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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2020	Apr. 14, 2020
Cover [Abstract]
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
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 Shell Company	false
Entity Common Stock, Shares Outstanding		143,947,008
Entity Registrant Name	DOVER Corp
Entity Central Index Key	0000029905
Current Fiscal Year End Date	--12-31
Entity Small Business	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Common Stock
Cover [Abstract]
Title of 12(b) Security	Common Stock
Trading Symbol	DOV
Security Exchange Name	NYSE
Document Information [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	DOV
Security Exchange Name	NYSE
1.250 Notes Due 2026 [Member]
Cover [Abstract]
Title of 12(b) Security	1.250% Notes due 2026
Trading Symbol	DOV 26
Security Exchange Name	NYSE
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 [Member]
Cover [Abstract]
Title of 12(b) Security	0.750% Notes due 2027
Trading Symbol	DOV 27
Security Exchange Name	NYSE
Document Information [Line Items]
Title of 12(b) Security	0.750% Notes due 2027
Trading Symbol	DOV 27
Security Exchange Name	NYSE

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Revenue	$ 1,655,939	$ 1,724,757
Cost of goods and services	1,043,696	1,101,215
Gross profit	612,243	623,542
Selling, General and Administrative Expense	386,941	408,466
Loss on assets held for sale	0	(46,946)
Operating earnings	225,302	168,130
Interest Expense	27,268	31,808
Interest Income	(1,183)	(890)
Gain on sale of businesses	(6,551)	0
Other income, net	(7,732)	(1,106)
Earnings before provision for income taxes	213,500	138,318
Provision for income taxes	37,221	32,613
Earnings from continuing operations	176,279	105,705
Net earnings	$ 176,279	$ 105,705
Net earnings per share:
Net earnings (in dollars per basic share)	$ 1.22	$ 0.73
Net earnings (in dollars per diluted share)	$ 1.21	$ 0.72
Weighted average shares outstanding:
Weighted average shares outstanding - basic	144,259,000	145,087,000
Weighted average shares outstanding - diluted	145,782,000	146,911,000

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE EARNINGS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net earnings	$ 176,279	$ 105,705
Foreign currency translation adjustments [Abstract]
Foreign currency translation (losses) gains	(93,554)	23,700
Reclassification of foreign currency translation losses to earnings	0	25,339
Total foreign currency translation adjustment	(93,554)	49,039
Pension and other postretirement benefit plans [Abstract]
Amortization of actuarial losses included in net periodic pension cost	1,669	175
Amortization of prior service cost included in net periodic pension cost	286	572
Total pension and other postretirement benefit plans	1,955	747
Changes in fair value of cash flow hedges [Abstract]
Unrealized net gains (losses) arising during period	(5,074)	2,594
Net losses (gains) reclassified into earnings	1,121	(230)
Total cash flow hedges	(3,953)	2,364
Other comprehensive (loss) earnings	(95,552)	52,150
Comprehensive earnings	$ 80,727	$ 157,855

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 508,907	$ 397,253
Receivables, net of allowances	1,222,154	1,217,190
Inventories	852,075	806,141
Prepaid and other current assets	122,864	127,846
Total current assets	2,706,000	2,548,430
Property, plant and equipment, net	841,813	842,318
Goodwill	3,860,817	3,783,347
Intangible assets, net	1,096,140	1,055,014
Other assets and deferred charges	439,483	440,368
Total assets	8,944,253	8,669,477
Current liabilities:
Notes payable and current maturities of long-term debt	500,000	84,700
Accounts payable	947,006	983,293
Accrued compensation and employee benefits	175,231	226,658
Accrued insurance	99,992	98,432
Other accrued expenses	355,837	339,060
Federal and other income taxes	16,295	17,748
Total current liabilities	2,094,361	1,749,891
Long-term debt	2,963,018	2,985,716
Deferred Income Taxes	338,586	322,036
Noncurrent income tax payable	52,000	52,000
Other liabilities	515,607	527,174
Stockholders' Equity:
Total stockholders' equity	2,980,681	3,032,660
Total liabilities and stockholders' equity	$ 8,944,253	$ 8,669,477

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Allowance for doubtful accounts receivable	$ 33,901	$ 29,381

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (unaudited) - USD ($)	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive (Loss) Earnings
Balance at Dec. 31, 2018	$ 2,768,666,000	$ 257,822,000	$ 886,016,000	$ (5,947,562,000)	$ 7,815,486,000	$ (243,096,000)
Net earnings	105,705,000	0	0	0	105,705,000	0
Dividends paid	(69,809,000)	0	0	0	(69,809,000)	0
Common stock issued for the exercise of share-based awards	(19,608,000)	392,000	(20,000,000)	0	0	0
Share-based compensation expense	8,182,000	0	8,182,000	0	0	0
Other comprehensive loss, net of tax	52,150,000	0	0	0	0	52,150,000
Other, net	(7,833,000)	0	(7,833,000)	0	0	0
Balance at Mar. 31, 2019	2,837,453,000	258,214,000	866,365,000	(5,947,562,000)	7,851,382,000	(190,946,000)
Balance at Dec. 31, 2019	3,032,660,000	258,552,000	869,719,000	(6,090,842,000)	8,211,257,000	(216,026,000)
Net earnings	176,279,000	0	0	0	176,279,000	0
Dividends paid	(70,899,000)	0	0	0	(70,899,000)	0
Common stock issued for the exercise of share-based awards	(10,019,000)	193,000	(10,212,000)	0	0	0
Share-based compensation expense	3,252,000	0	3,252,000	0	0	0
Common stock acquired, including accelerated share repurchase program	(52,916,000)	0	0	(52,916,000)	0	0
Other comprehensive loss, net of tax	(95,552,000)	0	0	0	0	(95,552,000)
Other, net	(12,000)	0	(12,000)	0	0	0
Balance at Mar. 31, 2020	2,980,681,000	258,745,000	862,747,000	(6,143,758,000)	8,314,525,000	(311,578,000)
Cumulative Effect of New Accounting Principle in Period of Adoption \| Accounting Standards Update 2016-13	$ (2,112,000)	$ 0	$ 0	$ 0	$ (2,112,000)	$ 0

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Dividends paid per common share (in dollars per share)	$ 0.49	$ 0.48

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Activities
Net earnings	$ 176,279	$ 105,705
Loss on assets held for sale	0	(46,946)
Adjustments to reconcile net earnings to cash from operating activities:
Depreciation and amortization	68,752	67,738
Share-based compensation expense	3,252	8,182
Other, net	(17,358)	2,363
Cash effect of changes in assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):
Accounts receivable, net	(25,313)	(42,252)
Inventories	(61,936)	(73,041)
Prepaid expenses and other assets	(8,654)	(14,921)
Accounts payable	(25,245)	(22,638)
Accrued compensation and employee benefits	(67,247)	(55,559)
Accrued expenses and other liabilities	25,321	(16,107)
Accrued and deferred taxes, net	14,563	18,108
Net cash provided by operating activities	75,863	24,524
Investing Activities
Additions to property, plant and equipment	(40,172)	(37,122)
Acquisitions, net of cash acquired	208,421	175,083
Proceeds from sale of property, plant, and equipment	1,232	170
Proceeds from sale of businesses	16,850	2,245
Other	0	(7,900)
Net cash (used in) provided by investing activities	(230,511)	(217,690)
Financing Activities
Repurchase of common stock, including prepayment under an accelerated share repurchase program	(52,916)	0
Change in commercial paper and notes payable	415,300	125,893
Dividends paid to stockholders	(70,899)	(69,809)
Payments to settle employee tax obligations on exercise of share-based awards	(10,019)	(19,608)
Other	(512)	(409)
Net cash used in by financing activities	280,954	36,067
Effect of Exchange Rate on Cash and Cash Equivalents	(14,652)	3,892
Net (decrease) increase in cash and cash equivalents	111,654	(153,207)
Cash and cash equivalents at beginning of period	397,253	396,221
Cash and cash equivalents at end of period	$ 508,907	$ 243,014

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2020
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, 2019, included in the Company's Annual Report on Form 10-K filed with the SEC on February 14, 2020. The year end Condensed Consolidated Balance Sheet was derived from audited financial statements. Certain amounts in the prior periods have been reclassified to conform to the current year presentation. The accompanying unaudited interim Condensed Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect amounts reported in the Condensed Consolidated Financial Statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions that the Company may undertake in the future, actual results may differ from those estimates. The Condensed Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair statement of results for these interim periods. The results of operations of any interim period are not necessarily indicative of the results of operations for the full year.

Revenue

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

2. Revenue

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.

Over 95% of the Company’s performance obligations are recognized at a point in time that relate to the manufacture and sale of a broad range of products and components. Revenue is recognized when control transfers to the customer upon shipment or completion of installation, testing, certification, or other substantive acceptance provisions required under the contract. Less than 5% of the Company’s revenue is recognized over time and generally relates to the sale of services or engineered to order equipment that have no alternative use and in which the contract specifies the Company has a right to payment for its costs, plus a reasonable margin.

Revenue from contracts with customers is disaggregated by segments and geographic location, as it best depicts the nature and amount of the Company’s revenue. See Note 17 — Segment Information for revenue by segment and geographic locations.

At March 31, 2020, we estimated that $156.0 million in revenue is expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period. We expect to recognize approximately 81% of our unsatisfied (or partially unsatisfied) performance obligations as revenue through 2021, with the remaining balance to be recognized in 2022 and thereafter.

The following table provides information about contract assets and contract liabilities from contracts with customers:


	March 31, 2020		December 31, 2019		January 1, 2019

Contract assets	$	13,841	$	14,894	$	9,330
Contract liabilities - current	61,508		44,001		36,461
Contract liabilities - non-current	10,363		9,121		9,382

The revenue recognized during the three months ended March 31, 2020 and 2019 that was included in contract liabilities at the beginning of the period amounted to $21,133 and $15,414, respectively.

Acquisitions

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Acquisitions

3. Acquisitions

2020 Acquisitions

During the three months ended March 31, 2020, the Company acquired two businesses in separate transactions for total consideration of $208,421, net of cash acquired. These businesses were acquired to complement and expand upon existing operations within the Imaging & Identification and Engineered Products 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. Goodwill in the amount of $33,125 is deductible for U.S. income tax purposes and goodwill in the amount of $92,256 is non-deductible for U.S. income tax purposes for these acquisitions.

