XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.22.2

Goodwill & Intangibles (Tables) | 6 Months Ended
--- | ---
Jun. 26, 2022
Goodwill & Intangibles |
Changes in the carrying amount of goodwill by geographic segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross Balance | ​ | Accumulated Impairment Losses | ​ | Foreign Currency Translation | ​ | Net Goodwill
​ | ​ | ​ | ​ | Acquired | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | January 1, | ​ | ​
​ | ​ | Balance | ​ | During | ​ | Balance | ​ | Balance | ​ | Impairment | ​ | Balance | ​ | 2022 - | ​ | ​
​ | ​ | January 1, | ​ | the | ​ | June 26, | ​ | January 1, | ​ | Loss During | ​ | June 26, | ​ | June 26, | ​ | June 26,
​ |  | 2022 |  | Period |  | 2022 |  | 2022 |  | the Period |  | 2022 |  | 2022 |  | 2022
​ | ​ | (in millions)
Americas | ​ | $ | 490.9 | ​ | $ | — | ​ | $ | 490.9 | ​ | $ | (24.5) | ​ | $ | — | ​ | $ | (24.5) | ​ | $ | (0.2) | ​ | $ | 466.2
Europe | ​ |  | 242.9 | ​ |  | — | ​ |  | 242.9 | ​ |  | (129.7) | ​ |  | — | ​ |  | (129.7) | ​ |  | (8.1) | ​ |  | 105.1
APMEA | ​ |  | 34.0 | ​ |  | — | ​ |  | 34.0 | ​ |  | (12.9) | ​ |  | — | ​ |  | (12.9) | ​ |  | (1.5) | ​ |  | 19.6
Total | ​ | $ | 767.8 | ​ | $ | — | ​ | $ | 767.8 | ​ | $ | (167.1) | ​ | $ | — | ​ | $ | (167.1) | ​ | $ | (9.8) | ​ | $ | 590.9
Schedule of Intangible assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 26, 2022 | ​ | December 31, 2021
​ | ​ | Gross | ​ | ​ | ​ | ​ | Net | ​ | Gross | ​ | ​ | ​ | ​ | Net
​ | ​ | Carrying | ​ | Accumulated | ​ | Carrying | ​ | Carrying | ​ | Accumulated | ​ | Carrying
​ |  | Amount |  | Amortization |  | Amount |  | Amount |  | Amortization |  | Amount
​ | ​ | (in millions)
Patents | ​ | $ | 16.1 | ​ | $ | (16.1) | ​ | $ | — | ​ | $ | 16.1 | ​ | $ | (16.1) | ​ | $ | —
Customer relationships | ​ |  | 237.0 | ​ |  | (176.8) | ​ |  | 60.2 | ​ |  | 237.5 | ​ |  | (173.1) | ​ |  | 64.4
Technology | ​ |  | 57.4 | ​ |  | (42.7) | ​ |  | 14.7 | ​ |  | 58.6 | ​ |  | (40.7) | ​ |  | 17.9
Trade names | ​ |  | 26.6 | ​ |  | (17.4) | ​ |  | 9.2 | ​ |  | 26.8 | ​ |  | (16.9) | ​ |  | 9.9
Other | ​ |  | 4.3 | ​ |  | (3.8) | ​ |  | 0.5 | ​ |  | 4.3 | ​ |  | (3.8) | ​ |  | 0.5
Total amortizable intangibles | ​ |  | 341.4 | ​ |  | (256.8) | ​ |  | 84.6 | ​ |  | 343.3 | ​ |  | (250.6) | ​ |  | 92.7
Indefinite-lived intangible assets | ​ |  | 34.8 | ​ |  | — | ​ |  | 34.8 | ​ |  | 35.9 | ​ |  | — | ​ |  | 35.9
​ | ​ | $ | 376.2 | ​ | $ | (256.8) | ​ | $ | 119.4 | ​ | $ | 379.2 | ​ | $ | (250.6) | ​ | $ | 128.6

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: | dtr-types: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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration