GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 28, 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	(1.1)		—		—		(1.1)
Attributable to acquisitions	—		1,172.6		—		1,172.6
Foreign currency translation and other	(12.7)		(49.0)		(15.0)		(76.7)
Balance, June 28, 2024	$	4,135.1	$	2,980.1	$	3,101.3	$	10,216.5

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):

	June 28, 2024				December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangibles:
Patents and technology	$	1,276.5	$	(753.3)	$	1,139.6	$	(687.1)
Customer relationships and other intangibles	4,026.6		(1,715.4)		3,568.0		(1,573.2)
Trademarks and trade names	174.5		(27.4)		117.7		(19.8)
Total finite-lived intangibles	5,477.6		(2,496.1)		4,825.3		(2,280.1)
Indefinite-lived intangibles:
Trademarks and trade names	609.6		—		614.6		—
Total intangibles	$	6,087.2	$	(2,496.1)	$	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):

	June 28, 2024				December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangibles:
Patents and technology	$	1,276.5	$	(753.3)	$	1,139.6	$	(687.1)
Customer relationships and other intangibles	4,026.6		(1,715.4)		3,568.0		(1,573.2)
Trademarks and trade names	174.5		(27.4)		117.7		(19.8)
Total finite-lived intangibles	5,477.6		(2,496.1)		4,825.3		(2,280.1)
Indefinite-lived intangibles:
Trademarks and trade names	609.6		—		614.6		—
Total intangibles	$	6,087.2	$	(2,496.1)	$	5,439.9	$	(2,280.1)