XML 40 R30.htm IDEA: XBRL DOCUMENT v3.21.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jul. 03, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes to Goodwill
The following table presents changes to goodwill during the six months ended July 3, 2021 (in millions):
TotalCommercial SystemsIndustrial SystemsClimate SolutionsPower Transmission Solutions
Balance as of January 2, 2021$1,518.2 $433.3 $163.7 $330.8 $590.4 
Translation Adjustments(6.4)(1.5)(0.7)(0.2)(4.0)
Balance as of July 3, 2021$1,511.8 $431.8 $163.0 $330.6 $586.4 
Cumulative Goodwill Impairment Charges$295.7 $183.2 $72.1 $17.2 $23.2 
Schedule of Finite-Lived Intangible Assets
The following table presents intangible assets (in millions):
 July 3, 2021January 2, 2021
 Weighted Average Amortization Period (Years)Gross ValueAccumulated AmortizationGross ValueAccumulated Amortization
Amortizable Intangible Assets:
  Customer Relationships17$704.1 $366.1 $708.6 $349.4 
  Technology14145.9 110.0 146.3 108.0 
  Trademarks1437.0 28.4 37.7 27.7 
887.0 504.5 892.6 485.1 
Non-Amortizable Trade Name122.4 — 122.8 — 
$1,009.4 $504.5 $1,015.4 $485.1 
Intangible Assets, Net of Amortization$504.9 $530.3 
Schedule of Indefinite-Lived Intangible Assets
The following table presents intangible assets (in millions):
 July 3, 2021January 2, 2021
 Weighted Average Amortization Period (Years)Gross ValueAccumulated AmortizationGross ValueAccumulated Amortization
Amortizable Intangible Assets:
  Customer Relationships17$704.1 $366.1 $708.6 $349.4 
  Technology14145.9 110.0 146.3 108.0 
  Trademarks1437.0 28.4 37.7 27.7 
887.0 504.5 892.6 485.1 
Non-Amortizable Trade Name122.4 — 122.8 — 
$1,009.4 $504.5 $1,015.4 $485.1 
Intangible Assets, Net of Amortization$504.9 $530.3 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table presents future estimated annual amortization for intangible assets (in millions):
 YearEstimated Amortization
2022$41.5 
202341.5 
202440.9 
202538.8 
202635.3