Goodwill and Indefinite-Lived Intangibles

3 Months Ended

Mar. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Indefinite-Lived Intangibles

GOODWILL AND INDEFINITE-LIVED INTANGIBLES

The changes in the carrying amount of goodwill are as follows:

	Quarter Ended
(In millions)	March 30, 2019		March 31, 2018
Goodwill balance at beginning of the year	$	424.4	$	429.8
Foreign currency translation effects	1.5		(0.5		)
Goodwill balance at end of the quarter	$	425.9	$	429.3

The Company’s indefinite-lived intangible assets, which comprise trade names and trademarks, totaled $604.5 million as of March 30, 2019 and December 29, 2018. The carrying value of the Company’s Sperry^® trade name was $518.2 million as of March 30, 2019. If the operating results for Sperry^® were to decline in future periods compared to current projections, the Company may need to record a non-cash impairment charge.