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GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Oct. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes to Goodwill
The following table presents changes to goodwill during the nine months ended October 2, 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(12.0)(3.7)(1.5)(0.3)(6.5)
Balance as of October 2, 2021$1,506.2 $429.6 $162.2 $330.5 $583.9 
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):
 October 2, 2021January 2, 2021
 Weighted Average Amortization Period (Years)Gross ValueAccumulated AmortizationGross ValueAccumulated Amortization
Amortizable Intangible Assets:
  Customer Relationships17$700.1 $373.2 $708.6 $349.4 
  Technology14145.5 110.8 146.3 108.0 
  Trademarks1436.5 28.2 37.7 27.7 
882.1 512.2 892.6 485.1 
Non-Amortizable Trade Name122.1 — 122.8 — 
$1,004.2 $512.2 $1,015.4 $485.1 
Intangible Assets, Net of Amortization$492.0 $530.3 
Schedule of Indefinite-Lived Intangible Assets
The following table presents intangible assets (in millions):
 October 2, 2021January 2, 2021
 Weighted Average Amortization Period (Years)Gross ValueAccumulated AmortizationGross ValueAccumulated Amortization
Amortizable Intangible Assets:
  Customer Relationships17$700.1 $373.2 $708.6 $349.4 
  Technology14145.5 110.8 146.3 108.0 
  Trademarks1436.5 28.2 37.7 27.7 
882.1 512.2 892.6 485.1 
Non-Amortizable Trade Name122.1 — 122.8 — 
$1,004.2 $512.2 $1,015.4 $485.1 
Intangible Assets, Net of Amortization$492.0 $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$41.3 
202341.2 
202440.6 
202538.5 
202635.0