XML 34 R24.htm IDEA: XBRL DOCUMENT v3.23.1
GOODWILL AND OTHER INTANGIBLE ASSETS, NET
3 Months Ended
Apr. 01, 2023
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, 2022
$287.7 $398.7 $278.4 $964.8 
Foreign exchange translation1.3 1.7 0.3 3.3 
Goodwill - April 1, 2023
$289.0 $400.4 $278.7 $968.1 

Other Intangible Assets, Net 
The following table summarizes our other intangible assets, net of accumulated amortization. 
April 1, 2023December 31, 2022
Gross
Carrying
Amount
Accumulated AmortizationNet IntangiblesGross
Carrying
Amount
Accumulated AmortizationNet Intangibles
Customer relationships$191.2 $(130.7)$60.5 $191.5 $(127.1)$64.4 
Proprietary technology59.2 (32.1)27.1 59.2 (30.8)28.4 
Patents and other17.6 (16.7)0.9 17.6 (16.6)1.0 
Finite-lived intangible total268.0 (179.5)88.5 268.3 (174.5)93.8 
Indefinite-lived intangibles19.0  19.0 19.0 — 19.0 
Other intangible assets$287.0 $(179.5)$107.5 $287.3 $(174.5)$112.8 
Amortization expense related to finite-lived intangible assets was $4.7 and $4.2 for the three months ended April 1, 2023 and April 2, 2022, respectively.