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Document and Entity Information - USD ($)	3 Months Ended
Document and Entity Information - USD ($)	Mar. 31, 2019	Apr. 11, 2019	Jun. 30, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	DOVER Corp
Entity Central Index Key	0000029905
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Public Float			$ 10,776,562,926
Entity Common Stock, Shares Outstanding		145,329,437
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Revenues	$ 1,724,757	$ 1,637,671
Cost of goods and services	1,101,215	1,034,842
Gross profit	623,542	602,829
Selling, General and Administrative Expense	408,466	435,026
Loss on assets held for sale	(46,946)	0
Operating earnings	168,130	167,803
Interest Expense	31,808	35,640
Interest Income	(890)	(2,058)
Other (income) expense, net	(1,106)	(30)
Earnings before provision for income taxes	138,318	134,251
Provision for income taxes	32,613	24,841
Earnings from continuing operations	105,705	109,410
Earnings (loss) from discontinued operations	0	22,025
Net earnings	$ 105,705	$ 131,435
Earnings per share from continuing operations
Earnings from continuing operations (in dollars per basic share)	$ 0.73	$ 0.71
Earnings from continuing operations (in dollars per diluted share)	0.72	0.70
Earnings (loss) per share from discontinued operations:
Earnings (loss) per share from discontinued operations (in dollars per basic share)	0	0.14
Earnings (loss) per share from discontinued operations (in dollars per diluted share)	0	0.14
Net earnings per share:
Net earnings (in dollars per basic share)	0.73	0.85
Net earnings (in dollars per diluted share)	$ 0.72	$ 0.84
Weighted average shares outstanding:
Weighted average shares outstanding - basic	145,087,000	154,520,000
Weighted average shares outstanding - diluted	146,911,000	157,090,000

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE EARNINGS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net earnings	$ 105,705	$ 131,435
Foreign currency translation adjustments [Abstract]
Foreign currency translation (losses) gains	23,700	52,308
Reclassification of foreign currency translation losses to earnings	25,339	0
Total foreign currency translation adjustment	49,039	52,308
Pension and other postretirement benefit plans [Abstract]
Amortization of actuarial losses included in net periodic pension cost	175	1,939
Amortization of prior service cost included in net periodic pension cost	572	743
Total pension and other postretirement benefit plans	747	2,682
Changes in fair value of cash flow hedges [Abstract]
Unrealized net (losses) gains arising during period	2,594	1,362
Net losses (gains) reclassified into earnings	(230)	(253)
Total cash flow hedges	2,364	1,109
Other comprehensive (loss) earnings	52,150	56,099
Comprehensive earnings	$ 157,855	$ 187,534

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 243,014	$ 396,221
Receivables, net of allowances	1,272,053	1,231,859
Inventories	828,298	748,796
Prepaid and other current assets	141,891	126,878
Assets held for sale	44,210	0
Total current assets	2,529,466	2,503,754
Property, plant and equipment, net	797,682	806,497
Goodwill	3,777,277	3,677,328
Intangible assets, net	1,149,136	1,134,256
Other assets and deferred charges	404,350	243,936
Total assets	8,657,911	8,365,771
Current liabilities:
Notes payable and current maturities of long-term debt	346,255	220,318
Accounts payable	952,162	969,531
Accrued compensation and employee benefits	176,726	212,666
Accrued insurance	99,215	97,600
Other accrued expenses	337,417	313,452
Federal and other income taxes	14,566	13,854
Liabilities held for sale	20,581	0
Total current liabilities	1,946,922	1,827,421
Long-term debt	2,940,967	2,943,660
Deferred income taxes	349,428	339,325
Noncurrent income tax payable	54,304	54,304
Other liabilities	528,837	432,395
Stockholders' Equity:
Total stockholders' equity	2,837,453	2,768,666
Total liabilities and stockholders' equity	$ 8,657,911	$ 8,365,771

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Allowance for doubtful accounts receivable	$ 29,116	$ 28,469

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive (Loss) Earnings
Balance at Dec. 31, 2017	$ 4,383,180	$ 256,992	$ 942,485	$ (5,077,039)	$ 8,455,501	$ (194,759)
Net earnings	131,435	0	0	0	131,435	0
Dividends paid	(72,691)	0	0	0	(72,691)	0
Common stock issued for the exercise of share-based awards	(14,939)	290	(15,229)	0	0	0
Share-based compensation expense	7,314	0	7,314	0	0	0
Common stock acquired, including accelerated share repurchase program	(44,977)	0	0	(44,977)	0	0
Other comprehensive loss, net of tax	56,099	0	0	0	0	56,099
Other, net	26	0	26	0	0	0
Balance at Mar. 31, 2018	4,445,622	257,282	934,596	(5,122,016)	8,527,276	(151,516)
Balance at Dec. 31, 2017	4,383,180	256,992	942,485	(5,077,039)	8,455,501	(194,759)
Balance at Dec. 31, 2018	2,768,666	257,822	886,016	(5,947,562)	7,815,486	(243,096)
Cumulative Effect of New Accounting Principle in Period of Adoption \| Accounting Standards Update 2018-02 [Member]	0	0	0	0	12,856	(12,856)
Cumulative Effect of New Accounting Principle in Period of Adoption \| Accounting Standards Update 2014-09 [Member]	175	0	0	0	175	0
Net earnings	105,705	0	0	0	105,705	0
Dividends paid	(69,809)	0	0	0	(69,809)	0
Common stock issued for the exercise of share-based awards	(19,608)	392	(20,000)	0	0	0
Share-based compensation expense	8,182	0	8,182	0	0	0
Other comprehensive loss, net of tax	52,150	0	0	0	0	52,150
Other, net	(7,833)	0	(7,833)	0	0	0
Balance at Mar. 31, 2019	$ 2,837,453	$ 258,214	$ 866,365	$ (5,947,562)	$ 7,851,382	$ (190,946)

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Dividends paid per common share (in dollars per share)	$ 0.48	$ 0.47
Preferred stock, par value per share	$ 100		$ 100
Preferred stock, shares authorized	100,000		100,000
Preferred stock, shares issued	0		0
Common stock, par value per share	$ 1		$ 1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating Activities
Net earnings	$ 105,705	$ 131,435
Loss (earnings) from discontinued operations	0	(22,025)
Loss on assets held for sale	(46,946)	0
Adjustments to reconcile net earnings to cash from operating activities:
Depreciation and amortization	67,738	68,625
Share-based compensation expense	8,182	6,745
Other, net	2,363	(5,440)
Cash effect of changes in assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):
Accounts receivable, net	(42,252)	22,781
Inventories	(73,041)	(63,554)
Prepaid expenses and other assets	(14,921)	(14,778)
Accounts payable	(22,638)	(6,690)
Accrued compensation and employee benefits	(55,559)	(69,554)
Accrued expenses and other liabilities	(16,107)	(36,029)
Accrued and deferred taxes, net	18,108	4,019
Net cash provided by operating activities	24,524	15,535
Investing Activities
Additions to property, plant and equipment	(37,122)	(44,678)
Acquisitions, net of cash and cash equivalents acquired	(175,083)	(68,385)
Proceeds from sale of property, plant, and equipment	170	2,160
Proceeds from sale of businesses	2,245	2,069
Other	(7,900)	(13,763)
Net cash (used in) provided by investing activities	(217,690)	(122,597)
Financing Activities
Repurchase of common stock, including prepayment under an accelerated share repurchase program	0	(44,977)
Change in commercial paper and notes payable	125,893	195,066
Dividends paid to stockholders	(69,809)	(72,691)
Payments to settle employee tax obligations on exercise of share-based awards	(19,608)	(14,943)
Repayments of long-term debt	0	(350,000)
Other	(409)	(1,558)
Net cash used in by financing activities	36,067	(289,103)
Cash Provided by (Used in) Operating Activities, Discontinued Operations	0	19,963
Cash Provided by (Used in) Investing Activities, Discontinued Operations	0	(13,426)
Net Cash Provided by (Used in) Discontinued Operations	0	6,537
Effect of Exchange Rate on Cash and Cash Equivalents	3,892	2,886
Net (decrease) increase in cash and cash equivalents	(153,207)	(386,742)
Cash and cash equivalents at beginning of period	396,221	753,964
Cash and cash equivalents at end of period	$ 243,014	$ 367,222

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2019
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, 2018, included in the Company's Annual Report on Form 10-K filed with the SEC on February 15, 2019. 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. On May 9, 2018, the Company completed a pro-rata distribution of the common stock of Apergy Corporation ("Apergy") to the Company's shareholders of record as of the close of business on April 30, 2018. Apergy holds entities conducting upstream energy businesses previously included in the Energy segment. As discussed in Note 5 - Discontinued and Disposed Operations, the Apergy businesses met the criteria to be reported as discontinued operations because the spin-off is a strategic shift in business that has a major effect on the Company's operations and financial results. Therefore, the Company is reporting the historical results of Apergy, including the results of operations, cash flows, and related assets and liabilities, as discontinued operations for all periods presented herein. Subsequent to the spin-off of Apergy, effective the second quarter of 2018, the Company no longer has the Energy segment and is aligned into three reportable segments. See Note 18 —Segment Information for additional information regarding the updated segments, including segment results for the three months ended March 31, 2019 and 2018. Unless otherwise noted, the accompanying Notes to the Consolidated Financial Statements have all been revised to reflect the effect of the separation of Apergy and all prior year balances have been revised accordingly to reflect continuing operations only. 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.

Spin-off of Apergy Corporation

3 Months Ended

Mar. 31, 2019

Spin-off of Apergy Corporation [Abstract]

Spin-Off of Apergy Corporation [Text Block]

2. Spin-off of Apergy Corporation

On May 9, 2018, Dover completed the distribution of Apergy to its shareholders. The transaction was completed through the pro rata distribution of 100% of the common stock of Apergy to Dover's shareholders of record as of the close of business on April 30, 2018. Each Dover shareholder received one share of Apergy common stock for every two shares of Dover common stock held as of the record date.

The following is a summary of the assets and liabilities transferred to Apergy as part of the separation on May 9, 2018:


Assets:
Cash and cash equivalents	$	10,357
Current assets	462,620
Non-current assets	1,438,760
	$	1,911,737
Liabilities:
Current liabilities	$	185,354
Non-current liabilities	119,568
	$	304,922

Net assets distributed to Apergy Corporation	$	1,606,815
Less: Cash received from Apergy Corporation	700,000
Net distribution to Apergy Corporation	$	906,815

In connection with the spin-off from the company, Apergy issued and sold $300.0 million in aggregate principal amount of its 6.375% senior notes due May 2026 in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, and incurred $415.0 million in borrowings under its new senior secured term loan facility to fund a one-time cash payment of $700.0 million to Dover. Dover received net cash of $689.6 million upon separation, which reflects $10.4 million of cash held by Apergy on the distribution date and retained by it in connection with its separation from Dover. Dover utilized the proceeds from Apergy as the primary source of funding for $1 billion of share repurchases started in December 2017 and completed in December 2018.

Included within the net assets distributed to Apergy is approximately $33 million of accumulated other comprehensive earnings attributable to Apergy, relating primarily to foreign currency translation gains, offset by unrecognized losses on pension obligations.

The historical results of Apergy, including the results of operations, cash flows, and related assets and liabilities have been reclassified to discontinued operations for all periods presented herein. See Note 5 — Held for Sale, Disposed and Discontinued Operations. Pursuant to the separation of Apergy from Dover, and the related separation and distribution agreements, any liabilities due from Dover to Apergy are not significant.

