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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Apr. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill

The changes in the carrying amount of goodwill for the three months ended April 3, 2021 were as follows:

			December 31, 2020												Goodwill Resulting from Business Combinations (1)						Impairments												Foreign Currency Translation						April 3, 2021
HVAC reportable segment
Gross goodwill			$	281.4											$	—					$	—											$	(1.4)					$	280.0
Accumulated impairments			(144.8)												—						—												(0.1)						(144.9)
Goodwill			136.6												—						—												(1.5)						135.1
Detection and Measurement reportable segment
Gross goodwill			351.5												2.8						—												(0.4)						353.9
Accumulated impairments			(134.5)												—						—												(0.6)						(135.1)
Goodwill			217.0												2.8						—												(1.0)						218.8
Engineered Solutions reportable segment
Gross goodwill			342.1												—						—												(3.6)						338.5
Accumulated impairments			(195.8)												—						—												3.6						(192.2)
Goodwill			146.3												—						—												—						146.3
Other
Gross goodwill			—												—						—												—						—
Accumulated impairments			—												—						—												—						—
Goodwill			—												—						—												—						—
Total
Gross goodwill			975.0												2.8						—												(5.4)						972.4
Accumulated impairments			(475.1)												—						—												2.9						(472.2)
Goodwill			$	499.9											$	2.8					$	—											$	(2.5)					$	500.2

___________________________

(1)Reflects a net increase in ULC's goodwill during 2021 of $0.8 resulting from revisions to the valuation of certain assets and liabilities and an increase in Sensors & Software's goodwill of $2.0 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.

Schedule of Identifiable Intangible Assets

Identifiable intangible assets at April 3, 2021 and December 31, 2020 comprised the following:

			April 3, 2021																		December 31, 2020
			Gross Carrying Value						Accumulated Amortization						Net Carrying Value						Gross Carrying Value						Accumulated Amortization						Net Carrying Value
Intangible assets with determinable lives:
Customer relationships			$	103.2					$	(18.4)					$	84.8					$	103.4					$	(16.2)					$	87.2
Technology			54.2						(7.9)						46.3						54.4						(6.8)						47.6
Patents			4.5						(4.5)						—						4.5						(4.5)						—
Other			18.9						(13.1)						5.8						18.8						(12.5)						6.3
			180.8						(43.9)						136.9						181.1						(40.0)						141.1
Trademarks with indefinite lives			163.4						—						163.4						163.9						—						163.9
Total			$	344.2					$	(43.9)					$	300.3					$	345.0					$	(40.0)					$	305.0

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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