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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 30, 2013
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of changes in the carrying amount of goodwill, by reportable segment and other operating segments

 

 

 

 

 

 

Goodwill

 

 

 

Foreign

 

 

 

 

 

 

 

resulting from

 

 

 

Currency

 

 

 

 

 

December 31,

 

business

 

 

 

Translation

 

March 30,

 

 

 

2012

 

combinations

 

Impairments

 

and other

 

2013

 

Flow Technology reportable segment

 

 

 

 

 

 

 

 

 

 

 

Gross goodwill

 

$

1,114.6

 

$

 

$

 

$

(24.2

)

$

1,090.4

 

Accumulated impairments

 

 

 

 

 

 

Goodwill

 

1,114.6

 

 

 

(24.2

)

1,090.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Thermal Equipment and Services reportable segment

 

 

 

 

 

 

 

 

 

 

 

Gross goodwill

 

563.7

 

 

 

(6.4

)

557.3

 

Accumulated impairments

 

(395.7

)

 

 

1.9

 

(393.8

)

Goodwill

 

168.0

 

 

 

(4.5

)

163.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial Products and Services and Other

 

 

 

 

 

 

 

 

 

 

 

Gross goodwill

 

453.0

 

 

 

(3.8

)

449.2

 

Accumulated impairments

 

(161.6

)

 

 

2.9

 

(158.7

)

Goodwill

 

291.4

 

 

 

(0.9

)

290.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Gross goodwill

 

2,131.3

 

 

 

(34.4

)

2,096.9

 

Accumulated impairments

 

(557.3

)

 

 

4.8

 

(552.5

)

Goodwill

 

$

1,574.0

 

$

 

$

 

$

(29.6

)

$

1,544.4

 

Schedule of identifiable intangible assets

 

 

 

 

March 30, 2013

 

December 31, 2012

 

 

 

Gross

 

 

 

Net

 

Gross

 

 

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Value

 

Amortization

 

Value

 

Value

 

Amortization

 

Value

 

Intangible assets with determinable lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

 

$

8.5

 

$

(8.1

)

$

0.4

 

$

8.6

 

$

(8.0

)

$

0.6

 

Technology

 

186.9

 

(43.4

)

143.5

 

190.5

 

(41.7

)

148.8

 

Customer relationships

 

401.3

 

(66.9

)

334.4

 

420.6

 

(63.6

)

357.0

 

Other

 

28.4

 

(16.4

)

12.0

 

33.4

 

(18.0

)

15.4

 

 

 

625.1

 

(134.8

)

490.3

 

653.1

 

(131.3

)

521.8

 

Trademarks with indefinite lives

 

427.5

 

 

427.5

 

440.6

 

 

440.6

 

Total

 

$

1,052.6

 

$

(134.8

)

$

917.8

 

$

1,093.7

 

$

(131.3

)

$

962.4