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Goodwill and Intangible Assets (Tables)
 6 Months Ended
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