Revenue

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

3. Revenue

Effective January 1, 2018, the Company adopted Accounting Standard Codification ("ASC") Topic 606, Revenue from Contracts with Customers ("Topic 606” or “ASC 606”), using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018.

Under Topic 606, a contract with a customer is an agreement which both parties have approved, that creates enforceable rights and obligations, has commercial substance and where payment terms are identified and collectability is probable. Once the Company has entered a contract, it is evaluated to identify performance obligations. For each performance obligation, revenue is recognized as control of promised goods or services transfers to the customer in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services. The amount of revenue recognized takes into account variable consideration, such as discounts and volume rebates.

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 relates to the sale of engineered to order equipment or services 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 end markets, segments and geographic location, as it best depicts the nature and amount of the Company’s revenue.

The following table presents revenue disaggregated by end market and segment:


	Three Months Ended March 31,
	2019		2018
Printing & Identification	$	282,086	$	282,522
Industrials	405,105		389,104
Total Engineered Systems segment	687,191		671,626
Fueling & Transport	373,050		319,304
Pumps	177,439		162,309
Process Solutions	152,735		146,485
Total Fluids segment	703,224		628,098
Refrigeration	277,598		278,655
Food Equipment	57,045		59,580
Total Refrigeration & Food Equipment segment	334,643		338,235




Intra-segment eliminations	(301)		(288)
Total Consolidated Revenue	$	1,724,757	$	1,637,671

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


	Three Months Ended March 31,
	2019		2018
United States	$	919,892	$	853,002
Europe	402,645		387,178
Asia	196,350		194,603
Other Americas	138,118		133,144
Other	67,752		69,744
Total	$	1,724,757	$	1,637,671

At March 31, 2019, we estimated that $83.0 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 65% of our unsatisfied (or partially unsatisfied) performance obligations as revenue through 2020, with the remaining balance to be recognized in 2021 and thereafter.

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


	March 31, 2019		December 31, 2018		At Adoption

Contract assets	$	11,443	$	9,330	$	11,932
Contract liabilities - current	39,733		36,461		48,268
Contract liabilities - non-current	9,731		9,382		9,916

The revenue recognized during the three months ended March 31, 2019 and 2018 that was included in the contract liabilities at the beginning of the period amounted to $15,414 and $13,781, respectively.

Acquisitions

3 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

Acquisitions

4. Acquisitions

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 & Transport end market of the Fluids segment. The following presents the preliminary allocation of acquisition cost to the assets acquired and liabilities assumed, based on their estimated fair values:


	Belanger
Current assets, net of cash acquired	$	9,392
Property, plant and equipment	597
Goodwill	97,817
Intangible assets	77,000
Other assets and deferred charges	20
Current liabilities	(9,743)

Net assets acquired	$	175,083

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


	Amount allocated		Useful life (in years)
Goodwill - Tax deductible	97,817		na

Customer intangibles	54,500		9
Patents	16,000		9
Trademarks	6,500		15

	$	174,817

The goodwill recorded as a result of this acquisition reflects the benefits expected to be derived from product line expansions and operational synergies.

2018 Acquisitions

During the three months ended March 31, 2018, the Company acquired two businesses in separate transactions for total consideration of $68,385, net of cash acquired. These businesses were acquired to complement and expand upon existing operations within the Fluids and Refrigeration & Food Equipment segments. The goodwill recorded as a result of these acquisitions reflects the benefits expected to be derived from product line expansions and operational synergies. The goodwill is non-deductible for U.S. federal income tax purposes for these acquisitions.

On January 2, 2018, the Company acquired 100% of the voting stock of Ettlinger Group ("Ettlinger"), within the Fluids segment for $53,046, net of cash acquired. In connection with this acquisition, the Company recorded goodwill of $36,505 and intangible assets of $20,084, primarily related to customer intangibles. The intangible assets are being amortized over 8 to 15 years.

On January 12, 2018, the Company acquired 100% of the voting stock of Rosario Handel B.V. ("Rosario"), within the Refrigeration & Food Equipment segment for total consideration of $15,339, net of cash acquired. In connection with this acquisition, the Company recorded goodwill of $10,402 and a customer intangible asset of $4,149. The customer intangible asset is being amortized over 10 years.

Pro Forma Information

The following unaudited pro forma information illustrates the impact of 2019 and 2018 acquisitions on the Company’s revenue and earnings from operations for the three months ended March 31, 2019 and 2018, respectively.

The unaudited pro forma information assumes that the 2019 and 2018 acquisitions had taken place at the beginning of the prior year, 2018 and 2017, 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, 2019 and 2018 were as follows:


	Three Months Ended March 31,
	2019		2018
Revenue:
As reported	$	1,724,757	$	1,637,671
Pro forma	1,728,525		1,651,530
Earnings from continuing operations:
As reported	$	105,705	$	109,410
Pro forma	107,204		111,953
Basic earnings per share from continuing operations:
As reported	$	0.73	$	0.71
Pro forma	0.74		0.72
Diluted earnings per share from continuing operations:
As reported	$	0.72	$	0.70
Pro forma	0.73		0.71

Held for Sale, Disposed, and Discontinued Operations

3 Months Ended

Mar. 31, 2019

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Discontinued Operations

5. Held for Sale, Disposed and Discontinued 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.

Assets and Liabilities Held for Sale

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”) for a total consideration of approximately $23,629 net of estimated selling costs. 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.

The following table presents the assets and liabilities associated with the Finder business classified as held for sale as of March 31, 2019.


	March 31, 2019
Assets Held for Sale
Accounts receivable, net	$	12,698
Inventories	3,693
Prepaid and other current assets	1,050
Total current assets	17,441
Property, plant and equipment, net	13,596
Goodwill and intangible assets, net	34,524
Other assets and deferred charges	256
Impairment on assets held for sale	(21,607)
Total assets	$	44,210

Liabilities Held for Sale
Accounts payable	$	7,859
Other current liabilities	5,088
Total current liabilities	12,947
Deferred income taxes	7,011
Other liabilities	623
Total liabilities	$	20,581

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.

The Finder business is included in the results of the Fluids 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. The sale closed on April 2, 2019. See Note 22 — Subsequent Events for further details on the subsequent completed sale of Finder.

The Company had no assets or liabilities classified as held for sale as of December 31, 2018.

Disposed Operations

There were no dispositions during the three months ended March 31, 2019 and 2018.

Discontinued Operations

There were no discontinued operations as of and for the three months ending March 31, 2019.

In 2018, the Apergy businesses, as discussed in Note 2, met the criteria to be reported as discontinued operations because the spin-off was a strategic shift in business that has a major effect on the Company's operations and financial results. Therefore, the results of discontinued operations for the three months ended March 31, 2018 include the historical results of Apergy prior to its distribution on May 9, 2018. The three months ended March 31, 2018 included costs incurred by Dover to complete the spin-off of Apergy amounting to $11,746, reflected in selling, general and administrative expenses in discontinued operations. See Note 2 — Spin-off of Apergy Corporation for further information.

Summarized results of the Company's discontinued operations are as follows:


	Three Months Ended March 31, 2018
Revenue	$	284,041
Cost of goods and services	177,928
Gross profit	106,113
Selling, general and administrative expenses	79,123
Operating earnings	26,990
Other expense, net	484
Earnings from discontinued operations before taxes	26,506
Provision for income taxes	4,481
Earnings from discontinued operations, net of tax	$	22,025

On May 9, 2018, all assets and liabilities of Apergy were spun-off. Therefore, as of March 31, 2019 and December 31, 2018 there were no assets and liabilities classified as discontinued operations.

Inventories

3 Months Ended

Mar. 31, 2019

Inventory, Net [Abstract]

Inventory Disclosure

6. Inventories


	March 31, 2019		December 31, 2018
Raw materials	$	474,204	$	439,616
Work in progress	177,544		154,878
Finished goods	288,986		265,722
Subtotal	940,734		860,216
Less reserves	(112,436)		(111,420)
Total	$	828,298	$	748,796

Property, Plant and Equipment

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure

7. Property, Plant and Equipment, net


	March 31, 2019		December 31, 2018
Land	$	49,834	$	53,623
Buildings and improvements	518,238		529,982
Machinery, equipment and other	1,589,863		1,555,345
Property, plant and equipment, gross	2,157,935		2,138,950
Accumulated depreciation	(1,360,253)		(1,332,453)
Property, plant and equipment, net	$	797,682	$	806,497

Depreciation expense totaled $32,188 and $32,164 for the three months ended March 31, 2019 and 2018, respectively.

Leases

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

8. Leases

The Company adopted ASC Topic 842 - Leases as of January 1, 2019, using the transition method per ASU No. 2018-11 issued on July 2018 wherein entities were allowed to initially apply the new leases standard at adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Accordingly, all periods prior to January 1, 2019 were presented in accordance with the previous ASC Topic 840, Leases, and no retrospective adjustments were made to the comparative periods presented. Adoption of ASC 842 resulted in an increase to total assets and liabilities due to the recording of operating lease right-of-use assets ("ROU") and operating lease liabilities of approximately $163 million, as of January 1, 2019. Finance leases were not impacted by the adoption of ASC 842, as finance lease liabilities and the corresponding ROU assets were already recorded in the balance sheet under the previous guidance, ASC 840. The adoption did not materially impact the Company’s Consolidated Statements of Earnings or Cash Flows.

The Company has operating and finance leases for corporate offices, manufacturing plants, research and development facilities, shared services facilities, vehicle fleets and certain office and manufacturing equipment. Leases with an initial term of 12 months or less are not recorded in the balance sheet. The Company has elected the practical expedient to account for each separate lease component of a contract and its associated non-lease components as a single lease component, thus causing all fixed payments to be capitalized. The Company also elected the package of practical expedients permitted within the new standard, which among other things, allows the Company to carry forward historical lease classification. Variable lease payment amounts that cannot be determined at the commencement of the lease such as increases in lease payments based on changes in index rates or usage, are not included in the ROU assets or liabilities. These are expensed as incurred and recorded as variable lease expense.

The Company determines if an arrangement is a lease at inception of a contract. Operating lease ROU assets are included in other assets and deferred charges and operating lease liabilities are included in other accrued expenses and other liabilities in the Consolidated Balance Sheet. Finance lease ROU assets are included in property and equipment, and the related lease liabilities are included in other accrued expenses and other liabilities in the Consolidated Balance Sheet.

ROU assets represent the Company's right to use an underlying asset during the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at commencement date based on the net present value of fixed lease payments over the lease term. The Company's lease term include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. ROU assets also include any advance lease payments made and exclude lease incentives. As most of the Company's operating leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Finance lease agreements generally include an interest rate that is used to determine the present value of future lease payments. Operating fixed lease expense and finance lease depreciation expense are recognized on a straight-line basis over the lease term.

The components of lease costs were as follows:


	Three Months Ended March 31, 2019

Operating Lease Costs:
Fixed	$	12,244
Variable	2,047
Short-term	4,865
Total*	$	19,156
* Finance lease cost and sublease income were immaterial.

