GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 9 Months Ended
Oct. 01, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying amount of goodwill, by reportable segment
The changes in the carrying amount of goodwill by reportable segment for the nine months ended October 1, 2016 were as follows:
 
December 31, 2015
 
Goodwill Resulting from Business Combinations
 
Impairments
 
Foreign Currency Translation and Other(1)
 
October 1, 2016
Food and Beverage
$
269.9

 
$
—

 
$
—

 
$
0.5

 
$
270.4

Power and Energy(2)
538.9

 
—

 
(252.8
)
 
(20.0
)
 
266.1

Industrial(3)
214.6

 
—

 
—

 
8.8

 
223.4

Total
$
1,023.4

 
$
—

 
$
(252.8
)
 
$
(10.7
)
 
$
759.9


(1)
In connection with our recasting of historical reportable segment results in January 2016, as discussed further in Note 3, we performed a re-allocation of reportable segment goodwill during the first quarter of 2016. This re-allocation resulted in the following changes in goodwill compared to amounts previously reported at December 31, 2015 by reportable segment: Food and Beverage goodwill reduction of $5.6, Power and Energy goodwill reduction of $4.0, and Industrial goodwill increase of $9.6.
(2)
The carrying amount of goodwill included $250.4 and $0.0 of accumulated impairments as of October 1, 2016 and December 31, 2015, respectively.
(3)
The carrying amount of goodwill included $67.7 of accumulated impairments as of October 1, 2016 and December 31, 2015.
Schedule of finite-lived intangible assets
Identifiable intangible assets were as follows:
 
October 1, 2016
 
December 31, 2015
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
Intangible assets with determinable lives:
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
$
219.8

 
$
(103.8
)
 
$
116.0

 
$
344.0

 
$
(94.1
)
 
$
249.9

Technology
95.6

 
(42.3
)
 
53.3

 
122.1

 
(38.0
)
 
84.1

Patents
6.7

 
(5.0
)
 
1.7

 
6.7

 
(4.6
)
 
2.1

Other
12.8

 
(10.3
)
 
2.5

 
13.0

 
(10.3
)
 
2.7

 
334.9

 
(161.4
)
 
173.5

 
485.8

 
(147.0
)
 
338.8

Trademarks with indefinite lives
205.8

 
—

 
205.8

 
240.6

 
—

 
240.6

Total
$
540.7

 
$
(161.4
)
 
$
379.3

 
$
726.4

 
$
(147.0
)
 
$
579.4
Schedule of indefinite-lived intangible assets
Identifiable intangible assets were as follows:
 
October 1, 2016
 
December 31, 2015
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
Intangible assets with determinable lives:
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
$
219.8

 
$
(103.8
)
 
$
116.0

 
$
344.0

 
$
(94.1
)
 
$
249.9

Technology
95.6

 
(42.3
)
 
53.3

 
122.1

 
(38.0
)
 
84.1

Patents
6.7

 
(5.0
)
 
1.7

 
6.7

 
(4.6
)
 
2.1

Other
12.8

 
(10.3
)
 
2.5

 
13.0

 
(10.3
)
 
2.7

 
334.9

 
(161.4
)
 
173.5

 
485.8

 
(147.0
)
 
338.8

Trademarks with indefinite lives
205.8

 
—

 
205.8

 
240.6

 
—

 
240.6

Total
$
540.7

 
$
(161.4
)
 
$
379.3

 
$
726.4

 
$
(147.0
)
 
$
579.4