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Intangible Assets, net (Tables)

6 Months Ended

Jul. 01, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets, net, consist of the following:


			July 1, 2023																		December 31, 2022
(in millions)			Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Intangible assets subject to amortization:
Customer relationships			$	207.4					$	(25.4)					$	182.0					$	220.9					$	(19.3)					$	201.6
Acquired technologies			179.8						(35.5)						144.3						185.3						(25.2)						160.1
Licenses			38.8						(5.9)						32.9						39.0						(4.4)						34.6
Patents			37.0						(14.2)						22.8						35.2						(13.9)						21.3
Capitalized software development costs			30.4						(5.3)						25.1						5.5						(2.9)						2.6
Trademarks			20.0						(6.6)						13.4						39.3						(5.8)						33.5
Licenses-related party			7.5						(6.5)						1.0						7.5						(6.3)						1.2
Non-compete agreements			6.3						(1.8)						4.5						6.3						(1.1)						5.2
Other			1.6						(1.1)						0.5						1.6						(1.1)						0.5
Total intangible assets subject to amortization, net			$	528.8					$	(102.3)					$	426.5					$	540.6					$	(80.0)					$	460.6
Intangible assets not subject to amortization:
Trademarks															239.2																		262.0
Intangible assets, net															$	665.7																	$	722.6

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense for each of the next fiscal years is as follows:


Fiscal year			Amount (in millions)
2023 (balance of year)			$	24.9
2024			47.0
2025			45.9
2026			44.3
2027			43.6
Thereafter			220.8
Total			$	426.5