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Other Assets goodwill (Policies)
6 Months Ended
Jul. 01, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block]
Goodwill is summarized as follows:
Changes in Goodwill Balance
Balance atBalance at
SegmentDecember 31,
2020
AcquisitionsAdjustments/OtherCurrency ExchangeJuly 1,
2021
Fuselage Systems$42.9 $— $137.7 $— $180.6 
Propulsion Systems$33.1 $— $109.7 $— $142.8 
Wing Systems$2.5 $— $275.7 $278.2 
All Other$— $— $— $— 
Not Allocated$486.8 
(1)
$17.4 
(2)
$(486.8)
(1)
$— $17.4 
$565.3 $17.4 $36.3 
(3)
$— $619.0 

(1) The Bombardier Acquisition (as defined below) on October 30, 2020 resulted in the establishment of $486.8 of goodwill that was included in the balance reported at December 31, 2020, which, given the preliminary nature of the Bombardier Acquisition purchase price allocation, had not yet been allocated to the relevant reportable segments. The amount was subsequently allocated and is included in the segments noted above on a preliminary basis, subject to further measurement period adjustments. See also Note 24, Acquisitions.

(2) Goodwill related to the acquisition of the assets of Applied Aerodynamics, Inc. ("Applied") during the three months ended July 1, 2021. See Note 24, Acquisitions. As of July 1, 2021, given the preliminary nature of the purchase price allocation, the Company has not yet allocated goodwill for the acquisition to the relevant reportable segments.

(3)    As a result of certain purchase price allocation adjustments recorded during the purchase price accounting measurement period based on additional information obtained, the goodwill resulting from the Bombardier Acquisition (as defined below) was adjusted by $36.3 from $486.8, which was reported at December 31, 2020, to $523.1 as of July 1, 2021. See also Note 24, Acquisitions.

The total goodwill value includes no accumulated impairment loss in any of the periods presented. The Company assesses goodwill for impairment annually or more frequently if events or circumstances indicate that the fair value of a reporting unit that includes goodwill may be lower than its carrying value. For the period ended July 1, 2021, there were no events or circumstances which would require the Company to update its goodwill impairment analysis.
Intangible assets are summarized as follows:
July 1,
2021
December 31,
2020
Intangible assets  
Patents$2.0 $2.0 
Favorable leasehold interests2.8 2.8 
Developed technology asset(1)
92.0 94.0 
Customer relationships intangible asset(2)
132.0 124.1 
Other0.1 — 
Total intangible assets$228.9 $222.9 
Less: Accumulated amortization - patents(2.0)(2.0)
    Accumulated amortization - favorable leasehold interest(1.8)(1.8)
         Accumulated amortization - developed technology asset(5.7)(2.6)
         Accumulated amortization - customer relationship(4.5)(1.3)
Intangible assets, net$214.9 $215.2 

(1) The acquisition of Fiber Materials Inc. on January 10, 2020 resulted in the establishment of a $30.0 intangible asset for developed technology. The Bombardier Acquisition resulted in the establishment of a $64.0 intangible asset for developed technology, which has been adjusted to $62.0 related to the goodwill adjustment described above.

(2) The Bombardier Acquisition resulted in the establishment of a $124.1 intangible asset for customer relationships, which has been adjusted to $125.1 related to the goodwill adjustment described above. The acquisition of Applied Aerodynamics on April 26, 2021 resulted in the establishment of a $6.9 intangible asset for customer relationships. See also Note 24, Acquisitions.

The amortization for each of the five succeeding years relating to intangible assets currently recorded in the Condensed Consolidated Balance Sheet and the weighted average amortization is estimated to be the following as of July 1, 2021:
YearCustomer relationshipsFavorable leasehold interestDeveloped TechnologyTotal
remaining in 2021$4.0 $0.1 $3.1 $7.2 
20227.8 0.1 6.1 14.0 
20237.8 0.1 6.1 14.0 
20247.8 0.1 6.1 14.0 
20257.8 0.1 6.1 14.0 
20267.8 0.1 6.1 14.0 
Weighted average amortization period16.8 years8.7 years14.1 years15.7 years