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Goodwill and Intangible Assets
3 Months Ended
Mar. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
 
(a)    Goodwill
 
    The carrying amounts of goodwill as of March 30, 2025 and December 29, 2024 by reportable segment are as follows (in millions):
As of March 30, 2025
KGSUSTotal
Gross value$712.1 $138.6 $850.7 
Less accumulated impairment239.5 13.8 253.3 
Net$472.6 $124.8 $597.4 

As of December 29, 2024
KGSUSTotal
Gross value$683.6 $138.6 822.2 
Less accumulated impairment239.5 13.8 253.3 
Net$444.1 $124.8 $568.9 

(b)    Purchased Intangible Assets
 
The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions): 
 As of March 30, 2025As of December 29, 2024
 Gross
Value
Accumulated
Amortization
Net
Value
Gross
Value
Accumulated
Amortization
Net
Value
Acquired finite-lived intangible assets:    
Customer relationships$83.4 $(66.0)$17.4 $80.9 $(65.3)$15.6 
Contracts and backlog56.1 (44.3)11.8 53.1 (43.2)9.9 
Non-compete Agreements
0.5 — 0.5 — — — 
Developed technology and technical know-how35.7 (29.7)6.0 33.7 (29.4)4.3 
Trade names5.8 (3.1)2.7 3.8 (3.1)0.7 
In-process research and development16.8 (0.5)16.3 16.8 (0.4)16.4 
Total finite-lived intangible assets198.3 (143.6)54.7 188.3 (141.4)46.9 
Indefinite-lived trade names6.9 — 6.9 6.9 — 6.9 
Total intangible assets$205.2 $(143.6)$61.6 $195.2 $(141.4)$53.8 
Consolidated amortization expense related to intangible assets subject to amortization was $2.2 million and $2.1 million for the three months ended March 30, 2025 and March 31, 2024, respectively.
The estimated future amortization expense of acquired intangible assets with finite lives for the remainder of 2025 and the next five fiscal years, and thereafter as of March 30, 2025 is as follows (in millions):
Amount
2025
$7.9 
2026
10.7 
2027
9.0 
2028
6.1 
2029
6.2 
Thereafter
$14.8