GOODWILL AND OTHER INTANGIBLES RESULTING FROM BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Net Carrying Amount of Goodwill

Changes in the net carrying amount of goodwill for 2023 and 2022 by reportable segment are shown below:

(In millions)	Materials Group		Solutions Group		Total
Goodwill as of January 1, 2022	$	645.5	$	1,236.0	$	1,881.5
Acquisitions(1)	—		16.3		16.3
Acquisition adjustment(2)	—		(.5)		(.5)
Translation adjustments	(26.8)		(8.1)		(34.9)
Goodwill as of December 31, 2022	618.7		1,243.7		1,862.4
Acquisitions(3)	—		135.0		135.0
Translation adjustments	12.0		4.2		16.2
Goodwill as of December 30, 2023	$	630.7	$	1,382.9	$	2,013.6

(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 Vestcom acquisition.

(3)Goodwill acquired related to the 2023 Acquisitions. We expect substantially all of the recognized goodwill related to the 2023 Acquisitions not to be deductible for income tax purposes.

Schedule of the Amounts and Weighted Average Useful Lives of Finite-Lived Intangible Assets

The table below summarizes the amounts and weighted average useful lives of the intangible assets associated with the 2023 Acquisitions as of the acquisition date.

	Amount (in millions)		Weighted average amortization period (in years)
Customer relationships	$	68.8	11
Patented and other developed technology	22.2		7
Trade names and trademarks	3.0		6

Schedule of Finite-Lived Intangible Assets Resulting from Business Acquisitions

The table below sets forth our finite-lived intangible assets resulting from business acquisitions at December 30, 2023 and December 31, 2022, which continue to be amortized.

	2023						2022
(In millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	922.5	$	383.7	$	538.8	$	852.2	$	330.1	$	522.1
Patented and other developed technology	278.3		130.2		148.1		261.9		104.3		157.6
Trade names and trademarks	17.4		11.7		5.7		14.4		10.3		4.1
Other intangibles	3.2		2.0		1.2		3.2		1.4		1.8
Total	$	1,221.4	$	527.6	$	693.8	$	1,131.7	$	446.1	$	685.6

Schedule of Estimated Amortization Expense for Finite Lived Intangible Assets Resulting From Business Acquisitions

We expect estimated amortization expense for finite-lived intangible assets resulting from business acquisitions for each of the next five fiscal years and thereafter to be as follows:

(In millions)	Estimated Amortization Expense
2024	$	89.7
2025	88.9
2026	85.9
2027	85.4
2028	78.0
2029 and thereafter	265.9