GOODWILL AND OTHER INTANGIBLE ASSETS, NET Goodwill The following table provides a rollforward of the carrying amount of goodwill by segment. | | | | | | | | | | | | | | | | | | | | | | | | | Motion
Technologies | | Industrial
Process | | Connect & Control
Technologies | | Total | Goodwill - December 31, 2024 | $ | 272.4 | | | $ | 593.3 | | | $ | 564.4 | | | $ | 1,430.1 | | Acquired | — | | | 4.2 | | | — | | | 4.2 | | | Adjustments to purchase price allocations | — | | | — | | | 2.8 | | | 2.8 | | | | | | | | | | | Foreign exchange translation | 9.0 | | | 55.4 | | | 2.5 | | | 66.9 | | Goodwill - June 28, 2025 | $ | 281.4 | | | $ | 652.9 | | | $ | 569.7 | | | $ | 1,504.0 | |
Other Intangible Assets, Net The following table summarizes our other intangible assets, net of accumulated amortization. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 28, 2025 | | December 31, 2024 | | As of the Period Ended | Gross
Carrying
Amount | | Accumulated Amortization | | Net Intangibles | | Gross
Carrying
Amount | | Accumulated Amortization | | Net Intangibles | | Customer relationships | $ | 398.9 | | | $ | (105.6) | | | $ | 293.3 | | | $ | 383.8 | | | $ | (92.6) | | | $ | 291.2 | | | Developed technology | 114.2 | | | (28.6) | | | 85.6 | | | 105.3 | | | (23.8) | | | 81.5 | | | Patents and other | 58.7 | | | (48.0) | | | 10.7 | | | 56.7 | | | (35.1) | | | 21.6 | | | Finite-lived intangible total | 571.8 | | | (182.2) | | | 389.6 | | | 545.8 | | | (151.5) | | | 394.3 | | | Indefinite-lived intangibles | 63.2 | | | — | | | 63.2 | | | 59.8 | | | — | | | 59.8 | | | Other intangible assets | $ | 635.0 | | | $ | (182.2) | | | $ | 452.8 | | | $ | 605.6 | | | $ | (151.5) | | | $ | 454.1 | |
The fair values of intangible assets acquired in connection with the purchase of kSARIA consist of the following: | | | | | | | | | | | | | | | | | | | | | | Useful life
(in years) | | Fair value | | Customer relationships | | | | 17 | | $ | 141.0 | | | | | | | | | | Trade name | | | | Indefinite | | 26.0 | | | Backlog | | | | 1.3 | | 17.0 | | Other(a) | | | | 3 - 7 | | 1.1 | | | Total intangible assets acquired | | | | | | $ | 185.1 | | | | | | | | |
(a)Other intangible assets for kSARIA reflect favorable lease intangibles. The following table summarizes our amortization expense related to finite-lived intangible assets. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 28,
2025 | | June 29,
2024 | | June 28,
2025 | | June 29,
2024 | | Amortization expense | $ | 11.6 | | | $ | 8.5 | | | $ | 25.6 | | | $ | 18.1 | |
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