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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Changes in Carrying Amount of Goodwill by Operating Segment
Goodwill as of September 30, 2020 and December 31, 2019 and changes in the carrying amount of goodwill by segment were as follows: 
(In millions)Specialty Engineered MaterialsColor, Additives and InksDistributionTotal
Balance at December 31, 2019$236.3 $447.8 $1.6 $685.7 
Acquisition of businesses— 570.1 — 570.1 
Currency translation0.1 24.1 — 24.2 
Balance at September 30, 2020$236.4 $1,042.0 $1.6 $1,280.0 
Schedule of Finite-Lived Intangible Assets
Indefinite and finite-lived intangible assets consisted of the following: 
 As of September 30, 2020
(In millions)Acquisition CostAccumulated AmortizationCurrency TranslationNet
Customer relationships$508.2 $(102.8)$10.4 $415.8 
Patents, technology and other549.9 (94.6)12.4 467.7 
Indefinite-lived trade names109.5 — 109.5 
Total$1,167.6 $(197.4)$22.8 $993.0 

 As of December 31, 2019
(In millions)Acquisition CostAccumulated AmortizationCurrency TranslationNet
Customer relationships$286.8 $(89.1)$(1.0)$196.7 
Patents, technology and other244.0 (79.6)(1.3)163.1 
Indefinite-lived trade names109.5 — — 109.5 
Total$640.3 $(168.7)$(2.3)$469.3 
Schedule of Indefinite-Lived Intangible Assets
Indefinite and finite-lived intangible assets consisted of the following: 
 As of September 30, 2020
(In millions)Acquisition CostAccumulated AmortizationCurrency TranslationNet
Customer relationships$508.2 $(102.8)$10.4 $415.8 
Patents, technology and other549.9 (94.6)12.4 467.7 
Indefinite-lived trade names109.5 — 109.5 
Total$1,167.6 $(197.4)$22.8 $993.0 

 As of December 31, 2019
(In millions)Acquisition CostAccumulated AmortizationCurrency TranslationNet
Customer relationships$286.8 $(89.1)$(1.0)$196.7 
Patents, technology and other244.0 (79.6)(1.3)163.1 
Indefinite-lived trade names109.5 — — 109.5 
Total$640.3 $(168.7)$(2.3)$469.3