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Restructuring Activities
3 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
Restructuring Activities Restructuring Activities
Restructuring costs of $5.1 for the three months ended March 31, 2024 were primarily related to cost reduction actions relative to Howden integration. Restructuring costs of $1.6 for the three months ended March 31, 2023 were primarily related to moving and employee severance costs relative to restructuring at our Beasley, Texas, Houston, Texas and Tulsa, Oklahoma facilities.
We closely monitor our end markets and order rates and continue to take appropriate and timely actions as necessary.
The following table summarizes severance and other restructuring costs, which includes employee-related costs, facility rent and exit costs, relocation, recruiting, travel and other:
Three Months Ended March 31,
20242023
Severance:
Cost of sales$0.3 $— 
Selling, general, and administrative expenses4.2 0.7 
Total severance costs4.5 0.7 
Other restructuring:
Cost of sales— — 
Selling, general, and administrative expenses0.6 0.9 
Total other restructuring costs0.6 0.9 
Total restructuring costs$5.1 $1.6 
The following table summarizes restructuring costs by reportable segment:
Three Months Ended March 31,
20242023
Cryo Tank Solutions$0.6 $0.8 
Heat Transfer Systems0.5 — 
Specialty Products1.3 — 
Repair, Service & Leasing2.3 0.8 
Corporate0.4 — 
Total restructuring costs$5.1 $1.6 
The following tables summarize our restructuring activities:
Balance at December 31, 2023$1.9 
Restructuring charges5.1 
Cash payments and other(2.8)
Balance at March 31, 2024$4.2 
Balance at December 31, 2022$0.2 
Restructuring charges1.6 
Cash payments and other(1.1)
Balance at March 31, 2023$0.7