On January 24, 2020, the Company acquired 100% of the voting stock of Sys-Tech Solutions, Inc. ("Systech"), a leading provider of product traceability, regulatory compliance and brand-protection software and solutions to pharmaceutical and consumer products manufacturers, for $162,942, net of cash acquired. The Systech acquisition strengthens the portfolio of solutions offered by the Imaging & Identification segment. In connection with this acquisition, the Company recorded goodwill of $92,256 and intangible assets of $76,100, primarily related to customer intangibles.

On February 18, 2020, the Company acquired 100% of the voting stock of So. Cal. Soft-Pak, Incorporated ("Soft-Pak") Software Solutions, a leading specialized provider of integrated back office, route management and customer relationship management software solutions to the waste and recycling fleet industry for $45,479, net of cash acquired. The Soft-Pak acquisition strengthens the digital offerings within the Engineered Products segment. In connection with this acquisition, the Company recorded goodwill of $33,125 and intangible assets of $12,800, primarily related to customer intangibles.

The following presents the preliminary allocation of purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at acquisition date:


	Total
Current assets, net of cash acquired	$	19,816
Property, plant and equipment	1,580
Goodwill	125,381
Intangible assets	88,900

Current liabilities	(15,073)
Other liabilities	(12,183)
Net assets acquired	$	208,421

The amounts assigned to goodwill and major intangible asset classifications were as follows:


	Amount allocated		Useful life (in years)
Goodwill - tax deductible	$	33,125	na
Goodwill - non deductible	92,256		na
Customer intangibles	74,100		12

Trademarks	5,100		15
Other intangibles	9,700		6 - 9
	$	214,281

2019 Acquisitions

On January 25, 2019, the Company acquired the assets of Belanger, Inc. ("Belanger"), a leading full-line car wash equipment manufacturer for $175,083, net of cash acquired. The Belanger acquisition strengthens Dover's position in the vehicle wash business within the Fueling Solutions segment. In connection with this acquisition, the Company recorded goodwill of $97,817 and intangible assets of $77,000, primarily related to customer intangibles. The intangible assets are being amortized over 9 to 15 years.

Pro Forma Information

The following unaudited pro forma information illustrates the impact of 2020 and 2019 acquisitions on the Company’s revenue and earnings from operations for the three months ended March 31, 2020 and 2019, respectively.

The unaudited pro forma information assumes that the 2020 and 2019 acquisitions had taken place at the beginning of the prior year, 2019 and 2018, respectively. Unaudited pro forma earnings are adjusted to reflect the comparable impact of additional depreciation and amortization expense, net of tax, resulting from the fair value measurement of intangible and tangible assets relating to the year of acquisition.

The unaudited pro forma effects for the three months ended March 31, 2020 and 2019 were as follows:


	Three Months Ended March 31,
	2020		2019
Revenue:
As reported	$	1,655,939	$	1,724,757
Pro forma	1,661,825		1,746,533
Net earnings:
As reported	$	176,279	$	105,705
Pro forma	180,433		106,188

Disposed and Discontinued Operations	3 Months Ended
Disposed and Discontinued Operations	Mar. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations	4. Disposed Operations Management evaluates Dover's businesses periodically for their strategic fit within its operations and may from time to time sell or discontinue certain operations for various reasons. 2020 On March 6, 2020, the Company completed the sale of the Chino, California branch of The AMS Group ("AMS Chino"), a wholly owned subsidiary of the Company. Upon disposal of AMS Chino, the Company recognized total consideration of $16,850, which resulted in a pre-tax gain on sale of $6,551 included within the Condensed Consolidated Statements of Earnings and within the Refrigeration & Food Equipment Segment for the three months ended March 31, 2020. 2019 On March 29, 2019, the Company entered into a definitive agreement to sell Finder Pompe S.r.l ("Finder"), a wholly owned subsidiary, to Gruppo Aturia S.p.A (“Aturia”). As of March 31, 2019, Finder met the criteria to be classified as held for sale. The Company classified Finder's assets and liabilities separately on the consolidated balance sheet as of March 31, 2019. Based on the total consideration from the sale, net of selling costs, the Company recorded a loss on the assets held for sale of $46,946 in the Condensed Consolidated Statements of Earnings during the three months ended March 31, 2019. The loss was comprised of an impairment on assets held for sale of $21,607 and $25,339 of foreign currency translation losses reclassified out of accumulated other comprehensive losses. On April 2, 2019, Dover completed the sale of Finder to Aturia, which generated total cash proceeds of $24,218. The Finder business was included in the results of the Pumps & Process Solutions segment. The sale does not represent a strategic shift that will have a major effect on operations and financial results and, therefore, did not qualify for presentation as a discontinued operation.

Inventories

3 Months Ended

Mar. 31, 2020

Inventory, Net [Abstract]

Inventory Disclosure

5. Inventories


	March 31, 2020		December 31, 2019
Raw materials	$	486,866	$	467,912
Work in progress	172,173		162,670
Finished goods	300,725		280,051
Subtotal	959,764		910,633
Less reserves	(107,689)		(104,492)
Total	$	852,075	$	806,141

Property, Plant and Equipment

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure

6. Property, Plant and Equipment, net


	March 31, 2020		December 31, 2019
Land	$	54,580	$	56,583
Buildings and improvements	522,155		527,192
Machinery, equipment and other	1,662,535		1,648,354
Property, plant and equipment, gross	2,239,270		2,232,129
Accumulated depreciation	(1,397,457)		(1,389,811)
Property, plant and equipment, net	$	841,813	$	842,318

For the three months ended March 31, 2020 and 2019, depreciation expense was $34,555 and $32,188, respectively.

Credit Losses

3 Months Ended

Mar. 31, 2020

Credit Loss [Abstract]

Allowance for Credit Losses

7. Credit Losses

Effective January 1, 2020, the Company adopted ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments prospectively. This ASU replaces the incurred loss impairment model with an expected credit loss impairment model for financial instruments, including trade receivables. The amendment requires entities to consider forward-looking information to estimate expected credit losses, resulting in earlier recognition of losses for receivables that are current or not yet due, which were not considered under the previous accounting guidance. Upon adoption, the Company recorded a noncash cumulative effect adjustment to retained earnings of $2.1 million, net of $0.6 million of income taxes, on the opening consolidated balance sheet as of January 1, 2020.

The Company is exposed to credit losses primarily through sales of products and services. The Company’s expected loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of customers' trade accounts receivables. Due to the short-term nature of such receivables, the estimate of amount of accounts receivable that may not be collected is based on aging of the accounts receivable balances and the financial condition of customers. Additionally, specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. The Company’s monitoring activities include timely account reconciliation, dispute resolution, payment confirmation, consideration of customers' financial condition and macroeconomic conditions. Balances are written off when determined to be uncollectible. The Company considered the current and expected future economic and market conditions surrounding the novel coronavirus ("COVID-19") pandemic and determined that the estimate of credit losses was not significantly impacted.

Estimates are used to determine the allowance. It is based on assessment of anticipated payment and all other historical, current and future information that is reasonably available.

The following table provides a roll-forward of the allowance for credit losses that is deducted from the amortized cost basis of accounts receivable to present the net amount expected to be collected.


	2020
Beginning Balance, January 1,	$	29,381
Adoption of ASU 2016-13, cumulative-effect adjustment to retained earnings	2,706
Provision for expected credit losses	3,703
Amounts written off charged against the allowance	(811)
Other, including dispositions and foreign currency translation	(1,078)
Ending Balance, March 31,	$	33,901

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2020

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		Fueling Solutions		Imaging & Identification		Pumps & Process Solutions		Refrigeration & Food Equipment		Total
Balance at December 31, 2019	$	636,571	$	873,381	$	977,069	$	750,627	$	545,699	$	3,783,347
Acquisitions	33,125		—		92,256		—		—		125,381

Disposition of business	—		—		—		—		(2,841)		(2,841)
Foreign currency translation	(4,446)		(26,008)		(8,514)		(5,790)		(312)		(45,070)
Balance at March 31, 2020	$	665,250	$	847,373	$	1,060,811	$	744,837	$	542,546	$	3,860,817

During the three months ended March 31, 2020, the Company recorded additions of $125,381 to goodwill as a result of the acquisitions with the Engineered Products and Imaging & Identification segments discussed in Note 3 — Acquisitions. During the three months ended March 31, 2020, the Company disposed of $2,841 of the Refrigeration & Food Equipment segment goodwill as a result of the sale of a business as discussed in Note 4 — Disposed Operations.

Dover performs its annual goodwill impairment testing in the fourth quarter of each year. During the 2019 impairment testing, all fifteen reporting units had fair values substantially in excess of their carrying values. In addition to the annual impairment test, the Company is required to regularly assess whether a triggering event has occurred which would require interim impairment testing. The Company considered the current and expected future economic and market conditions surrounding the COVID-19 pandemic and its impact on each of the reporting units. Further, the Company assessed the current market capitalization, forecasts and the amount of headroom in the 2019 impairment test. The Company determined that a triggering event has not occurred which would require an interim impairment test to be performed. Refer to "Segment Results of Operations" for further details on the COVID-19 impact to the Company's operations.

The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows:


	March 31, 2020										December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	1,467,966	$	731,391	$	736,575	$	1,410,636	$	714,566	$	696,070
Trademarks	220,805		89,123		131,682		218,064		85,791		132,273
Patents	158,612		134,360		24,252		159,376		133,677		25,699
Unpatented technologies	162,763		100,858		61,905		154,505		99,276		55,229
Distributor relationships	80,237		44,889		35,348		82,779		44,202		38,577
Drawings & manuals	26,619		22,228		4,391		27,500		22,403		5,097
Other	22,908		17,482		5,426		22,355		16,939		5,416
Total	2,139,910		1,140,331		999,579		2,075,215		1,116,854		958,361
Unamortized intangible assets:
Trademarks	96,561		—		96,561		96,653		—		96,653
Total intangible assets, net	$	2,236,471	$	1,140,331	$	1,096,140	$	2,171,868	$	1,116,854	$	1,055,014

For the three months ended March 31, 2020 and 2019, amortization expense was $34,197 and $35,550, respectively, including acquisition-related intangible amortization of $33,817 and $35,155, respectively.