Supplemental cash flow information were as follows:


	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	12,414
Operating cash flows from finance leases	108
Financing cash flows from finance leases	409
Total	$	12,931
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	10,708
Finance leases	37
Total	$	10,745

Supplemental balance sheet information related to leases were as follows:


	March 31, 2019
Operating Leases:
Right of use assets:
Other assets and deferred charges	$	154,562

Lease liabilities:
Other accrued expenses	$	43,247
Other liabilities	118,783
Total operating lease liabilities	$	162,030

Finance Leases:


Right of use assets:
Property, plant and equipment, net ⁽¹⁾	$	11,856

Lease liabilities:
Other accrued expenses	$	1,526
Other liabilities	8,350
Total financing lease liabilities	$	9,876

⁽¹⁾Finance lease assets are recorded net of accumulated depreciation of $909.

The aggregate future lease payments for operating and finance leases as of March 31, 2019 were as follows:


	Operating		Finance
2019 (excluding the three months ending March 31, 2019)	$	37,090	$	1,425
2020	39,237		1,881
2021	29,666		1,793
2022	21,329		1,608
2023	13,544		1,204
Thereafter	42,182		4,040
Total lease payments	183,048		11,951
Less: Interest	(21,018)		(2,075)
Present value of lease liabilities	$	162,030	$	9,876

The aggregate future lease payments for operating and capital leases as of December 31, 2018 are as follows:


	Operating		Capital
2019	$	49,009	$	1,802
2020	38,620		1,748
2021	29,396		1,687
2022	21,767		1,392
2023	13,994		952
Thereafter	42,087		3,802
Total	$	194,873	$	11,383

Average lease terms and discount rates were as follows:

March 31, 2019

Weighted-average remaining lease term (years)

Operating leases

5.8

Finance leases

6.4

Weighted-average discount rate

Operating leases

3.3%

Finance leases

4.4%

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

9. Goodwill and Other Intangible Assets

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


	Engineered Systems		Fluids		Refrigeration & Food Equipment		Total
Balance at December 31, 2018	$	1,623,660	$	1,507,602	$	546,066	$	3,677,328
Acquisitions	—		97,817		—		97,817

Held for sale	—		(4,739)		—		(4,739)
Foreign currency translation	(1,460)		8,386		(55)		6,871
Balance at March 31, 2019	$	1,622,200	$	1,609,066	$	546,011	$	3,777,277

During the three months ended March 31, 2019, the Company recorded additions of $97,817 to goodwill as a result of the acquisition discussed in Note 4 — Acquisitions. As noted in Note 5 — Held for Sale, Disposed and Discontinued Operations, the Company classified Finder's assets and liabilities as held for sale as of March 31, 2019. As a result, the Fluids segment goodwill balance was reduced by $4,739.

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


	March 31, 2019										December 31, 2018
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	1,404,109	$	648,177	$	755,932	$	1,395,742	$	645,305	$	750,437
Trademarks	217,996		74,597		143,399		214,774		72,305		142,469
Patents	160,240		129,692		30,548		144,302		128,254		16,048
Unpatented technologies	155,481		89,379		66,102		155,380		85,560		69,820
Distributor relationships	83,804		39,750		44,054		82,970		37,943		45,027
Drawings & manuals	27,707		20,784		6,923		31,849		23,273		8,576
Other	21,434		15,927		5,507		21,046		15,835		5,211
Total	2,070,771		1,018,306		1,052,465		2,046,063		1,008,475		1,037,588
Unamortized intangible assets:
Trademarks	96,671		—		96,671		96,668		—		96,668
Total intangible assets, net	$	2,167,442	$	1,018,306	$	1,149,136	$	2,142,731	$	1,008,475	$	1,134,256

For the three months ended March 31, 2019 and 2018, amortization expense was $35,550 and $36,461, respectively, including acquisition-related intangible amortization of $35,155 and $35,889, respectively.

Restructuring Activities

3 Months Ended

Mar. 31, 2019

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure

10. Restructuring Activities

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


	Three Months Ended March 31,
	2019		2018
Engineered Systems	$	370	$	1,375
Fluids	1,119		2,051
Refrigeration & Food Equipment	1,412		45
Corporate	35		749
Total	$	2,936	$	4,220
These amounts are classified in the Condensed Consolidated Statements of Earnings as follows:
Cost of goods and services	$	1,179	$	2,339
Selling, general and administrative expenses	1,757		1,881
Total	$	2,936	$	4,220

The restructuring expenses of $2,936 incurred during the three months ended March 31, 2019 were related to two significant rightsizing restructuring programs initiated in 2018 comprised primarily of broad-based selling, general and administrative expense reduction and footprint consolidation initiatives designed to increase operating margin, enhance operations and position the Company for sustained growth and investment.

In 2019, the Company expects to incur charges of approximately $5 million related to the selling, general and administrative expense reduction initiative, $2 million of which was incurred during the three months ended March 31, 2019 and $3 million of which the Company expects to incur during the remainder of 2019. In 2019 and 2020, the Company expects to incur total restructuring charges of approximately $10 million related to footprint consolidation initiatives, $1 million of which was incurred during the three months ended March 31, 2019 and $9 million of which the Company expects to incur in the second quarter of 2019 through 2020. Additional programs, beyond the scope of the announced programs, may be implemented during 2019 with related restructuring charges.

The $2,936 of restructuring charges incurred during the first quarter of 2019 primarily included the following items:

•The Engineered Systems segment recorded $370 of restructuring charges related to programs focused on headcount reduction.

•The Fluids segment recorded $1,119 of restructuring charges principally related to headcount reductions and facility restructuring costs.

•The Refrigeration and Food Equipment segment recorded $1,412 of restructuring expense primarily due to headcount reductions and facility restructuring costs.

•Corporate recorded $35 of restructuring charges primarily related to headcount reductions.

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


	Severance		Exit		Total
Balance at December 31, 2018	$	24,284	$	3,880	$	28,164
Restructuring charges	1,941		995		2,936
Payments	(10,776)		(424)		(11,200)


Other, including foreign currency translation	(754)		(915)		(1,669)
Balance at March 31, 2019	$	14,695	$	3,536	$	18,231

Borrowings

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Borrowings

11. Borrowings

Borrowings consisted of the following:


	March 31, 2019		December 31, 2018
Short-term
Current portion of long-term debt and short-term borrowings	$	1,355	$	—
Commercial paper	344,900		220,318
Notes payable and current maturities of long-term debt	$	346,255	$	220,318


			Carrying amount ⁽¹⁾
	Principal		March 31, 2019		December 31, 2018
Long-term
2.125% 7-year notes due December 1, 2020 (euro-denominated)	€	300,000	338,583		339,657
4.30% 10-year notes due March 1, 2021	$	450,000	449,293		449,200
3.150% 10-year notes due November 15, 2025	$	400,000	395,537		395,368
1.25% 10-year notes due November 9, 2026 (euro-denominated)	€	600,000	670,021		672,103
6.65% 30-year debentures due June 1, 2028	$	200,000	199,080		199,054
5.375% 30-year debentures due October 15, 2035	$	300,000	295,873		295,811
6.60% 30-year notes due March 15, 2038	$	250,000	247,855		247,827
5.375% 30-year notes due March 1, 2041	$	350,000	343,946		343,877
Other			779		763
Total long-term debt			2,940,967		2,943,660
Less long-term debt current portion			—		—
Net long-term debt			$	2,940,967	$	2,943,660

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

$15.4 million and $15.8 million as of March 31, 2019 and December 31, 2018, respectively. Total deferred debt issuance costs were $12.6 million and $13.0 million as of March 31, 2019 and December 31, 2018, respectively.

The Company maintains a $1.0 billion five-year unsecured revolving credit facility (the "Credit Agreement") with a syndicate of banks which expires on November 10, 2020. The Company was in compliance with all covenants in the Credit Agreement and other long-term debt covenants at March 31, 2019 and had a coverage ratio of 9.7 to 1.0. The Company uses the Credit Agreement as liquidity back-up for its commercial paper program and has not drawn down any loans under the Credit Agreement and does not anticipate doing so. The Company generally uses commercial paper borrowings for general corporate purposes, funding of acquisitions and repurchases of its common stock.

As of March 31, 2019, the Company had approximately $142.4 million outstanding in letters of credit and performance and other guarantees which expire on various dates through 2028. These letters of credit are primarily maintained 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, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure

12. 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, 2019 and December 31, 2018, the Company had contracts with U.S. dollar equivalent notional amounts of $210,787 and $153,873, respectively, to exchange foreign currencies, principally the Pound Sterling, Chinese Yuan, Swedish Krona, Swiss Franc, and Canadian Dollar. The Company believes it is probable that all forecasted cash flow transactions will occur.

In addition, the Company had outstanding contracts with a total notional amount of $91,749 and $66,906 as of March 31, 2019 and December 31, 2018, 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) expense, 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, 2019 and December 31, 2018 and the balance sheet lines in which they are recorded:


	Fair Value Asset (Liability)
	March 31, 2019		December 31, 2018		Balance Sheet Caption
Foreign currency forward	$	3,996	$	1,874	Prepaid / Other current assets
Foreign currency forward	(637)		(1,165)		Other accrued expenses

For a cash flow hedge, the effective portion of 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 Statement 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 €300,000 of euro-denominated notes issued November 9, 2016 and December 4, 2013, 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,
	2019		2018
Gain (loss) on euro-denominated debt	$	3,557	$	(44,109)
Tax (expense) benefit	(747)		9,263
Net gain (loss) on net investment hedges, net of tax	$	2,810	$	(34,846)

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, 2019 and December 31, 2018:



	Level 2		Level 2
Assets:
Foreign currency cash flow hedges	$	3,996	$	1,874
Liabilities:
Foreign currency cash flow hedges	637		1,165

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, 2019 and December 31, 2018, was $3,190,794 and $3,132,330, respectively, compared to the carrying value of $2,940,967 and $2,943,660, 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, 2019, and December 31, 2018 due to the short-term nature of these instruments.

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes The effective tax rates for the three months ended March 31, 2019 and 2018 were 23.6% and 18.5%, respectively. The increase in the effective tax rate for the three months ended March 31, 2019 relative to the prior comparable period was predominantly driven by the exclusion of capital losses on assets held for sale of Finder under local tax law. Additionally, the effective tax rates for the three months ended March 31, 2019 and 2018 included discrete tax benefits principally from stock award exercises. 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 $12.2 million.

Equity Incentive Program

3 Months Ended

Mar. 31, 2019

Share-based Compensation [Abstract]

Share-based Compensation

14. 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, 2019, the Company issued stock-settled appreciation rights ("SARs") covering 610,979 shares, performance share awards of 34,402 and restricted stock units ("RSUs") of 121,560.

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


	SARs
	2019		2018
Risk-free interest rate	2.51	%	2.58	%	-	2.87	%
Dividend yield	2.13	%	1.99	%	-	2.43	%
Expected life (years)	5.6		5.6		-	5.7
Volatility	22.35	%	20.95	%	-	21.20	%

Grant price	$91.20		$79.75		-	$82.09
Fair value per share at date of grant	$17.55		$14.58		-	$15.41

The performance share awards granted in 2019 and 2018 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 and 2018 is as follows for the three months ended March 31, 2019:



	2019	2018
Fair value per share at date of grant	$91.20	$79.75	-	$82.09
Average attainment rate reflected in expense	211.68%	267.91%

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 of continuing operations 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,
	2019		2018
Pre-tax stock-based compensation expense (continuing)	$	8,182	$	6,745
Tax benefit	(1,048)		(1,496)
Total stock-based compensation expense, net of tax	$	7,134	$	5,249

Stock-based compensation expense attributable to Apergy employees for the three months ended March 31, 2018 was $569. These costs are reported within earnings from discontinued operations in the Condensed Consolidated Statement of Earnings.

