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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following information presents changes to goodwill during the periods indicated:
TotalCommercial Systems Industrial Systems Climate SolutionsMotion Control Solutions
Balance as of January 2, 2021$1,518.2 $433.3 $163.7 $330.8 $590.4 
Less: Impairment Charges(33.0)— (33.0)— — 
Acquisitions2,576.8 — — — 2,576.8 
Translation and Other(22.8)(4.4)(1.9)(0.3)(16.2)
Balance as of January 1, 2022$4,039.2 $428.9 $128.8 $330.5 $3,151.0 
Acquisitions27.2 — — — 27.2 
Translation and Other(47.6)(6.4)(2.0)(0.7)(38.5)
Balance as of December 31, 2022$4,018.8 $422.5 $126.8 $329.8 $3,139.7 
Cumulative Goodwill Impairment Charges$328.7 $183.2 $105.1 $17.2 $23.2 

Intangible Assets
Intangible assets consist of the following:
December 31, 2022January 1, 2022
Weighted Average Amortization Period (Years)Gross AmountAccumulated AmortizationNet Carrying AmountGross AmountAccumulated AmortizationNet Carrying Amount
Customer Relationships16$2,321.4 $532.0 $1,789.4 $2,335.4 $405.0 $1,930.4 
Technology13246.2 125.0 121.2 250.1 114.1 136.0 
Trademarks10392.7 73.4 319.3 400.0 37.2 362.8 
Total Intangibles$2,960.3 $730.4 $2,229.9 $2,985.5 $556.3 $2,429.2 

While the Company believes its customer relationships are long-term in nature, the Company's contractual customer relationships are generally short-term. Useful lives are established at acquisition based on historical attrition rates.
Amortization expense was $185.5 million in fiscal 2022, $77.4 million in fiscal 2021 and $47.3 million in fiscal 2020.

The following table presents estimated future amortization expense:
Estimated Amortization
Year
2023$187.5 
2024186.9 
2025184.9 
2026181.4 
2027146.9