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Goodwill and Other Identifiable Intangible Assets (Tables)
 9 Months Ended
Sep. 26, 2015
Carrying Amount of Goodwill by Segment
The changes in the carrying amount of goodwill by segment were as follows:
In millions
December 31,
2014
Acquisitions/
divestitures 
Foreign currency 
translation/other 
September 26,
2015
Valves & Controls
$
1,511.6

$
—

$
—

$
1,511.6

Flow & Filtration Solutions
942.4

—

(51.8
)
890.6

Water Quality Systems
1,137.6

—

(14.7
)
1,122.9

Technical Solutions
1,150.3

1,160.9

(8.9
)
2,302.3

Total goodwill
$
4,741.9

$
1,160.9

$
(75.4
)
$
5,827.4
Detail of Identifiable Intangible Assets
Identifiable intangible assets consisted of the following:
 
September 26,
2015
 
December 31,
2014
In millions
Cost
Accumulated
amortization
Net
 
Cost
Accumulated
amortization
Net
Finite-life intangibles



 



Customer relationships
$
1,976.4

$
(384.3
)
$
1,592.1

 
$
1,247.8

$
(325.2
)
$
922.6

Trade names
1.8

(1.2
)
0.6

 
2.0

(1.1
)
0.9

Proprietary technology and patents
250.3

(109.5
)
140.8

 
255.7

(96.7
)
159.0

Total finite-life intangibles
$
2,228.5

$
(495.0
)
$
1,733.5

 
$
1,505.5

$
(423.0
)
$
1,082.5

Indefinite-life intangibles



 



Trade names
782.1

—

782.1

 
525.6

—

525.6

Total intangibles, net
$
3,010.6

$
(495.0
)
$
2,515.6

 
$
2,031.1

$
(423.0
)
$
1,608.1
Estimated Future Amortization Expense for Identifiable Intangible Assets
Estimated future amortization expense for identifiable intangible assets during the remainder of 2015 and the next five years is as follows:
 
Q4
 
 
 
 
 
In millions
2015
2016
2017
2018
2019
2020
Estimated amortization expense
$
39.4

$
157.4

$
155.9

$
153.5

$
146.7

$
141.6