Restructuring Activities

3 Months Ended

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure

9. Restructuring Activities

The Company's restructuring charges by segment were as follows:


	Three Months Ended March 31,
	2020		2019
Engineered Products	$	358	$	79
Fueling Solutions	1,475		738
Imaging & Identification	256		291
Pumps & Process Solutions	3,846		381
Refrigeration & Food Equipment	560		1,412
Corporate	846		35
Total	$	7,341	$	2,936

These amounts are classified in the Condensed Consolidated Statements of Earnings as follows:
Cost of goods and services	$	1,542	$	1,179
Selling, general and administrative expenses	5,799		1,757
Total	$	7,341	$	2,936

The restructuring expenses of $7,341 incurred during the three months ended March 31, 2020, were a result of restructuring programs initiated in 2019. Restructuring expense was comprised primarily of broad-based selling, general and administrative expense reduction and broad-based operational efficiency initiatives focusing on footprint consolidation, operational optimization and IT centralization designed to increase operating margin, enhance operations and position the Company for sustained growth and investment. The Company expects to incur additional charges of approximately $6 million during the remainder of 2020. COVID-19 has not resulted in significant restructuring costs. Additional programs, beyond the scope of the announced programs, may be implemented during 2020 with related restructuring charges.

The $7,341 of restructuring charges incurred during the first quarter of 2020 primarily included the following items:

•The Engineered Products segment recorded $358 of restructuring charges principally related to headcount reductions.

•The Fueling Solutions segment recorded $1,475 of restructuring charges principally related to headcount reductions.

•The Imaging & Identification segment recorded $256 of restructuring charges principally related to headcount reductions.

•The Pumps & Process Solutions segment recorded $3,846 of restructuring expense primarily due to headcount reductions and facility restructuring costs.

•The Refrigeration & Food Equipment segment recorded $560 of restructuring expense primarily due to headcount reductions and facility restructuring costs.

•Corporate recorded $846 of restructuring charges primarily related to headcount reductions and associated exit costs related to IT centralization initiatives.

The Company’s severance and exit accrual activities were as follows:


	Severance		Exit			Total
Balance at December 31, 2019	$	13,751	$	2,639		$	16,390
Restructuring charges	4,014		3,327			7,341
Payments	(6,510)		(2,049)			(8,559)


Other, including foreign currency translation	184		(2,376)		⁽¹⁾	(2,192)
Balance at March 31, 2020	$	11,439	$	1,541		$	12,980

⁽¹⁾ Other activity in exit reserves primarily represents the non-cash write-off of certain long-lived assets in connection with certain facility closures.

Borrowings

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Borrowings

10. Borrowings

Borrowings consisted of the following:


	March 31, 2020		December 31, 2019
Short-term
Short-term borrowings	$	500,000	$	—
Commercial paper	—		84,700
Notes payable	$	500,000	$	84,700


			Carrying amount ⁽¹⁾
	Principal		March 31, 2020		December 31, 2019
Long-term
3.150% 10-year notes due November 15, 2025	$	400,000	$	396,210	$	396,042
1.25% 10-year notes due November 9, 2026 (euro-denominated)	€	600,000	645,487		658,089
0.750% 8-year notes due November 4, 2027 (euro denominated)	€	500,000	537,463		548,008
6.65% 30-year debentures due June 1, 2028	$	200,000	199,180		199,155
2.950% 10-year notes due November 4, 2029	$	300,000	296,366		296,270
5.375% 30-year debentures due October 15, 2035	$	300,000	296,122		296,060
6.60% 30-year notes due March 15, 2038	$	250,000	247,968		247,939
5.375% 30-year notes due March 1, 2041	$	350,000	344,222		344,153



Total long-term debt			$	2,963,018	$	2,985,716

⁽¹⁾ Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were

$18.3 million and $18.9 million as of March 31, 2020 and December 31, 2019, respectively. Total deferred debt issuance costs were $15.7 million and $16.2 million as of March 31, 2020 and December 31, 2019, respectively.

As of March 31, 2020, the Company maintained a $1.0 billion five-year unsecured revolving credit facility (the "Credit Agreement") with a syndicate of banks which expires on October 4, 2024. The Company uses the Credit Agreement as liquidity back-up for its commercial paper program. On March 16, 2020, the Company borrowed $500 million due May 19, 2020 under the Credit Agreement. Proceeds from the borrowing were used to repay all of the Company's outstanding commercial paper and for general corporate purposes. The Company was in compliance with all covenants in the Credit Agreement and other long-term debt covenants at March 31, 2020 and had an interest coverage ratio of consolidated EBITDA to consolidated net interest expense of 11.2 to 1.

As of March 31, 2020, the Company had approximately $143.5 million outstanding in letters of credit, surety bonds, and performance and other guarantees which expire on various dates through 2029. These letters of credit and bonds are primarily issued as security for insurance, warranty and other performance obligations. In general, we would only be liable for the amount of these guarantees in the event of default in the performance of our obligations.

Financial Instruments

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure

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 to occur within the next twelve months that are denominated in non-functional currencies, with currency forward contracts designated as cash flow hedges. At March 31, 2020 and December 31, 2019, the Company had contracts with total notional amounts of $170,672 and $179,580, respectively, to exchange currencies, principally Euro, Pound Sterling, Swedish Krona, Chinese Yuan, Canadian Dollar, and Swiss Franc. The Company believes it is probable that all forecasted cash flow transactions will occur.

In addition, the Company had outstanding contracts with a total notional amount of $76,553 and $79,707 as of March 31, 2020 and December 31, 2019, 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 March 31, 2020 and December 31, 2019 and the balance sheet lines in which they are recorded:


	Fair Value Asset (Liability)
	March 31, 2020		December 31, 2019		Balance Sheet Caption
Foreign currency forward	$	1,826	$	2,892	Prepaid / Other current assets
Foreign currency forward	(2,979)		(476)		Other accrued expenses

For a cash flow hedge, the change in estimated fair value of a hedging instrument is recorded in accumulated other comprehensive (loss) earnings as a separate component of the Condensed Consolidated Statements of Stockholders' Equity and is reclassified into revenues and cost of goods and services in the Condensed Consolidated Statements of Earnings during the period in which the hedged transaction is recognized. The amount of gains or losses from hedging activity recorded in earnings is not significant, and the amount of unrealized gains and losses from cash flow hedges that are expected to be reclassified to earnings in the next twelve months is not significant; therefore, additional tabular disclosures are not presented. There are no amounts excluded from the assessment of hedge effectiveness and the Company's derivative instruments that are subject to credit risk contingent features were not significant.

The Company is exposed to credit loss in the event of nonperformance by counterparties to the financial instrument contracts held by the Company; however, nonperformance by these counterparties is considered unlikely as the Company’s policy is to contract with highly-rated, diversified counterparties.

The Company has designated the €600,000 and €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 of the Condensed Consolidated Statements of Comprehensive Earnings to offset changes in the value of the net investment in euro-denominated operations.

Amounts recognized in other comprehensive earnings for the gains (losses) on net investment hedges were as follows:


	Three Months Ended March 31,
	2020		2019
Gain on euro-denominated debt	$	23,624	$	3,557
Tax expense	(5,139)		(747)
Net gain on net investment hedges, net of tax	$	18,485	$	2,810

Fair Value Measurements

ASC 820, Fair Value Measurements and Disclosures, establishes a fair value hierarchy that requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the hierarchy is based on the lowest level of input that is significant to the fair value measurement. ASC 820 establishes three levels of inputs that may be used to measure fair value.

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 inputs include inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of assets or liabilities.

Level 3 inputs are unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019:


	March 31, 2020		December 31, 2019
	Level 2		Level 2
Assets:
Foreign currency cash flow hedges	$	1,826	$	2,892
Liabilities:
Foreign currency cash flow hedges	2,979		476

In addition to fair value disclosure requirements related to financial instruments carried at fair value, accounting standards require interim disclosures regarding the fair value of all of the Company’s financial instruments.

The estimated fair value of long-term debt, net at March 31, 2020 and December 31, 2019, was $3,311,012 and $3,322,033, respectively. The estimated fair value of long-term debt is based on quoted market prices for similar instruments and is, therefore, classified as Level 2 within the fair value hierarchy.

The carrying values of cash and cash equivalents, trade receivables, accounts payable and notes payable are reasonable estimates of their fair values as of March 31, 2020 and December 31, 2019 due to the short-term nature of these instruments.

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	12. Income Taxes The effective tax rates for the three months ended March 31, 2020 and 2019 were 17.4% and 23.6%, respectively. The decrease in the effective tax rate for the three months ended March 31, 2020 relative to the prior comparable period is primarily driven by favorable audit settlements. The three months ended March 31, 2019 includes a discrete tax benefit from stock exercises, partially offset by the exclusion of capital losses on the sale of Finder under local tax law. Dover and its subsidiaries file tax returns in the U.S., including various state and local returns, and in other foreign jurisdictions. We believe adequate provision has been made for all income tax uncertainties. The Company is routinely audited by taxing authorities in its filing jurisdictions, and a number of these audits are currently underway. The Company believes that within the next twelve months uncertain tax positions may be resolved and statutes of limitations will expire, which could result in a decrease in the gross amount of unrecognized tax benefits of approximately zero to $9.3 million.

Equity Incentive Program

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Share-based Compensation

13. Equity Incentive Program

The Company typically grants equity awards annually at its regularly scheduled first quarter meeting of the Compensation Committee of the Board of Directors. During the three months ended March 31, 2020, the Company issued stock-settled appreciation rights ("SARs") covering 389,603 shares, performance share awards of 49,056 and restricted stock units ("RSUs") of 78,553.

The Company uses the Black-Scholes option pricing model to determine the fair value of each SAR on the date of grant. Expected volatilities are based on Dover's stock price history, including implied volatilities from traded options on Dover stock. The Company uses historical data to estimate SAR exercise and employee termination patterns within the valuation model. The expected life of SARs granted is derived from the output of the option valuation model and represents the average period of time that SARs granted are expected to be outstanding. The interest rate for periods within the contractual life of the SARs is based on the U.S. Treasury yield curve in effect at the time of grant.

The assumptions used in determining the fair value of the SARs awarded during the respective periods were as follows:


	SARs
	2020		2019
Risk-free interest rate	1.44	%	2.51	%
Dividend yield	1.65	%	2.13	%
Expected life (years)	5.5		5.6
Volatility	22.76	%	22.35	%

Grant price	$119.86		$91.20
Fair value per share at date of grant	$22.54		$17.55

The performance share awards granted in 2020 are market condition awards as attainment is based on Dover's performance relative to its peer group (companies listed under the S&P 500 Industrials sector) for the relevant performance period. The performance period and vesting period for these awards is approximately three years. These awards were valued on the date of grant using the Monte Carlo simulation model (a binomial lattice-based valuation model) with the following assumptions, and are generally recognized ratably over the vesting period, and is not subject to change based on future market conditions. The assumptions used in determining the fair value of the performance shares granted in 2020 were as follows:


	Performance Shares
	2020
Risk-free interest rate	1.40	%
Dividend yield	1.65	%
Expected life (years)	2.9
Volatility	23.30	%

Grant price	$119.86
Fair value per share at date of grant	$165.71

The performance share awards granted in 2019 are considered performance condition awards as attainment is based on Dover's performance relative to established internal metrics. The fair value of these awards was determined using Dover's closing stock price on the date of grant. The expected attainment of the internal metrics for these awards is analyzed each reporting period, and the related expense is adjusted based on expected attainment, if that attainment differs from previous estimates. The cumulative effect on current and prior periods of a change in attainment is recognized in selling, general and administrative expenses in the Condensed Consolidated Statements of Earnings in the period of change.

The fair value and average attainment used in determining stock-based compensation cost for the performance shares issued in 2019 is as follows for the three months ended March 31, 2020:


			Performance Shares
			2019
Fair value per share at date of grant			$91.20
Average attainment rate reflected in expense			209.31%

The Company also has granted RSUs, and the fair value of these awards was determined using Dover's closing stock price on the date of grant.

Stock-based compensation is reported within selling, general and administrative expenses 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 March 31,
	2020		2019
Pre-tax stock-based compensation expense	$	3,252	$	8,182
Tax benefit	(349)		(1,048)
Total stock-based compensation expense, net of tax	$	2,903	$	7,134

Commitments and Contingent Liabilities

3 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingent Liabilities

14. Commitments and Contingent Liabilities

Litigation

Certain of the Company’s subsidiaries are involved in legal proceedings relating to the cleanup of waste disposal sites identified under federal and state statutes that provide for the allocation of such costs among "potentially responsible parties." In each instance, the extent of the Company’s liability appears to be very small in relation to the total projected expenditures and the number of other "potentially responsible parties" involved and is anticipated to be immaterial to the Company. In addition, certain of the Company’s subsidiaries are involved in ongoing remedial activities at certain current and former plant sites, in cooperation with regulatory agencies, and appropriate estimated liabilities have been established. At March 31, 2020 and December 31, 2019, the Company had estimated liabilities totaling $30,233 and $30,608, respectively, for environmental and other matters, including private party claims for exposure to hazardous substances that are probable and estimable.

The Company and certain of its subsidiaries are also parties to a number of other legal proceedings incidental to their businesses. These proceedings primarily involve claims by private parties alleging injury arising out of use of the Company’s products, patent infringement, employment matters, and commercial disputes. Management and legal counsel, at least quarterly, review the probable outcome of such proceedings, the costs and expenses reasonably expected to be incurred and currently accrued to-date, and the availability and extent of insurance coverage. The Company has estimated liabilities for legal matters that are probable and estimable, and at March 31, 2020 and December 31, 2019, these estimated liabilities were not significant. While it is not possible at this time to predict the outcome of these legal actions, in the opinion of management, based on the aforementioned reviews, the Company is not currently involved in any legal proceedings which, individually or in the aggregate, could have a material effect on its financial position, results of operations, or cash flows.

Warranty Accruals

Estimated warranty program claims are provided for at the time of sale of the Company's products. Amounts provided for are based on historical costs and adjusted for new claims and are included within other accrued expenses and other liabilities in the Condensed Consolidated Balance Sheet. The changes in the carrying amount of product warranties through March 31, 2020 and 2019, were as follows:


	2020		2019
Beginning Balance, December 31 of the Prior Year	$	49,116	$	50,073
Provision for warranties	13,360		13,955
Settlements made	(15,526)		(14,993)
Other adjustments, including acquisitions and currency translation	(1,079)		(792)
Ending Balance, March 31	$	45,871	$	48,243

Employee Benefit Plans

3 Months Ended

Mar. 31, 2020

Defined Benefit Plan [Abstract]

Employee Benefit Plans

15. Employee Benefit Plans

Retirement Plans

The Company sponsors qualified defined benefit pension plans covering certain employees of the Company and its subsidiaries, although the U.S. qualified and non-qualified defined benefit plans are closed to new entrants. The plans’ benefits are generally based on years of service and employee compensation. The Company also provides to certain management employees, through non-qualified plans, supplemental retirement benefits in excess of qualified plan limits imposed by federal tax law.

The tables below set forth the components of the Company’s net periodic (income) expense relating to retirement benefit plans. The service cost component is recognized within selling, general and administrative expenses and cost of goods and services, depending on the functional area of the underlying employees included in the plans, and the non-operating components of pension costs are included within other income, net in the Condensed Consolidated Statements of Earnings.

Qualified Defined Benefits


	Three Months Ended March 31,
	U.S. Plan						Non-U.S. Plans
	2020		2019		2020		2019
Service cost	$	1,706	$	1,754	$	1,293	$	1,545
Interest cost	4,068		4,756		825		1,241
Expected return on plan assets	(7,869)		(8,534)		(1,677)		(1,517)
Amortization:
Prior service cost (credit)	57		76		(119)		(58)
Recognized actuarial loss	1,884		—		742		816



Net periodic (income) expense	$	(154)	$	(1,948)	$	1,064	$	2,027

Non-Qualified Supplemental Benefits


	Three Months Ended March 31,
	2020		2019
Service cost	$	318	$	486
Interest cost	441		668
Amortization:
Prior service cost	424		703
Recognized actuarial gain	(464)		(570)

Net periodic expense	$	719	$	1,287

Post-Retirement Benefit Plans

The Company also maintains post-retirement benefit plans, although these plans are closed to new entrants. The supplemental and post-retirement benefit plans are supported by the general assets of the Company. The following table sets forth the components of the Company’s net periodic expense relating to its post-retirement benefit plans:


	Three Months Ended March 31,
	2020		2019
Service cost	$	5	$	5
Interest cost	60		78
Amortization:
Prior service cost	3		3
Recognized actuarial gain	(4)		(18)

Net periodic expense	$	64	$	68

The total amount amortized out of accumulated other comprehensive earnings into net periodic pension and post-retirement expense totaled $2,523 and $952 for the three months ended March 31, 2020 and 2019, respectively.

Defined Contribution Retirement Plans

The Company also offers defined contribution retirement plans which cover the majority of its U.S. employees, as well as employees in certain other countries. The Company’s expense relating to defined contribution plans were $14,048, and $12,906 for the three months ended March 31, 2020 and 2019, respectively.

Other Comprehensive Earnings

3 Months Ended

Mar. 31, 2020

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Other Comprehensive Earnings

16. Other Comprehensive Earnings

The amounts recognized in other comprehensive (loss) earnings were as follows:


	Three Months Ended										Three Months Ended
	March 31, 2020										March 31, 2019
	Pre-tax		Tax		Net of tax		Pre-tax		Tax		Net of tax
Foreign currency translation adjustments	$	(88,415)	$	(5,139)	$	(93,554)	$	49,786	$	(747)	$	49,039
Pension and other post-retirement benefit plans	2,523		(568)		1,955		952		(205)		747
Changes in fair value of cash flow hedges	(5,074)		1,121		(3,953)		2,993		(629)		2,364

Total other comprehensive (loss) earnings	$	(90,966)	$	(4,586)	$	(95,552)	$	53,731	$	(1,581)	$	52,150

Total comprehensive earnings were as follows:


	Three Months Ended March 31,
	2020		2019
Net earnings	$	176,279	$	105,705
Other comprehensive (loss) earnings	(95,552)		52,150
Comprehensive earnings	$	80,727	$	157,855

Amounts reclassified from accumulated other comprehensive loss to earnings during the three months ended March 31, 2020 and 2019 were as follows:


	Three Months Ended March 31,
	2020		2019
Foreign currency translation:
Reclassification of foreign currency translation losses to earnings for assets held for sale	$	—	$	25,339
Tax benefit	—		—
Net of tax	$	—	$	25,339
Pension and other postretirement benefit plans:
Amortization of actuarial losses	$	2,158	$	228
Amortization of prior service costs	365		724

Total before tax	2,523		952
Tax benefit	(568)		(205)
Net of tax	$	1,955	$	747
Cash flow hedges:
Net losses (gains) reclassified into earnings	$	1,420	$	(291)
Tax (benefit) provision	(299)		61
Net of tax	$	1,121	$	(230)

The reclassification of foreign currency translation losses to earnings during the three months ended March 31, 2019 relates to the sale of Finder. See Note 4 — Disposed Operations for further details.

The Company recognizes the amortization of net actuarial gains and losses and prior service costs in other income, net within the Condensed Consolidated Statements of Earnings.

Cash flow hedges consist mainly of foreign currency forward contracts. The Company recognizes the realized gains and losses on its cash flow hedges in the same line item as the hedged transaction, such as revenue, cost of goods and services, or selling, general and administrative expenses.

Segment Information

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Segment Information

17. Segment Information

The Company categorizes its operating companies into five reportable segments as follows:

•Engineered Products segment is a provider of a wide range of products, software and services that have broad customer applications across a number of markets, including aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing.

•Fueling Solutions segment is focused on providing components, equipment and software and service solutions enabling safe transport of fuels and other hazardous fluids along the supply chain, as well as the safe and efficient operation of retail fueling and vehicle wash establishments.

•Imaging & Identification segment supplies precision marking and coding, product traceability and digital textile printing equipment, as well as related consumables, software and services.

•Pumps & Process Solutions segment manufactures specialty pumps, fluid handling components, plastics and polymer processing equipment, and highly engineered components for rotating and reciprocating machines.

•Refrigeration & Food Equipment segment is a provider of innovative and energy-efficient equipment and systems that serve the commercial refrigeration, heating and cooling and food equipment markets.

