GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 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	(1.5)		(11.2)		(12.7)
Balance at June 30, 2020	$	2,357.6	$	869.6	$	3,227.2

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

	June 30, 2020						December 31, 2019
(in millions)	Gross Carrying Amount		Cumulative Impairment		Net Carrying Amount		Gross Carrying Amount		Cumulative Impairment		Net Carrying Amount
Technologies & Equipment	$	5,250.8	$	(2,893.2)	$	2,357.6	$	5,252.3	$	(2,736.6)	$	2,515.7
Consumables	869.6		—		869.6		880.8		—		880.8
Total effect of cumulative impairment	$	6,120.4	$	(2,893.2)	$	3,227.2	$	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:

	June 30, 2020						December 31, 2019
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Patents	$	1,350.9	$	(574.5)	$	776.4	$	1,351.3	$	(517.9)	$	833.4
Tradenames and trademarks	78.5		(64.9)		13.6		79.0		(63.4)		15.6
Licensing agreements	36.1		(28.9)		7.2		36.0		(27.9)		8.1
Customer relationships	1,064.7		(431.9)		632.8		1,070.5		(399.2)		671.3
Total definite-lived	$	2,530.2	$	(1,100.2)	$	1,430.0	$	2,536.8	$	(1,008.4)	$	1,528.4
Indefinite-lived tradenames and trademarks	$	609.6	$	—	$	609.6	$	647.9	$	—	$	647.9
Total identifiable intangible assets	$	3,139.8	$	(1,100.2)	$	2,039.6	$	3,184.7	$	(1,008.4)	$	2,176.3