v3.26.1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment
The following table represents the changes in goodwill by segment:
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
Balance at December 31, 2025$228.3 $482.3 $583.5 $1,773.5 $3,067.6 
Goodwill acquired during the period (1)
12.2 — 0.9 3.0 16.1 
Foreign currency translation adjustments and other1.4 0.4 (0.9)(22.8)(21.9)
Balance at March 31, 2026$241.9 $482.7 $583.5 $1,753.7 $3,061.8 
Accumulated goodwill impairment loss at December 31, 2025
$23.5 $49.3 $35.8 $20.4 $129.0 
Accumulated goodwill impairment loss at March 31, 2026
$23.5 $49.3 $35.8 $20.4 $129.0 
_____________
(1)Goodwill acquired during the period primarily relates to the acquisition of Cryotek Holding B.V. (“Cryonorm”), a leading provider of cryogenic engineered systems, equipment and associated services, which we acquired for approximately $28.0 in cash (subject to certain customary adjustments), net of $5.2 of cash acquired. The financial results of Cryonorm are included in our condensed consolidated financial statements from the date of acquisition. The Cryonorm acquisition was not material to our condensed consolidated financial statements.
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):
 March 31, 2026December 31, 2025
 Estimated Useful LivesGross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships
4 to 18 years
$1,859.8 $(424.6)$1,868.6 $(399.7)
Technology
5 to 18 years
519.2 (166.9)523.6 (161.0)
Patents, backlog and other
2 to 10 years
144.7 (138.2)145.5 (130.2)
Trademarks and trade names
5 to 23 years
2.7 (1.3)1.8 (1.3)
Land use rights50 years10.5 (2.4)10.3 (2.3)
Total finite-lived intangible assets$2,536.9 $(733.4)$2,549.8 $(694.5)
Indefinite-lived intangible assets:
Trademarks and trade names (2)
647.4 — 656.4 — 
Total intangible assets$3,184.3 $(733.4)$3,206.2 $(694.5)
_______________
(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 March 31, 2026 and December 31, 2025.
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):
 March 31, 2026December 31, 2025
 Estimated Useful LivesGross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships
4 to 18 years
$1,859.8 $(424.6)$1,868.6 $(399.7)
Technology
5 to 18 years
519.2 (166.9)523.6 (161.0)
Patents, backlog and other
2 to 10 years
144.7 (138.2)145.5 (130.2)
Trademarks and trade names
5 to 23 years
2.7 (1.3)1.8 (1.3)
Land use rights50 years10.5 (2.4)10.3 (2.3)
Total finite-lived intangible assets$2,536.9 $(733.4)$2,549.8 $(694.5)
Indefinite-lived intangible assets:
Trademarks and trade names (2)
647.4 — 656.4 — 
Total intangible assets$3,184.3 $(733.4)$3,206.2 $(694.5)
_______________
(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 March 31, 2026 and December 31, 2025.