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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2022
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, 2022, were as follows:
December 31,
2021
Goodwill
Resulting
from Business
Combinations (1)
Impairments (2)
Foreign
Currency
Translation		December 31,
2022
HVAC reportable segment
Gross goodwill$528.9 $8.9 $— $(8.3)$529.5 
Accumulated impairments(334.1)— — 5.9 (328.2)
Goodwill194.8 8.9 — (2.4)201.3 
Detection and Measurement reportable segment
Gross goodwill424.9 11.0 — (10.7)425.2 
Accumulated impairments(162.4)— (12.0)3.2 (171.2)
Goodwill262.5 11.0 (12.0)(7.5)254.0 
Total
Gross goodwill953.8 19.9 — (19.0)954.7 
Accumulated impairments(496.5)— (12.0)9.1 (499.4)
Goodwill$457.3 $19.9 $(12.0)$(9.9)$455.3 
___________________________________________________________________
(1) Reflects (i) goodwill acquired with the ITL acquisition of $10.8, (ii) an increase in Sealite’s goodwill of $0.2 resulting from revisions to the valuation of certain assets and liabilities, and (iii) an increase in Cincinnati Fan’s goodwill of $8.9 resulting from revisions to the valuation of certain assets and liabilities. As indicated in Note 1, the acquired assets, including goodwill, and liabilities assumed in the ITL acquisition have been recorded at estimates of fair value and are subject to change upon completion of acquisition accounting.

(2) During the fourth quarter of 2022, in connection with the annual impairment analyses of ULC’s goodwill and indefinite-lived intangible assets, we determined that the carrying value of ULC’s net assets exceeded the estimated fair value of the business, resulting in an impairment charge of $12.9, with $12.0 related to goodwill and $0.9 to the ULC trademarks. After such impairment charge, ULC had no goodwill and $5.4 of trademarks included in our consolidated balance sheet as of December 31, 2022.

The changes in the carrying amount of goodwill, for the year ended December 31, 2021, were as follows:

December 31,
2020
Goodwill
Resulting
from Business
Combinations (1)
Impairments (2)
Foreign
Currency
Translation		December 31,
2021
HVAC reportable segment
Gross goodwill$492.2 $46.0 $— $(9.3)$528.9 
Accumulated impairments(340.6)— — 6.5 (334.1)
Goodwill151.6 46.0 — (2.8)194.8 
Detection and Measurement reportable segment
Gross goodwill351.5 78.7 — (5.3)424.9 
Accumulated impairments(134.5)— (28.2)0.3 (162.4)
Goodwill217.0 78.7 (28.2)(5.0)262.5 
Total
Gross goodwill843.7 124.7 — (14.6)953.8 
Accumulated impairments(475.1)— (28.2)6.8 (496.5)
Goodwill$368.6 $124.7 $(28.2)$(7.8)$457.3 
___________________________________________________________________

(1) Reflects (i) goodwill acquired with the Sealite, ECS and Cincinnati Fan acquisitions of $47.7, $25.9 and $46.0, respectively, (ii) and increase in ULC’s goodwill of $3.1 resulting from revisions to the valuation of certain assets and liabilities, and (iii) an increase in Sensors & Software's goodwill of $2.0 resulting from revisions to the valuation of certain assets and liabilities.
(2) As indicated in Note 1, we concluded during the third quarter of 2021 that the operating and financial performance milestones related to the ULC contingent consideration would not be achieved, resulting in the reversal of the related liability of $24.3, with the offset to “Other operating (income) expense, net.” We also concluded that the lack of achievement of these milestones, along with lower than anticipated future cash flows, were indicators of potential impairment related to ULC’s indefinite-lived intangible assets and goodwill. As such, we performed quantitative analyses of ULC’s goodwill and indefinite-lived intangible assets for impairment during the third quarter of 2021. Based on such testing, we determined that the carrying value of ULC’s net assets exceeded the implied fair value of the business. As a result, we recorded an impairment charge of $24.3 during the third quarter, with $23.3 related to goodwill and the remainder to trademarks. In connection with our annual impairment analyses of ULC’s goodwill and indefinite-lived intangibles, during the fourth quarter of 2021, we determined that the carrying value of ULC’s net assets exceeded the implied fair value of the business by $5.2. As a result, we recorded impairment charges of $4.9 and $0.3 related to the business’s goodwill and trademarks, respectively.
Schedule of Identifiable Intangible Assets
Identifiable intangible assets were as follows:
December 31, 2022December 31, 2021
Gross
Carrying
Value		Accumulated
Amortization		Net
Carrying
Value		Gross
Carrying
Value		Accumulated
Amortization		Net
Carrying
Value
Intangible assets with determinable lives:(1)
Customer relationships $198.9 $(41.7)$157.2 $188.2 $(26.7)$161.5 
Technology 81.5 (18.4)63.1 80.1 (11.9)68.2 
Patents4.5 (4.5)— 4.5 (4.5)— 
Other36.7 (24.1)12.6 31.6 (18.0)13.6 
321.6 (88.7)232.9 304.4 (61.1)243.3 
Trademarks with indefinite lives (2)
168.7 — 168.7 172.2 — 172.2 
Total
$490.3 $(88.7)$401.6 $476.6 $(61.1)$415.5 
___________________________________________________________________
(1)The identifiable intangible assets associated with the ITL acquisition consist of customer relationships of $14.0, definite-lived trademarks of $3.0, technology of $2.9, and non-compete agreements of $2.6.
(2)During the fourth quarter of 2022, in connection with our annual impairment analyses, we recorded impairment charges of $1.4, with $0.9 related to ULC’s trademarks (see above) and the remainder to certain other trademarks. Other changes during 2022 related primarily to foreign currency translation.