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Goodwill and Acquired Intangible Assets | 3 Months Ended
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Mar. 29, 2026
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Acquired Intangible Assets | Goodwill and Acquired Intangible Assets Goodwill The carrying value of goodwill by segment was as follows (in millions):
| Digital Imaging |  | Instrumentation |  | Aerospace and Defense Electronics |  | Engineered Systems |  | Total
Balance at December 28, 2025 | $ | 7,065.8 |  |  | $ | 986.9 |  |  | $ | 617.3 |  |  | $ | 17.6 |  |  | $ | 8,687.6 |
Current year acquisitions | — |  |  | 35.5 |  |  | — |  |  | — |  |  | 35.5 |
Foreign currency changes and other | (26.6) |  |  | (7.4) |  |  | (1.6) |  |  | — |  |  | (35.6) |
Balance at March 29, 2026 | $ | 7,039.2 |  |  | $ | 1,015.0 |  |  | $ | 615.7 |  |  | $ | 17.6 |  |  | $ | 8,687.5 |
Acquired intangible assets Acquired intangible assets consisted of the following (in millions):
| March 29, 2026 |  | December 28, 2025
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Proprietary technology | $ | 1,822.5 |  |  | $ | 1,045.4 |  |  | $ | 777.1 |  |  | $ | 1,838.1 |  |  | $ | 1,014.5 |  |  | $ | 823.6 |
Customer list/relationships/backlog | 787.8 |  |  | 336.1 |  |  | 451.7 |  |  | 788.8 |  |  | 326.9 |  |  | 461.9 |
Patents | 0.6 |  |  | 0.6 |  |  | — |  |  | 0.6 |  |  | 0.6 |  |  | — |
Non-compete agreements | 0.9 |  |  | 0.9 |  |  | — |  |  | 0.9 |  |  | 0.9 |  |  | — |
Definite-lived trademarks | 42.9 |  |  | 15.8 |  |  | 27.1 |  |  | 34.8 |  |  | 13.6 |  |  | 21.2 |
Total acquired intangible assets subject to amortization | 2,654.7 |  |  | 1,398.8 |  |  | 1,255.9 |  |  | 2,663.2 |  |  | 1,356.5 |  |  | 1,306.7 |
Acquired intangible assets not subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Indefinite-lived trademarks | 791.7 |  |  | — |  |  | 791.7 |  |  | 793.4 |  |  | — |  |  | 793.4 |
Total acquired intangible assets | $ | 3,446.4 |  |  | $ | 1,398.8 |  |  | $ | 2,047.6 |  |  | $ | 3,456.6 |  |  | $ | 1,356.5 |  |  | $ | 2,100.1 |
An evaluation of the carrying value of goodwill and indefinite-lived intangibles is required to be performed on an annual basis and on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. Based on the results of the Company’s annual assessment in the fourth quarter of 2025, all reporting units with the exception of the FLIR reporting unit in the Digital Imaging segment had estimated fair values that significantly exceeded their respective carrying value. For all reporting units, including the FLIR reporting unit, there have been no events or changes in circumstances which indicate that it is more likely than not that the fair value of the reporting unit is below its carrying value. As such, no interim impairment review was required. The Company will perform its annual analysis during the fourth quarter of 2026. Based on the results of the Company’s annual assessment in the fourth quarter of 2025, the estimated fair value of all material indefinite-lived trademarks, with the exception of the FLIR indefinite-lived trademark, significantly exceeded their respective carrying value. For all indefinite-lived trademarks, including the FLIR trademark, there have been no events or changes in circumstances which indicate that it is more likely than not that the fair value of the trademark is below its carrying value. As such, no interim impairment review was required. The Company will perform its annual analysis during the fourth quarter of 2026.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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