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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 28, 2014
GOODWILL AND OTHER INTANGIBLE ASSETS |
Schedule of changes in the carrying amount of goodwill, by reportable segment and other operating segments |
|  |  |  | Goodwill |  |  |  | Foreign |  |  |
|  |  |  | Resulting from |  |  |  | Currency |  |  |
|  | December 31, |  | Business |  |  |  | Translation |  | June 28, |
|  | 2013 |  | Combinations |  | Impairments |  | and Other |  | 2014 |
Flow Technology reportable segment |  |  |  |  |  |  |  |  |  |  |
Gross goodwill |  | $ | 1,120.2 |  | $ | — |  | $ | — |  | $ | 2.1 |  | $ | 1,122.3 |
Accumulated impairments |  | — |  | — |  | — |  | — |  | — |
Goodwill |  | 1,120.2 |  | — |  | — |  | 2.1 |  | 1,122.3 |
Thermal Equipment and Services reportable segment |  |  |  |  |  |  |  |  |  |  |
Gross goodwill |  | 570.0 |  | — |  | — |  | (0.5 | ) | 569.5 |
Accumulated impairments |  | (399.5 | ) | — |  | — |  | 0.3 |  | (399.2 | )
Goodwill |  | 170.5 |  | — |  | — |  | (0.2 | ) | 170.3 |
Industrial Products and Services and Other |  |  |  |  |  |  |  |  |  |  |
Gross goodwill |  | 366.8 |  | — |  | — |  | 1.9 |  | 368.7 |
Accumulated impairments |  | (140.5 | ) | — |  | — |  | (1.2 | ) | (141.7 | )
Goodwill |  | 226.3 |  | — |  | — |  | 0.7 |  | 227.0 |
Total |  |  |  |  |  |  |  |  |  |  |
Gross goodwill |  | 2,057.0 |  | — |  | — |  | 3.5 |  | 2,060.5 |
Accumulated impairments |  | (540.0 | ) | — |  | — |  | (0.9 | ) | (540.9 | )
Goodwill |  | $ | 1,517.0 |  | $ | — |  | $ | — |  | $ | 2.6 |  | $ | 1,519.6 |
Schedule of identifiable intangible assets |
|  | June 28, 2014 |  | December 31, 2013 |
|  | Gross |  |  |  | Net |  | Gross |  |  |  | Net |
|  | Carrying |  | Accumulated |  | Carrying |  | Carrying |  | Accumulated |  | Carrying |
|  | Value |  | Amortization |  | Value |  | Value |  | Amortization |  | Value |
Intangible assets with determinable lives: |  |  |  |  |  |  |  |  |  |  |  |  |
Patent |  | $11.6 |  | $(8.6 | ) | $3.0 |  | $11.5 |  | $(8.3 | ) | $3.2 |
Technology |  | 197.7 |  | (58.6 | ) | 139.1 |  | 196.3 |  | (52.4 | ) | 143.9 |
Customer relationships |  | 415.7 |  | (88.8 | ) | 326.9 |  | 412.0 |  | (78.6 | ) | 333.4 |
Other |  | 30.4 |  | (19.0 | ) | 11.4 |  | 31.0 |  | (18.6 | ) | 12.4 |
|  | 655.4 |  | (175.0 | ) | 480.4 |  | 650.8 |  | (157.9 | ) | 492.9 |
Trademarks with indefinite lives |  | 434.6 |  | — |  | 434.6 |  | 431.8 |  | — |  | 431.8 |
Total |  | $1,090.0 |  | $(175.0 | ) | $915.0 |  | $1,082.6 |  | $(157.9 | ) | $924.7 |

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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 + Details
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