Commitments and Contingent Liabilities

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingent Liabilities

15. 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 reserves have been established. At March 31, 2019 and December 31, 2018, the Company has reserves totaling $31,555 and $31,797, 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 reserves for legal matters that are probable and estimable and not otherwise covered by insurance, and at March 31, 2019 and December 31, 2018, these reserves 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, 2019 and 2018, were as follows:


	2019		2018
Beginning Balance, December 31 of the Prior Year	$	50,073	$	59,403
Provision for warranties	13,955		12,447
Settlements made	(14,993)		(14,833)
Other adjustments, including acquisitions and currency translation	(792)		848
Ending Balance, March 31	$	48,243	$	57,865

Employee Benefit Plans

3 Months Ended

Mar. 31, 2019

Defined Benefit Plan [Abstract]

Employee Benefit Plans

16. Employee Benefit Plans

Retirement Plans

The Company offers defined contribution retirement plans which cover the majority of its U.S. employees, as well as employees in certain other countries. In addition, the Company sponsors qualified defined benefit pension plans covering certain employees of the Company and its subsidiaries. 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. The amounts recorded to discontinued operations represent the net periodic benefit expense for several non-U.S. qualified and U.S. non-qualified plans that were transferred to Apergy at the spin-off date of May 9, 2018.

Qualified Defined Benefits


	Three Months Ended March 31,
	U.S. Plan						Non-U.S. Plans
	2019		2018		2019		2018
Service cost	$	1,754	$	2,984	$	1,545	$	1,577
Interest cost	4,756		5,102		1,241		1,378
Expected return on plan assets	(8,534)		(10,211)		(1,517)		(2,091)
Amortization:
Prior service cost (credit)	76		87		(58)		(115)
Recognized actuarial loss	—		1,931		816		803
Transition obligation	—		—		—		1


Net periodic (income) expense	(1,948)		(107)		2,027		1,553
Less: Discontinued operations	—		677		—		174
Net periodic (income) expense - Continuing operations	$	(1,948)	$	(784)	$	2,027	$	1,379

Non-Qualified Supplemental Benefits


	Three Months Ended March 31,
	2019		2018
Service cost	$	486	$	695
Interest cost	668		893
Amortization:
Prior service cost	703		963
Recognized actuarial gain	(570)		(255)

Net periodic expense	$	1,287	$	2,296
Less: Discontinued operations	—		254
Net periodic expense - Continuing operations	$	1,287	$	2,042

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,
	2019		2018
Service cost	$	5	$	8
Interest cost	78		73
Amortization:
Prior service cost	3		3
Recognized actuarial gain	(18)		(8)

Net periodic expense	$	68	$	76

The total amount amortized out of accumulated other comprehensive earnings into net periodic pension and post-retirement expense totaled $952 and $3,410 for the three months ended March 31, 2019 and 2018, 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 $12,906 and $12,870 for the three months ended March 31, 2019 and 2018, respectively.

Other Comprehensive Earnings

3 Months Ended

Mar. 31, 2019

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

Other Comprehensive Earnings

17. Other Comprehensive Earnings

The amounts recognized in other comprehensive earnings were as follows:


	Three Months Ended										Three Months Ended
	March 31, 2019										March 31, 2018
	Pre-tax		Tax		Net of tax		Pre-tax		Tax		Net of tax
Foreign currency translation adjustments	$	49,786	$	(747)	$	49,039	$	43,045	$	9,263	$	52,308
Pension and other post-retirement benefit plans	952		(205)		747		3,410		(728)		2,682
Changes in fair value of cash flow hedges	2,993		(629)		2,364		1,404		(295)		1,109

Total other comprehensive earnings	$	53,731	$	(1,581)	$	52,150	$	47,859	$	8,240	$	56,099

Total comprehensive earnings were as follows:


	Three Months Ended March 31,
	2019		2018
Net earnings	$	105,705	$	131,435
Other comprehensive earnings	52,150		56,099
Comprehensive earnings	$	157,855	$	187,534

Amounts reclassified from accumulated other comprehensive loss to earnings during the three months ended March 31, 2019 and 2018 were as follows:


	Three Months Ended March 31,
	2019		2018
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	$	228	$	2,471
Amortization of prior service costs	724		939

Total before tax	952		3,410
Tax benefit	(205)		(728)
Net of tax	$	747	$	2,682
Cash flow hedges:
Net gains reclassified into earnings	$	(291)	$	(320)
Tax provision	61		67
Net of tax	$	(230)	$	(253)

The reclassification of foreign currency translation losses to earnings relates to the Finder assets and liabilities held for sale. See Note 5 — Held for Sale, Disposed and Discontinued 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, 2019

Segment Reporting [Abstract]

Segment Information

18. Segment Information

The Company categorizes its operating companies into three distinct reportable segments. Segment financial information and a reconciliation of segment results to consolidated results is as follows:

•Engineered Systems segment is comprised of two platforms, Printing & Identification and Industrials, and is focused on the design, manufacture and service of critical equipment and components serving the fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions and industrial end markets.

•Fluids segment, serving the Fueling & Transport, Pumps and Process Solutions end markets, is focused on the safe handling of critical fluids, and providing critical components to the retail fueling, chemical, hygienic, oil and gas, power generation and industrial markets.

•Refrigeration & Food Equipment segment is a provider of innovative and energy efficient equipment and systems serving the commercial refrigeration and food equipment end markets.

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


	Three Months Ended March 31,
	2019		2018
Revenue:
Engineered Systems	$	687,191	$	671,626
Fluids	703,224		628,098
Refrigeration & Food Equipment	334,643		338,235

Intra-segment eliminations	(301)		(288)
Total consolidated revenue	$	1,724,757	$	1,637,671
Earnings from continuing operations:
Segment earnings: ⁽¹⁾
Engineered Systems	$	123,074	$	102,066
Fluids ⁽²⁾	52,221		67,348
Refrigeration & Food Equipment	24,807		29,182

Total segment earnings	200,102		198,596
Corporate expense / other ⁽³⁾	30,866		30,763
Interest expense	31,808		35,640
Interest income	(890)		(2,058)
Earnings before provision for income taxes and discontinued operations	138,318		134,251
Provision for income taxes	32,613		24,841
Earnings from continuing operations	$	105,705	$	109,410

⁽¹⁾Segment earnings includes non-operating income and expense directly attributable to the segments.

⁽²⁾ The three months ended March 31, 2019 includes a $46,946 loss on assets held for sale for Finder. Excluding this loss, Fluids segment earnings was $99,167.

⁽³⁾ 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 costs and various administrative expenses relating to the corporate headquarters.

Share Repurchases	3 Months Ended
Share Repurchases	Mar. 31, 2019
Stockholders' Equity Note [Abstract]
Share repurchases	19. Share Repurchases Under the January 2015 authorization which expired on January 9, 2018, the Company repurchased 440,608 shares of common stock during the three months ended March 31, 2018 at a total cost of $44,977, or $102.08 per share. There were 5,271,168 shares available for repurchase under this authorization upon expiration. In February 2018, the Company's Board of Directors approved a new 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. There were no repurchases under the February 2018 authorization during the three months ended March 31, 2019 and 2018. As of March 31, 2019, 9,703,666 shares remain authorized for repurchase under the February 2018 share repurchase authorization.

Earnings per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

20. 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,
	2019		2018
Earnings from continuing operations	$	105,705	$	109,410
Earnings from discontinued operations, net	—		22,025
Net earnings	$	105,705	$	131,435
Basic earnings per common share:
Earnings from continuing operations	$	0.73	$	0.71
Earnings from discontinued operations, net	$	—	$	0.14
Net earnings	$	0.73	$	0.85

Weighted average shares outstanding	145,087,000		154,520,000
Diluted earnings per common share:
Earnings from continuing operations	$	0.72	$	0.70
Earnings from discontinued operations, net	$	—	$	0.14
Net earnings	$	0.72	$	0.84

Weighted average shares outstanding	146,911,000		157,090,000

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


	Three Months Ended March 31,
	2019	2018
Weighted average shares outstanding - Basic	145,087,000	154,520,000
Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs	1,824,000	2,570,000
Weighted average shares outstanding - Diluted	146,911,000	157,090,000

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 42,000 and 13,000 for the three months ended March 31, 2019 and 2018, respectively.

Recent Accounting Standards	3 Months Ended
Recent Accounting Standards	Mar. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Standards	21. Recent Accounting Pronouncements Recently Issued Accounting Standards The following standards, issued by the Financial Accounting Standards Board ("FASB"), will, or are expected to, result in a change in practice and/or have a financial impact to the Company’s Consolidated Financial Statements: 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 may result in the earlier recognition of allowances for losses. The guidance is effective for interim and annual periods for the Company on January 1, 2020, with early adoption permitted. Management has not yet completed its assessment of the impact of the new standard on the Company’s Consolidated Financial Statements. Currently, the Company believes that the most notable impact of this ASU may relate to its processes around the assessment of the adequacy of its allowance for doubtful accounts on trade accounts receivable and the recognition of credit losses. Recently Adopted Accounting Standards In August 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendments in this update. The Company early adopted this guidance prospectively beginning on January 1, 2019. The adoption of this ASU did not have a material impact on the Company's Consolidated Financial Statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. This ASU provides new guidance about income statement classification and eliminates the requirement to separately measure and report hedge ineffectiveness. The entire change in fair value for qualifying hedge instruments included in the effectiveness will be recorded in Other Comprehensive Income ("OCI") and amounts deferred in OCI will be reclassified to earnings in the same income statement line item in which the earnings effect of the hedged item is reported. The Company adopted this guidance on January 1, 2019. The adoption of this ASU did not have a material impact on the Company's Consolidated Financial Statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which amends existing guidance to require lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by long-term leases and to disclose additional quantitative and qualitative information about leasing arrangements. This ASU also provides clarifications surrounding the presentation of the effects of leases in the income statement and statement of cash flows. The Company adopted this guidance on January 1, 2019. The Company commenced its assessment of ASU 2016-02 in the second half of 2017 and developed a project plan to guide the implementation. The Company completed this project plan, in which it analyzed the ASU's impact on its leases, surveyed the Company's businesses, assessed the portfolio of leases, compiled a central repository of active leases, and established a future lease process to keep the lease accounting portfolio up to date. The Company evaluated the key policy elections and considerations under the standard and completed the internal policy documentation and training to address the new standard requirements. The Company also implemented a new lease accounting software solution to support the new reporting requirements. The Company adopted this new guidance using the updated modified transition method allowed per ASU 2018-11. Upon adoption on January 1, 2019, total assets and liabilities increased due to the recording of right-of-use assets and lease liabilities amounting to approximately $163 million. See Note 8 — Leases for further details.

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events [Text Block]	22. Subsequent EventsOn April 2, 2019 Dover completed the sale of Finder to Aturia, which generated total cash proceeds of $24,218, of which $2,245 was received on March 29, 2019. Any final working capital adjustments, which are not expected to be significant, will be recorded in the second quarter of 2019. The assets and liabilities of Finder were classified as held for sale as of March 31, 2019. See Note 5 — Held for Sale, Disposed and Discontinued Operations for further details.

