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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes to Goodwill
The following information presents changes to goodwill during the periods indicated (in millions):
 
Total
 
Commercial Systems
 
Industrial Systems
 
Climate Solutions
 
Power Transmission Solutions
Balance as of December 30, 2017
$
1,477.1

 
$
375.0

 
$
173.8

 
$
342.4

 
$
585.9

Acquisitions
58.7

 
58.7

 

 

 

Less: Impairment Charges
(9.5
)
 

 

 
(9.5
)
 

Less: Held for Sale
(1.3
)
 

 

 
(1.3
)
 

Translation Adjustments
(15.8
)
 
(6.3
)
 
(2.3
)
 
(1.0
)
 
(6.2
)
Balance as of December 29, 2018
$
1,509.2

 
$
427.4

 
$
171.5

 
$
330.6

 
$
579.7

 
 
 
 
 
 
 
 
 
 
Divestiture
(2.8
)
 

 

 

 
(2.8
)
Translation Adjustments
(5.1
)
 
(0.8
)
 
(0.7
)
 
0.6

 
(4.2
)
Balance as of December 28, 2019
$
1,501.3

 
$
426.6

 
$
170.8

 
$
331.2

 
$
572.7

Cumulative Goodwill Impairment Charges
$
285.2

 
$
183.2

 
$
61.6

 
$
17.2

 
$
23.2


Schedule of Gross Intangibles
Intangible assets consist of the following (in millions):
 
Weighted Average Amortization Period (Years)
 
December 29, 2018
 
Impairment Charges
 
Divestitures
 
Translation Adjustments
 
December 28, 2019
Customer Relationships
17
 
$
708.8

 
$
(4.9
)
 
$
(7.8
)
 
$
(4.0
)
 
$
692.1

Technology
14
 
144.5

 

 

 
(0.5
)
 
144.0

Trademarks
14
 
37.0

 

 
(0.7
)
 
(0.4
)
 
35.9

Patent and Engineering Drawings
5
 
16.6

 

 

 

 
16.6

 
 
 
906.9

 
(4.9
)
 
(8.5
)
 
(4.9
)
 
888.6

Non-Amortizable Trade Name
 
 
121.9

 

 

 
(0.3
)
 
121.6

Total Gross Intangibles
 
 
$
1,028.8

 
$
(4.9
)
 
$
(8.5
)
 
$
(5.2
)
 
$
1,010.2


Schedule of Accumulated Amortization
Accumulated amortization on intangible assets consists of the following:
 
 
December 29, 2018
 
Amortization
 
Divestitures
 
Translation Adjustments
 
December 28, 2019
Customer Relationships
 
$
272.4

 
$
39.4

 
$
(7.8
)
 
$
(1.6
)
 
$
302.4

Technology
 
90.1

 
9.2

 

 
(0.3
)
 
99.0

Trademarks
 
24.2

 
1.7

 
(0.7
)
 
(0.2
)
 
25.0

Patent and Engineering Drawings
 
16.6

 

 

 

 
16.6

Total Accumulated Amortization
 
$
403.3

 
$
50.3

 
$
(8.5
)
 
$
(2.1
)
 
$
443.0

Intangible Assets, Net of Amortization
 
$
625.5

 
 
 
 
 
 
 
$
567.2


Schedule of Estimated Amortization
The following table presents estimated future amortization expense (in millions):
 
 
 
Estimated Amortization
Year
 
 
2020
 
 
$
47.6

2021
 
 
42.7

2022
 
 
41.0

2023
 
 
40.9

2024
 
 
39.5