GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

3 Months Ended

Mar. 31, 2024

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, 2023	$	1,298.7	$	1,038.0	(1)	$	2,336.7
Foreign currency translation and other	(21.0)		(13.4)			(34.4)
Balance at March 31, 2024	$	1,277.7	$	1,024.6		$	2,302.3

(1) Includes accumulated impairment losses of $127 million.

Schedule of Major Components of Intangible Assets

The major components of intangible assets, net were as follows:

	March 31, 2024						December 31, 2023
(dollars in millions)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Customer relationships	$	960.9	$	(511.9)	$	449.0	$	978.4	$	(505.9)	$	472.5
Developed technology	297.2		(213.0)		84.2		410.0		(316.2)		93.8
Trade names	94.5		(32.3)		62.2		95.9		(30.9)		65.0
Reacquired distribution rights	187.0		(10.4)		176.6		187.0		(7.3)		179.7
Other	—		—		—		0.8		(0.5)		0.3
Indefinite-lived trade name	68.0		—		68.0		68.0		—		68.0
Total	$	1,607.6	$	(767.6)	$	840.0	$	1,740.1	$	(860.8)	$	879.3