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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Apr. 01, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by segment for the three months ended April 1, 2017, are as follows:

 

(Amounts in millions)    Commercial
&  Industrial
Group
     Snap-on
Tools Group
     Repair Systems
& Information
Group
     Total  

Balance as of December 31, 2016

       $       242.4               $       12.5               $     640.6               $   895.5       

Currency translation

     7.4             –                 5.6             13.0       

Acquisitions and related adjustments

     0.2             –                 (48.9)            (48.7)      
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance as of April 1, 2017

       $ 250.0               $ 12.5               $ 597.3               $ 859.8       
  

 

 

    

 

 

    

 

 

    

 

 

 

 

Other Intangible Assets by Major Class

Additional disclosures related to other intangible assets are as follows:

 

     April 1, 2017      December 31, 2016  
(Amounts in millions)    Gross Carrying
Value
     Accumulated
Amortization
     Gross Carrying
Value
     Accumulated
Amortization
 

Amortized other intangible assets:

           

Customer relationships

       $ 187.1               $ (89.3)              $ 142.6               $ (86.0)      

Developed technology

     17.8             (17.8)            17.7             (17.7)      

Internally developed software

     168.8             (122.0)            165.7             (118.3)      

Patents

     32.3             (21.8)            31.9             (21.5)      

Trademarks

     2.8             (1.8)            2.8             (1.8)      

Other

     7.3             (2.3)            7.2             (2.2)      
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     416.1             (255.0)            367.9             (247.5)      

Non-amortized trademarks

     79.3             –                 64.2             –           
  

 

 

    

 

 

    

 

 

    

 

 

 

Total other intangible assets

       $      495.4               $     (255.0)              $      432.1               $     (247.5)      
  

 

 

    

 

 

    

 

 

    

 

 

 
Weighted-Average Amortization Period by Major Class

The weighted-average amortization periods related to other intangible assets are as follows:

 

     In Years

Customer relationships

   16

Internally developed software

     3

Patents

     8

Trademarks

     6

Other

   39