Spin-off of Apergy Corporation (Tables)

3 Months Ended

Mar. 31, 2019

Spin-off of Apergy Corporation [Abstract]

Spin-Off of Apergy Corporation [Table Text Block]

The following is a summary of the assets and liabilities transferred to Apergy as part of the separation on May 9, 2018:


Assets:
Cash and cash equivalents	$	10,357
Current assets	462,620
Non-current assets	1,438,760
	$	1,911,737
Liabilities:
Current liabilities	$	185,354
Non-current liabilities	119,568
	$	304,922

Net assets distributed to Apergy Corporation	$	1,606,815
Less: Cash received from Apergy Corporation	700,000
Net distribution to Apergy Corporation	$	906,815

Revenue (Tables)

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents revenue disaggregated by end market and segment:


	Three Months Ended March 31,
	2019		2018
Printing & Identification	$	282,086	$	282,522
Industrials	405,105		389,104
Total Engineered Systems segment	687,191		671,626
Fueling & Transport	373,050		319,304
Pumps	177,439		162,309
Process Solutions	152,735		146,485
Total Fluids segment	703,224		628,098
Refrigeration	277,598		278,655
Food Equipment	57,045		59,580
Total Refrigeration & Food Equipment segment	334,643		338,235




Intra-segment eliminations	(301)		(288)
Total Consolidated Revenue	$	1,724,757	$	1,637,671

Revenue from External Customers by Geographic Areas [Table Text Block]

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


	Three Months Ended March 31,
	2019		2018
United States	$	919,892	$	853,002
Europe	402,645		387,178
Asia	196,350		194,603
Other Americas	138,118		133,144
Other	67,752		69,744
Total	$	1,724,757	$	1,637,671

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, 2019		December 31, 2018		At Adoption

Contract assets	$	11,443	$	9,330	$	11,932
Contract liabilities - current	39,733		36,461		48,268
Contract liabilities - non-current	9,731		9,382		9,916

Acquisitions (Tables)

3 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

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

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


	Belanger
Current assets, net of cash acquired	$	9,392
Property, plant and equipment	597
Goodwill	97,817
Intangible assets	77,000
Other assets and deferred charges	20
Current liabilities	(9,743)

Net assets acquired	$	175,083

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 are as follows:


	Amount allocated		Useful life (in years)
Goodwill - Tax deductible	97,817		na

Customer intangibles	54,500		9
Patents	16,000		9
Trademarks	6,500		15

	$	174,817

The goodwill recorded as a result of this acquisition reflects the benefits expected to be derived from product line expansions and operational synergies.

Pro forma results of operations

The unaudited pro forma effects for the three months ended March 31, 2019 and 2018 were as follows:


	Three Months Ended March 31,
	2019		2018
Revenue:
As reported	$	1,724,757	$	1,637,671
Pro forma	1,728,525		1,651,530
Earnings from continuing operations:
As reported	$	105,705	$	109,410
Pro forma	107,204		111,953
Basic earnings per share from continuing operations:
As reported	$	0.73	$	0.71
Pro forma	0.74		0.72
Diluted earnings per share from continuing operations:
As reported	$	0.72	$	0.70
Pro forma	0.73		0.71

Held for Sale, Disposed, and Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following table presents the assets and liabilities associated with the Finder business classified as held for sale as of March 31, 2019.


	March 31, 2019
Assets Held for Sale
Accounts receivable, net	$	12,698
Inventories	3,693
Prepaid and other current assets	1,050
Total current assets	17,441
Property, plant and equipment, net	13,596
Goodwill and intangible assets, net	34,524
Other assets and deferred charges	256
Impairment on assets held for sale	(21,607)
Total assets	$	44,210

Liabilities Held for Sale
Accounts payable	$	7,859
Other current liabilities	5,088
Total current liabilities	12,947
Deferred income taxes	7,011
Other liabilities	623
Total liabilities	$	20,581

Results of discontinued operations [Table Text Block]

Summarized results of the Company's discontinued operations are as follows:


	Three Months Ended March 31, 2018
Revenue	$	284,041
Cost of goods and services	177,928
Gross profit	106,113
Selling, general and administrative expenses	79,123
Operating earnings	26,990
Other expense, net	484
Earnings from discontinued operations before taxes	26,506
Provision for income taxes	4,481
Earnings from discontinued operations, net of tax	$	22,025

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

Inventories (Tables)

3 Months Ended

Mar. 31, 2019

Inventory, Net [Abstract]

Components of Inventory


	March 31, 2019		December 31, 2018
Raw materials	$	474,204	$	439,616
Work in progress	177,544		154,878
Finished goods	288,986		265,722
Subtotal	940,734		860,216
Less reserves	(112,436)		(111,420)
Total	$	828,298	$	748,796

Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Components of property, plant and equipment, net


	March 31, 2019		December 31, 2018
Land	$	49,834	$	53,623
Buildings and improvements	518,238		529,982
Machinery, equipment and other	1,589,863		1,555,345
Property, plant and equipment, gross	2,157,935		2,138,950
Accumulated depreciation	(1,360,253)		(1,332,453)
Property, plant and equipment, net	$	797,682	$	806,497

Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Lease, Cost [Table Text Block]

The components of lease costs were as follows:


	Three Months Ended March 31, 2019

Operating Lease Costs:
Fixed	$	12,244
Variable	2,047
Short-term	4,865
Total*	$	19,156
* Finance lease cost and sublease income were immaterial.

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

Supplemental cash flow information were as follows:


	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	12,414
Operating cash flows from finance leases	108
Financing cash flows from finance leases	409
Total	$	12,931
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	10,708
Finance leases	37
Total	$	10,745

Lease Supp Balance Sheet disclosures [Table Text Block]

Supplemental balance sheet information related to leases were as follows:


	March 31, 2019
Operating Leases:
Right of use assets:
Other assets and deferred charges	$	154,562

Lease liabilities:
Other accrued expenses	$	43,247
Other liabilities	118,783
Total operating lease liabilities	$	162,030

Finance Leases:


Right of use assets:
Property, plant and equipment, net ⁽¹⁾	$	11,856

Lease liabilities:
Other accrued expenses	$	1,526
Other liabilities	8,350
Total financing lease liabilities	$	9,876

(1) Finance lease assets are recorded net of accumulated depreciation of $909

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The aggregate future lease payments for operating and finance leases as of March 31, 2019 were as follows:


	Operating		Finance
2019 (excluding the three months ending March 31, 2019)	$	37,090	$	1,425
2020	39,237		1,881
2021	29,666		1,793
2022	21,329		1,608
2023	13,544		1,204
Thereafter	42,182		4,040
Total lease payments	183,048		11,951
Less: Interest	(21,018)		(2,075)
Present value of lease liabilities	$	162,030	$	9,876

Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]

The aggregate future lease payments for operating and capital leases as of December 31, 2018 are as follows:


	Operating		Capital
2019	$	49,009	$	1,802
2020	38,620		1,748
2021	29,396		1,687
2022	21,767		1,392
2023	13,994		952
Thereafter	42,087		3,802
Total	$	194,873	$	11,383

Lease Assumptions [Table Text Block]

Average lease terms and discount rates were as follows:

March 31, 2019

Weighted-average remaining lease term (years)

Operating leases

5.8

Finance leases

6.4

Weighted-average discount rate

Operating leases

3.3%

Finance leases

4.4%

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill [Line Items]

Goodwill

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


	Engineered Systems		Fluids		Refrigeration & Food Equipment		Total
Balance at December 31, 2018	$	1,623,660	$	1,507,602	$	546,066	$	3,677,328
Acquisitions	—		97,817		—		97,817

Held for sale	—		(4,739)		—		(4,739)
Foreign currency translation	(1,460)		8,386		(55)		6,871
Balance at March 31, 2019	$	1,622,200	$	1,609,066	$	546,011	$	3,777,277

Schedule of Intangible Assets

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


	March 31, 2019										December 31, 2018
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	1,404,109	$	648,177	$	755,932	$	1,395,742	$	645,305	$	750,437
Trademarks	217,996		74,597		143,399		214,774		72,305		142,469
Patents	160,240		129,692		30,548		144,302		128,254		16,048
Unpatented technologies	155,481		89,379		66,102		155,380		85,560		69,820
Distributor relationships	83,804		39,750		44,054		82,970		37,943		45,027
Drawings & manuals	27,707		20,784		6,923		31,849		23,273		8,576
Other	21,434		15,927		5,507		21,046		15,835		5,211
Total	2,070,771		1,018,306		1,052,465		2,046,063		1,008,475		1,037,588
Unamortized intangible assets:
Trademarks	96,671		—		96,671		96,668		—		96,668
Total intangible assets, net	$	2,167,442	$	1,018,306	$	1,149,136	$	2,142,731	$	1,008,475	$	1,134,256

Restructuring Activities (Tables)

3 Months Ended

Mar. 31, 2019

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,
	2019		2018
Engineered Systems	$	370	$	1,375
Fluids	1,119		2,051
Refrigeration & Food Equipment	1,412		45
Corporate	35		749
Total	$	2,936	$	4,220
These amounts are classified in the Condensed Consolidated Statements of Earnings as follows:
Cost of goods and services	$	1,179	$	2,339
Selling, general and administrative expenses	1,757		1,881
Total	$	2,936	$	4,220

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, 2018	$	24,284	$	3,880	$	28,164
Restructuring charges	1,941		995		2,936
Payments	(10,776)		(424)		(11,200)


Other, including foreign currency translation	(754)		(915)		(1,669)
Balance at March 31, 2019	$	14,695	$	3,536	$	18,231

Borrowings (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Borrowings consisted of the following:


	March 31, 2019		December 31, 2018
Short-term
Current portion of long-term debt and short-term borrowings	$	1,355	$	—
Commercial paper	344,900		220,318
Notes payable and current maturities of long-term debt	$	346,255	$	220,318

Schedule of Long-term Debt Instruments


			Carrying amount ⁽¹⁾
	Principal		March 31, 2019		December 31, 2018
Long-term
2.125% 7-year notes due December 1, 2020 (euro-denominated)	€	300,000	338,583		339,657
4.30% 10-year notes due March 1, 2021	$	450,000	449,293		449,200
3.150% 10-year notes due November 15, 2025	$	400,000	395,537		395,368
1.25% 10-year notes due November 9, 2026 (euro-denominated)	€	600,000	670,021		672,103
6.65% 30-year debentures due June 1, 2028	$	200,000	199,080		199,054
5.375% 30-year debentures due October 15, 2035	$	300,000	295,873		295,811
6.60% 30-year notes due March 15, 2038	$	250,000	247,855		247,827
5.375% 30-year notes due March 1, 2041	$	350,000	343,946		343,877
Other			779		763
Total long-term debt			2,940,967		2,943,660
Less long-term debt current portion			—		—
Net long-term debt			$	2,940,967	$	2,943,660

⁽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

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-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
-SubTopic 470
-Section 50
-Paragraph 3
-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
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

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, 2019 and December 31, 2018 and the balance sheet lines in which they are recorded:


	Fair Value Asset (Liability)
	March 31, 2019		December 31, 2018		Balance Sheet Caption
Foreign currency forward	$	3,996	$	1,874	Prepaid / Other current assets
Foreign currency forward	(637)		(1,165)		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,
	2019		2018
Gain (loss) on euro-denominated debt	$	3,557	$	(44,109)
Tax (expense) benefit	(747)		9,263
Net gain (loss) on net investment hedges, net of tax	$	2,810	$	(34,846)

