Chart Industries (GTLS) 10-Q 1 Nov 24 2024 Q3 Quarterly report Financial data

COVER

COVER - shares	9 Months Ended
	Sep. 30, 2024	Oct. 28, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	1-11442
Entity Registrant Name	CHART INDUSTRIES, INC.
Entity Incorporation, State	DE
Entity Tax Identification Number	34-1712937
Street Address	2200 Airport Industrial Drive, Suite 100
Entity City or Town	Ball Ground
Entity State or Province	GA
Entity Postal Zip Code	30107
City Area Code	770
Local Phone Number	721-8800
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		42,811,055
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000892553
Current Fiscal Year End Date	--12-31
Common Stock
Document Information [Line Items]
Title of each class	Common Stock, par value $0.01
Trading Symbol(s)	GTLS
Name of each exchange on which registered	NYSE
Convertible preferred stock
Document Information [Line Items]
Title of each class	Depositary shares, each representing 1/20th interest in a share of 6.75% Series B Mandatory Convertible Preferred Stock, par value $0.01
Trading Symbol(s)	GTLS.PRB
Name of each exchange on which registered	NYSE

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 310.2	$ 188.3
Accounts receivable, less allowances of $5.2 and $5.9, respectively	805.6	758.9
Inventories, net	539.4	576.3
Unbilled contract revenue	680.2	481.7
Prepaid expenses	98.8	74.9
Other current assets	114.1	134.3
Total Current Assets	2,548.3	2,214.4
Property, plant, and equipment, net	888.8	837.6
Goodwill	2,987.7	2,906.8
Identifiable intangible assets, net	2,660.4	2,791.9
Equity method investments	103.9	109.9
Investments in equity securities	116.2	91.2
Other assets	193.1	150.6
TOTAL ASSETS	9,498.4	9,102.4
Current Liabilities
Accounts payable	1,010.1	811
Customer advances and billings in excess of contract revenue	366	376.6
Accrued salaries, wages, and benefits	66	81.5
Accrued interest	74.4	92.5
Accrued income taxes	54.4	60
Current portion of warranty reserve	17.5	29.4
Current portion of long-term debt	260.7	258.5
Operating lease liabilities, current	20.4	18.5
Other current liabilities	132.9	138.2
Total Current Liabilities	2,002.4	1,866.2
Long-term debt	3,623.9	3,576.4
Deferred tax liabilities	571.8	568.2
Accrued pension liabilities	7.1	6.7
Operating lease liabilities, non-current	61.7	50.7
Other long-term liabilities	96.1	95.2
Total Liabilities	6,363	6,163.4
Equity
Preferred stock, par value $0.01 per share, $1,000 aggregate liquidation preference — 10,000,000 shares authorized, 402,500 shares issued and outstanding at both September 30, 2024 and December 31, 2023	0	0
Common stock, par value $0.01 per share — 150,000,000 shares authorized, 42,809,385 and 42,754,241 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	0.4	0.4
Additional paid-in capital	1,883.6	1,872.5
Treasury stock; 760,782 shares at both September 30, 2024 and December 31, 2023	(19.3)	(19.3)
Retained earnings	1,040.6	922.1
Accumulated other comprehensive income	65.9	10.8
Total Chart Industries, Inc. Shareholders’ Equity	2,971.2	2,786.5
Noncontrolling interests	164.2	152.5
Total Equity	3,135.4	2,939
TOTAL LIABILITIES AND EQUITY	$ 9,498.4	$ 9,102.4

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 5,200,000	$ 5,900,000
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Liquidation preference	$ 1,000	$ 1,000
Preferred stock, shares authorized (shares)	10,000,000	10,000,000
Preferred stock, shares issued (shares)	402,500	402,500
Preferred stock, shares outstanding (shares)	402,500	402,500
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	150,000,000	150,000,000
Common stock, shares issued (shares)	42,809,385	42,754,241
Common stock, shares outstanding (shares)	42,809,385	42,754,241
Treasury stock (shares)	760,782	760,782

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Sales	$ 1,062.5	$ 897.9	$ 3,053.5	$ 2,337.5
Cost of sales	699.9	621.7	2,037	1,631.4
Gross profit	362.6	276.2	1,016.5	706.1
Selling, general and administrative expenses	135.7	122.8	413.4	356.4
Amortization expense	48.4	49	143.9	115
Operating expenses	184.1	171.8	557.3	471.4
Operating income	178.5	104.4	459.2	234.7
Acquisition related finance fees	0	0	0	26.1
Interest expense, net	80.6	90.5	248.7	202.7
Other expense (income)	(2.6)	3.4	4.2	6.4
Income (loss) from continuing operations before income taxes and equity in loss of unconsolidated affiliates, net	100.5	10.5	206.3	(0.5)
Income tax expense (benefit)	26.6	0.1	50.9	(4.2)
Income from continuing operations before equity in (loss) earnings of unconsolidated affiliates, net	73.9	10.4	155.4	3.7
Equity in (loss) earnings of unconsolidated affiliates, net	(0.8)	1.3	(2.4)	2.4
Net income from continuing operations	73.1	11.7	153	6.1
Loss from discontinued operations, net of tax	(0.4)	(6)	(2.8)	(2.6)
Net income	72.7	5.7	150.2	3.5
Less: Income attributable to noncontrolling interests of continuing operations, net of taxes	3.7	2.3	11.3	6
Net income (loss) attributable to Chart Industries, Inc.	69	3.4	138.9	(2.5)
Amounts attributable to Chart common shareholders
Income from continuing operations	69.4	9.4	141.7	0.1
Less: Mandatory convertible preferred stock dividend requirement	6.8	6.8	20.4	20.5
Income (loss) from continuing operations attributable to Chart	62.6	2.6	121.3	(20.4)
Loss from discontinued operations, net of tax	(0.4)	(6)	(2.8)	(2.6)
Net income (loss) attributable to Chart common shareholders	62.2	(3.4)	118.5	(23)
Net income (loss) attributable to Chart common shareholders	$ 62.2	$ (3.4)	$ 118.5	$ (23)
Basic earnings per common share attributable to Chart Industries, Inc.
Income (loss) from continuing operations (usd per share)	$ 1.49	$ 0.06	$ 2.89	$ (0.49)
Loss from discontinued operations (usd per share)	(0.01)	(0.14)	(0.07)	(0.06)
Net income (loss) attributable to Chart Industries, Inc. — basic (usd per share)	1.48	(0.08)	2.82	(0.55)
Diluted earnings per common share attributable to Chart Industries, Inc.
Income (loss) from continuing operations (usd per share)	1.34	0.05	2.59	(0.49)
Loss from discontinued operations (usd per share)	(0.01)	(0.12)	(0.06)	(0.06)
Net income (loss) attributable to Chart Industries, Inc. — diluted (usd per share)	$ 1.33	$ (0.07)	$ 2.53	$ (0.55)
Weighted-average number of common shares outstanding:
Basic (shares)	42,050	41,980	42,040	41,960
Diluted (shares)	46,670	47,610	46,890	41,960
Other comprehensive (loss) income:
Net income	$ 72.7	$ 5.7	$ 150.2	$ 3.5
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net	156.3	(48)	55.5	(46.4)
Pension liability adjustments, net of taxes	0.1	0.2	0	0.5
Other comprehensive income (loss), net of tax	156.4	(47.8)	55.5	(45.9)
Comprehensive income (loss), net of taxes	229.1	(42.1)	205.7	(42.4)
Less: Comprehensive income attributable to noncontrolling interests, net of taxes	4.2	2.4	11.7	5.5
Comprehensive income (loss) attributable to Chart Industries, Inc., net of taxes	$ 224.9	$ (44.5)	$ 194	$ (47.9)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
OPERATING ACTIVITIES
Net income		$ 150.2	$ 3.5
Less: Loss from discontinued operations, net of tax		(2.8)	(2.6)
Net income from continuing operations		153	6.1
Adjustments to reconcile net income to net cash provided by operating activities:
Bridge loan facility fees		0	26.1
Depreciation and amortization		200	163.2
Employee share-based compensation expense		14.3	9.2
Financing costs amortization		14.2	12
Unrealized foreign currency transaction (gain) loss		(5.1)	0.4
Unrealized (gain) loss on investments in equity securities		(10.8)	11.8
Equity in loss (income) of unconsolidated affiliates		2.4	(2.4)
Loss on sale of business		7.8	0
Other non-cash operating activities		3	(4.9)
Changes in assets and liabilities, net of acquisitions:
Accounts receivable		(45)	(61.9)
Inventories		24.4	2.6
Unbilled contract revenue		(195.7)	(133.4)
Prepaid expenses and other current assets		(16.4)	34
Accounts payable and other current liabilities		109.6	86.2
Customer advances and billings in excess of contract revenue		(13.3)	19.1
Long-term assets and liabilities		(15.2)	(62)
Net Cash Provided By Continuing Operating Activities		227.2	106.1
Net Cash Used In Discontinued Operating Activities		(5.6)	(69.2)
Net Cash Provided By Operating Activities		221.6	36.9
INVESTING ACTIVITIES
Acquisition of businesses, net of cash acquired		0	(4,322.3)
Proceeds from sale of business		(6.1)	291.9
Capital expenditures		(100.3)	(115.4)
Investments		(13.1)	(8.8)
Other investing activities		0.4	2.3
Net Cash Used In Continuing Investing Activities		(119.1)	(4,152.3)
Net Cash Used In Discontinued Investing Activities		(2.5)	(2.6)
Net Cash Used In Investing Activities		(121.6)	(4,154.9)
FINANCING ACTIVITIES
Borrowings on credit facilities		2,286.7	1,334.3
Repayments on credit facilities		(2,246.5)	(1,234.3)
Borrowings on term loan		0	1,747.2
Repayments on term loan		0	(8.2)
Payments for debt issuance costs		(10.1)	(133.5)
Payment of contingent consideration		0	(4.4)
Proceeds from issuance of common stock, net		0	11.7
Proceeds from exercise of stock options		0.4	0.9
Common stock repurchases from share-based compensation plans		(3.3)	(3)
Dividend distribution to noncontrolling interests		0	(12.2)
Dividends paid on mandatory convertible preferred stock		(20.4)	(20.5)
Net Cash Provided By Financing Activities		6.8	1,678
Effect of exchange rate changes on cash and cash equivalents		4.6	(0.4)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents including cash classified within current assets held for sale		111.4	(2,440.4)
Less: net increase in cash classified within current assets held for sale		0	(5)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents		111.4	(2,445.4)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period	[1]	201.1	2,605.3
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS AT END OF PERIOD	[1]	$ 312.5	$ 159.9
[1] Includes restricted cash and restricted cash equivalents of $2.3 and $12.8 classified within other current assets as of September 30, 2024 and December 31, 2023, respectively, and $12.8 and $1,941.7 as of September 30, 2023 and December 31, 2022, respectively.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Parentheticals) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Statement of Cash Flows [Abstract]
Restricted cash	$ 2.3	$ 12.8	$ 12.8	$ 1,941.7

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) - USD ($) $ in Millions	Total	Common Stock	Preferred Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interests
Beginning balance at Dec. 31, 2022	$ 2,684.3	$ 0.4	$ 0	$ 1,850.2	$ (19.3)	$ 902.2	$ (58)	$ 8.8
Beginning balance (shares) at Dec. 31, 2022		42,560,000
Preferred stock, beginning balance (shares) at Dec. 31, 2022			400,000
Increase (Decrease) in Stockholders' Equity
Net (loss) income	(14.3)					(15)		0.7
Other comprehensive (loss) income	4.1						4.1
Common stock issuance, net of equity issuance costs (shares)		110,000
Common stock issuance, net of equity issuance costs	11.7			11.7
Share-based compensation expense	4			4
Common stock issued from share-based compensation plans (shares)		80,000
Common stock issued from share-based compensation plans	0.1			0.1
Common stock repurchases from share-based compensation plans (shares)		(20,000)
Common stock repurchases from share-based compensation plans	(2.6)			(2.6)
Preferred stock dividend	(6.9)					(6.9)
Purchase of noncontrolling interest	26.5							26.5
Other	0					(0.2)		0.2
Ending balance at Mar. 31, 2023	2,706.9	$ 0.4	$ 0	1,863.4	(19.3)	880.1	(53.9)	36.2
Ending balance (shares) at Mar. 31, 2023		42,730,000
Preferred stock, ending balance (shares) at Mar. 31, 2023			400,000
Beginning balance at Dec. 31, 2022	2,684.3	$ 0.4	$ 0	1,850.2	(19.3)	902.2	(58)	8.8
Beginning balance (shares) at Dec. 31, 2022		42,560,000
Preferred stock, beginning balance (shares) at Dec. 31, 2022			400,000
Increase (Decrease) in Stockholders' Equity
Net (loss) income	3.5
Other comprehensive (loss) income	(45.9)
Ending balance at Sep. 30, 2023	2,757.5	$ 0.4	$ 0	1,869	(19.3)	879.1	(103.3)	131.6
Ending balance (shares) at Sep. 30, 2023		42,750,000
Preferred stock, ending balance (shares) at Sep. 30, 2023			400,000
Beginning balance at Mar. 31, 2023	2,706.9	$ 0.4	$ 0	1,863.4	(19.3)	880.1	(53.9)	36.2
Beginning balance (shares) at Mar. 31, 2023		42,730,000
Preferred stock, beginning balance (shares) at Mar. 31, 2023			400,000
Increase (Decrease) in Stockholders' Equity
Net (loss) income	12.1					9.1		3
Other comprehensive (loss) income	(2.1)						(1.5)	(0.6)
Share-based compensation expense	2.6			2.6
Common stock issued from share-based compensation plans	0.1			0.1
Common stock repurchases from share-based compensation plans	(0.1)			(0.1)
Preferred stock dividend	(6.8)					(6.8)
Dividend distribution to noncontrolling interest	(8.4)							(8.4)
Purchase of noncontrolling interest	102.8							102.8
Other	0.1					0.1
Ending balance at Jun. 30, 2023	2,807.2	$ 0.4	$ 0	1,866	(19.3)	882.5	(55.4)	133
Ending balance (shares) at Jun. 30, 2023		42,730,000
Preferred stock, ending balance (shares) at Jun. 30, 2023			400,000
Increase (Decrease) in Stockholders' Equity
Net (loss) income	5.7					3.4		2.3
Other comprehensive (loss) income	(47.8)						(47.9)	0.1
Share-based compensation expense	2.6			2.6
Common stock issued from share-based compensation plans (shares)		20,000
Common stock issued from share-based compensation plans	0.7			0.7
Common stock repurchases from share-based compensation plans	(0.3)			(0.3)
Preferred stock dividend	(6.8)					(6.8)
Other	(3.8)							(3.8)
Ending balance at Sep. 30, 2023	2,757.5	$ 0.4	$ 0	1,869	(19.3)	879.1	(103.3)	131.6
Ending balance (shares) at Sep. 30, 2023		42,750,000
Preferred stock, ending balance (shares) at Sep. 30, 2023			400,000
Beginning balance at Dec. 31, 2023	$ 2,939	$ 0.4	$ 0	1,872.5	(19.3)	922.1	10.8	152.5
Beginning balance (shares) at Dec. 31, 2023	42,754,241	42,750,000
Preferred stock, beginning balance (shares) at Dec. 31, 2023	402,500		400,000
Increase (Decrease) in Stockholders' Equity
Net (loss) income	$ 14.6					11.3		3.3
Other comprehensive (loss) income	(55.7)						(55.7)
Share-based compensation expense	6			6
Common stock issued from share-based compensation plans (shares)		70,000
Common stock issued from share-based compensation plans	0.3			0.3
Common stock repurchases from share-based compensation plans (shares)		(20,000)
Common stock repurchases from share-based compensation plans	(3)			(3)
Preferred stock dividend	(6.8)					(6.8)
Other	(0.1)					(0.1)
Ending balance at Mar. 31, 2024	2,894.3	$ 0.4	$ 0	1,875.8	(19.3)	926.5	(44.9)	155.8
Ending balance (shares) at Mar. 31, 2024		42,800,000
Preferred stock, ending balance (shares) at Mar. 31, 2024			400,000
Beginning balance at Dec. 31, 2023	$ 2,939	$ 0.4	$ 0	1,872.5	(19.3)	922.1	10.8	152.5
Beginning balance (shares) at Dec. 31, 2023	42,754,241	42,750,000
Preferred stock, beginning balance (shares) at Dec. 31, 2023	402,500		400,000
Increase (Decrease) in Stockholders' Equity
Net (loss) income	$ 150.2
Other comprehensive (loss) income	55.5
Ending balance at Sep. 30, 2024	$ 3,135.4	$ 0.4	$ 0	1,883.6	(19.3)	1,040.6	65.9	164.2
Ending balance (shares) at Sep. 30, 2024	42,809,385	42,810,000
Preferred stock, ending balance (shares) at Sep. 30, 2024	402,500		400,000
Beginning balance at Mar. 31, 2024	$ 2,894.3	$ 0.4	$ 0	1,875.8	(19.3)	926.5	(44.9)	155.8
Beginning balance (shares) at Mar. 31, 2024		42,800,000
Preferred stock, beginning balance (shares) at Mar. 31, 2024			400,000
Increase (Decrease) in Stockholders' Equity
Net (loss) income	62.9					58.6		4.3
Other comprehensive (loss) income	(45.2)						(45.1)	(0.1)
Share-based compensation expense	4.1			4.1
Common stock issued from share-based compensation plans	0.1			0.1
Common stock repurchases from share-based compensation plans	(0.2)			(0.2)
Preferred stock dividend	(6.8)					(6.8)
Other	(0.1)			(0.1)
Ending balance at Jun. 30, 2024	2,909.1	$ 0.4	$ 0	1,879.7	(19.3)	978.3	(90)	160
Ending balance (shares) at Jun. 30, 2024		42,800,000
Preferred stock, ending balance (shares) at Jun. 30, 2024			400,000
Increase (Decrease) in Stockholders' Equity
Net (loss) income	72.7					69		3.7
Other comprehensive (loss) income	156.4						155.9	0.5
Share-based compensation expense	4.2			4.2
Common stock issued from share-based compensation plans (shares)		10,000
Common stock repurchases from share-based compensation plans	(0.3)			(0.3)
Preferred stock dividend	(6.8)					(6.8)
Other	0.1					0.1
Ending balance at Sep. 30, 2024	$ 3,135.4	$ 0.4	$ 0	$ 1,883.6	$ (19.3)	$ 1,040.6	$ 65.9	$ 164.2
Ending balance (shares) at Sep. 30, 2024	42,809,385	42,810,000
Preferred stock, ending balance (shares) at Sep. 30, 2024	402,500		400,000

Basis of Preparation

Basis of Preparation	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Preparation	Basis of Preparation The accompanying unaudited condensed consolidated financial statements of Chart Industries, Inc. and its consolidated subsidiaries (herein referred to as the “Company,” “Chart,” “we,” “us,” or “our”) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. On March 17, 2023, we completed the acquisition of Howden (“Howden”), a leading global provider of mission critical air and gas handling products and services, from affiliates of KPS Capital Partners, LP. Results from continuing operations include results of Howden from the date of acquisition and exclude Roots™ (“Roots”) business financial results for our entire ownership period of March 17, 2023 through the divestiture date, August 18, 2023. The results of Roots are presented as discontinued operations in the condensed consolidated statements of operations and comprehensive income (loss) and have been excluded from both continuing operations and segment results for the three and nine months ended September 30, 2023 . See Note 2, “Discontinued Operations and Other Businesses Sold” for further information regarding the Roots divestiture and also the 2023 divestitures of Cofimco and American Fan, and Note 13, “Business Combinations”, for further information regarding the acquisition of Howden (the “Howden Acquisition”). Nature of Operations : We are an independent global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean™ – clean power, clean water, clean food, and clean industrials, regardless of molecule. Our unique product portfolio across both stationary and rotating equipment is used in every phase of the liquid gas supply chain, including upfront engineering, service and repair. Being at the forefront of the clean energy transition, Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas, carbon capture and water treatment, among other applications. We are committed to excellence in environmental, social and corporate governance (ESG) issues both for our company as well as our customers. With 64 global manufacturing locations and over 50 service centers from the United States to Asia, India and Europe, we maintain accountability and transparency to our team members, suppliers, customers and communities. Principles of Consolidation: The unaudited condensed consolidated financial statements include the accounts of Chart Industries, Inc. and its subsidiaries. Intercompany accounts and transactions are eliminated in consolidation. Use of Estimates: The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. These estimates may also affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions, based on a number of factors including the current macroeconomic conditions such as inflation and supply chain disruptions, as well as risks set forth in our Annual Report on Form 10-K. Reclassifications: Certain amounts have been reclassified within the condensed consolidated statement of cash flows for the nine months ended September 30, 2023 to conform with the current period presentation. Recently Issued Accounting Standards (Not Yet Adopted): In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” The amendments in this update enhance the transparency and decision usefulness of income tax disclosures. This update enhances the rate reconciliation by requiring an entity to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. The update also requires an entity to disclose on an annual basis enhanced information about income taxes paid, income from continuing operations before income tax expense (or benefit) disaggregated between domestic and foreign, and income tax expense (or benefit) from continuing operations disaggregated by federal (national), state, and foreign. The amendments in this update are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. We are currently assessing the effect this ASU will have on our disclosures. In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this update improve reportable segment disclosure requirements through enhanced disclosures about significant segment expenses. Among other things, this update requires an entity to disclose significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss. The update also requires entities to disclose other segment items, provide all annual disclosures about a reportable segment’s profit and loss and assets currently required by this Topic in interim periods, disclose the title and position of our CODM, and an explanation of how the CODM uses the reported measures of segment profit or loss in assessing segment performance and deciding how to allocate resources. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. We expect this ASU to result in expanded disclosure of segment financial information, with no impact on our financial position and results of operations. Recently Adopted Accounting Standards: In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.” The amendments in this update clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the security and, therefore, is not considered in measuring fair value. The amendments also clarify that an entity cannot recognize and measure a contractual sale restriction and adds additional disclosures for equity securities subject to contractual sale restrictions. We adopted this guidance effective January 1, 2024. The adoption of this guidance did not have an impact on our financial position, results of operations, and disclosures.

