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Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Segment Financial Information
| Year Ended December 31, 2024
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Total Segments |  | Corporate & Intersegment Eliminations |  | Consolidated
Sales | $ | 637.9 |  |  | $ | 1,035.3 |  |  | $ | 1,114.3 |  |  | $ | 1,372.7 |  |  | $ | 4,160.2 |  |  | $ | 0.1 |  |  | $ | 4,160.3 |
Cost of sales | 494.4 |  |  | 736.3 |  |  | 813.2 |  |  | 727.5 |  |  | 2,771.4 |  |  | 0.1 |  |  | 2,771.5
Selling, general and administrative expenses | 61.2 |  |  | 45.6 |  |  | 106.6 |  |  | 150.0 |  |  | 363.4 |  |  | 184.0 |  |  | 547.4
Amortization expense | 7.7 |  |  | 20.1 |  |  | 21.4 |  |  | 144.7 |  |  | 193.9 |  |  | — |  |  | 193.9
Operating income (loss) | 74.6 |  |  | 233.3 |  |  | 173.1 |  |  | 350.5 |  |  | 831.5 |  |  | (184.0) |  |  | 647.5
Depreciation expense (1) | 14.3 |  |  | 17.7 |  |  | 8.3 |  |  | 27.7 |  |  | 68.0 |  |  | 8.0 |  |  | 76.0
| Year Ended December 31, 2023
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Total Segments |  | Corporate & Intersegment Eliminations |  | Consolidated
Sales | $ | 640.8 |  |  | $ | 891.2 |  |  | $ | 819.9 |  |  | $ | 1,029.2 |  |  | $ | 3,381.1 |  |  | $ | (28.6) |  |  | $ | 3,352.5 |
Cost of sales | 508.8 |  |  | 644.4 |  |  | 598.5 |  |  | 589.0 |  |  | 2,340.7 |  |  | (28.6) |  |  | 2,312.1 |
Selling, general and administrative expenses | 70.9 |  |  | 54.1 |  |  | 82.6 |  |  | 116.1 |  |  | 323.7 |  |  | 162.6 |  |  | 486.3 |
Amortization expense | 6.6 |  |  | 16.9 |  |  | 19.1 |  |  | 120.8 |  |  | 163.4 |  |  | — |  |  | 163.4 |
Operating income (loss) | 54.5 |  |  | 175.8 |  |  | 119.7 |  |  | 203.3 |  |  | 553.3 |  |  | (162.6) |  |  | 390.7 |
Depreciation expense (1) | 16.6 |  |  | 15.7 |  |  | 5.6 |  |  | 24.3 |  |  | 62.2 |  |  | 5.5 |  |  | 67.7 |
| Year Ended December 31, 2022
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Total Segments |  | Corporate & Intersegment Eliminations |  | Consolidated
Sales | $ | 504.3 |  |  | $ | 462.7 |  |  | $ | 448.3 |  |  | $ | 209.6 |  |  | $ | 1,624.9 |  |  | $ | (12.5) |  |  | $ | 1,612.4 |
Cost of sales | 405.6 |  |  | 372.1 |  |  | 309.7 |  |  | 130.1 |  |  | 1,217.5 |  |  | (12.5) |  |  | 1,205.0 |
Selling, general and administrative expenses | 41.8 |  |  | 24.0 |  |  | 55.6 |  |  | 15.2 |  |  | 136.6 |  |  | 77.9 |  |  | 214.5 |
Amortization expense | 2.9 |  |  | 14.9 |  |  | 10.1 |  |  | 13.3 |  |  | 41.2 |  |  | 0.2 |  |  | 41.4 |
Operating income (loss) | 54.0 |  |  | 51.7 |  |  | 72.9 |  |  | 51.0 |  |  | 229.6 |  |  | (78.1) |  |  | 151.5 |
Depreciation expense (1) | 13.8 |  |  | 14.4 |  |  | 6.3 |  |  | 3.8 |  |  | 38.3 |  |  | 2.2 |  |  | 40.5 |
_______________ (1)Depreciation disclosed by reportable segment is included within cost of sales and selling, general and administrative expenses. Sales by Geography Net sales by geographic area are reported by the destination of sales.