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, 2019 and December 31, 2018:



	Level 2		Level 2
Assets:
Foreign currency cash flow hedges	$	3,996	$	1,874
Liabilities:
Foreign currency cash flow hedges	637		1,165

Equity Incentive Program (Tables)

3 Months Ended

Mar. 31, 2019

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

Stock-based incentive plans compensation expense


	Three Months Ended March 31,
	2019		2018
Pre-tax stock-based compensation expense (continuing)	$	8,182	$	6,745
Tax benefit	(1,048)		(1,496)
Total stock-based compensation expense, net of tax	$	7,134	$	5,249

Stock Appreciation Rights (SARs) [Member]

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

Valuation assumptions

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


	SARs
	2019		2018
Risk-free interest rate	2.51	%	2.58	%	-	2.87	%
Dividend yield	2.13	%	1.99	%	-	2.43	%
Expected life (years)	5.6		5.6		-	5.7
Volatility	22.35	%	20.95	%	-	21.20	%

Grant price	$91.20		$79.75		-	$82.09
Fair value per share at date of grant	$17.55		$14.58		-	$15.41

Performance Shares [Member]

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

Valuation assumptions

The fair value and average attainment used in determining stock-based compensation cost for the performance shares issued in 2019 and 2018 is as follows for the three months ended March 31, 2019:



	2019	2018
Fair value per share at date of grant	$91.20	$79.75	-	$82.09
Average attainment rate reflected in expense	211.68%	267.91%

Commitments and Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of Product Warranty Liability


	2019		2018
Beginning Balance, December 31 of the Prior Year	$	50,073	$	59,403
Provision for warranties	13,955		12,447
Settlements made	(14,993)		(14,833)
Other adjustments, including acquisitions and currency translation	(792)		848
Ending Balance, March 31	$	48,243	$	57,865

Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2019

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
	2019		2018		2019		2018
Service cost	$	1,754	$	2,984	$	1,545	$	1,577
Interest cost	4,756		5,102		1,241		1,378
Expected return on plan assets	(8,534)		(10,211)		(1,517)		(2,091)
Amortization:
Prior service cost (credit)	76		87		(58)		(115)
Recognized actuarial loss	—		1,931		816		803
Transition obligation	—		—		—		1


Net periodic (income) expense	(1,948)		(107)		2,027		1,553
Less: Discontinued operations	—		677		—		174
Net periodic (income) expense - Continuing operations	$	(1,948)	$	(784)	$	2,027	$	1,379

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,
	2019		2018
Service cost	$	486	$	695
Interest cost	668		893
Amortization:
Prior service cost	703		963
Recognized actuarial gain	(570)		(255)

Net periodic expense	$	1,287	$	2,296
Less: Discontinued operations	—		254
Net periodic expense - Continuing operations	$	1,287	$	2,042

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,
	2019		2018
Service cost	$	5	$	8
Interest cost	78		73
Amortization:
Prior service cost	3		3
Recognized actuarial gain	(18)		(8)

Net periodic expense	$	68	$	76

Other Comprehensive Earnings (Tables)

3 Months Ended

Mar. 31, 2019

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

Components of other comprehensive income

The amounts recognized in other comprehensive earnings were as follows:


	Three Months Ended										Three Months Ended
	March 31, 2019										March 31, 2018
	Pre-tax		Tax		Net of tax		Pre-tax		Tax		Net of tax
Foreign currency translation adjustments	$	49,786	$	(747)	$	49,039	$	43,045	$	9,263	$	52,308
Pension and other post-retirement benefit plans	952		(205)		747		3,410		(728)		2,682
Changes in fair value of cash flow hedges	2,993		(629)		2,364		1,404		(295)		1,109

Total other comprehensive earnings	$	53,731	$	(1,581)	$	52,150	$	47,859	$	8,240	$	56,099

Schedule of comprehensive income (loss)

Total comprehensive earnings were as follows:


	Three Months Ended March 31,
	2019		2018
Net earnings	$	105,705	$	131,435
Other comprehensive earnings	52,150		56,099
Comprehensive earnings	$	157,855	$	187,534

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, 2019 and 2018 were as follows:


	Three Months Ended March 31,
	2019		2018
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	$	228	$	2,471
Amortization of prior service costs	724		939

Total before tax	952		3,410
Tax benefit	(205)		(728)
Net of tax	$	747	$	2,682
Cash flow hedges:
Net gains reclassified into earnings	$	(291)	$	(320)
Tax provision	61		67
Net of tax	$	(230)	$	(253)

Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Revenue and earnings from continuing operations by market segment

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


	Three Months Ended March 31,
	2019		2018
Revenue:
Engineered Systems	$	687,191	$	671,626
Fluids	703,224		628,098
Refrigeration & Food Equipment	334,643		338,235

Intra-segment eliminations	(301)		(288)
Total consolidated revenue	$	1,724,757	$	1,637,671
Earnings from continuing operations:
Segment earnings: ⁽¹⁾
Engineered Systems	$	123,074	$	102,066
Fluids ⁽²⁾	52,221		67,348
Refrigeration & Food Equipment	24,807		29,182

Total segment earnings	200,102		198,596
Corporate expense / other ⁽³⁾	30,866		30,763
Interest expense	31,808		35,640
Interest income	(890)		(2,058)
Earnings before provision for income taxes and discontinued operations	138,318		134,251
Provision for income taxes	32,613		24,841
Earnings from continuing operations	$	105,705	$	109,410

⁽¹⁾Segment earnings includes non-operating income and expense directly attributable to the segments.

⁽²⁾ The three months ended March 31, 2019 includes a $46,946 loss on assets held for sale for Finder. Excluding this loss, Fluids segment earnings was $99,167.

Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2019

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,
	2019		2018
Earnings from continuing operations	$	105,705	$	109,410
Earnings from discontinued operations, net	—		22,025
Net earnings	$	105,705	$	131,435
Basic earnings per common share:
Earnings from continuing operations	$	0.73	$	0.71
Earnings from discontinued operations, net	$	—	$	0.14
Net earnings	$	0.73	$	0.85

Weighted average shares outstanding	145,087,000		154,520,000
Diluted earnings per common share:
Earnings from continuing operations	$	0.72	$	0.70
Earnings from discontinued operations, net	$	—	$	0.14
Net earnings	$	0.72	$	0.84

Weighted average shares outstanding	146,911,000		157,090,000

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,
	2019	2018
Weighted average shares outstanding - Basic	145,087,000	154,520,000
Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs	1,824,000	2,570,000
Weighted average shares outstanding - Diluted	146,911,000	157,090,000

Spin-off of Apergy Corporation (Detail) € in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($)	Mar. 31, 2019 USD ($)	Mar. 31, 2019 EUR (€)	May 09, 2018 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and Cash Equivalents				$ 10,400
Current assets		$ 17,441
Assets held for sale	$ 0	44,210
Current liabilities		12,947
Total liabilities of discontinued operations	0	$ 20,581
Less: Cash received from Apergy Corporation	700,000
Cash received from Apergy, net of cash distributed	689,600
Stock repurchase program (dollar value of planned repurchases)	1,000,000
Apergy [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and Cash Equivalents				10,357
Current assets				462,620
Non-current assets				1,438,760
Assets held for sale				1,911,737
Current liabilities				185,354
Noncurrent liabilities				119,568
Total liabilities of discontinued operations				304,922
Net assets distributed to Apergy Corporation				1,606,815
Less: Cash received from Apergy Corporation	700,000
Net distribution to Apergy Corporation				$ 906,815
Separation of Apergy	33,000
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
Note due 2026 [Member] \| Apergy [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Debt Instrument, Face Amount	$ 300,000
Debt Instrument, Interest Rate, Stated Percentage	6.375%
Debt Instrument, Unused Borrowing Capacity, Amount	$ 415,000

Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Revenues	$ 1,724,757	$ 1,637,671
United States
Disaggregation of Revenue [Line Items]
Revenues	919,892	853,002
Europe [Member]
Disaggregation of Revenue [Line Items]
Revenues	402,645	387,178
Asia [Member]
Disaggregation of Revenue [Line Items]
Revenues	196,350	194,603
Other Americas [Member]
Disaggregation of Revenue [Line Items]
Revenues	138,118	133,144
Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	67,752	69,744
Printing and Identification End Market [Member]
Disaggregation of Revenue [Line Items]
Revenues	282,086	282,522
Industrials End Market [Member]
Disaggregation of Revenue [Line Items]
Revenues	405,105	389,104
Engineered Systems Segment [Member]
Disaggregation of Revenue [Line Items]
Revenues	687,191	671,626
Fueling and Transport End Market [Member]
Disaggregation of Revenue [Line Items]
Revenues	373,050	319,304
Pumps End Market [Member]
Disaggregation of Revenue [Line Items]
Revenues	177,439	162,309
Process Solutions End Market [Member]
Disaggregation of Revenue [Line Items]
Revenues	152,735	146,485
Fluids Segment [Member]
Disaggregation of Revenue [Line Items]
Revenues	703,224	628,098
Refrigeration End Market [Member]
Disaggregation of Revenue [Line Items]
Revenues	277,598	278,655
Food Equipment End Market [Member]
Disaggregation of Revenue [Line Items]
Revenues	57,045	59,580
Refrigeration and Food Equipment Segment [Member]
Disaggregation of Revenue [Line Items]
Revenues	334,643	338,235
Intersegment Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ (301)	$ (288)

Remaining Performance Obligation (Details) $ in Millions	Mar. 31, 2019 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 83.0
Revenue, Remaining Performance Obligation, Percentage	65.00%

Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended
Contract Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Jan. 01, 2018
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	$ (15,414)	$ (13,781)
Contract with Customer, Asset and Liability [Abstract]
Contract assets balance	11,443		$ 9,330	$ 11,932
Contract liabilities - current	39,733		36,461	48,268
Contract liabilities - non-current	$ 9,731		$ 9,382	$ 9,916

Acquisitions (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 175,083	$ 68,385
Revenue [Abstract]
As reported	1,724,757	1,637,671
Pro forma	1,728,525	1,651,530
Net earnings [Abstract]
As reported	105,705	109,410
Pro forma	$ 107,204	$ 111,953
Basic earnings per share [Abstract]
As reported (in dollars per share)	$ 0.73	$ 0.71
Pro forma (in dollars per share)	0.74	0.72
Diluted earnings per share [Abstract]
As reported (in dollars per share)	0.72	0.70
Pro forma (in dollars per share)	$ 0.73	$ 0.71
Belanger [Member]
Business Acquisition [Line Items]
Current Assets	$ 9,392
Property, Plant, and Equipment	597
Goodwill	97,817
Intangibles	77,000
Other assets and deferred charges	20
Current Liabilities	9,743
Net assets acquired	175,083
Goodwill and intangible assets	174,817
Belanger [Member] \| Customer Relationships [Member]
Business Acquisition [Line Items]
Intangibles	$ 54,500
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Belanger [Member] \| Patents [Member]
Business Acquisition [Line Items]
Intangibles	$ 16,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Belanger [Member] \| Trademarks [Member]
Business Acquisition [Line Items]
Intangibles	$ 6,500
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Ettiingler [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 53,046
Goodwill		36,505
Intangibles		20,084
Rosario [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		15,339
Goodwill		$ 10,402
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		10 years
Rosario [Member] \| Customer Relationships [Member]
Business Acquisition [Line Items]
Intangibles		$ 4,149
Minimum [Member] \| Ettiingler [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		8 years
Maximum [Member] \| Ettiingler [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		15 years

