XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.20.2

Goodwill & Intangibles (Tables) | 9 Months Ended
--- | ---
Sep. 27, 2020
Goodwill & Intangibles |
Changes in the carrying amount of goodwill by geographic segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 27, 2020
​ | ​ | Gross Balance | ​ | Accumulated Impairment Losses | ​ | Net Goodwill
​ | ​ | ​ | ​ | Acquired | ​ | Foreign | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Balance | ​ | During | ​ | Currency | ​ | Balance | ​ | Balance | ​ | Impairment | ​ | Balance | ​ | ​
​ | ​ | January 1, | ​ | the | ​ | Translation | ​ | September 27, | ​ | January 1, | ​ | Loss During | ​ | September 27, | ​ | September 27,
​ |  | 2020 |  | Period |  | and Other |  | 2020 |  | 2020 |  | the Period |  | 2020 |  | 2020
​ | ​ | (in millions)
Americas | ​ | $ | 476.8 | ​ | ​ | — | ​ | $ | (0.3) | ​ | $ | 476.5 | ​ | $ | (24.5) | ​ | ​ | — | ​ | $ | (24.5) | ​ | $ | 452.0
Europe | ​ |  | 241.4 | ​ |  | — | ​ |  | 4.7 | ​ |  | 246.1 | ​ |  | (129.7) | ​ |  | — | ​ |  | (129.7) | ​ |  | 116.4
APMEA | ​ |  | 30.0 | ​ |  | 3.9 | ​ |  | (0.7) | ​ |  | 33.2 | ​ |  | (12.9) | ​ |  | — | ​ |  | (12.9) | ​ |  | 20.3
Total | ​ | $ | 748.2 | ​ | ​ | 3.9 | ​ | $ | 3.7 | ​ | $ | 755.8 | ​ | $ | (167.1) | ​ | ​ | — | ​ | $ | (167.1) | ​ | $ | 588.7
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2019
​ | ​ | Gross Balance | ​ | Accumulated Impairment Losses | ​ | Net Goodwill
​ | ​ | ​ | ​ | Acquired | ​ | Foreign | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Balance | ​ | During | ​ | Currency | ​ | Balance | ​ | Balance | ​ | Impairment | ​ | Balance | ​ | ​
​ | ​ | January 1, | ​ | the | ​ | Translation | ​ | December 31, | ​ | January 1, | ​ | Loss During | ​ | December 31, | ​ | December 31,
​ |  | 2019 |  | Period |  | and Other |  | 2019 |  | 2019 |  | the Period |  | 2019 |  | 2019
​ | ​ | (in millions)
Americas | ​ | $ | 438.1 | ​ | $ | 38.3 | ​ | $ | 0.4 | ​ | $ | 476.8 | ​ | $ | (24.5) | ​ | $ | — | ​ | $ | (24.5) | ​ | $ | 452.3
Europe | ​ |  | 243.7 | ​ |  | — | ​ |  | (2.3) | ​ |  | 241.4 | ​ |  | (129.7) | ​ |  | — | ​ |  | (129.7) | ​ |  | 111.7
APMEA | ​ |  | 30.1 | ​ |  | — | ​ |  | (0.1) | ​ |  | 30.0 | ​ |  | (12.9) | ​ |  | — | ​ |  | (12.9) | ​ |  | 17.1
Total | ​ | $ | 711.9 | ​ | $ | 38.3 | ​ | $ | (2.0) | ​ | $ | 748.2 | ​ | $ | (167.1) | ​ | $ | — | ​ | $ | (167.1) | ​ | $ | 581.1
Schedule of Intangible assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 27, 2020 | ​ | December 31, 2019
​ | ​ | Gross | ​ | ​ | ​ | ​ | Net | ​ | Gross | ​ | ​ | ​ | ​ | Net
​ | ​ | Carrying | ​ | Accumulated | ​ | Carrying | ​ | Carrying | ​ | Accumulated | ​ | Carrying
​ |  | Amount |  | Amortization |  | Amount |  | Amount |  | Amortization |  | Amount
​ | ​ | (in millions)
Patents | ​ | $ | 16.1 | ​ | $ | (16.0) | ​ | $ | 0.1 | ​ | $ | 16.1 | ​ | $ | (15.9) | ​ | $ | 0.2
Customer relationships | ​ |  | 234.4 | ​ |  | (163.3) | ​ |  | 71.1 | ​ |  | 232.8 | ​ |  | (156.3) | ​ |  | 76.5
Technology | ​ |  | 56.8 | ​ |  | (34.9) | ​ |  | 21.9 | ​ |  | 56.9 | ​ |  | (31.6) | ​ |  | 25.3
Trade names | ​ |  | 26.7 | ​ |  | (14.0) | ​ |  | 12.7 | ​ |  | 26.0 | ​ |  | (13.1) | ​ |  | 12.9
Other | ​ |  | 4.3 | ​ |  | (3.7) | ​ |  | 0.6 | ​ |  | 4.3 | ​ |  | (3.6) | ​ |  | 0.7
Total amortizable intangibles | ​ |  | 338.3 | ​ |  | (231.9) | ​ |  | 106.4 | ​ |  | 336.1 | ​ |  | (220.5) | ​ |  | 115.6
Indefinite-lived intangible assets | ​ |  | 36.5 | ​ |  | — | ​ |  | 36.5 | ​ |  | 35.8 | ​ |  | — | ​ |  | 35.8
​ | ​ | $ | 374.8 | ​ | $ | (231.9) | ​ | $ | 142.9 | ​ | $ | 371.9 | ​ | $ | (220.5) | ​ | $ | 151.4

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of amortizable finite-lived intangible assets, including the gross carrying amount and accumulated amortization along with the disclosure of the carrying value of indefinite-lived intangible assets not subject to amortization, excluding goodwill, in total and by major class. + References No definition available. + Details
Name: | wts_ScheduleOfFiniteLivedAndIndefiniteLivedIntangibleAssetsByMajorClassTableTextBlock
Namespace Prefix: | wts_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration