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Reportable Segments
9 Months Ended
Sep. 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”), 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. 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.
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 September 30, 2020
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsCorporateConsolidated
Sales to external customers
$85.1 $91.1 $64.8 $40.5 $(8.3)$— $273.2 
Depreciation and amortization expense3.9 2.9 3.7 8.2 — 0.5 19.2 
Operating income (loss) (1) (2)
9.9 19.7 15.6 (1.7)— (15.4)28.1 
Capital expenditures3.7 1.6 0.2 0.1 — 0.5 6.1 
 Three Months Ended September 30, 2019
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsCorporateConsolidated
Sales to external customers$70.4 $93.3 $48.9 $128.6 $(3.2)$— $338.0 
Depreciation and amortization expense3.7 2.6 2.0 15.1 — 0.4 23.8 
Operating income (loss) (1) (2) (4)
7.1 17.8 3.6 16.2 (0.2)(21.0)23.5 
Capital expenditures3.8 2.2 0.9 1.0 — 3.5 11.4 
 Nine Months Ended September 30, 2020
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsCorporateConsolidated
Sales to external customers$234.8 $269.5 $190.7 $185.3 $(15.6)$— $864.7 
Depreciation and amortization expense10.9 8.3 11.1 34.4 — 1.4 66.1 
Operating income (loss) (1) (2) (3)
24.9 58.7 38.6 (0.8)— (51.7)69.7 
Capital expenditures12.3 8.4 1.7 1.0 — 3.5 26.9 
 Nine Months Ended September 30, 2019
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsCorporateConsolidated
Sales to external customers$216.8 $280.0 $131.3 $272.0 $(6.0)$— $894.1 
Depreciation and amortization expense11.9 7.8 11.1 23.3 — 1.1 55.2 
Operating income (loss) (1) (2) (4)
7.1 52.9 (7.1)36.0 (0.9)(51.4)36.6 
Capital expenditures9.7 5.5 4.0 1.9 — 4.9 26.0 
_______________
(1)Includes sales and operating income (loss) for AXC, included in the E&C FinFans segment results since the acquisition date, July 1, 2019 as follows:
Sales and operating loss were $71.3 and $17.3, for the nine months ended September 30, 2020, respectively.
Sales and operating income were $60.1 and $2.6, for both the three and nine months ended September 30, 2019, respectively.
(2)Restructuring costs for the:
three months ended September 30, 2020 were $1.9 ($0.1 - D&S East, $0.2 - D&S West, $1.1 - E&C FinFans, $0.5 - Corporate).
three months ended September 30, 2019 were $1.5 ($0.3 - D&S East, $0.4 - D&S West, $0.2 - E&C Cryogenics, $0.6 - E&C FinFans).
nine months ended September 30, 2020 were $12.7 ($2.0 - D&S East, $1.2 - D&S West, $0.8 - E&C Cryogenics, $6.0 - E&C FinFans, and $2.7 - Corporate).
nine months ended September 30, 2019 were $13.3 ($8.1 - D&S East, $0.8 - D&S West, $2.4 - E&C Cryogenics, $1.8 - E&C FinFans, and $0.2 - Corporate).
(3)Includes a $2.6 gain on sale of a facility in China for the nine months ended September 30, 2020 recorded within our D&S East segment.
(4)Corporate includes transaction-related costs of $4.3 and $7.0 for the three and nine months ended September 30, 2019, respectively (includes costs associated with business development and other one-time transactions).
Product Sales Information
 Three Months Ended September 30, 2020
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsConsolidated
Natural gas processing (including petrochemical) and industrial gas applications$— $— $24.6 $27.1 $— $51.7 
Liquefied natural gas (LNG) applications24.0 27.2 34.3 6.8 (3.2)89.1 
HVAC, power and refining applications— — 5.9 6.6 (0.2)12.3 
Bulk industrial gas applications45.9 31.7 — — (0.9)76.7 
Packaged gas industrial applications15.2 32.2 — — (4.0)43.4 
Total$85.1 $91.1 $64.8 $40.5 $(8.3)$273.2 

 Three Months Ended September 30, 2019
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsConsolidated
Natural gas processing (including petrochemical) and industrial gas applications$1.0 $— $24.3 $88.6 $(1.5)$112.4 
Liquefied natural gas (LNG) applications10.2 16.5 17.3 11.0 (0.1)54.9 
HVAC, power and refining applications— — 7.3 29.0 (0.6)35.7 
Bulk industrial gas applications48.2 39.5 — — (1.0)86.7 
Packaged gas industrial applications11.0 37.3 — — — 48.3 
Total$70.4 $93.3 $48.9 $128.6 $(3.2)$338.0 

 Nine Months Ended September 30, 2020
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsConsolidated
Natural gas processing (including petrochemical) and industrial gas applications$0.9 $— $69.7 $131.2 $(0.3)$201.5 
Liquefied natural gas (LNG) applications65.8 60.7 102.3 25.3 (7.1)247.0 
HVAC, power and refining applications— — 18.7 28.8 (0.5)47.0 
Bulk industrial gas applications129.5 102.9 — — (2.1)230.3 
Packaged gas industrial applications38.6 105.9 — — (5.6)138.9 
Total$234.8 $269.5 $190.7 $185.3 $(15.6)$864.7 
 Nine Months Ended September 30, 2019
 D&S EastD&S WestE&C CryogenicsE&C FinFansIntersegment EliminationsConsolidated
Natural gas processing (including petrochemical) and industrial gas applications$1.0 $— $81.4 $193.9 $(1.5)$274.8 
Liquefied natural gas (LNG) applications38.6 58.2 26.5 32.2 (0.1)155.4 
HVAC, power and refining applications— — 23.4 45.9 (0.6)68.7 
Bulk industrial gas applications136.3 113.0 — — (1.8)247.5 
Packaged gas industrial applications$40.9 $108.8 $— $— $(2.0)$147.7 
Total$216.8 $280.0 $131.3 $272.0 $(6.0)$894.1 

Total AssetsSeptember 30,
2020
December 31,
2019
D&S East$531.9 $528.6 
D&S West377.7 349.0 
E&C Cryogenics424.4 430.3 
E&C FinFans983.4 1,028.0 
Corporate66.1 76.9 
Discontinued Operations69.4 68.6 
Total$2,452.9 $2,481.4