Basis of Preparation (Tables)

6 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Summary of Current Period Impacts of Adopting ASC 606

The following table summarizes the cumulative effect of the changes to our unaudited condensed consolidated balance sheet as of January 1, 2018 from the adoption of ASC 606:

	Balance at December 31, 2017		Adjustments due to ASC 606			Balance at January 1, 2018
Assets
Inventories, net	$	208.9	$	(11.6	)	$	197.3
Unbilled contract revenue	37.0		6.5			43.5
Prepaid expenses	15.4		(1.6		)	13.8
Liabilities
Accounts payable	$	113.9	$	0.2		$	114.1
Customer advances and billings in excess of contract revenue	110.2		(9.9		)	100.3
Other current liabilities	41.4		0.1			41.5
Long-term deferred tax liabilities	62.5		0.6			63.1
Equity
Retained earnings	$	364.3	$	2.3		$	366.6

The following tables summarize the current period impacts of adopting ASC 606 on our unaudited condensed consolidated balance sheet and statement of operations:

	June 30, 2018
	As Reported		Balances without adoption of ASC 606		Effect of adoption Higher (Lower)
Assets
Accounts receivable, net of allowances	$	204.4	$	202.7	$	1.7
Inventories, net	233.5		255.5		(22.0		)
Unbilled contract revenue	41.2		29.5		11.7
Other current assets	19.2		19.1		0.1
Liabilities
Customer advances and billings in excess of contract revenue	$	108.9	$	123.5	$	(14.6	)
Other current liabilities	39.2		37.7		1.5
Long-term deferred tax liabilities	63.4		62.3		1.1
Equity
Retained earnings	$	384.7	$	381.2	$	3.5

	For the Three Months Ended June 30, 2018
	As Reported		Balances without adoption of ASC 606		Effect of adoption Higher (Lower)
Sales	$	319.9	$	310.6	$	9.3
Cost of sales	235.4		226.4		9.0
Selling, general, and administrative expenses	55.3		55.0		0.3
Income tax expense	5.0		5.0		—
Net income attributable to Chart Industries, Inc.	12.3		12.3		—
Net income attributable to Chart Industries, Inc. per common share:
Basic	$	0.40	$	0.40	$	—
Diluted	$	0.38	$	0.38	$	—

	For the Six Months Ended June 30, 2018
	As Reported		Balances without adoption of ASC 606		Effect of adoption Higher (Lower)
Sales	$	599.6	$	588.4	$	11.2
Cost of sales	438.0		428.6		9.4
Selling, general, and administrative expenses	109.4		109.2		0.2
Income tax expense	7.3		6.9		0.4
Net income attributable to Chart Industries, Inc.	18.1		16.9		1.2
Net income attributable to Chart Industries, Inc. per common share:
Basic	$	0.59	$	0.55	$	0.04
Diluted	$	0.57	$	0.53	$	0.04