v3.26.1
Goodwill and Identifiable Intangible Assets (Tables)
 6 Months Ended
Jun. 27, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

The following table summarizes the changes in the carrying amount of goodwill:

 

(In millions)

 

Water

 

 

Outdoors

 

 

Security

 

 

Total
Goodwill

 

Goodwill at December 27, 2025(a)

 

$

1,224.9

 

 

$

651.1

 

 

$

130.4

 

 

$

2,006.4

 

Year-to-date foreign currency translation adjustments

 

 

(4.8

)

 

 

-

 

 

 

(0.5

)

 

 

(5.3

)

Goodwill at June 27, 2026(a)

 

$

1,220.1

 

 

$

651.1

 

 

$

129.9

 

 

$

2,001.1

 

(a) Net of accumulated impairment losses of $399.5 million in the Outdoors segment.
Summary of Intangible Assets

The following table summarizes intangible assets:

(In millions)

 

As of June 27, 2026

 

 

As of December 27, 2025

 

 

 

Gross
Carrying
Amounts

 

 

Accumulated
Amortization

 

 

Net
Book
Value

 

 

Gross
Carrying
Amounts

 

 

Accumulated
Amortization

 

 

Net
Book
Value

 

Indefinite-lived tradenames

 

$

511.7

 

 

$

-

 

 

$

511.7

 

 

$

519.8

 

 

$

-

 

 

$

519.8

 

Amortizable intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

$

75.9

 

 

$

(18.8

)

 

$

57.1

 

 

$

78.8

 

 

$

(17.8

)

 

$

61.0

 

Customer and contractual relationships

 

 

875.7

 

 

 

(360.9

)

 

 

514.8

 

 

 

1,024.0

 

 

 

(408.4

)

 

 

615.6

 

Patents/proprietary technology

 

 

128.3

 

 

 

(98.7

)

 

 

29.6

 

 

 

140.9

 

 

 

(105.6

)

 

 

35.3

 

Total

 

 

1,079.9

 

 

 

(478.4

)

 

 

601.5

 

 

 

1,243.7

 

 

 

(531.8

)

 

 

711.9

 

Total intangible assets

 

$

1,591.6

 

 

$

(478.4

)

 

$

1,113.2

 

 

$

1,763.5

 

 

$

(531.8

)

 

$

1,231.7