Segment financial information and a reconciliation of segment results to consolidated results was as follows:


	Three Months Ended March 31,
	2020		2019
Revenue:
Engineered Products	$	408,160	$	418,851
Fueling Solutions	359,982		373,050
Imaging & Identification	256,765		268,354
Pumps & Process Solutions	319,536		330,219
Refrigeration & Food Equipment	311,913		334,643
Intra-segment eliminations	(417)		(360)
Total consolidated revenue	$	1,655,939	$	1,724,757
Net earnings:
Segment earnings (EBIT): ⁽¹⁾
Engineered Products	$	69,094	$	67,119
Fueling Solutions	53,498		37,230
Imaging & Identification	51,482		55,955
Pumps & Process Solutions ⁽²⁾	66,079		14,991
Refrigeration & Food Equipment⁽³⁾	23,529		24,807
Total segment earnings (EBIT)	263,682		200,102
Corporate expense / other ⁽⁴⁾	24,097		30,866
Interest expense	27,268		31,808
Interest income	(1,183)		(890)
Earnings before provision for income taxes	213,500		138,318
Provision for income taxes	37,221		32,613
Net earnings	$	176,279	$	105,705

⁽¹⁾Segment earnings (EBIT) includes non-operating income and expense directly attributable to the segments. Non-operating income and expense includes gain on sale of a business and other income, net.

⁽²⁾ The three months ended March 31, 2019 includes a $46,946 loss on assets held for sale for Finder.

⁽³⁾ The three months ended March 31, 2020 includes a $6,551 gain on the sale of AMS Chino.

⁽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 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 customer:


	Three Months Ended March 31,
Revenue by geography	2020		2019
United States	$	956,640	$	919,892
Europe	361,166		402,645
Asia	154,275		196,350
Other Americas	129,049		138,118
Other	54,809		67,752
Total	$	1,655,939	$	1,724,757

Share Repurchases	3 Months Ended
Share Repurchases	Mar. 31, 2020
Stockholders' Equity Note [Abstract]
Share repurchases	18. Share Repurchases In February 2018, the Company's Board of Directors approved a standing share repurchase authorization, whereby the Company may repurchase up to 20 million shares of its common stock through December 31, 2020. This share repurchase authorization replaced the January 2015 share repurchase authorization. During the three months ended March 31, 2020, under the February 2018 authorization, the Company repurchased 548,659 shares of common stock at a total cost of $52,916, or $96.45 per share. There were no repurchases under the February 2018 authorization during the three months ended March 31, 2019. The Company has suspended further repurchases as a result of business uncertainty related to COVID-19. As of March 31, 2020, 7,811,385 shares remain authorized for repurchase under the February 2018 share repurchase authorization.

Earnings per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

19. 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 March 31,
	2020		2019


Net earnings	$	176,279	$	105,705
Basic earnings per common share:


Net earnings	$	1.22	$	0.73

Weighted average shares outstanding	144,259,000		145,087,000
Diluted earnings per common share:


Net earnings	$	1.21	$	0.72

Weighted average shares outstanding	145,782,000		146,911,000

The following table is a reconciliation of the share amounts used in computing earnings per share:


	Three Months Ended March 31,
	2020	2019
Weighted average shares outstanding - Basic	144,259,000	145,087,000
Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs	1,523,000	1,824,000
Weighted average shares outstanding - Diluted	145,782,000	146,911,000

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 65,000 and 42,000 for the three months ended March 31, 2020 and 2019, respectively.

Recent Accounting Standards	3 Months Ended
Recent Accounting Standards	Mar. 31, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Standards	20. Recent Accounting Pronouncements Recently Adopted Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which amends the impairment model by requiring entities to use a forward-looking approach based on expected losses rather than incurred losses to estimate credit losses on certain types of financial instruments, including trade receivables. This resulted in the earlier recognition of allowances for losses. In addition, the FASB issued ASU 2019-04, Codification Improvements to Topic 326 which provides clarity on certain aspects of the amendments in ASU 2016-13. The Company adopted this guidance prospectively on January 1, 2020. Upon adoption, the Company recorded a noncash cumulative effect adjustment to retained earnings of $2.1 million, net of $0.6 million of income taxes, on the opening consolidated balance sheet as of January 1, 2020. See Note 7 — Credit Losses for further details.

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events [Text Block]	21. Subsequent EventsSubsequent to March 31, 2020, the Company reduced production at our operations in response to COVID-19 related government mandates, reduced demand conditions and other operational drivers in several of our businesses. This resulted in temporary, partial closures of several facilities in the U.S. and Europe across our business. Meanwhile, certain facilities that were closed as of March 31, 2020 have re-opened. The extent of the impact of the COVID-19 outbreak on our operational and financial performance will depend on certain developments, including the duration and spread of the outbreak, its impact on our customers and suppliers and the range of governmental and community reactions to the pandemic, which are uncertain and cannot be fully predicted at this time.

Revenue (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability [Table Text Block]

The following table provides information about contract assets and contract liabilities from contracts with customers:


	March 31, 2020		December 31, 2019		January 1, 2019

Contract assets	$	13,841	$	14,894	$	9,330
Contract liabilities - current	61,508		44,001		36,461
Contract liabilities - non-current	10,363		9,121		9,382

Acquisitions (Tables)

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following presents the preliminary allocation of purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at acquisition date:


	Total
Current assets, net of cash acquired	$	19,816
Property, plant and equipment	1,580
Goodwill	125,381
Intangible assets	88,900

Current liabilities	(15,073)
Other liabilities	(12,183)
Net assets acquired	$	208,421

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The amounts assigned to goodwill and major intangible asset classifications were as follows:


	Amount allocated		Useful life (in years)
Goodwill - tax deductible	$	33,125	na
Goodwill - non deductible	92,256		na
Customer intangibles	74,100		12

Trademarks	5,100		15
Other intangibles	9,700		6 - 9
	$	214,281

Pro forma results of operations

The unaudited pro forma effects for the three months ended March 31, 2020 and 2019 were as follows:


	Three Months Ended March 31,
	2020		2019
Revenue:
As reported	$	1,655,939	$	1,724,757
Pro forma	1,661,825		1,746,533
Net earnings:
As reported	$	176,279	$	105,705
Pro forma	180,433		106,188

Inventories (Tables)

3 Months Ended

Mar. 31, 2020

Inventory, Net [Abstract]

Components of Inventory


	March 31, 2020		December 31, 2019
Raw materials	$	486,866	$	467,912
Work in progress	172,173		162,670
Finished goods	300,725		280,051
Subtotal	959,764		910,633
Less reserves	(107,689)		(104,492)
Total	$	852,075	$	806,141

Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Components of property, plant and equipment, net


	March 31, 2020		December 31, 2019
Land	$	54,580	$	56,583
Buildings and improvements	522,155		527,192
Machinery, equipment and other	1,662,535		1,648,354
Property, plant and equipment, gross	2,239,270		2,232,129
Accumulated depreciation	(1,397,457)		(1,389,811)
Property, plant and equipment, net	$	841,813	$	842,318

Credit Losses (Tables)

3 Months Ended

Mar. 31, 2020

Credit Loss [Abstract]

Accounts Receivable, Allowance for Credit Loss


	2020
Beginning Balance, January 1,	$	29,381
Adoption of ASU 2016-13, cumulative-effect adjustment to retained earnings	2,706
Provision for expected credit losses	3,703
Amounts written off charged against the allowance	(811)
Other, including dispositions and foreign currency translation	(1,078)
Ending Balance, March 31,	$	33,901

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill [Line Items]

Goodwill

The changes in the carrying value of goodwill by reportable operating segments were as follows:


	Engineered Products		Fueling Solutions		Imaging & Identification		Pumps & Process Solutions		Refrigeration & Food Equipment		Total
Balance at December 31, 2019	$	636,571	$	873,381	$	977,069	$	750,627	$	545,699	$	3,783,347
Acquisitions	33,125		—		92,256		—		—		125,381

Disposition of business	—		—		—		—		(2,841)		(2,841)
Foreign currency translation	(4,446)		(26,008)		(8,514)		(5,790)		(312)		(45,070)
Balance at March 31, 2020	$	665,250	$	847,373	$	1,060,811	$	744,837	$	542,546	$	3,860,817

Schedule of Intangible Assets

The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows:


	March 31, 2020										December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	1,467,966	$	731,391	$	736,575	$	1,410,636	$	714,566	$	696,070
Trademarks	220,805		89,123		131,682		218,064		85,791		132,273
Patents	158,612		134,360		24,252		159,376		133,677		25,699
Unpatented technologies	162,763		100,858		61,905		154,505		99,276		55,229
Distributor relationships	80,237		44,889		35,348		82,779		44,202		38,577
Drawings & manuals	26,619		22,228		4,391		27,500		22,403		5,097
Other	22,908		17,482		5,426		22,355		16,939		5,416
Total	2,139,910		1,140,331		999,579		2,075,215		1,116,854		958,361
Unamortized intangible assets:
Trademarks	96,561		—		96,561		96,653		—		96,653
Total intangible assets, net	$	2,236,471	$	1,140,331	$	1,096,140	$	2,171,868	$	1,116,854	$	1,055,014

Restructuring Activities (Tables)

3 Months Ended

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The Company's restructuring charges by segment were as follows:


	Three Months Ended March 31,
	2020		2019
Engineered Products	$	358	$	79
Fueling Solutions	1,475		738
Imaging & Identification	256		291
Pumps & Process Solutions	3,846		381
Refrigeration & Food Equipment	560		1,412
Corporate	846		35
Total	$	7,341	$	2,936

These amounts are classified in the Condensed Consolidated Statements of Earnings as follows:
Cost of goods and services	$	1,542	$	1,179
Selling, general and administrative expenses	5,799		1,757
Total	$	7,341	$	2,936

Schedule of Restructuring Reserve by Type of Cost

The Company’s severance and exit accrual activities were as follows:


	Severance		Exit			Total
Balance at December 31, 2019	$	13,751	$	2,639		$	16,390
Restructuring charges	4,014		3,327			7,341
Payments	(6,510)		(2,049)			(8,559)


Other, including foreign currency translation	184		(2,376)		⁽¹⁾	(2,192)
Balance at March 31, 2020	$	11,439	$	1,541		$	12,980

⁽¹⁾ Other activity in exit reserves primarily represents the non-cash write-off of certain long-lived assets in connection with certain facility closures.

