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ACQUISITIONS Acquisitions (Tables) | 6 Months Ended
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Jun. 29, 2024
Acquisitions [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |
Allocation of Purchase Price | Micro-Mode (Final) | Svanehoj (Preliminary)
Receivables | $ | 2.7 |  | $ | 22.4 |
Inventory | 5.3 |  | 39.8 |
Plant, property and equipment | 6.1 |  | 19.1 |
Goodwill(a) | 44.9 |  | 215.4 |
Other intangible assets | 28.7 |  | 212.6 |
Other assets | 0.2 |  | 9.0 |
Accounts payable and accrued liabilities | (2.6) |  | (28.0) |
Other liabilities | (6.3) |  | (52.9) |
Contract liabilities | — |  | (29.8) |
Net assets acquired | $ | 79.0 |  | $ | 407.6 |
Disposal Groups, Including Discontinued Operations | The following table presents the carrying amounts of the major classes of assets and liabilities that were classified as held for sale:
As of the Period Ended | June 29, 2024 |  |
Assets held for sale |  |  |
Current assets held for sale: |  |  |
Cash and cash equivalents | $ | 14.9 |  |  |
Receivables, net | 32.7 |  |  |
Inventories | 44.5 |  |  |
Other current assets | 0.4 |  |  |
Total current assets held for sale | 92.5 |  |  |
Non-current assets held for sale: |  |  |
Plant, property and equipment, net | 26.1 |  |  |
Goodwill | 16.0 |  |  |
Other intangible assets, net | 9.4 |  |  |
Other non-current assets | 8.5 |  |  |
Total non-current assets held for sale | 60.0 |  |  |
Total assets held for sale | $ | 152.5 |  |  |
Liabilities held for sale |  |  |
Current liabilities held for sale: |  |  |
Accounts payable | $ | 22.3 |  |  |
Accrued and other current liabilities | 7.1 |  |  |
Total current liabilities held for sale | 29.4 |  |  |
Non-current liabilities held for sale: |  |  |
Postretirement benefits | 2.3 |  |  |
Other non-current liabilities | 3.2 |  |  |
Total non-current liabilities held for sale | 5.5 |  |  |
Total liabilities held for sale | $ | 34.9 |  |  |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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