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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes to Goodwill
The following information presents changes to goodwill during the periods indicated (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
23.9

 
8.2

 
0.6

 
15.1

Balance as of December 30, 2017
$
1,477.1

 
$
548.8

 
$
342.4

 
$
585.9

 
 
 
 
 
 
 
 
Acquisitions
58.7

 
58.7

 

 

Less: Impairment charges
(9.5
)
 

 
(9.5
)
 

Less: Held for Sale
(1.3
)
 

 
(1.3
)
 

Translation Adjustments
(15.8
)
 
(8.6
)
 
(1.0
)
 
(6.2
)
Balance as of December 29, 2018
$
1,509.2

 
$
598.9

 
$
330.6

 
$
579.7

Cumulative Goodwill Impairment Charges
$
285.2

 
$
244.8

 
$
17.2

 
$
23.2

Schedule of Gross Intangibles
Intangible assets consist of the following (in millions):
 
Weighted Average Amortization Period (Years)
 
December 30, 2017
 
Acquisition
 
Held for Sale
 
Impairment Charges
 
Translation Adjustments
 
December 29, 2018
Customer Relationships
17
 
$
720.9

 
$
28.3

 
$
(18.7
)
 
$
(10.8
)
 
$
(10.9
)
 
$
708.8

Technology
14
 
192.3

 

 
(32.2
)
 
(14.1
)
 
(1.5
)
 
144.5

Trademarks
14
 
32.8

 
9.5

 
(4.0
)
 

 
(1.3
)
 
37.0

Patent and Engineering Drawings
5
 
16.6

 

 

 

 

 
16.6

Non-Compete Agreements
8
 
8.5

 

 
(1.1
)
 

 
(0.2
)
 
7.2

 
 
 
971.1

 
37.8

 
(56.0
)
 
(24.9
)
 
(13.9
)
 
914.1

Non-Amortizable Trade Names
 
 
122.5

 

 

 

 
(0.6
)
 
121.9

Total Gross Intangibles
 
 
$
1,093.6

 
$
37.8

 
$
(56.0
)
 
$
(24.9
)
 
$
(14.5
)
 
$
1,036.0

Schedule of Accumulated Amortization
Accumulated amortization on intangible assets consists of the following:
 
 
December 30, 2017
 
Amortization
 
Held for Sale
 
Impairment Charges
 
Translation Adjustments
 
December 29, 2018
Customer Relationships
 
$
249.6

 
$
43.5

 
$
(11.1
)
 
$
(5.3
)
 
$
(4.3
)
 
$
272.4

Technology
 
122.8

 
9.5

 
(29.1
)
 
(12.0
)
 
(1.1
)
 
90.1

Trademarks
 
25.7

 
1.8

 
(2.7
)
 

 
(0.6
)
 
24.2

Patent and Engineering Drawings
 
16.6

 

 

 

 

 
16.6

Non-Compete Agreements
 
8.4

 
0.1

 
(1.1
)
 

 
(0.2
)
 
7.2

Total Accumulated Amortization
 
$
423.1

 
$
54.9

 
$
(44.0
)
 
$
(17.3
)
 
$
(6.2
)
 
$
410.5

Intangible Assets, Net of Amortization
 
$
670.5

 
 
 
 
 
 
 
 
 
$
625.5

Schedule of Estimated Amortization
The following table presents estimated future amortization expense (in millions):
 
 
 
Estimated Amortization
Year
 
 
2019
 
 
$
50.9

2020
 
 
48.3

2021
 
 
43.1

2022
 
 
41.5

2023
 
 
41.4