GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Note 4 — GOODWILL AND INTANGIBLE ASSETS

Goodwill as of September 30, 2022 and December 31, 2021 and changes in the carrying amount of goodwill by segment were as follows:

(In millions)	Specialty Engineered Materials		Color, Additives and Inks		Total
Balance at December 31, 2021	$	236.3	$	1,048.5	$	1,284.8
Acquisition of businesses	277.1		—		277.1
Currency translation	(13.1)		(57.8)		(70.9)
Balance at September 30, 2022	$	500.3	$	990.7	$	1,491.0

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

	As of September 30, 2022
(In millions)	Acquisition Cost		Accumulated Amortization		Currency Translation		Net
Customer relationships	$	705.9	$	(156.0)	$	(25.4)	$	524.5
Patents, technology and other	841.8		(158.2)		(42.1)		641.5
Indefinite-lived trade names	368.0		—		(8.3)		359.7
Total	$	1,915.7	$	(314.2)	$	(75.8)	$	1,525.7

	As of December 31, 2021
(In millions)	Acquisition Cost		Accumulated Amortization		Currency Translation		Net
Customer relationships	$	507.2	$	(135.4)	$	6.0	$	377.8
Patents, technology and other	566.7		(134.3)		1.8		434.2
Indefinite-lived trade names	113.2		—		—		113.2
Total	$	1,187.1	$	(269.7)	$	7.8	$	925.2