Goodwill and Intangibles (Tables)

6 Months Ended

Jul. 01, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

Changes in the Company's goodwill during the six months ended July 1, 2023 and July 2, 2022, by segment, are summarized below:

(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Total
December 31, 2022	$	14.0	$	232.8	$	595.8	$	125.0	$	967.6
Adjustments	(0.1)		0.1		2.1		4.9		7.0
July 1, 2023	$	13.9	$	232.9	$	597.9	$	129.9	$	974.6
December 31, 2021	$	14.7	$	233.1	$	581.8	$	58.8	$	888.4
Acquisitions	—		—		—		79.5		79.5
Adjustments	(0.8)		(0.4)		(0.1)		0.1		(1.2)
July 2, 2022	$	13.9	$	232.7	$	581.7	$	138.4	$	966.7

Schedule of Other Intangible Assets [Table Text Block]

The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of July 1, 2023, December 31, 2022 and July 2, 2022, are summarized by intangible asset type below:

	July 1, 2023				December 31, 2022				July 2, 2022
(in millions)	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Intangible assets:
Customer relationships	$	897.6	$	(408.7)	$	897.4	$	(386.1)	$	897.4	$	(362.4)
Trade names	305.5		—		305.4		—		305.4		—
Developed technology	160.0		(18.7)		160.0		(13.3)		160.0		(8.0)
Other	82.1		(38.4)		67.6		(33.6)		74.3		(28.5)
Total	$	1,445.2	$	(465.8)	$	1,430.4	$	(433.0)	$	1,437.1	$	(398.9)

Other intangible assets primarily consist of software, patents and franchise agreements. Gross amounts and related accumulated amortization amounts include adjustments related to the impact of foreign currency translation. Aggregate amortization expense for intangibles was $17.2 million and $33.8 million for three and six months ended July 1, 2023, respectively. Aggregate amortization expense for intangibles was $15.4 million and $31.3 million for three and six months ended July 2, 2022, respectively.