CHART INDUSTRIES INC Goodwill & Intangibles Disclosure
| Cryo Tank Solutions | Heat Transfer Systems | Specialty Products | Repair, Service & Leasing | Consolidated | |||||||||||||||||||||||||
Goodwill, net balance at December 31, 2024 | $ | 211.7 | $ | 477.1 | $ | 568.0 | $ | 1,643.1 | $ | 2,899.9 | |||||||||||||||||||
| Foreign currency translation adjustments and other | 16.6 | 5.2 | 15.5 | 130.4 | 167.7 | ||||||||||||||||||||||||
Goodwill, net balance at December 31, 2025 | $ | 228.3 | $ | 482.3 | $ | 583.5 | $ | 1,773.5 | $ | 3,067.6 | |||||||||||||||||||
Accumulated goodwill impairment loss at December 31, 2024 | $ | 23.5 | $ | 49.3 | $ | 35.8 | $ | 20.4 | $ | 129.0 | |||||||||||||||||||
Accumulated goodwill impairment loss at December 31, 2025 | $ | 23.5 | $ | 49.3 | $ | 35.8 | $ | 20.4 | $ | 129.0 | |||||||||||||||||||
| Cryo Tank Solutions | Heat Transfer Systems | Specialty Products | Repair, Service & Leasing | Consolidated | |||||||||||||||||||||||||
Goodwill, net balance at December 31, 2023 | $ | 219.3 | $ | 480.4 | $ | 567.9 | $ | 1,639.2 | $ | 2,906.8 | |||||||||||||||||||
| Foreign currency translation adjustments and other | (10.2) | (4.6) | (10.8) | (23.9) | (49.5) | ||||||||||||||||||||||||
Purchase price adjustments (1) | 2.6 | 1.3 | 10.9 | 27.8 | 42.6 | ||||||||||||||||||||||||
Goodwill, net balance at December 31, 2024 | $ | 211.7 | $ | 477.1 | $ | 568.0 | $ | 1,643.1 | $ | 2,899.9 | |||||||||||||||||||
Accumulated goodwill impairment loss at December 31, 2023 | $ | 23.5 | $ | 49.3 | $ | 35.8 | $ | 20.4 | $ | 129.0 | |||||||||||||||||||
Accumulated goodwill impairment loss at December 31, 2024 | $ | 23.5 | $ | 49.3 | $ | 35.8 | $ | 20.4 | $ | 129.0 | |||||||||||||||||||
| December 31, 2025 | December 31, 2024 | ||||||||||||||||||||||||||||
| Estimated Useful Life | Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | |||||||||||||||||||||||||
| Finite-lived intangible assets: | |||||||||||||||||||||||||||||
| Customer relationships | 4 to 18 years | $ | 1,868.6 | $ | (399.7) | $ | 1,762.1 | $ | (284.6) | ||||||||||||||||||||
| Technology | 5 to 18 years | 523.6 | (161.0) | 493.6 | (113.2) | ||||||||||||||||||||||||
| Patents, backlog and other | 2 to 10 years | 145.5 | (130.2) | 134.8 | (78.1) | ||||||||||||||||||||||||
| Trademarks and trade names | 5 to 23 years | 1.8 | (1.3) | 2.5 | (1.9) | ||||||||||||||||||||||||
| Land use rights | 50 years | 10.3 | (2.3) | 10.1 | (2.1) | ||||||||||||||||||||||||
| Total finite-lived intangible assets | $ | 2,549.8 | $ | (694.5) | $ | 2,403.1 | $ | (479.9) | |||||||||||||||||||||
| Indefinite-lived intangible assets: | |||||||||||||||||||||||||||||
Trademarks and trade names (2) | 656.4 | — | 617.4 | — | |||||||||||||||||||||||||
| Total intangible assets | $ | 3,206.2 | $ | (694.5) | $ | 3,020.5 | $ | (479.9) | |||||||||||||||||||||
| For the Year Ending December 31, | |||||
| 2026 | $ | 154.7 | |||
| 2027 | 143.2 | ||||
| 2028 | 139.1 | ||||
| 2029 | 136.2 | ||||
| 2030 | 128.9 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Mar 1, 2021 | |
| 2019 | Feb 14, 2020 | |
| 2018 | Feb 22, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 26, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.