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GOODWILL AND OTHER INTANGIBLES RESULTING FROM BUSINESS ACQUISITIONS (Tables) | 12 Months Ended
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Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Net Carrying Amount of Goodwill | Changes in the net carrying amount of goodwill for 2023 and 2022 by reportable segment are shown below:
(In millions) |  | Materials Group |  | Solutions Group |  |  |  |  |  | Total
Goodwill as of January 1, 2022 |  | $ | 645.5 |  |  | $ | 1,236.0 |  |  |  |  |  |  | $ | 1,881.5 |
Acquisitions(1) |  | — |  |  | 16.3 |  |  |  |  |  |  | 16.3 |
Acquisition adjustment(2) |  | — |  |  | (.5) |  |  |  |  |  |  | (.5) |
Translation adjustments |  | (26.8) |  |  | (8.1) |  |  |  |  |  |  | (34.9) |
Goodwill as of December 31, 2022 |  | 618.7 |  |  | 1,243.7 |  |  |  |  |  |  | 1,862.4 |
Acquisitions(3) |  | — |  |  | 135.0 |  |  |  |  |  |  | 135.0 |
Translation adjustments |  | 12.0 |  |  | 4.2 |  |  |  |  |  |  | 16.2 |
Goodwill as of December 30, 2023 |  | $ | 630.7 |  |  | $ | 1,382.9 |  |  |  |  |  |  | $ | 2,013.6 |
(1)Goodwill acquired related to the 2022 Acquisitions. We expect the recognized goodwill related to the 2022 Acquisitions not to be deductible for income tax purposes. (2)Measurement period adjustment related to the finalization of the purchase price allocation for the Vestcom acquisition. (3)Goodwill acquired related to the 2023 Acquisitions. We expect substantially all of the recognized goodwill related to the 2023 Acquisitions not to be deductible for income tax purposes.
Schedule of the Amounts and Weighted Average Useful Lives of Finite-Lived Intangible Assets | The table below summarizes the amounts and weighted average useful lives of the intangible assets associated with the 2023 Acquisitions as of the acquisition date.
|  | Amount (in millions) |  | Weighted average amortization period (in years)
Customer relationships |  | $ | 68.8 |  |  | 11
Patented and other developed technology |  | 22.2 |  |  | 7
Trade names and trademarks |  | 3.0 |  |  | 6
Schedule of Finite-Lived Intangible Assets Resulting from Business Acquisitions | The table below sets forth our finite-lived intangible assets resulting from business acquisitions at December 30, 2023 and December 31, 2022, which continue to be amortized.
|  | 2023 |  | 2022
(In millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships |  | $ | 922.5 |  |  | $ | 383.7 |  |  | $ | 538.8 |  |  | $ | 852.2 |  |  | $ | 330.1 |  |  | $ | 522.1 |
Patented and other developed technology |  | 278.3 |  |  | 130.2 |  |  | 148.1 |  |  | 261.9 |  |  | 104.3 |  |  | 157.6 |
Trade names and trademarks |  | 17.4 |  |  | 11.7 |  |  | 5.7 |  |  | 14.4 |  |  | 10.3 |  |  | 4.1 |
Other intangibles |  | 3.2 |  |  | 2.0 |  |  | 1.2 |  |  | 3.2 |  |  | 1.4 |  |  | 1.8 |
Total |  | $ | 1,221.4 |  |  | $ | 527.6 |  |  | $ | 693.8 |  |  | $ | 1,131.7 |  |  | $ | 446.1 |  |  | $ | 685.6 |
Schedule of Estimated Amortization Expense for Finite Lived Intangible Assets Resulting From Business Acquisitions | We expect estimated amortization expense for finite-lived intangible assets resulting from business acquisitions for each of the next five fiscal years and thereafter to be as follows:
(In millions) |  | Estimated Amortization Expense
2024 |  | $ | 89.7 |
2025 |  | 88.9 |
2026 |  | 85.9 |
2027 |  | 85.4 |
2028 |  | 78.0 |
2029 and thereafter |  | 265.9 |

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