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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill by segment for the nine months ended September 29, 2018, are as follows:
(Amounts in millions) | Commercial & Industrial Group |  | Snap-on Tools Group |  | Repair Systems & Information Group |  | Total
Balance as of December 30, 2017 | $ | 298.4 |  |  | $ | 12.5 |  |  | $ | 613.2 |  |  | $ | 924.1 |
Currency translation | (8.8 | ) |  | — |  |  | (5.5 | ) |  | (14.3 | )
Acquisitions and related adjustments | 4.1 |  |  | — |  |  | — |  |  | 4.1 |
Balance as of September 29, 2018 | $ | 293.7 |  |  | $ | 12.5 |  |  | $ | 607.7 |  |  | $ | 913.9 |
Goodwill of $913.9 million as of September 29, 2018, includes: (i) $25.1 million from the acquisition of Norbar, (ii) $2.6 million from the acquisition of Fastorq, and (iii) $2.0 million from the acquisition of TCS. The goodwill from the Norbar, Fastorq and TCS acquisitions is included in the Commercial & Industrial Group. See Note 3 for additional information on acquisitions. Additional disclosures related to other intangible assets are as follows:
| September 29, 2018 |  | December 30, 2017
(Amounts in millions) | Gross Carrying Value |  | Accumulated Amortization |  | Gross Carrying Value |  | Accumulated Amortization
Amortized other intangible assets: |  |  |  |  |  |  |
Customer relationships | $ | 173.5 |  |  | $ | (105.6 | ) |  | $ | 175.2 |  |  | $ | (98.2 | )
Developed technology | 18.8 |  |  | (18.5 | ) |  | 18.9 |  |  | (18.4 | )
Internally developed software | 182.9 |  |  | (142.9 | ) |  | 177.0 |  |  | (133.4 | )
Patents | 35.0 |  |  | (22.9 | ) |  | 34.1 |  |  | (22.7 | )
Trademarks | 3.1 |  |  | (1.9 | ) |  | 3.0 |  |  | (2.0 | )
Other | 7.4 |  |  | (2.9 | ) |  | 7.7 |  |  | (2.7 | )
Total | 420.7 |  |  | (294.7 | ) |  | 415.9 |  |  | (277.4 | )
Non-amortized trademarks | 111.8 |  |  | — |  |  | 115.2 |  |  | — |
Total other intangible assets | $ | 532.5 |  |  | $ | (294.7 | ) |  | $ | 531.1 |  |  | $ | (277.4 | )
Snap-on completed its annual impairment testing of goodwill and other indefinite-lived intangible assets in the second quarter of 2018, the results of which did no t result in any impairment. Significant and unanticipated changes in circumstances, such as declines in profitability and cash flow due to significant and long-term deterioration in macroeconomic, industry and market conditions, the loss of key customers, changes in technology or markets, significant changes in key personnel or litigation, a significant and sustained decrease in share price and/or other events, including effects from the sale or disposal of a reporting unit, could require a provision for impairment of goodwill and/or other intangible assets in a future period. As of September 29, 2018, the company had no accumulated impairment losses. The weighted-average amortization periods related to other intangible assets are as follows:
| In Years
Customer relationships | 15
Developed technology | 3
Internally developed software | 4
Patents | 8
Trademarks | 6
Other | 39
Snap-on is amortizing its customer relationships on both an accelerated and straight-line basis over a 15-year weighted-average life; the remaining intangibles are amortized on a straight-line basis. The weighted-average amortization period for all amortizable intangibles on a combined basis is 11 years. The company’s customer relationships generally have contractual terms of three to five years and are typically renewed without significant cost to the company. The weighted-average 15-year life for customer relationships is based on the company’s historical renewal experience. Intangible asset renewal costs are expensed as incurred. The aggregate amortization expense was $6.2 million and $19.2 million for the respective three and nine months ended September 29, 2018, and $7.1 million and $20.7 million for the respective three and nine months ended September 30, 2017. Based on current levels of amortizable intangible assets and estimated weighted-average useful lives, estimated annual amortization expense is expected to be $25.4 million in 2018, $23.2 million in 2019, $19.3 million in 2020, $16.0 million in 2021, $14.4 million in 2022, and $12.5 million in 2023.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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