GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 27, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes to Goodwill

The following table presents changes to goodwill during the six months ended June 27, 2020 (in millions):

	Total			Commercial Systems			Industrial Systems			Climate Solutions			Power Transmission Solutions
Balance as of December 28, 2019	$	1,501.3		$	426.6		$	170.8		$	331.2		$	572.7
Translation Adjustments	(3.0		)	(4.3		)	(0.1		)	(1.5		)	2.9
Balance as of June 27, 2020	$	1,498.3		$	422.3		$	170.7		$	329.7		$	575.6
Cumulative Goodwill Impairment Charges	$	285.2		$	183.2		$	61.6		$	17.2		$	23.2

Schedule of Finite-Lived Intangible Assets

The following table presents intangible assets (in millions):

		June 27, 2020				December 28, 2019
	Weighted Average Amortization Period (Years)	Gross Value		Accumulated Amortization		Gross Value		Accumulated Amortization
Amortizable Intangible Assets:
Customer Relationships	17	$	691.9	$	321.4	$	692.1	$	302.4
Technology	14	143.7		103.0		144.0		99.0
Trademarks	14	35.9		25.8		35.9		25.0
Patent and Engineering Drawings	5	16.6		16.6		16.6		16.6
		888.1		466.8		888.6		443.0
Non-Amortizable Trade Name		121.6		—		121.6		—
		$	1,009.7	$	466.8	$	1,010.2	$	443.0
Intangible Assets, Net of Amortization		$	542.9			$	567.2

Schedule of Indefinite-Lived Intangible Assets

The following table presents intangible assets (in millions):

		June 27, 2020				December 28, 2019
	Weighted Average Amortization Period (Years)	Gross Value		Accumulated Amortization		Gross Value		Accumulated Amortization
Amortizable Intangible Assets:
Customer Relationships	17	$	691.9	$	321.4	$	692.1	$	302.4
Technology	14	143.7		103.0		144.0		99.0
Trademarks	14	35.9		25.8		35.9		25.0
Patent and Engineering Drawings	5	16.6		16.6		16.6		16.6
		888.1		466.8		888.6		443.0
Non-Amortizable Trade Name		121.6		—		121.6		—
		$	1,009.7	$	466.8	$	1,010.2	$	443.0
Intangible Assets, Net of Amortization		$	542.9			$	567.2

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table presents future estimated annual amortization for intangible assets (in millions):

Year	Estimated Amortization
2021	$	42.6
2022	40.9
2023	40.8
2024	40.2
2025	38.2