XML 35 R20.htm IDEA: XBRL DOCUMENT v3.22.1
Goodwill and Other Intangibles Resulting from Business Acquisitions (Tables)
 3 Months Ended
Apr. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in net carrying amount of goodwill
Changes in the net carrying amount of goodwill for the three months ended April 2, 2022 by reportable segment are shown below.
(In millions)
Label and
Graphic
Materials
Retail Branding
and Information
Solutions
Industrial and
Healthcare
Materials
Total
Goodwill as of January 1, 2022
$456.4 $1,236.0 $189.1 $1,881.5 
Acquisitions(1)
— 16.3 — 16.3 
Acquisition adjustment(2)
— (.7)— (.7)
Translation adjustments(3.4)(2.9)(.8)(7.1)
Goodwill as of April 2, 2022
$453.0 $1,248.7 $188.3 $1,890.0 
(1)Goodwill acquired related to the 2022 Acquisitions. We expect the recognized goodwill related to the 2022 Acquisitions not to be deductible for income tax purposes.
(2)Measurement period adjustment related to the finalization of the purchase price allocation for the acquisition of CB Velocity Holdings, LLC completed in August 2021.
Estimated amortization expense for finite-lived intangible assets
Estimated future amortization expense related to existing finite-lived intangible assets for the remainder of fiscal year 2022 and for each of the next four fiscal years is shown below. These amounts include the effects of the 2022 Acquisitions and updated amounts from year-end 2021.
Estimated
Amortization
Expense
2022 (remainder of year)$62.2 
202381.9 
202480.2 
202579.3 
202676.3