XML 45 R34.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment
The following table represents the changes in goodwill by segment:
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
Balance at December 31, 2023$219.3 $480.4 $567.9 $1,639.2 $2,906.8 
Purchase accounting adjustments (1)
2.6 1.3 10.9 27.8 42.6 
Foreign currency translation adjustments and other(4.5)(2.7)(3.5)(9.1)(19.8)
Balance at June 30, 2024$217.4 $479.0 $575.3 $1,657.9 $2,929.6 
Accumulated goodwill impairment loss at December 31, 2023
$23.5 $49.3 $35.8 $20.4 $129.0 
Accumulated goodwill impairment loss at June 30, 2024
$23.5 $49.3 $35.8 $20.4 $129.0 
_______________
(1)Purchase accounting adjustments, which were recorded during the first quarter 2024, related to the Howden Acquisition. See Note 13, “Business Combinations” for further information.
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):
 June 30, 2024December 31, 2023
 Estimated Useful LivesGross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships
4 to 18 years
$1,801.1 $(236.2)$1,836.4 $(185.2)
Technology
5 to 18 years
489.3 (97.9)496.7 (78.8)
Patents, backlog and other
2 to 10 years
136.6 (56.8)138.6 (35.6)
Trademarks and trade names
5 to 23 years
2.9 (1.9)3.3 (1.9)
Land use rights50 years10.2 (2.0)10.2 (1.9)
Total finite-lived intangible assets2,440.1 (394.8)2,485.2 (303.4)
Indefinite-lived intangible assets:
Trademarks and trade names (2)
600.1 — 610.1 — 
Total intangible assets$3,040.2 $(394.8)$3,095.3 $(303.4)
_______________
(1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.
(2)Accumulated indefinite-lived intangible assets impairment loss was $16.0 at both June 30, 2024 and December 31, 2023.
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):
 June 30, 2024December 31, 2023
 Estimated Useful LivesGross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships
4 to 18 years
$1,801.1 $(236.2)$1,836.4 $(185.2)
Technology
5 to 18 years
489.3 (97.9)496.7 (78.8)
Patents, backlog and other
2 to 10 years
136.6 (56.8)138.6 (35.6)
Trademarks and trade names
5 to 23 years
2.9 (1.9)3.3 (1.9)
Land use rights50 years10.2 (2.0)10.2 (1.9)
Total finite-lived intangible assets2,440.1 (394.8)2,485.2 (303.4)
Indefinite-lived intangible assets:
Trademarks and trade names (2)
600.1 — 610.1 — 
Total intangible assets$3,040.2 $(394.8)$3,095.3 $(303.4)
_______________
(1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.
(2)Accumulated indefinite-lived intangible assets impairment loss was $16.0 at both June 30, 2024 and December 31, 2023.