Discontinued Operations and Oth

Discontinued Operations and Other Businesses Sold	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations and Other Businesses Sold	Discontinued Operations and Other Businesses Sold Roots™ Divestiture On June 11, 2023, we signed a definitive agreement to divest our Roots business, which we acquired as part of the Howden Acquisition, to Ingersoll Rand Inc. (New York Stock Exchange: IR) (“buyer”) for a base purchase price of $300.0, subject to customary adjustments. The sale was completed on August 18, 2023 with proceeds totaling $291.9 before customary estimated closing working capital adjustments, which are complete. The purchase price was subject to a final net working capital adjustment of $2.5, settled in the first quarter of 2024. We previously determined that our Roots business qualified for discontinued operations and as such, the financial results of the Roots business are reflected in our unaudited condensed consolidated statements of operations and comprehensive income (loss) as discontinued operations for our entire ownership period of March 17, 2023 through August 18, 2023. Summarized Financial Information of Discontinued Operations The following table represents (loss) income from discontinued operations, net of tax: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Sales $ — $ 17.5 $ — $ 58.8 Cost of sales — 15.4 — 41.4 Gross profit — 2.1 — 17.4 Selling, general and administrative expenses 0.5 2.1 1.0 6.9 Operating (loss) income (0.5) — (1.0) 10.5 Other expenses: Other expense, net — 3.0 — 9.0 (Loss) income before income taxes (0.5) (3.0) (1.0) 1.5 Income tax (benefit) expense (0.1) 0.5 (0.2) 1.6 Loss from discontinued operations before loss on sale of business (0.4) (3.5) (0.8) (0.1) Loss on sale of business, net of $0.0, $7.5, $0.5 and $7.5 of taxes (1) (2) — 2.5 2.0 2.5 Loss from discontinued operations, net of tax $ (0.4) $ (6.0) $ (2.8) $ (2.6) ___________ (1) The loss on sale of the Roots business was $0.0 and $2.5 before taxes for the three and nine months ended September 30, 2024, respectively . (2) The gain on sale of the Roots business was $5.0 before taxes for both the three and nine months ended September 30, 2023 . Other Businesses Sold On October 26, 2023, we signed and closed on the divestiture of our American Fan business to Arcline Investment Management, L.P, with net proceeds totaling $109.7 after customary closing working capital adjustments, which are complete. On October 31, 2023, we completed the sale of our Cofimco fans business (“Cofimco”) to PX3 Partners, with net proceeds totaling $67.4 after customary closing working capital adjustments, which are complete.

Reportable Segments

Reportable Segments	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Reportable Segments	Reportable Segments We go to market through One Chart global commercial, engineering, products, operations, and aftermarket organizations. Further, our engineered solutions are utilized across a molecule’s value chain from production to distribution and storage to consumption. We have four reportable segments which operate globally that are also our operating segments: 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 recovery, separation, liquefaction, and purification of hydrocarbons, liquefied natural gas (LNG) and industrial gases that span gas-to-liquid applications. Our Specialty Products segment supplies products used in specialty end-market applications including engineered liquefaction, storage and compression equipment for hydrogen and helium, LNG for over-the-highway vehicles, biofuels, carbon capture, food and beverage, aerospace, nuclear, marine, mining, lasers and water treatment end markets. Our Repair, Service & Leasing segment provides installation, retrofitting and refurbishment, services and repairs, preventative and contractual maintenance, and digital solutions of Chart’s stationary (liquefaction, fueling stations, among other products) and rotating equipment (compression, fans, among other products) globally in addition to providing targeted equipment leasing solutions. Corporate includes operating expenses for executive management, accounting, tax, treasury, corporate development, human resources, information technology (“IT”), investor relations, legal, internal audit, risk management and share-based compensation expenses. Corporate support functions are not allocated to the segments. We evaluate performance and allocate resources based on operating income as determined in our condensed consolidated statements of operations and comprehensive income (loss). Segment Financial Information Three Months Ended September 30, 2024 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Corporate Consolidated Sales $ 162.5 $ 256.2 $ 283.3 $ 360.5 $ — $ — $ 1,062.5 Depreciation and amortization expense 5.7 8.9 7.0 43.5 — 3.0 68.1 Operating income (loss) 23.5 61.3 41.9 102.0 — (50.2) 178.5 Three Months Ended September 30, 2023 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Corporate Consolidated Sales $ 159.0 $ 232.5 $ 240.0 $ 271.3 $ (4.9) $ — $ 897.9 Depreciation and amortization expense 7.8 7.4 5.7 45.1 — 1.0 67.0 Operating income (loss) 17.1 43.4 33.7 42.3 — (32.1) 104.4 Nine Months Ended September 30, 2024 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Corporate Consolidated Sales $ 487.7 $ 746.5 $ 797.4 $ 1,022.0 $ (0.1) $ — $ 3,053.5 Depreciation and amortization expense 16.5 27.2 20.9 129.4 — 6.0 200.0 Operating income (loss) 53.5 157.6 122.0 265.1 — (139.0) 459.2 Nine Months Ended September 30, 2023 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Corporate Consolidated Sales $ 435.2 $ 636.0 $ 602.9 $ 688.5 $ (25.1) $ — $ 2,337.5 Depreciation and amortization expense 17.2 24.6 17.9 100.8 — 2.7 163.2 Operating income (loss) 31.9 120.5 84.6 121.0 — (123.3) 234.7 Sales by Geography Net sales by geographic area are reported by the destination of sales. Three Months Ended September 30, 2024 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated North America $ 71.4 $ 140.4 $ 111.3 $ 142.7 $ — $ 465.8 Europe, Middle East, Africa and India 48.7 53.6 84.4 139.2 — 325.9 Asia-Pacific 40.3 59.8 84.4 58.4 — 242.9 Rest of the World 2.1 2.4 3.2 20.2 — 27.9 Total $ 162.5 $ 256.2 $ 283.3 $ 360.5 $ — $ 1,062.5 Three Months Ended September 30, 2023 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated North America $ 71.3 $ 150.6 $ 84.2 $ 78.5 $ (2.0) $ 382.6 Europe, Middle East, Africa and India 52.7 31.0 68.0 130.2 (1.7) 280.2 Asia-Pacific 33.5 46.7 83.2 52.5 (1.1) 214.8 Rest of the World 1.5 4.2 4.6 10.1 (0.1) 20.3 Total $ 159.0 $ 232.5 $ 240.0 $ 271.3 $ (4.9) $ 897.9 Nine Months Ended September 30, 2024 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated North America $ 225.7 $ 422.8 $ 313.2 $ 410.2 $ — $ 1,371.9 Europe, Middle East, Africa and India 152.7 137.5 227.5 399.4 — 917.1 Asia-Pacific 98.4 168.0 244.1 164.4 (0.1) 674.8 Rest of the World 10.9 18.2 12.6 48.0 — 89.7 Total $ 487.7 $ 746.5 $ 797.4 $ 1,022.0 $ (0.1) $ 3,053.5 Nine Months Ended September 30, 2023 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated North America $ 198.5 $ 432.9 $ 238.1 $ 224.9 $ (11.2) $ 1,083.2 Europe, Middle East, Africa and India 148.7 76.8 170.2 305.0 (8.7) 692.0 Asia-Pacific 84.1 111.7 183.3 133.8 (4.8) 508.1 Rest of the World 3.9 14.6 11.3 24.8 (0.4) 54.2 Total $ 435.2 $ 636.0 $ 602.9 $ 688.5 $ (25.1) $ 2,337.5 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. September 30, December 31, Cryo Tank Solutions $ 668.9 $ 706.1 Heat Transfer Systems 642.7 560.7 Specialty Products 915.5 647.8 Repair, Service & Leasing 936.8 950.1 Total assets of reportable segments 3,163.9 2,864.7 Goodwill 2,987.7 2,906.8 Identifiable intangible assets, net 2,660.4 2,791.9 Corporate 686.4 539.0 Total $ 9,498.4 $ 9,102.4

Revenue

Revenue	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of Revenue The following tables represent a disaggregation of revenue by timing of revenue along with the reportable segment for each category: Three Months Ended September 30, 2024 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated Point in time $ 83.6 $ 5.5 $ 54.9 $ 209.7 $ — $ 353.7 Over time 78.9 250.7 228.4 150.8 — 708.8 Total $ 162.5 $ 256.2 $ 283.3 $ 360.5 $ — $ 1,062.5 Three Months Ended September 30, 2023 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated Point in time $ 108.3 $ 16.5 $ 62.1 $ 152.6 $ (2.5) $ 337.0 Over time 50.7 216.0 177.9 118.7 (2.4) 560.9 Total $ 159.0 $ 232.5 $ 240.0 $ 271.3 $ (4.9) $ 897.9 Nine Months Ended September 30, 2024 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated Point in time $ 285.2 $ 26.9 $ 202.4 $ 613.5 $ — $ 1,128.0 Over time 202.5 719.6 595.0 408.5 (0.1) 1,925.5 Total $ 487.7 $ 746.5 $ 797.4 $ 1,022.0 $ (0.1) $ 3,053.5 Nine Months Ended September 30, 2023 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated Point in time $ 295.1 $ 48.5 $ 123.6 $ 408.7 $ (15.2) $ 860.7 Over time 140.1 587.5 479.3 279.8 (9.9) 1,476.8 Total $ 435.2 $ 636.0 $ 602.9 $ 688.5 $ (25.1) $ 2,337.5 Refer to Note 3, “Reportable Segments,” for a table of revenue by reportable segment disaggregated by geography. Contract Balances The following table presents our contract assets and contract liabilities balances: September 30, 2024 December 31, 2023 Contract assets Accounts receivable, net of allowances $ 805.6 $ 758.9 Unbilled contract revenue 680.2 481.7 Contract liabilities Customer advances and billings in excess of contract revenue $ 366.0 $ 376.6 Revenue recognized for the three months ended September 30, 2024 and 2023, that was included in the contract liabilities balance at the beginning of the year was $65.0 and $17.3, respectively. Revenue recognized for the nine months ended September 30, 2024 and 2023, that was included in the contract liabilities balance at the beginning of each year was $284.9 and $162.7 , respectively. The amount of revenue recognized during the nine months ended September 30, 2024 from performance obligations satisfied or partially satisfied in previous periods as a result of changes in the estimates of variable consideration related to long-term contracts, was not significant. Remaining Performance Obligations Remaining performance obligations represent the transaction price of firm signed purchase orders or other written contractual commitments from customers for which work has not been performed, or is partially completed, and excludes unexercised contract options and potential orders. As of September 30, 2024, the estimated revenue expected to be recognized in the future related to remaining performance obligations was $4,535.3. We expect to recognize revenue on approximately 61% of the remaining performance obligations over the next 12 months and the remaining over the next few years thereafter.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories The following table summarizes the components of inventory: September 30, December 31, Raw materials and supplies $ 287.3 $ 274.8 Work in process 125.5 155.4 Finished goods 126.6 146.1 Total inventories, net $ 539.4 $ 576.3 The allowance for excess and obsolete inventory balance at September 30, 2024 and December 31, 2023 was $9.0 and $9.9, respectively.

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Leases	Leases Lessee Accounting We lease certain office spaces, warehouses, facilities, vehicles and equipment. Our leases have maturity dates ranging from October 2024 to September 2042 . Leases with an initial term of twelve months or less are not recorded on the balance sheet. Operating lease right-of-use (“ROU”) assets are classifie d as property, plant and equipment, net in the condensed consolidated balance sheets. Finance lease ROU assets are classified as other assets in the condensed consolidated balance sheets. Operating lease liabilities are classified as operating lease liabilities, current and operating lease liabilities, non-current. Finance lease liabilities are classified as other current liabilities and other long-term liabilities in the condensed consolidated balance sheets. We incurred $6.8 and $13.8 of rental expense under operating leases for the three months ended September 30, 2024 and 2023, respectively, and $19.2 and $23.6 for the nine months ended September 30, 2024 and 2023, respectively . Certain operating leases contain rent escalation clauses and lease concessions that require additional rental payments in the later years of the term. Rent expense for these types of leases is recognized on a straight-line basis over the minimum lease term. This expense consisted primarily of payments for base rent on building and equipment leases. Payments related to short-term lease costs and taxes and variable service charges on leased properties were immaterial. In addition, we have the right, but no obligation, to renew certain leases for various renewal terms. The following table presents the lease balances within our condensed consolidated balance sheets, weighted average remaining lease term and weighted average discount rates related to our leases: Lease Assets and Liabilities September 30, 2024 December 31, 2023 Assets Operating lease, net $ 81.2 $ 69.1 Finance lease, net 16.0 16.1 Total lease assets $ 97.2 $ 85.2 Liabilities Current: Operating lease liabilities $ 20.4 $ 18.5 Finance lease liabilities 2.3 3.0 Non-current: Operating lease liabilities 61.7 50.7 Finance lease liabilities 14.2 14.2 Total lease liabilities $ 98.6 $ 86.4 Weighted-average remaining lease terms Operating leases 6.3 years 5.1 years Finance leases 7.7 years 7.9 years Weighted-average discount rate Operating leases 7.1% 6.6% Finance leases 6.9% 6.7% Leased assets obtained in exchange for new finance and operating lease liabilities for the nine months ended September 30, 2024 were $0.1 and $20.1, respectively. The following table summarizes future minimum lease payments for non-cancelable operating leases and for finance leases as of September 30, 2024: Finance Operating 2024 $ 0.9 $ 6.2 2025 3.0 23.5 2026 2.7 18.1 2027 2.6 13.2 2028 2.4 11.1 Thereafter (1) 10.3 30.8 Total future minimum lease payments $ 21.9 $ 102.9 Less: Present value discount (5.4) (20.8) Lease liability $ 16.5 $ 82.1 _______________ (1) As of September 30, 2024, future minimum lease payments for non-cancelable operating leases for the period subsequent to 2028 relate to forty-two leased facilities. Lessor Accounting We lease equipment manufactured by Chart as sales-type and operating leases. As of September 30, 2024 and December 31, 2023, our short-term net investment in sales-type leases was $28.2 and $21.4, respectively, and is included in other current assets in our condensed consolidated balance sheets. Our long-term net investment in sales-type leases was $80.6 and $62.1 as of September 30, 2024 and December 31, 2023, respectively, and is included in other assets in our condensed consolidated balance sheets. Operating leases offered by Chart may include early termination options. At the end of a lease, a lessee generally has the option to either extend the lease, purchase the underlying equipment for a fixed price or return it to Chart. The lease agreements clearly define applicable return conditions and remedies for non-compliance to ensure that leased equipment will be in good operating condition upon return. The following table represents sales from sales-type and operating leases: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Sales-type leases $ 11.5 $ 6.0 $ 36.9 $ 25.2 Operating leases 1.7 1.9 4.8 4.2 Total sales from leases $ 13.2 $ 7.9 $ 41.7 $ 29.4 The following table represents scheduled payments for sales-type leases as of September 30, 2024: 2024 $ 6.9 2025 28.6 2026 26.5 2027 20.3 2028 17.3 Thereafter 56.0 Total 155.6 Less: unearned income 46.8 Total $ 108.8 The following table represents the cost of equipment leased to others: September 30, 2024 December 31, 2023 Equipment leased to others, cost $ 4.7 $ 20.6 Less: accumulated depreciation 1.3 4.4 Equipment leased to others, net $ 3.4 $ 16.2
Leases	Leases Lessee Accounting We lease certain office spaces, warehouses, facilities, vehicles and equipment. Our leases have maturity dates ranging from October 2024 to September 2042 . Leases with an initial term of twelve months or less are not recorded on the balance sheet. Operating lease right-of-use (“ROU”) assets are classifie d as property, plant and equipment, net in the condensed consolidated balance sheets. Finance lease ROU assets are classified as other assets in the condensed consolidated balance sheets. Operating lease liabilities are classified as operating lease liabilities, current and operating lease liabilities, non-current. Finance lease liabilities are classified as other current liabilities and other long-term liabilities in the condensed consolidated balance sheets. We incurred $6.8 and $13.8 of rental expense under operating leases for the three months ended September 30, 2024 and 2023, respectively, and $19.2 and $23.6 for the nine months ended September 30, 2024 and 2023, respectively . Certain operating leases contain rent escalation clauses and lease concessions that require additional rental payments in the later years of the term. Rent expense for these types of leases is recognized on a straight-line basis over the minimum lease term. This expense consisted primarily of payments for base rent on building and equipment leases. Payments related to short-term lease costs and taxes and variable service charges on leased properties were immaterial. In addition, we have the right, but no obligation, to renew certain leases for various renewal terms. The following table presents the lease balances within our condensed consolidated balance sheets, weighted average remaining lease term and weighted average discount rates related to our leases: Lease Assets and Liabilities September 30, 2024 December 31, 2023 Assets Operating lease, net $ 81.2 $ 69.1 Finance lease, net 16.0 16.1 Total lease assets $ 97.2 $ 85.2 Liabilities Current: Operating lease liabilities $ 20.4 $ 18.5 Finance lease liabilities 2.3 3.0 Non-current: Operating lease liabilities 61.7 50.7 Finance lease liabilities 14.2 14.2 Total lease liabilities $ 98.6 $ 86.4 Weighted-average remaining lease terms Operating leases 6.3 years 5.1 years Finance leases 7.7 years 7.9 years Weighted-average discount rate Operating leases 7.1% 6.6% Finance leases 6.9% 6.7% Leased assets obtained in exchange for new finance and operating lease liabilities for the nine months ended September 30, 2024 were $0.1 and $20.1, respectively. The following table summarizes future minimum lease payments for non-cancelable operating leases and for finance leases as of September 30, 2024: Finance Operating 2024 $ 0.9 $ 6.2 2025 3.0 23.5 2026 2.7 18.1 2027 2.6 13.2 2028 2.4 11.1 Thereafter (1) 10.3 30.8 Total future minimum lease payments $ 21.9 $ 102.9 Less: Present value discount (5.4) (20.8) Lease liability $ 16.5 $ 82.1 _______________ (1) As of September 30, 2024, future minimum lease payments for non-cancelable operating leases for the period subsequent to 2028 relate to forty-two leased facilities. Lessor Accounting We lease equipment manufactured by Chart as sales-type and operating leases. As of September 30, 2024 and December 31, 2023, our short-term net investment in sales-type leases was $28.2 and $21.4, respectively, and is included in other current assets in our condensed consolidated balance sheets. Our long-term net investment in sales-type leases was $80.6 and $62.1 as of September 30, 2024 and December 31, 2023, respectively, and is included in other assets in our condensed consolidated balance sheets. Operating leases offered by Chart may include early termination options. At the end of a lease, a lessee generally has the option to either extend the lease, purchase the underlying equipment for a fixed price or return it to Chart. The lease agreements clearly define applicable return conditions and remedies for non-compliance to ensure that leased equipment will be in good operating condition upon return. The following table represents sales from sales-type and operating leases: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Sales-type leases $ 11.5 $ 6.0 $ 36.9 $ 25.2 Operating leases 1.7 1.9 4.8 4.2 Total sales from leases $ 13.2 $ 7.9 $ 41.7 $ 29.4 The following table represents scheduled payments for sales-type leases as of September 30, 2024: 2024 $ 6.9 2025 28.6 2026 26.5 2027 20.3 2028 17.3 Thereafter 56.0 Total 155.6 Less: unearned income 46.8 Total $ 108.8 The following table represents the cost of equipment leased to others: September 30, 2024 December 31, 2023 Equipment leased to others, cost $ 4.7 $ 20.6 Less: accumulated depreciation 1.3 4.4 Equipment leased to others, net $ 3.4 $ 16.2
Leases	Leases Lessee Accounting We lease certain office spaces, warehouses, facilities, vehicles and equipment. Our leases have maturity dates ranging from October 2024 to September 2042 . Leases with an initial term of twelve months or less are not recorded on the balance sheet. Operating lease right-of-use (“ROU”) assets are classifie d as property, plant and equipment, net in the condensed consolidated balance sheets. Finance lease ROU assets are classified as other assets in the condensed consolidated balance sheets. Operating lease liabilities are classified as operating lease liabilities, current and operating lease liabilities, non-current. Finance lease liabilities are classified as other current liabilities and other long-term liabilities in the condensed consolidated balance sheets. We incurred $6.8 and $13.8 of rental expense under operating leases for the three months ended September 30, 2024 and 2023, respectively, and $19.2 and $23.6 for the nine months ended September 30, 2024 and 2023, respectively . Certain operating leases contain rent escalation clauses and lease concessions that require additional rental payments in the later years of the term. Rent expense for these types of leases is recognized on a straight-line basis over the minimum lease term. This expense consisted primarily of payments for base rent on building and equipment leases. Payments related to short-term lease costs and taxes and variable service charges on leased properties were immaterial. In addition, we have the right, but no obligation, to renew certain leases for various renewal terms. The following table presents the lease balances within our condensed consolidated balance sheets, weighted average remaining lease term and weighted average discount rates related to our leases: Lease Assets and Liabilities September 30, 2024 December 31, 2023 Assets Operating lease, net $ 81.2 $ 69.1 Finance lease, net 16.0 16.1 Total lease assets $ 97.2 $ 85.2 Liabilities Current: Operating lease liabilities $ 20.4 $ 18.5 Finance lease liabilities 2.3 3.0 Non-current: Operating lease liabilities 61.7 50.7 Finance lease liabilities 14.2 14.2 Total lease liabilities $ 98.6 $ 86.4 Weighted-average remaining lease terms Operating leases 6.3 years 5.1 years Finance leases 7.7 years 7.9 years Weighted-average discount rate Operating leases 7.1% 6.6% Finance leases 6.9% 6.7% Leased assets obtained in exchange for new finance and operating lease liabilities for the nine months ended September 30, 2024 were $0.1 and $20.1, respectively. The following table summarizes future minimum lease payments for non-cancelable operating leases and for finance leases as of September 30, 2024: Finance Operating 2024 $ 0.9 $ 6.2 2025 3.0 23.5 2026 2.7 18.1 2027 2.6 13.2 2028 2.4 11.1 Thereafter (1) 10.3 30.8 Total future minimum lease payments $ 21.9 $ 102.9 Less: Present value discount (5.4) (20.8) Lease liability $ 16.5 $ 82.1 _______________ (1) As of September 30, 2024, future minimum lease payments for non-cancelable operating leases for the period subsequent to 2028 relate to forty-two leased facilities. Lessor Accounting We lease equipment manufactured by Chart as sales-type and operating leases. As of September 30, 2024 and December 31, 2023, our short-term net investment in sales-type leases was $28.2 and $21.4, respectively, and is included in other current assets in our condensed consolidated balance sheets. Our long-term net investment in sales-type leases was $80.6 and $62.1 as of September 30, 2024 and December 31, 2023, respectively, and is included in other assets in our condensed consolidated balance sheets. Operating leases offered by Chart may include early termination options. At the end of a lease, a lessee generally has the option to either extend the lease, purchase the underlying equipment for a fixed price or return it to Chart. The lease agreements clearly define applicable return conditions and remedies for non-compliance to ensure that leased equipment will be in good operating condition upon return. The following table represents sales from sales-type and operating leases: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Sales-type leases $ 11.5 $ 6.0 $ 36.9 $ 25.2 Operating leases 1.7 1.9 4.8 4.2 Total sales from leases $ 13.2 $ 7.9 $ 41.7 $ 29.4 The following table represents scheduled payments for sales-type leases as of September 30, 2024: 2024 $ 6.9 2025 28.6 2026 26.5 2027 20.3 2028 17.3 Thereafter 56.0 Total 155.6 Less: unearned income 46.8 Total $ 108.8 The following table represents the cost of equipment leased to others: September 30, 2024 December 31, 2023 Equipment leased to others, cost $ 4.7 $ 20.6 Less: accumulated depreciation 1.3 4.4 Equipment leased to others, net $ 3.4 $ 16.2

