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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The following table represents the changes in goodwill by segment:
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  |  |  | Consolidated
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 | 0.7 |  |  | (0.5) |  |  | 0.6 |  |  | 37.5 |  |  |  |  | 38.3 |
Balance at September 30, 2024 | $ | 222.6 |  |  | $ | 481.2 |  |  | $ | 579.4 |  |  | $ | 1,704.5 |  |  |  |  | $ | 2,987.7 |
Accumulated goodwill impairment loss at December 31, 2023 | $ | 23.5 |  |  | $ | 49.3 |  |  | $ | 35.8 |  |  | $ | 20.4 |  |  |  |  | $ | 129.0 |
Accumulated goodwill impairment loss at September 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. 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, 2024 |  | December 31, 2023
| Estimated Useful Lives |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |
Customer relationships | 4 to 18 years |  | $ | 1,847.6 |  |  | $ | (267.1) |  |  | $ | 1,836.4 |  |  | $ | (185.2) |
Technology | 5 to 18 years |  | 493.2 |  |  | (104.6) |  |  | 496.7 |  |  | (78.8) |
Patents, backlog and other | 2 to 10 years |  | 140.3 |  |  | (69.6) |  |  | 138.6 |  |  | (35.6) |
Trademarks and trade names | 5 to 23 years |  | 3.3 |  |  | (1.9) |  |  | 3.3 |  |  | (1.9) |
Land use rights | 50 years |  | 10.3 |  |  | (2.1) |  |  | 10.2 |  |  | (1.9) |
Total finite-lived intangible assets |  |  | 2,494.7 |  |  | (445.3) |  |  | 2,485.2 |  |  | (303.4) |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks and trade names (2) |  |  | 611.0 |  |  | — |  |  | 610.1 |  |  | — |
Total intangible assets |  |  | $ | 3,105.7 |  |  | $ | (445.3) |  |  | $ | 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 September 30, 2024 and December 31, 2023. Amortization expense for intangible assets subject to amortization was $48.4 and $49.0 for the three months ended September 30, 2024 and 2023, respectively, and $143.9 and $115.0 for the nine months ended September 30, 2024 and 2023, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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