XML 35 R19.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Goodwill | 12 Months Ended
--- | ---
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | Goodwill The changes in the carrying amount of goodwill in 2023 and 2022, in total and by segment, are summarized in the table below (in millions):
Segment: | Balance at December 31, 2021 (1) |  |  |  | Changes in foreign currency translation rates |  | Balance at December 31, 2022 |  | Goodwill reallocation (2) |  | Goodwill related to divested entities (3) |  | Goodwill from business acquisition (4) |  | Balance at December 31, 2023
Home Comfort Solutions | $ | 26.1 |  |  |  |  | $ | — |  |  | $ | 26.1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 26.1 |
Building Climate Solutions | 61.1 |  |  |  |  | — |  |  | 61.1 |  |  | 94.5 |  |  | — |  |  | 40.4 |  |  | 196.0 |
Historical Refrigeration segment | 99.4 |  |  |  |  | (0.3) |  |  | 99.1 |  |  | (99.1) |  |  | — |  |  | — |  |  | — |
Corporate and Other | — |  |  |  |  | — |  |  | — |  |  | 4.6 |  |  | (4.6) |  |  | — |  |  | — |
| $ | 186.6 |  |  |  |  | $ | (0.3) |  |  | $ | 186.3 |  |  | $ | — |  |  | $ | (4.6) |  |  | $ | 40.4 |  |  | $ | 222.1 |
(1) The goodwill balances in the table above are presented net of accumulated impairment charges of $32.7 million, all of which relate to impairments in periods prior to 2021. (2) As discussed in Note 3, we recast our segment presentation to present our Heatcraft Worldwide Refrigeration business as a component of our Building Climate Solutions segment and our European portfolio as a component of Corporate and Other. Since there is no longer a Refrigeration segment, we allocated goodwill to each segment based upon the relative fair value of the business. (3) There was $4.6 million of goodwill related to our European portfolio. As part of the loss on assets held for sale that was recorded in the third quarter of 2023, we recorded an impairment of $2.3 million for a portion of the goodwill transferred. The remaining goodwill was included in the balance of disposed net assets. (4) On October 25, 2023, we announced the acquisition of AES. In connection with this acquisition, $40.4 million of goodwill was recorded and included in the Building Climate Solutions reporting unit. AES is included in the Building Climate Solutions segment. See Note 18 for additional information on the AES acquisition. A qualitative review of impairment indicators was performed in 2023 for the Home Comfort Solutions and Building Climate Solutions segments. No impairment charges were recorded in 2023 or 2022, except to the extent of respective goodwill impaired as part of the disposition of our European operations.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration