Goodwill and other intangible assets

6 Months Ended

Jul. 02, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangible assets

Goodwill and other intangible assets

The following table provides information relating to changes in the carrying amount of goodwill by reportable operating segment for the six months ended July 2, 2023:

	Americas		EMEA		Asia		OEM		Total
December 31, 2022	$	1,731,093	$	468,524	$	225,103	$	112,010	$	2,536,730
Currency translation adjustment	3,186		10,151		(3,937)		—		9,400
July 2, 2023	$	1,734,279	$	478,675	$	221,166	$	112,010	$	2,546,130

The gross carrying amount of, and accumulated amortization relating to, intangible assets as of July 2, 2023 and December 31, 2022 were as follows:

	Gross Carrying Amount				Accumulated Amortization
	July 2, 2023		December 31, 2022		July 2, 2023		December 31, 2022
Customer relationships	$	1,331,398	$	1,328,539	$	(529,684)	$	(497,335)
In-process research and development	27,517		27,075		—		—
Intellectual property	1,602,296		1,599,355		(693,064)		(646,643)
Distribution rights	23,245		23,115		(21,605)		(21,090)
Trade names	565,716		564,023		(77,959)		(71,128)
Non-compete agreements	21,981		21,429		(21,894)		(21,175)
	$	3,572,153	$	3,563,536	$	(1,344,206)	$	(1,257,371)