designated as Hedging Instrument | 0.750% 8-year notes due November 4, 2027 (euro denominated)
Derivatives, Fair Value [Line Items]
Principal | €		€ 500,000
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional amount	$ 91,892		$ 84,867

Financial Instruments - Balance

Financial Instruments - Balance Sheet Location (Details) - Foreign currency forward - Designated as Hedging Instrument - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Asset	$ 1,188	$ 1,675
Fair Value (Liability)	$ (1,531)	$ (874)

Financial Instruments - Gain (L

Financial Instruments - Gain (Loss) on Net Investment Hedges (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain (loss) on euro-denominated debt	$ (45,956)	$ 32,773	$ (13,201)	$ 262
Tax (expense) benefit	10,468	(7,274)	3,008	(58)
Net gain (loss) on net investment hedges, net of tax	$ (35,488)	$ 25,499	$ (10,193)	$ 204

Financial Instruments - Fair Va

Financial Instruments - Fair Value (Details) - Level 2 - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets:
Foreign currency cash flow hedges	$ 1,188	$ 1,675
Liabilities:
Foreign currency cash flow hedges	$ 1,531	$ 874

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Contingency [Line Items]
Effective tax rate	19%	17.70%	20.10%	18.70%
Minimum
Income Tax Contingency [Line Items]
Significant change in unrecognized tax benefits is reasonably possible, estimated range of change	$ 0		$ 0
Maximum
Income Tax Contingency [Line Items]
Significant change in unrecognized tax benefits is reasonably possible, estimated range of change	$ 3,751		$ 3,751

Equity Incentive Program - Narr

Equity Incentive Program - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period				3 years
Total stock based compensation expense, before tax	$ 103	$ 58	$ 672	$ 632
Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards issued during period (in shares)			345,354	349,491
Fair value per share at date of grant (in dollars per share)			$ 51.17	$ 47.27
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards issued during period (in shares)			43,602	43,656
Fair value per share at date of grant (in dollars per share)			$ 287.62	$ 249.48
Award vesting period			3 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards issued during period (in shares)			87,755	85,053
Fair value per share at date of grant (in dollars per share)			$ 160.11	$ 153.25
Performance Condition
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per share at date of grant (in dollars per share)			$ 177.19

Equity Incentive Program - Assu

Equity Incentive Program - Assumptions Used in Determining the Fair Value of the SARs (Details) - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	4.13%	3.91%
Dividend yield	1.28%	1.32%
Expected life (years)	5 years 6 months	5 years 4 months 24 days
Volatility	31.32%	30.65%
Grant price (in dollars per share)	$ 160.11	$ 153.25
Fair value per share at date of grant (in dollars per share)	$ 51.17	$ 47.27
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	4.37%	4.28%
Dividend yield	1.15%	1.32%
Expected life (years)	2 years 9 months 18 days	2 years 10 months 24 days
Volatility	23.30%	27.30%
Grant price (in dollars per share)	$ 177.19	$ 153.25
Fair value per share at date of grant (in dollars per share)	$ 287.62	$ 249.48

Equity Incentive Program - Stoc

Equity Incentive Program - Stock Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Pre-tax stock-based compensation expense	$ 8,187	$ 6,687	$ 32,297	$ 24,836
Tax benefit	(729)	(692)	(3,141)	(2,536)
Total stock-based compensation expense, net of tax	$ 7,458	$ 5,995	$ 29,156	$ 22,300

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Beginning Balance	$ 42,243	$ 43,056
Provision for warranties	42,686	36,208
Settlements made	(40,482)	(37,588)
Other adjustments, including acquisitions and currency translation	(1,260)	(332)
Ending Balance	$ 43,187	$ 41,344

Other Comprehensive Earnings (D

Other Comprehensive Earnings (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	$ 429,570	$ 402,838	$ 1,301,606	$ 1,234,223
Tax provision (benefit)	73,434	56,252	291,781	157,636
Net earnings	(347,100)	(289,753)	(1,261,143)	(760,566)
Other income, net	(13,032)	(10,274)	(33,016)	(20,758)
Earnings before provision for income taxes	(386,330)	(318,235)	(1,453,366)	(843,321)
Reclassification out of Accumulated Other Comprehensive Income | Foreign currency translation:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	0	0	13,931	0
Tax provision (benefit)	0	0	0	0
Net earnings	0	0	13,931	0
Reclassification out of Accumulated Other Comprehensive Income | Pension plans:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax provision (benefit)	138	82	415	247
Net earnings	(523)	(271)	(1,571)	(814)
Earnings before provision for income taxes	(661)	(353)	(1,986)	(1,061)
Reclassification out of Accumulated Other Comprehensive Income | Amortization of actuarial gain
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income, net	(468)	(632)	(1,418)	(1,912)
Reclassification out of Accumulated Other Comprehensive Income | Amortization of prior service (credits) costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income, net	(193)	279	(568)	851
Reclassification out of Accumulated Other Comprehensive Income | Cash flow hedges:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax provision (benefit)	15	(81)	189	(501)
Net earnings	39	369	(665)	2,067
Earnings before provision for income taxes	$ 24	$ 450	$ (854)	$ 2,568

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			5
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	$ 1,983,542	$ 1,958,428	$ 5,816,043	$ 5,779,664
Earnings before provision for income taxes	386,330	318,235	1,453,366	843,321
Purchase accounting expenses	48,356	38,956	136,875	118,203
Restructuring and other costs	16,581	11,581	52,142	43,777
Gain on dispositions	(68,633)	0	(597,913)	0
Interest expense	34,128	32,390	102,867	100,407
Interest income	(5,176)	(3,808)	(14,013)	(8,552)
Provision for income taxes	73,434	56,252	291,781	157,636
Earnings from continuing operations	312,896	261,983	1,161,585	685,685
Restructuring	13,837	4,385	41,629	33,260
Other costs, net	2,744	7,196	10,513	10,517
Restructuring and other costs	16,581	11,581	52,142	43,777
United States
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	1,099,830	991,661	3,185,188	2,972,261
Europe
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	406,556	433,066	1,250,813	1,312,165
Asia
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	206,548	235,184	609,848	680,539
Other Americas
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	190,829	182,808	551,839	518,908
Other
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	79,779	115,709	218,355	295,791
Operating Segments
Reconciliation from Segment Totals to Consolidated [Abstract]
Earnings before provision for income taxes	447,696	428,291	1,251,119	1,202,532
Intersegment eliminations
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	(816)	(1,425)	(2,864)	(4,303)
Corporate expense / other
Reconciliation from Segment Totals to Consolidated [Abstract]
Corporate expense / other	36,110	30,937	117,795	105,376
Restructuring	296	476	391	1,603
Engineered Products | Operating Segments
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	296,117	309,431	914,234	922,794
Earnings before provision for income taxes	56,621	63,525	171,248	156,461
Restructuring	991	938	2,969	5,415
Clean Energy & Fueling | Operating Segments
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	500,685	466,959	1,408,752	1,338,854
Earnings before provision for income taxes	99,536	92,483	256,747	249,704
Restructuring	8,544	(37)	15,434	15,954
Imaging & Identification | Operating Segments
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	283,966	276,179	848,365	831,202
Earnings before provision for income taxes	77,247	70,316	222,992	199,967
Restructuring	1,804	233	4,645	1,437
Pumps & Process Solutions | Operating Segments
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	472,463	431,373	1,415,431	1,310,880
Earnings before provision for income taxes	138,277	117,907	394,231	362,488
Restructuring	964	1,637	3,929	6,266
Climate & Sustainability Technologies | Operating Segments
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	431,127	475,911	1,232,125	1,380,237
Earnings before provision for income taxes	76,015	84,060	205,901	233,912
Restructuring	$ 1,238	$ 1,138	$ 14,261	$ 2,585

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 01, 2024	Jul. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Feb. 29, 2024	Aug. 31, 2023
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)			0	0	0	0
August 2023 Authorization
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized to be repurchased (in shares)								20,000,000
Remaining number of shares authorized to be repurchased (in shares)			17,130,718		17,130,718
February 2024 ASR Agreement
Equity, Class of Treasury Stock [Line Items]
ASR agreement authorized amount							$ 500
Payment for ASR agreement	$ 500,000
Number of shares repurchased (in shares)	2,569,839
August 2022 ASR Agreement
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)		299,443			2,869,282
Repurchase price (in dollars per share)					$ 174.26

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Reconciliation of information used in computing basic and diluted earnings per share [Abstract]
Earnings from continuing operations	$ 312,896	$ 261,983	$ 1,161,585	$ 685,685
Earnings from discontinued operations, net	34,204	27,770	99,558	74,881
Net earnings	$ 347,100	$ 289,753	$ 1,261,143	$ 760,566
Basic earnings per common share:
Earnings from continuing operations (in dollars per share)	$ 2.28	$ 1.87	$ 8.42	$ 4.90
Earnings from discontinued operations, net (in dollars per share)	0.25	0.20	0.72	0.54
Basic (in dollars per share)	$ 2.53	$ 2.07	$ 9.14	$ 5.44
Weighted average shares outstanding (in shares)	137,251	139,878	137,913	139,833
Diluted earnings per common share:
Earnings from continuing operations (in dollars per share)	$ 2.26	$ 1.86	$ 8.37	$ 4.88
Earnings from discontinued operations, net (in dollars per share)	0.25	0.20	0.72	0.53
Diluted (in dollars per share)	$ 2.51	$ 2.06	$ 9.08	$ 5.41
Weighted average shares outstanding (in shares)	138,223	140,615	138,830	140,603
Reconciliation Of Share Amounts Used In Computing Earnings Per Share [Abstract]
Weighted average shares outstanding - basic (in shares)	137,251	139,878	137,913	139,833
Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs (in shares)	972	737	917	770
Weighted average shares outstanding - Diluted (in shares)	138,223	140,615	138,830	140,603
Antidilutive securities excluded from computation of earnings per share	44	39	63	54

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounting Changes and Error Corrections [Abstract]
Amounts due to the SCF	$ 131,534	$ 156,245

Subsequent Events (Details)

Subsequent Events (Details) $ in Billions	Oct. 08, 2024 USD ($)
Subsequent Event | ESG | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Subsequent Event [Line Items]
Total consideration, net of cash transferred	$ 2