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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Changes To Goodwill
The following table presents changes to goodwill during the six months ended June 29, 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

Divestiture
(2.8
)
 

 

 
(2.8
)
Translation Adjustments
0.3

 
0.6

 
0.8

 
(1.1
)
Balance as of June 29, 2019
$
1,506.7

 
$
599.5

 
$
331.4

 
$
575.8

 
 
 
 
 
 
 
 
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):
 
 
 
 
June 29, 2019
 
December 29, 2018
 
 
Weighted Average Amortization Period (Years)
 
Gross Value
 
Accumulated
Amortization
 
Gross Value
 
Accumulated
Amortization
Amortizable Intangible Assets:
 
 
 
 
 
 
 
 
 
 
  Customer Relationships
 
17
 
$
695.7

 
$
284.3

 
$
708.8

 
$
272.4

  Technology
 
14
 
144.4

 
94.8

 
144.5

 
90.1

  Trademarks
 
14
 
36.2

 
24.3

 
37.0

 
24.2

  Patent and Engineering Drawings
 
5
 
16.6

 
16.6

 
16.6

 
16.6

 
 
 
 
892.9

 
420.0

 
906.9

 
403.3

Non-Amortizable Trade Names
 
 
 
121.8

 

 
121.9

 

 
 
 
 
$
1,014.7

 
$
420.0

 
$
1,028.8

 
$
403.3

 
 
 
 
 
 
 
 
 
 
 
Intangible Assets, Net of Amortization
 
 
 
$
594.7

 
 
 
$
625.5

 
 

Schedule Of Indefinite-Lived Intangible Assets
The following table presents intangible assets (in millions):
 
 
 
 
June 29, 2019
 
December 29, 2018
 
 
Weighted Average Amortization Period (Years)
 
Gross Value
 
Accumulated
Amortization
 
Gross Value
 
Accumulated
Amortization
Amortizable Intangible Assets:
 
 
 
 
 
 
 
 
 
 
  Customer Relationships
 
17
 
$
695.7

 
$
284.3

 
$
708.8

 
$
272.4

  Technology
 
14
 
144.4

 
94.8

 
144.5

 
90.1

  Trademarks
 
14
 
36.2

 
24.3

 
37.0

 
24.2

  Patent and Engineering Drawings
 
5
 
16.6

 
16.6

 
16.6

 
16.6

 
 
 
 
892.9

 
420.0

 
906.9

 
403.3

Non-Amortizable Trade Names
 
 
 
121.8

 

 
121.9

 

 
 
 
 
$
1,014.7

 
$
420.0

 
$
1,028.8

 
$
403.3

 
 
 
 
 
 
 
 
 
 
 
Intangible Assets, Net of Amortization
 
 
 
$
594.7

 
 
 
$
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
 
$
48.0

2021
 
42.8

2022
 
41.2

2023
 
41.1

2024
 
40.0