GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2020

GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill

					Global
	Global		Global		Healthcare and		Global
(millions)	Industrial		Institutional		Life Sciences		Energy		Other		Total
December 31, 2019		$2,799.2		$1,147.7		$-		$1,417.9		$204.3		$5,569.1
Segment changes (a)		1,124.6		(599.4)		859.3		(1,417.9)		33.4		-
December 31, 2019 revised		3,923.8		548.3		859.3		-		237.7		5,569.1
Current year business combinations (b)		272.7		-		-		-		-		272.7
Prior year business combinations (c)		-		-		0.3		-		-		0.3
Dispositions		(47.6)		-		-		-		-		(47.6)
Effect of foreign currency translation		(32.4)		(0.4)		(1.2)		-		(0.6)		(34.6)
June 30, 2020		$4,116.5		$547.9		$858.4		$-		$237.1		$5,759.9

(a) Relates to reclassifications made to reportable segments in the current year. The ChampionX business was previously recorded in the Global Energy reportable segment and has been reported in discontinued operations. The Downstream operating segment, which was previously included in the Global Energy reportable segment has been aggregated into the Global Industrial reportable segment. In addition, the Company established the Global Healthcare and Life Sciences reportable segment which is comprised of the Healthcare and Life Sciences operating segments, which were previously included in the Global Institutional and Global Industrial reportable segment, respectively. These were and continue to be reporting units therefore no goodwill allocation was performed. Refer to Note 16 for further information.

(b) Represents goodwill associated with the CID Lines acquisition. No goodwill resulting from this acquisition is expected to be tax deductible.

(c) Represents the purchase price allocation adjustments for acquisitions deemed preliminary as of the end of the prior year.