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 Solutions		Heat Transfer Systems		Specialty Products		Repair, Service & Leasing		Intersegment Eliminations		Corporate		Consolidated
Sales	$	504.3	$	462.7	$	448.3	$	209.6	$	(12.5)	$	—	$	1,612.4
Depreciation and amortization expense	16.7		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 Solutions		Heat Transfer Systems		Specialty Products		Repair, Service & Leasing		Intersegment Eliminations		Corporate		Consolidated
Sales	$	447.4	$	262.7	$	432.9	$	187.0	$	(12.3)	$	—	$	1,317.7
Depreciation and amortization expense	14.9		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 Solutions		Heat Transfer Systems		Specialty Products		Repair, Service & Leasing		Intersegment Eliminations		Corporate		Consolidated
Sales	$	415.8	$	369.8	$	242.6	$	158.3	$	(9.4)	$	—	$	1,177.1
Depreciation and amortization expense	18.5		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

_______________

•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.


	Year Ended December 31, 2022
	Cryo Tank Solutions		Heat Transfer Systems		Specialty Products		Repair, Service & Leasing		Intersegment Eliminations		Consolidated
North America (1)	$	214.8	$	323.5	$	302.2	$	147.0	$	(6.6)	$	980.9
Europe, Middle East, Africa and India	185.7		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 World	5.7		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 Solutions		Heat Transfer Systems		Specialty Products		Repair, Service & Leasing		Intersegment Eliminations		Consolidated
North America (1)	$	178.3	$	181.1	$	193.2	$	118.6	$	(5.4)	$	665.8
Europe, Middle East, Africa and India	155.2		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 World	4.0		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 Solutions		Heat Transfer Systems		Specialty Products		Repair, Service & Leasing		Intersegment Eliminations		Consolidated
North America (1)	$	168.0	$	259.4	$	98.9	$	111.2	$	(4.4)	$	633.1
Europe, Middle East, Africa and India	165.3		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 World	6.4		1.8		0.5		0.6		(0.1)		9.2
Total	$	415.8	$	369.8	$	242.6	$	158.3	$	(9.4)	$	1,177.1

_______________

(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.


	December 31,
	2022		2021
Cryo Tank Solutions	$	382.0	$	407.2
Heat Transfer Systems	298.6		225.8
Specialty Products	429.8		327.5
Repair, Service & Leasing	182.1		186.2
Total assets of reportable segments	1,292.5		1,146.7
Goodwill (1)	992.0		994.6
Identifiable intangible assets, net (1)	535.3		556.1
Corporate	2,830.7		346.4
Insurance receivable, net of tax	251.4		—
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.