XML 56 R41.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Goodwill and Identifiable Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Change in Net Carrying Amount of Goodwill by Segment | The change in the net carrying amount of goodwill by segment was as follows:
(In millions) |  | Water |  |  |  | Outdoors |  |  | Security |  |  | Total Goodwill |
Balance at December 31, 2021(a) |  | $ | 814.1 |  |  |  | $ | 627.7 |  |  | $ | 97.1 |  |  | $ | 1,538.9 |
2022 translation adjustments |  |  | (9.4 | ) |  |  |  | — |  |  |  | (0.8 | ) |  |  | (10.2 | )
Acquisition-related adjustments |  |  | 88.7 |  |  |  |  | 23.3 |  |  |  | — |  |  |  | 112.0 |
Balance at December 31, 2022(a) |  | $ | 893.4 |  |  |  | $ | 651.0 |  |  | $ | 96.3 |  |  | $ | 1,640.7 |
2023 translation adjustments |  |  | 8.1 |  |  |  |  | — |  |  |  | 0.4 |  |  |  | 8.5 |
Acquisition-related adjustments |  |  | 227.8 |  |  |  |  | 0.1 |  |  |  | 29.7 |  |  |  | 257.6 |
Balance at December 30, 2023(a) |  | $ | 1,129.3 |  |  |  | $ | 651.1 |  |  | $ | 126.4 |  |  | $ | 1,906.8 |
(a) Net of accumulated impairment losses of $399.5 million in the Outdoors segment.
Gross Carrying Value and Accumulated Amortization by Class of Identifiable Intangible Assets | The gross carrying value and accumulated amortization by class of intangible assets as of December 30, 2023 and December 31, 2022 were as follows:
| As of December 30, 2023 |  | As of December 31, 2022 |
(In millions) | Gross Carrying Amounts |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amounts |  | Accumulated Amortization |  | Net Book Value |
Indefinite-lived tradenames | $ | 520.1 |  | $ | — |  | $ | 520.1 |  | $ | 478.1 |  | $ | — |  | $ | 478.1 |
Amortizable intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  | 58.4 |  |  | (9.3 | ) |  | 49.1 |  |  | 47.5 |  |  | (6.8 | ) |  | 40.7 |
Customer and contractual relationships |  | 1,017.3 |  |  | (289.4 | ) |  | 727.9 |  |  | 662.6 |  |  | (239.6 | ) |  | 423.0 |
Patents/proprietary technology |  | 138.2 |  |  | (80.6 | ) |  | 57.6 |  |  | 128.5 |  |  | (69.5 | ) |  | 59.0 |
Total |  | 1,213.9 |  |  | (379.3 | ) |  | 834.6 |  |  | 838.6 |  |  | (315.9 | ) |  | 522.7 |
Total identifiable intangibles | $ | 1,734.0 |  | $ | (379.3 | ) | $ | 1,354.7 |  | $ | 1,316.7 |  | $ | (315.9 | ) | $ | 1,000.8 |
Significant Assumptions Used to Estimate the Fair Value of Tradename Impaired | The significant assumptions used to estimate the fair value of the tradenames impaired during the year ended December 30, 2023 were as follows:
|  | 2023 |
Unobservable Input |  | Minimum |  |  | Maximum |  |  | Weighted Average(a) |
Discount rates |  |  | 13.0 | % |  |  | 14.5 | % |  |  | 14.3 | %
Royalty rates(b) |  |  | 2.5 | % |  |  | 3.5 | % |  |  | 3.4 | %
Long-term revenue growth rates(c) |  |  | 2.0 | % |  |  | 3.0 | % |  |  | 2.1 | %
(a) Weighted by the relative fair value of the tradenames that were tested quantitatively. (b) Represents estimated percentage of sales a market-participant would pay to license the impaired tradenames. (c) Selected long-term revenue growth rate within 10-year projection period of the impaired tradenames.

X
- Definition Schedule of finite lived and indefinite lived intangible assets. + References No definition available. + Details
Name: | fbin_ScheduleOfFiniteLivedAndIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | fbin_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration