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Goodwill & Intangibles (Tables)
3 Months Ended
Mar. 30, 2025
Goodwill & Intangibles  
Changes in the carrying amount of goodwill by geographic segment

Gross Balance

Accumulated Impairment Losses

Foreign Currency Translation

Net Goodwill

Acquired

January 1,

Balance

During

Balance

Balance

Impairment

Balance

2025 -

January 1,

the

March 30,

January 1,

Loss During

March 30,

March 30,

March 30,

    

2025

      

Period

     

2025

      

2025

      

the Period

      

2025

     

2025

      

2025

(in millions)

Americas

$

617.5

$

41.2

$

658.7

$

(24.5)

$

$

(24.5)

$

0.1

$

634.3

Europe

 

233.3

 

 

233.3

 

(129.7)

 

 

(129.7)

 

3.9

 

107.5

APMEA

 

31.3

 

 

31.3

 

(12.9)

 

 

(12.9)

 

0.3

 

18.7

Total

$

882.1

$

41.2

$

923.3

$

(167.1)

$

$

(167.1)

$

4.3

$

760.5

Schedule of Intangible assets

March 30, 2025

December 31, 2024

Gross

Net

Gross

Net

Carrying

Accumulated

Carrying

Carrying

Accumulated

Carrying

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

(in millions)

Patents

$

5.0

$

(5.0)

$

$

5.0

$

(5.0)

$

Customer relationships

 

270.1

 

(104.8)

 

165.3

 

251.9

 

(100.6)

 

151.3

Technology

 

53.2

 

(48.3)

 

4.9

 

53.2

 

(47.8)

 

5.4

Trade names

 

20.6

 

(13.2)

 

7.4

 

20.6

 

(13.0)

 

7.6

Other

 

1.1

 

(0.8)

 

0.3

 

1.1

 

(0.8)

 

0.3

Total amortizable intangibles

 

350.0

 

(172.1)

 

177.9

 

331.8

 

(167.2)

 

164.6

Indefinite-lived intangible assets

 

73.7

 

 

73.7

 

70.4

 

 

70.4

$

423.7

$

(172.1)

$

251.6

$

402.2

$

(167.2)

$

235.0