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	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, 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 _______________ (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. 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 Accumulated Gross Accumulated 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) _______________ (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.

Investments

Investments	9 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
Investments	Investments Equity Method Investments The following table presents the activity in equity method investments: Equity Method Investments Balance at December 31, 2023 $ 109.9 Equity in loss of unconsolidated affiliates (2.4) Dividend received from equity method investment (1.6) Foreign currency translation adjustments and other (2.0) Balance at September 30, 2024 $ 103.9 Investments in Equity Securities The following table presents the activity in investments in equity securities: Investment in Equity Securities, Level 1 Investment in Equity Securities, Investments in Equity Securities, All Others (1) Investments Total Balance at December 31, 2023 $ 4.8 $ 6.1 $ 80.3 $ 91.2 New investments — — 13.1 13.1 (Decrease) increase in fair value of investments in equity securities (1.8) 0.9 11.7 10.8 Foreign currency translation adjustments and other — — 1.1 1.1 Balance at September 30, 2024 $ 3.0 $ 7.0 $ 106.2 $ 116.2 _______________ (1) Consists of investments in equity securities without a readily determinable fair value. Such investments are measured at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer. Co-Investment Agreement On September 7, 2021 (the “Closing Date”), we entered into a Co-investment agreement with I Squared Capital (“ISQ”), an infrastructure-focused private equity firm (the “Co-Investment Agreement”), pursuant to which Chart and ISQ have agreed to the following: • In the following circumstances, ISQ shall have the right but not the obligation to require Chart to purchase all (and not less than all) of the shares of Hydrogen Technology & Energy Corporation (“HTEC”) common stock acquired as part of ISQ’s investment described above (the “Put Option”): i. the third anniversary of the Closing Date, ii. the date Chart undergoes a change of control (subject to certain exceptions), iii. the date upon which Chart, during the period from the Closing Date through the third anniversary of the Closing Date, has made certain distributions to its shareholders (including cash or other dividends, or via a spin-off transaction), in excess of $900.0, iv. the date, if any, upon which our leverage ratio exceeds certain thresholds and v. the date, if any, of a bankruptcy event (including certain insolvency-related actions) involving Chart. • In the event that ISQ exercises its Put Option, we shall pay to ISQ an amount in cash in exchange for the HTEC common stock then held by ISQ such that ISQ shall realize the greater of (i) an internal rate of return of 10% and (ii) a multiple on ISQ’s invested capital of 1.65x. • Conversely, at any time after the third anniversary of the Closing Date, we shall have the right to purchase from ISQ up to 20% of the shares of HTEC common stock acquired as part of the ISQ Investment. In exchange for the common stock, we shall pay ISQ the greater of (i) an internal rate of return of 12.5% and (ii) a multiple on ISQ’s invested capital of 1.65x. • In addition, we shall have (i) a right of first offer: if ISQ desires to transfer any of its HTEC common stock to any third party, we shall have the right to first offer provided that upon notice, we shall have the option to make a first offer to purchase the offered interest in cash exclusively and (ii) a right of first refusal: if ISQ desires to sell its HTEC common stock to any third party pursuant to a definitive agreement therewith, we shall have the right of first refusal provided that the purchase consideration paid by Chart to ISQ upon our exercise of such right of first refusal must be equal to 102% of the purchase consideration agreed to be paid by such third party. • The Co-Investment Agreement shall terminate automatically upon the consummation of an initial public offering by HTEC of its common stock. Our equity method investment in HTEC was $77.1 and $82.3 at September 30, 2024 and December 31, 2023, respectively. Accounting Treatment of Put and Call Options We record the Put and Call Options (together “the Options”) at fair value and record any change in fair value through earnings at each reporting period. The fair value of the Options was not material on the Closing Date or at September 30, 2024 and December 31, 2023. Hy24 (f/k/a FiveT Hydrogen Fund and Clean H2 Infra Fund) On April 5, 2021, we were admitted as an anchor investor in Hy24 (the “ Hydrogen Fund

Debt and Credit Arrangements

Debt and Credit Arrangements	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt and Credit Arrangements	Debt and Credit Arrangements Summary of Outstanding Borrowings The following table represents the components of our borrowings: September 30, December 31, Senior secured and senior unsecured notes: Principal amount, senior secured notes due 2030 $ 1,460.0 $ 1,460.0 Principal amount, senior unsecured notes due 2031 510.0 510.0 Unamortized discount (24.4) (26.9) Unamortized debt issuance costs (29.8) (32.9) Senior secured and senior unsecured notes, net of unamortized discount and debt issuance costs 1,915.8 1,910.2 Senior secured revolving credit facilities and term loans: Term loans due March 2030 1,631.0 1,631.0 Senior secured revolving credit facility due April 2029 142.3 102.8 Unamortized discount (32.5) (35.8) Unamortized debt issuance costs (33.4) (32.5) Senior secured revolving credit facility and term loan, net of unamortized discount and debt issuance costs 1,707.4 1,665.5 Convertible notes due November 2024: Principal amount 258.7 258.7 Unamortized debt issuance costs (0.2) (0.9) Convertible notes due November 2024, net of unamortized debt issuance costs 258.5 257.8 Other debt facilities 2.9 1.4 Total debt, net of unamortized debt issuance costs 3,884.6 3,834.9 Less: current maturities (1) 260.7 258.5 Long-term debt $ 3,623.9 $ 3,576.4 _______________ (1) Our convertible notes due November 2024, net of unamortized debt issuance costs, are included in current maturities for both periods presented. Also included in current maturities for the current period is $2.2 of other debt facilities. Senior Secured and Unsecured Notes On December 22, 2022, we completed the issuance and sale of (i) $1,460.0 aggregate principal amount of 7.500% Secured Notes at an issue price of 98.661% and (ii) $510.0 aggregate principal amount of 9.500% Unsecured Notes (together with the Secured Notes, the “Notes”), at an issue price of 97.949%. The Secured Notes mature on January 1, 2030, and the Unsecured Notes mature on January 1, 2031. The effective interest rate on the Secured Notes and Unsecured Notes is 7.8% and 9.9%, respectively, after accounting for original issue discounts and debt issuance costs. The Notes were issued to finance the Howden Acquisition. Net proceeds received from the offering of each series of Notes was deposited in an escrow account and classified as restricted cash. Senior Secured Revolving Credit Facility and Term Loans Senior Secured Revolving Credit Facility Our fifth amended and restated credit agreement dated as of April 8, 2024, as amended (the “Credit Agreement”) provides for a senior secured revolving credit facility (the “SSRCF”). The SSRCF had a borrowing capacity of $1,250.0 and includes sub limits for letters of credit and swingline loans. At September 30, 2024, there were $142.3 in borrowings outstanding under the SSRCF bearing an interest rate of 6.4% ( 6.2% as of December 31, 2023 ) and $275.1 in letters of credit and bank guarantees outstanding supported by the SSRCF. As of September 30, 2024 , we had unused borrowing capacity of $832.6. A portion of borrowings outstanding under the SSRCF are denominated in euros (“EUR Revolver Borrowings”). EUR Revolver Borrowings outstanding were euro 78.0 million (equivalent to $87.3 ) at September 30, 2024 and euro 88.5 million (equivalent to $97.8 ) at December 31, 2023 . Significant financial covenants for the SSRCF include financial maintenance covenants that (i) require the ratio of the amount of Chart and its subsidiaries’ consolidated total net indebtedness to consolidated EBITDA to be less than the Maximum Total Net Leverage Ratio Levels and (ii) require the ratio of the amount of Chart and its subsidiaries’ consolidated EBITDA to consolidated cash interest expense to be greater than the Minimum Interest Coverage Ratio Levels. The SSRCF includes a number of other customary covenants. At September 30, 2024, we were in compliance with all covenants. Term Loans On October 2, 2023, Chart refinanced the remaining aggregate principal amounts of our term loans plus accrued interest in exchange for term loans due March 2030 in the aggregate principal amount of $1,781.0 which matures on March 18, 2030. On December 4, 2023, we voluntarily prepaid a portion of our term loans due March 2030 in the amount of $150.0, which effectively prepaid all equal quarterly installments for the life of the loan, and as of September 30, 2024, the aggregate principal amount of $1,631.0 is due at the March 18, 2030 maturity date. On July 2, 2024, we entered into amendment No. 7 to our Credit Agreement, which among other things reduces the interest rate margins applicable to the term loans due March 2030 by 75 basis points from 2.25% to 1.50% in the case of base rate loans, and from 3.25% to 2.50%, in the case of Secured Overnight Financing Rate (“SOFR”) loans and eliminates the 0.10% SOFR credit spread adjustment with respect to the term loans. As of September 30, 2024, the term loans due March 2030 bore an interest rate of 7.8% (8.7% as of December 31, 2023). The effective interest rate on the term loans due March 2030 is 9.1% after accounting for original issue discount and debt issuance costs. Significant financial covenants and customary events of default for the term loans due March 2030 are substantially identical to those in the SSRCF. 2024 Convertible Notes On November 6, 2017, we issued 1.00% Convertible Senior Subordinated Notes due November 2024 (the “2024 Notes”) in the aggregate principal amount of $258.8, pursuant to an Indenture, dated as of such date (the “Indenture”) and First Supplemental Indenture dated December 31, 2020. The 2024 Notes bear interest at an annual rate of 1.00%, payable on May 15 and November 15 of each year, beginning on May 15, 2018, and will mature on November 15, 2024 unless earlier converted or repurchased. The effective interest rate on the 2024 Notes is 1.4% after accounting for debt issuance costs. The initial conversion rate for the 2024 Notes is 17.0285 shares of common stock (subject to adjustment as provided for in the Indenture) per $1,000 principal amount of the 2024 Notes, which is equal to an initial conversion price of approximately $58.725 per share, representing a conversion premium of approximately 35% above the closing price of our common stock of $43.50 per share on October 31, 2017. For purposes of calculating earnings per share, if the average market price of our common stock exceeds the applicable conversion price during the periods reported, shares contingently issuable under the 2024 Notes will have a dilutive effect with respect to our common stock. Since our closing common stock price of $124.14 at the end of the period exceeded the conversion price of $58.725, the if-converted value exceeded the principal amount of the 2024 Notes by $288.2 at September 30, 2024. As described below, we entered into convertible note hedge transactions, which are expected to reduce the potential dilution with respect to our common stock upon conversion of the 2024 Notes. As of October 1, 2024 and until the close of business on the second scheduled trading day immediately preceding November 15, 2024, holders may convert their 2024 Notes at their option. The $258.7 principal amount of the 2024 Notes is due in November 2024 and was classified as a current liability in the condensed consolidated balance sheets at September 30, 2024 and December 31, 2023. There have been no significant conversions as of the date of this filing. We expect to fund the maturing 2024 Notes with cash on hand and available borrowings under our credit facilities. We expect to pay cash up to the $258.7 aggregate principal amount of the 2024 Notes and settle any excess conversion value in shares of Chart common stock. Convertible Note Hedge and Warrant Transactions Associated with the 2024 Notes In connection with the pricing of the 2024 Notes, we entered into privately negotiated convertible note hedge transactions (the “Note Hedge Transactions”) with certain parties, including affiliates of the initial purchasers of the 2024 Notes (the “Option Counterparties”) which relate to 4.41 shares of our common stock and represents the number of shares of our common stock underlying the 2024 Notes. These Note Hedge Transactions are expected to reduce the potential dilution upon any future conversion of the 2024 Notes to the extent that the market price per share of our common stock exceeds the conversion price of $58.725 per share. We also entered into separate, privately negotiated warrant transactions (the “Warrant Transactions”) with the Option Counterparties to acquire up to 4.41 shares of our common stock. The strike price of the Warrant Transactions will initially be $71.775 per share (subject to adjustment), which is approximately 65% above the last reported sale price of our common stock on October 31, 2017. The Warrant Transactions could have a dilutive effect to our shareholders to the extent that the market price per share of our common stock, as measured under the terms of the Warrant Transactions, exceeds the applicable strike price of the warrants. The Note Hedge Transactions and Warrant Transactions effectively increased the conversion price of the 2024 Notes. Other Debt Facilities In various markets where we do business, we have local credit facilities to meet local working capital demands, fund letters of credit and bank guarantees, and support other short-term cash requirements. The facilities generally have variable interest rates and are denominated in local currency but may, in some cases, facilitate borrowings in multiple currencies. As of September 30, 2024 we had additional capacity of U.S. dollar equivalent $85.2. Certain of our other debt facilities allow us to request bank guarantees and letters of credit. None of these facilities allow revolving credit borrowings. We have letters of credit and bank guarantees outside of our Credit Agreement that totaled U.S. dollar equivalent $160.6 and $134.3 as of September 30, 2024 and December 31, 2023, respectively. Fair Value Disclosures The following table summarizes the carrying values and fair values of our actively quoted debt instruments (1) : September 30, 2024 December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value Term loans due March 2030 $ 1,565.1 $ 1,618.8 $ 1,562.7 $ 1,631.0 Senior secured notes due 2030 1,424.2 1,540.5 1,420.2 1,533.0 Senior unsecured notes due 2031 491.6 556.0 490.0 555.9 Convertible notes due November 2024 258.5 541.3 257.8 605.4 _______________ (1) The debt instruments noted above are actively quoted instruments and, accordingly, their fair values were determined using Level 1 inputs. The carrying amounts of borrowings outstanding on our senior secured revolving credit facility approximate fair value, as interest rates are variable and reflective of market rates (categorized as Level 2 of the fair value hierarchy).

