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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired In Business Combination
The following table summarizes the fair values of the assets acquired and liabilities assumed in the AXC acquisition as of the acquisition date:
As Reported December 31, 2019AdjustmentsFair Value
Net assets acquired:
Identifiable intangible assets $256.4 $— $256.4 
Goodwill287.5 0.4 287.9 
Property, plant and equipment34.2 — 34.2 
Other assets 53.1 — 53.1 
Liabilities(31.5)(0.4)(31.9)
Net assets acquired$599.7 $— $599.7 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
Information regarding identifiable intangible assets acquired in the AXC acquisition is presented below:
Weighted-average Estimated Useful LifeEstimated Asset Fair Value
Finite-lived intangible assets:
Customer relationships14.0 years$139.1 
Unpatented technology10.0 years42.1 
Backlog (1)
1.0 year19.2 
Other identifiable intangible assets (1)
4.0 years1.0 
Total finite-lived intangible assets acquired11.0 years201.4 
Indefinite-lived intangible assets:
Trademarks and trade names55.0 
Total identifiable intangible assets acquired$256.4 
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(1)Backlog and other identifiable intangible assets is included in “Patents and other” in Note 9, “Goodwill and Intangible Assets.”
Pro Forma Disclosures
The following table presents pro forma sales, net income attributable to Chart Industries, Inc., and net income attributable to Chart Industries, Inc. per common share data assuming AXC was acquired at the beginning of the 2018 fiscal year:
Year Ended December 31,
20192018
Pro forma sales$1,364.3 $1,211.1 
Pro forma net income attributable to Chart Industries, Inc.56.3 72.0 
Pro forma net income attributable to Chart Industries, Inc. per common share, basic$1.66 $2.05 
Pro forma net income attributable to Chart Industries, Inc. per common share, diluted1.60 1.99