GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Carrying Amount of Goodwill by Segment

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

(dollars in millions)	Electronics		Industrial & Specialty			Total
Balance at December 31, 2022	$	1,304.0	$	1,108.8	(1)	$	2,412.8
Transfer of Films business (2)	7.9		(7.9)			—
Goodwill impairment	—		(80.0)			(80.0)
Foreign currency translation and other	(43.2)		(8.1)			(51.3)
Balance at September 30, 2023	$	1,268.7	$	1,012.8		$	2,281.5

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

(2) Goodwill was reallocated using a relative fair value approach and assessed for impairment both before and after the allocation. See Note 1, Background and Basis of Presentation, to the unaudited Condensed Consolidated Financial Statements for further information.

Schedule of Major Components of Intangible Assets

The major components of intangible assets were as follows:

	September 30, 2023						December 31, 2022
(dollars in millions)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Customer relationships	$	952.2	$	(478.1)	$	474.1	$	967.5	$	(434.1)	$	533.4
Developed technology	398.8		(299.5)		99.3		408.9		(277.0)		131.9
Trade names	93.6		(28.5)		65.1		96.0		(23.8)		72.2
Reacquired distribution rights	187.0		(4.2)		182.8		—		—		—
Other	0.6		(0.3)		0.3		—		—		—
Indefinite-lived trade name	68.0		—		68.0		68.0		—		68.0
Total	$	1,700.2	$	(810.6)	$	889.6	$	1,540.4	$	(734.9)	$	805.5