Goodwill and Intangible Assets (Tables)

12 Months Ended

Jan. 02, 2021

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 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 Other	27.4		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

Schedule of Gross Intangibles

Intangible assets consist of the following (in millions):

	Weighted Average Amortization Period (Years)	December 28, 2019		Translation Adjustments		January 2, 2021
Customer Relationships	17	$	692.1	$	16.5	$	708.6
Technology	14	144.0		2.3		146.3
Trademarks	14	35.9		1.8		37.7
Patent and Engineering Drawings	5	16.6		—		16.6
		888.6		20.6		909.2
Non-Amortizable Trade Name		121.6		1.2		122.8
Total Gross Intangibles		$	1,010.2	$	21.8	$	1,032.0

Schedule of Accumulated Amortization

Accumulated amortization of intangible assets consists of the following:

	December 28, 2019		Amortization		Translation Adjustments		January 2, 2021
Customer Relationships	$	302.4	$	38.6	$	8.4	$	349.4
Technology	99.0		7.1		1.9		108.0
Trademarks	25.0		1.6		1.1		27.7
Patent and Engineering Drawings	16.6		—		—		16.6
Total Accumulated Amortization	$	443.0	$	47.3	$	11.4	$	501.7
Intangible Assets, Net of Amortization	$	567.2					$	530.3

Schedule of Estimated Amortization

The following table presents estimated future amortization expense (in millions):

	Estimated Amortization
Year
2021	$	43.6
2022	41.8
2023	41.7
2024	41.1
2025	39.0