GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill

A reconciliation of changes in the Company’s goodwill by reportable segment is as follows:

(in millions)	Technologies & Equipment		Consumables		Total
Balance at December 31, 2017	$	3,660.6	$	878.6	$	4,539.2
Acquisition related additions	—		3.7		3.7
Measurement period adjustments on prior acquisitions	—		0.5		0.5
Effects of exchange rate changes	23.5		6.3		29.8
Balance at March 31, 2018	$	3,684.1	$	889.1	$	4,573.2

The following table provides the gross carrying amount of goodwill and the cumulative goodwill impairment:

	March 31, 2018							December 31, 2017
(in millions)	Gross Carrying Amount		Cumulative Impairment			Net Carrying Amount		Gross Carrying Amount		Cumulative Impairment			Net Carrying Amount
Technologies & Equipment	$	5,335.0	$	(1,650.9	)	$	3,684.1	$	5,311.5	$	(1,650.9	)	$	3,660.6

Schedule of Definite-lived and Indefinite-lived Intangible Assets

Identifiable definite-lived and indefinite-lived intangible assets consist of the following:

	March 31, 2018							December 31, 2017
(in millions)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Patents and developed technology	$	1,420.3	$	(338.9	)	$	1,081.4	$	1,385.5	$	(305.0	)	$	1,080.5
Trademarks	76.4		(47.9		)	28.5		76.4		(46.5		)	29.9
Licensing agreements	34.5		(25.2		)	9.3		31.2		(24.8		)	6.4
Customer relationships	1,127.1		(295.6		)	831.5		1,109.1		(272.0		)	837.1
Total definite-lived	$	2,658.3	$	(707.6	)	$	1,950.7	$	2,602.2	$	(648.3	)	$	1,953.9
Indefinite-lived tradenames and trademarks	$	860.7	$	—		$	860.7	$	846.8	$	—		$	846.8
Total identifiable intangible assets	$	3,519.0	$	(707.6	)	$	2,811.4	$	3,449.0	$	(648.3	)	$	2,800.7