Reportable Segments

As previously reported in our Annual Report on Form 10-K for the year ended December 31, 2018, the structure of our internal organization is divided into the following reportable segments, which are also our operating segments: Energy & Chemicals (“E&C”), Distribution and Storage Western Hemisphere (“D&S West”) and Distribution and Storage Eastern Hemisphere (“D&S East”). Corporate includes operating expenses for executive management, accounting, tax, treasury, corporate development, human resources, information technology, investor relations, legal, internal audit, and risk management. Corporate support functions are not currently allocated to the segments.

The following table represents information for our reportable segments and our corporate function:



	Three Months Ended March 31, 2019
	Energy & Chemicals			D&S West		D&S East			Intersegment Eliminations			Corporate			Consolidated
Sales to external customers⁽¹⁾	$	105.6		$	118.0	$	68.7		$	(3.0	)	$	—		$	289.3
Depreciation and amortization expense	8.6			2.9		4.2			—			0.3			16.0
Operating (loss) income ^{(1) (2) (3)}	(1.3		)	25.6		(2.3		)	(1.1		)	(16.3		)	4.6
Capital expenditures	3.2			1.2		1.0			—			0.5			5.9



	Three Months Ended March 31, 2018
	Energy & Chemicals		D&S West		D&S East		Intersegment Eliminations			Corporate			Consolidated
Sales to external customers	$	89.9	$	100.6	$	55.1	$	(1.5	)	$	—		$	244.1
Depreciation and amortization expense	6.6		2.9		2.9		—			0.3			12.7
Operating income (loss) ^{(2) (3)}	2.8		22.2		3.7		(0.4		)	(13.5		)	14.8
Capital expenditures	2.0		1.1		1.9		—			1.2			6.2

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⁽¹⁾	Includes sales and operating loss for VRV S.r.l and its subsidiaries (“VRV”), included in the E&C and D&S East segment results since the acquisition date, November 15, 2018 as follows:


•	Sales were $22.1 (E&C: $8.6, D&S East: $13.5) for the three months ended March 31, 2019.


•	Operating loss was $(8.1) (E&C: $(2.8), D&S East: $(5.3)) for the three months ended March 31, 2019., which includes VRV inventory step-up of $1.7.


⁽²⁾	Includes restructuring costs of $7.4 and $0.9 for the three months ended March 31, 2019 and 2018 respectively. See Note 15, Restructuring Activities.


⁽³⁾	Includes transaction-related costs of $0.9 and $1.3 for the three months ended March 31, 2019 and 2018, respectively. Transaction-related costs include costs associated with business development and other one-time transactions.

Product Sales Information



	Three Months Ended March 31, 2019
	Energy & Chemicals		D&S West		D&S East		Intersegment Eliminations			Consolidated
Natural gas processing (including petrochemical) applications	$	70.3	$	—	$	—	$	—		$	70.3
Liquefied natural gas (LNG) applications	14.6		22.1		12.1		—			48.8
Industrial gas applications	7.1		—		—		—			7.1
HVAC, power and refining applications	13.6		—		—		—			13.6
Bulk industrial gas applications	—		37.8		40.2		(0.3		)	77.7
Packaged gas industrial applications	—		36.1		16.4		(1.0		)	51.5
Cryobiological storage	—		22.0		—		(1.7		)	20.3
Total	$	105.6	$	118.0	$	68.7	$	(3.0	)	$	289.3



	Three Months Ended March 31, 2018
	Energy & Chemicals		D&S West		D&S East		Intersegment Eliminations			Consolidated
Natural gas processing (including petrochemical) applications	$	58.7	$	—	$	—	$	—		$	58.7
Liquefied natural gas (LNG) applications	9.0		13.0		20.4		(0.2		)	42.2
Industrial gas applications	3.4		—		—		—			3.4
HVAC, power and refining applications	18.8		—		—		—			18.8
Bulk industrial gas applications	—		28.6		24.8		(0.4		)	53.0
Packaged gas industrial applications	—		39.9		9.9		(0.9		)	48.9
Cryobiological storage	—		19.1		—		—			19.1
Total	$	89.9	$	100.6	$	55.1	$	(1.5	)	$	244.1



Total Assets	March 31, 2019		December 31, 2018
Energy & Chemicals	$	909.6	$	889.2
D&S West	442.8		420.3
D&S East	495.6		496.1
Corporate	65.3		92.1
Total	$	1,913.3	$	1,897.7