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Goodwill and Identifiable Intangible Assets (Tables) | 9 Months Ended
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Sep. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The change in the net carrying amount of goodwill was as follows:
(U.S. Dollars presented in millions) |  | Total Goodwill
Balance at December 31, 2023 |  | $ | 925.1 |
Supreme acquisition |  | 204.9 |
2024 translation adjustments |  | (0.6) |
Balance at September 29, 2024 |  | $ | 1,129.4 |
Schedule of Finite-Lived Intangible Assets | The gross carrying value and accumulated amortization by class of intangible assets as of September 29, 2024 and December 31, 2023 were as follows:
|  | September 29, 2024 |  | December 31, 2023
(U.S. Dollars presented in millions) |  | Gross Carrying Amounts |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amounts |  | Accumulated Amortization |  | Net Book Value
Indefinite-lived tradenames (a) |  | $ | 268.5 |  |  | $ | — |  |  | $ | 268.5 |  |  | $ | 184.2 |  |  | $ | — |  |  | $ | 184.2 |
Amortizable intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  | 10.3 |  |  | (10.3) |  |  | — |  |  | 10.4 |  |  | (10.4) |  |  | — |
Customer and contractual relationships (a) |  | 534.9 |  |  | (225.5) |  |  | 309.4 |  |  | 363.6 |  |  | (212.3) |  |  | 151.3 |
Patents/proprietary technology |  | 11.0 |  |  | (11.0) |  |  | — |  |  | 11.0 |  |  | (11.0) |  |  | — |
Total |  | 556.2 |  |  | (246.8) |  |  | 309.4 |  |  | 385.0 |  |  | (233.7) |  |  | 151.3 |
Total identifiable intangibles |  | $ | 824.7 |  |  | $ | (246.8) |  |  | $ | 577.9 |  |  | $ | 569.2 |  |  | $ | (233.7) |  |  | $ | 335.5 |
(a) During the third quarter of 2024, we completed our acquisition of Supreme, acquiring Indefinite-lived tradenames of $85.1 million and customer relationships of $171.8 million.
Schedule of Indefinite-Lived Intangible Assets | The gross carrying value and accumulated amortization by class of intangible assets as of September 29, 2024 and December 31, 2023 were as follows:
|  | September 29, 2024 |  | December 31, 2023
(U.S. Dollars presented in millions) |  | Gross Carrying Amounts |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amounts |  | Accumulated Amortization |  | Net Book Value
Indefinite-lived tradenames (a) |  | $ | 268.5 |  |  | $ | — |  |  | $ | 268.5 |  |  | $ | 184.2 |  |  | $ | — |  |  | $ | 184.2 |
Amortizable intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  | 10.3 |  |  | (10.3) |  |  | — |  |  | 10.4 |  |  | (10.4) |  |  | — |
Customer and contractual relationships (a) |  | 534.9 |  |  | (225.5) |  |  | 309.4 |  |  | 363.6 |  |  | (212.3) |  |  | 151.3 |
Patents/proprietary technology |  | 11.0 |  |  | (11.0) |  |  | — |  |  | 11.0 |  |  | (11.0) |  |  | — |
Total |  | 556.2 |  |  | (246.8) |  |  | 309.4 |  |  | 385.0 |  |  | (233.7) |  |  | 151.3 |
Total identifiable intangibles |  | $ | 824.7 |  |  | $ | (246.8) |  |  | $ | 577.9 |  |  | $ | 569.2 |  |  | $ | (233.7) |  |  | $ | 335.5 |
(a) During the third quarter of 2024, we completed our acquisition of Supreme, acquiring Indefinite-lived tradenames of $85.1 million and customer relationships of $171.8 million.

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