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Reportable Segments
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
As reported in our Annual Report on Form 10-K for the year ended December 31, 2019, the structure of our internal organization is divided into the following reportable segments, which are also our operating segments: Distribution and Storage Eastern Hemisphere (“D&S East”), Distribution and Storage Western Hemisphere (“D&S West”), Energy & Chemicals Cryogenics (“E&C Cryogenics”), and Energy & Chemicals FinFans (“E&C FinFans”).
Our D&S East segment has principal operations in Europe and Asia and primarily serves the geographic regions of Europe, Middle East and Asia. Our D&S West segment has principal operations in the United States and Latin America and primarily serves the Americas geographic region. Our D&S West segment also includes cryobiological storage manufacturing and distribution operations in the U.S., Europe and Asia, which serve customers around the world. E&C Cryogenics supplies critical engineered equipment and systems used in the separation, liquefaction, and purification of hydrocarbon and industrial gases that span gas-to-liquid applications. The E&C FinFans segment is focused on our unique and broad product offering and capabilities in air cooled heat exchangers (“ACHX”) and fans. Corporate includes operating expenses for executive management, accounting, tax, treasury, corporate development, human resources, information technology, investor relations,
legal, internal audit, and risk management. Corporate support functions are not currently allocated to the segments. All prior period amounts presented in the tables below have been reclassified based on our current reportable segments.
Our chief operating decision maker forms decisions about how to allocate resources to and evaluates performance of each of our segments based on operating income or loss as determined in our consolidated statements of income and comprehensive income.
Segment Financial Information
 Three Months Ended June 30, 2020
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsCorporateConsolidated
Sales to external customers
$79.7  $106.8  $63.7  $64.1  $(3.9) $—  $310.4  
Depreciation and amortization expense3.4  3.0  3.6  13.1  —  0.5  23.6  
Operating income (loss) (1) (2)
8.1  27.8  14.3  (0.2) —  (16.6) 33.4  
Capital expenditures3.5  5.3  0.5  0.4  —  1.0  10.7  
 Three Months Ended June 30, 2019
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsCorporateConsolidated
Sales to external customers$77.7  $115.7  $47.6  $72.6  $(4.0) $—  $309.6  
Depreciation and amortization expense4.0  2.9  4.6  4.1  —  0.4  16.0  
Operating income (loss) (1) (3)
1.9  28.7  —  10.2  (1.4) (14.1) 25.3  
Capital expenditures4.9  2.6  0.4  0.4  —  0.9  9.2  
 Six Months Ended June 30, 2020
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsCorporateConsolidated
Sales to external customers$149.7  $218.4  $125.9  $144.8  $(7.3) $—  $631.5  
Depreciation and amortization expense7.0  6.0  7.4  26.2  —  0.9  47.5  
Operating income (loss) (1) (2)
15.0  54.3  23.0  0.9  —  (36.3) 56.9  
Capital expenditures8.6  7.0  1.5  0.9  —  3.0  21.0  
 Six Months Ended June 30, 2019
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsCorporateConsolidated
Sales to external customers$146.4  $233.7  $82.7  $143.1  $(7.0) $—  $598.9  
Depreciation and amortization expense8.2  5.8  9.1  8.2  —  0.7  32.0  
Operating income (loss) (1) (3)
(0.4) 54.3  (10.7) 19.6  (2.5) (30.4) 29.9  
Capital expenditures5.9  3.8  3.1  0.9  —  1.4  15.1  
_______________
(1)Restructuring costs/(credits) for the:
three months ended June 30, 2020 were $5.6 ($0.9 - D&S East, $0.2 - D&S West, $0.4 - E&C Cryogenics, $2.5 - E&C FinFans, $1.6 - Corporate).
three months ended June 30, 2019 were $4.4 ($5.4 - D&S East, $0.1 - D&S West, $(1.2) - E&C Cryogenics, $0.1 - E&C FinFans).
six months ended June 30, 2020 were $10.8 ($1.9 - D&S East, $1.0 - D&S West, $0.8 - E&C Cryogenics, $4.9 - E&C FinFans, and $2.2 - Corporate).
six months ended June 30, 2019 were $11.8 ($7.8 - D&S East, $0.4 - D&S West, $2.2 - E&C Cryogenics, $1.2 - E&C FinFans, and $0.2 - Corporate).
(2)Includes a $2.6 gain on sale of a facility in China for both the three and six months ended June 30, 2020 recorded within our D&S East segment.
(3)Corporate includes transaction-related costs of $1.8 and $2.7 for the three and six months ended June 30, 2019, respectively (includes costs associated with business development and other one-time transactions).
Product Sales Information
 Three Months Ended June 30, 2020
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsConsolidated
Natural gas processing (including petrochemical) and industrial gas applications$0.9  $—  $23.5  $42.1  $—  $66.5  
Liquefied natural gas (LNG) applications22.1  14.7  34.7  9.9  (2.8) 78.6  
HVAC, power and refining applications—  —  5.5  12.1  (0.2) 17.4  
Bulk industrial gas applications44.6  36.8  —  —  (0.3) 81.1  
Packaged gas industrial applications11.8  34.4  —  —  (0.6) 45.6  
Cryobiological storage0.3  20.9  —  —  —  21.2  
Total$79.7  $106.8  $63.7  $64.1  $(3.9) $310.4  
 Three Months Ended June 30, 2019
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsConsolidated
Natural gas processing (including petrochemical) and industrial gas applications$—  $—  $31.4  $53.6  $—  $85.0  
Liquefied natural gas (LNG) applications16.3  19.9  5.3  10.5  —  52.0  
HVAC, power and refining applications—  —  10.9  8.5  —  19.4  
Bulk industrial gas applications47.9  35.7  —  —  (0.5) 83.1  
Packaged gas industrial applications13.5  35.4  —  —  (1.3) 47.6  
Cryobiological storage—  24.7  —  —  (2.2) 22.5  
Total$77.7  $115.7  $47.6  $72.6  $(4.0) $309.6  
 Six Months Ended June 30, 2020
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsConsolidated
Natural gas processing (including petrochemical) and industrial gas applications$0.9  $—  $45.1  $104.1  $(0.3) $149.8  
Liquefied natural gas (LNG) applications41.8  33.5  68.0  18.5  (3.9) 157.9  
HVAC, power and refining applications—  —  12.8  22.2  (0.3) 34.7  
Bulk industrial gas applications83.6  71.1  —  —  (1.2) 153.5  
Packaged gas industrial applications22.9  73.7  —  —  (1.5) 95.1  
Cryobiological storage0.5  40.1  —  —  (0.1) 40.5  
Total$149.7  $218.4  $125.9  $144.8  $(7.3) $631.5  
 Six Months Ended June 30, 2019
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsConsolidated
Natural gas processing (including petrochemical) and industrial gas applications$—  $—  $57.3  $105.1  $—  $162.4  
Liquefied natural gas (LNG) applications28.4  42.0  9.5  20.9  —  100.8  
HVAC, power and refining applications—  —  15.9  17.1  —  33.0  
Bulk industrial gas applications88.1  73.5  —  —  (0.8) 160.8  
Packaged gas industrial applications29.9  71.5  —  —  (2.3) 99.1  
Cryobiological storage—  46.7  —  —  (3.9) 42.8  
Total$146.4  $233.7  $82.7  $143.1  $(7.0) $598.9  

Total AssetsJune 30,
2020
December 31,
2019
D&S East$528.0  $528.6  
D&S West422.2  414.9  
E&C Cryogenics437.8  430.3  
E&C FinFans1,002.8  1,028.0  
Corporate61.8  79.6  
Total$2,452.6  $2,481.4