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Restructuring Activities
9 Months Ended
Sep. 30, 2024
Restructuring and Related Activities [Abstract]  
Restructuring Activities Restructuring Activities
Restructuring costs of $1.7 and $11.1 for the three and nine months ended September 30, 2024, respectively, were primarily related to cost reduction actions relative to Howden integration. Restructuring costs of $4.2 and $11.2 for the three and nine months ended September 30, 2023, respectively, were also primarily related to cost reduction actions relative to Howden integration.
We closely monitor our end markets and order rates and continue to take appropriate and timely actions as necessary.
The following table summarizes severance and other restructuring costs, which includes employee-related costs, facility rent and exit costs, relocation, recruiting, travel and other:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Severance and other restructuring:
Cost of sales$— $0.2 $0.7 $0.2 
Selling, general and administrative expenses1.7 4.0 10.4 11.0 
Total severance and other restructuring costs$1.7 $4.2 $11.1 $11.2 
The following table summarizes restructuring costs by reportable segment:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Cryo Tank Solutions$0.3 $0.1 $1.4 $1.2 
Heat Transfer Systems0.2 0.5 1.1 0.7 
Specialty Products0.3 0.4 2.8 0.9 
Repair, Service & Leasing0.7 0.9 4.9 2.4 
Corporate0.2 2.3 0.9 6.0 
Total restructuring costs$1.7 $4.2 $11.1 $11.2 
The following tables summarize our restructuring activities:
Balance at June 30, 2024$5.2 
Restructuring charges1.7 
Cash payments and other(4.0)
Balance at September 30, 2024$2.9 
Balance at June 30, 2023$3.8 
Restructuring charges4.2 
Cash payments and other(5.6)
Balance at September 30, 2023$2.4 
Balance at December 31, 2023$1.9 
Restructuring charges11.1 
Cash payments and other(10.1)
Balance at September 30, 2024$2.9 
Balance at December 31, 2022$0.2 
Restructuring charges11.2 
Cash payments and other(9.0)
Balance at September 30, 2023$2.4