Borrowings (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Borrowings consisted of the following:


	March 31, 2020		December 31, 2019
Short-term
Short-term borrowings	$	500,000	$	—
Commercial paper	—		84,700
Notes payable	$	500,000	$	84,700

Schedule of Long-term Debt Instruments


			Carrying amount ⁽¹⁾
	Principal		March 31, 2020		December 31, 2019
Long-term
3.150% 10-year notes due November 15, 2025	$	400,000	$	396,210	$	396,042
1.25% 10-year notes due November 9, 2026 (euro-denominated)	€	600,000	645,487		658,089
0.750% 8-year notes due November 4, 2027 (euro denominated)	€	500,000	537,463		548,008
6.65% 30-year debentures due June 1, 2028	$	200,000	199,180		199,155
2.950% 10-year notes due November 4, 2029	$	300,000	296,366		296,270
5.375% 30-year debentures due October 15, 2035	$	300,000	296,122		296,060
6.60% 30-year notes due March 15, 2038	$	250,000	247,968		247,939
5.375% 30-year notes due March 1, 2041	$	350,000	344,222		344,153



Total long-term debt			$	2,963,018	$	2,985,716

⁽¹⁾ Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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-Name Accounting Standards Codification
-Topic 835
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-Section 45
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-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 505
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-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of derivative instruments and the balance sheet lines in which they are recorded

The following table sets forth the fair values of derivative instruments held by the Company as of March 31, 2020 and December 31, 2019 and the balance sheet lines in which they are recorded:


	Fair Value Asset (Liability)
	March 31, 2020		December 31, 2019		Balance Sheet Caption
Foreign currency forward	$	1,826	$	2,892	Prepaid / Other current assets
Foreign currency forward	(2,979)		(476)		Other accrued expenses

Schedule of net investment hedges in accumulated other comprehensive income (loss)

Amounts recognized in other comprehensive earnings for the gains (losses) on net investment hedges were as follows:


	Three Months Ended March 31,
	2020		2019
Gain on euro-denominated debt	$	23,624	$	3,557
Tax expense	(5,139)		(747)
Net gain on net investment hedges, net of tax	$	18,485	$	2,810

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 March 31, 2020 and December 31, 2019:


	March 31, 2020		December 31, 2019
	Level 2		Level 2
Assets:
Foreign currency cash flow hedges	$	1,826	$	2,892
Liabilities:
Foreign currency cash flow hedges	2,979		476

Equity Incentive Program (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock-based incentive plans compensation expense


	Three Months Ended March 31,
	2020		2019
Pre-tax stock-based compensation expense	$	3,252	$	8,182
Tax benefit	(349)		(1,048)
Total stock-based compensation expense, net of tax	$	2,903	$	7,134

Stock Appreciation Rights (SARs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The assumptions used in determining the fair value of the SARs awarded during the respective periods were as follows:


	SARs
	2020		2019
Risk-free interest rate	1.44	%	2.51	%
Dividend yield	1.65	%	2.13	%
Expected life (years)	5.5		5.6
Volatility	22.76	%	22.35	%

Grant price	$119.86		$91.20
Fair value per share at date of grant	$22.54		$17.55

Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The assumptions used in determining the fair value of the performance shares granted in 2020 were as follows:


	Performance Shares
	2020
Risk-free interest rate	1.40	%
Dividend yield	1.65	%
Expected life (years)	2.9
Volatility	23.30	%

Grant price	$119.86
Fair value per share at date of grant	$165.71

Valuation assumptions

The fair value and average attainment used in determining stock-based compensation cost for the performance shares issued in 2019 is as follows for the three months ended March 31, 2020:


			Performance Shares
			2019
Fair value per share at date of grant			$91.20
Average attainment rate reflected in expense			209.31%

Commitments and Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Product Warranty Liability


	2020		2019
Beginning Balance, December 31 of the Prior Year	$	49,116	$	50,073
Provision for warranties	13,360		13,955
Settlements made	(15,526)		(14,993)
Other adjustments, including acquisitions and currency translation	(1,079)		(792)
Ending Balance, March 31	$	45,871	$	48,243

Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2020

Defined benefit pension plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Defined Benefit Plans Disclosures

Qualified Defined Benefits


	Three Months Ended March 31,
	U.S. Plan						Non-U.S. Plans
	2020		2019		2020		2019
Service cost	$	1,706	$	1,754	$	1,293	$	1,545
Interest cost	4,068		4,756		825		1,241
Expected return on plan assets	(7,869)		(8,534)		(1,677)		(1,517)
Amortization:
Prior service cost (credit)	57		76		(119)		(58)
Recognized actuarial loss	1,884		—		742		816



Net periodic (income) expense	$	(154)	$	(1,948)	$	1,064	$	2,027

Supplemental Employee Retirement Plans, Defined Benefit [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Defined Benefit Plans Disclosures

Non-Qualified Supplemental Benefits


	Three Months Ended March 31,
	2020		2019
Service cost	$	318	$	486
Interest cost	441		668
Amortization:
Prior service cost	424		703
Recognized actuarial gain	(464)		(570)

Net periodic expense	$	719	$	1,287

Post-Retirement Benefits [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Defined Benefit Plans Disclosures

Post-Retirement Benefit Plans


	Three Months Ended March 31,
	2020		2019
Service cost	$	5	$	5
Interest cost	60		78
Amortization:
Prior service cost	3		3
Recognized actuarial gain	(4)		(18)

Net periodic expense	$	64	$	68

Other Comprehensive Earnings (Tables)

3 Months Ended

Mar. 31, 2020

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Components of other comprehensive income

The amounts recognized in other comprehensive (loss) earnings were as follows:


	Three Months Ended										Three Months Ended
	March 31, 2020										March 31, 2019
	Pre-tax		Tax		Net of tax		Pre-tax		Tax		Net of tax
Foreign currency translation adjustments	$	(88,415)	$	(5,139)	$	(93,554)	$	49,786	$	(747)	$	49,039
Pension and other post-retirement benefit plans	2,523		(568)		1,955		952		(205)		747
Changes in fair value of cash flow hedges	(5,074)		1,121		(3,953)		2,993		(629)		2,364

Total other comprehensive (loss) earnings	$	(90,966)	$	(4,586)	$	(95,552)	$	53,731	$	(1,581)	$	52,150

Schedule of comprehensive income (loss)

Total comprehensive earnings were as follows:


	Three Months Ended March 31,
	2020		2019
Net earnings	$	176,279	$	105,705
Other comprehensive (loss) earnings	(95,552)		52,150
Comprehensive earnings	$	80,727	$	157,855

Schedule of amounts reclassified from accumulated other comprehensive income (loss) to earnings

Amounts reclassified from accumulated other comprehensive loss to earnings during the three months ended March 31, 2020 and 2019 were as follows:


	Three Months Ended March 31,
	2020		2019
Foreign currency translation:
Reclassification of foreign currency translation losses to earnings for assets held for sale	$	—	$	25,339
Tax benefit	—		—
Net of tax	$	—	$	25,339
Pension and other postretirement benefit plans:
Amortization of actuarial losses	$	2,158	$	228
Amortization of prior service costs	365		724

Total before tax	2,523		952
Tax benefit	(568)		(205)
Net of tax	$	1,955	$	747
Cash flow hedges:
Net losses (gains) reclassified into earnings	$	1,420	$	(291)
Tax (benefit) provision	(299)		61
Net of tax	$	1,121	$	(230)

Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Revenue and earnings from continuing operations by market segment

Segment financial information and a reconciliation of segment results to consolidated results was as follows:


	Three Months Ended March 31,
	2020		2019
Revenue:
Engineered Products	$	408,160	$	418,851
Fueling Solutions	359,982		373,050
Imaging & Identification	256,765		268,354
Pumps & Process Solutions	319,536		330,219
Refrigeration & Food Equipment	311,913		334,643
Intra-segment eliminations	(417)		(360)
Total consolidated revenue	$	1,655,939	$	1,724,757
Net earnings:
Segment earnings (EBIT): ⁽¹⁾
Engineered Products	$	69,094	$	67,119
Fueling Solutions	53,498		37,230
Imaging & Identification	51,482		55,955
Pumps & Process Solutions ⁽²⁾	66,079		14,991
Refrigeration & Food Equipment⁽³⁾	23,529		24,807
Total segment earnings (EBIT)	263,682		200,102
Corporate expense / other ⁽⁴⁾	24,097		30,866
Interest expense	27,268		31,808
Interest income	(1,183)		(890)
Earnings before provision for income taxes	213,500		138,318
Provision for income taxes	37,221		32,613
Net earnings	$	176,279	$	105,705

⁽²⁾ The three months ended March 31, 2019 includes a $46,946 loss on assets held for sale for Finder.

⁽³⁾ The three months ended March 31, 2020 includes a $6,551 gain on the sale of AMS Chino.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following table presents revenue disaggregated by geography based on the location of the Company's customer:


	Three Months Ended March 31,
Revenue by geography	2020		2019
United States	$	956,640	$	919,892
Europe	361,166		402,645
Asia	154,275		196,350
Other Americas	129,049		138,118
Other	54,809		67,752
Total	$	1,655,939	$	1,724,757

Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Reconciliation of information used in computing basic and diluted earnings per share

The following table sets forth a reconciliation of the information used in computing basic and diluted earnings per share:


	Three Months Ended March 31,
	2020		2019


Net earnings	$	176,279	$	105,705
Basic earnings per common share:


Net earnings	$	1.22	$	0.73

Weighted average shares outstanding	144,259,000		145,087,000
Diluted earnings per common share:


Net earnings	$	1.21	$	0.72

Weighted average shares outstanding	145,782,000		146,911,000

Reconciliation of share amounts used in computing earnings per share

The following table is a reconciliation of the share amounts used in computing earnings per share:


	Three Months Ended March 31,
	2020	2019
Weighted average shares outstanding - Basic	144,259,000	145,087,000
Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs	1,523,000	1,824,000
Weighted average shares outstanding - Diluted	145,782,000	146,911,000

Spin-off of Apergy Corporation (Detail) € in Thousands	Mar. 31, 2020 EUR (€)
Note due 2026 [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Debt Instrument, Face Amount	€ 600,000

Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 1,655,939	$ 1,724,757
United States
Disaggregation of Revenue [Line Items]
Revenue	956,640	919,892
Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue	361,166	402,645
Asia [Member]
Disaggregation of Revenue [Line Items]
Revenue	154,275	196,350
Other Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue	129,049	138,118
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue	54,809	67,752
Engineered Products Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue	408,160	418,851
Fueling Solutions Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue	359,982	373,050
Refrigeration and Food Equipment Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue	311,913	334,643
Intersegment Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ (417)	$ (360)

