Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying amount of goodwill by segment

The changes in the carrying amount of goodwill were as follows:


(dollars in millions)	Electronics		Industrial & Specialty			Total
Balance at December 31, 2019	$	1,223.4	$	956.2	(1)	$	2,179.6
Purchase accounting adjustments ⁽²⁾	(1.7)		—			(1.7)
Foreign currency translation	(12.6)		(31.4)			(44.0)
Balance at June 30, 2020	$	1,209.1	$	924.8		$	2,133.9

(1) Includes accumulated impairment losses of $46.6 million.

(2) During the second quarter of 2020, the Company recorded a step-up of fixed assets of $1.4 million for the Kester Acquisition. The impact of this acquisition on the Company's results of operations was not material.

Schedule of finite-lived intangible assets subject to amortization

Intangible assets subject to amortization were as follows:


	June 30, 2020										December 31, 2019
(dollars in millions)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Customer lists	$	936.4	$	(378.3)	$	558.1	$	959.1	$	(351.4)	$	607.7
Developed technology	373.7		(210.3)		163.4		380.5		(194.8)		185.7
Tradenames	86.8		(7.7)		79.1		51.5		(4.9)		46.6
Non-compete agreements	—		—		—		1.6		(1.6)		—
Total	$	1,396.9	$	(596.3)	$	800.6	$	1,392.7	$	(552.7)	$	840.0