GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 29, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following is a roll forward of our carrying value of goodwill by segment ($ in millions):

	Intelligent Operating Solutions		Precision Technologies		Advanced Healthcare Solutions		Total Goodwill
Balance, December 31, 2023	$	4,148.9	$	1,856.5	$	3,116.3	$	9,121.7
Measurement period adjustments for prior year acquisitions	(0.9)		—		—		(0.9)
Attributable to acquisitions	—		1,167.0		—		1,167.0
Foreign currency translation and other	(10.4)		(33.8)		(9.0)		(53.2)
Balance, March 29, 2024	$	4,137.6	$	2,989.7	$	3,107.3	$	10,234.6

Schedule of Finite Lived Intangible Assets

The following summarizes the gross carrying value and accumulated amortization for each major category of intangible asset ($ in millions):

	March 29, 2024				December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangibles:
Patents and technology	$	1,275.4	$	(720.0)	$	1,139.6	$	(687.1)
Customer relationships and other intangibles	4,038.6		(1,645.1)		3,568.0		(1,573.2)
Trademarks and trade names	174.7		(23.8)		117.7		(19.8)
Total finite-lived intangibles	5,488.7		(2,388.9)		4,825.3		(2,280.1)
Indefinite-lived intangibles:
Trademarks and trade names	612.9		—		614.6		—
Total intangibles	$	6,101.6	$	(2,388.9)	$	5,439.9	$	(2,280.1)

Schedule of Indefinite Lived Intangible Assets

The following summarizes the gross carrying value and accumulated amortization for each major category of intangible asset ($ in millions):

	March 29, 2024				December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangibles:
Patents and technology	$	1,275.4	$	(720.0)	$	1,139.6	$	(687.1)
Customer relationships and other intangibles	4,038.6		(1,645.1)		3,568.0		(1,573.2)
Trademarks and trade names	174.7		(23.8)		117.7		(19.8)
Total finite-lived intangibles	5,488.7		(2,388.9)		4,825.3		(2,280.1)
Indefinite-lived intangibles:
Trademarks and trade names	612.9		—		614.6		—
Total intangibles	$	6,101.6	$	(2,388.9)	$	5,439.9	$	(2,280.1)