Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2024

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, 2023	$	219.3	$	480.4	$	567.9	$	1,639.2	$	2,906.8
Purchase accounting adjustments (1)	2.6		1.3		10.9		27.8		42.6
Foreign currency translation adjustments and other	0.7		(0.5)		0.6		37.5		38.3
Balance at September 30, 2024	$	222.6	$	481.2	$	579.4	$	1,704.5	$	2,987.7
Accumulated goodwill impairment loss at December 31, 2023	$	23.5	$	49.3	$	35.8	$	20.4	$	129.0
Accumulated goodwill impairment loss at September 30, 2024	$	23.5	$	49.3	$	35.8	$	20.4	$	129.0

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(1)Purchase accounting adjustments, which were recorded during the first quarter 2024, related to the Howden Acquisition. See Note 13, “Business Combinations” for further information.

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):

		September 30, 2024				December 31, 2023
	Estimated Useful Lives	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets:
Customer relationships	4 to 18 years	$	1,847.6	$	(267.1)	$	1,836.4	$	(185.2)
Technology	5 to 18 years	493.2		(104.6)		496.7		(78.8)
Patents, backlog and other	2 to 10 years	140.3		(69.6)		138.6		(35.6)
Trademarks and trade names	5 to 23 years	3.3		(1.9)		3.3		(1.9)
Land use rights	50 years	10.3		(2.1)		10.2		(1.9)
Total finite-lived intangible assets		2,494.7		(445.3)		2,485.2		(303.4)
Indefinite-lived intangible assets:
Trademarks and trade names (2)		611.0		—		610.1		—
Total intangible assets		$	3,105.7	$	(445.3)	$	3,095.3	$	(303.4)

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

(2)Accumulated indefinite-lived intangible assets impairment loss was $16.0 at both September 30, 2024 and December 31, 2023.

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):

		September 30, 2024				December 31, 2023
	Estimated Useful Lives	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets:
Customer relationships	4 to 18 years	$	1,847.6	$	(267.1)	$	1,836.4	$	(185.2)
Technology	5 to 18 years	493.2		(104.6)		496.7		(78.8)
Patents, backlog and other	2 to 10 years	140.3		(69.6)		138.6		(35.6)
Trademarks and trade names	5 to 23 years	3.3		(1.9)		3.3		(1.9)
Land use rights	50 years	10.3		(2.1)		10.2		(1.9)
Total finite-lived intangible assets		2,494.7		(445.3)		2,485.2		(303.4)
Indefinite-lived intangible assets:
Trademarks and trade names (2)		611.0		—		610.1		—
Total intangible assets		$	3,105.7	$	(445.3)	$	3,095.3	$	(303.4)

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

(2)Accumulated indefinite-lived intangible assets impairment loss was $16.0 at both September 30, 2024 and December 31, 2023.