Goodwill and other intangible assets

9 Months Ended

Oct. 01, 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 nine months ended October 1, 2023:

	Americas		EMEA		Asia		OEM		Total
December 31, 2022	$	1,731,093	$	468,524	$	225,103	$	112,010	$	2,536,730
Currency translation adjustment	2,608		(4,011)		(7,022)		—		(8,425)
October 1, 2023	$	1,733,701	$	464,513	$	218,081	$	112,010	$	2,528,305

The gross carrying amount of, and accumulated amortization relating to, intangible assets as of October 1, 2023 and December 31, 2022 were as follows:

	Gross Carrying Amount				Accumulated Amortization
	October 1, 2023		December 31, 2022		October 1, 2023		December 31, 2022
Customer relationships	$	1,326,706	$	1,328,539	$	(542,216)	$	(497,335)
In-process research and development	26,979		27,075		—		—
Intellectual property	1,600,259		1,599,355		(714,308)		(646,643)
Distribution rights	23,087		23,115		(21,643)		(21,090)
Trade names	562,461		564,023		(80,787)		(71,128)
Non-compete agreements	21,311		21,429		(21,310)		(21,175)
	$	3,560,803	$	3,563,536	$	(1,380,264)	$	(1,257,371)