Goodwill and Other Intangible Assets

12 Months Ended

Jan. 02, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

(7) Goodwill and other intangible assets

Goodwill

Changes in goodwill were as follows:


	Fiscal year ended January 2, 2022
	Americas			EMEA			Greater China		Other			Total
Balance at beginning of fiscal year	$	355.3		$	38.9		$	126.5	$	59.4		$	580.1
Foreign currency translation		(1.9	)		(1.1	)		1.8		(5.3	)		(6.5	)
Balance at end of fiscal year	$	353.4		$	37.8		$	128.3	$	54.1		$	573.6

Intangible assets, net

The following table summarizes the gross carrying amounts and accumulated amortization of identifiable intangible assets by major class:


January 2, 2022	Gross carrying amount		Accumulated amortization			Net book value		Estimated useful lives
Technology	$	968.3	$	(460.2	)	$	508.1	10-15 years
Customer relationships		610.3		(381.5	)		228.8	5-12 years
Corporate tradename		164.4		(61.7	)		102.7	20 years
Other (including milestone payments)		210.6		(171.0	)		39.6	4-14 years
	$	1,953.6	$	(1,074.4	)	$	879.2


January 3, 2021	Gross carrying amount		Accumulated amortization			Net book value		Estimated useful lives
Technology	$	970.3	$	(395.1	)	$	575.2	10-15 years
Customer relationships		618.3		(333.8	)		284.5	5-12 years
Corporate tradename		164.8		(53.5	)		111.3	20 years
Other (including milestone payments)		210.3		(164.6	)		45.7	4-14 years
	$	1,963.7	$	(947.0	)	$	1,016.7

During the fiscal years ended January 2, 2022, January 3, 2021 and December 29, 2019, amortization expense of intangible assets was $133.4 million, $131.9 million, and $131.7 million, respectively. The estimated amortization expense related to the fair value of acquired intangible assets for each of the succeeding five years is:


2022	$	132.7
2023		132.4
2024		130.1
2025		125.8
2026		101.8