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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
The changes in the carrying amount of goodwill for the three months ended March 30, 2024 were as follows:
December 31,
2023
Goodwill
Resulting from
Business
Combinations (1)
Foreign
Currency
Translation
March 30,
2024
HVAC reportable segment   
Gross goodwill$777.8 $144.7 $(4.8)$917.7 
Accumulated impairments(331.9)— 2.1 (329.8)
Goodwill445.9 144.7 (2.7)587.9 
Detection and Measurement reportable segment    
Gross goodwill432.6 — (2.9)429.7 
Accumulated impairments(173.7)— 0.6 (173.1)
Goodwill258.9 — (2.3)256.6 
Total    
Gross goodwill1,210.4 144.7 (7.7)1,347.4 
Accumulated impairments(505.6)— 2.7 (502.9)
Goodwill$704.8 $144.7 $(5.0)$844.5 
___________________________
(1)Reflects (i) goodwill acquired with the Ingénia acquisition of $141.2 and (ii) an increase in ASPEQ and TAMCO goodwill of $3.4 and $0.1, respectively, 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 Ingénia, ASPEQ, and TAMCO 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 March 30, 2024 and December 31, 2023 comprised the following:
 March 30, 2024December 31, 2023
Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Value
Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Value
Intangible assets with determinable lives: (1)
      
Customer relationships$424.8 $(77.2)$347.6 $403.2 $(68.8)$334.4 
Technology185.2 (31.0)154.2 139.5 (27.8)111.7 
Patents4.5 (4.5)— 4.5 (4.5)— 
Other72.8 (34.5)38.3 45.4 (32.0)13.4 
 687.3 (147.2)540.1 592.6 (133.1)459.5 
Trademarks with indefinite lives220.5 — 220.5 221.3 — 221.3 
Total$907.8 $(147.2)$760.6 $813.9 $(133.1)$680.8 
___________________________
(1)The gross carrying value of identifiable intangible assets acquired with the Ingénia acquisition consist of technology of $46.7, customer relationships of $23.5, definite-lived trademarks of $13.9, and backlog of $13.8.