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GOODWILL AND OTHER INTANGIBLE ASSETS, NET | 6 Months Ended
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Jul. 03, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS, NET | GOODWILL AND OTHER INTANGIBLE ASSETS, NET Goodwill The following table provides a rollforward of the carrying amount of goodwill for the six months ended July 3, 2021 by segment.
| Motion Technologies |  | Industrial Process |  | Connect & Control Technologies |  | Total
Goodwill - December 31, 2020 |  | $ | 298.1 |  |  |  |  | $ | 365.4 |  |  |  |  | $ | 281.3 |  |  |  | $ | 944.8 |
Foreign exchange translation |  | (2.4) |  |  |  |  | (5.4) |  |  |  |  | (0.7) |  |  |  | (8.5) |
Goodwill - July 3, 2021 |  | $ | 295.7 |  |  |  |  | $ | 360.0 |  |  |  |  | $ | 280.6 |  |  |  | $ | 936.3 |
Other Intangible Assets, Net Information regarding our other intangible assets is as follows:
| July 3, 2021 |  | December 31, 2020
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles
Customer relationships |  | $ | 162.9 |  |  |  |  | $ | (107.9) |  |  |  |  | $ | 55.0 |  |  |  |  | $ | 163.3 |  |  |  |  | $ | (101.7) |  |  |  |  | $ | 61.6 |  |
Proprietary technology |  | 46.4 |  |  |  |  | (25.2) |  |  |  |  | 21.2 |  |  |  |  | 46.7 |  |  |  |  | (23.4) |  |  |  |  | 23.3 |  |
Patents and other |  | 16.2 |  |  |  |  | (13.2) |  |  |  |  | 3.0 |  |  |  |  | 16.2 |  |  |  |  | (11.5) |  |  |  |  | 4.7 |  |
Finite-lived intangible total |  | 225.5 |  |  |  |  | (146.3) |  |  |  |  | 79.2 |  |  |  |  | 226.2 |  |  |  |  | (136.6) |  |  |  |  | 89.6 |  |
Indefinite-lived intangibles |  | 16.6 |  |  |  |  | — |  |  |  |  | 16.6 |  |  |  |  | 16.8 |  |  |  |  | — |  |  |  |  | 16.8 |  |
Other intangible assets |  | $ | 242.1 |  |  |  |  | $ | (146.3) |  |  |  |  | $ | 95.8 |  |  |  |  | $ | 243.0 |  |  |  |  | $ | (136.6) |  |  |  |  | $ | 106.4 |  |
As a result of the global COVID-19 pandemic combined with a decline in the upstream oil and gas market, during the first quarter of 2020, we determined that certain intangible assets within the IP segment including an indefinite-lived trademark, customer relationships and proprietary technology, would not be recoverable resulting in an impairment of $12.3. Significant additional adverse changes to the economic environment or future cash flows of our businesses could cause us to record additional impairment charges in future periods, which may be material. Amortization expense related to finite-lived intangible assets was $4.9 and $4.2, and $10.0 and $9.0 for the three and six months ended July 3, 2021 and June 27, 2020, respectively.

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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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