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Shareholders' Equity	Shareholders' Equity Series B Mandatory Convertible Preferred Stock On December 13, 2022, we completed a preferred stock offering, through which Chart issued and sold 8.050 million depositary shares, each representing a 1/20th interest in a share of Chart’s 6.75% Series B Mandatory Convertible Preferred Stock, liquidation preference $1,000.00 per share, par value $0.01 per share (the “Mandatory Convertible Preferred Stock”). The amount issued included 1.050 million depositary shares issued pursuant to the exercise in full of the option granted to the underwriters to purchase additional depositary shares. We received gross proceeds of $402.5 from the issuance of shares less $14.4 of equity issuance costs. We used the proceeds to fund the acquisition of Howden. Dividends. Dividends on the Mandatory Convertible Preferred Stock will be payable on a cumulative basis when, as and if declared at an annual rate of 6.75% on the liquidation value of $1,000 per share. Chart may pay declared dividends in cash or, subject to certain limitations, in shares of common stock, or in any combination of cash and shares of common stock on March 15, June 15, September 15 and December 15 of each year, commencing on March 15, 2023 and ending on, and including, December 15, 2025. We declared and paid $6.8 in dividends for both the three months ended September 30, 2024 and 2023, and $20.4 and $20.5 for the nine months ended September 30, 2024 and 2023, respectively. These dividends were treated as a reduction to income attributable to common shareholders in the computation of earnings per share. Mandatory Conversion. Unless earlier converted, each share of the Mandatory Convertible Preferred Stock will automatically convert on the mandatory conversion date, which is expected to be December 15, 2025, into not less than 7.0520 and not more than 8.4620 shares of common stock per share of Mandatory Convertible Preferred Stock, depending on the applicable market value and subject to certain anti-dilution adjustments. Correspondingly, the conversion rate per depositary share will be not less than 0.3526 and not more than 0.4231 shares of common stock per depositary share. The conversion rate will be determined based on a preceding 20-day volume-weighted-average-price of common stock. The following table illustrates the conversion rate per share of the Mandatory Convertible Preferred Stock, subject to certain anti-dilution adjustments, based on the applicable market value of the common stock: Applicable Market Value of Common Stock Conversion Rate per Share of Mandatory Convertible Preferred Stock Greater than $141.8037 (threshold appreciation price) 7.0520 shares of common stock Equal to or less than $141.8037 but greater than or equal to $118.1754 Between 7.0520 and 8.4620 shares of common stock, determined by dividing $1,000 by the applicable market value Less than $118.1754 (initial price) 8.4620 shares of common stock The following table illustrates the conversion rate per depositary share, subject to certain anti-dilution adjustments, based on the applicable market value of the common stock: Applicable Market Value of Common Stock Conversion Rate per Depositary Share Greater than $141.8037 (threshold appreciation price) 0.3526 shares of common stock Equal to or less than $141.8037 but greater than or equal to $118.1754 Between 0.3526 and 0.4231 shares of common stock, determined by dividing $50 by the applicable market value Less than $118.1754 (initial price) 0.4231 shares of common stock Optional Conversion of the Holder. Other than during a fundamental change conversion period, at any time prior to December 15, 2025, a holder of the Mandatory Convertible Preferred Stock may elect to convert such holder’s shares of Mandatory Convertible Preferred Stock, in whole or in part, at the Minimum Conversion Rate of 7.0520 shares of common stock per share of Mandatory Convertible Preferred Stock (equivalent to 0.3526 shares of common stock per depositary share), subject to certain anti-dilution and other adjustments. Because each depositary share represents a 1/20th fractional interest in a share of Mandatory Convertible Preferred Stock, a holder of depositary shares may convert its depositary shares only in lots of 20 depositary shares. Fundamental Change Conversion. If a fundamental change occurs on or prior to December 15, 2025, holders of the Mandatory Convertible Preferred Stock will have the right to convert their shares of Mandatory Convertible Preferred Stock, in whole or in part, into shares of common stock at the fundamental change conversion rate during the period beginning on, and including, the effective date of such fundamental change and ending on, and including, the earlier of (a) the date that is 20 calendar days after such effective date (or, if later, the date that is 20 calendar days after holders receive notice of such fundamental change) and (b) December 15, 2025. Holders who convert shares of the Mandatory Convertible Preferred Stock during that period will also receive a make-whole dividend amount comprised of a fundamental change dividend make-whole amount, and to the extent there is any, the accumulated dividend amount. Because each depositary share represents a 1/20th fractional interest in a share of the Series B Preferred Stock, a holder of depositary shares may convert its depositary shares upon a fundamental change only in lots of 20 depositary shares. Ranking. The Mandatory Convertible Preferred Stock, with respect to anticipated dividends and distributions upon Chart’s liquidation or dissolution, or winding-up of Chart’s affairs, ranks or will rank: • senior to our common stock and each other class or series of capital stock issued after the initial issue date of the Mandatory Convertible Preferred Stock, the terms of which do not expressly provide that such capital stock ranks either senior to the Mandatory Convertible Preferred Stock or on a parity with Mandatory Convertible Preferred Stock; • equal with any class or series of capital stock issued after the initial issue date the terms of which expressly provide that such capital stock will rank equal with the Mandatory Convertible Preferred Stock; • junior to the Series A Preferred Stock, if issued, and each other class or series of capital stock issued after the initial issue date that is expressly made senior to the Mandatory Convertible Preferred Stock; • junior to our existing and future indebtedness; and • structurally subordinated to any existing and future indebtedness of our subsidiaries as well as the capital stock of our subsidiaries held by third parties. Voting Rights. Holders of Mandatory Convertible Preferred Stock generally will not have voting rights. Whenever dividends on shares of Mandatory Convertible Preferred Stock have not been declared and paid for six or more dividend periods (including, for the avoidance of doubt, the dividend period beginning on, and including, the initial issue date and ending on, but excluding, March 15, 2023), whether or not for consecutive dividend periods, the holders of such shares of Mandatory Convertible Preferred Stock, voting together as a single class with holders of all other series of voting preferred stock of equal rank, then outstanding, will be entitled at our next annual or special meeting of shareholders to vote for the election of a total of two additional members of our board of directors, subject to certain limitations. This right will terminate if and when all accumulated and unpaid dividends have been paid in full, or declared and a sum sufficient for such payment shall have been set aside. Upon such termination, the term of office of each preferred stock director so elected will terminate at such time and the number of directors on our board of directors will automatically decrease by two, subject to the revesting of such rights in the event of each subsequent nonpayment. Embedded Derivatives. There are no material embedded derivatives that meet the criteria for bifurcation and separate accounting pursuant to ASC 815-15, Embedded Derivatives.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Derivatives and Hedging We utilize a combination of cross-currency swaps and foreign exchange collars (together the “Foreign Exchange Collar Contracts”) as a net investment hedge of a portion of our investments in certain international subsidiaries that use the euro as their functional currency in order to reduce the volatility caused by changes in exchange rates. As a result of our acquisition of Howden, we are also a party to foreign currency contracts not designated as hedging instruments (the “Foreign Currency Contracts”) which are used to mitigate the risk associated with cash management activities and customer forward sale agreements denominated in currencies other than the applicable local currency, and to match costs and expected revenues where production facilities have a different currency than the selling currency. Our Foreign Currency Contracts are measured at fair value with changes in fair value recorded within other expense, net. We classify cash flows related to our Foreign Currency Contracts as operating activities within our condensed consolidated statements of cash flows. Our derivative contracts are entered into with major financial institutions in order to reduce credit risk and risk of nonperformance by third parties. We believe the credit risks with respect to the counterparties, and the foreign currency risks that would not be hedged if the counterparties fail to fulfill their obligations under the contract, are not material in view of our understanding of the financial strength of the counterparties. Our derivative contracts are not exchange traded instruments and their fair value is determined using the cash flows of the contracts, discount rates to account for the passage of time, implied volatility, current foreign exchange market data and credit risk, which are all based on inputs readily available in public markets and categorized as Level 2 fair value hierarchy measurements. The following table represents the fair value of our asset and liability derivatives: September 30, 2024 Notional Fair Value Fair Value Fair Value Other Fair Value Other Derivatives designated as net investment hedge Foreign Exchange Collar Contracts (1) $ 323.7 $ — $ — $ — $ 8.4 Derivatives not designated as hedges Foreign Currency Contracts $ 540.3 $ 6.1 $ 0.3 $ 2.6 $ 0.1 December 31, 2023 Notional Fair Value Fair Value Fair Value Other Fair Value Other Derivatives designated as net investment hedge Foreign Exchange Collar Contracts (1) $ 320.8 $ — $ — $ — $ 6.0 Derivatives not designated as hedges Foreign Currency Contracts $ 393.5 $ 1.8 $ 0.1 $ 2.7 $ — _________ (1) Represents foreign exchange swaps and foreign exchange options. The following table represents the net effect derivative instruments designated in hedging relationships had on accumulated other comprehensive (loss) income on the condensed consolidated statements of operations and comprehensive income (loss): Three Months Ended September 30, Nine Months Ended September 30, Derivatives designated as net investment hedge 2024 2023 2024 2023 Foreign Exchange Collar Contracts (1) (2) $ (1.8) $ (0.4) $ (1.8) $ 1.1 _______________ (1) Our designated derivative instruments are highly effective. As such, there were no gains or losses recognized immediately in income related to hedge ineffectiveness during the nine months ended September 30, 2024 and 2023. (2) Represents foreign exchange swaps and foreign exchange options. The following table represents the effect that derivative instruments not designated as hedges had on net income: Three Months Ended September 30, Nine Months Ended September 30, Derivatives not designated as hedges Location of gain recognized in income 2024 2023 2024 2023 Foreign Currency Contracts Other expense, net $ (7.0) $ (1.8) $ (3.2) $ (1.3) The following table represents interest income, included within interest expense, net on the condensed consolidated statements of operations and comprehensive income (loss) related to amounts excluded from the assessment of hedge effectiveness for derivative instruments designated as net investment hedges: Three Months Ended September 30, Nine Months Ended September 30, Derivatives designated as net investment hedge 2024 2023 2024 2023 Foreign Exchange Collar Contracts (1) (2) $ (2.0) $ 0.4 $ (1.2) $ 1.2 _______________ (1) Represents amount excluded from effectiveness testing. Our Foreign Exchange Collar Contracts are designated with terms based on the spot rate of the euro. Future changes in the components related to the spot change on the notional will be recorded in other comprehensive income and remain there until the hedged subsidiaries are substantially liquidated. All coupon payments are classified in interest expense, net in the condensed consolidated statements of operations and comprehensive income (loss), and the initial value of excluded components currently recorded in accumulated other comprehensive loss as a foreign currency translation adjustment are amortized to interest expense, net over the remaining term of the Foreign Exchange Contract. (2) Represents foreign exchange swaps and foreign exchange options.

Product Warranties

Product Warranties	9 Months Ended
	Sep. 30, 2024
Product Warranties Disclosures [Abstract]
Product Warranties	Product Warranties We provide product warranties with varying terms and durations for the majority of our products. We estimate our warranty reserve by considering historical and projected warranty claims, historical and projected cost-per-claim, and knowledge of specific product issues that are outside our typical experience. Total warranty reserve at September 30, 2024 and December 31, 2023, was $18.3 and $31.8, respectively. Product warranty usage, expense and changes in estimates, was 13.5 for the nine months ended September 30, 2024. Product warranty claims not expected to occur within one year are included as part of other long-term liabilities in the unaudited condensed consolidated balance sheets.

Business Combinations

Business Combinations	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Combinations	Business Combinations Howden Acquisition On March 17, 2023 we completed the Howden Acquisition pursuant to the previously disclosed Equity Purchase Agreement dated as of November 9, 2022. The acquisition purchase price was $4,387.4. We financed the purchase price for the Howden Acquisition with proceeds from borrowings under our SSRCF, Amendment No. 3 Term Loan, common and preferred stock issuance and a private offering of Secured Notes and Unsecured Notes. See Note 9, “Debt and Credit Arrangements,” for more information. The following table shows the purchase price in accordance with ASC 805: Description Cash consideration to seller $ 2,788.3 Howden's debt settled at close 1,529.0 Settlement of seller transaction costs 67.2 Funds held in escrow 20.4 Working capital adjustment (17.5) Total ASC 805 purchase price $ 4,387.4 Howden is a leading global provider of mission critical air and gas handling products providing service and support to customers around the world in highly diversified end markets and geographies. The combination of Chart and Howden is complementary and furthers our global leadership position in highly engineered process technologies and products serving the Nexus of Clean™ – clean power, clean water, clean food and clean industrials. We estimated the fair value of acquired developed technology and trade names using the relief from royalty method. The fair values of acquired customer backlog and customer relationships were estimated using the multi-period excess earnings method. Under both the relief from royalty and multi-period excess earnings methods, the fair value models incorporated estimates of future cash flows, estimates of allocations of certain assets and cash flows, estimates of future growth rates, and management’s judgment regarding the applicable discount rates to use to discount such estimates of cash flows. The excess of the purchase price over the estimated fair values is assigned to goodwill. The estimated goodwill was established due to expected cost synergies, anticipated growth of new customers, and expansion of equipment portfolio and process technology offerings. Goodwill recorded for the Howden Acquisition is not expected to be deductible for tax purposes. The estimated fair values of the assets acquired and liabilities assumed disclosed in this note are inclusive of businesses identified to be sold as of the acquisition date. On August 18, 2023, we completed the sale of our Roots business, which we acquired as part of the Howden Acquisition. We have categorized the assets and liabilities of these discontinued operations on separate lines in the table below. Refer to Note 2, “Discontinued Operations and Other Businesses Sold” for further information. The purchase price allocation reported at December 31, 2023 was preliminary and was based on provisional fair values. During the first quarter 2024, we received and analyzed new information about certain assets and liabilities, as of the March 17, 2023 acquisition date and subsequently decreased current assets by $10.4, increased current liabilities by $40.1, and decreased long-term deferred tax liabilities by $8.2 for post-closing adjustments, based on this information. During the first quarter of 2024, we finalized the Howden purchase price allocation. The following table summarizes the fair values of the assets acquired and liabilities assumed in the Howden Acquisition as of the acquisition date: Fair Value Net assets acquired: Cash and cash equivalents $ 62.5 Restricted cash 2.6 Accounts receivable 422.7 Inventories 256.8 Unbilled contract revenue 167.8 Prepaid expenses 51.9 Other current assets 101.4 Assets held for sale 225.7 Property, plant and equipment 325.1 Identifiable intangible assets 2,434.5 Equity method investments 12.0 Other assets 117.3 Accounts payable (385.7) Customer advances and billings in excess of contract revenue (233.2) Accrued salaries, wages and benefits (103.3) Accrued income taxes (34.0) Current portion of warranty reserve (38.5) Current portion of long-term debt (1.4) Other current liabilities (158.8) Liabilities held for sale (43.9) Long-term deferred tax liabilities (663.6) Operating lease liabilities (52.3) Finance lease liabilities (8.1) Accrued pension liabilities (6.0) Other long-term liabilities (45.7) Total identifiable net assets assumed 2,405.8 Noncontrolling interest (1) (146.3) Goodwill (2) 2,127.9 Net assets acquired $ 4,387.4 Assets acquired net of cash, cash equivalents and restricted cash $ 4,322.3 _______________ (1) As part of the Howden Acquisition, we acquired 82% of Howden Hua Engineering Co., Ltd, an entity based in China. The noncontrolling interest was valued at $146.0. (2) Includes $102.2 and $49.7 allocated to the Roots and American Fan divestitures, respectively. The following table summarizes information regarding identifiable intangible assets acquired in the Howden Acquisition: Estimated Useful Lives Fair Value Finite-lived intangible assets acquired: Customer relationships 18 years $ 1,533.0 Backlog 3 years 135.0 Technology 5 to 14 years 296.0 Total finite-lived intangible assets acquired 1,964.0 Indefinite-lived intangible assets acquired: Trade names 470.5 Total intangible assets acquired $ 2,434.5 As part of the Howden Acquisition, we acquired defined benefit pension plans, which are predominately in Germany. As a result, we assumed pension assets of $38.7 and pension liabilities of $41.1, a net $2.4 liability. As defined in Note 2, “Significant Accounting Policies” of our Annual Report on Form 10-K for the year ended December 31, 2023, we allocated the acquisition consideration to tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values as of the acquisition date. The fair value of the acquired tangible and identifiable intangible assets was determined based on inputs that are unobservable and significant to the overall fair value measurement. The fair value is based on estimates and assumptions made by management at the time of the acquisition. As such, the acquisitions are classified as Level 3 fair value hierarchy measurements and disclosures.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The components of accumulated other comprehensive income are as follows: Foreign currency translation adjustments (1) Pension liability adjustments, net of taxes Accumulated other comprehensive (loss) income Balance at June 30, 2024 $ (87.5) $ (2.5) $ (90.0) Other comprehensive income before reclassifications, net of taxes 155.8 — 155.8 Amounts reclassified from accumulated other comprehensive loss, net of income taxes — 0.1 0.1 Net current-period other comprehensive income, net of taxes 155.8 0.1 155.9 Balance at September 30, 2024 $ 68.3 $ (2.4) $ 65.9 Foreign currency translation adjustments (1) Pension liability adjustments, net of taxes Accumulated other comprehensive loss Balance at June 30, 2023 $ (48.2) $ (7.2) $ (55.4) Other comprehensive loss before reclassifications, net of taxes (48.1) — (48.1) Amounts reclassified from accumulated other comprehensive loss, net of taxes — 0.2 0.2 Net current-period other comprehensive (loss) income, net of taxes (48.1) 0.2 (47.9) Balance at September 30, 2023 $ (96.3) $ (7.0) $ (103.3) Foreign currency translation adjustments (1) Pension liability adjustments, net of taxes Accumulated other comprehensive income Balance at December 31, 2023 $ 13.2 $ (2.4) $ 10.8 Other comprehensive income before reclassifications, net of taxes 55.1 — 55.1 Amounts reclassified from accumulated other comprehensive income, net of taxes — — — Net current-period other comprehensive income, net of taxes 55.1 — 55.1 Balance at September 30, 2024 $ 68.3 $ (2.4) $ 65.9 Foreign currency translation adjustments (1) Pension liability adjustments, net of taxes Accumulated other comprehensive loss Balance at December 31, 2022 $ (50.5) $ (7.5) $ (58.0) Other comprehensive loss before reclassifications, net of taxes (45.8) — (45.8) Amounts reclassified from accumulated other comprehensive loss, net of taxes — 0.5 0.5 Net current-period other comprehensive (loss) income, net of taxes (45.8) 0.5 (45.3) Balance at September 30, 2023 $ (96.3) $ (7.0) $ (103.3) _______________ (1) Foreign currency translation adjustments includes translation adjustments and net investment hedge, net of taxes. See Note 11, “Derivative Financial Instruments,” for further information related to the net investment hedge.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table represents calculations of net earnings per share of common stock: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Amounts attributable to Chart common shareholders Income from continuing operations $ 69.4 $ 9.4 $ 141.7 $ 0.1 Less: Mandatory convertible preferred stock dividend requirement 6.8 6.8 20.4 20.5 Income (loss) from continuing operations attributable to Chart 62.6 2.6 121.3 (20.4) Loss from discontinued operations, net of tax (0.4) (6.0) (2.8) (2.6) Net income (loss) attributable to Chart common shareholders 62.2 (3.4) 118.5 (23.0) Earnings per common share – basic: Income (loss) from continuing operations $ 1.49 $ 0.06 $ 2.89 $ (0.49) Loss from discontinued operations (0.01) (0.14) (0.07) (0.06) Net income (loss) attributable to Chart Industries, Inc. $ 1.48 $ (0.08) $ 2.82 $ (0.55) Earnings per common share – diluted: Income (loss) from continuing operations $ 1.34 $ 0.05 $ 2.59 $ (0.49) Loss from discontinued operations (0.01) (0.12) (0.06) (0.06) Net income (loss) attributable to Chart Industries, Inc. $ 1.33 $ (0.07) $ 2.53 $ (0.55) Weighted average number of common shares outstanding – basic 42.05 41.98 42.04 41.96 Incremental shares issuable upon assumed conversion and exercise of share-based awards (1) 0.19 0.24 0.19 — Incremental shares issuable due to dilutive effect of convertible notes (1) (2) 2.43 2.86 2.54 — Incremental shares issuable due to dilutive effect of the warrants (1) 2.00 2.53 2.12 — Weighted average number of common shares outstanding – diluted 46.67 47.61 46.89 41.96 _______________ (1) Zero incremental shares from share-based awards, convertible notes or the warrants are included in the computation of diluted net loss per share for periods in which a net loss from continuing operations attributable to Chart because to do so would be anti-dilutive. This is applicable for the nine months ended September 30, 2023. (2) The convertible note hedge offsets any dilution upon actual conversion of the 2024 Notes up to a common stock price of $71.775 per share. The hedge cannot be taken into account under U.S. GAAP because it is anti-dilutive. If the hedge could have been considered, it would have reduced the diluted shares by 2.43 and 2.86 for the three months ended September 30, 2024 and 2023, respectively, and by 2.54 for the nine months ended September 30, 2024. For further information, refer to Note 9, “Debt and Credit Arrangements.” Diluted earnings per share does not reflect the following cumulative preferred stock dividends and potential common shares as the effect would be anti-dilutive: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Numerator Mandatory convertible preferred stock dividend requirement (1) $ 6.8 $ 6.8 $ 20.4 $ 20.5 Denominator Anti-dilutive shares, Share-based awards 0.14 0.03 0.14 0.48 Anti-dilutive shares, Convertible notes — — — 4.41 Anti-dilutive shares, Warrants — — — 4.41 Anti-dilutive shares, Mandatory convertible preferred stock (1) 3.07 2.84 2.97 3.41 Total anti-dilutive securities 3.21 2.87 3.11 12.71 _______________ (1) We calculate the basic and diluted earnings per share based on net income, which approximates income available to common shareholders for each period. Earnings per share is calculated using the two-class method, which is an earnings allocation formula that determines the earnings per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. The Series B Mandatory Convertible Preferred Stock and the 2024 Convertible Notes are participating securities. Undistributed earnings are not allocated to the participating securities because the participation features are discretionary. Net losses are not allocated to the Series B Mandatory Convertible Preferred Stock, as it does not have a contractual obligation to share in the losses of Chart. Basic net income per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted net income per common share is computed by dividing net income available to common shareholders by the sum of the weighted average number of common shares outstanding and any dilutive non-participating securities for the period.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense relating to continuing operations of $26.6 and $0.1 for the three months ended September 30, 2024 and 2023, respectively, represents taxes on both U.S. and foreign earnings at a combined effective income tax rate of 26.5% and 1.0%, respectively. Income tax expense (benefit) relating to continuing operations of $50.9 and $(4.2) for the nine months ended September 30, 2024 and 2023, respectively, represents taxes on both U.S. and foreign earnings at a combined effective income tax rate of 24.7% and 840.0%, respectively. The effective income tax rates of 26.5% and 24.7% for the three and nine months ended September 30, 2024, respectively, differed from the U.S. federal statutory rate of 21% primarily due to income earned by certain of our foreign entities being taxed at higher rates than the U.S. federal statutory rate and withholding taxes on foreign earnings not permanently reinvested offset by the U.S. impact of foreign operations and research and development credits.

