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Goodwill And Intangible Assets (Tables)
6 Months Ended
Jul. 04, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Changes To Goodwill
The following information presents changes to goodwill during the six months ended July 4, 2015 (in millions):
 
Total
 
Commercial and Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
Balance as of January 3, 2015
$
1,004.0

 
$
645.4

 
$
344.6

 
$
14.0

Acquisition and Valuation adjustments
570.0

 

 

 
570.0

Translation adjustments
(5.0
)
 
(5.6
)
 
(0.3
)
 
0.9

Balance as of July 4, 2015
$
1,569.0

 
$
639.8

 
$
344.3

 
$
584.9

 
 
 
 
 
 
 
 
Cumulative Goodwill Impairment Charges
$
195.8

 
$
164.9

 
$
7.7

 
$
23.2

Schedule Of Finite-Lived Intangible Assets
Intangible assets consisted of the following (in millions):  
 
 
 
 
July 4, 2015
 
January 3, 2015
 
 
Weighted Average Amortization Period (Years)
 
Gross Value
 
Accumulated
Amortization
 
Gross Value
 
Accumulated
Amortization
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
  Customer Relationships
 
15
 
$
721.4

 
$
141.1

 
$
256.8

 
$
122.6

  Technology
 
11
 
192.6

 
84.2

 
129.4

 
74.9

  Trademarks
 
12
 
32.5

 
20.9

 
33.1

 
20.1

  Patent and Engineering Drawings
 
5
 
16.6

 
16.6

 
16.6

 
16.6

  Non-compete Agreements
 
5
 
8.6

 
8.1

 
8.6

 
8.0

 
 
 
 
971.7

 
270.9

 
444.5

 
242.2

Non-amortizable trademarks
 
 
 
121.9

 

 

 

 
 
 
 
$
1,093.6

 
$
270.9

 
$
444.5

 
$
242.2

 
 
 
 
 
 
 
 
 
 
 
Schedule Of Indefinite-Lived Intangible Assets
Intangible assets consisted of the following (in millions):  
 
 
 
 
July 4, 2015
 
January 3, 2015
 
 
Weighted Average Amortization Period (Years)
 
Gross Value
 
Accumulated
Amortization
 
Gross Value
 
Accumulated
Amortization
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
  Customer Relationships
 
15
 
$
721.4

 
$
141.1

 
$
256.8

 
$
122.6

  Technology
 
11
 
192.6

 
84.2

 
129.4

 
74.9

  Trademarks
 
12
 
32.5

 
20.9

 
33.1

 
20.1

  Patent and Engineering Drawings
 
5
 
16.6

 
16.6

 
16.6

 
16.6

  Non-compete Agreements
 
5
 
8.6

 
8.1

 
8.6

 
8.0

 
 
 
 
971.7

 
270.9

 
444.5

 
242.2

Non-amortizable trademarks
 
 
 
121.9

 

 

 

 
 
 
 
$
1,093.6

 
$
270.9

 
$
444.5

 
$
242.2

 
 
 
 
 
 
 
 
 
 
 
Schedule Of Estimated Amortization
The estimated expected future annual amortization for intangible assets is as follows (in millions):
 
Year
Estimated
Amortization
2016
$
62.3

2017
55.5

2018
53.7

2019
53.3

2020
50.6