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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 28, 2015
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 28,

 

 

 

2014

 

Combinations

 

Impairments

 

and Other

 

2015

 

Flow Technology reportable segment

 

 

 

 

 

 

 

 

 

 

 

Gross goodwill

 

$

1,036.5

 

$

 

$

 

$

(47.0

)

$

989.5

 

Accumulated impairments

 

 

 

 

 

 

Goodwill

 

1,036.5

 

 

 

(47.0

)

989.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Thermal Equipment and Services reportable segment

 

 

 

 

 

 

 

 

 

 

 

Gross goodwill

 

553.3

 

 

 

(16.4

)

536.9

 

Accumulated impairments

 

(391.4

)

 

 

9.5

 

(381.9

)

Goodwill

 

161.9

 

 

 

(6.9

)

155.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial Products and Services and Other

 

 

 

 

 

 

 

 

 

 

 

Gross goodwill

 

396.1

 

 

 

(1.5

)

394.6

 

Accumulated impairments

 

(139.1

)

 

 

1.0

 

(138.1

)

Goodwill

 

257.0

 

 

 

(0.5

)

256.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Gross goodwill

 

1,985.9

 

 

 

(64.9

)

1,921.0

 

Accumulated impairments

 

(530.5

)

 

 

10.5

 

(520.0

)

Goodwill

 

$

1,455.4

 

$

 

$

 

$

(54.4

)

$

1,401.0

 

 

Schedule of identifiable intangible assets

 

 

 

March 28, 2015

 

December 31, 2014

 

 

 

Gross

 

 

 

Net

 

Gross

 

 

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Value

 

Amortization

 

Value

 

Value

 

Amortization

 

Value

 

Intangible assets with determinable lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

371.8

 

$

(91.9

)

$

279.9

 

$

388.6

 

$

(91.7

)

$

296.9

 

Technology

 

172.8

 

(58.6

)

114.2

 

183.8

 

(59.8

)

124.0

 

Patents

 

11.3

 

(8.8

)

2.5

 

11.3

 

(8.8

)

2.5

 

Other

 

27.9

 

(18.3

)

9.6

 

28.7

 

(18.3

)

10.4

 

 

 

583.8

 

(177.6

)

406.2

 

612.4

 

(178.6

)

433.8

 

Trademarks with indefinite lives

 

384.8

 

 

384.8

 

397.2

 

 

397.2

 

Total

 

$

968.6

 

$

(177.6

)

$

791.0

 

$

1,009.6

 

$

(178.6

)

$

831.0