Share-based Compensation

Share-based Compensation	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Share-based Compensation	Share-based Compensation During the nine months ended September 30, 2024, we granted 0.07 stock options, 0.09 restricted stock units and 0.04 performance units. The total fair value of awards granted to employees during the nine months ended September 30, 2024 was $20.8. In addition, our non-employee directors received stock awards with a total fair value of $1.1. Stock options generally have a four-year graded vesting period. Restricted stock and restricted stock units generally vest ratably over a three-year period. Performance units generally vest at the end of a three-year performance period based on the attainment of certain pre-determined performance condition targets. During the nine months ended September 30, 2024, 0.06 restricted stock and restricted stock units vested, and 0.02 performance units vested. Share-based compensation expense wa s $4.2 and $2.6 for the three months ended September 30, 2024 and 2023, respectively, and $14.3 and $9.2 for the nine months ended September 30, 2024 and 2023, respectively. Share-based compensation expense is included in selling, general and administrative expenses in the unaudited condensed consolidated statements of operations and comprehensive income (loss). As of September 30, 2024, total share-based compensation of $22.0 is expected to be recognized over the weighted-average period of approximately 2.0 years.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Environmental We are subject to federal, state, local, and foreign environmental laws and regulations concerning, among other matters, waste water effluents, air emissions, and handling and disposal of hazardous materials, such as cleaning fluids. We are involved with environmental compliance, investigation, monitoring, and remediation activities at certain of our owned and formerly owned manufacturing facilities and at one owned facility that is leased to a third party, and, except for these continuing remediation efforts, believe we are currently in substantial compliance with all known environmental regulations. Undiscounted accrued environmental reserves at both September 30, 2024 and December 31, 2023 were not material. Legal Proceedings We are occasionally subject to various legal claims related to performance under contracts, product liability, taxes, employment matters, environmental matters, intellectual property, and other matters incidental to the normal course of our business. Based on our historical experience in litigating these claims, as well as our current assessment of the underlying merits of the claims and applicable insurance, if any, management believes that the final resolution of these matters will not have a material adverse effect on our financial position, liquidity, cash flows, or results of operations, except that our results of operations for any particular reporting period may be adversely affected by any potential or actual loss that is accrued in such period. Future developments may, however, result in resolution of these legal claims in a way that could have a material adverse effect.

Restructuring Activities

Restructuring Activities	9 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring Activities	Restructuring Activities Restructuring costs of $1.7 and $11.1 for the three and nine months ended September 30, 2024, respectively, were primarily related to cost reduction actions relative to Howden integration. Restructuring costs of $4.2 and $11.2 for the three and nine months ended September 30, 2023, respectively, were also primarily related to cost reduction actions relative to Howden integration . We closely monitor our end markets and order rates and continue to take appropriate and timely actions as necessary. The following table summarizes severance and other restructuring costs, which includes employee-related costs, facility rent and exit costs, relocation, recruiting, travel and other: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Severance and other restructuring: Cost of sales $ — $ 0.2 $ 0.7 $ 0.2 Selling, general and administrative expenses 1.7 4.0 10.4 11.0 Total severance and other restructuring costs $ 1.7 $ 4.2 $ 11.1 $ 11.2 The following table summarizes restructuring costs by reportable segment: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Cryo Tank Solutions $ 0.3 $ 0.1 $ 1.4 $ 1.2 Heat Transfer Systems 0.2 0.5 1.1 0.7 Specialty Products 0.3 0.4 2.8 0.9 Repair, Service & Leasing 0.7 0.9 4.9 2.4 Corporate 0.2 2.3 0.9 6.0 Total restructuring costs $ 1.7 $ 4.2 $ 11.1 $ 11.2 The following tables summarize our restructuring activities: Balance at June 30, 2024 $ 5.2 Restructuring charges 1.7 Cash payments and other (4.0) Balance at September 30, 2024 $ 2.9 Balance at June 30, 2023 $ 3.8 Restructuring charges 4.2 Cash payments and other (5.6) Balance at September 30, 2023 $ 2.4 Balance at December 31, 2023 $ 1.9 Restructuring charges 11.1 Cash payments and other (10.1) Balance at September 30, 2024 $ 2.9 Balance at December 31, 2022 $ 0.2 Restructuring charges 11.2 Cash payments and other (9.0) Balance at September 30, 2023 $ 2.4

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 69	$ 3.4	$ 138.9	$ (2.5)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Preparation (Policies)

Basis of Preparation (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation: The unaudited condensed consolidated financial statements include the accounts of Chart Industries, Inc. and its subsidiaries. Intercompany accounts and transactions are eliminated in consolidation.
Use of Estimates	Use of Estimates: The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. These estimates may also affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions, based on a number of factors including the current macroeconomic conditions such as inflation and supply chain disruptions, as well as risks set forth in our Annual Report on Form 10-K.
Reclassifications	Reclassifications: Certain amounts have been reclassified within the condensed consolidated statement of cash flows for the nine months ended September 30, 2023 to conform with the current period presentation.
Recently Issued Accounting Standards (Not Yet Adopted) and Recently Adopted Accounting Standards	Recently Issued Accounting Standards (Not Yet Adopted): In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” The amendments in this update enhance the transparency and decision usefulness of income tax disclosures. This update enhances the rate reconciliation by requiring an entity to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. The update also requires an entity to disclose on an annual basis enhanced information about income taxes paid, income from continuing operations before income tax expense (or benefit) disaggregated between domestic and foreign, and income tax expense (or benefit) from continuing operations disaggregated by federal (national), state, and foreign. The amendments in this update are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. We are currently assessing the effect this ASU will have on our disclosures. In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this update improve reportable segment disclosure requirements through enhanced disclosures about significant segment expenses. Among other things, this update requires an entity to disclose significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss. The update also requires entities to disclose other segment items, provide all annual disclosures about a reportable segment’s profit and loss and assets currently required by this Topic in interim periods, disclose the title and position of our CODM, and an explanation of how the CODM uses the reported measures of segment profit or loss in assessing segment performance and deciding how to allocate resources. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. We expect this ASU to result in expanded disclosure of segment financial information, with no impact on our financial position and results of operations. Recently Adopted Accounting Standards: In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.” The amendments in this update clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the security and, therefore, is not considered in measuring fair value. The amendments also clarify that an entity cannot recognize and measure a contractual sale restriction and adds additional disclosures for equity securities subject to contractual sale restrictions. We adopted this guidance effective January 1, 2024. The adoption of this guidance did not have an impact on our financial position, results of operations, and disclosures.

Discontinued Operations and O_2

Discontinued Operations and Other Businesses Sold (Tables)	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Summarized Financial Information of Discontinued Operations	The following table represents (loss) income from discontinued operations, net of tax: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Sales $ — $ 17.5 $ — $ 58.8 Cost of sales — 15.4 — 41.4 Gross profit — 2.1 — 17.4 Selling, general and administrative expenses 0.5 2.1 1.0 6.9 Operating (loss) income (0.5) — (1.0) 10.5 Other expenses: Other expense, net — 3.0 — 9.0 (Loss) income before income taxes (0.5) (3.0) (1.0) 1.5 Income tax (benefit) expense (0.1) 0.5 (0.2) 1.6 Loss from discontinued operations before loss on sale of business (0.4) (3.5) (0.8) (0.1) Loss on sale of business, net of $0.0, $7.5, $0.5 and $7.5 of taxes (1) (2) — 2.5 2.0 2.5 Loss from discontinued operations, net of tax $ (0.4) $ (6.0) $ (2.8) $ (2.6) ___________ (1) The loss on sale of the Roots business was $0.0 and $2.5 before taxes for the three and nine months ended September 30, 2024, respectively . (2) The gain on sale of the Roots business was $5.0 before taxes for both the three and nine months ended September 30, 2023 .

Reportable Segments (Tables)

Reportable Segments (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Reportable and Product Sales Information Segments	Segment Financial Information Three Months Ended September 30, 2024 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Corporate Consolidated Sales $ 162.5 $ 256.2 $ 283.3 $ 360.5 $ — $ — $ 1,062.5 Depreciation and amortization expense 5.7 8.9 7.0 43.5 — 3.0 68.1 Operating income (loss) 23.5 61.3 41.9 102.0 — (50.2) 178.5 Three Months Ended September 30, 2023 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Corporate Consolidated Sales $ 159.0 $ 232.5 $ 240.0 $ 271.3 $ (4.9) $ — $ 897.9 Depreciation and amortization expense 7.8 7.4 5.7 45.1 — 1.0 67.0 Operating income (loss) 17.1 43.4 33.7 42.3 — (32.1) 104.4 Nine Months Ended September 30, 2024 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Corporate Consolidated Sales $ 487.7 $ 746.5 $ 797.4 $ 1,022.0 $ (0.1) $ — $ 3,053.5 Depreciation and amortization expense 16.5 27.2 20.9 129.4 — 6.0 200.0 Operating income (loss) 53.5 157.6 122.0 265.1 — (139.0) 459.2 Nine Months Ended September 30, 2023 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Corporate Consolidated Sales $ 435.2 $ 636.0 $ 602.9 $ 688.5 $ (25.1) $ — $ 2,337.5 Depreciation and amortization expense 17.2 24.6 17.9 100.8 — 2.7 163.2 Operating income (loss) 31.9 120.5 84.6 121.0 — (123.3) 234.7 Sales by Geography Net sales by geographic area are reported by the destination of sales. Three Months Ended September 30, 2024 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated North America $ 71.4 $ 140.4 $ 111.3 $ 142.7 $ — $ 465.8 Europe, Middle East, Africa and India 48.7 53.6 84.4 139.2 — 325.9 Asia-Pacific 40.3 59.8 84.4 58.4 — 242.9 Rest of the World 2.1 2.4 3.2 20.2 — 27.9 Total $ 162.5 $ 256.2 $ 283.3 $ 360.5 $ — $ 1,062.5 Three Months Ended September 30, 2023 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated North America $ 71.3 $ 150.6 $ 84.2 $ 78.5 $ (2.0) $ 382.6 Europe, Middle East, Africa and India 52.7 31.0 68.0 130.2 (1.7) 280.2 Asia-Pacific 33.5 46.7 83.2 52.5 (1.1) 214.8 Rest of the World 1.5 4.2 4.6 10.1 (0.1) 20.3 Total $ 159.0 $ 232.5 $ 240.0 $ 271.3 $ (4.9) $ 897.9 Nine Months Ended September 30, 2024 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated North America $ 225.7 $ 422.8 $ 313.2 $ 410.2 $ — $ 1,371.9 Europe, Middle East, Africa and India 152.7 137.5 227.5 399.4 — 917.1 Asia-Pacific 98.4 168.0 244.1 164.4 (0.1) 674.8 Rest of the World 10.9 18.2 12.6 48.0 — 89.7 Total $ 487.7 $ 746.5 $ 797.4 $ 1,022.0 $ (0.1) $ 3,053.5 Nine Months Ended September 30, 2023 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated North America $ 198.5 $ 432.9 $ 238.1 $ 224.9 $ (11.2) $ 1,083.2 Europe, Middle East, Africa and India 148.7 76.8 170.2 305.0 (8.7) 692.0 Asia-Pacific 84.1 111.7 183.3 133.8 (4.8) 508.1 Rest of the World 3.9 14.6 11.3 24.8 (0.4) 54.2 Total $ 435.2 $ 636.0 $ 602.9 $ 688.5 $ (25.1) $ 2,337.5
Schedule of Segment Assets	September 30, December 31, Cryo Tank Solutions $ 668.9 $ 706.1 Heat Transfer Systems 642.7 560.7 Specialty Products 915.5 647.8 Repair, Service & Leasing 936.8 950.1 Total assets of reportable segments 3,163.9 2,864.7 Goodwill 2,987.7 2,906.8 Identifiable intangible assets, net 2,660.4 2,791.9 Corporate 686.4 539.0 Total $ 9,498.4 $ 9,102.4

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue by Timing	The following tables represent a disaggregation of revenue by timing of revenue along with the reportable segment for each category: Three Months Ended September 30, 2024 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated Point in time $ 83.6 $ 5.5 $ 54.9 $ 209.7 $ — $ 353.7 Over time 78.9 250.7 228.4 150.8 — 708.8 Total $ 162.5 $ 256.2 $ 283.3 $ 360.5 $ — $ 1,062.5 Three Months Ended September 30, 2023 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated Point in time $ 108.3 $ 16.5 $ 62.1 $ 152.6 $ (2.5) $ 337.0 Over time 50.7 216.0 177.9 118.7 (2.4) 560.9 Total $ 159.0 $ 232.5 $ 240.0 $ 271.3 $ (4.9) $ 897.9 Nine Months Ended September 30, 2024 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated Point in time $ 285.2 $ 26.9 $ 202.4 $ 613.5 $ — $ 1,128.0 Over time 202.5 719.6 595.0 408.5 (0.1) 1,925.5 Total $ 487.7 $ 746.5 $ 797.4 $ 1,022.0 $ (0.1) $ 3,053.5 Nine Months Ended September 30, 2023 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Consolidated Point in time $ 295.1 $ 48.5 $ 123.6 $ 408.7 $ (15.2) $ 860.7 Over time 140.1 587.5 479.3 279.8 (9.9) 1,476.8 Total $ 435.2 $ 636.0 $ 602.9 $ 688.5 $ (25.1) $ 2,337.5
Schedule of Changes in Contract Assets and Contract Liabilities Balances	The following table presents our contract assets and contract liabilities balances: September 30, 2024 December 31, 2023 Contract assets Accounts receivable, net of allowances $ 805.6 $ 758.9 Unbilled contract revenue 680.2 481.7 Contract liabilities Customer advances and billings in excess of contract revenue $ 366.0 $ 376.6

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Components of Inventory	The following table summarizes the components of inventory: September 30, December 31, Raw materials and supplies $ 287.3 $ 274.8 Work in process 125.5 155.4 Finished goods 126.6 146.1 Total inventories, net $ 539.4 $ 576.3

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Schedule of Lease, Cost	The following table presents the lease balances within our condensed consolidated balance sheets, weighted average remaining lease term and weighted average discount rates related to our leases: Lease Assets and Liabilities September 30, 2024 December 31, 2023 Assets Operating lease, net $ 81.2 $ 69.1 Finance lease, net 16.0 16.1 Total lease assets $ 97.2 $ 85.2 Liabilities Current: Operating lease liabilities $ 20.4 $ 18.5 Finance lease liabilities 2.3 3.0 Non-current: Operating lease liabilities 61.7 50.7 Finance lease liabilities 14.2 14.2 Total lease liabilities $ 98.6 $ 86.4 Weighted-average remaining lease terms Operating leases 6.3 years 5.1 years Finance leases 7.7 years 7.9 years Weighted-average discount rate Operating leases 7.1% 6.6% Finance leases 6.9% 6.7%
Schedule of Operating Lease Future Minimum Payments	The following table summarizes future minimum lease payments for non-cancelable operating leases and for finance leases as of September 30, 2024: Finance Operating 2024 $ 0.9 $ 6.2 2025 3.0 23.5 2026 2.7 18.1 2027 2.6 13.2 2028 2.4 11.1 Thereafter (1) 10.3 30.8 Total future minimum lease payments $ 21.9 $ 102.9 Less: Present value discount (5.4) (20.8) Lease liability $ 16.5 $ 82.1 _______________ (1) As of September 30, 2024, future minimum lease payments for non-cancelable operating leases for the period subsequent to 2028 relate to forty-two leased facilities.
Schedule of Finance Lease Future Minimum Payments	The following table summarizes future minimum lease payments for non-cancelable operating leases and for finance leases as of September 30, 2024: Finance Operating 2024 $ 0.9 $ 6.2 2025 3.0 23.5 2026 2.7 18.1 2027 2.6 13.2 2028 2.4 11.1 Thereafter (1) 10.3 30.8 Total future minimum lease payments $ 21.9 $ 102.9 Less: Present value discount (5.4) (20.8) Lease liability $ 16.5 $ 82.1 _______________ (1) As of September 30, 2024, future minimum lease payments for non-cancelable operating leases for the period subsequent to 2028 relate to forty-two leased facilities.
Schedule of Sales from Sales-type and Operating Leases	The following table represents sales from sales-type and operating leases: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Sales-type leases $ 11.5 $ 6.0 $ 36.9 $ 25.2 Operating leases 1.7 1.9 4.8 4.2 Total sales from leases $ 13.2 $ 7.9 $ 41.7 $ 29.4
Schedule of Operating Lease, Lease Income	The following table represents sales from sales-type and operating leases: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Sales-type leases $ 11.5 $ 6.0 $ 36.9 $ 25.2 Operating leases 1.7 1.9 4.8 4.2 Total sales from leases $ 13.2 $ 7.9 $ 41.7 $ 29.4
Scheduled Payments for Sales-type Leases	The following table represents scheduled payments for sales-type leases as of September 30, 2024: 2024 $ 6.9 2025 28.6 2026 26.5 2027 20.3 2028 17.3 Thereafter 56.0 Total 155.6 Less: unearned income 46.8 Total $ 108.8
Schedule of Cost of Equipment Leased	The following table represents the cost of equipment leased to others: September 30, 2024 December 31, 2023 Equipment leased to others, cost $ 4.7 $ 20.6 Less: accumulated depreciation 1.3 4.4 Equipment leased to others, net $ 3.4 $ 16.2

Goodwill and Intangible Assets

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 _______________ (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 Accumulated Gross Accumulated 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) _______________ (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 Accumulated Gross Accumulated 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) _______________ (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.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
Schedule of Equity Method Investments	The following table presents the activity in equity method investments: Equity Method Investments Balance at December 31, 2023 $ 109.9 Equity in loss of unconsolidated affiliates (2.4) Dividend received from equity method investment (1.6) Foreign currency translation adjustments and other (2.0) Balance at September 30, 2024 $ 103.9
Schedule of Investments	The following table presents the activity in investments in equity securities: Investment in Equity Securities, Level 1 Investment in Equity Securities, Investments in Equity Securities, All Others (1) Investments Total Balance at December 31, 2023 $ 4.8 $ 6.1 $ 80.3 $ 91.2 New investments — — 13.1 13.1 (Decrease) increase in fair value of investments in equity securities (1.8) 0.9 11.7 10.8 Foreign currency translation adjustments and other — — 1.1 1.1 Balance at September 30, 2024 $ 3.0 $ 7.0 $ 106.2 $ 116.2 _______________ (1)

Debt and Credit Arrangements (T

Debt and Credit Arrangements (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Outstanding Borrowings	The following table represents the components of our borrowings: September 30, December 31, Senior secured and senior unsecured notes: Principal amount, senior secured notes due 2030 $ 1,460.0 $ 1,460.0 Principal amount, senior unsecured notes due 2031 510.0 510.0 Unamortized discount (24.4) (26.9) Unamortized debt issuance costs (29.8) (32.9) Senior secured and senior unsecured notes, net of unamortized discount and debt issuance costs 1,915.8 1,910.2 Senior secured revolving credit facilities and term loans: Term loans due March 2030 1,631.0 1,631.0 Senior secured revolving credit facility due April 2029 142.3 102.8 Unamortized discount (32.5) (35.8) Unamortized debt issuance costs (33.4) (32.5) Senior secured revolving credit facility and term loan, net of unamortized discount and debt issuance costs 1,707.4 1,665.5 Convertible notes due November 2024: Principal amount 258.7 258.7 Unamortized debt issuance costs (0.2) (0.9) Convertible notes due November 2024, net of unamortized debt issuance costs 258.5 257.8 Other debt facilities 2.9 1.4 Total debt, net of unamortized debt issuance costs 3,884.6 3,834.9 Less: current maturities (1) 260.7 258.5 Long-term debt $ 3,623.9 $ 3,576.4 _______________ (1) Our convertible notes due November 2024, net of unamortized debt issuance costs, are included in current maturities for both periods presented. Also included in current maturities for the current period is $2.2 of other debt facilities. The following table summarizes the carrying values and fair values of our actively quoted debt instruments (1) : September 30, 2024 December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value Term loans due March 2030 $ 1,565.1 $ 1,618.8 $ 1,562.7 $ 1,631.0 Senior secured notes due 2030 1,424.2 1,540.5 1,420.2 1,533.0 Senior unsecured notes due 2031 491.6 556.0 490.0 555.9 Convertible notes due November 2024 258.5 541.3 257.8 605.4 _______________ (1) The debt instruments noted above are actively quoted instruments and, accordingly, their fair values were determined using Level 1 inputs.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of Mandatory Convertible Preferred Stock	The following table illustrates the conversion rate per share of the Mandatory Convertible Preferred Stock, subject to certain anti-dilution adjustments, based on the applicable market value of the common stock: Applicable Market Value of Common Stock Conversion Rate per Share of Mandatory Convertible Preferred Stock Greater than $141.8037 (threshold appreciation price) 7.0520 shares of common stock Equal to or less than $141.8037 but greater than or equal to $118.1754 Between 7.0520 and 8.4620 shares of common stock, determined by dividing $1,000 by the applicable market value Less than $118.1754 (initial price) 8.4620 shares of common stock The following table illustrates the conversion rate per depositary share, subject to certain anti-dilution adjustments, based on the applicable market value of the common stock: Applicable Market Value of Common Stock Conversion Rate per Depositary Share Greater than $141.8037 (threshold appreciation price) 0.3526 shares of common stock Equal to or less than $141.8037 but greater than or equal to $118.1754 Between 0.3526 and 0.4231 shares of common stock, determined by dividing $50 by the applicable market value Less than $118.1754 (initial price) 0.4231 shares of common stock

