v3.26.1
REVENUES (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of operating lease revenue
The Company’s operating lease revenue, including an immaterial amount of variable lease revenue, was as follows:
Second Quarter EndedSix Months Ended
June 30June 30
(millions)2026202520262025
Operating lease revenue$153.4 $137.7 $302.1 $274.2 
Schedule of principal activities, separated by reportable segments and geographic region
The following table shows principal activities, separated by reportable segments, from which the Company generates its revenue.
Net sales at public exchange rates by reportable segment are as follows:
Second Quarter EndedSix Months Ended
June 30June 30
(millions)2026202520262025
Global Water
Product and sold equipment$1,926.5 $1,724.0 $3,695.9 $3,324.3 
Service and lease equipment296.9 253.3 570.5 479.4 
Global Institutional & Specialty
Product and sold equipment1,312.4 1,256.7 2,525.6 2,397.0 
Service and lease equipment308.4 287.9 606.6 565.6 
Global Pest Elimination
Product and sold equipment- - - - 
Service and lease equipment351.1 317.4 661.9 598.0 
Global Life Sciences
Product and sold equipment210.5 176.1 402.5 337.4 
Service and lease equipment9.6 9.8 18.5 18.5 
Total
Total product and sold equipment$3,449.4 $3,156.8 $6,624.0 $6,058.7 
Total service and lease equipment$966.0 $868.4 $1,857.5 $1,661.5 
Net sales at public exchange rates by geographic region for the second quarter ended June 30 are as follows:
Global
Water		Global Institutional
& Specialty		Global
Pest Elimination		Global
Life Sciences
20262025202620252026202520262025
United States$955.3 $851.6 $1,070.9 $1,024.5 $246.8 $222.9 $58.8 $55.0 
Europe451.2 411.2 265.6 258.7 55.1 51.2 112.0 91.5 
Asia Pacific256.7 231.2 88.7 79.1 10.3 8.8 10.4 11.6 
Latin America226.5 194.4 55.6 51.0 17.0 14.6 5.3 4.3 
Greater China156.9 104.0 52.6 47.3 16.6 15.1 19.3 13.7 
India, Middle East and Africa112.7 126.4 22.0 23.0 1.9 1.7 8.8 8.9 
Canada64.1 58.5 65.4 61.0 3.4 3.1 5.5 0.9 
Total$2,223.4 $1,977.3 $1,620.8 $1,544.6 $351.1 $317.4 $220.1 $185.9 

Net sales at public exchange rates by geographic region for the six months ended June 30 are as follows:

Global
Water		Global Institutional
& Specialty		Global
Pest Elimination		Global
Life Sciences
20262025202620252026202520262025
United States$1,833.9 $1,668.5 $2,065.2 $1,963.0 $458.1 $418.1 $106.7 $104.1 
Europe868.3 767.5 508.1 484.7 107.9 95.5 211.8 177.3 
Asia Pacific497.8 452.2 174.0 154.3 19.8 16.7 29.2 21.9 
Latin America425.5 374.7 108.7 100.2 33.2 28.7 8.7 9.4 
Greater China298.9 202.2 107.5 97.1 32.6 29.8 37.5 25.2 
India, Middle East and Africa219.2 226.4 41.9 44.8 3.8 3.4 17.5 16.2 
Canada122.8 112.2 126.8 118.5 6.5 5.8 9.6 1.8 
Total$4,266.4 $3,803.7 $3,132.2 $2,962.6 $661.9 $598.0 $421.0 $355.9 
Summarized activity in the allowance for expected credit losses
The following table summarizes the activity in the allowance for expected credit losses:
Six Months Ended
June 30
(millions)20262025
Beginning balance$74.1 $70.0 
Bad debt expense36.1 25.6 
Write-offs(24.2)(23.5)
Other (a)14.7 3.2 
Ending balance$100.7 $75.3 
(a)Other amounts are primarily the effects of changes in currency translations.
Schedule of contract asset and liability Contract liabilities are recognized as revenue when the performance obligation has been performed, which primarily occurs during the subsequent quarter.
Six Months Ended
June 30
(millions)20262025
Contract liability as of beginning of the year$173.0 $102.0 
Revenue recognized in the period from:
Amounts included in the contract liability at the beginning of the year(173.0)(102.0)
Increases due to billings excluding amounts recognized as revenue during the period ended204.9 121.9 
Contract liability as of end of period$204.9 $121.9