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Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill by segment

The following table represents the changes in goodwill by segment:

			D&S East						D&S West						E&C Cryogenics						E&C FinFans						Consolidated
Balance at December 31, 2019			$	117.0					$	118.6					$	176.2					$	399.6					$	811.4
Foreign currency translation adjustments			4.5						—						—						1.3						5.8
Purchase price adjustment			—						—						—						0.4						0.4
Balance at September 30, 2020			$	121.5					$	118.6					$	176.2					$	401.3					$	817.6

Schedule of finite-lived intangible assets

The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill) ⁽¹⁾:

									September 30, 2020																		December 31, 2019
			Weighted-average Estimated Useful Life						Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Finite-lived intangible assets:
Customer relationships			13 years						$	382.3					$	(136.4)					$	380.3					$	(115.0)
Unpatented technology			10 years						91.8						(19.6)						90.1						(13.0)
Patents and other			15 years						1.7						(0.4)						20.9						(9.8)
Trademarks and trade names			13 years						2.6						(1.4)						2.4						(1.2)
Land use rights			50 years						10.6						(1.3)						11.0						(1.2)
Total finite-lived intangible assets			13 years						489.0						(159.1)						504.7						(140.2)
Indefinite-lived intangible assets:
Trademarks and trade names									158.8						—						157.9						—
Total intangible assets									$	647.8					$	(159.1)					$	662.6					$	(140.2)

_______________

⁽¹⁾Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.

Schedule of indefinite-lived intangible assets

The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill) ⁽¹⁾:

									September 30, 2020																		December 31, 2019
			Weighted-average Estimated Useful Life						Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Finite-lived intangible assets:
Customer relationships			13 years						$	382.3					$	(136.4)					$	380.3					$	(115.0)
Unpatented technology			10 years						91.8						(19.6)						90.1						(13.0)
Patents and other			15 years						1.7						(0.4)						20.9						(9.8)
Trademarks and trade names			13 years						2.6						(1.4)						2.4						(1.2)
Land use rights			50 years						10.6						(1.3)						11.0						(1.2)
Total finite-lived intangible assets			13 years						489.0						(159.1)						504.7						(140.2)
Indefinite-lived intangible assets:
Trademarks and trade names									158.8						—						157.9						—
Total intangible assets									$	647.8					$	(159.1)					$	662.6					$	(140.2)

_______________

⁽¹⁾Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.

Schedule of estimated future amortization

We estimate amortization expense to be recognized during the next five years as follows:

For the Year Ending December 31,
2020			$	46.7
2021			36.1
2022			36.0
2023			35.7
2024			34.8

Schedule of government grants

China Government Grants are presented in our unaudited condensed consolidated balance sheets as follows:

			September 30, 2020						December 31, 2019
Current			$	0.5					$	0.5
Long-term			7.3						7.2
Total China Government Grants			$	7.8					$	7.7

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