XML 41 R31.htm IDEA: XBRL DOCUMENT v3.19.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
The changes in the carrying amount of goodwill for the three months ended March 30, 2019, were as follows:
 
December 31,
2018
 
Goodwill
Resulting from
Business
Combinations (1)
 
Impairments
 
Foreign
Currency
Translation
 
March 30,
2019
HVAC reportable segment
 

 
 
 
 

 
 

 
 

Gross goodwill
$
261.8

 
$
—

 
$
—

 
$
(0.2
)
 
$
261.6

Accumulated impairments
(144.4
)
 
—

 
—

 
(0.2
)
 
(144.6
)
Goodwill
117.4

 
—

 
—

 
(0.4
)
 
117.0

 
 
 
 
 
 
 
 
 
 
Detection and Measurement reportable segment
 

 
 

 
 

 
 

 
 

Gross goodwill
265.0

 
35.7

 
—

 
1.5

 
302.2

Accumulated impairments
(134.3
)
 
—

 
—

 
(1.2
)
 
(135.5
)
Goodwill
130.7

 
35.7

 
—

 
0.3

 
166.7

 
 
 
 
 
 
 
 
 
 
Engineered Solutions reportable segment
 

 
 

 
 

 
 

 
 

Gross goodwill
335.3

 
—

 
—

 
(0.6
)
 
334.7

Accumulated impairments
(189.0
)
 
—

 
—

 
0.6

 
(188.4
)
Goodwill
146.3

 
—

 
—

 
—

 
146.3

 
 
 
 
 
 
 
 
 
 
All Other
 
 
 
 
 
 
 
 
 
Gross goodwill
20.8

 
—

 
—

 
—

 
20.8

Accumulated impairments
(20.8
)
 
—

 
—

 
—

 
(20.8
)
Goodwill
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
Total
 

 
 

 
 

 
 

 
 

Gross goodwill
882.9

 
35.7

 
—

 
0.7

 
919.3

Accumulated impairments
(488.5
)
 
—

 
—

 
(0.8
)
 
(489.3
)
Goodwill
$
394.4

 
$
35.7

 
$
—

 
$
(0.1
)
 
$
430.0

___________________________
(1) 
Reflects goodwill acquired in connection with the Sabik acquisition of $36.5, partially offset by a reduction in Cues’ goodwill during the period of $0.8 resulting from revisions to the valuation of certain income tax accounts.
Schedule of Identifiable Intangible Assets
Identifiable intangible assets at March 30, 2019 and December 31, 2018 comprised the following:
 
March 30, 2019
 
December 31, 2018
 
Gross
Carrying
Value
 
Accumulated
Amortization
 
Net
Carrying
Value
 
Gross
Carrying
Value
 
Accumulated
Amortization
 
Net
Carrying
Value
Intangible assets with determinable lives:(1)
 

 
 

 
 

 
 

 
 

 
 

Customer relationships
$
61.1

 
$
(4.7
)
 
$
56.4

 
$
44.8

 
$
(3.5
)
 
$
41.3

Technology
26.2

 
(1.4
)
 
24.8

 
17.1

 
(1.1
)
 
16.0

Patents
4.5

 
(4.5
)
 
—

 
4.5

 
(4.5
)
 
—

Other
11.8

 
(8.0
)
 
3.8

 
11.3

 
(7.9
)
 
3.4

 
103.6

 
(18.6
)
 
85.0

 
77.7

 
(17.0
)
 
60.7

Trademarks with indefinite lives(2)
146.9

 
—

 
146.9

 
137.7

 
—

 
137.7

Total
$
250.5

 
$
(18.6
)
 
$
231.9

 
$
215.4

 
$
(17.0
)
 
$
198.4

___________________________
(1) 
The identifiable intangible assets associated with the Sabik acquisition consist of customer backlog, customer relationships, definite lived trademarks, and technology of $0.4, $16.3, $0.2 and $9.1, respectively.
(2) 
Changes during the three months ended March 30, 2019 related primarily to the acquisition of Sabik trademarks of $9.0.