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Goodwill and Other Identifiable Intangible Assets (Tables)
 6 Months Ended
Jun. 28, 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 
June 28, 2014
Valves & Controls
$
1,511.6

$
—

$
—

$
1,511.6

Process Technologies
1,524.5

—

(6.0
)
1,518.5

Flow Technologies
940.1

—

(30.9
)
909.2

Technical Solutions
1,158.0

—

(0.2
)
1,157.8

Total goodwill
$
5,134.2

$
—

$
(37.1
)
$
5,097.1
Detail of Identifiable Intangible Assets
Identifiable intangible assets consisted of the following:
 
June 28, 2014
 
December 31, 2013
In millions
Cost
Accumulated
amortization
Net
 
Cost
Accumulated
amortization
Net
Finite-life intangibles



 



Customer relationships
$
1,286.5

$
(290.4
)
$
996.1

 
$
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
262.5

(89.2
)
173.3

 
264.6

(80.1
)
184.5

Backlog
2.6

(0.9
)
1.7

 
2.6

(1.2
)
1.4

Total finite-life intangibles
$
1,553.7

$
(381.5
)
$
1,172.2

 
$
1,556.1

$
(326.0
)
$
1,230.1

Indefinite-life intangibles



 



Trade names
546.1

—

546.1

 
546.0

—

546.0

Total intangibles, net
$
2,099.8

$
(381.5
)
$
1,718.3

 
$
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:
 
Q3 - Q4
 
 
 
 
 
In millions
2014
2015
2016
2017
2018
2019
Estimated amortization expense
$
57.8

$
115.4

$
114.4

$
112.8

$
110.2

$
102.6