Remaining Performance Obligation (Details) $ in Millions	Mar. 31, 2020 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 156.0

Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended
Contract Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Jan. 01, 2019
Change in Contract with Customer, Asset and Liability [Abstract]
Revenue recognized that was included in the contract liability balance at the beginning of the period	$ (21,133)	$ (15,414)
Contract with Customer, Asset and Liability [Abstract]
Contract assets balance	13,841		$ 14,894	$ 9,330
Contract liabilities - current	61,508		44,001	36,461
Contract liabilities - non-current	$ 10,363		$ 9,121	$ 9,382

Acquisitions (Details) - USD ($)	3 Months Ended
Acquisitions (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Business Acquisition [Line Items]
Current Assets	$ 19,816,000
Property, Plant, and Equipment	1,580,000
Goodwill - non deductible	125,381,000
Goodwill - tax deductible	33,125,000
Intangibles	88,900,000
Current Liabilities	15,073,000
Payments to Acquire Businesses, Net of Cash Acquired	208,421,000
Goodwill and intangible assets	214,281,000
Other assets and deferred charges	12,183,000
Revenue [Abstract]
As reported	1,655,939,000	$ 1,724,757,000
Pro forma	1,661,825,000	1,746,533,000
Net earnings [Abstract]
As reported	176,279,000	105,705,000
Pro forma	180,433,000	106,188,000
Customer Relationships [Member]
Business Acquisition [Line Items]
Intangibles	74,100,000
Trademarks [Member]
Business Acquisition [Line Items]
Intangibles	$ 5,100,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Customer-Related Intangible Assets
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years
Other Intangible Assets [Member]
Business Acquisition [Line Items]
Intangibles	$ 9,700,000
Belanger [Member]
Business Acquisition [Line Items]
Goodwill - non deductible		97,817
Intangibles		77,000,000
Payments to Acquire Businesses, Net of Cash Acquired		$ 175,083
Systech [Member]
Business Acquisition [Line Items]
Goodwill - non deductible	92,256,000
Intangibles	76,100,000
Payments to Acquire Businesses, Net of Cash Acquired	162,942,000
Soft-Pak [Member]
Business Acquisition [Line Items]
Goodwill - tax deductible	33,125,000
Intangibles	12,800,000
Payments to Acquire Businesses, Net of Cash Acquired	$ 45,479,000
Minimum [Member] \| Other Intangible Assets [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	6 years
Minimum [Member] \| Belanger [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		9 years
Maximum [Member] \| Other Intangible Assets [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Maximum [Member] \| Belanger [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		15 years

Disposed Operations (Details) - USD ($) $ in Thousands	3 Months Ended
Disposed Operations (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of Long-Lived Assets to be Disposed of		$ (21,607)
Loss on assets held for sale	$ 0	(46,946)
Foreign Currency Translation Gains (Losses)		25,339
Proceeds from sale of businesses	$ 16,850	2,245
Proceeds from Divestiture of Businesses, Net of Cash Divested		$ 24,218

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Inventory, Net [Abstract]
Raw materials	$ 486,866	$ 467,912
Work in progress	172,173	162,670
Finished goods	300,725	280,051
Subtotal	959,764	910,633
Less reserves	(107,689)	(104,492)
Total	$ 852,075	$ 806,141

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Cost	$ 2,239,270		$ 2,232,129
Accumulated depreciation	(1,397,457)		(1,389,811)
Total	841,813		842,318
Depreciation expense	34,555	$ 32,188
Land [Member]
Property, Plant and Equipment [Line Items]
Cost	54,580		56,583
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Cost	522,155		527,192
Machinery, equipment and other [Member]
Property, Plant and Equipment [Line Items]
Cost	$ 1,662,535		$ 1,648,354

Credit Losses (Details) - USD ($)	3 Months Ended
Credit Losses (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Credit Loss [Abstract]
Allowance for doubtful accounts receivable	$ 33,901,000	$ 29,381,000
Cumulative Effect on Retained Earnings, before Tax	2,706,000
Provision for Other Credit Losses	3,703,000
Accounts Receivable, Credit Loss Expense (Reversal)	811,000
Accounts Receivable, Other, Including Dispositions and Foreign Currency	(1,078,000)
Cumulative Effect on Retained Earnings, Tax	600,000
Cumulative Effect on Retained Earnings, Net of Tax	$ 2,100,000

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Goodwill [Roll Forward]
Goodwill Balance	$ 3,860,817	$ 3,783,347
Goodwill - non deductible	125,381
Goodwill, Written off Related to Sale of Business Unit	(2,841)
Foreign Currency Translation	(45,070)
Balance	3,860,817
Engineered Products Segment [Member]
Goodwill [Roll Forward]
Goodwill Balance	665,250	636,571
Goodwill - non deductible	33,125
Goodwill, Written off Related to Sale of Business Unit	0
Foreign Currency Translation	(4,446)
Balance	665,250
Fueling Solutions Segment [Member]
Goodwill [Roll Forward]
Goodwill Balance	847,373	873,381
Goodwill - non deductible	0
Goodwill, Written off Related to Sale of Business Unit	0
Foreign Currency Translation	(26,008)
Balance	847,373
Refrigeration and Food Equipment Segment [Member]
Goodwill [Roll Forward]
Goodwill Balance	542,546	545,699
Goodwill - non deductible	0
Goodwill, Written off Related to Sale of Business Unit	(2,841)
Foreign Currency Translation	(312)
Balance	542,546
Imaging & Identification Segment
Goodwill [Roll Forward]
Goodwill Balance	1,060,811	977,069
Goodwill - non deductible	92,256
Goodwill, Written off Related to Sale of Business Unit	0
Foreign Currency Translation	(8,514)
Balance	1,060,811
Pumps & Process Solutions Segment
Goodwill [Roll Forward]
Goodwill Balance	744,837	$ 750,627
Goodwill - non deductible	0
Goodwill, Written off Related to Sale of Business Unit	0
Foreign Currency Translation	(5,790)
Balance	$ 744,837

Goodwill and Other Intangible Assets - Intangible Assets and Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 2,139,910		$ 2,075,215
Accumulated amortization	1,140,331		1,116,854
Finite-Lived Intangible Assets, Net	999,579		958,361
Intangible Assets, Gross (Excluding Goodwill)	2,236,471		2,171,868
Intangible assets, net	1,096,140		1,055,014
Amortization expense	34,197	$ 35,550
Acquisition-related amortization expense	33,817	$ 35,155
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	0		0
Customer Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,467,966		1,410,636
Accumulated amortization	731,391		714,566
Finite-Lived Intangible Assets, Net	736,575		696,070
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	220,805		218,064
Accumulated amortization	89,123		85,791
Finite-Lived Intangible Assets, Net	131,682		132,273
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	158,612		159,376
Accumulated amortization	134,360		133,677
Finite-Lived Intangible Assets, Net	24,252		25,699
Unpatented Technologies [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	162,763		154,505
Accumulated amortization	100,858		99,276
Finite-Lived Intangible Assets, Net	61,905		55,229
Distributor Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	80,237		82,779
Accumulated amortization	44,889		44,202
Finite-Lived Intangible Assets, Net	35,348		38,577
Drawings and Manuals [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	26,619		27,500
Accumulated amortization	22,228		22,403
Finite-Lived Intangible Assets, Net	4,391		5,097
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	22,908		22,355
Accumulated amortization	17,482		16,939
Finite-Lived Intangible Assets, Net	$ 5,426		$ 5,416

Goodwill and Other Intangible Assets - Indefinite-lived Intangibles (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Trademarks [Member]
Unamortized Intangible Assets [Abstract]
Gross carrying amount	$ 96,561	$ 96,653

Restructuring Activities (Details) - USD ($)	3 Months Ended
Restructuring Activities (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 7,341,000	$ 2,936,000
Restructuring and Related Cost, Expected Cost	6,000,000
Restructuring Reserve [Roll Forward]
Severance and other restructuring reserve, beginning balance	16,390,000
Provision	7,341,000
Payments	(8,559,000)
Other, including foreign currency translation	(2,192,000)
Severance and other restructuring reserve, ending balance	12,980,000
Engineered Products Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	358,000	79,000
Fueling Solutions Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,475,000	738,000
Refrigeration and Food Equipment Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	560,000	1,412,000
Corporate, Non-Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	846,000	35,000
Imaging & Identification Segment
Restructuring Cost and Reserve [Line Items]
Restructuring charges	256,000	291,000
Pumps & Process Solutions Segment
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3,846,000	381,000
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Severance and other restructuring reserve, beginning balance	13,751,000
Provision	4,014,000
Payments	(6,510,000)
Other, including foreign currency translation	184,000
Severance and other restructuring reserve, ending balance	11,439,000
Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Severance and other restructuring reserve, beginning balance	2,639,000
Provision	3,327,000
Payments	(2,049,000)
Other, including foreign currency translation	(2,376,000)
Severance and other restructuring reserve, ending balance	1,541,000
Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,542,000	1,179,000
Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 5,799,000	$ 1,757,000

Borrowings (Details) € in Thousands, $ in Thousands	3 Months Ended
Borrowings (Details) € in Thousands, $ in Thousands	Mar. 31, 2020 USD ($)	Mar. 31, 2020 EUR (€)	Dec. 31, 2019 USD ($)
Short-term borrowings [Abstract]
Commercial Paper	$ 0		$ 84,700
Notes payable and current maturities of long-term debt	500,000		84,700
Long-term borrowings [Abstract]
Net long-term debt	2,963,018		2,985,716
Unamortized debt discounts	18,300		18,900
Deferred debt issuance costs	15,700		16,200
Line of Credit Facility [Abstract]
Unsecured revolving credit facility, maximum borrowing capacity	$ 1,000,000
Line of Credit Facility, Covenant Compliance	The Company was in compliance with all covenants in the Credit Agreement and other long-term debt covenants at March 31, 2020 and had an interest coverage ratio of consolidated EBITDA to consolidated net interest expense of 11.2 to 1.
Letters of Credit Outstanding, Amount	$ 143,500
Current poriton of long-term debt and short-term borrowings	500,000		0
Note due 2025 [Member]
Long-term borrowings [Abstract]
Long-term debt	396,210		396,042
Debt Instrument, Face Amount	400,000
Note due 2026 [Member]
Long-term borrowings [Abstract]
Long-term debt	645,487		658,089
Debt Instrument, Face Amount \| €		€ 600,000
Debentures due 2028 [Member]
Long-term borrowings [Abstract]
Long-term debt	199,180		199,155
Debt Instrument, Face Amount	200,000
Debenture due 2035 [Member]
Long-term borrowings [Abstract]
Long-term debt	296,122		296,060
Debt Instrument, Face Amount	300,000
Note due 2038 [Member]
Long-term borrowings [Abstract]
Long-term debt	247,968		247,939
Debt Instrument, Face Amount	250,000
Note due 2041 [Member]
Long-term borrowings [Abstract]
Long-term debt	344,222		344,153
Debt Instrument, Face Amount	350,000
Note due 2027 [Member]
Long-term borrowings [Abstract]
Long-term debt	537,463		548,008
Debt Instrument, Face Amount \| €		€ 500,000
Notes due 2029
Long-term borrowings [Abstract]
Long-term debt	296,366		$ 296,270
Debt Instrument, Face Amount	$ 300,000

