Goodwill and Identifiable Intangible Assets

9 Months Ended

Sep. 27, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Identifiable Intangible Assets

5. Goodwill and Identifiable Intangible Assets

We had goodwill of $2,004.0 million and $1,992.0 million as of September 27, 2025 and December 28, 2024, respectively. The change in the net carrying amount of goodwill by segment was as follows:


(In millions)	Water		Outdoors		Security		Total Goodwill
Goodwill at December 28, 2024(a)	$	1,211.2	$	651.1	$	129.7	$	1,992.0
Year-to-date foreign currency translation adjustments		11.5		-		0.5		12.0
Goodwill at September 27, 2025(a)	$	1,222.7	$	651.1	$	130.2	$	2,004.0

(a) Net of accumulated impairment losses of $399.5 million in the Outdoors segment.

The gross carrying value and accumulated amortization by class of identifiable intangible assets as of September 27, 2025 and December 28, 2024 were as follows:


(In millions)	As of September 27, 2025							As of December 28, 2024
	Gross Carrying Amounts		Accumulated Amortization			Net Book Value		Gross Carrying Amounts		Accumulated Amortization			Net Book Value
Indefinite-lived tradenames	$	519.5	$	-		$	519.5	$	518.8	$	-		$	518.8
Amortizable intangible assets
Tradenames	$	78.5	$	(16.7	)	$	61.8	$	76.1	$	(13.1	)	$	63.0
Customer and contractual relationships		1,022.6		(392.9	)		629.7		1,015.5		(346.2	)		669.3
Patents/proprietary technology		140.7		(102.4	)		38.3		138.9		(92.8	)		46.1
Total		1,241.8		(512.0	)		729.8		1,230.5		(452.1	)		778.4
Total intangible assets	$	1,761.3	$	(512.0	)	$	1,249.3	$	1,749.3	$	(452.1	)	$	1,297.2

We had net identifiable intangible assets of $1,249.3 million and $1,297.2 million as of September 27, 2025 and December 28, 2024, respectively. The $12.0 million increase in gross identifiable intangible assets was primarily due to foreign currency translation adjustments.

Amortizable identifiable intangible assets, principally customer relationships, are subject to amortization over their estimated useful life, ranging from 5 to 30 years, based on the assessment of a number of factors that may impact useful life, which includes customer attrition rates and other relevant factors.