Goodwill and Other Identifiable Intangible Assets (Tables)

3 Months Ended

Mar. 28, 2015

Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by segment were as follows:

In millions	December 31, 2014		Acquisitions/ divestitures		Foreign currency  translation/other			March 28, 2015
Valves & Controls	$	1,511.6	$	—	$	—		$	1,511.6
Flow & Filtration Solutions	942.4		—		(55.2		)	887.2
Water Quality Systems	1,137.6		—		(14.9		)	1,122.7
Technical Solutions	1,150.3		6.3		(6.3		)	1,150.3
Total goodwill	$	4,741.9	$	6.3	$	(76.4	)	$	4,671.8

Detail of Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:

	March 28, 2015							December 31, 2014
In millions	Cost		Accumulated amortization			Net		Cost		Accumulated amortization			Net
Finite-life intangibles
Customer relationships	$	1,229.2	$	(338.9	)	$	890.3	$	1,247.8	$	(325.2	)	$	922.6
Trade names	1.9		(1.1		)	0.8		2.0		(1.1		)	0.9
Proprietary technology and patents	249.6		(98.8		)	150.8		255.7		(96.7		)	159.0
Total finite-life intangibles	$	1,480.7	$	(438.8	)	$	1,041.9	$	1,505.5	$	(423.0	)	$	1,082.5
Indefinite-life intangibles
Trade names	517.2		—			517.2		525.6		—			525.6
Total intangibles, net	$	1,997.9	$	(438.8	)	$	1,559.1	$	2,031.1	$	(423.0	)	$	1,608.1

Estimated Future Amortization Expense for Identifiable Intangible Assets

Estimated future amortization expense for identifiable intangible assets during the remainder of 2015 and the next five years is as follows:

	Q2 - Q4
In millions	2015		2016		2017		2018		2019		2020
Estimated amortization expense	$	87.0	$	108.3	$	106.7	$	103.4	$	96.3	$	91.5