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GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables) | 3 Months Ended
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Mar. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the Carrying Amount of Goodwill Table | 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, 2024 | $ | 272.4 |  |  | $ | 593.3 |  |  | $ | 564.4 |  |  | $ | 1,430.1 |
Acquired | — |  |  | 4.2 |  |  | — |  |  | 4.2 |
Adjustments to purchase price allocations | — |  |  | — |  |  | (0.7) |  |  | (0.7) |
Foreign exchange translation | 3.5 |  |  | 16.5 |  |  | 0.7 |  |  | 20.7 |
Goodwill - March 29, 2025 | $ | 275.9 |  |  | $ | 614.0 |  |  | $ | 564.4 |  |  | $ | 1,454.3 |
Other Intangible Assets Table | Other Intangible Assets, Net The following table summarizes our other intangible assets, net of accumulated amortization.
| March 29, 2025 |  | December 31, 2024
As of the Period Ended | Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles
Customer relationships | $ | 387.2 |  |  | $ | (98.0) |  |  | $ | 289.2 |  |  | $ | 383.8 |  |  | $ | (92.6) |  |  | $ | 291.2 |
Developed technology | 107.8 |  |  | (25.8) |  |  | 82.0 |  |  | 105.3 |  |  | (23.8) |  |  | 81.5 |
Patents and other | 56.9 |  |  | (42.1) |  |  | 14.8 |  |  | 56.7 |  |  | (35.1) |  |  | 21.6 |
Finite-lived intangible total | 551.9 |  |  | (165.9) |  |  | 386.0 |  |  | 545.8 |  |  | (151.5) |  |  | 394.3 |
Indefinite-lived intangibles | 60.8 |  |  | — |  |  | 60.8 |  |  | 59.8 |  |  | — |  |  | 59.8 |
Other intangible assets | $ | 612.7 |  |  | $ | (165.9) |  |  | $ | 446.8 |  |  | $ | 605.6 |  |  | $ | (151.5) |  |  | $ | 454.1 |
Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived | The fair values of intangible assets acquired in connection with the purchase of kSARIA consist of the following:
|  |  |  | Useful life (in years) |  | Fair value
Customer relationships |  |  |  | 17 |  | $ | 141.0 |
Trade name |  |  |  | Indefinite |  | 26.0 |
Backlog |  |  |  | 1.3 |  | 17.0 |
Other(a) |  |  |  | 3 - 7 |  | 1.1 |
Total intangible assets acquired |  |  |  |  |  | $ | 185.1 |
(a)Other intangible assets for kSARIA reflect favorable lease intangibles.
Finite-Lived Intangible Assets Amortization Expense | The following table summarizes our amortization expense related to finite-lived intangible assets.
For the Three Months Ended | March 29, 2025 |  | March 30, 2024 |  |  |  |
Amortization expense | $ | 14.0 |  |  | $ | 9.6 |  |  |  |  |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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