Discontinued and Disposed Operations |
9 Months Ended |
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Sep. 30, 2026 | |
| Discontinued Operations and Disposal Groups [Abstract] | |
| Discontinued and Disposed Operations | 4. Discontinued and Disposed Operations Discontinued Operations On October 8, 2024, the Company completed the sale of the ESG business, an operating company within the Engineered Products segment, to Terex Corporation for total consideration, net of cash transferred, of $2.0 billion. The ESG sale qualifies for discontinued operations reporting because its disposal represented a strategic shift with a major effect on the Company's operations and financial results. As a result, the Company has classified the results of operations as discontinued operations in the condensed consolidated statements of earnings and the condensed consolidated statements of cash flows for the periods presented. During the three and nine months ended September 30, 2026, other post-closing adjustments of $4,417 ($3,489 after-tax) and $5,195 ($4,104 after-tax), respectively, were recorded resulting in a loss from discontinued operations in the condensed consolidated statements of earnings. During the three and nine months ended September 30, 2025, other post-closing adjustments of $1,640 ($1,296 after-tax) and net working capital adjustments and other post-closing adjustments of $13,633 ($10,782 after-tax), respectively, were recorded resulting in a loss from discontinued operations in the condensed consolidated statements of earnings. In June 2025, a jury returned a verdict against the ESG business for approximately $58.9 million in connection with litigation involving alleged breach of contract and inducement of breach of fiduciary duty claims arising from certain product development efforts. On post-trial motions, the trial court reduced the judgment. Both parties appealed the final judgment to the U.S. Court of Appeals for the Seventh Circuit. In connection with these developments, the Company recognized an immaterial expense during the quarter related to the matter. Dispositions There were no material dispositions in 2025 or 2026.
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