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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 29, 2024
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 |
Goodwill at December 30, 2023(a) |  | $ | 1,129.3 |  |  | $ | 651.1 |  |  | $ | 126.4 |  |  | $ | 1,906.8 |
Year-to-date foreign currency translation adjustments |  |  | (2.4 | ) |  |  | - |  |  |  | (0.5 | ) |  |  | (2.9 | )
Acquisition-related adjustments |  |  | 86.4 |  |  |  | - |  |  |  | 4.5 |  |  |  | 90.9 |
Goodwill at June 29, 2024(a) |  | $ | 1,213.3 |  |  | $ | 651.1 |  |  | $ | 130.4 |  |  | $ | 1,994.8 |
(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 June 29, 2024 and December 30, 2023 were as follows:
(In millions) |  | As of June 29, 2024 |  |  | As of December 30, 2023 |
|  | Gross Carrying Amounts |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Amounts |  |  | Accumulated Amortization |  |  | Net Book Value |
Indefinite-lived tradenames |  | $ | 519.6 |  |  | $ | - |  |  | $ | 519.6 |  |  | $ | 520.1 |  |  | $ | - |  |  | $ | 520.1 |
Amortizable intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 76.3 |  |  |  | (11.1 | ) |  |  | 65.2 |  |  |  | 58.4 |  |  |  | (9.3 | ) |  |  | 49.1 |
Customer and contractual relationships |  |  | 1,017.6 |  |  |  | (317.9 | ) |  |  | 699.7 |  |  |  | 1,017.3 |  |  |  | (289.4 | ) |  |  | 727.9 |
Patents/proprietary technology |  |  | 138.4 |  |  |  | (86.7 | ) |  |  | 51.7 |  |  |  | 138.2 |  |  |  | (80.6 | ) |  |  | 57.6 |
Total |  |  | 1,232.3 |  |  |  | (415.7 | ) |  |  | 816.6 |  |  |  | 1,213.9 |  |  |  | (379.3 | ) |  |  | 834.6 |
Total intangible assets |  | $ | 1,751.9 |  |  | $ | (415.7 | ) |  | $ | 1,336.2 |  |  | $ | 1,734.0 |  |  | $ | (379.3 | ) |  | $ | 1,354.7 |

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