GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

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

(in millions)	Technologies & Equipment		Consumables		Total
Balance at December 31, 2019	$	2,515.7	$	880.8	$	3,396.5
Impairment	(156.6)		—		(156.6)
Effects of exchange rate changes	(32.3)		(15.8)		(48.1)
Balance at March 31, 2020	$	2,326.8	$	865.0	$	3,191.8

The gross carrying amount of goodwill and the cumulative goodwill impairment were as follows:

	March 31, 2020						December 31, 2019
(in millions)	Gross Carrying Amount		Cumulative Impairment		Net Carrying Amount		Gross Carrying Amount		Cumulative Impairment		Net Carrying Amount
Technologies & Equipment	$	5,220.0	$	(2,893.2)	$	2,326.8	$	5,252.3	$	(2,736.6)	$	2,515.7
Consumables	865.0		—		865.0		880.8		—		880.8
Total effect of cumulative impairment	$	6,085.0	$	(2,893.2)	$	3,191.8	$	6,133.1	$	(2,736.6)	$	3,396.5

Schedule of Definite-lived and Indefinite-lived Intangible Assets

Identifiable definite-lived and indefinite-lived intangible assets were as follows:

	March 31, 2020						December 31, 2019
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Patents	$	1,328.4	$	(536.7)	$	791.7	$	1,351.3	$	(517.9)	$	833.4
Tradenames and trademarks	76.4		(62.6)		13.8		79.0		(63.4)		15.6
Licensing agreements	36.0		(28.3)		7.7		36.0		(27.9)		8.1
Customer relationships	1,046.6		(407.4)		639.2		1,070.5		(399.2)		671.3
Total definite-lived	$	2,487.4	$	(1,035.0)	$	1,452.4	$	2,536.8	$	(1,008.4)	$	1,528.4
Indefinite-lived tradenames and trademarks	$	593.0	$	—	$	593.0	$	647.9	$	—	$	647.9
Total identifiable intangible assets	$	3,080.4	$	(1,035.0)	$	2,045.4	$	3,184.7	$	(1,008.4)	$	2,176.3