v3.25.2
Goodwill and Identifiable Intangible Assets (Tables)
 6 Months Ended
Jun. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Change in Net Carrying Amount of Goodwill by Segment The change in the net carrying amount of goodwill by segment was as follows:

 

(In millions)

 

Water

 

 

Outdoors

 

 

Security

 

 

Total
Goodwill

 

Goodwill at December 28, 2024(a)

 

$

1,211.2

 

 

$

651.1

 

 

$

129.7

 

 

$

1,992.0

 

Year-to-date foreign currency translation adjustments

 

 

15.7

 

 

 

-

 

 

 

0.7

 

 

 

16.4

 

Goodwill at June 28, 2025(a)

 

$

1,226.9

 

 

$

651.1

 

 

$

130.4

 

 

$

2,008.4

 

(a) Net of accumulated impairment losses of $399.5 million in the Outdoors segment.
Gross Carrying Value and Accumulated Amortization by Class of Identifiable Intangible Assets

The gross carrying value and accumulated amortization by class of identifiable intangible assets as of June 28, 2025 and December 28, 2024 were as follows:

(In millions)

 

As of June 28, 2025

 

 

As of December 28, 2024

 

 

 

Gross
Carrying
Amounts

 

 

Accumulated
Amortization

 

 

Net
Book
Value

 

 

Gross
Carrying
Amounts

 

 

Accumulated
Amortization

 

 

Net
Book
Value

 

Indefinite-lived tradenames

 

$

519.8

 

 

$

-

 

 

$

519.8

 

 

$

518.8

 

 

$

-

 

 

$

518.8

 

Amortizable intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

$

79.4

 

 

$

(15.7

)

 

$

63.7

 

 

$

76.1

 

 

$

(13.1

)

 

$

63.0

 

Customer and contractual relationships

 

 

1,025.4

 

 

 

(379.1

)

 

 

646.3

 

 

 

1,015.5

 

 

 

(346.2

)

 

 

669.3

 

Patents/proprietary technology

 

 

139.5

 

 

 

(99.0

)

 

 

40.5

 

 

 

138.9

 

 

 

(92.8

)

 

 

46.1

 

Total

 

 

1,244.3

 

 

 

(493.8

)

 

 

750.5

 

 

 

1,230.5

 

 

 

(452.1

)

 

 

778.4

 

Total intangible assets

 

$

1,764.1

 

 

$

(493.8

)

 

$

1,270.3

 

 

$

1,749.3

 

 

$

(452.1

)

 

$

1,297.2