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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Schedule of Segment Results
The following table provides summarized information about the Company’s operations by reportable segment and reconciles Segment Adjusted EBITDA to Income (Loss) Before Income Taxes for the years ended December 31, 2020, 2019 and 2018.
202020192018
Revenue
Industrial Technologies and Services$3,248.2 $1,700.9 $1,739.6 
Precision and Science Technologies725.0 316.6 280.2 
Specialty Vehicle Technologies741.4 — — 
High Pressure Solutions195.6 434.4 670.0 
Total Revenue$4,910.2 $2,451.9 $2,689.8 
Segment Adjusted EBITDA
Industrial Technologies and Services$759.8 $391.4 $393.6 
Precision and Science Technologies220.2 95.8 80.7 
Specialty Vehicle Technologies138.6 — — 
High Pressure Solutions12.1 117.0 227.8 
Total Segment Adjusted EBITDA1,130.7 604.2 702.1 
Less items to reconcile Segment Adjusted EBITDA to Income (Loss) Before Income Taxes:
Corporate expenses not allocated to segments(1)
113.1 42.5 18.7 
Interest expense111.1 88.9 99.6 
Depreciation and amortization expense(2)
492.9 178.1 180.4 
Impairment of other intangible assets(3)
19.9 — — 
Restructuring and related business transformation costs(4)
97.9 25.6 38.8 
Acquisition related expenses and non-cash charges(5)
233.2 54.6 16.7 
Expenses related to public stock offerings(6)
— — 2.9 
Establish public company financial reporting compliance(7)
— 0.6 4.3 
Stock-based compensation(8)
50.8 20.7 (2.8)
Loss on extinguishment of debt(9)
2.0 0.2 1.1 
Foreign currency transaction losses (gains), net20.9 8.1 (1.9)
Shareholder litigation settlement recoveries(10)
— (6.0)(9.5)
Other adjustments(11)
8.3 — 4.3 
Income (Loss) Before Income Taxes$(19.4)$190.9 $349.5 
(1)Includes insurance recoveries of asbestos legal fees of $8.2 million in the year ended December 31, 2018.
(2)Depreciation and amortization expense excludes $8.0 million of depreciation of rental equipment for the year ended December 31, 2020.
(3)Represents non-cash charges for impairment of intangible assets other than goodwill.
(4)Restructuring and related business transformation costs consist of the following.
Year Ended December 31,
202020192018
Restructuring charges$92.9 $17.1 $12.7 
Severance, sign-on, relocation and executive search costs2.8 2.5 4.1 
Facility reorganization, relocation and other costs2.1 2.4 3.1 
Information technology infrastructure transformation— 1.2 0.8 
Losses (gains) on asset and business disposals— 0.8 (1.1)
Consultant and other advisor fees— 0.3 14.1 
Other, net0.1 1.3 5.1 
Total restructuring and related business transformation costs$97.9 $25.6 $38.8 
(5)Represents costs associated with successful and/or abandoned acquisitions, including third-party expenses, post-closure integration costs (including certain incentive and non-incentive cash compensation costs) and non-cash charges and credits arising from fair value purchase accounting adjustments.
(6)Represents expenses related to the Company’s initial stock offering and subsequent secondary offerings.
(7)Represents third party expenses to comply with the requirements of Sarbanes-Oxley and the accelerated adoption of the new accounting standards (ASC 606 – Revenue from Contracts with Customers and ASC 842 – Leases) in the first quarter of 2019 and 2020, respectively, one year ahead of the required adoption dates for a private company.
(8)Represents stock-based compensation expense recognized for stock options outstanding for the year ended December 31, 2020 of $51.3 million decreased by $0.5 million due to costs associated with employer taxes. 
Represents stock-based compensation expense recognized for stock options outstanding for the year ended December 31, 2019 of $19.2 million and associated employer taxes of $1.5 million.
Represents stock-based compensation expense recognized for the year ended December 31, 2018 for stock options outstanding of $2.8 million, reduced by of $5.6 million primarily due to a decrease in the estimated accrual for employer taxes related to DSUs as a result of a lower per share price.
(9)Represents losses on the extinguishment of a portion of the U.S. Term Loan, and the refinancing of the Original Dollar Term Loan Facility and the Original Euro Term Loan Facility as well as losses reclassified from AOCI into income related to the amendment of the interest rate swaps in conjunction with the debt repayment.
(10)Represents insurance recoveries of the Company’s shareholder litigation settlement in 2014.
(11)Includes (i) non-cash impact of net LIFO reserve adjustment, (ii) effects of amortization of prior service costs and amortization of losses in pension and other postretirement benefits (“OPEB”) expense, (iii) certain legal and compliance costs and (iv) other miscellaneous adjustments.
The following tables provide summarized information about the Company’s reportable segments.
Identifiable Assets
202020192018
Industrial Technologies and Services$9,113.4 $2,729.7 $2,806.6 
Precision and Science Technologies2,852.8 558.4 570.0 
Specialty Vehicle Technologies1,645.9 — — 
High Pressure Solutions687.8 813.5 882.3 
Total14,299.9 4,101.6 4,258.9 
General corporate (unallocated)1,758.7 526.8 228.2 
Total identifiable assets$16,058.6 $4,628.4 $4,487.1 
Depreciation and Amortization Expense
202020192018
Industrial Technologies and Services$314.3 $123.9 $128.3 
Precision and Science Technologies106.3 26.2 23.9 
Specialty Vehicle Technologies53.5 — — 
High Pressure Solutions26.8 28.0 28.2 
Total depreciation and amortization expense$500.9 $178.1 $180.4 
Capital Expenditures
202020192018
Industrial Technologies and Services$32.2 $31.5 $35.3 
Precision and Science Technologies9.8 5.5 4.9 
Specialty Vehicle Technologies2.9 — — 
High Pressure Solutions3.8 6.2 12.0 
Total capital expenditures$48.7 $43.2 $52.2 
Property, Plant and Equipment by Geographic Region
The following table presents property, plant and equipment by geographic region for the years ended December 31, 2020, 2019 and 2018.
Property, Plant and Equipment, net
202020192018
United States$390.9 $179.6 $199.9 
Other Americas15.6 5.9 6.3 
Total Americas406.5 185.5 206.2 
EMEA(1)
216.1 117.3 126.3 
Asia Pacific174.7 23.8 24.1 
Total$797.3 $326.6 $356.6 
(1)Europe, Middle East and Africa (“EMEA”)