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GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)
6 Months Ended
Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the Carrying Amount of Goodwill Table
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 
Acquired— 68.7 — 68.7 
Foreign exchange translation(6.5)(20.7)(2.0)(29.2)
Goodwill - July 2, 2022
$285.8 $400.4 $277.6 $963.8 
Goodwill acquired is related to our acquisition of Habonim in the second quarter of 2022 and represents the preliminary calculation of the excess purchase price over the net assets acquired, the valuation of which is pending completion. Upon completion, goodwill acquired will be adjusted to reflect the final fair value of the net assets acquired. Refer to Note 19, Acquisitions and Investments, for further information.
Other Intangible Assets Table
Other Intangible Assets, Net 
The following table summarizes our other intangible assets, net of accumulated amortization. 
July 2, 2022December 31, 2021
Gross
Carrying
Amount
Accumulated AmortizationNet IntangiblesGross
Carrying
Amount
Accumulated AmortizationNet Intangibles
Customer relationships$190.6 $(120.0)$70.6 $162.1 $(113.7)$48.4 
Proprietary technology58.9 (28.5)30.4 46.1 (26.9)19.2 
Patents and other17.3 (14.8)2.5 15.7 (14.0)1.7 
Finite-lived intangible total266.8 (163.3)103.5 223.9 (154.6)69.3 
Indefinite-lived intangibles18.2  18.2 16.4 — 16.4 
Other intangible assets$285.0 $(163.3)$121.7 $240.3 $(154.6)$85.7 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Estimated amortization expense for each of the five succeeding years and thereafter is as follows:
Remaining of 202210.9 
202319.5 
202414.1 
202513.3 
20269.5 
20278.2 
Thereafter28.0