GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)

6 Months Ended

Jul. 01, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Carrying Amount of Goodwill Table

The following table provides a rollforward of the carrying amount of goodwill by segment. 

	Motion Technologies		Industrial Process		Connect & Control Technologies		Total
Goodwill - December 31, 2022	$	287.7	$	398.7	$	278.4	$	964.8
Acquired	—		—		43.4		43.4
Allocated to divestiture of business(a)	—		—		(2.4)		(2.4)
Foreign exchange translation	2.7		0.5		0.3		3.5
Goodwill - July 1, 2023	$	290.4	$	399.2	$	319.7	$	1,009.3

Other Intangible Assets Table

Other Intangible Assets, Net 

The following table summarizes our other intangible assets, net of accumulated amortization. 

	July 1, 2023						December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Intangibles		Gross Carrying Amount		Accumulated Amortization		Net Intangibles
Customer relationships	$	215.5	$	(134.6)	$	80.9	$	191.5	$	(127.1)	$	64.4
Proprietary technology	64.2		(33.1)		31.1		59.2		(30.8)		28.4
Patents and other	20.8		(17.1)		3.7		17.6		(16.6)		1.0
Finite-lived intangible total	300.5		(184.8)		115.7		268.3		(174.5)		93.8
Indefinite-lived intangibles	20.5		—		20.5		19.0		—		19.0
Other intangible assets	$	321.0	$	(184.8)	$	136.2	$	287.3	$	(174.5)	$	112.8

Finite-Lived Intangible Assets Amortization Expense

The following table summarizes our amortization expense related to finite-lived intangible assets.

	Three Months Ended				Six Months Ended
	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Amortization expense	$	5.1	$	5.8	$	9.8	$	10.0