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Segment and Geographic Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segments and Geographic Information Segment and Geographic InformationOur reportable segments, which are also our operating segments, are as follows: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing. Our Cryo Tank Solutions segment, which has principal operations in the United States, Europe and Asia serves most geographic regions around the globe, supplying bulk, microbulk and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases and certain hydrocarbons. Our
Heat Transfer Systems segment, with principal operations in the United States and Europe, also serves most geographic regions globally, supplying mission critical engineered equipment and systems used in the separation, liquefaction, and purification of hydrocarbon and industrial gases that span gas-to-liquid applications. Operating globally, our Specialty Products segment supplies products used in specialty end-market applications including hydrogen, LNG, biofuels, CO2 Capture, food and beverage, aerospace, lasers, cannabis and water treatment, among others. Our Repair, Service & Leasing segment provides installation, service, repair, maintenance, and refurbishment of cryogenic products globally in addition to providing equipment leasing solutions.
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.
We evaluate performance and allocate resources based on operating income as determined in our consolidated statements of income.
Segment Financial Information
 Year Ended December 31, 2022
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$504.3 $462.7 $448.3 $209.6 $(12.5)$— $1,612.4 
Depreciation and amortization expense16.7 29.3 16.4 17.1 — 2.4 81.9
Operating income (loss) (1)
54.0 51.7 72.9 51.0 — (78.1)151.5
 Year Ended December 31, 2021
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$447.4 $262.7 $432.9 $187.0 $(12.3)$— $1,317.7 
Depreciation and amortization expense14.9 37.6 15.1 11.3 — 1.7 80.6 
Operating income (loss) (1)
52.9 (12.3)94.1 23.3 — (69.5)88.5 
 Year Ended December 31, 2020
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$415.8 $369.8 $242.6 $158.3 $(9.4)$— $1,177.1 
Depreciation and amortization expense18.5 48.3 4.8 10.9 — 2.0 84.5 
Operating income (loss) (1)(2)
52.5 11.2 60.7 30.3 — (62.5)92.2 
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(1)     Restructuring (credits) costs for the years ended:
•December 31, 2022 were $(1.0) ($0.1 – Cryo Tank Solutions $0.3 – Heat Transfer Systems and $(1.4) – Repair, Service & Leasing);
•December 31, 2021 were $3.5 ($0.3 – Cryo Tank Solutions, $1.7 – Heat Transfer Systems, $1.5 – Repair, Service & Leasing); and
•December 31, 2020 were $13.6 ($2.7 – Cryo Tank Solutions, $7.4 – Heat Transfer Systems, $0.7 – Specialty Products, $0.2 – Repair, Service & Leasing and $2.6 – Corporate).
(2)Includes $16.0 impairment of our trademarks and trade names indefinite-lived intangible assets related to the AXC business in our Heat Transfer Systems segment for the year ended December 31, 2020.
Sales by Geography
Net sales by geographic area are reported by the destination of sales.
 Year Ended December 31, 2022
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America (1)
$214.8 $323.5 $302.2 $147.0 $(6.6)$980.9 
Europe, Middle East, Africa and India185.7 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 World5.7 1.6 0.7 1.4 (0.2)9.2 
Total$504.3 $462.7 $448.3 $209.6 $(12.5)$1,612.4 
Year Ended December 31, 2021
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America (1)
$178.3 $181.1 $193.2 $118.6 $(5.4)$665.8 
Europe, Middle East, Africa and India155.2 28.6 204.1 36.4 (4.5)419.8 
Asia-Pacific (2)
109.9 51.6 33.9 30.6 (2.3)223.7 
Rest of the World4.0 1.4 1.7 1.4 (0.1)8.4 
Total$447.4 $262.7 $432.9 $187.0 $(12.3)$1,317.7 
Year Ended December 31, 2020
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America (1)
$168.0 $259.4 $98.9 $111.2 $(4.4)$633.1 
Europe, Middle East, Africa and India165.3 39.3 121.8 38.1 (3.5)361.0 
Asia-Pacific (2)
76.1 69.3 21.4 8.4 (1.4)173.8 
Rest of the World6.4 1.8 0.5 0.6 (0.1)9.2 
Total$415.8 $369.8 $242.6 $158.3 $(9.4)$1,177.1 
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(1)     Consolidated sales in the United States were $938.5, $585.9 and $576.8 for the years ended December 31, 2022, 2021 and 2020, respectively and represent 58.2%, 44.5% and 49.0% of consolidated sales for the same periods, respectively.
(2)    Consolidated sales in China were $58.3, $136.2 and $100.7 for the years ended December 31, 2022, 2021 and 2020, respectively and represent 3.6%, 10.3% and 8.6% of consolidated sales for the same periods, respectively.
No single customer accounted for more than 10% of consolidated sales for any of the periods presented in the tables above.
Total Assets
Corporate assets mainly include cash and cash equivalents and long-term deferred income taxes as well as certain corporate-specific property, plant and equipment, net and certain investments. Our allocation methodology for property, plant and equipment, net of the reportable segments differs from our allocation method of depreciation expense of a reportable segment and therefore, depreciation expense does not entirely align with the related depreciable assets of the reportable segments. Furthermore, since finite-lived intangible assets are excluded from total assets of reportable segments while amortization expense is allocated to each of our reportable segments, amortization expense by segment inherently does not align with the related amortizable intangible assets of the reportable segments.
December 31,
20222021
Cryo Tank Solutions$382.0 $407.2 
Heat Transfer Systems298.6 225.8 
Specialty Products429.8 327.5 
Repair, Service & Leasing182.1 186.2 
Total assets of reportable segments1,292.5 1,146.7 
Goodwill (1)
992.0 994.6 
Identifiable intangible assets, net (1)
535.3 556.1 
Corporate2,830.7 346.4 
Insurance receivable, net of tax251.4 — 
Total assets$5,901.9 $3,043.8 
_______________
(1)See Note 9, “Goodwill and Intangible Assets,” for further information related to goodwill and identifiable intangible assets, net.
Geographic Information
 Property, plant and equipment, net as of December 31,
20222021
United States$262.0 $234.0 
Foreign
Italy56.4 60.7 
China49.3 58.8 
Czech Republic26.6 29.9 
Germany16.3 16.5 
India19.3 16.1 
Other foreign countries0.1 — 
Total Foreign168.0 182.0 
Total$430.0 $416.0