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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 27, 2015
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 27, |
|  | 2014 |  | Combinations |  | Impairments |  | and Other |  | 2015 |
Flow Technology reportable segment |  |  |  |  |  |  |  |  |  |  |
Gross goodwill |  | $ | 1,036.5 |  | $ | — |  | $ | — |  | $ | (33.9 | ) | $ | 1,002.6 |
Accumulated impairments |  | — |  | — |  | — |  | — |  | — |
Goodwill |  | 1,036.5 |  | — |  | — |  | (33.9 | ) | 1,002.6 |
Thermal Equipment and Services reportable segment |  |  |  |  |  |  |  |  |  |  |
Gross goodwill |  | 553.3 |  | — |  | — |  | (13.2 | ) | 540.1 |
Accumulated impairments |  | (391.4 | ) | — |  | — |  | 7.6 |  | (383.8 | )
Goodwill |  | 161.9 |  | — |  | — |  | (5.6 | ) | 156.3 |
Industrial Products and Services and Other |  |  |  |  |  |  |  |  |  |  |
Gross goodwill |  | 396.1 |  | — |  | — |  | 0.4 |  | 396.5 |
Accumulated impairments |  | (139.1 | ) | — |  | — |  | (0.2 | ) | (139.3 | )
Goodwill |  | 257.0 |  | — |  | — |  | 0.2 |  | 257.2 |
Total |  |  |  |  |  |  |  |  |  |  |
Gross goodwill |  | 1,985.9 |  | — |  | — |  | (46.7 | ) | 1,939.2 |
Accumulated impairments |  | (530.5 | ) | — |  | — |  | 7.4 |  | (523.1 | )
Goodwill |  | $ | 1,455.4 |  | $ | — |  | $ | — |  | $ | (39.3 | ) | $ | 1,416.1 |
Schedule of identifiable intangible assets |
|  | June 27, 2015 |  | December 31, 2014 |
|  | Gross |  |  |  | Net |  | Gross |  |  |  | Net |
|  | Carrying |  | Accumulated |  | Carrying |  | Carrying |  | Accumulated |  | Carrying |
|  | Value |  | Amortization |  | Value |  | Value |  | Amortization |  | Value |
Intangible assets with determinable lives: |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 379.3 |  | $ | (97.4 | ) | $ | 281.9 |  | $ | 388.6 |  | $ | (91.7 | ) | $ | 296.9 |
Technology |  | 175.9 |  | (61.7 | ) | 114.2 |  | 183.8 |  | (59.8 | ) | 124.0 |
Patents |  | 11.3 |  | (8.9 | ) | 2.4 |  | 11.3 |  | (8.8 | ) | 2.5 |
Other |  | 27.9 |  | (18.4 | ) | 9.5 |  | 28.7 |  | (18.3 | ) | 10.4 |
|  | 594.4 |  | (186.4 | ) | 408.0 |  | 612.4 |  | (178.6 | ) | 433.8 |
Trademarks with indefinite lives |  | 391.2 |  | — |  | 391.2 |  | 397.2 |  | — |  | 397.2 |
Total |  | $ | 985.6 |  | $ | (186.4 | ) | $ | 799.2 |  | $ | 1,009.6 |  | $ | (178.6 | ) | $ | 831.0 |

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