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GOODWILL AND OTHER INTANGIBLE ASSETS, NET
6 Months Ended
Jul. 03, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET
GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
The following table provides a rollforward of the carrying amount of goodwill for the six months ended July 3, 2021 by segment. 
Motion
Technologies
Industrial
Process
Connect & Control
Technologies
Total
Goodwill - December 31, 2020
$298.1 $365.4 $281.3 $944.8 
Foreign exchange translation(2.4)(5.4)(0.7)(8.5)
Goodwill - July 3, 2021
$295.7 $360.0 $280.6 $936.3 
Other Intangible Assets, Net 
Information regarding our other intangible assets is as follows:
July 3, 2021December 31, 2020
Gross
Carrying
Amount
Accumulated AmortizationNet IntangiblesGross
Carrying
Amount
Accumulated AmortizationNet Intangibles
Customer relationships$162.9 $(107.9)$55.0 $163.3 $(101.7)$61.6 
Proprietary technology46.4 (25.2)21.2 46.7 (23.4)23.3 
Patents and other16.2 (13.2)3.0 16.2 (11.5)4.7 
Finite-lived intangible total225.5 (146.3)79.2 226.2 (136.6)89.6 
Indefinite-lived intangibles16.6  16.6 16.8 — 16.8 
Other intangible assets$242.1 $(146.3)$95.8 $243.0 $(136.6)$106.4 
As a result of the global COVID-19 pandemic combined with a decline in the upstream oil and gas market, during the first quarter of 2020, we determined that certain intangible assets within the IP segment including an indefinite-lived trademark, customer relationships and proprietary technology, would not be recoverable resulting in an impairment of $12.3. Significant additional adverse changes to the economic environment or future cash flows of our businesses could cause us to record additional impairment charges in future periods, which may be material.
Amortization expense related to finite-lived intangible assets was $4.9 and $4.2, and $10.0 and $9.0 for the three and six months ended July 3, 2021 and June 27, 2020, respectively.