v3.26.3
Goodwill and Other Intangible Assets
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Other Intangible Assets
8. Goodwill and Other Intangible Assets

The changes in the carrying value of goodwill by reportable segment were as follows:
Engineered ProductsClean Energy & FuelingImaging & IdentificationPumps & Process SolutionsClimate & Sustainability TechnologiesTotal
Balance at January 1, 2026$430,807 $1,759,039 $1,119,608 $1,607,260 $513,324 $5,430,038 
Acquisitions— — — 198 — 198 
Measurement period adjustments— — — 5,592 — 5,592 
Foreign currency translation(4,710)(16,695)(14,768)(18,735)(767)(55,675)
Balance at September 30, 2026$426,097 $1,742,344 $1,104,840 $1,594,315 $512,557 $5,380,153 

During the nine months ended September 30, 2026, the Company recognized measurement period adjustments of $5,592 related to the Sikora acquisition in the second quarter of 2025 in the Pumps & Process Solutions segment.

The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows:
September 30, 2026December 31, 2025
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying Amount
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying Amount
Amortized intangible assets:
Customer intangibles$2,628,620 $1,466,765 $1,161,855 $2,663,551 $1,369,528 $1,294,023 
Trademarks309,080 191,220 117,860 311,501 180,564 130,937 
Patents194,373 151,405 42,968 197,671 148,694 48,977 
Unpatented technologies364,205 220,137 144,068 369,832 203,960 165,872 
Distributor relationships84,135 78,112 6,023 85,840 75,919 9,921 
Other41,748 17,940 23,808 28,301 15,147 13,154 
Total3,622,161 2,125,579 1,496,582 3,656,696 1,993,812 1,662,884 
Unamortized intangible assets:
Trademarks96,645 — 96,645 96,732 — 96,732 
Total intangible assets, net$3,718,806 $2,125,579 $1,593,227 $3,753,428 $1,993,812 $1,759,616 

For the three months ended September 30, 2026 and 2025, amortization expense was $53,011 and $55,763, respectively. For the nine months ended September 30, 2026 and 2025, amortization expense was $160,163 and $155,738, respectively. Amortization expense is primarily comprised of acquisition-related intangible amortization.