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Asset and Liabilities Derivatives	The following table represents the fair value of our asset and liability derivatives: September 30, 2024 Notional Fair Value Fair Value Fair Value Other Fair Value Other Derivatives designated as net investment hedge Foreign Exchange Collar Contracts (1) $ 323.7 $ — $ — $ — $ 8.4 Derivatives not designated as hedges Foreign Currency Contracts $ 540.3 $ 6.1 $ 0.3 $ 2.6 $ 0.1 December 31, 2023 Notional Fair Value Fair Value Fair Value Other Fair Value Other Derivatives designated as net investment hedge Foreign Exchange Collar Contracts (1) $ 320.8 $ — $ — $ — $ 6.0 Derivatives not designated as hedges Foreign Currency Contracts $ 393.5 $ 1.8 $ 0.1 $ 2.7 $ — _________ (1) Represents foreign exchange swaps and foreign exchange options.
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table represents the net effect derivative instruments designated in hedging relationships had on accumulated other comprehensive (loss) income on the condensed consolidated statements of operations and comprehensive income (loss): Three Months Ended September 30, Nine Months Ended September 30, Derivatives designated as net investment hedge 2024 2023 2024 2023 Foreign Exchange Collar Contracts (1) (2) $ (1.8) $ (0.4) $ (1.8) $ 1.1 _______________ (1) Our designated derivative instruments are highly effective. As such, there were no gains or losses recognized immediately in income related to hedge ineffectiveness during the nine months ended September 30, 2024 and 2023. (2) Represents foreign exchange swaps and foreign exchange options. The following table represents the effect that derivative instruments not designated as hedges had on net income: Three Months Ended September 30, Nine Months Ended September 30, Derivatives not designated as hedges Location of gain recognized in income 2024 2023 2024 2023 Foreign Currency Contracts Other expense, net $ (7.0) $ (1.8) $ (3.2) $ (1.3)
Schedule of Interest Rate Derivatives	The following table represents interest income, included within interest expense, net on the condensed consolidated statements of operations and comprehensive income (loss) related to amounts excluded from the assessment of hedge effectiveness for derivative instruments designated as net investment hedges: Three Months Ended September 30, Nine Months Ended September 30, Derivatives designated as net investment hedge 2024 2023 2024 2023 Foreign Exchange Collar Contracts (1) (2) $ (2.0) $ 0.4 $ (1.2) $ 1.2 _______________ (1) Represents amount excluded from effectiveness testing. Our Foreign Exchange Collar Contracts are designated with terms based on the spot rate of the euro. Future changes in the components related to the spot change on the notional will be recorded in other comprehensive income and remain there until the hedged subsidiaries are substantially liquidated. All coupon payments are classified in interest expense, net in the condensed consolidated statements of operations and comprehensive income (loss), and the initial value of excluded components currently recorded in accumulated other comprehensive loss as a foreign currency translation adjustment are amortized to interest expense, net over the remaining term of the Foreign Exchange Contract. (2) Represents foreign exchange swaps and foreign exchange options.

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Consideration	The following table shows the purchase price in accordance with ASC 805: Description Cash consideration to seller $ 2,788.3 Howden's debt settled at close 1,529.0 Settlement of seller transaction costs 67.2 Funds held in escrow 20.4 Working capital adjustment (17.5) Total ASC 805 purchase price $ 4,387.4
Schedule of Fair Values of the Assets Acquired and Liabilities Assumed	The following table summarizes the fair values of the assets acquired and liabilities assumed in the Howden Acquisition as of the acquisition date: Fair Value Net assets acquired: Cash and cash equivalents $ 62.5 Restricted cash 2.6 Accounts receivable 422.7 Inventories 256.8 Unbilled contract revenue 167.8 Prepaid expenses 51.9 Other current assets 101.4 Assets held for sale 225.7 Property, plant and equipment 325.1 Identifiable intangible assets 2,434.5 Equity method investments 12.0 Other assets 117.3 Accounts payable (385.7) Customer advances and billings in excess of contract revenue (233.2) Accrued salaries, wages and benefits (103.3) Accrued income taxes (34.0) Current portion of warranty reserve (38.5) Current portion of long-term debt (1.4) Other current liabilities (158.8) Liabilities held for sale (43.9) Long-term deferred tax liabilities (663.6) Operating lease liabilities (52.3) Finance lease liabilities (8.1) Accrued pension liabilities (6.0) Other long-term liabilities (45.7) Total identifiable net assets assumed 2,405.8 Noncontrolling interest (1) (146.3) Goodwill (2) 2,127.9 Net assets acquired $ 4,387.4 Assets acquired net of cash, cash equivalents and restricted cash $ 4,322.3 _______________ (1) As part of the Howden Acquisition, we acquired 82% of Howden Hua Engineering Co., Ltd, an entity based in China. The noncontrolling interest was valued at $146.0. (2) Includes $102.2 and $49.7 allocated to the Roots and American Fan divestitures, respectively.
Schedule of Identifiable Intangible Assets Acquired	The following table summarizes information regarding identifiable intangible assets acquired in the Howden Acquisition: Estimated Useful Lives Fair Value Finite-lived intangible assets acquired: Customer relationships 18 years $ 1,533.0 Backlog 3 years 135.0 Technology 5 to 14 years 296.0 Total finite-lived intangible assets acquired 1,964.0 Indefinite-lived intangible assets acquired: Trade names 470.5 Total intangible assets acquired $ 2,434.5

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income	The components of accumulated other comprehensive income are as follows: Foreign currency translation adjustments (1) Pension liability adjustments, net of taxes Accumulated other comprehensive (loss) income Balance at June 30, 2024 $ (87.5) $ (2.5) $ (90.0) Other comprehensive income before reclassifications, net of taxes 155.8 — 155.8 Amounts reclassified from accumulated other comprehensive loss, net of income taxes — 0.1 0.1 Net current-period other comprehensive income, net of taxes 155.8 0.1 155.9 Balance at September 30, 2024 $ 68.3 $ (2.4) $ 65.9 Foreign currency translation adjustments (1) Pension liability adjustments, net of taxes Accumulated other comprehensive loss Balance at June 30, 2023 $ (48.2) $ (7.2) $ (55.4) Other comprehensive loss before reclassifications, net of taxes (48.1) — (48.1) Amounts reclassified from accumulated other comprehensive loss, net of taxes — 0.2 0.2 Net current-period other comprehensive (loss) income, net of taxes (48.1) 0.2 (47.9) Balance at September 30, 2023 $ (96.3) $ (7.0) $ (103.3) Foreign currency translation adjustments (1) Pension liability adjustments, net of taxes Accumulated other comprehensive income Balance at December 31, 2023 $ 13.2 $ (2.4) $ 10.8 Other comprehensive income before reclassifications, net of taxes 55.1 — 55.1 Amounts reclassified from accumulated other comprehensive income, net of taxes — — — Net current-period other comprehensive income, net of taxes 55.1 — 55.1 Balance at September 30, 2024 $ 68.3 $ (2.4) $ 65.9 Foreign currency translation adjustments (1) Pension liability adjustments, net of taxes Accumulated other comprehensive loss Balance at December 31, 2022 $ (50.5) $ (7.5) $ (58.0) Other comprehensive loss before reclassifications, net of taxes (45.8) — (45.8) Amounts reclassified from accumulated other comprehensive loss, net of taxes — 0.5 0.5 Net current-period other comprehensive (loss) income, net of taxes (45.8) 0.5 (45.3) Balance at September 30, 2023 $ (96.3) $ (7.0) $ (103.3) _______________ (1) Foreign currency translation adjustments includes translation adjustments and net investment hedge, net of taxes. See Note 11, “Derivative Financial Instruments,” for further information related to the net investment hedge.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Calculation of Net Income (Loss) Per Share	The following table represents calculations of net earnings per share of common stock: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Amounts attributable to Chart common shareholders Income from continuing operations $ 69.4 $ 9.4 $ 141.7 $ 0.1 Less: Mandatory convertible preferred stock dividend requirement 6.8 6.8 20.4 20.5 Income (loss) from continuing operations attributable to Chart 62.6 2.6 121.3 (20.4) Loss from discontinued operations, net of tax (0.4) (6.0) (2.8) (2.6) Net income (loss) attributable to Chart common shareholders 62.2 (3.4) 118.5 (23.0) Earnings per common share – basic: Income (loss) from continuing operations $ 1.49 $ 0.06 $ 2.89 $ (0.49) Loss from discontinued operations (0.01) (0.14) (0.07) (0.06) Net income (loss) attributable to Chart Industries, Inc. $ 1.48 $ (0.08) $ 2.82 $ (0.55) Earnings per common share – diluted: Income (loss) from continuing operations $ 1.34 $ 0.05 $ 2.59 $ (0.49) Loss from discontinued operations (0.01) (0.12) (0.06) (0.06) Net income (loss) attributable to Chart Industries, Inc. $ 1.33 $ (0.07) $ 2.53 $ (0.55) Weighted average number of common shares outstanding – basic 42.05 41.98 42.04 41.96 Incremental shares issuable upon assumed conversion and exercise of share-based awards (1) 0.19 0.24 0.19 — Incremental shares issuable due to dilutive effect of convertible notes (1) (2) 2.43 2.86 2.54 — Incremental shares issuable due to dilutive effect of the warrants (1) 2.00 2.53 2.12 — Weighted average number of common shares outstanding – diluted 46.67 47.61 46.89 41.96 _______________ (1) Zero incremental shares from share-based awards, convertible notes or the warrants are included in the computation of diluted net loss per share for periods in which a net loss from continuing operations attributable to Chart because to do so would be anti-dilutive. This is applicable for the nine months ended September 30, 2023. (2) The convertible note hedge offsets any dilution upon actual conversion of the 2024 Notes up to a common stock price of $71.775 per share. The hedge cannot be taken into account under U.S. GAAP because it is anti-dilutive. If the hedge could have been considered, it would have reduced the diluted shares by 2.43 and 2.86 for the three months ended September 30, 2024 and 2023, respectively, and by 2.54 for the nine months ended September 30, 2024. For further information, refer to Note 9, “Debt and Credit Arrangements.”
Schedule of Antidilutive Securities	Diluted earnings per share does not reflect the following cumulative preferred stock dividends and potential common shares as the effect would be anti-dilutive: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Numerator Mandatory convertible preferred stock dividend requirement (1) $ 6.8 $ 6.8 $ 20.4 $ 20.5 Denominator Anti-dilutive shares, Share-based awards 0.14 0.03 0.14 0.48 Anti-dilutive shares, Convertible notes — — — 4.41 Anti-dilutive shares, Warrants — — — 4.41 Anti-dilutive shares, Mandatory convertible preferred stock (1) 3.07 2.84 2.97 3.41 Total anti-dilutive securities 3.21 2.87 3.11 12.71 _______________ (1) We calculate the basic and diluted earnings per share based on net income, which approximates income available to common shareholders for each period. Earnings per share is calculated using the two-class method, which is an earnings allocation formula that determines the earnings per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. The Series B Mandatory Convertible Preferred Stock and the 2024 Convertible Notes are participating securities. Undistributed earnings are not allocated to the participating securities because the participation features are discretionary. Net losses are not allocated to the Series B Mandatory Convertible Preferred Stock, as it does not have a contractual obligation to share in the losses of Chart. Basic net income per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted net income per common share is computed by dividing net income available to common shareholders by the sum of the weighted average number of common shares outstanding and any dilutive non-participating securities for the period.

Restructuring Activities (Table

Restructuring Activities (Tables)	9 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Schedule of Severance and Other Restructuring Costs	The following table summarizes severance and other restructuring costs, which includes employee-related costs, facility rent and exit costs, relocation, recruiting, travel and other: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Severance and other restructuring: Cost of sales $ — $ 0.2 $ 0.7 $ 0.2 Selling, general and administrative expenses 1.7 4.0 10.4 11.0 Total severance and other restructuring costs $ 1.7 $ 4.2 $ 11.1 $ 11.2 The following table summarizes restructuring costs by reportable segment: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Cryo Tank Solutions $ 0.3 $ 0.1 $ 1.4 $ 1.2 Heat Transfer Systems 0.2 0.5 1.1 0.7 Specialty Products 0.3 0.4 2.8 0.9 Repair, Service & Leasing 0.7 0.9 4.9 2.4 Corporate 0.2 2.3 0.9 6.0 Total restructuring costs $ 1.7 $ 4.2 $ 11.1 $ 11.2
Schedule of Roll-forward of Restructuring Cost	The following tables summarize our restructuring activities: Balance at June 30, 2024 $ 5.2 Restructuring charges 1.7 Cash payments and other (4.0) Balance at September 30, 2024 $ 2.9 Balance at June 30, 2023 $ 3.8 Restructuring charges 4.2 Cash payments and other (5.6) Balance at September 30, 2023 $ 2.4 Balance at December 31, 2023 $ 1.9 Restructuring charges 11.1 Cash payments and other (10.1) Balance at September 30, 2024 $ 2.9 Balance at December 31, 2022 $ 0.2 Restructuring charges 11.2 Cash payments and other (9.0) Balance at September 30, 2023 $ 2.4

Basis of Preparation (Details)

Basis of Preparation (Details)	Sep. 30, 2024 location center
Accounting Policies [Abstract]
Number of locations (locations) | location	64
Number of service centers (centers) | center	50

Discontinued Operations and O_3

Discontinued Operations and Other Businesses Sold - Narratives (Details) - Assets disposed of by sales - USD ($) $ in Millions					3 Months Ended
	Oct. 31, 2023	Oct. 26, 2023	Aug. 18, 2023	Jun. 11, 2023	Mar. 31, 2024
Roots Rotary Blowers Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Proceeds from sale of business			$ 291.9
Additional net working capital adjustment					$ 2.5
American Fans
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Proceeds from sale of business		$ 109.7
Comfico Fans
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Proceeds from sale of business	$ 67.4
Scenario, Plan | Roots Rotary Blowers Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Proceeds from sale of business				$ 300

Discontinued Operations and O_4

Discontinued Operations and Other Businesses Sold - (Loss) Income from Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other expenses:
Loss from discontinued operations, net of tax	$ (0.4)	$ (6)	$ (2.8)	$ (2.6)
Assets disposed of by sales
Summarized Financial Information of Discontinued Operations
Sales	0	17.5	0	58.8
Cost of sales	0	15.4	0	41.4
Gross profit	0	2.1	0	17.4
Selling, general and administrative expenses	0.5	2.1	1	6.9
Operating (loss) income	(0.5)	0	(1)	10.5
Other expenses:
Other expense, net	0	3	0	9
(Loss) income before income taxes	(0.5)	(3)	(1)	1.5
Income tax (benefit) expense	(0.1)	0.5	(0.2)	1.6
Loss from discontinued operations before loss on sale of business	(0.4)	(3.5)	(0.8)	(0.1)
Loss on sale of business, net of $0.0, $7.5, $0.5 and $7.5 of taxes	0	2.5	2	2.5
Loss from discontinued operations, net of tax	(0.4)	(6)	(2.8)	(2.6)
Tax on loss on sale of business	0	7.5	0.5	7.5
Assets disposed of by sales | Roots Rotary Blowers Business
Other expenses:
Gain (loss) on sale before tax	$ 0	$ 5	$ (2.5)	$ 5

Reportable Segments - Narrative

Reportable Segments - Narratives (Details)	12 Months Ended
	Dec. 31, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments (segment)	4

Reportable Segments - Segment I

Reportable Segments - Segment Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information
Sales	$ 1,062.5	$ 897.9	$ 3,053.5	$ 2,337.5
Depreciation and amortization expense	68.1	67	200	163.2
Operating income (loss)	178.5	104.4	459.2	234.7
Operating Segments | Cryo Tank Solutions
Segment Reporting Information
Sales	162.5	159	487.7	435.2
Depreciation and amortization expense	5.7	7.8	16.5	17.2
Operating income (loss)	23.5	17.1	53.5	31.9
Operating Segments | Heat Transfer Systems
Segment Reporting Information
Sales	256.2	232.5	746.5	636
Depreciation and amortization expense	8.9	7.4	27.2	24.6
Operating income (loss)	61.3	43.4	157.6	120.5
Operating Segments | Specialty Products
Segment Reporting Information
Sales	283.3	240	797.4	602.9
Depreciation and amortization expense	7	5.7	20.9	17.9
Operating income (loss)	41.9	33.7	122	84.6
Operating Segments | Repair, Service & Leasing
Segment Reporting Information
Sales	360.5	271.3	1,022	688.5
Depreciation and amortization expense	43.5	45.1	129.4	100.8
Operating income (loss)	102	42.3	265.1	121
Intersegment Eliminations
Segment Reporting Information
Sales	0	(4.9)	(0.1)	(25.1)
Depreciation and amortization expense	0	0	0	0
Operating income (loss)	0	0	0	0
Corporate
Segment Reporting Information
Sales	0	0	0	0
Depreciation and amortization expense	3	1	6	2.7
Operating income (loss)	$ (50.2)	$ (32.1)	$ (139)	$ (123.3)

Reportable Segments - Product S

Reportable Segments - Product Sales Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information
Sales	$ 1,062.5	$ 897.9	$ 3,053.5	$ 2,337.5
North America
Segment Reporting Information
Sales	465.8	382.6	1,371.9	1,083.2
Europe, Middle East, Africa and India
Segment Reporting Information
Sales	325.9	280.2	917.1	692
Asia-Pacific
Segment Reporting Information
Sales	242.9	214.8	674.8	508.1
Rest of the World
Segment Reporting Information
Sales	27.9	20.3	89.7	54.2
Operating Segments | Cryo Tank Solutions
Segment Reporting Information
Sales	162.5	159	487.7	435.2
Operating Segments | Cryo Tank Solutions | North America
Segment Reporting Information
Sales	71.4	71.3	225.7	198.5
Operating Segments | Cryo Tank Solutions | Europe, Middle East, Africa and India
Segment Reporting Information
Sales	48.7	52.7	152.7	148.7
Operating Segments | Cryo Tank Solutions | Asia-Pacific
Segment Reporting Information
Sales	40.3	33.5	98.4	84.1
Operating Segments | Cryo Tank Solutions | Rest of the World
Segment Reporting Information
Sales	2.1	1.5	10.9	3.9
Operating Segments | Heat Transfer Systems
Segment Reporting Information
Sales	256.2	232.5	746.5	636
Operating Segments | Heat Transfer Systems | North America
Segment Reporting Information
Sales	140.4	150.6	422.8	432.9
Operating Segments | Heat Transfer Systems | Europe, Middle East, Africa and India
Segment Reporting Information
Sales	53.6	31	137.5	76.8
Operating Segments | Heat Transfer Systems | Asia-Pacific
Segment Reporting Information
Sales	59.8	46.7	168	111.7
Operating Segments | Heat Transfer Systems | Rest of the World
Segment Reporting Information
Sales	2.4	4.2	18.2	14.6
Operating Segments | Specialty Products
Segment Reporting Information
Sales	283.3	240	797.4	602.9
Operating Segments | Specialty Products | North America
Segment Reporting Information
Sales	111.3	84.2	313.2	238.1
Operating Segments | Specialty Products | Europe, Middle East, Africa and India
Segment Reporting Information
Sales	84.4	68	227.5	170.2
Operating Segments | Specialty Products | Asia-Pacific
Segment Reporting Information
Sales	84.4	83.2	244.1	183.3
Operating Segments | Specialty Products | Rest of the World
Segment Reporting Information
Sales	3.2	4.6	12.6	11.3
Operating Segments | Repair, Service & Leasing
Segment Reporting Information
Sales	360.5	271.3	1,022	688.5
Operating Segments | Repair, Service & Leasing | North America
Segment Reporting Information
Sales	142.7	78.5	410.2	224.9
Operating Segments | Repair, Service & Leasing | Europe, Middle East, Africa and India
Segment Reporting Information
Sales	139.2	130.2	399.4	305
Operating Segments | Repair, Service & Leasing | Asia-Pacific
Segment Reporting Information
Sales	58.4	52.5	164.4	133.8
Operating Segments | Repair, Service & Leasing | Rest of the World
Segment Reporting Information
Sales	20.2	10.1	48	24.8
Intersegment Eliminations
Segment Reporting Information
Sales	0	(4.9)	(0.1)	(25.1)
Intersegment Eliminations | North America
Segment Reporting Information
Sales	0	(2)	0	(11.2)
Intersegment Eliminations | Europe, Middle East, Africa and India
Segment Reporting Information
Sales	0	(1.7)	0	(8.7)
Intersegment Eliminations | Asia-Pacific
Segment Reporting Information
Sales	0	(1.1)	(0.1)	(4.8)
Intersegment Eliminations | Rest of the World
Segment Reporting Information
Sales	$ 0	$ (0.1)	$ 0	$ (0.4)

