GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 26, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes to Goodwill

The following table presents changes to goodwill during the nine months ended September 26, 2020 (in millions):

	Total		Commercial Systems		Industrial Systems		Climate Solutions		Power Transmission Solutions
Balance as of December 28, 2019	$	1,501.3	$	426.6	$	170.8	$	331.2	$	572.7
Translation Adjustments	7.1		(0.6)		1.3		(1.2)		7.6
Balance as of September 26, 2020	$	1,508.4	$	426.0	$	172.1	$	330.0	$	580.3
Cumulative Goodwill Impairment Charges	$	285.2	$	183.2	$	61.6	$	17.2	$	23.2

Schedule of Finite-Lived Intangible Assets

The following table presents intangible assets (in millions):

		September 26, 2020				December 28, 2019
	Weighted Average Amortization Period (Years)	Gross Value		Accumulated Amortization		Gross Value		Accumulated Amortization
Amortizable Intangible Assets:
Customer Relationships	17	$	698.5	$	334.4	$	692.1	$	302.4
Technology	14	144.7		105.4		144.0		99.0
Trademarks	14	36.5		26.6		35.9		25.0
Patent and Engineering Drawings	5	16.6		16.6		16.6		16.6
		896.3		483.0		888.6		443.0
Non-Amortizable Trade Name		122.1		—		121.6		—
		$	1,018.4	$	483.0	$	1,010.2	$	443.0
Intangible Assets, Net of Amortization		$	535.4			$	567.2

Schedule of Indefinite-Lived Intangible Assets

The following table presents intangible assets (in millions):

		September 26, 2020				December 28, 2019
	Weighted Average Amortization Period (Years)	Gross Value		Accumulated Amortization		Gross Value		Accumulated Amortization
Amortizable Intangible Assets:
Customer Relationships	17	$	698.5	$	334.4	$	692.1	$	302.4
Technology	14	144.7		105.4		144.0		99.0
Trademarks	14	36.5		26.6		35.9		25.0
Patent and Engineering Drawings	5	16.6		16.6		16.6		16.6
		896.3		483.0		888.6		443.0
Non-Amortizable Trade Name		122.1		—		121.6		—
		$	1,018.4	$	483.0	$	1,010.2	$	443.0
Intangible Assets, Net of Amortization		$	535.4			$	567.2

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
2021	$	43.0
2022	41.2
2023	41.2
2024	40.6
2025	38.5