Held for Sale (Details) - USD ($) $ in Thousands	3 Months Ended
Held for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses, Net of Cash Divested	$ 23,629
Accounts Receivable, net	12,698
Inventories	3,693
Prepaid and Other Current Assets	1,050
Total Current Assets	17,441
Property, Plant and Equipment, Net	13,596
Goodwill and Intangible Assets, Net	34,524
Other Assets and Deferred Charges	256
Impairment of Long-Lived Assets to be Disposed of	(21,607)
Assets held for sale	44,210		$ 0
Accounts Payable	7,859
Other Current Liabilities	5,088
Current liabilities	12,947
Deferred Income Taxes	7,011
Other Liabilities	623
Liabilities held for sale	20,581		$ 0
Loss on assets held for sale	(46,946)	$ 0
Foreign Currency Translation Gains (Losses)	$ 25,339

Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
Discontinued Operations (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Spin-off Costs Incurred to Date		$ 11,746
Discontinued Operation, Revenue		284,041
Discontinued Operation, Costs of Goods and Services		177,928
Discontinued Operation, Gross Profit		106,113
Discontinued Operation, Selling, General and Administrative Expense		79,123
Discontinued Operation, Operating Earnings		26,990
Discontinued Operation, Other Expense, Net		484
Discontinued Operation, Earnings from Discontinued Operations Before Taxes		26,506
Discontinued Operation, Tax Effect of Discontinued Operation		4,481
Earnings (loss) from discontinued operations	$ 0	$ 22,025

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Inventory, Net [Abstract]
Raw materials	$ 474,204	$ 439,616
Work in progress	177,544	154,878
Finished goods	288,986	265,722
Subtotal	940,734	860,216
Less reserves	(112,436)	(111,420)
Total	$ 828,298	$ 748,796

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Cost	$ 2,157,935		$ 2,138,950
Accumulated depreciation	(1,360,253)		(1,332,453)
Total	797,682		806,497
Depreciation expense	32,188	$ 32,164
Land [Member]
Property, Plant and Equipment [Line Items]
Cost	49,834		53,623
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Cost	518,238		529,982
Machinery, equipment and other [Member]
Property, Plant and Equipment [Line Items]
Cost	$ 1,589,863		$ 1,555,345

Lease Cost (Details) $ in Thousands	3 Months Ended
Lease Cost (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	$ 12,244
Variable Lease, Cost	2,047
Short-term Lease, Cost	4,865
Lease, Cost, Total	$ 19,156

Lease Cash Flow (Details) $ in Thousands	3 Months Ended
Lease Cash Flow (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Supplemental Cash Flow Disclosures [Line Items]
Operating Lease, Payments	$ 12,414
Finance Lease, Interest Payment on Liability	108
Finance Lease, Principal Payments	409
Total Cash flow leases	12,931
New ROU assets	10,708
New Finance Lease Assets	37
Total New Lease Assets	$ 10,745

Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset	$ 154,562	$ 163,000
Operating Lease, Liability, Current	43,247
Operating Lease, Liability, Noncurrent	118,783
Operating Lease, Liability	162,030
Finance Lease, Right-of-Use Asset	11,856
Finance Lease, Liability, Current	1,526
Finance Lease, Liability, Noncurrent	8,350
Finance Lease, Liability	9,876
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	$ 909

Lease Maturity Tables (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Operating Lease Liabilities, Payments Due [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 37,090	$ 49,009
Operating Leases, Future Minimum Payments, Due in Two Years	39,237	38,620
Operating Leases, Future Minimum Payments, Due in Three Years	29,666	29,396
Operating Leases, Future Minimum Payments, Due in Four Years	21,329	21,767
Operating Leases, Future Minimum Payments, Due in Five Years	13,544	13,994
Operating Leases, Future Minimum Payments, Due Thereafter	42,182	42,087
Operating Leases, Future Minimum Payments Due	183,048	194,873
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(21,018)
Lessee, Operating Lease, Liability, Payments, Due	162,030
Finance Lease Liabilities, Payments, Due [Abstract]
Capital Leases, Future Minimum Payments Due, Next Twelve Months	1,425	1,802
Capital Leases, Future Minimum Payments Due in Two Years	1,881	1,748
Capital Leases, Future Minimum Payments Due in Three Years	1,793	1,687
Capital Leases, Future Minimum Payments Due in Four Years	1,608	1,392
Capital Leases, Future Minimum Payments Due in Five Years	1,204	952
Capital Leases, Future Minimum Payments Due Thereafter	4,040	3,802
Capital Leases, Future Minimum Payments Due	11,951	$ 11,383
Finance Lease, Liability, Undiscounted Excess Amount	2,075
Finance Lease, Liability, Payments, Due	$ 9,876

Lease Assumptions (Details)	Mar. 31, 2019
Lessee, Lease, Description [Line Items]
Operating Lease, Weighted Average Remaining Lease Term	5 years 9 months 18 days
Finance Lease, Weighted Average Remaining Lease Term	6 years 4 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	3.30%
Finance Lease, Weighted Average Discount Rate, Percent	4.40%

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Goodwill [Roll Forward]
Goodwill Balance	$ 3,777,277	$ 3,677,328
Goodwill, Acquired During Period	97,817
Goodwill, Written off Related to Sale of Business Unit	(4,739)
Foreign Currency Translation	6,871
Balance	3,777,277
Engineered Systems Segment [Member]
Goodwill [Roll Forward]
Goodwill Balance	1,622,200	1,623,660
Goodwill, Acquired During Period	0
Goodwill, Written off Related to Sale of Business Unit	0
Foreign Currency Translation	(1,460)
Balance	1,622,200
Fluids Segment [Member]
Goodwill [Roll Forward]
Goodwill Balance	1,609,066	1,507,602
Goodwill, Acquired During Period	97,817
Goodwill, Written off Related to Sale of Business Unit	(4,739)
Foreign Currency Translation	8,386
Balance	1,609,066
Refrigeration and Food Equipment Segment [Member]
Goodwill [Roll Forward]
Goodwill Balance	546,011	$ 546,066
Goodwill, Acquired During Period	0
Goodwill, Written off Related to Sale of Business Unit	0
Foreign Currency Translation	(55)
Balance	$ 546,011

Goodwill and Other Intangible Assets - Intangible Assets and Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 2,070,771		$ 2,046,063
Accumulated amortization	1,018,306		1,008,475
Finite-Lived Intangible Assets, Net	1,052,465		1,037,588
Intangible Assets, Gross (Excluding Goodwill)	2,167,442		2,142,731
Intangible assets, net	1,149,136		1,134,256
Amortization expense	35,550	$ 36,461
Acquisition-related amortization expense	35,155	$ 35,889
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	0		0
Customer Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,404,109		1,395,742
Accumulated amortization	648,177		645,305
Finite-Lived Intangible Assets, Net	755,932		750,437
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	217,996		214,774
Accumulated amortization	74,597		72,305
Finite-Lived Intangible Assets, Net	143,399		142,469
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	160,240		144,302
Accumulated amortization	129,692		128,254
Finite-Lived Intangible Assets, Net	30,548		16,048
Unpatented Technologies [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	155,481		155,380
Accumulated amortization	89,379		85,560
Finite-Lived Intangible Assets, Net	66,102		69,820
Distributor Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	83,804		82,970
Accumulated amortization	39,750		37,943
Finite-Lived Intangible Assets, Net	44,054		45,027
Drawings and Manuals [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	27,707		31,849
Accumulated amortization	20,784		23,273
Finite-Lived Intangible Assets, Net	6,923		8,576
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	21,434		21,046
Accumulated amortization	15,927		15,835
Finite-Lived Intangible Assets, Net	$ 5,507		$ 5,211

Goodwill and Other Intangible Assets - Indefinite-lived Intangibles (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Trademarks [Member]
Unamortized Intangible Assets [Abstract]
Gross carrying amount	$ 96,671	$ 96,668

Restructuring Activities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended	12 Months Ended
Restructuring Activities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2,936	$ 4,220
Restructuring Reserve [Roll Forward]
Severance and other restructuring reserve, beginning balance	28,164		$ 18,231	$ 28,164
Provision	2,936
Payments	(11,200)
Other, including write-offs of fixed assets	(1,669)
Severance and other restructuring reserve, ending balance	18,231
Engineered Systems Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	370	1,375
Fluids Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,119	2,051
Refrigeration and Food Equipment Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,412	45
Corporate, Non-Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	35	749
Footprint Consolidation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,000
Footprint Consolidation Costs [Member] \| Scenario, Forecast [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges			9,000	10,000
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Severance and other restructuring reserve, beginning balance	24,284		14,695	24,284
Provision	1,941
Payments	(10,776)
Other, including write-offs of fixed assets	(754)
Severance and other restructuring reserve, ending balance	14,695
Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Severance and other restructuring reserve, beginning balance	3,880		3,536	3,880
Provision	995
Payments	(424)
Other, including write-offs of fixed assets	(915)
Severance and other restructuring reserve, ending balance	3,536
Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,179	2,339
Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,757	$ 1,881
Selling, General and Administrative Expenses [Member] \| Rightsizing Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2,000
Selling, General and Administrative Expenses [Member] \| Rightsizing Costs [Member] \| Scenario, Forecast [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 3,000	$ 5,000

Borrowings (Details) € in Thousands, $ in Thousands	3 Months Ended
Borrowings (Details) € in Thousands, $ in Thousands	Mar. 31, 2019 USD ($)	Mar. 31, 2019 EUR (€)	Dec. 31, 2018 USD ($)
Short-term borrowings [Abstract]
Current poriton of long-term debt and short-term borrowings	$ 1,355		$ 0
Commercial Paper	344,900		220,318
Notes payable and current maturities of long-term debt	346,255		220,318
Long-term borrowings [Abstract]
Long-term debt	2,940,967		2,943,660
Long-term debt current portion	0		0
Net long-term debt	2,940,967		2,943,660
Unamortized debt discounts	15,400		15,800
Deferred debt issuance costs	12,600		13,000
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, 2019 and had a coverage ratio of 9.7 to 1.0.
Letters of Credit Outstanding, Amount	$ 142,400
Note due 2020 [Member]
Long-term borrowings [Abstract]
Long-term debt	338,583		339,657
Debt Instrument, Face Amount \| €		€ 300,000
Note due 2021 [Member]
Long-term borrowings [Abstract]
Long-term debt	449,293		449,200
Debt Instrument, Face Amount	450,000
Note due 2025 [Member]
Long-term borrowings [Abstract]
Long-term debt	395,537		395,368
Debt Instrument, Face Amount	400,000
Note due 2026 [Member]
Long-term borrowings [Abstract]
Long-term debt	670,021		672,103
Debt Instrument, Face Amount \| €		€ 600,000
Debentures due 2028 [Member]
Long-term borrowings [Abstract]
Long-term debt	199,080		199,054
Debt Instrument, Face Amount	200,000
Debenture due 2035 [Member]
Long-term borrowings [Abstract]
Long-term debt	295,873		295,811
Debt Instrument, Face Amount	300,000
Note due 2038 [Member]
Long-term borrowings [Abstract]
Long-term debt	247,855		247,827
Debt Instrument, Face Amount	250,000
Note due 2041 [Member]
Long-term borrowings [Abstract]
Long-term debt	343,946		343,877
Debt Instrument, Face Amount	350,000
Other long term debt instruments [Member]
Long-term borrowings [Abstract]
Long-term debt	$ 779		$ 763

