Goodwill and Other Identifiable Intangible Assets (Tables)

3 Months Ended

Mar. 29, 2014

Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by segment were as follows:

In millions	December 31, 2013		Acquisitions/ divestitures		Foreign currency  translation/other			March 29, 2014
Valves & Controls	$	1,511.6	$	—	$	—		$	1,511.6
Process Technologies	1,524.5		—		(0.9		)	1,523.6
Flow Technologies	940.1		—		(34.7		)	905.4
Technical Solutions	1,158.0		—		0.3			1,158.3
Total goodwill	$	5,134.2	$	—	$	(35.3	)	$	5,098.9

Detail of Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:

	March 29, 2014							December 31, 2013
In millions	Cost		Accumulated amortization			Net		Cost		Accumulated amortization			Net
Finite-life intangibles
Customer relationships	$	1,286.7	$	(267.8	)	$	1,018.9	$	1,286.8	$	(243.8	)	$	1,043.0
Trade names	2.1		(1.0		)	1.1		2.1		(0.9		)	1.2
Proprietary technology and patents	262.8		(83.6		)	179.2		264.6		(80.1		)	184.5
Backlog	2.6		(0.9		)	1.7		2.6		(1.2		)	1.4
Total finite-life intangibles	$	1,554.2	$	(353.3	)	$	1,200.9	$	1,556.1	$	(326.0	)	$	1,230.1
Indefinite-life intangibles
Trade names	546.8		—			546.8		546.0		—			546.0
Total intangibles, net	$	2,101.0	$	(353.3	)	$	1,747.7	$	2,102.1	$	(326.0	)	$	1,776.1

Estimated Future Amortization Expense for Identifiable Intangible Assets

Estimated future amortization expense for identifiable intangible assets during the remainder of 2014 and the next five years is as follows:

	Q2 - Q4
In millions	2014		2015		2016		2017		2018		2019
Estimated amortization expense	$	86.8	$	115.4	$	114.4	$	112.8	$	110.2	$	102.5