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Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired In Business Combination
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed in the VRV acquisition as of the acquisition date:
 
December 31, 2019
 
Adjustments
 
As Previously Reported December 31, 2018
Net assets acquired:
 
 
 
 
 
Identifiable intangible assets
$
50.6

 
$
(16.0
)
 
$
66.6

Property, plant and equipment
67.5

 
(3.0
)
 
70.5

Goodwill
101.7

 
38.5

 
63.2

Other net assets
2.6

 
(15.3
)
 
17.9

Debt
(4.9
)
 
—

 
(4.9
)
Debt extinguished in close proximity to acquisition date (1)
(72.0
)
 
—

 
(72.0
)
Net assets acquired
$
145.5

 
$
4.2

 
$
141.3

_______________
(1) 
As described above, we assumed indebtedness of VRV of euro 63.7 million (equivalent to $72.0), which was paid off immediately at closing or shortly thereafter. The fair value of the net assets acquired and liabilities assumed reflects this indebtedness and differs from the fair value of the consideration transferred due to the nature and timing of the debt extinguishment.
The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed in the AXC acquisition as of the acquisition date:
 
Preliminary Estimated Fair Value
Net assets acquired:
 
Identifiable intangible assets
$
256.4

Goodwill
287.5

Property, plant and equipment
34.2

Other assets
53.1

Liabilities
(31.5
)
Net assets acquired
$
599.7
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
Information regarding preliminary identifiable intangible assets acquired in the AXC acquisition is presented below:
 
Weighted-average Estimated Useful Life
 
Preliminary Estimated Asset Fair Value
Finite-lived intangible assets:
 
 
 
Customer relationships
14.0 years
 
$
139.1

Unpatented technology
10.0 years
 
42.1

Backlog (1)
1.0 year
 
19.2

Other identifiable intangible assets (1)
4.0 years
 
1.0

Total finite-lived intangible assets acquired
11.0 years
 
201.4

Indefinite-lived intangible assets:
 
 
 
Trademarks and trade names
 
 
55.0

Total identifiable intangible assets acquired
 
 
$
256.4

(1) 
Backlog and other identifiable intangible assets is included in “Patents and other” in Note 9, “Goodwill and Intangible Assets.”
Information regarding identifiable intangible assets acquired in the VRV acquisition is presented below:
 
Weighted-average Estimated Useful Life
 
Estimated Asset Fair Value
Finite-lived intangible assets:
 
 
 
Customer relationships
12.0 years
 
$
16.3

Unpatented technology
12.0 years
 
23.0

Other identifiable intangible assets (1)
4.0 years
 
0.5

Total finite-lived intangible assets acquired
9.0 years
 
39.8

Indefinite-lived intangible assets:
 
 
 
Trademarks and trade names
 
 
10.8

Total identifiable intangible assets acquired
 
 
$
50.6

_______________
(1) 
Other identifiable intangible assets is included in “Patents and other” in Note 9, “Goodwill and Intangible Assets.”
Pro Forma Disclosures
The following table presents pro forma sales, net income attributable to Chart Industries, Inc., and net income attributable to Chart Industries, Inc. per common share data assuming AXC was acquired at the beginning of the 2017 fiscal year:
 
Year Ended December 31,
 
2019
 
2018
 
2017
Pro forma sales
$
1,447.9

 
$
1,291.5

 
$
987.8

Pro forma net income attributable to Chart Industries, Inc.
56.3

 
72.0

 
(2.5
)
 
 
 
 
 
 
Pro forma net income attributable to Chart Industries, Inc. per common share, basic
$
1.66

 
$
2.05

 
$
(0.07
)
Pro forma net income attributable to Chart Industries, Inc. per common share, diluted
1.60

 
1.99

 
(0.07
)