Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Note 4 — GOODWILL AND INTANGIBLE ASSETS

Goodwill as of June 30, 2020 and December 31, 2019 and changes in the carrying amount of goodwill by segment were as follows: 

(In millions)	Specialty Engineered Materials		Color, Additives and Inks		Distribution		Total
Balance at December 31, 2019	$	236.3	$	447.8	$	1.6	$	685.7
Currency translation	(0.7)		0.2		—		(0.5)
Balance at June 30, 2020	$	235.6	$	448.0	$	1.6	$	685.2

Indefinite and finite-lived intangible assets consisted of the following: 

	As of June 30, 2020
(In millions)	Acquisition Cost		Accumulated Amortization		Currency Translation		Net
Customer relationships	$	286.8	$	(96.2)	$	(0.9)	$	189.7
Patents, technology and other	244.0		(87.0)		(1.3)		155.7
Indefinite-lived trade names	109.5		—		—		109.5
Total	$	640.3	$	(183.2)	$	(2.2)	$	454.9

	As of December 31, 2019
(In millions)	Acquisition Cost		Accumulated Amortization		Currency Translation		Net
Customer relationships	$	286.8	$	(89.1)	$	(1.0)	$	196.7
Patents, technology and other	244.0		(79.6)		(1.3)		163.1
Indefinite-lived trade names	109.5		—		—		109.5
Total	$	640.3	$	(168.7)	$	(2.3)	$	469.3