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GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables) | 6 Months Ended
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Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the Carrying Amount of Goodwill Table | Goodwill The following table provides a rollforward of the carrying amount of goodwill by segment.
| Motion Technologies |  | Industrial Process |  | Connect & Control Technologies |  | Total
Goodwill - December 31, 2021 |  | $ | 292.3 |  |  |  |  | $ | 352.4 |  |  |  |  | $ | 279.6 |  |  |  | $ | 924.3 |
Acquired |  | — |  |  |  |  | 68.7 |  |  |  |  | — |  |  |  | 68.7 |
Foreign exchange translation |  | (6.5) |  |  |  |  | (20.7) |  |  |  |  | (2.0) |  |  |  | (29.2) |
Goodwill - July 2, 2022 |  | $ | 285.8 |  |  |  |  | $ | 400.4 |  |  |  |  | $ | 277.6 |  |  |  | $ | 963.8 |
Goodwill acquired is related to our acquisition of Habonim in the second quarter of 2022 and represents the preliminary calculation of the excess purchase price over the net assets acquired, the valuation of which is pending completion. Upon completion, goodwill acquired will be adjusted to reflect the final fair value of the net assets acquired. Refer to Note 19, Acquisitions and Investments, for further information.
Other Intangible Assets Table | Other Intangible Assets, Net The following table summarizes our other intangible assets, net of accumulated amortization.
| July 2, 2022 |  | December 31, 2021
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles
Customer relationships |  | $ | 190.6 |  |  |  |  | $ | (120.0) |  |  |  |  | $ | 70.6 |  |  |  |  | $ | 162.1 |  |  |  |  | $ | (113.7) |  |  |  |  | $ | 48.4 |  |
Proprietary technology |  | 58.9 |  |  |  |  | (28.5) |  |  |  |  | 30.4 |  |  |  |  | 46.1 |  |  |  |  | (26.9) |  |  |  |  | 19.2 |  |
Patents and other |  | 17.3 |  |  |  |  | (14.8) |  |  |  |  | 2.5 |  |  |  |  | 15.7 |  |  |  |  | (14.0) |  |  |  |  | 1.7 |  |
Finite-lived intangible total |  | 266.8 |  |  |  |  | (163.3) |  |  |  |  | 103.5 |  |  |  |  | 223.9 |  |  |  |  | (154.6) |  |  |  |  | 69.3 |  |
Indefinite-lived intangibles |  | 18.2 |  |  |  |  | — |  |  |  |  | 18.2 |  |  |  |  | 16.4 |  |  |  |  | — |  |  |  |  | 16.4 |  |
Other intangible assets |  | $ | 285.0 |  |  |  |  | $ | (163.3) |  |  |  |  | $ | 121.7 |  |  |  |  | $ | 240.3 |  |  |  |  | $ | (154.6) |  |  |  |  | $ | 85.7 |  |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Estimated amortization expense for each of the five succeeding years and thereafter is as follows:
Remaining of 2022 | 10.9 |
2023 | 19.5 |
2024 | 14.1 |
2025 | 13.3 |
2026 | 9.5 |
2027 | 8.2 |
Thereafter | 28.0 |

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