XML 68 R41.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Goodwill and Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Intangible assets and goodwill [abstract] |
Disclosure of Changes in Goodwill and Intangible Assets | Goodwill and intangible assets are comprised of the following:
| 2022
| Cost |  | Accumulated Amortization and Impairment |  | Net Book Value
Goodwill | $ | 377.2 |  |  | $ | 55.4 |  |  | $ | 321.8 |
Intellectual property | $ | 111.3 |  |  | $ | 111.3 |  |  | $ | — |
Other intangible assets | 679.3 |  |  | 342.1 |  |  | 337.2 |
Computer software assets | 300.7 |  |  | 291.4 |  |  | 9.3 |
| $ | 1,091.3 |  |  | $ | 744.8 |  |  | $ | 346.5 |
| 2023
| Cost |  | Accumulated Amortization and Impairment |  | Net Book Value
Goodwill | $ | 377.1 |  |  | $ | 55.4 |  |  | $ | 321.7 |
Intellectual property | $ | 111.3 |  |  | $ | 111.3 |  |  | $ | — |
Other intangible assets | 672.3 |  |  | 371.9 |  |  | 300.4 |
Computer software assets | 310.8 |  |  | 292.9 |  |  | 17.9 |
| $ | 1,094.4 |  |  | $ | 776.1 |  |  | $ | 318.3 |
The following table details the changes to the net book value of goodwill and intangible assets for the years indicated:
| Note | Goodwill |  | Other Intangible Assets |  | Computer Software Assets |  | Total
Balance — January 1, 2022 |  | $ | 324.2 |  |  | $ | 371.5 |  |  | $ | 10.5 |  |  | $ | 706.2 |
Additions |  | — |  |  | — |  |  | 1.9 |  |  | 1.9 |
Adjustment to acquisitions through business combination (i) | 3 | (2.2) |  |  | 2.7 |  |  | — |  |  | 0.5 |
Amortization |  | — |  |  | (37.0) |  |  | (3.1) |  |  | (40.1) |
Foreign exchange and other |  | (0.2) |  |  | — |  |  | — |  |  | (0.2) |
Balance — December 31, 2022 |  | 321.8 |  |  | 337.2 |  |  | 9.3 |  |  | 668.3 |
Additions |  | — |  |  | — |  |  | 11.4 |  |  | 11.4 |
Amortization |  | — |  |  | (36.8) |  |  | (2.8) |  |  | (39.6) |
Foreign exchange and other |  | (0.1) |  |  | — |  |  | — |  |  | (0.1) |
Balance — December 31, 2023 |  | $ | 321.7 |  |  | $ | 300.4 |  |  | $ | 17.9 |  |  | $ | 640.0 |
(i) In Q1 2022, we finalized the PCI purchase price allocation. In connection therewith, we adjusted our preliminary purchase price allocation by, among other things, increasing the carrying value of customer intangible assets by $2.7, and decreasing goodwill by $2.2. See note 3.
Disclosure of Assumptions for Annual Impairment Assessments of Goodwill | We used the following assumptions for purposes of our Annual Impairment Assessments of goodwill for the periods shown:
Assumption | Capital Equipment CGU | A&D CGU(iii) | Atrenne CGU(iii) | PCI CGU |
Annual revenue growth rate | 2023 — 12% over 5 year period; 2022 — 9% over 5 year period; 2021 — 10% over 5 year period | 2023 — 9% over 5 year period; 2022 — 12% over 5 year period; 2021 — 11% over 5 year period | 2023 — N/A(iii); 2022 — N/A(iii); 2021 — 19% over 5 year period | 2023 — 11% over 5 year period; 2022 — 11% over 5 year period; 2021 — 9% over 5 year period |
Average annual CGU margins over the 5-year period | 2023 — above total company margin(i); 2022 — above total company margin(i); 2021 — above total company margin(i) | 2023 — similar to total company margin(i); 2022 — slightly above total company margin(i); 2021 — slightly above total company margin(i) | 2023 — N/A (iii); 2022 — N/A (iii); 2021 — above total company margin(i) | 2023 — above total company margin(i); 2022 — above total company margin(i); 2021 — above total company margin(i) |
Discount rate (ii) | 2023 — 14%; 2022 — 14%; 2021 — 11% | 2023 — 12%; 2022 — 12%; 2021 — 11% | 2023 — N/A (iii); 2022 — N/A (iii); 2021 — 10% | 2023 — 15%; 2022 — 15%; 2021 — 15% |
(i) Total company margin is defined as total segment income as a percentage of total revenue. See note 25. (ii) For 2023, the pre-tax discount rate by CGU is as follows: Capital Equipment CGU 18%; A&D CGU 15%; and PCI CGU 17%. (iii) Commencing in 2022, our Atrenne CGU merged into our A&D CGU, and is no longer a separate CGU. As a result, our 2022 and 2023 Annual Impairment Assessments for our A&D CGU include our Atrenne business.

X
- Definition The disclosure of information for cash-generating units. [Refer: Cash-generating units [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2023-01-01 -Paragraph 134 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=36&code=ifrs-tx-2023-en-r&anchor=para_134&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the reconciliation of changes in intangible assets and goodwill. [Refer: Intangible assets and goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 38 -IssueDate 2023-01-01 -Paragraph 118 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2023-en-r&anchor=para_118&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_IntangibleAssetsAndGoodwillAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration