Goodwill and Intangible Assets

6 Months Ended

Jun. 29, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The components of goodwill and other intangible assets are as follows:

Goodwill:

(In millions)	Global Ceramic		Flooring NA	Flooring ROW	Total
Balance as of December 31, 2023 (1)	$	—	372.3	787.4	1,159.7
Currency translation	—		—	(23.0)	(23.0)
Balance as of June 29, 2024	$	—	372.3	764.4	1,136.7

(1) Net of accumulated impairment losses of $2,886.7 ($1,644.7 in Global Ceramic, $557.9 in Flooring NA and $684.1 in Flooring ROW).

Intangible assets not subject to amortization:    

(In millions)	Tradenames
Balance as of December 31, 2023	$	705.7
Currency translation during the period	(16.2)
Balance as of June 29, 2024	$	689.5

Intangible assets subject to amortization:

(In millions)	Customer Relationships		Patents	Other	Total
Balance as of December 31, 2023
Gross carrying amount	$	691.5	249.7	8.7	949.9
Accumulated amortization	(531.0)		(247.2)	(2.1)	(780.3)
Net intangible assets subject to amortization	160.5		2.5	6.6	169.6
Balance as of June 29, 2024
Gross carrying amount	677.4		242.4	8.6	928.4
Accumulated amortization	(534.0)		(240.2)	(2.3)	(776.5)
Net intangible assets subject to amortization	$	143.4	2.2	6.3	151.9

	Three Months Ended			Six Months Ended
(In millions)	June 29, 2024		July 1, 2023	June 29, 2024	July 1, 2023
Amortization expense	$	7.0	7.1	13.7	14.2