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Reportable Segments
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
As reported in our Annual Report on Form 10-K for the year ended December 31, 2023, we have four reportable segments, which are also our operating segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing.
Our Cryo Tank Solutions segment, which has principal operations in the United States, Europe and Asia, serves most geographic regions around the globe, supplying bulk, microbulk and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases and certain hydrocarbons. Our Heat Transfer Systems segment, with principal operations in the United States and Europe, also serves most geographic regions globally, supplying mission critical engineered equipment and systems used in the separation, liquefaction, and purification of hydrocarbon, liquefied natural gas (LNG) and industrial gases that span gas-to-liquid applications. Operating globally, our Specialty Products segment supplies products used in specialty end-market applications including hydrogen, LNG for over-the-highway vehicles, biofuels, carbon capture, food and beverage, aerospace, lasers and water treatment, among others. Our Heat Transfer Systems, Specialty Products and Cryo Tank Solutions segments also include new build products from the Howden Acquisition such as compressors, blowers and fans, rotary heaters and steam turbines. Our Repair, Service & Leasing segment provides installation, service, repair, maintenance, refurbishment and digital monitoring of Chart’s products globally in addition to providing equipment leasing solutions.
Corporate includes operating expenses for executive management, accounting, tax, treasury, corporate development, human resources, information technology, investor relations, legal, internal audit, risk management and share-based compensation expenses. Corporate support functions are not allocated to the segments.
We evaluate performance and allocate resources based on operating income as determined in our condensed consolidated statements of operations and comprehensive loss.
Segment Financial Information
 Three Months Ended March 31, 2024
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$159.7 $253.6 $236.5 $301.0 $(0.1)$— $950.7 
Depreciation and amortization expense5.3 9.2 7.1 43.0 — 1.3 65.9 
Operating income (loss)14.0 51.2 25.1 65.1 — (42.5)112.9 
Three Months Ended March 31, 2023
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$123.5 $167.5 $126.2 $118.5 $(4.2)$— $531.5 
Depreciation and amortization expense5.6 8.4 8.6 9.9 — 0.8 33.3 
Operating income (loss) (1)
4.3 27.3 21.8 33.1 — (51.9)34.6 
_______________
(1)Acquisition-related contingent consideration credits in our Specialty Products segment related to our 2020 acquisition of Sustainable Energy Solutions, Inc. was $7.4 for the three months ended March 31, 2023.
Sales by Geography
Three Months Ended March 31, 2024
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$86.0 $157.6 $92.8 $122.1 $— $458.5 
Europe, Middle East, Africa and India45.5 40.2 65.0 120.6 — 271.3 
Asia-Pacific24.3 52.1 72.3 45.1 (0.1)193.7 
Rest of the World3.9 3.7 6.4 13.2 — 27.2 
Total$159.7 $253.6 $236.5 $301.0 $(0.1)$950.7 
Three Months Ended March 31, 2023
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$63.6 $134.6 $72.1 $55.7 $(2.3)$323.7 
Europe, Middle East, Africa and India42.0 15.5 33.0 36.1 (1.3)125.3 
Asia-Pacific17.1 14.3 20.1 23.0 (0.6)73.9 
Rest of the World0.8 3.1 1.0 3.7 — 8.6 
Total$123.5 $167.5 $126.2 $118.5 $(4.2)$531.5 
Total Assets
Corporate assets mainly include cash and cash equivalents and long-term deferred income taxes as well as certain corporate-specific property, plant and equipment, net and certain investments. Our allocation methodology for property, plant and equipment, net of the reportable segments differs from our allocation method of depreciation expense of a reportable segment and therefore, depreciation expense does not entirely align with the related depreciable assets of the reportable segments. Furthermore, since finite-lived intangible assets are excluded from total assets of reportable segments while amortization expense is allocated to each of our reportable segments, amortization expense by segment inherently does not align with the related amortizable intangible assets of the reportable segments.
March 31,
2024		December 31,
2023
Cryo Tank Solutions$667.1 $706.1 
Heat Transfer Systems680.1 560.7 
Specialty Products762.7 647.8 
Repair, Service & Leasing894.0 950.1 
Total assets of reportable segments3,003.9 2,864.7 
Goodwill2,948.8 2,906.8 
Identifiable intangible assets, net2,711.3 2,791.9 
Corporate583.9 539.0 
Total$9,247.9 $9,102.4