Other Assets Goodwill (Tables)

3 Months Ended

Apr. 02, 2020

Goodwill [Abstract]

Goodwill Disclosure [Text Block]

Goodwill is summarized as follows:

	April 2, 2020		December 31, 2019
Goodwill - United Kingdom	2.3		2.4
Goodwill - United States(1)	76.2		—
Total	$	78.5	$	2.4

(1) The acquisition of Fiber Materials Inc. ("FMI") on January 10, 2020 resulted in the establishment of $76.2 goodwill. Management used its best judgment to assess the potential impact of COVID-19 pandemic on the valuation of this goodwill as of April 2, 2020.

The changes in the allocation of goodwill by reportable segment within the period ended April 2, 2020 reflect the FMI acquisition. The goodwill balance as of December 31, 2019 of $2.4 is allocated to the Wing Systems Segment. The balance as of April 2, 2020 is allocated $43.0 to the Fuselage Systems Segment, $33.2 to the Propulsion Systems Segment, and $2.3 to the Wing Systems Segment. The total goodwill value of $78.5 includes no accumulated impairment loss in any of the periods presented. The change in value from December 31, 2019 to April 2, 2020 for the Europe goodwill item, as seen in the table above, reflects net exchange differences arising during the period.