Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill by segment

The following table represents the changes in goodwill by segment:

	Cryo Tank Solutions		Heat Transfer Systems		Specialty Products		Repair, Service & Leasing		Consolidated
Balance at December 31, 2020	$	93.2	$	435.2	$	172.4	$	165.1	$	865.9
Goodwill acquired during the period (1)	—		—		34.5		—		34.5
Foreign currency translation adjustments and other	(3.4)		(1.9)		0.1		—		(5.2)
Purchase price adjustments (2)	—		—		0.9		—		0.9
Balance at June 30, 2021	$	89.8	$	433.3	$	207.9	$	165.1	$	896.1

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(1)For further information regarding goodwill acquired and the purchase price adjustments during the period refer to Note 11, “Business Combinations.”

(2)During the first six months of 2021, we recorded purchase price adjustments that decreased goodwill by $0.9 in Specialty Products related to the Blue-In-Green, LLC acquisition.

Schedule of finite-lived intangible assets

The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill) (1):

		June 30, 2021				December 31, 2020
	Weighted-average Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets:
Customer relationships	13 years	$	311.6	$	(71.2)	$	302.5	$	(59.9)
Unpatented technology	12 years	115.5		(26.9)		110.4		(22.3)
Patents and other	6 years	5.0		(0.2)		8.4		(1.8)
Trademarks and trade names	13 years	3.5		(1.7)		3.6		(1.4)
Land use rights	50 years	11.2		(1.5)		11.1		(1.4)
Total finite-lived intangible assets	14 years	446.8		(101.5)		436.0		(86.8)
Indefinite-lived intangible assets:
Trademarks and trade names		145.7		—		143.9		—
Total intangible assets		$	592.5	$	(101.5)	$	579.9	$	(86.8)

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(1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.

Schedule of indefinite-lived intangible assets

The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill) (1):

		June 30, 2021				December 31, 2020
	Weighted-average Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets:
Customer relationships	13 years	$	311.6	$	(71.2)	$	302.5	$	(59.9)
Unpatented technology	12 years	115.5		(26.9)		110.4		(22.3)
Patents and other	6 years	5.0		(0.2)		8.4		(1.8)
Trademarks and trade names	13 years	3.5		(1.7)		3.6		(1.4)
Land use rights	50 years	11.2		(1.5)		11.1		(1.4)
Total finite-lived intangible assets	14 years	446.8		(101.5)		436.0		(86.8)
Indefinite-lived intangible assets:
Trademarks and trade names		145.7		—		143.9		—
Total intangible assets		$	592.5	$	(101.5)	$	579.9	$	(86.8)

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(1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.

Schedule of estimated future amortization

We estimate amortization expense to be recognized during the next five years as follows:

For the Year Ending December 31,
2021	$	37.2
2022	36.1
2023	35.6
2024	35.2
2025	34.3

Schedule of government grants

China Government Grants are presented in our unaudited condensed consolidated balance sheets as follows:

	June 30, 2021		December 31, 2020
Current	$	0.5	$	0.5
Long-term	7.3		7.3
Total China Government Grants	$	7.8	$	7.8