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Goodwill and Other Intangible Assets | 6 Months Ended
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Jul. 03, 2022
Goodwill and Other Intangible Assets [Abstract] |
Goodwill and Other Intangible Assets | Note 8. Goodwill and Other Intangible Assets Goodwill and other intangible assets with indefinite lives are not amortized, but instead are assessed for impairment, at least annually. The carrying amount of goodwill was $913.2 million and $907.5 million as of July 3, 2022 and December 31, 2021, respectively. The net change in goodwill from December 31, 2021 to July 3, 2022 is primarily attributable to the purchase of Concept Pet (see Note 3 to the Condensed Consolidated Financial Statements) and effects of foreign exchange. Intangible assets subject to amortization as of July 3, 2022 and December 31, 2021 were as follows:
|  |  |  |  | July 3, 2022 |  |  | December 31, 2021 |
(millions of dollars) |  | Weighted Average Useful Life (Years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |
Tradenames |  |  | 34 |  |  | $ | 221.5 |  |  | $ | 48.6 |  |  | $ | 221.6 |  |  | $ | 44.9 |
Technology |  |  | 13 |  |  |  | 18.8 |  |  |  | 12.0 |  |  |  | 18.8 |  |  |  | 11.2 |
Patents and trademarks |  |  | 19 |  |  |  | 6.4 |  |  |  | 6.4 |  |  |  | 6.4 |  |  |  | 6.4 |
Customer relationships |  |  | 21 |  |  |  | 77.6 |  |  |  | 9.4 |  |  |  | 75.2 |  |  |  | 7.9 |
|  |  | 29 |  |  | $ | 324.3 |  |  | $ | 76.4 |  |  | $ | 322.0 |  |  | $ | 70.4 |
The weighted average amortization period for acquired intangible assets subject to amortization is approximately 29 years. Estimated amortization expense is $6.4 million for the remainder of 2022, $51.2 million for 2023–2026 and $190.3 million thereafter.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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