XML 55 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1
Goodwill and Other Intangibles (Tables)
12 Months Ended
Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying Amount of Goodwill and Other Non-Amortizable Intangibles
The changes in the carrying amount of goodwill are as follows:
Fiscal Year
(In millions)20242023
Goodwill balance at beginning of the year$427.1 $485.0 
Sale of a business (see Note 20)— (20.4)
Reclassified to assets held for sale (1)
— (43.0)
Foreign currency translation effects(2.5)5.5 
Goodwill balance at end of the year$424.6 $427.1 
(1)Represents goodwill associated with the Sperry® business classified as held for sale as of fiscal 2023, refer to Note 20.
Schedule of amortizable intangible assets [Table Text Block] The combined gross carrying values and accumulated amortization for these amortizable intangibles are as follows:
December 28, 2024
(In millions)Gross carrying
value
Accumulated
amortization
NetAverage remaining life (years)
Customer relationships$58.8 $31.2 $27.6 9
Other23.1 19.2 3.9 3
Total$81.9 $50.4 $31.5 
December 30, 2023
(In millions)Gross carrying
value
Accumulated
amortization
NetAverage remaining life (years)
Customer relationships$59.6 $28.1 $31.5 9
Other21.3 17.9 3.4 3
Total$80.9 $46.0 $34.9 
Estimated Aggregate Future Amortization Expense for Intangibles Assets Estimated aggregate amortization expense for such intangibles for the fiscal years subsequent to December 28, 2024 is as follows:
(In millions)20252026202720282029
Amortization expense$4.5 $4.2 $4.0 $3.7 $3.3