Intangible Assets And Goodwill

12 Months Ended

Dec. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets And Goodwill

NOTE 4: INTANGIBLE ASSETS AND GOODWILL

Intangible Assets

The following table presents a summary of our intangible assets:

		At the End of 2022						At the End of 2021
(In millions)	Weighted-Average Useful Lives (in years)	Gross Carrying Amount		Accumulated Amortization		Net  Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net  Carrying Amount
Developed product technology	6	$	1,004.8	$	(722.7)	$	282.1	$	1,011.9	$	(748.2)	$	263.7
Customer relationships	8	654.1		(445.9)		208.2		667.8		(428.9)		238.9
Trade names and trademarks	6	39.5		(32.7)		6.8		48.0		(45.0)		3.0
Distribution rights and other intellectual properties	4	8.0		(7.0)		1.0		10.0		(9.0)		1.0
		$	1,706.4	$	(1,208.3)	$	498.1	$	1,737.7	$	(1,231.1)	$	506.6

As of the end of 2022 and 2021, $79.9 million and $160.1 million of fully amortized intangible assets were written off.

The estimated future amortization expense of intangible assets at the end of 2022 was as follows: 

(In millions)
2023	$	133.5
2024	109.0
2025	73.5
2026	67.2
2027	53.5
Thereafter	61.4
Total	$	498.1

Goodwill

The changes in the carrying amount of goodwill by segment were as follows:

	Buildings and Infrastructure		Geospatial		Resources and Utilities		Transportation		Total
(In millions)
Balance as of year end 2021	$	2,141.4	$	403.6	$	440.8	$	995.7	$	3,981.5
Additions due to acquisition	214.4		—		43.7		—		258.1
Decrease from divestitures	(23.9)		(6.9)		—		(6.9)		(37.7)
Foreign currency translation and other adjustments	(31.8)		(14.6)		(12.7)		(4.9)		(64.0)
Balance as of year end 2022	$	2,300.1	$	382.1	$	471.8	$	983.9	$	4,137.9