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Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | We evaluate performance and allocate resources based on operating income as determined in our consolidated statements of income. Segment Financial Information
| Year Ended December 31, 2023
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales | $ | 640.8 |  |  | $ | 891.2 |  |  | $ | 819.9 |  |  | $ | 1,029.2 |  |  | $ | (28.6) |  |  | $ | — |  |  | $ | 3,352.5 |
Depreciation and amortization expense | 23.2 |  |  | 32.6 |  |  | 24.7 |  |  | 145.1 |  |  | — |  |  | 5.5 |  |  | 231.1
Operating income (loss) (1) (2) | 54.5 |  |  | 175.8 |  |  | 119.7 |  |  | 203.3 |  |  | — |  |  | (162.6) |  |  | 390.7
| Year Ended December 31, 2022
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales | $ | 504.3 |  |  | $ | 462.7 |  |  | $ | 448.3 |  |  | $ | 209.6 |  |  | $ | (12.5) |  |  | $ | — |  |  | $ | 1,612.4 |
Depreciation and amortization expense | 16.7 |  |  | 29.3 |  |  | 16.4 |  |  | 17.1 |  |  | — |  |  | 2.4 |  |  | 81.9 |
Operating income (loss) (1) (2) | 54.0 |  |  | 51.7 |  |  | 72.9 |  |  | 51.0 |  |  | — |  |  | (78.1) |  |  | 151.5 |
| Year Ended December 31, 2021
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales | $ | 447.4 |  |  | $ | 262.7 |  |  | $ | 432.9 |  |  | $ | 187.0 |  |  | $ | (12.3) |  |  | $ | — |  |  | $ | 1,317.7 |
Depreciation and amortization expense | 14.9 |  |  | 37.6 |  |  | 15.1 |  |  | 11.3 |  |  | — |  |  | 1.7 |  |  | 80.6 |
Operating income (loss) (1) (2) | 52.9 |  |  | (12.3) |  |  | 94.1 |  |  | 23.3 |  |  | — |  |  | (69.5) |  |  | 88.5 |
_______________ (1) Restructuring costs (credits) for the years ended: •December 31, 2023 were $13.5 ($5.2 - Corporate, $4.0 – Repair, Service & Leasing, $1.8 – Specialty Products, $1.6 – Cryo Tank Solutions and $0.9 – Heat Transfer Systems); •December 31, 2022 were $(1.0) ($(1.4) – Repair, Service & Leasing, $0.3 – Heat Transfer Systems and $0.1 – Cryo Tank Solutions); and •December 31, 2021 were $3.5 ($1.7 – Heat Transfer Systems, $1.5 – Repair, Service & Leasing and $0.3 – Cryo Tank Solutions). (2) Acquisition-related contingent consideration credits in our Specialty Products segment related to our 2020 acquisitions of Sustainable Energy Solutions, Inc. (“SES”) and BlueInGreen, LLC (“BIG”) and for Maintenance Partners NV in our Repair, Service and Leasing segment, assumed as part of the Howden Acquisition, for the years ended: •December 31, 2023 were $(8.7) ($(8.5) – Specialty Products and $(0.2) – Repair, Service & Leasing); and •December 31, 2022 were $(3.9) – Specialty Products. Sales by Geography Net sales by geographic area are reported by the destination of sales.
