GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 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	44.3		(1.5)		42.8
Balance at September 30, 2020	$	2,403.4	$	879.3	$	3,282.7

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

	September 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	$	5,296.5	$	(2,893.1)	$	2,403.4	$	5,252.3	$	(2,736.6)	$	2,515.7
Consumables	879.3		—		879.3		880.8		—		880.8
Total effect of cumulative impairment	$	6,175.8	$	(2,893.1)	$	3,282.7	$	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:

	September 30, 2020						December 31, 2019
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Patents	$	1,420.3	$	(623.5)	$	796.8	$	1,371.9	$	(517.9)	$	854.0
Tradenames and trademarks	81.3		(68.2)		13.1		79.0		(63.4)		15.6
Licensing agreements	36.4		(29.4)		7.0		36.0		(27.9)		8.1
Customer relationships	1,091.5		(461.5)		630.0		1,070.5		(399.2)		671.3
Total definite-lived	$	2,629.5	$	(1,182.6)	$	1,446.9	$	2,557.4	$	(1,008.4)	$	1,549.0
Indefinite-lived tradenames and trademarks	$	611.2	$	—	$	611.2	$	627.3	$	—	$	627.3
Total identifiable intangible assets	$	3,240.7	$	(1,182.6)	$	2,058.1	$	3,184.7	$	(1,008.4)	$	2,176.3