GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes to Goodwill

The following table presents changes to goodwill during the nine months ended September 28, 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	(10.0		)	(4.6		)	0.4		(5.8		)
Balance as of September 28, 2019	$	1,496.4		$	594.3		$	331.0	$	571.1
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 28, 2019				December 29, 2018
	Weighted Average Amortization Period (Years)	Gross Value		Accumulated Amortization		Gross Value		Accumulated Amortization
Amortizable Intangible Assets:
Customer Relationships	17	$	689.1	$	291.1	$	708.8	$	272.4
Technology	14	143.4		96.3		144.5		90.1
Trademarks	14	35.5		24.4		37.0		24.2
Patent and Engineering Drawings	5	16.6		16.6		16.6		16.6
		884.6		428.4		906.9		403.3
Non-Amortizable Trade Names		121.3		—		121.9		—
		$	1,005.9	$	428.4	$	1,028.8	$	403.3
Intangible Assets, Net of Amortization		$	577.5			$	625.5

Schedule of Indefinite-Lived Intangible Assets

The following table presents intangible assets (in millions):

		September 28, 2019				December 29, 2018
	Weighted Average Amortization Period (Years)	Gross Value		Accumulated Amortization		Gross Value		Accumulated Amortization
Amortizable Intangible Assets:
Customer Relationships	17	$	689.1	$	291.1	$	708.8	$	272.4
Technology	14	143.4		96.3		144.5		90.1
Trademarks	14	35.5		24.4		37.0		24.2
Patent and Engineering Drawings	5	16.6		16.6		16.6		16.6
		884.6		428.4		906.9		403.3
Non-Amortizable Trade Names		121.3		—		121.9		—
		$	1,005.9	$	428.4	$	1,028.8	$	403.3
Intangible Assets, Net of Amortization		$	577.5			$	625.5

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table presents future estimated annual amortization for intangible assets (in millions):

Year	Estimated Amortization
2020	$	47.5
2021	42.4
2022	40.8
2023	40.7
2024	39.6