Goodwill and Other Identifiable Intangible Assets (Tables)

9 Months Ended

Sep. 27, 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			September 27, 2014
Valves & Controls	$	1,511.6	$	—	$	—		$	1,511.6
Process Technologies	1,524.5		—		(45.4		)	1,479.1
Flow Technologies	666.6		—		(18.3		)	648.3
Technical Solutions	1,158.0		—		(4.4		)	1,153.6
Total goodwill	$	4,860.7	$	—	$	(68.1	)	$	4,792.6

Detail of Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:

	September 27, 2014							December 31, 2013
In millions	Cost		Accumulated amortization			Net		Cost		Accumulated amortization			Net
Finite-life intangibles
Customer relationships	$	1,259.5	$	(306.7	)	$	952.8	$	1,271.2	$	(243.1	)	$	1,028.1
Trade names	2.1		(1.1		)	1.0		2.1		(0.9		)	1.2
Proprietary technology and patents	257.3		(92.8		)	164.5		263.7		(80.0		)	183.7
Total finite-life intangibles	$	1,518.9	$	(400.6	)	$	1,118.3	$	1,537.0	$	(324.0	)	$	1,213.0
Indefinite-life intangibles
Trade names	530.3		—			530.3		536.9		—			536.9
Total intangibles, net	$	2,049.2	$	(400.6	)	$	1,648.6	$	2,073.9	$	(324.0	)	$	1,749.9

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:

	Q4
In millions	2014		2015		2016		2017		2018		2019
Estimated amortization expense	$	28.2	$	112.6	$	111.7	$	110.0	$	107.6	$	100.2