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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Mar. 29, 2025
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 29, 2025 were as follows:
| December 31, 2024 |  |  |  | Goodwill Resulting from Business Combinations (1) |  |  |  |  |  | Foreign Currency Translation |  | March 29, 2025
HVAC reportable segment |  |  |  |  |  |  |  |  |  |  |  |  |
Gross goodwill | $ | 907.3 |  |  |  |  | $ | 5.2 |  |  |  |  |  |  | $ | 5.8 |  |  | $ | 918.3 |
Accumulated impairments | (326.6) |  |  |  |  | — |  |  |  |  |  |  | (3.0) |  |  | (329.6) |
Goodwill | 580.7 |  |  |  |  | 5.2 |  |  |  |  |  |  | 2.8 |  |  | 588.7 |
Detection and Measurement reportable segment |  |  |  |  |  |  |  |  |  |  |  |  |
Gross goodwill | 426.6 |  |  |  |  | 105.0 |  |  |  |  |  |  | 3.7 |  |  | 535.3 |
Accumulated impairments | (172.8) |  |  |  |  | — |  |  |  |  |  |  | (1.2) |  |  | (174.0) |
Goodwill | 253.8 |  |  |  |  | 105.0 |  |  |  |  |  |  | 2.5 |  |  | 361.3 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |
Gross goodwill | 1,333.9 |  |  |  |  | 110.2 |  |  |  |  |  |  | 9.5 |  |  | 1,453.6 |
Accumulated impairments | (499.4) |  |  |  |  | — |  |  |  |  |  |  | (4.2) |  |  | (503.6) |
Goodwill | $ | 834.5 |  |  |  |  | $ | 110.2 |  |  |  |  |  |  | $ | 5.3 |  |  | $ | 950.0 |
___________________________ (1)Reflects goodwill acquired with the KTS acquisition of $105.0 and an immaterial acquisition within the HVAC reportable segment. As indicated in Note 1, the acquired assets, including goodwill, and liabilities assumed in the KTS acquisition 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 March 29, 2025 and December 31, 2024 comprised the following:
| March 29, 2025 |  | December 31, 2024
| Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Intangible assets with determinable lives: (1) |  |  |  |  |  |  |  |  |  |  |
Customer relationships and contracts | $ | 496.0 |  |  | $ | (113.6) |  |  | $ | 382.4 |  |  | $ | 421.1 |  |  | $ | (103.3) |  |  | $ | 317.8 |
Technology | 262.4 |  |  | (46.3) |  |  | 216.1 |  |  | 181.7 |  |  | (41.3) |  |  | 140.4 |
Patents | 4.5 |  |  | (4.5) |  |  | — |  |  | 4.5 |  |  | (4.5) |  |  | — |
Other | 86.4 |  |  | (51.3) |  |  | 35.1 |  |  | 71.0 |  |  | (45.7) |  |  | 25.3 |
| 849.3 |  |  | (215.7) |  |  | 633.6 |  |  | 678.3 |  |  | (194.8) |  |  | 483.5 |
Trademarks with indefinite lives | 220.3 |  |  | — |  |  | 220.3 |  |  | 219.5 |  |  | — |  |  | 219.5 |
Total | $ | 1,069.6 |  |  | $ | (215.7) |  |  | $ | 853.9 |  |  | $ | 897.8 |  |  | $ | (194.8) |  |  | $ | 703.0 |
___________________________ (1)The gross carrying value of identifiable intangible assets acquired with the KTS acquisition consist of technology of $79.8, customer relationships and contracts of $70.7, definite-lived trademarks of $6.7, and backlog of $7.3.

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