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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Changes To Goodwill
The following information presents changes to goodwill during the nine months ended September 30, 2017 (in millions):
 
Total
 
Commercial and Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
Balance as of December 31, 2016
$
1,453.2

 
$
540.6

 
$
341.8

 
$
570.8

Translation Adjustments
22.0

 
8.9

 
1.1

 
12.0

Balance as of September 30, 2017
$
1,475.2

 
$
549.5

 
$
342.9

 
$
582.8

 
 
 
 
 
 
 
 
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):  
 
 
 
 
September 30, 2017
 
December 31, 2016
 
 
Weighted Average Amortization Period (Years)
 
Gross Value
 
Accumulated
Amortization
 
Gross Value
 
Accumulated
Amortization
Amortizable Intangible Assets:
 
 
 
 
 
 
 
 
 
 
  Customer Relationships
 
16
 
$
718.8

 
$
240.1

 
$
703.6

 
$
201.6

  Technology
 
13
 
191.8

 
118.0

 
189.7

 
109.5

  Trademarks
 
15
 
32.7

 
25.3

 
31.8

 
23.3

  Patent and Engineering Drawings
 
5
 
16.6

 
16.6

 
16.6

 
16.6

  Non-Compete Agreements
 
8
 
8.4

 
8.3

 
8.3

 
8.1

 
 
 
 
968.3

 
408.3

 
950.0

 
359.1

Non-Amortizable Trade Names
 
 
 
122.4

 

 
120.8

 

 
 
 
 
$
1,090.7

 
$
408.3

 
$
1,070.8

 
$
359.1

 
 
 
 
 
 
 
 
 
 
 
Schedule Of Indefinite-Lived Intangible Assets
Intangible assets consisted of the following (in millions):  
 
 
 
 
September 30, 2017
 
December 31, 2016
 
 
Weighted Average Amortization Period (Years)
 
Gross Value
 
Accumulated
Amortization
 
Gross Value
 
Accumulated
Amortization
Amortizable Intangible Assets:
 
 
 
 
 
 
 
 
 
 
  Customer Relationships
 
16
 
$
718.8

 
$
240.1

 
$
703.6

 
$
201.6

  Technology
 
13
 
191.8

 
118.0

 
189.7

 
109.5

  Trademarks
 
15
 
32.7

 
25.3

 
31.8

 
23.3

  Patent and Engineering Drawings
 
5
 
16.6

 
16.6

 
16.6

 
16.6

  Non-Compete Agreements
 
8
 
8.4

 
8.3

 
8.3

 
8.1

 
 
 
 
968.3

 
408.3

 
950.0

 
359.1

Non-Amortizable Trade Names
 
 
 
122.4

 

 
120.8

 

 
 
 
 
$
1,090.7

 
$
408.3

 
$
1,070.8

 
$
359.1

 
 
 
 
 
 
 
 
 
 
 
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
2018
 
$
53.9

2019
 
53.5

2020
 
50.4

2021
 
42.6

2022
 
41.0