Financial Instruments (Details) € in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020 USD ($)	Mar. 31, 2019 USD ($)	Mar. 31, 2020 EUR (€)	Dec. 31, 2019 USD ($)
Derivatives, Fair Value [Line Items]
Gain (loss) on euro-denominated debt	$ 23,624	$ 3,557
Tax (expense) benefit	(5,139)	(747)
Net gain (loss) on net investment hedge, net of tax	18,485	$ 2,810
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	170,672			$ 179,580
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	76,553			79,707
Foreign Exchange Forward [Member] \| Designated as Hedging Instrument [Member] \| Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Fair Value - Asset	1,826			2,892
Foreign Exchange Forward [Member] \| Designated as Hedging Instrument [Member] \| Other Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Fair Value - Liability	$ 2,979			$ 476
Note due 2026 [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Face Amount \| €			€ 600,000
Note due 2026 [Member] \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Face Amount \| €			600,000
Note due 2027 [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Face Amount \| €			500,000
Note due 2027 [Member] \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Face Amount \| €			€ 500,000

Financial Instruments - Balance Sheet Location (Details) - Fair Value, Measurements, Recurring [Member] - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets [Abstract]
Foreign currency cash flow hedges - asset	$ 1,826	$ 2,892
Liabilities [Abstract]
Foreign currency cash flow hedges - liability	$ 2,979	$ 476

Financial Instruments - Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 2,963,018	$ 2,985,716
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	3,311,012	3,322,033
Fair Value, Measurements, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency cash flow hedges - asset	1,826	2,892
Foreign currency cash flow hedges - liability	$ (2,979)	$ (476)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Effective tax rate (in hundredths)	17.40%	23.60%
Minimum [Member]
Significant change in unrecognized tax benefits is reasonably possible, estimated range of change, lower bound	$ 0
Maximum [Member]
Significant change in unrecognized tax benefits is reasonably possible, estimated range of change, lower bound	$ 9,300

Equity Incentive Program (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock-based compensation expense [Abstract]
Pre-tax stock-based compensation expense	$ 3,252	$ 8,182
Tax benefit	(349)	(1,048)
Total stock-based compensation expense, net of tax	$ 2,903	$ 7,134
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards issued during period (in shares)	389,603
Risk-free interest rate (in hundredths)	1.44%	2.51%
Dividend yield (in hundredths)	1.65%	2.13%
Expected life (in years)	5 years 6 months	5 years 7 months 6 days
Volatility (in hundredths)	22.76%	22.35%
Grant price (in dollars per share)		$ 91.20
Fair value at date of grant (in dollars per share)	$ 22.54	17.55
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards issued during period (in shares)	78,553
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards issued during period (in shares)	49,056
Risk-free interest rate (in hundredths)	1.40%
Dividend yield (in hundredths)	1.65%
Expected life (in years)	2 years 10 months 24 days
Volatility (in hundredths)	23.30%
Grant price (in dollars per share)	$ 119.86
Fair value at date of grant (in dollars per share)	$ 165.71	$ 91.20
Performance share attainment		209.31%

Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Accrual for environmental loss contingencies	$ 30,233		$ 30,608
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Beginning balance	49,116	$ 50,073
Provision for warranties	13,360	13,955
Settlements made	(15,526)	(14,993)
Other adjustments, including acquisitions and currency translation	(1,079)	(792)
Ending balance	$ 45,871	$ 48,243

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Net periodic benefit cost [Abstract]
Total amount amortized out of accumulated other comprehensive income	$ 2,523	$ 952
Defined contribution plan expense	14,048	12,906
Post-Retirement Benefits [Member]
Net periodic benefit cost [Abstract]
Service cost	5	5
Interest cost	60	78
Prior service cost (credit)	3	3
Recognized actuarial loss	(4)	(18)
Net periodic (income)/expense	64	68
Qualified Plan [Member] \| Defined benefit pension plans \| United States
Net periodic benefit cost [Abstract]
Service cost	1,706	1,754
Interest cost	4,068	4,756
Expected return on plan assets	(7,869)	(8,534)
Prior service cost (credit)	57	76
Recognized actuarial loss	1,884	0
Net periodic (income)/expense	(154)	(1,948)
Qualified Plan [Member] \| Defined benefit pension plans \| Foreign Pension Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Service cost	1,293	1,545
Interest cost	825	1,241
Expected return on plan assets	(1,677)	(1,517)
Prior service cost (credit)	(119)	(58)
Recognized actuarial loss	742	816
Net periodic (income)/expense	1,064	2,027
Nonqualified Plan [Member] \| Supplemental Employee Retirement Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Service cost	318	486
Interest cost	441	668
Prior service cost (credit)	424	703
Recognized actuarial loss	(464)	(570)
Net periodic (income)/expense	$ 719	$ 1,287

Other Comprehensive Earnings (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Foreign currency translation adjustments [Abstract]
Foreign currency translation adjustments, before tax	$ (88,415)	$ 49,786
Foreign currency translation adjustments, tax	(5,139)	(747)
Total foreign currency translation adjustment	(93,554)	49,039
Pension and other postretirement benefit plans [Abstract]
Pension and other postretirement benefit plans, before tax	2,523	952
Pension and other postretirement benefit plans, tax	(568)	(205)
Total pension and other postretirement benefit plans	1,955	747
Changes in fair value of cash flow hedges [Abstract]
Changes in fair value of cash flow hedges, before tax	(5,074)	2,993
Changes in fair value of cash flow hedges, tax	1,121	(629)
Total cash flow hedges	(3,953)	2,364
Total other comprehensive earnings [Abstract]
Other comprehensive earnings (loss), before Tax	(90,966)	53,731
Other comprehensive earnings (loss), tax	(4,586)	(1,581)
Other comprehensive (loss) earnings	(95,552)	52,150
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net earnings	176,279	105,705
Other comprehensive earnings (loss)	(95,552)	52,150
Comprehensive earnings	80,727	157,855
Other Comprehensive Income Loss Reclassification Adjustment from AOCI Foreign Currency Translation Net of Tax [Abstract]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax		(25,339)
Tax benefit	0	0
Net of tax	0	25,339
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans Net Of Tax Abstract [Abstract]
Amortization of actuarial losses	2,158	228
Amortization of prior service costs	365	724
Total before tax	2,523	952
Tax (benefit) provision	(568)	(205)
Net of tax	1,955	747
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Derivatives Net of Tax [Abstract]
Net (gains) losses reclassified into earnings	1,420	(291)
Tax expense (benefit)	(299)	61
Net of tax	$ 1,121	$ (230)

Segment Information (Details) $ in Thousands	3 Months Ended
Segment Information (Details) $ in Thousands	Mar. 31, 2020 USD ($) segments	Mar. 31, 2019 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segments	5
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	$ 1,655,939	$ 1,724,757
Interest Expense	27,268	31,808
Interest Income	(1,183)	(890)
Earnings before provision for income taxes	213,500	138,318
Provision for income taxes	(37,221)	(32,613)
Earnings from continuing operations	176,279	105,705
Loss on assets held for sale	0	(46,946)
United States
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	956,640	919,892
Europe [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	361,166	402,645
Asia [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	154,275	196,350
Other Americas [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	129,049	138,118
Other [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	54,809	67,752
Engineered Products Segment [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	408,160	418,851
Earnings before provision for income taxes	69,094	67,119
Fueling Solutions Segment [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	359,982	373,050
Earnings before provision for income taxes	53,498	37,230
Imaging & Identification Segment
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	256,765	268,354
Earnings before provision for income taxes	51,482	55,955
Pumps & Process Solutions Segment
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	319,536	330,219
Earnings before provision for income taxes	66,079	14,991
Refrigeration and Food Equipment Segment [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	311,913	334,643
Earnings before provision for income taxes	23,529	24,807
Intersegment Eliminations [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	(417)	(360)
Total segments [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Earnings before provision for income taxes	263,682	200,102
Corporate expense / other [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Earnings before provision for income taxes	$ 24,097	$ 30,866

Share Repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share Repurchases [Line Items]
Purchase of common stock	$ 52,916	$ 0
February 2018 Authorization [Member]
Share Repurchases [Line Items]
Number of shares authorized to be repurchased		20,000,000
Share repurchases	548,659
Purchase of common stock	$ 52,916
Treasury Stock Acquired, Average Cost Per Share	$ 96.45
Remaining number of shares authorized to be repurchased	7,811,385

Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings from continuing operations	$ 176,279	$ 105,705
Net earnings	$ 176,279	$ 105,705
Basic earnings (loss) per common share:
Net earnings (in dollars per basic share)	$ 1.22	$ 0.73
Weighted average shares outstanding - basic (in shares)	144,259,000	145,087,000
Diluted earnings (loss) per common share:
Net earnings (in dollars per diluted share)	$ 1.21	$ 0.72
Weighted average shares outstanding - diluted (in shares)	145,782,000	146,911,000
Reconciliation Of Share Amounts Used In Computing Earnings Per Share [Abstract]
Weighted average shares outstanding - basic (in shares)	144,259,000	145,087,000
Dilutive effect of assumed exercise of SAR's and vesting of performance shares (in shares)	1,523,000	1,824,000
Weighted average shares outstanding - diluted (in shares)	145,782,000	146,911,000
Antidilutive securities excluded from computation of earnings per share	65,000	42,000

Subsequent Events (Details) $ in Billions	Mar. 31, 2020 USD ($)
Subsequent Events [Abstract]
Unsecured revolving credit facility, maximum borrowing capacity	$ 1.0