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GOODWILL AND OTHER INTANGIBLE ASSETS | 3 Months Ended
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Mar. 28, 2020
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 for the three months ended March 28, 2020 were as follows:
| December 31, 2019 |  |  |  | Goodwill Resulting from Business Combinations (1) |  | Impairments |  |  |  | Foreign Currency Translation |  | March 28, 2020
HVAC reportable segment |  |  |  |  |  |  |  |  |  |  |  |  |
Gross goodwill | $ | 277.1 |  |  |  |  | $ | (0.1) |  |  | $ | — |  |  |  |  | $ | (1.7) |  |  | $ | 275.3 |
Accumulated impairments | (144.6) |  |  |  |  | — |  |  | — |  |  |  |  | 0.5 |  |  | (144.1) |
Goodwill | 132.5 |  |  |  |  | (0.1) |  |  | — |  |  |  |  | (1.2) |  |  | 131.2 |
Detection and Measurement reportable segment |  |  |  |  |  |  |  |  |  |  |  |  |
Gross goodwill | 304.1 |  |  |  |  | — |  |  | — |  |  |  |  | (4.3) |  |  | 299.8 |
Accumulated impairments | (133.6) |  |  |  |  | — |  |  | — |  |  |  |  | 2.9 |  |  | (130.7) |
Goodwill | 170.5 |  |  |  |  | — |  |  | — |  |  |  |  | (1.4) |  |  | 169.1 |
Engineered Solutions reportable segment |  |  |  |  |  |  |  |  |  |  |  |  |
Gross goodwill | 334.2 |  |  |  |  | — |  |  | — |  |  |  |  | (2.5) |  |  | 331.7 |
Accumulated impairments | (187.9) |  |  |  |  | — |  |  | — |  |  |  |  | 2.5 |  |  | (185.4) |
Goodwill | 146.3 |  |  |  |  | — |  |  | — |  |  |  |  | — |  |  | 146.3 |
All Other |  |  |  |  |  |  |  |  |  |  |  |  |
Gross goodwill | 20.8 |  |  |  |  | — |  |  | — |  |  |  |  | — |  |  | 20.8 |
Accumulated impairments | (20.8) |  |  |  |  | — |  |  | — |  |  |  |  | — |  |  | (20.8) |
Goodwill | — |  |  |  |  | — |  |  | — |  |  |  |  | — |  |  | — |
Total |  |  |  |  |  |  |  |  |  |  |  |  |
Gross goodwill | 936.2 |  |  |  |  | (0.1) |  |  | — |  |  |  |  | (8.5) |  |  | 927.6 |
Accumulated impairments | (486.9) |  |  |  |  | — |  |  | — |  |  |  |  | 5.9 |  |  | (481.0) |
Goodwill | $ | 449.3 |  |  |  |  | $ | (0.1) |  |  | $ | — |  |  |  |  | $ | (2.6) |  |  | $ | 446.6 |
___________________________ (1) Reflects a reduction in Patterson-Kelley's goodwill during the period of $0.5 resulting from revisions to the valuation of certain tangible assets, partially offset by an increase in SGS's goodwill during the period of $0.4 resulting from revisions to the valuation of certain income tax accounts. As indicated in Note 1, the acquired assets, including goodwill, and liabilities assumed in the SGS and Patterson-Kelley acquisitions have been recorded at estimates of fair value and are subject to change upon completion of acquisition accounting. Other Intangibles, Net Identifiable intangible assets at March 28, 2020 and December 31, 2019 comprised the following:
| March 28, 2020 |  |  |  |  |  | December 31, 2019 |  |  |  |
| Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Intangible assets with determinable lives: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 77.2 |  |  | $ | (10.3) |  |  | $ | 66.9 |  |  | $ | 77.4 |  |  | $ | (8.7) |  |  | $ | 68.7 |
Technology | 29.3 |  |  | (4.0) |  |  | 25.3 |  |  | 29.5 |  |  | (3.3) |  |  | 26.2 |
Patents | 4.5 |  |  | (4.5) |  |  | — |  |  | 4.5 |  |  | (4.5) |  |  | — |
Other | 12.3 |  |  | (9.4) |  |  | 2.9 |  |  | 12.6 |  |  | (9.2) |  |  | 3.4 |
| 123.3 |  |  | (28.2) |  |  | 95.1 |  |  | 124.0 |  |  | (25.7) |  |  | 98.3 |
Trademarks with indefinite lives | 152.5 |  |  | — |  |  | 152.5 |  |  | 153.4 |  |  | — |  |  | 153.4 |
Total | $ | 275.8 |  |  | $ | (28.2) |  |  | $ | 247.6 |  |  | $ | 277.4 |  |  | $ | (25.7) |  |  | $ | 251.7 |
At March 28, 2020, the net carrying valu e of intangible assets with determinable lives consisted of $26.5 in the HVAC reportable segment and $68.6 in the Detection and Measurement reportable segment. At March 28, 2020, trademarks with indefinite lives consisted of $96.1 in the HVAC reportable segment, $47.3 in the Detection and Measurement reportable segment, and $9.1 in the Engineered Solutions reportable 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. Based on our annual goodwill impairment testing in the fourth quarter of 2019, we concluded that the estimated fair value of our Cues reporting unit exceeded the carrying value of its net assets by approximately 10%. An adverse change in any of the assumptions used in testing Cues’ goodwill for impairment (e.g., projected revenue and profit, discount rates, industry price multiples, etc.) could result in Cues’ estimated fair value being less than the carrying value of its net assets. If Cues is unable to achieve the financial forecasts included in its 2019 annual goodwill impairment analysis, we may be required to record an impairment charge related to Cues’ goodwill. Cues’ goodwill was $47.9 at March 28, 2020. 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 17). 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.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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