| Year Ended December 31, 2023
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America (1) | $ | 309.5 |  |  | $ | 594.0 |  |  | $ | 307.6 |  |  | $ | 317.6 |  |  | $ | (13.1) |  |  | $ | 1,515.6 |
Europe, Middle East, Africa and India | 210.0 |  |  | 115.3 |  |  | 230.3 |  |  | 468.4 |  |  | (9.9) |  |  | 1,014.1 |
Asia-Pacific (2) | 114.4 |  |  | 163.8 |  |  | 266.3 |  |  | 203.3 |  |  | (5.1) |  |  | 742.7 |
Rest of the World | 6.9 |  |  | 18.1 |  |  | 15.7 |  |  | 39.9 |  |  | (0.5) |  |  | 80.1 |
Total | $ | 640.8 |  |  | $ | 891.2 |  |  | $ | 819.9 |  |  | $ | 1,029.2 |  |  | $ | (28.6) |  |  | $ | 3,352.5 |
| Year Ended December 31, 2022
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America (1) | $ | 214.8 |  |  | $ | 323.5 |  |  | $ | 302.2 |  |  | $ | 147.0 |  |  | $ | (6.6) |  |  | $ | 980.9 |
Europe, Middle East, Africa and India | 185.7 |  |  | 97.5 |  |  | 113.2 |  |  | 41.9 |  |  | (3.9) |  |  | 434.4 |
Asia-Pacific (2) | 98.1 |  |  | 40.1 |  |  | 32.2 |  |  | 19.3 |  |  | (1.8) |  |  | 187.9 |
Rest of the World | 5.7 |  |  | 1.6 |  |  | 0.7 |  |  | 1.4 |  |  | (0.2) |  |  | 9.2 |
Total | $ | 504.3 |  |  | $ | 462.7 |  |  | $ | 448.3 |  |  | $ | 209.6 |  |  | $ | (12.5) |  |  | $ | 1,612.4 |
| Year Ended December 31, 2021
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America (1) | $ | 178.3 |  |  | $ | 181.1 |  |  | $ | 193.2 |  |  | $ | 118.6 |  |  | $ | (5.4) |  |  | $ | 665.8 |
Europe, Middle East, Africa and India | 155.2 |  |  | 28.6 |  |  | 204.1 |  |  | 36.4 |  |  | (4.5) |  |  | 419.8 |
Asia-Pacific (2) | 109.9 |  |  | 51.6 |  |  | 33.9 |  |  | 30.6 |  |  | (2.3) |  |  | 223.7 |
Rest of the World | 4.0 |  |  | 1.4 |  |  | 1.7 |  |  | 1.4 |  |  | (0.1) |  |  | 8.4 |
Total | $ | 447.4 |  |  | $ | 262.7 |  |  | $ | 432.9 |  |  | $ | 187.0 |  |  | $ | (12.3) |  |  | $ | 1,317.7 |
_______________ (1) Consolidated sales in the United States were $1,387.7, $938.5 and $585.9 for the years ended December 31, 2023, 2022 and 2021, respectively and represent 41.4%, 58.2% and 44.5% of consolidated sales for the same periods, respectively. (2) Consolidated sales in China were $460.9, $58.3 and $136.2 for the years ended December 31, 2023, 2022 and 2021, respectively and represent 13.7%, 3.6% and 10.3% of consolidated sales for the same periods, respectively.
| December 31,
| 2023 |  | 2022
Cryo Tank Solutions | $ | 706.1 |  |  | $ | 382.0 |
Heat Transfer Systems | 560.7 |  |  | 298.6 |
Specialty Products | 647.8 |  |  | 429.8 |
Repair, Service & Leasing | 950.1 |  |  | 182.1 |
Total assets of reportable segments | 2,864.7 |  |  | 1,292.5 |
Goodwill (1) | 2,906.8 |  |  | 992.0 |
Identifiable intangible assets, net (1) | 2,791.9 |  |  | 535.3 |
Corporate | 539.0 |  |  | 2,830.7 |
Insurance receivable, net of tax | — |  |  | 251.4 |
Total assets | $ | 9,102.4 |  |  | $ | 5,901.9 |
_______________ (1)See Note 9, “Goodwill and Intangible Assets,” for further information related to goodwill and identifiable intangible assets, net.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | Geographic Information
| Property, plant and equipment, net as of December 31,
| 2023 |  | 2022
United States | $ | 356.9 |  |  | $ | 262.0 |
Foreign |  |  |
Germany | 106.7 |  |  | 16.3 |
China | 106.4 |  |  | 49.3 |
Italy | 54.6 |  |  | 56.4 |
Czech Republic | 34.0 |  |  | 26.6 |
India | 34.0 |  |  | 19.3 |
Other foreign countries | 145.0 |  |  | 0.1 |
Total Foreign | 480.7 |  |  | 168.0 |
Total | $ | 837.6 |  |  | $ | 430.0 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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