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GOODWILL AND OTHER INTANGIBLE ASSETS
 6 Months Ended
Jul. 01, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
The changes in the carrying amount of goodwill, by reportable segment, were as follows:
 
December 31,
2016
 
Impairments
 
Foreign
Currency
Translation
and Other
 
July 1,
2017
HVAC segment
 

 
 

 
 

 
 

Gross goodwill
$
258.5

 
$
—

 
$
3.3

 
$
261.8

Accumulated impairments
(144.2
)
 
—

 
(0.3
)
 
(144.5
)
Goodwill
114.3

 
—

 
3.0

 
117.3

 
 
 
 
 
 
 
 
Detection and Measurement segment
 

 
 

 
 

 
 

Gross goodwill
214.4

 
—

 
1.4

 
215.8

Accumulated impairments
(134.2
)
 
—

 
(1.1
)
 
(135.3
)
Goodwill
80.2

 
—

 
0.3

 
80.5

 
 
 
 
 
 
 
 
Engineered Solutions segment
 

 
 

 
 

 
 

Gross goodwill
351.4

 
—

 
4.6

 
356.0

Accumulated impairments
(205.5
)
 
—

 
(4.2
)
 
(209.7
)
Goodwill
145.9

 
—

 
0.4

 
146.3

 
 
 
 
 
 
 
 
Total
 

 
 

 
 

 
 

Gross goodwill
824.3

 
—

 
9.3

 
833.6

Accumulated impairments
(483.9
)
 
—

 
(5.6
)
 
(489.5
)
Goodwill
$
340.4

 
$
—

 
$
3.7

 
$
344.1



Other Intangibles, Net
Identifiable intangible assets at July 1, 2017 and December 31, 2016 comprised the following:
 
July 1, 2017
 
December 31, 2016
 
Gross
Carrying
Value
 
Accumulated
Amortization
 
Net
Carrying
Value
 
Gross
Carrying
Value
 
Accumulated
Amortization
 
Net
Carrying
Value
Intangible assets with determinable lives:
 

 
 

 
 

 
 

 
 

 
 

Customer relationships
$
1.4

 
$
(1.4
)
 
$
—

 
$
1.4

 
$
(1.4
)
 
$
—

Technology
2.1

 
(0.4
)
 
1.7

 
2.1

 
(0.4
)
 
1.7

Patents
4.5

 
(4.5
)
 
—

 
4.5

 
(4.5
)
 
—

Other
12.7

 
(7.7
)
 
5.0

 
12.7

 
(7.4
)
 
5.3

 
20.7

 
(14.0
)
 
6.7

 
20.7

 
(13.7
)
 
7.0

Trademarks with indefinite lives
111.7

 
—

 
111.7

 
110.9

 
—

 
110.9

Total (1)
$
132.4

 
$
(14.0
)
 
$
118.4

 
$
131.6

 
$
(13.7
)
 
$
117.9

___________________________
(1) 
Changes in the gross carrying values of “Other Intangibles, Net” during the six months ended July 1, 2017 related to foreign currency translation.
At July 1, 2017, the net carrying value of intangible assets with determinable lives consisted of $4.0 in the HVAC segment and $2.7 in the Engineered Solutions segment. At July 1, 2017, trademarks with indefinite lives consisted of $89.3 in the HVAC segment, $10.0 in the Detection and Measurement segment and $12.4 in the Engineered Solutions segment.
We perform our annual goodwill impairment testing during the fourth quarter in conjunction with our annual financial planning process, with such testing based primarily on events and circumstances existing as of the end of the third quarter. In addition, we test goodwill for impairment on a more frequent basis if there are indications of potential impairment. A significant amount of judgment is involved in determining if an indication of impairment has occurred between annual testing dates. Such indication may include: a significant decline in expected future cash flows; a significant adverse change in legal factors or the business climate; unanticipated competition; and a more likely than not expectation of selling or disposing all, or a portion, of a reporting unit.
We perform our annual trademarks impairment testing during the fourth quarter, or on a more frequent basis if there are indications of potential impairment. The fair values of our trademarks are determined by applying estimated royalty rates to projected revenues, with the resulting cash flows discounted at a rate of return that reflects current market conditions (fair value based on unobservable inputs - Level 3, as defined in Note 15). The primary basis for these projected revenues is the annual operating plan for each of the related businesses, which is prepared in the fourth quarter of each year.
In the first quarter of 2016, we recorded an impairment charge of $4.0 related to trademarks of our Heat Transfer business. No impairment charges were recorded in the first half of 2017.