Other Assets Goodwill (Tables)

6 Months Ended

Jul. 01, 2021

Goodwill [Abstract]

Goodwill Disclosure [Text Block]

Goodwill is summarized as follows:

				Changes in Goodwill Balance
	Balance at											Balance at
Segment	December 31, 2020			Acquisitions			Adjustments/Other			Currency Exchange		July 1, 2021
Fuselage Systems	$	42.9		$	—		$	137.7		$	—	$	180.6
Propulsion Systems	$	33.1		$	—		$	109.7		$	—	$	142.8
Wing Systems	$	2.5		$	—		$	275.7				$	278.2
All Other	$	—		$	—					$	—	$	—
Not Allocated	$	486.8	(1)	$	17.4	(2)	$	(486.8)	(1)	$	—	$	17.4
	$	565.3		$	17.4		$	36.3	(3)	$	—	$	619.0

(1) The Bombardier Acquisition (as defined below) on October 30, 2020 resulted in the establishment of $486.8 of goodwill that was included in the balance reported at December 31, 2020, which, given the preliminary nature of the Bombardier Acquisition purchase price allocation, had not yet been allocated to the relevant reportable segments. The amount was subsequently allocated and is included in the segments noted above on a preliminary basis, subject to further measurement period adjustments. See also Note 24, Acquisitions.

(2) Goodwill related to the acquisition of the assets of Applied Aerodynamics, Inc. ("Applied") during the three months ended July 1, 2021. See Note 24, Acquisitions. As of July 1, 2021, given the preliminary nature of the purchase price allocation, the Company has not yet allocated goodwill for the acquisition to the relevant reportable segments.

(3)    As a result of certain purchase price allocation adjustments recorded during the purchase price accounting measurement period based on additional information obtained, the goodwill resulting from the Bombardier Acquisition (as defined below) was adjusted by $36.3 from $486.8, which was reported at December 31, 2020, to $523.1 as of July 1, 2021. See also Note 24, Acquisitions.

The total goodwill value includes no accumulated impairment loss in any of the periods presented. The Company assesses goodwill for impairment annually or more frequently if events or circumstances indicate that the fair value of a reporting unit that includes goodwill may be lower than its carrying value. For the period ended July 1, 2021, there were no events or circumstances which would require the Company to update its goodwill impairment analysis.