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GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Apr. 03, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes to Goodwill
The following table presents changes to goodwill during the three months ended April 3, 2021 (in millions):
TotalCommercial SystemsIndustrial SystemsClimate SolutionsPower Transmission Solutions
Balance as of January 2, 2021$1,518.2 $433.3 $163.7 $330.8 $590.4 
Translation Adjustments(9.1)(3.1)(1.0)(0.2)(4.8)
Balance as of April 3, 2021$1,509.1 $430.2 $162.7 $330.6 $585.6 
Cumulative Goodwill Impairment Charges$295.7 $183.2 $72.1 $17.2 $23.2 
Schedule of Finite-Lived Intangible Assets
The following table presents intangible assets (in millions):
 April 3, 2021January 2, 2021
 Weighted Average Amortization Period (Years)Gross ValueAccumulated AmortizationGross ValueAccumulated Amortization
Amortizable Intangible Assets:
  Customer Relationships17$702.8 $356.1 $708.6 $349.4 
  Technology14145.7 108.7 146.3 108.0 
  Trademarks1437.0 27.8 37.7 27.7 
885.5 492.6 892.6 485.1 
Non-Amortizable Trade Name122.2 — 122.8 — 
$1,007.7 $492.6 $1,015.4 $485.1 
Intangible Assets, Net of Amortization$515.1 $530.3 
Schedule of Indefinite-Lived Intangible Assets
The following table presents intangible assets (in millions):
 April 3, 2021January 2, 2021
 Weighted Average Amortization Period (Years)Gross ValueAccumulated AmortizationGross ValueAccumulated Amortization
Amortizable Intangible Assets:
  Customer Relationships17$702.8 $356.1 $708.6 $349.4 
  Technology14145.7 108.7 146.3 108.0 
  Trademarks1437.0 27.8 37.7 27.7 
885.5 492.6 892.6 485.1 
Non-Amortizable Trade Name122.2 — 122.8 — 
$1,007.7 $492.6 $1,015.4 $485.1 
Intangible Assets, Net of Amortization$515.1 $530.3 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table presents future estimated annual amortization for intangible assets (in millions):
 YearEstimated Amortization
2022$41.5 
202341.4 
202440.8 
202538.7 
202635.2