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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Changes To Goodwill
The following table presents changes to goodwill during the nine months ended September 29, 2018 (in millions):
 
Total
 
Commercial and Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
Balance as of December 30, 2017
$
1,477.1

 
$
548.8

 
$
342.4

 
$
585.9

Acquisition and Valuation Adjustments
69.1

 
69.1

 

 

Less: Impairment Charges
(9.5
)
 

 
(9.5
)
 

Translation Adjustments
(12.4
)
 
(6.2
)
 
(1.0
)
 
(5.2
)
Balance as of September 29, 2018
$
1,524.3

 
$
611.7

 
$
331.9

 
$
580.7

 
 
 
 
 
 
 
 
Cumulative Goodwill Impairment Charges
$
285.2

 
$
244.8

 
$
17.2

 
$
23.2

Schedule Of Finite-Lived Intangible Assets
The following table presents intangible assets (in millions):
 
 
 
 
September 29, 2018
 
December 30, 2017
 
 
Weighted Average Amortization Period (Years)
 
Gross Value
 
Accumulated
Amortization
 
Gross Value
 
Accumulated
Amortization
Amortizable Intangible Assets:
 
 
 
 
 
 
 
 
 
 
  Customer Relationships
 
16
 
$
735.4

 
$
279.2

 
$
720.9

 
$
249.6

  Technology
 
13
 
188.9

 
128.7

 
192.3

 
122.8

  Trademarks
 
13
 
41.2

 
26.6

 
32.8

 
25.7

  Patent and Engineering Drawings
 
5
 
16.6

 
16.6

 
16.6

 
16.6

  Non-Compete Agreements
 
8
 
8.3

 
8.2

 
8.5

 
8.4

 
 
 
 
990.4

 
459.3

 
971.1

 
423.1

Non-Amortizable Trade Names
 
 
 
122.1

 

 
122.5

 

 
 
 
 
$
1,112.5

 
$
459.3

 
$
1,093.6

 
$
423.1

 
 
 
 
 
 
 
 
 
 
 
Schedule Of Indefinite-Lived Intangible Assets
The following table presents intangible assets (in millions):
 
 
 
 
September 29, 2018
 
December 30, 2017
 
 
Weighted Average Amortization Period (Years)
 
Gross Value
 
Accumulated
Amortization
 
Gross Value
 
Accumulated
Amortization
Amortizable Intangible Assets:
 
 
 
 
 
 
 
 
 
 
  Customer Relationships
 
16
 
$
735.4

 
$
279.2

 
$
720.9

 
$
249.6

  Technology
 
13
 
188.9

 
128.7

 
192.3

 
122.8

  Trademarks
 
13
 
41.2

 
26.6

 
32.8

 
25.7

  Patent and Engineering Drawings
 
5
 
16.6

 
16.6

 
16.6

 
16.6

  Non-Compete Agreements
 
8
 
8.3

 
8.2

 
8.5

 
8.4

 
 
 
 
990.4

 
459.3

 
971.1

 
423.1

Non-Amortizable Trade Names
 
 
 
122.1

 

 
122.5

 

 
 
 
 
$
1,112.5

 
$
459.3

 
$
1,093.6

 
$
423.1

 
 
 
 
 
 
 
 
 
 
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table presents future annual amortization for intangible assets (in millions):

 Year
 
Estimated Amortization
2019
 
$
53.6

2020
 
51.1

2021
 
44.5

2022
 
42.8

2023
 
42.8