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Goodwill & Intangibles (Tables)
6 Months Ended
Jun. 25, 2023
Goodwill & Intangibles  
Changes in the carrying amount of goodwill by geographic segment

Gross Balance

Accumulated Impairment Losses

Foreign Currency Translation

Net Goodwill

Acquired

January 1,

Balance

During

Balance

Balance

Impairment

Balance

2023 -

January 1,

the

June 25,

January 1,

Loss During

June 25,

June 25,

June 25,

    

2023

      

Period

     

2023

      

2023

      

the Period

      

2023

     

2023

      

2023

(in millions)

Americas

$

490.3

$

$

490.3

$

(24.5)

$

$

(24.5)

$

0.3

$

466.1

Europe

 

236.7

 

 

236.7

 

(129.7)

 

 

(129.7)

 

2.5

 

109.5

APMEA

 

32.5

 

1.1

 

33.6

 

(12.9)

 

 

(12.9)

 

(0.5)

 

20.2

Total

$

759.5

$

1.1

$

760.6

$

(167.1)

$

$

(167.1)

$

2.3

$

595.8

Schedule of Intangible assets

June 25, 2023

December 31, 2022

Gross

Net

Gross

Net

Carrying

Accumulated

Carrying

Carrying

Accumulated

Carrying

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

(in millions)

Patents

$

5.0

$

(5.0)

$

$

5.0

$

(5.0)

$

Customer relationships

 

175.0

 

(122.2)

 

52.8

 

175.1

 

(118.6)

 

56.5

Technology

 

53.2

 

(42.4)

 

10.8

 

53.2

 

(40.5)

 

12.7

Trade names

 

20.5

 

(11.3)

 

9.2

 

19.8

 

(10.8)

 

9.0

Other

 

1.1

 

(0.7)

 

0.4

 

1.1

 

(0.6)

 

0.5

Total amortizable intangibles

 

254.8

 

(181.6)

 

73.2

 

254.2

 

(175.5)

 

78.7

Indefinite-lived intangible assets

 

35.4

 

 

35.4

 

35.0

 

 

35.0

$

290.2

$

(181.6)

$

108.6

$

289.2

$

(175.5)

$

113.7