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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule in the Changes of the Carrying Amount of Goodwill, by Reportable Segment and Other Operating Segments
The changes in the carrying amount of goodwill, for the year ended December 31, 2020, were as follows:
December 31,
2019
Goodwill
Resulting
from Business
Combinations (1)
ImpairmentsForeign
Currency
Translation
December 31,
2020
HVAC reportable segment
Gross goodwill$277.1 $0.8 $— $3.5 $281.4 
Accumulated impairments(144.6)— — (0.2)(144.8)
Goodwill132.5 0.8 — 3.3 136.6 
Detection and Measurement reportable segment
Gross goodwill304.1 42.7 — 4.7 351.5 
Accumulated impairments(133.6)— — (0.9)(134.5)
Goodwill170.5 42.7 — 3.8 217.0 
Engineered Solutions reportable segment
Gross goodwill334.2 — — 7.9 342.1 
Accumulated impairments(187.9)— — (7.9)(195.8)
Goodwill 146.3 — — — 146.3 
Other
Gross goodwill— — — — — 
Accumulated impairments— — — — — 
Goodwill — — — — — 
Total
Gross goodwill915.4 43.5 — 16.1 975.0 
Accumulated impairments(466.1)— — (9.0)(475.1)
Goodwill$449.3 $43.5 $— $7.1 $499.9 
___________________________________________________________________
(1) Reflects goodwill acquired with the ULC and Sensors & Software acquisitions of $37.3 and $5.4, respectively, and a net increase in Patterson-Kelley's goodwill during 2020 of $0.4 resulting from revisions to the valuation of certain liabilities and tangible assets and an increase in SGS's goodwill during the first half of 2020 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 ULC and Sensors & Software acquisitions have been recorded at estimates of fair value and are subject to change upon completion of acquisition accounting.
The changes in the carrying amount of goodwill, for the year ended December 31, 2019, were as follows:
December 31,
2018
Goodwill
Resulting
from Business
Combinations (1)
ImpairmentsForeign
Currency
Translation
December 31,
2019
HVAC reportable segment
Gross goodwill$261.8 $15.7 $— $(0.4)$277.1 
Accumulated impairments(144.4)— — (0.2)(144.6)
Goodwill117.4 15.7 — (0.6)132.5 
Detection and Measurement reportable segment
Gross goodwill265.0 40.4 — (1.3)304.1 
Accumulated impairments(134.3)— — 0.7 (133.6)
Goodwill130.7 40.4 — (0.6)170.5 
Engineered solutions reportable segment
Gross goodwill335.3 — — (1.1)334.2 
Accumulated impairments(189.0)— — 1.1 (187.9)
Goodwill146.3 — — — 146.3 
Other
Gross goodwill— — — — — 
Accumulated impairments— — — — — 
Goodwill— — — — — 
Total
Gross goodwill862.1 56.1 — (2.8)915.4 
Accumulated impairments(467.7)— — 1.6 (466.1)
Goodwill$394.4 $56.1 $— $(1.2)$449.3 
___________________________________________________________________
(1) Reflects goodwill acquired in connection with the Sabik, SGS and Patterson-Kelley acquisitions of $41.2, $1.9 and $13.8, respectively, partially offset by a reduction in Cues' goodwill during the first quarter of 2019 of $0.8 resulting from revisions to the valuation of certain income tax accounts.
Schedule of Identifiable Intangible Assets
Identifiable intangible assets were as follows:
December 31, 2020December 31, 2019
Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Value
Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Value
Intangible assets with determinable lives:(1)
Customer relationships $103.4 $(16.2)$87.2 $77.4 $(8.7)$68.7 
Technology 54.4 (6.8)47.6 29.5 (3.3)26.2 
Patents4.5 (4.5)— 4.5 (4.5)— 
Other18.8 (12.5)6.3 12.6 (9.2)3.4 
181.1 (40.0)141.1 124.0 (25.7)98.3 
Trademarks with indefinite lives (2)
163.9 — 163.9 153.4 — 153.4 
Total
$345.0 $(40.0)$305.0 $277.4 $(25.7)$251.7 
___________________________________________________________________
(1)The identifiable intangible assets associated with the ULC and Sensors & Software acquisitions consist of customer backlog of $4.6 and $0.1, respectively, customer relationships of $22.8 and $2.3, respectively, technology of $21.9 and $2.4, respectively, and non-compete agreements of $1.7 and $0.1, respectively.
(2)Changes during 2020 related primarily to the acquisition of ULC and Sensors & Software trademarks of $7.6 and $1.8, respectively.