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Goodwill And Intangible Assets (Tables)
6 Months Ended
Jul. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Changes To Goodwill
The following information presents changes to goodwill during the six months ended July 2, 2016 (in millions):
 
Total
 
Commercial and Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
Balance as of January 2, 2016
$
1,465.6

 
$
547.7

 
$
342.8

 
$
575.1

Acquisition and valuation adjustments
(0.3
)
 

 

 
(0.3
)
Translation adjustments
0.7

 
(0.7
)
 
(0.3
)
 
1.7

Balance as of July 2, 2016
$
1,466.0

 
$
547.0

 
$
342.5

 
$
576.5

 
 
 
 
 
 
 
 
Cumulative goodwill impairment charges
$
275.7

 
$
244.8

 
$
7.7

 
$
23.2

Schedule Of Finite-Lived Intangible Assets
Intangible assets consisted of the following (in millions):  
 
 
 
 
July 2, 2016
 
January 2, 2016
 
 
Weighted Average Amortization Period (Years)
 
Gross Value
 
Accumulated
Amortization
 
Gross Value
 
Accumulated
Amortization
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
  Customer relationships
 
15
 
$
711.6

 
$
183.1

 
$
709.0

 
$
161.4

  Technology
 
11
 
191.0

 
101.7

 
191.1

 
92.9

  Trademarks
 
12
 
32.3

 
22.9

 
32.1

 
21.8

  Patent and engineering drawings
 
5
 
16.6

 
16.6

 
16.6

 
16.6

  Non-compete agreements
 
5
 
8.4

 
8.1

 
8.5

 
8.1

 
 
 
 
959.9

 
332.4

 
957.3

 
300.8

Non-amortizable trade names
 
 
 
121.6

 

 
121.3

 

 
 
 
 
$
1,081.5

 
$
332.4

 
$
1,078.6

 
$
300.8

 
 
 
 
 
 
 
 
 
 
 
Schedule Of Indefinite-Lived Intangible Assets
Intangible assets consisted of the following (in millions):  
 
 
 
 
July 2, 2016
 
January 2, 2016
 
 
Weighted Average Amortization Period (Years)
 
Gross Value
 
Accumulated
Amortization
 
Gross Value
 
Accumulated
Amortization
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
  Customer relationships
 
15
 
$
711.6

 
$
183.1

 
$
709.0

 
$
161.4

  Technology
 
11
 
191.0

 
101.7

 
191.1

 
92.9

  Trademarks
 
12
 
32.3

 
22.9

 
32.1

 
21.8

  Patent and engineering drawings
 
5
 
16.6

 
16.6

 
16.6

 
16.6

  Non-compete agreements
 
5
 
8.4

 
8.1

 
8.5

 
8.1

 
 
 
 
959.9

 
332.4

 
957.3

 
300.8

Non-amortizable trade names
 
 
 
121.6

 

 
121.3

 

 
 
 
 
$
1,081.5

 
$
332.4

 
$
1,078.6

 
$
300.8

 
 
 
 
 
 
 
 
 
 
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Estimated expected future annual amortization for intangible assets is as follows (in millions):

 Year
 
Estimated Amortization
2017
 
$
55.3

2018
 
53.3

2019
 
52.8

2020
 
49.7

2021
 
42.1