Financial Instruments (Details) € in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)	Mar. 31, 2018 USD ($)	Mar. 31, 2019 EUR (€)	Dec. 31, 2018 USD ($)
Derivatives, Fair Value [Line Items]
(Loss) gain on euro-denominated debt	$ 3,557	$ (44,109)
Tax benefit (expense)	(747)	9,263
Net (loss) gain on net investment hedge, net of tax	2,810	$ (34,846)
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	210,787			$ 153,873
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	91,749			66,906
Foreign Exchange Forward [Member] \| Designated as Hedging Instrument [Member] \| Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Fair Value - Asset	3,996			1,874
Foreign Exchange Forward [Member] \| Designated as Hedging Instrument [Member] \| Other Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Fair Value - Liability	637			$ 1,165
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 2020 [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Face Amount \| €			300,000
Note due 2020 [Member] \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Debt Instrument, Face Amount \| €			€ 300,000

Financial Instruments - Balance Sheet Location (Details) - Fair Value, Measurements, Recurring [Member] - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets [Abstract]
Foreign currency cash flow hedges - asset	$ 3,996	$ 1,874
Liabilities [Abstract]
Foreign currency cash flow hedges - liability	$ 637	$ 1,165

Financial Instruments - Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 2,940,967	$ 2,943,660
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	3,190,794	3,132,330
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	3,996	1,874
Foreign currency cash flow hedges - liability	$ (637)	$ (1,165)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Effective tax rate (in hundredths)	23.60%	18.50%
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	$ 12,200

Equity Incentive Program (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Stock-based compensation expense [Abstract]
Pre-tax stock-based compensation expense	$ 8,182	$ 6,745
Tax benefit	(1,048)	(1,496)
Total stock-based compensation expense, net of tax	$ 7,134	$ 5,249
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards issued during period (in shares)	610,979
Risk-free interest rate (in hundredths)	2.51%
Dividend yield (in hundredths)	2.13%
Expected life (in years)	5 years 7 months 6 days
Volatility (in hundredths)	22.35%
Grant price (in dollars per share)	$ 91.20
Fair value at date of grant (in dollars per share)	$ 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)	121,560
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards issued during period (in shares)	34,402
Fair value at date of grant (in dollars per share)	$ 91.20
Performance share attainment	211.68%	267.91%
Minimum [Member] \| Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (in hundredths)		2.58%
Dividend yield (in hundredths)		1.99%
Expected life (in years)		5 years 7 months 6 days
Volatility (in hundredths)		20.95%
Fair value at date of grant (in dollars per share)		$ 14.58
Minimum [Member] \| Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant price (in dollars per share)		$ 79.75
Maximum [Member] \| Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (in hundredths)		2.87%
Dividend yield (in hundredths)		2.43%
Expected life (in years)		5 years 8 months 12 days
Volatility (in hundredths)		21.20%
Grant price (in dollars per share)		$ 82.09
Fair value at date of grant (in dollars per share)		15.41
Maximum [Member] \| Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value at date of grant (in dollars per share)		$ 82.09
Discontinuing Operations [Member]
Stock-based compensation expense [Abstract]
Pre-tax stock-based compensation expense		$ 569

Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Accrual for environmental loss contingencies	$ 31,555		$ 31,797
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Beginning balance	50,073	$ 59,403
Provision for warranties	13,955	12,447
Settlements made	(14,993)	(14,833)
Other adjustments, including acquisitions and currency translation	(792)	848
Ending balance	$ 48,243	$ 57,865

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Net periodic benefit cost [Abstract]
Total amount amortized out of accumulated other comprehensive income	$ 952	$ 3,410
Defined contribution plan expense	12,906	12,870
Post-Retirement Benefits [Member]
Net periodic benefit cost [Abstract]
Service cost	5	8
Interest cost	78	73
Prior service cost (credit)	3	3
Recognized actuarial loss	(18)	(8)
Net periodic (income)/expense	68	76
Qualified Plan [Member] \| Defined benefit pension plans \| U.S. Pension Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Service cost	1,754	2,984
Interest cost	4,756	5,102
Expected return on plan assets	(8,534)	(10,211)
Prior service cost (credit)	76	87
Recognized actuarial loss	0	1,931
Transition obligation	0	0
Net periodic (income)/expense	(1,948)	(107)
Qualified Plan [Member] \| Defined benefit pension plans \| Foreign Pension Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Service cost	1,545	1,577
Interest cost	1,241	1,378
Expected return on plan assets	(1,517)	(2,091)
Prior service cost (credit)	(58)	(115)
Recognized actuarial loss	816	803
Transition obligation	0	1
Net periodic (income)/expense	2,027	1,553
Nonqualified Plan [Member] \| Supplemental Employee Retirement Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Service cost	486	695
Interest cost	668	893
Prior service cost (credit)	703	963
Recognized actuarial loss	(570)	(255)
Net periodic (income)/expense	1,287	2,296
Discontinued Operations [Member] \| Qualified Plan [Member] \| Defined benefit pension plans \| U.S. Pension Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Net periodic (income)/expense	0	677
Discontinued Operations [Member] \| Qualified Plan [Member] \| Defined benefit pension plans \| Foreign Pension Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Net periodic (income)/expense	0	174
Discontinued Operations [Member] \| Nonqualified Plan [Member] \| Supplemental Employee Retirement Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Net periodic (income)/expense	0	254
Continuing Operations [Member] \| Qualified Plan [Member] \| Defined benefit pension plans \| U.S. Pension Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Net periodic (income)/expense	(1,948)	(784)
Continuing Operations [Member] \| Qualified Plan [Member] \| Defined benefit pension plans \| Foreign Pension Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Net periodic (income)/expense	2,027	1,379
Continuing Operations [Member] \| Nonqualified Plan [Member] \| Supplemental Employee Retirement Plans, Defined Benefit [Member]
Net periodic benefit cost [Abstract]
Net periodic (income)/expense	$ 1,287	$ 2,042

Other Comprehensive Earnings (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Foreign currency translation adjustments [Abstract]
Foreign currency translation adjustments, before tax	$ 49,786	$ 43,045
Foreign currency translation adjustments, tax	(747)	9,263
Total foreign currency translation adjustment	49,039	52,308
Pension and other postretirement benefit plans [Abstract]
Pension and other postretirement benefit plans, before tax	952	3,410
Pension and other postretirement benefit plans, tax	(205)	(728)
Total pension and other postretirement benefit plans	747	2,682
Changes in fair value of cash flow hedges [Abstract]
Changes in fair value of cash flow hedges, before tax	2,993	1,404
Changes in fair value of cash flow hedges, tax	(629)	(295)
Total cash flow hedges	2,364	1,109
Total other comprehensive earnings [Abstract]
Other comprehensive earnings (loss), before Tax	53,731	47,859
Other comprehensive earnings (loss), tax	(1,581)	8,240
Other comprehensive (loss) earnings	52,150	56,099
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net earnings	105,705	131,435
Other comprehensive earnings (loss)	52,150	56,099
Comprehensive earnings	157,855	187,534
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	0
Tax benefit	0	0
Net of tax	25,339	0
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans Net Of Tax Abstract [Abstract]
Amortization of actuarial losses	228	2,471
Amortization of prior service costs	724	939
Total before tax	952	3,410
Tax (benefit) provision	(205)	(728)
Net of tax	747	2,682
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Derivatives Net of Tax [Abstract]
Net (gains) losses reclassified into earnings	(291)	(320)
Tax expense (benefit)	61	67
Net of tax	$ (230)	$ (253)

Segment Information (Details) $ in Thousands	3 Months Ended
Segment Information (Details) $ in Thousands	Mar. 31, 2019 USD ($) segments	Mar. 31, 2018 USD ($)
Segment Reporting [Abstract]
Fluids Segment Earnings Excluding Loss on Finder	$ 99,167
Segment Reporting Information [Line Items]
Spin-off Costs Incurred to Date		$ 11,746
Number of reportable segments \| segments	3
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenues	$ 1,724,757	1,637,671
Interest Expense	31,808	35,640
Interest Income	(890)	(2,058)
Earnings before provision for income taxes	138,318	134,251
Provision for income taxes	(32,613)	(24,841)
Earnings from continuing operations	105,705	109,410
Engineered Systems Segment [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenues	687,191	671,626
Earnings before provision for income taxes	123,074	102,066
Fluids Segment [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenues	703,224	628,098
Earnings before provision for income taxes	52,221	67,348
Refrigeration and Food Equipment Segment [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenues	334,643	338,235
Earnings before provision for income taxes	24,807	29,182
Intersegment Eliminations [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenues	(301)	(288)
Total segments [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Earnings before provision for income taxes	200,102	198,596
Corporate expense / other [Member]
Reconciliation from Segment Totals to Consolidated [Abstract]
Earnings before provision for income taxes	$ 30,866	$ 30,763

Share Repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share Repurchases [Line Items]
Purchase of common stock	$ 0	$ 44,977
January 2015 Authorization [Member]
Share Repurchases [Line Items]
Share repurchases		440,608
Purchase of common stock		$ 44,977
Treasury Stock Acquired, Average Cost Per Share		$ 102.08
Remaining number of shares authorized to be repurchased		5,271,168
February 2018 Authorization [Member]
Share Repurchases [Line Items]
Number of shares authorized to be repurchased		20,000,000
Share repurchases	0
Remaining number of shares authorized to be repurchased	9,703,666

Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings from continuing operations	$ 105,705	$ 109,410
Earnings (loss) from discontinued operations	0	22,025
Net earnings	$ 105,705	$ 131,435
Basic earnings (loss) per common share:
Earnings from continuing operations (in dollars per basic share)	$ 0.73	$ 0.71
Earnings (loss) per share from discontinued operations (in dollars per basic share)	0	0.14
Net earnings (in dollars per basic share)	$ 0.73	$ 0.85
Weighted average shares outstanding - basic (in shares)	145,087,000	154,520,000
Diluted earnings (loss) per common share:
Earnings from continuing operations (in dollars per diluted share)	$ 0.72	$ 0.70
Earnings (loss) per share from discontinued operations (in dollars per diluted share)	0	0.14
Net earnings (in dollars per diluted share)	$ 0.72	$ 0.84
Weighted average shares outstanding - diluted (in shares)	146,911,000	157,090,000
Reconciliation Of Share Amounts Used In Computing Earnings Per Share [Abstract]
Weighted average shares outstanding - basic (in shares)	145,087,000	154,520,000
Dilutive effect of assumed exercise of SAR's and vesting of performance shares (in shares)	1,824,000	2,570,000
Weighted average shares outstanding - diluted (in shares)	146,911,000	157,090,000
Antidilutive securities excluded from computation of earnings per share	42,000	13,000

Recent Accounting Standards (Details) - Accounting Standards Update 2018-02 [Member] $ in Thousands	Mar. 31, 2018 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 0
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 12,856

Subsequent Events (Details) - USD ($) $ in Thousands	3 Months Ended
Subsequent Events (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Mar. 31, 2018
Subsequent Event [Line Items]
Proceeds from sale of businesses		$ 2,245	$ 2,069
Subsequent Event [Member]
Subsequent Event [Line Items]
Proceeds from sale of businesses	$ 24,218