Reportable Segments - Assets (D

Reportable Segments - Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets
Assets	$ 9,498.4	$ 9,102.4
Goodwill	2,987.7	2,906.8
Identifiable intangible assets, net	2,660.4	2,791.9
Operating Segments
Assets
Assets	3,163.9	2,864.7
Operating Segments | Cryo Tank Solutions
Assets
Assets	668.9	706.1
Goodwill	222.6	219.3
Operating Segments | Heat Transfer Systems
Assets
Assets	642.7	560.7
Goodwill	481.2	480.4
Operating Segments | Specialty Products
Assets
Assets	915.5	647.8
Goodwill	579.4	567.9
Operating Segments | Repair, Service & Leasing
Assets
Assets	936.8	950.1
Goodwill	1,704.5	1,639.2
Corporate
Assets
Assets	$ 686.4	$ 539

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue
Sales to external customers	$ 1,062.5	$ 897.9	$ 3,053.5	$ 2,337.5
Point in time
Disaggregation of Revenue
Sales to external customers	353.7	337	1,128	860.7
Over time
Disaggregation of Revenue
Sales to external customers	708.8	560.9	1,925.5	1,476.8
Operating Segments | Cryo Tank Solutions
Disaggregation of Revenue
Sales to external customers	162.5	159	487.7	435.2
Operating Segments | Cryo Tank Solutions | Point in time
Disaggregation of Revenue
Sales to external customers	83.6	108.3	285.2	295.1
Operating Segments | Cryo Tank Solutions | Over time
Disaggregation of Revenue
Sales to external customers	78.9	50.7	202.5	140.1
Operating Segments | Heat Transfer Systems
Disaggregation of Revenue
Sales to external customers	256.2	232.5	746.5	636
Operating Segments | Heat Transfer Systems | Point in time
Disaggregation of Revenue
Sales to external customers	5.5	16.5	26.9	48.5
Operating Segments | Heat Transfer Systems | Over time
Disaggregation of Revenue
Sales to external customers	250.7	216	719.6	587.5
Operating Segments | Specialty Products
Disaggregation of Revenue
Sales to external customers	283.3	240	797.4	602.9
Operating Segments | Specialty Products | Point in time
Disaggregation of Revenue
Sales to external customers	54.9	62.1	202.4	123.6
Operating Segments | Specialty Products | Over time
Disaggregation of Revenue
Sales to external customers	228.4	177.9	595	479.3
Operating Segments | Repair, Service & Leasing
Disaggregation of Revenue
Sales to external customers	360.5	271.3	1,022	688.5
Operating Segments | Repair, Service & Leasing | Point in time
Disaggregation of Revenue
Sales to external customers	209.7	152.6	613.5	408.7
Operating Segments | Repair, Service & Leasing | Over time
Disaggregation of Revenue
Sales to external customers	150.8	118.7	408.5	279.8
Intersegment Eliminations
Disaggregation of Revenue
Sales to external customers	0	(4.9)	(0.1)	(25.1)
Intersegment Eliminations | Point in time
Disaggregation of Revenue
Sales to external customers	0	(2.5)	0	(15.2)
Intersegment Eliminations | Over time
Disaggregation of Revenue
Sales to external customers	$ 0	$ (2.4)	$ (0.1)	$ (9.9)

Revenue - Change in Contract As

Revenue - Change in Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Contract assets
Accounts receivable, net of allowances	$ 805.6	$ 758.9
Unbilled contract revenue	680.2	481.7
Contract liabilities
Customer advances and billings in excess of contract revenue	$ 366	$ 376.6

Revenue - Narratives (Details)

Revenue - Narratives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue
Contract revenue recognized	$ 65	$ 17.3	$ 284.9	$ 162.7
Remaining performance obligation	$ 4,535.3		$ 4,535.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Disaggregation of Revenue
Performance obligations expected to be satisfied, expected timing	12 months		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01 | Maximum
Disaggregation of Revenue
Revenue, remaining performance obligation (percent)	61%		61%

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 287.3	$ 274.8
Work in process	125.5	155.4
Finished goods	126.6	146.1
Inventories, net	539.4	576.3
Inventory valuation reserve	$ 9	$ 9.9

Leases - Narratives (Details)

Leases - Narratives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Leases [Abstract]
Operating lease rent expense	$ 6.8	$ 13.8	$ 19.2	$ 23.6
Right of use assets obtained in exchange for finance lease liability			0.1
Right of use assets obtained in exchange for operating lease liability			20.1
Short-term net investment in sales type leases	28.2		28.2		$ 21.4
Long-term net investment in sales type leases	$ 80.6		$ 80.6		$ 62.1

Leases - Schedule of Lease Deta

Leases - Schedule of Lease Details (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets
Operating lease, net	$ 81.2	$ 69.1
Finance lease, net	16	16.1
Total lease assets	$ 97.2	$ 85.2
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant, and equipment, net	Property, plant, and equipment, net
Current:
Operating lease liabilities	$ 20.4	$ 18.5
Finance lease liabilities	$ 2.3	$ 3
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Non-current:
Operating lease liabilities	$ 61.7	$ 50.7
Finance lease liabilities	$ 14.2	$ 14.2
Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List	Other long-term liabilities	Other long-term liabilities
Total lease liabilities	$ 98.6	$ 86.4
Weighted-average remaining lease terms
Operating lease (in years)	6 years 3 months 18 days	5 years 1 month 6 days
Finance lease (in years)	7 years 8 months 12 days	7 years 10 months 24 days
Weighted-average discount rate
Operating leases (percent)	7.10%	6.60%
Finance leases (percent)	6.90%	6.70%

Leases - Future Minimum Payment

Leases - Future Minimum Payments (Details) $ in Millions	Sep. 30, 2024 USD ($) facility
Finance
2024	$ 0.9
2025	3
2026	2.7
2027	2.6
2028	2.4
Thereafter	10.3
Total future minimum lease payments	21.9
Less: Present value discount	(5.4)
Lease liability	16.5
Operating
2024	6.2
2025	23.5
2026	18.1
2027	13.2
2028	11.1
Thereafter	30.8
Total future minimum lease payments	102.9
Less: Present value discount	(20.8)
Lease liability	$ 82.1
Number of operating contracts | facility	42

Leases - Sales from Sales-type

Leases - Sales from Sales-type and Operating Leases (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Sales-type leases	$ 11.5	$ 6	$ 36.9	$ 25.2
Operating leases	1.7	1.9	4.8	4.2
Total sales from leases	$ 13.2	$ 7.9	$ 41.7	$ 29.4

Leases - Payments for Sales-typ

Leases - Payments for Sales-type Leases (Details) $ in Millions	Sep. 30, 2024 USD ($)
Future scheduled payments for sales-type leases
2024	$ 6.9
2025	28.6
2026	26.5
2027	20.3
2028	17.3
Thereafter	56
Total	155.6
Less: unearned income	46.8
Total	$ 108.8

Leases - Cost of Equipment Leas

Leases - Cost of Equipment Leased (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Equipment leased to others, cost	$ 4.7	$ 20.6
Less: accumulated depreciation	1.3	4.4
Equipment leased to others, net	$ 3.4	$ 16.2

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Goodwill Rollforward (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill
Balance at December 31, 2023	$ 2,906.8
Purchase accounting adjustments	42.6
Foreign currency translation adjustments and other	38.3
Balance at September 30, 2024	2,987.7
Goodwill Impaired
Accumulated goodwill impairment loss at December 31, 2023	129
Accumulated goodwill impairment loss at September 30, 2024	129
Operating Segments | Cryo Tank Solutions
Goodwill
Balance at December 31, 2023	219.3
Purchase accounting adjustments	2.6
Foreign currency translation adjustments and other	0.7
Balance at September 30, 2024	222.6
Goodwill Impaired
Accumulated goodwill impairment loss at December 31, 2023	23.5
Accumulated goodwill impairment loss at September 30, 2024	23.5
Operating Segments | Heat Transfer Systems
Goodwill
Balance at December 31, 2023	480.4
Purchase accounting adjustments	1.3
Foreign currency translation adjustments and other	(0.5)
Balance at September 30, 2024	481.2
Goodwill Impaired
Accumulated goodwill impairment loss at December 31, 2023	49.3
Accumulated goodwill impairment loss at September 30, 2024	49.3
Operating Segments | Specialty Products
Goodwill
Balance at December 31, 2023	567.9
Purchase accounting adjustments	10.9
Foreign currency translation adjustments and other	0.6
Balance at September 30, 2024	579.4
Goodwill Impaired
Accumulated goodwill impairment loss at December 31, 2023	35.8
Accumulated goodwill impairment loss at September 30, 2024	35.8
Operating Segments | Repair, Service & Leasing
Goodwill
Balance at December 31, 2023	1,639.2
Purchase accounting adjustments	27.8
Foreign currency translation adjustments and other	37.5
Balance at September 30, 2024	1,704.5
Goodwill Impaired
Accumulated goodwill impairment loss at December 31, 2023	20.4
Accumulated goodwill impairment loss at September 30, 2024	$ 20.4

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Finite-lived and Indefinite-lived Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Gross Carrying Amount	$ 2,494.7	$ 2,485.2
Accumulated Amortization	(445.3)	(303.4)
Total intangible assets	3,105.7	3,095.3
Trademarks and trade names
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Trademarks and trade names	611	610.1
Indefinite-lived intangible assets impairment loss	16	16
Customer relationships
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Gross Carrying Amount	1,847.6	1,836.4
Accumulated Amortization	$ (267.1)	(185.2)
Customer relationships | Minimum
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Estimated Useful Lives (in years)	4 years
Customer relationships | Maximum
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Estimated Useful Lives (in years)	18 years
Technology
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Gross Carrying Amount	$ 493.2	496.7
Accumulated Amortization	$ (104.6)	(78.8)
Technology | Minimum
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Estimated Useful Lives (in years)	5 years
Technology | Maximum
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Estimated Useful Lives (in years)	18 years
Patents, backlog and other
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Gross Carrying Amount	$ 140.3	138.6
Accumulated Amortization	$ (69.6)	(35.6)
Patents, backlog and other | Minimum
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Estimated Useful Lives (in years)	2 years
Patents, backlog and other | Maximum
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Estimated Useful Lives (in years)	10 years
Trademarks and trade names
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Gross Carrying Amount	$ 3.3	3.3
Accumulated Amortization	$ (1.9)	(1.9)
Trademarks and trade names | Minimum
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Estimated Useful Lives (in years)	5 years
Trademarks and trade names | Maximum
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Estimated Useful Lives (in years)	23 years
Land use rights
Schedule of Finite-lived and Indefinite-lived Intangible Assets
Estimated Useful Lives (in years)	50 years
Gross Carrying Amount	$ 10.3	10.2
Accumulated Amortization	$ (2.1)	$ (1.9)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Narratives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets amortization expense	$ 48.4	$ 49	$ 143.9	$ 115

Investments - Equity Method Inv

Investments - Equity Method Investments (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Equity Securities
Balance at December 31, 2023	$ 109.9
Equity in loss of unconsolidated affiliates	(2.4)
Dividend received from equity method investment	(1.6)
Foreign currency translation adjustments and other	(2)
Balance at September 30, 2024	$ 103.9

Investments - Investments in Eq

Investments - Investments in Equity Securities (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Equity Securities
Balance at December 31, 2023	$ 91.2
New investments	13.1
(Decrease) increase in fair value of investments in equity securities	10.8
Foreign currency translation adjustments and other	1.1
Balance at September 30, 2024	116.2
Investment in Equity Securities, Level 1
Equity Securities
Balance at December 31, 2023	4.8
New investments	0
(Decrease) increase in fair value of investments in equity securities	(1.8)
Foreign currency translation adjustments and other	0
Balance at September 30, 2024	3
Investment in Equity Securities, Level 2
Equity Securities
Balance at December 31, 2023	6.1
New investments	0
(Decrease) increase in fair value of investments in equity securities	0.9
Foreign currency translation adjustments and other	0
Balance at September 30, 2024	7
Investments in Equity Securities, All Others
Equity Securities
Balance at December 31, 2023	80.3
New investments	13.1
(Decrease) increase in fair value of investments in equity securities	11.7
Foreign currency translation adjustments and other	1.1
Balance at September 30, 2024	$ 106.2

Investments - Co-Investment Agr

Investments - Co-Investment Agreement (Details) € in Millions	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 07, 2021 USD ($)	Apr. 05, 2021 USD ($)	Apr. 05, 2021 EUR (€)
Debt and Equity Securities, FV-NI
Equity method investments	$ 103,900,000	$ 109,900,000
Investments in equity securities	116,200,000	91,200,000
Capital Commitment Condition One
Debt and Equity Securities, FV-NI
Investment, Type [Extensible Enumeration]				Common Stock	Common Stock
HTEC
Debt and Equity Securities, FV-NI
Equity method investments	$ 77,100,000	$ 82,300,000
Hy24
Debt and Equity Securities, FV-NI
Investments in equity securities				$ 15,900,000	€ 14.2
Unfunded commitment				$ 40,100,000	€ 35.8
Corporate Joint Venture | HTEC | Common Stock
Debt and Equity Securities, FV-NI
Right of refusal compensation percentage (percent)			102%
Closing through third anniversary | Corporate Joint Venture | HTEC
Debt and Equity Securities, FV-NI
Put option internal rate of return (percent)			10%
Closing through third anniversary | Corporate Joint Venture | HTEC | Common Stock
Debt and Equity Securities, FV-NI
Invested capital multiple rate			1.65
Closing through third anniversary | ISQ | Corporate Joint Venture
Debt and Equity Securities, FV-NI
Shareholder distribution threshold			$ 900,000,000
After third anniversary | Corporate Joint Venture | HTEC
Debt and Equity Securities, FV-NI
Put option internal rate of return (percent)			12.50%
After third anniversary | Corporate Joint Venture | HTEC | Common Stock
Debt and Equity Securities, FV-NI
Percentage of shares callable upon exercise of call option (percent)			20%

Debt and Credit Arrangements -

Debt and Credit Arrangements - Summary of Outstanding Borrowings (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Oct. 02, 2023	Dec. 22, 2022	Nov. 06, 2017
Debt Instrument
Unamortized discount	$ (24,400,000)	$ (26,900,000)
Unamortized debt issuance costs	(29,800,000)	(32,900,000)
Total debt, net of unamortized debt issuance costs	3,884,600,000	3,834,900,000
Less: current maturities	260,700,000	258,500,000
Long-term debt	3,623,900,000	3,576,400,000
Revolving Credit Facility
Debt Instrument
Unamortized discount	(32,500,000)	(35,800,000)
Unamortized debt issuance costs	(33,400,000)	(32,500,000)
Senior secured and senior unsecured notes, net of unamortized discount and debt issuance costs	1,707,400,000	1,665,500,000
Senior Secured And Unsecured Notes
Debt Instrument
Senior secured and senior unsecured notes, net of unamortized discount and debt issuance costs	1,915,800,000	1,910,200,000
Senior secured notes due 2030 | Secured Debt
Debt Instrument
Debt instrument face amount	1,460,000,000	1,460,000,000		$ 1,460,000,000
Senior unsecured notes due 2031 | Unsecured Debt
Debt Instrument
Debt instrument face amount	510,000,000	510,000,000		$ 510,000,000
Term loans due March 2030 | Revolving Credit Facility
Debt Instrument
Total debt, net of unamortized debt issuance costs			$ 1,781,000,000
Term loans due March 2030 | Term Loan | Revolving Credit Facility
Debt Instrument
Debt instrument face amount	1,631,000,000	1,631,000,000
Senior Secured Revolving Credit Facility Due April 2029 | Secured Debt | Revolving Credit Facility
Debt Instrument
Debt instrument face amount	142,300,000	102,800,000
Convertible notes due November 2024 | Convertible Debt
Debt Instrument
Debt instrument face amount	258,700,000	258,700,000			$ 258,800,000
Unamortized debt issuance costs	(200,000)	(900,000)
Convertible notes due November 2024, net of unamortized debt issuance costs	258,500,000	257,800,000
Other debt facilities
Debt Instrument
Less: current maturities	2,900,000	$ 1,400,000
Other Debt Facilities
Debt Instrument
Less: current maturities	$ 2,200,000

Debt and Credit Arrangements _2

Debt and Credit Arrangements - Senior Secured and Unsecured Notes (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Dec. 22, 2022
Senior secured notes due 2030 | Secured Debt
Debt Instrument
Debt instrument face amount	$ 1,460,000,000	$ 1,460,000,000	$ 1,460,000,000
Debt instrument stated interest rate (percent)			7.50%
Issue price (percent)			98.661%
Debt instrument effective interest rate (percent)			7.80%
Senior unsecured notes due 2031 | Unsecured Debt
Debt Instrument
Debt instrument face amount	$ 510,000,000	$ 510,000,000	$ 510,000,000
Debt instrument stated interest rate (percent)			9.50%
Issue price (percent)			97.949%
Debt instrument effective interest rate (percent)			9.90%

Debt and Credit Arrangements _3

Debt and Credit Arrangements - Senior Secured Revolving Credit Facility and Term Loan (Details) € in Millions				9 Months Ended
	Jul. 02, 2024	Jul. 01, 2024	Dec. 04, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 EUR (€)	Apr. 08, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 EUR (€)	Oct. 02, 2023 USD ($)
Debt Instrument
Aggregate principal amount				$ 3,884,600,000				$ 3,834,900,000
Repayments on credit facilities				$ 2,246,500,000	$ 1,234,300,000
Revolving Credit Facility | Senior Secured Revolving Credit Facility 2024
Debt Instrument
Maximum borrowing capacity							$ 1,250,000,000
Revolving Credit Facility | Senior Secured Revolving Credit Facility Due April 2029
Debt Instrument
Debt instrument stated interest rate (percent)				6.40%		6.40%		6.20%	6.20%
Letters of credit outstanding				$ 275,100,000
Unused borrowing capacity				832,600,000
Revolving Credit Facility | Senior Secured Revolving Credit Facility Due April 2029 | Secured Debt
Debt Instrument
Debt instrument face amount				142,300,000				$ 102,800,000
Revolving Credit Facility | Euro senior secured revolving credit facility
Debt Instrument
Carrying Value				87,300,000		€ 78		97,800,000	€ 88.5
Revolving Credit Facility | Term loans due March 2030
Debt Instrument
Aggregate principal amount										$ 1,781,000,000
Repayments on credit facilities			$ 150,000,000
Revolving Credit Facility | Term loans due March 2030 | Base Rate
Debt Instrument
Decrease in interest rate (percent)	7,500%
Revolving Credit Facility | Term loans due March 2030 | Base Rate | Interest Rate Option Two
Debt Instrument
Debt instrument variable interest rate (percent)	1.50%	2.25%
Revolving Credit Facility | Term loans due March 2030 | Secured Overnight Financing Rate (SOFR)
Debt Instrument
Credit spread adjustment on variable rate		0.10%
Revolving Credit Facility | Term loans due March 2030 | Secured Overnight Financing Rate (SOFR) | Interest Rate Option One
Debt Instrument
Debt instrument variable interest rate (percent)	2.50%	3.25%
Revolving Credit Facility | Term loans due March 2030 | Term Loan
Debt Instrument
Debt instrument face amount				$ 1,631,000,000				$ 1,631,000,000
Debt instrument stated interest rate (percent)				7.80%		7.80%		8.70%	8.70%
Carrying Value				$ 1,565,100,000				$ 1,562,700,000
Debt instrument effective interest rate (percent)										9.10%

