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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Changes To Goodwill
The following table presents changes to goodwill during the three months ended March 30, 2019 (in millions):
 
Total
 
Commercial and Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
Balance as of December 29, 2018
$
1,509.2

 
$
598.9

 
$
330.6

 
$
579.7

Translation Adjustments
(1.8
)
 
(0.3
)
 
0.2

 
(1.7
)
Balance as of March 30, 2019
$
1,507.4

 
$
598.6

 
$
330.8

 
$
578.0

 
 
 
 
 
 
 
 
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):
 
 
 
 
March 30, 2019
 
December 29, 2018
 
 
Weighted Average Amortization Period (Years)
 
Gross Value
 
Accumulated
Amortization
 
Gross Value
 
Accumulated
Amortization
Amortizable Intangible Assets:
 
 
 
 
 
 
 
 
 
 
  Customer Relationships
 
17
 
$
694.6

 
$
274.3

 
$
708.8

 
$
272.4

  Technology
 
14
 
144.7

 
92.8

 
144.5

 
90.1

  Trademarks
 
14
 
36.1

 
23.9

 
37.0

 
24.2

  Patent and Engineering Drawings
 
5
 
16.6

 
16.6

 
16.6

 
16.6

  Non-Compete Agreements
 
8
 
7.3

 
7.3

 
7.2

 
7.2

 
 
 
 
899.3

 
414.9

 
914.1

 
410.5

Non-Amortizable Trade Names
 
 
 
121.7

 

 
121.9

 

 
 
 
 
$
1,021.0

 
$
414.9

 
$
1,036.0

 
$
410.5

 
 
 
 
 
 
 
 
 
 
 
Intangible Assets, Net of Amortization
 
 
 
$
606.1

 
 
 
$
625.5

 
 
Schedule Of Indefinite-Lived Intangible Assets
The following table presents intangible assets (in millions):
 
 
 
 
March 30, 2019
 
December 29, 2018
 
 
Weighted Average Amortization Period (Years)
 
Gross Value
 
Accumulated
Amortization
 
Gross Value
 
Accumulated
Amortization
Amortizable Intangible Assets:
 
 
 
 
 
 
 
 
 
 
  Customer Relationships
 
17
 
$
694.6

 
$
274.3

 
$
708.8

 
$
272.4

  Technology
 
14
 
144.7

 
92.8

 
144.5

 
90.1

  Trademarks
 
14
 
36.1

 
23.9

 
37.0

 
24.2

  Patent and Engineering Drawings
 
5
 
16.6

 
16.6

 
16.6

 
16.6

  Non-Compete Agreements
 
8
 
7.3

 
7.3

 
7.2

 
7.2

 
 
 
 
899.3

 
414.9

 
914.1

 
410.5

Non-Amortizable Trade Names
 
 
 
121.7

 

 
121.9

 

 
 
 
 
$
1,021.0

 
$
414.9

 
$
1,036.0

 
$
410.5

 
 
 
 
 
 
 
 
 
 
 
Intangible Assets, Net of Amortization
 
 
 
$
606.1

 
 
 
$
625.5

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

 Year
 
Estimated Amortization
2020
 
$
47.9

2021
 
42.7

2022
 
41.1

2023
 
41.0

2024
 
39.9