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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Oct. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
The changes in the carrying amount of goodwill for the nine months ended October 1, 2022 were as follows:
December 31,
2021
Goodwill
Resulting from
Business
Combinations (1)
Impairments Foreign
Currency
Translation
October 1,
2022
HVAC reportable segment    
Gross goodwill$528.9 $0.1 $— $(18.6)$510.4 
Accumulated impairments(334.1)— — 13.1 (321.0)
Goodwill194.8 0.1 — (5.5)189.4 
Detection and Measurement reportable segment     
Gross goodwill424.9 10.9 — (20.0)415.8 
Accumulated impairments(162.4)— — 5.8 (156.6)
Goodwill262.5 10.9 — (14.2)259.2 
Total     
Gross goodwill953.8 11.0 — (38.6)926.2 
Accumulated impairments(496.5)— — 18.9 (477.6)
Goodwill$457.3 $11.0 $— $(19.7)$448.6 
___________________________
(1)Reflects (i) goodwill acquired with the ITL acquisition of $10.7, (ii) an increase in Sealite's goodwill of $0.2 resulting from revisions to the valuation of certain assets and liabilities, and (iii) an increase in Cincinnati Fan's goodwill of $0.1 resulting from revisions to the valuation of certain assets and liabilities. As indicated in Note 1, the acquired assets, including goodwill, and liabilities assumed in the Cincinnati Fan and ITL acquisitions have been recorded at estimates of fair value and are subject to change upon completion of acquisition accounting.
Schedule of Identifiable Intangible Assets
Identifiable intangible assets at October 1, 2022 and December 31, 2021 comprised the following:
 October 1, 2022December 31, 2021
Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Value
Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Value
Intangible assets with determinable lives: (1)
      
Customer relationships$196.1 $(37.3)$158.8 $188.2 $(26.7)$161.5 
Technology80.2 (16.5)63.7 80.1 (11.9)68.2 
Patents4.5 (4.5)— 4.5 (4.5)— 
Other36.4 (23.4)13.0 31.6 (18.0)13.6 
 317.2 (81.7)235.5 304.4 (61.1)243.3 
Trademarks with indefinite lives168.2 — 168.2 172.2 — 172.2 
Total$485.4 $(81.7)$403.7 $476.6 $(61.1)$415.5 
___________________________
(1) The identifiable intangible assets associated with the ITL acquisition consist of customer relationships of $14.0, definite-lived trademarks of $3.0, technology of $2.9, and non-compete agreements of $2.6.