Debt and Credit Arrangements _4

Debt and Credit Arrangements - 2024 Convertible Notes (Details) - Convertible notes due November 2024 - Convertible Debt $ / shares in Units, shares in Thousands	Oct. 31, 2017 $ / shares shares	Sep. 30, 2024 USD ($) $ / shares	Dec. 31, 2023 USD ($)	Nov. 06, 2017 USD ($)
Debt Instrument
Debt instrument stated interest rate (percent)				1%
Debt instrument face amount | $		$ 258,700,000	$ 258,700,000	$ 258,800,000
Debt instrument effective interest rate (percent)				1.40%
Share conversion rate	0.0170285
Debt instrument, conversion price (usd per share)	$ 58.725	$ 58.725
Debt instrument, conversion premium (percent)	35%
Share price (usd per share)	$ 43.50	$ 124.14
Value of securities above principal amount of debt if converted | $		$ 288,200,000
Number of shares underlying warrant (shares) | shares	4,410
Percentage above previous sales price (percent)	65%
Maximum
Debt Instrument
Debt instrument, conversion price (usd per share)	$ 71.775

Debt and Credit Arrangements _5

Debt and Credit Arrangements - Other Debt Facilities (Details) - Revolving Credit Facility - Foreign Facilities - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument
Line of credit remaining borrowing amount	$ 85.2
Letters of credit outstanding	$ 160.6	$ 134.3

Debt and Credit Arrangements _6

Debt and Credit Arrangements - Carrying Value and Fair Value Disclosures (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Term Loan | Term loans due March 2030 | Revolving Credit Facility
Debt Instrument
Carrying Value	$ 1,565.1	$ 1,562.7
Fair Value	1,618.8	1,631
Secured Debt | Senior secured notes due 2030
Debt Instrument
Carrying Value	1,424.2	1,420.2
Fair Value	1,540.5	1,533
Unsecured Debt | Senior unsecured notes due 2031
Debt Instrument
Carrying Value	491.6	490
Fair Value	556	555.9
Convertible Debt | Convertible notes due November 2024
Debt Instrument
Carrying Value	258.5	257.8
Fair Value	$ 541.3	$ 605.4

Shareholders' Equity - Narrativ

Shareholders' Equity - Narratives (Details) - USD ($)		3 Months Ended		9 Months Ended
	Dec. 13, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 23, 2022
Preferred Units
Liquidation preference		$ 1,000		$ 1,000		$ 1,000
Preferred stock, par value (usd per share)		$ 0.01		$ 0.01		$ 0.01
Mandatory convertible preferred stock dividend requirement		$ 6,800,000	$ 6,800,000	$ 20,400,000	$ 20,500,000
Anti-dilutive shares, Mandatory convertible preferred stock
Preferred Units
Conversion of shares							5%
Convertible shares, conversion price (shares)	20
Anti-dilutive shares, Mandatory convertible preferred stock | Range Two | Minimum
Preferred Units
Mandatory conversion of preferred stock (shares)	7.0520
Anti-dilutive shares, Mandatory convertible preferred stock | Range Two | Maximum
Preferred Units
Mandatory conversion of preferred stock (shares)	8.4620
Anti-dilutive shares, Mandatory convertible preferred stock | Range One | Minimum
Preferred Units
Mandatory conversion of preferred stock (shares)	7.0520
Daily depository conversion rate (usd per share)	$ 0.3526
Anti-dilutive shares, Mandatory convertible preferred stock | Range Three | Maximum
Preferred Units
Mandatory conversion of preferred stock (shares)							8.4620
Anti-dilutive shares, Mandatory convertible preferred stock | Public Offering
Preferred Units
Sale of stock, number of shares issued in transaction (shares)	8,050,000
Conversion of shares	5%
Dividend rate (percent)	6.75%
Preferred stock, par value (usd per share)	$ 0.01
Sale of stock, consideration received on transaction	$ 402,500,000
Equity issuance cost	$ 14,400,000
Anti-dilutive shares, Mandatory convertible preferred stock | Public Offering | Underwriters
Preferred Units
Sale of stock, number of shares issued in transaction (shares)	1,050,000
Anti-dilutive shares, Mandatory convertible preferred stock | Public Offering | Range Two
Preferred Units
Liquidation preference	$ 1,000
Common Stock | Range Two | Minimum
Preferred Units
Daily depository conversion rate (usd per share)							$ 0.3526
Common Stock | Range Two | Maximum
Preferred Units
Daily depository conversion rate (usd per share)							$ 0.4231
Common Stock | Range One | Minimum
Preferred Units
Daily depository conversion rate (usd per share)	$ 0.3526
Common Stock | Range Three | Maximum
Preferred Units
Daily depository conversion rate (usd per share)	$ 0.4231

Shareholders' Equity - Schedule

Shareholders' Equity - Schedule of Mandatory Convertible Preferred Stock (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Dec. 23, 2022	Dec. 13, 2022
Preferred Units
Liquidation preference	$ 1,000	$ 1,000
Range One | Minimum | Convertible preferred stock
Preferred Units
Mandatory conversion of preferred stock (shares)				7.0520
Daily depository conversion rate (usd per share)				$ 0.3526
Range One | Minimum | Common Stock
Preferred Units
Daily depository conversion rate (usd per share)				$ 0.3526
Range One | Maximum | Convertible preferred stock
Preferred Units
Threshold conversion of convertible shares (shares)			$ 141.8037
Range One | Maximum | Common Stock
Preferred Units
Threshold conversion of convertible shares (shares)			141.8037
Range Two | Convertible preferred stock | Public Offering
Preferred Units
Liquidation preference				$ 1,000
Range Two | Common Stock
Preferred Units
Depository shares, liquidation preference (usd per share)			50
Range Two | Minimum | Convertible preferred stock
Preferred Units
Mandatory conversion of preferred stock (shares)				7.0520
Range Two | Minimum | Convertible preferred stock | Common Stock
Preferred Units
Threshold conversion of convertible shares (shares)			118.1754
Range Two | Minimum | Common Stock
Preferred Units
Threshold conversion of convertible shares (shares)			141.8037
Daily depository conversion rate (usd per share)			0.3526
Range Two | Maximum | Convertible preferred stock
Preferred Units
Mandatory conversion of preferred stock (shares)				8.4620
Range Two | Maximum | Convertible preferred stock | Common Stock
Preferred Units
Threshold conversion of convertible shares (shares)			141.8037
Range Two | Maximum | Common Stock
Preferred Units
Threshold conversion of convertible shares (shares)			118.1754
Daily depository conversion rate (usd per share)			0.4231
Range Three | Minimum | Convertible preferred stock
Preferred Units
Threshold conversion of convertible shares (shares)			118.1754
Range Three | Minimum | Common Stock
Preferred Units
Threshold conversion of convertible shares (shares)			$ 118.1754
Range Three | Maximum | Convertible preferred stock
Preferred Units
Mandatory conversion of preferred stock (shares)			8.4620
Range Three | Maximum | Common Stock
Preferred Units
Daily depository conversion rate (usd per share)				$ 0.4231

Derivative Financial Instrume_3

Derivative Financial Instruments - Schedule of Fair Value of Asset and Liabilities Derivatives (Details) - Foreign Exchange Contract - Net Investment Hedging - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Designated as Hedging Instrument
Derivative
Derivative instrument notional amount	$ 323.7	$ 320.8
Not Designated as Hedging Instrument
Derivative
Derivative instrument notional amount	540.3	393.5
Fair Value Other Current Assets | Not Designated as Hedging Instrument
Derivative
Derivative assets, at fair value	6.1	1.8
Fair Value Other Assets | Not Designated as Hedging Instrument
Derivative
Derivative assets, at fair value	0.3	0.1
Fair Value Other Current Liabilities | Not Designated as Hedging Instrument
Derivative
Derivative liabilities, at fair value	2.6	2.7
Fair Value Other Long-Term Liabilities | Designated as Hedging Instrument
Derivative
Derivative liabilities, at fair value	8.4	6
Fair Value Other Long-Term Liabilities | Not Designated as Hedging Instrument
Derivative
Derivative liabilities, at fair value	$ 0.1	$ 0

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Foreign Exchange Contract | Designated as Hedging Instrument
Derivative
Unrealized (loss) gain recognized in accumulated other comprehensive loss on derivatives, net of taxes	$ (1.8)	$ (0.4)	$ (1.8)	$ 1.1

Derivative Financial Instrume_5

Derivative Financial Instruments - Schedule of (Loss) Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Foreign Exchange Contract | Other expense, net
Derivative
Amount of gain recognized in income	$ (7)	$ (1.8)	$ (3.2)	$ (1.3)

Derivative Financial Instrume_6

Derivative Financial Instruments - Schedule of Interest Rate Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Foreign Exchange Contract | Net Investment Hedging
Derivative
Amount of gain recognized in income on derivative (amount excluded from effectiveness testing)	$ (2)	$ 0.4	$ (1.2)	$ 1.2

Product Warranties (Details)

Product Warranties (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Product Warranties Disclosures [Abstract]
Total warranty reserve	$ 18.3	$ 31.8
Net product warranty usage, expense and changes in estimates	$ (13.5)

Business Combinations - Narrati

Business Combinations - Narratives (Details) - Howden Industries - USD ($) $ in Millions		3 Months Ended
	Mar. 17, 2023	Sep. 30, 2024
Business Acquisition
Acquisitions purchase price	$ 4,387.4
Decrease related current assets adjustments		$ 10.4
Increase related to current liabilities adjustments		40.1
Decrease related to long-term deferred tax liabilities		$ 8.2
Pension assets	38.7
Pension liabilities	41.1
Pension assets and pension liabilities, net	$ 2.4

Business Combinations - Conside

Business Combinations - Consideration (Details) - Howden Industries $ in Millions	Mar. 17, 2023 USD ($)
Business Acquisition
Cash consideration to seller	$ 2,788.3
Howden's debt settled at close	1,529
Settlement of seller transaction costs	67.2
Funds held in escrow	20.4
Working capital adjustment	(17.5)
Total consideration	$ 4,387.4

Business Combinations - Fair Va

Business Combinations - Fair Values of the Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Mar. 17, 2023
Net assets acquired:
Goodwill	$ 2,987.7	$ 2,906.8
Roots Rotary Blowers Business
Net assets acquired:
Goodwill			$ 102.2
American Fans
Net assets acquired:
Goodwill			49.7
Howden Industries
Net assets acquired:
Cash and cash equivalents			62.5
Restricted cash			2.6
Accounts receivable			422.7
Inventories			256.8
Unbilled contract revenue			167.8
Prepaid expenses			51.9
Other current assets			101.4
Assets held for sale			225.7
Property, plant and equipment			325.1
Identifiable intangible assets			2,434.5
Equity method investments			12
Other assets			117.3
Accounts payable			(385.7)
Customer advances and billings in excess of contract revenue			(233.2)
Accrued salaries, wages and benefits			(103.3)
Accrued income taxes			(34)
Current portion of warranty reserve			(38.5)
Current portion of long-term debt			(1.4)
Other current liabilities			(158.8)
Liabilities held for sale			(43.9)
Long-term deferred tax liabilities			(663.6)
Operating lease liabilities			(52.3)
Finance lease liabilities			(8.1)
Accrued pension liabilities			(6)
Other long-term liabilities			(45.7)
Total identifiable net assets assumed			2,405.8
Noncontrolling interest			(146.3)
Goodwill			2,127.9
Net assets acquired			4,387.4
Assets acquired net of cash, cash equivalents and restricted cash			4,322.3
Howden Industries | Howden Hua Engineering Co
Net assets acquired:
Noncontrolling interest			$ (146)
Noncontrolling interest, ownership percentage (percent)			82%

Business Combinations - Intangi

Business Combinations - Intangible Assets Acquired (Details) - Howden Industries $ in Millions	Mar. 17, 2023 USD ($)
Acquired Indefinite-lived Intangible Assets
Finite lived intangible assets acquired	$ 1,964
Total intangible assets acquired	2,434.5
Trade names
Acquired Indefinite-lived Intangible Assets
Indefinite-lived intangible assets acquired	$ 470.5
Customer relationships
Acquired Indefinite-lived Intangible Assets
Estimated Useful Lives (in years)	18 years
Finite lived intangible assets acquired	$ 1,533
Backlog
Acquired Indefinite-lived Intangible Assets
Estimated Useful Lives (in years)	3 years
Finite lived intangible assets acquired	$ 135
Technology
Acquired Indefinite-lived Intangible Assets
Finite lived intangible assets acquired	$ 296
Technology | Minimum
Acquired Indefinite-lived Intangible Assets
Estimated Useful Lives (in years)	5 years
Technology | Maximum
Acquired Indefinite-lived Intangible Assets
Estimated Useful Lives (in years)	14 years

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Accumulated Other Comprehensive (Loss) Income Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accumulated Other Comprehensive Loss
Beginning balance	$ 2,909.1	$ 2,807.2	$ 2,939	$ 2,684.3
Other comprehensive income (loss) before reclassifications, net of taxes	155.8	(48.1)	55.1	(45.8)
Amounts reclassified from accumulated other comprehensive income (loss), net of taxes	0.1	0.2	0	0.5
Net current-period other comprehensive (loss) income, net of taxes	155.9	(47.9)	55.1	(45.3)
Ending balance	3,135.4	2,757.5	3,135.4	2,757.5
Accumulated other comprehensive (loss) income
Accumulated Other Comprehensive Loss
Beginning balance	(90)	(55.4)	10.8	(58)
Ending balance	65.9	(103.3)	65.9	(103.3)
Foreign currency translation adjustments
Accumulated Other Comprehensive Loss
Beginning balance	(87.5)	(48.2)	13.2	(50.5)
Other comprehensive income (loss) before reclassifications, net of taxes	155.8	(48.1)	55.1	(45.8)
Amounts reclassified from accumulated other comprehensive income (loss), net of taxes	0	0	0	0
Net current-period other comprehensive (loss) income, net of taxes	155.8	(48.1)	55.1	(45.8)
Ending balance	68.3	(96.3)	68.3	(96.3)
Pension liability adjustments, net of taxes
Accumulated Other Comprehensive Loss
Beginning balance	(2.5)	(7.2)	(2.4)	(7.5)
Other comprehensive income (loss) before reclassifications, net of taxes	0	0	0	0
Amounts reclassified from accumulated other comprehensive income (loss), net of taxes	0.1	0.2	0	0.5
Net current-period other comprehensive (loss) income, net of taxes	0.1	0.2	0	0.5
Ending balance	$ (2.4)	$ (7)	$ (2.4)	$ (7)

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Amounts attributable to Chart common shareholders
Income from continuing operations	$ 69.4	$ 9.4	$ 141.7	$ 0.1
Less: Mandatory convertible preferred stock dividend requirement	6.8	6.8	20.4	20.5
Income (loss) from continuing operations attributable to Chart	62.6	2.6	121.3	(20.4)
Loss from discontinued operations, net of tax	(0.4)	(6)	(2.8)	(2.6)
Net income (loss) attributable to Chart common shareholders — basic	62.2	(3.4)	118.5	(23)
Net income (loss) attributable to Chart common shareholders	$ 62.2	$ (3.4)	$ 118.5	$ (23)
Earnings per common share – basic:
Income (loss) from continuing operations (usd per share)	$ 1.49	$ 0.06	$ 2.89	$ (0.49)
Loss from discontinued operations (usd per share)	(0.01)	(0.14)	(0.07)	(0.06)
Net income (loss) attributable to Chart Industries, Inc. — basic (usd per share)	1.48	(0.08)	2.82	(0.55)
Earnings per common share – diluted:
Income (loss) from continuing operations (usd per share)	1.34	0.05	2.59	(0.49)
Loss from discontinued operations (usd per share)	(0.01)	(0.12)	(0.06)	(0.06)
Net income (loss) attributable to Chart Industries, Inc. — diluted (usd per share)	$ 1.33	$ (0.07)	$ 2.53	$ (0.55)
Weighted average number of common shares outstanding — basic (shares)	42,050	41,980	42,040	41,960
Incremental shares issuable upon assumed conversion and exercise of share-based awards (shares)	190	240	190	0
Incremental shares issuable due to dilutive effect of convertible notes (shares)	2,430	2,860	2,540	0
Incremental shares issuable due to dilutive effect of the warrants (shares)	2,000	2,530	2,120	0
Weighted average number of common shares outstanding — diluted (shares)	46,670	47,610	46,890	41,960

Earnings Per Share - Narratives

Earnings Per Share - Narratives (Details) - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Oct. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share
Incremental shares issuable due to dilutive effect of convertible notes (shares)	2,430	2,860	2,540	0
Convertible notes due November 2024 | Convertible Debt
Antidilutive Securities Excluded from Computation of Earnings Per Share
Debt instrument, conversion price (usd per share)	$ 58.725		$ 58.725		$ 58.725
Convertible notes due November 2024 | Convertible Debt | Maximum
Antidilutive Securities Excluded from Computation of Earnings Per Share
Debt instrument, conversion price (usd per share)					$ 71.775

Earnings Per Share - Antidiluti

Earnings Per Share - Antidilutive Securities (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share
Mandatory convertible preferred stock dividend requirement	$ 6.8	$ 6.8	$ 20.4	$ 20.5
Total anti-dilutive securities	3,210	2,870	3,110	12,710
Anti-dilutive shares, Share-based awards
Antidilutive Securities Excluded from Computation of Earnings Per Share
Total anti-dilutive securities	140	30	140	480
Anti-dilutive shares, Convertible notes
Antidilutive Securities Excluded from Computation of Earnings Per Share
Total anti-dilutive securities	0	0	0	4,410
Anti-dilutive shares, Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share
Total anti-dilutive securities	0	0	0	4,410
Anti-dilutive shares, Mandatory convertible preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share
Total anti-dilutive securities	3,070	2,840	2,970	3,410

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 26.6	$ 0.1	$ 50.9	$ (4.2)
Effective income tax rate (percent)	26.50%	1%	24.70%	840%

Share-based Compensation (Detai

Share-based Compensation (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award
Share-based compensation, fair value of awards granted			$ 20.8
Allocated share-based compensation expense	$ 4.2	$ 2.6	14.3	$ 9.2
Share based compensation expense not yet recognized	$ 22		$ 22
Period in which unrecognized share based compensation will be recognized (in years)			2 years
Director
Share-based Compensation Arrangement by Share-based Payment Award
Share-based compensation, fair value of restricted shares granted			$ 1.1
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Share-based compensation, shares granted (shares)			70
Share-based compensation, vesting period (in years)			4 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Share-based compensation, restricted shares granted (shares)			90
Share-based compensation, vesting period (in years)			3 years
Share-based compensation, shares vested other than options (shares)			60
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award
Share-based compensation, restricted shares granted (shares)			40
Share-based compensation, vesting period (in years)			3 years
Share-based compensation, shares vested other than options (shares)			20
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Share-based compensation, shares vested other than options (shares)			60

Commitments and Contingencies (

Commitments and Contingencies (Details)	Sep. 30, 2024 USD ($) property	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Number of properties (property) | property	1
Accrued environmental reserve | $	$ 0	$ 0

Restructuring Activities - Narr

Restructuring Activities - Narratives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restructuring and Related Activities [Abstract]
Restructuring costs	$ 1.7	$ 4.2	$ 11.1	$ 11.2

Restructuring Activities - Rest

Restructuring Activities - Restructuring Charges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restructuring Cost and Reserve
Restructuring costs	$ 1.7	$ 4.2	$ 11.1	$ 11.2
Cost of sales
Restructuring Cost and Reserve
Restructuring costs	0	0.2	0.7	0.2
Selling, general and administrative expenses
Restructuring Cost and Reserve
Restructuring costs	$ 1.7	$ 4	$ 10.4	$ 11

Restructuring Activities - Roll

Restructuring Activities - Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restructuring Reserve
Beginning balance, restructuring accrual	$ 5.2	$ 3.8	$ 1.9	$ 0.2
Restructuring charges	1.7	4.2	11.1	11.2
Cash payments and other	(4)	(5.6)	(10.1)	(9)
Ending balance, restructuring accrual	2.9	2.4	2.9	2.4
Operating Segments | Cryo Tank Solutions
Restructuring Reserve
Restructuring charges	0.3	0.1	1.4	1.2
Operating Segments | Heat Transfer Systems
Restructuring Reserve
Restructuring charges	0.2	0.5	1.1	0.7
Operating Segments | Specialty Products
Restructuring Reserve
Restructuring charges	0.3	0.4	2.8	0.9
Operating Segments | Repair, Service & Leasing
Restructuring Reserve
Restructuring charges	0.7	0.9	4.9	2.4
Corporate
Restructuring Reserve
Restructuring charges	$ 0.2	$ 2.3	$ 0.9	$ 6