GOODWILL AND OTHER INTANGIBLE ASSETS, NET

3 Months Ended

Apr. 02, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

The following table provides a rollforward of the carrying amount of goodwill by segment. 

	Motion Technologies			Industrial Process			Connect & Control Technologies			Total
Goodwill - December 31, 2021		$	292.3		$	352.4		$	279.6	$	924.3
Foreign exchange translation		(2.2)			(3.0)			(0.6)		(5.8)
Goodwill - April 2, 2022		$	290.1		$	349.4		$	279.0	$	918.5

Other Intangible Assets, Net 

The following table summarizes our other intangible assets, net of accumulated amortization. 

	April 2, 2022									December 31, 2021
	Gross Carrying Amount			Accumulated Amortization			Net Intangibles			Gross Carrying Amount			Accumulated Amortization			Net Intangibles
Customer relationships		$	161.9		$	(116.8)		$	45.1		$	162.1		$	(113.7)		$	48.4
Proprietary technology		45.9			(27.7)			18.2			46.1			(26.9)			19.2
Patents and other		15.5			(14.2)			1.3			15.7			(14.0)			1.7
Finite-lived intangible total		223.3			(158.7)			64.6			223.9			(154.6)			69.3
Indefinite-lived intangibles		16.3			—			16.3			16.4			—			16.4
Other intangible assets		$	239.6		$	(158.7)		$	80.9		$	240.3		$	(154.6)		$	85.7

Amortization expense related to finite-lived intangible assets was $4.2 and $5.1 for the three months ended April 2, 2022 and April 3, 2021, respectively.