| Year Ended December 31, 2024
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America (1) | $ | 275.7 |  |  | $ | 637.8 |  |  | $ | 441.1 |  |  | $ | 535.3 |  |  | $ | — |  |  | $ | 1,889.9 |
Europe, Middle East, Africa and India | 223.7 |  |  | 155.5 |  |  | 319.7 |  |  | 546.0 |  |  | 0.1 |  |  | 1,245.0 |
Asia-Pacific (2) | 122.9 |  |  | 222.4 |  |  | 336.3 |  |  | 225.1 |  |  | — |  |  | 906.7 |
Rest of the World | 15.6 |  |  | 19.6 |  |  | 17.2 |  |  | 66.3 |  |  | — |  |  | 118.7 |
Total | $ | 637.9 |  |  | $ | 1,035.3 |  |  | $ | 1,114.3 |  |  | $ | 1,372.7 |  |  | $ | 0.1 |  |  | $ | 4,160.3 |
| Year Ended December 31, 2023
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America (1) | $ | 309.5 |  |  | $ | 594.0 |  |  | $ | 307.6 |  |  | $ | 317.6 |  |  | $ | (13.1) |  |  | $ | 1,515.6 |
Europe, Middle East, Africa and India | 210.0 |  |  | 115.3 |  |  | 230.3 |  |  | 468.4 |  |  | (9.9) |  |  | 1,014.1 |
Asia-Pacific (2) | 114.4 |  |  | 163.8 |  |  | 266.3 |  |  | 203.3 |  |  | (5.1) |  |  | 742.7 |
Rest of the World | 6.9 |  |  | 18.1 |  |  | 15.7 |  |  | 39.9 |  |  | (0.5) |  |  | 80.1 |
Total | $ | 640.8 |  |  | $ | 891.2 |  |  | $ | 819.9 |  |  | $ | 1,029.2 |  |  | $ | (28.6) |  |  | $ | 3,352.5 |
| Year Ended December 31, 2022
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America (1) | $ | 214.8 |  |  | $ | 323.5 |  |  | $ | 302.2 |  |  | $ | 147.0 |  |  | $ | (6.6) |  |  | $ | 980.9 |
Europe, Middle East, Africa and India | 185.7 |  |  | 97.5 |  |  | 113.2 |  |  | 41.9 |  |  | (3.9) |  |  | 434.4 |
Asia-Pacific (2) | 98.1 |  |  | 40.1 |  |  | 32.2 |  |  | 19.3 |  |  | (1.8) |  |  | 187.9 |
Rest of the World | 5.7 |  |  | 1.6 |  |  | 0.7 |  |  | 1.4 |  |  | (0.2) |  |  | 9.2 |
Total | $ | 504.3 |  |  | $ | 462.7 |  |  | $ | 448.3 |  |  | $ | 209.6 |  |  | $ | (12.5) |  |  | $ | 1,612.4 |
_______________ (1) Consolidated sales in the United States were $1,659.0, $1,387.7 and $938.5 for the years ended December 31, 2024, 2023 and 2022, respectively and represent 39.9%, 41.4% and 58.2% of consolidated sales for the same periods, respectively. (2) Consolidated sales in China were $565.4, $460.9 and $58.3 for the years ended December 31, 2024, 2023 and 2022, respectively and represent 13.6%, 13.7% and 3.6% of consolidated sales for the same periods, respectively.
| December 31,
| 2024 |  | 2023
Cryo Tank Solutions | $ | 614.0 |  |  | $ | 706.1 |
Heat Transfer Systems | 669.7 |  |  | 560.7 |
Specialty Products | 920.6 |  |  | 647.8 |
Repair, Service & Leasing | 889.9 |  |  | 950.1 |
Total assets of reportable segments | 3,094.2 |  |  | 2,864.7 |
Goodwill (1) | 2,899.9 |  |  | 2,906.8 |
Identifiable intangible assets, net (1) | 2,540.6 |  |  | 2,791.9 |
Corporate | 589.2 |  |  | 539.0 |
Total assets | $ | 9,123.9 |  |  | $ | 9,102.4 |
_______________ (1)See Note 9, “Goodwill and Intangible Assets,” for further information related to goodwill and identifiable intangible assets, net.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | Geographic Information
| Property, plant and equipment, net as of December 31,
| 2024 |  | 2023
United States | $ | 420.9 |  |  | $ | 356.9 |
Foreign |  |  |
Germany | 99.7 |  |  | 106.7 |
China | 94.0 |  |  | 106.4 |
Italy | 46.9 |  |  | 54.6 |
United Kingdom | 34.1 |  |  | 25.7 |
India | 30.7 |  |  | 34.0 |
Czech Republic | 30.4 |  |  | 34.0 |
Other foreign countries | 107.5 |  |  | 119.3 |
Total foreign | 443.3 |  |  | 480.7 |
Total | $ | 864.2 |  |  | $ | 837.6 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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