| Goodwill and Intangible Assets Goodwill 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, 2024 | $ | 211.7 | | | $ | 477.1 | | | $ | 568.0 | | | $ | 1,643.1 | | | | | $ | 2,899.9 | | | Foreign currency translation adjustments and other | 15.2 | | | 4.2 | | | 12.9 | | | 134.4 | | | | | 166.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at June 30, 2025 | $ | 226.9 | | | $ | 481.3 | | | $ | 580.9 | | | $ | 1,777.5 | | | | | $ | 3,066.6 | | | | | | | | | | | | | | Accumulated goodwill impairment loss at December 31, 2024 | $ | 23.5 | | | $ | 49.3 | | | $ | 35.8 | | | $ | 20.4 | | | | | $ | 129.0 | | | | | | | | | | | | | | Accumulated goodwill impairment loss at June 30, 2025 | $ | 23.5 | | | $ | 49.3 | | | $ | 35.8 | | | $ | 20.4 | | | | | $ | 129.0 | |
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, 2025 | | December 31, 2024 | | | Estimated Useful Lives | | Gross
Carrying
Amount | | Accumulated
Amortization | | Gross
Carrying
Amount | | Accumulated
Amortization | | Finite-lived intangible assets: | | | | | | | | | | | Customer relationships | 4 to 18 years | | $ | 1,871.5 | | | $ | (351.1) | | | $ | 1,762.1 | | | $ | (284.6) | | | Technology | 5 to 18 years | | 526.3 | | | (140.7) | | | 493.6 | | | (113.2) | | | Patents, backlog and other | 2 to 10 years | | 145.3 | | | (106.9) | | | 134.8 | | | (78.1) | | | Trademarks and trade names | 5 to 23 years | | 2.7 | | | (2.1) | | | 2.5 | | | (1.9) | | | Land use rights | 50 years | | 10.1 | | | (2.2) | | | 10.1 | | | (2.1) | | | Total finite-lived intangible assets | | | $ | 2,555.9 | | | $ | (603.0) | | | $ | 2,403.1 | | | $ | (479.9) | | | Indefinite-lived intangible assets: | | | | | | | | | | Trademarks and trade names (2) | | | 664.1 | | | — | | | 617.4 | | | — | | | Total intangible assets | | | $ | 3,220.0 | | | $ | (603.0) | | | $ | 3,020.5 | | | $ | (479.9) | |
_______________ (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 June 30, 2025 and December 31, 2024. Amortization expense for intangible assets subject to amortization was $48.7 and $47.6 for the three months ended June 30, 2025 and 2024, respectively, and $95.2 and $95.5 for the six months ended June 30, 2025 and 2024, respectively.
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