XML 57 R37.htm IDEA: XBRL DOCUMENT v3.25.0.1
Goodwill and Acquired Intangible Assets (Tables)
 12 Months Ended
Dec. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Value of Goodwill
Goodwill (in millions):
Digital Imaging InstrumentationAerospace and Defense ElectronicsEngineered SystemsTotal
Balance at January 1, 2023$6,780.4 $913.2 $161.8 $17.6 $7,873.0 
Current year acquisitions55.5 21.1 — — 76.6 
Foreign currency changes and other41.1 10.5 1.6 — 53.2 
Balance at December 31, 20236,877.0 944.8 163.4 17.6 8,002.8 
Current year acquisitions64.6 23.6 — — 88.2 
Foreign currency changes and other(87.0)(13.1)(0.4)— (100.5)
Balance at December 29, 2024$6,854.6 $955.3 $163.0 $17.6 $7,990.5 
Schedule of Carrying Value of Other Acquired Intangible Assets
In the fourth quarter of 2024, the Company performed a quantitative impairment test for the FLIR reporting unit and qualitative impairment tests for all other reporting units. The results of our annual impairment tests of goodwill indicated that no impairment existed in 2024, 2023 or 2022.
 2024 2023
Acquired intangible assets (in millions):Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
Proprietary technology$1,665.5 $796.6 $868.9 $1,696.6 $663.0 $1,033.6 
Customer list/relationships599.3 252.9 346.4 609.5 219.4 390.1 
Patents0.6 0.6 — 0.6 0.6 — 
Non-compete agreements0.9 0.9 — 0.9 0.9 — 
Definite-lived trademarks12.2 7.7 4.5 10.2 5.8 4.4 
Backlog16.0 16.0 — 16.4 16.4 — 
Acquired intangible assets subject to amortization2,294.5 1,074.7 1,219.8 2,334.2 906.1 1,428.1 
Acquired intangible assets not subject to amortization:
Indefinite-lived trademarks793.1 — 793.1 850.0 — 850.0 
Total acquired intangible assets$3,087.6 $1,074.7 $2,012.9 $3,184.2 $906.1 $2,278.1 
Schedule of Estimated Remaining Useful Lives by Asset Category
The estimated remaining useful lives by asset category as of December 29, 2024, are as follows:
Acquired intangibles subject to amortizationWeighted average remaining useful life in years
Proprietary technology5.8
Customer list/relationships9.3
Trademarks2.2
Total acquired intangibles subject to amortization6.5