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Goodwill and Intangible Assets
12 Months Ended
Jan. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The excess of purchase price over estimated fair value of net assets acquired is assigned to goodwill.
The following information presents changes to goodwill during the periods indicated (in millions):
TotalCommercial Systems Industrial Systems Climate SolutionsPower Transmission Solutions
Balance as of December 29, 2018$1,509.2 $427.4 $171.5 $330.6 $579.7 
Divestiture(2.8)— — — (2.8)
Translation and Other(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 
Impairment Charge(10.5)— (10.5)— — 
Translation and Other27.4 6.7 3.4 (0.4)17.7 
Balance as of January 2, 2021$1,518.2 $433.3 $163.7 $330.8 $590.4 
Cumulative Goodwill Impairment Charges$295.7 $183.2 $72.1 $17.2 $23.2 
Intangible Assets
Intangible assets consist of the following (in millions):
Weighted Average Amortization Period (Years)December 28, 2019Translation AdjustmentsJanuary 2, 2021
Customer Relationships17$692.1 $16.5 $708.6 
Technology14144.0 2.3 146.3 
Trademarks1435.9 1.8 37.7 
Patent and Engineering Drawings516.6 — 16.6 
888.6 20.6 909.2 
Non-Amortizable Trade Name121.6 1.2 122.8 
Total Gross Intangibles$1,010.2 $21.8 $1,032.0 
Accumulated amortization of intangible assets consists of the following:
December 28, 2019AmortizationTranslation AdjustmentsJanuary 2, 2021
Customer Relationships$302.4 $38.6 $8.4 $349.4 
Technology99.0 7.1 1.9 108.0 
Trademarks25.0 1.6 1.1 27.7 
Patent and Engineering Drawings16.6 — — 16.6 
Total Accumulated Amortization$443.0 $47.3 $11.4 $501.7 
Intangible Assets, Net of Amortization$567.2 $530.3 

While the Company believes its customer relationships are long-term in nature, the Company's contractual customer relationships are generally short-term. Useful lives are established at acquisition based on historical attrition rates.
Amortization expense was $47.3 million in fiscal 2020, $50.3 million in fiscal 2019 and $54.9 million in fiscal 2018. Amortization expense does not include any impairment recognized during the respective periods. The Company recognized $4.9 million of customer relationships intangible asset impairment related to the transfer of assets to held for sale during the first quarter of 2019.

The following table presents estimated future amortization expense (in millions):
Estimated Amortization
Year
2021$43.6 
202241.8 
202341.7 
202441.1 
202539.0