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GOODWILL AND OTHER INTANGIBLE ASSETS, NET | 9 Months Ended
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Oct. 01, 2022
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 by segment.
| Motion Technologies |  | Industrial Process |  | Connect & Control Technologies |  | Total
Goodwill - December 31, 2021 |  | $ | 292.3 |  |  |  |  | $ | 352.4 |  |  |  |  | $ | 279.6 |  |  |  | $ | 924.3 |
Acquired |  | — |  |  |  |  | 67.9 |  |  |  |  | 0.3 |  |  |  | 68.2 |
Foreign exchange translation |  | (10.8) |  |  |  |  | (30.8) |  |  |  |  | (3.3) |  |  |  | (44.9) |
Goodwill - October 1, 2022 |  | $ | 281.5 |  |  |  |  | $ | 389.5 |  |  |  |  | $ | 276.6 |  |  |  | $ | 947.6 |
Goodwill acquired is related to our acquisitions of Habonim and a product line from Clippard Instrument Laboratory, Inc. (Clippard) in the second quarter of 2022, and represents the preliminary calculation of the excess purchase price over the net assets acquired. The valuations of Habonim and Clippard are pending completion. Upon completion, goodwill acquired will be adjusted based on the final fair values of the net assets acquired. Refer to Note 20, Acquisitions and Investments, for further information. Other Intangible Assets, Net The following table summarizes our other intangible assets, net of accumulated amortization.
| October 1, 2022 |  | December 31, 2021
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles
Customer relationships |  | $ | 189.8 |  |  |  |  | $ | (122.9) |  |  |  |  | $ | 66.9 |  |  |  |  | $ | 162.1 |  |  |  |  | $ | (113.7) |  |  |  |  | $ | 48.4 |  |
Proprietary technology |  | 58.4 |  |  |  |  | (29.3) |  |  |  |  | 29.1 |  |  |  |  | 46.1 |  |  |  |  | (26.9) |  |  |  |  | 19.2 |  |
Patents and other |  | 17.2 |  |  |  |  | (15.5) |  |  |  |  | 1.7 |  |  |  |  | 15.7 |  |  |  |  | (14.0) |  |  |  |  | 1.7 |  |
Finite-lived intangible total |  | 265.4 |  |  |  |  | (167.7) |  |  |  |  | 97.7 |  |  |  |  | 223.9 |  |  |  |  | (154.6) |  |  |  |  | 69.3 |  |
Indefinite-lived intangibles |  | 18.6 |  |  |  |  | — |  |  |  |  | 18.6 |  |  |  |  | 16.4 |  |  |  |  | — |  |  |  |  | 16.4 |  |
Other intangible assets |  | $ | 284.0 |  |  |  |  | $ | (167.7) |  |  |  |  | $ | 116.3 |  |  |  |  | $ | 240.3 |  |  |  |  | $ | (154.6) |  |  |  |  | $ | 85.7 |  |
Amortization expense related to finite-lived intangible assets was $5.3 and $15.3, and $4.7 and $14.7 for the three and nine months ended October 1, 2022 and October 2, 2021, respectively. The preliminary fair values of intangible assets acquired in connection with the purchase of Habonim mainly include $33.0 of customer relationships with a useful life of 15 years, $8.8 of developed technology with a useful life of 20 years, $2.3 of customer backlog with a useful life of 9 months, and $3.1 for a trade name with an indefinite life. Refer to Note 20, Acquisitions and Investments, for further information. Separately, we acquired proprietary technology and customer relationships with preliminary fair values of $5.5 and $0.5, respectively, both with a useful life of 10 years, in connection with the purchase of the Clippard product line in the second quarter of 2022. Refer to Note 20, Acquisitions and Investments, for further information. Estimated amortization expense for each of the five succeeding years and thereafter is as follows:
Remaining of 2022 | 6.7 |
2023 | 19.4 |
2024 | 14.0 |
2025 | 13.2 |
2026 | 9.4 |
2027 | 8.1 |
Thereafter | 26.9 |

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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