GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2021

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, 2020
Goodwill	$	5,985	$	894	$	6,879
Accumulated impairment losses	(2,893)		—		(2,893)
Goodwill, net	$	3,092	$	894	$	3,986
Acquisition related additions (a)	107		—		107
Translation and other	(140)		47		(93)
Balance at September 30, 2021
Goodwill	$	5,952	$	941	$	6,893
Accumulated impairment losses	(2,893)		—		(2,893)
Goodwill, net	$	3,059	$	941	$	4,000

(a) Refer to Note 5, “Business Combinations” for more information regarding recent acquisitions.

Schedule of Definite-lived and Indefinite-lived Intangible Assets

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

	September 30, 2021						December 31, 2020
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology and patents	$	1,752	$	(743)	$	1,009	$	1,681	$	(677)	$	1,004
Tradenames and trademarks	269		(76)		193		273		(70)		203
Licensing agreements	36		(31)		5		37		(30)		7
Customer relationships	1,105		(533)		572		1,142		(494)		648
Total definite-lived	$	3,162	$	(1,383)	$	1,779	$	3,133	$	(1,271)	$	1,862
Indefinite-lived tradenames and trademarks	$	610	$	—	$	610	$	642	$	—	$	642
In-process R&D (a)	13		—		13		—		—		—
Total indefinite-lived	$	623	$	—	$	623	$	642	$	—	$	642
Total identifiable intangible assets	$	3,785	$	(1,383)	$	2,402	$	3,775	$	(1,271)	$	2,504

(a) Intangible assets acquired in a business combination that are in-process and used in research and development (“R&D”) activities are considered indefinite-lived until the completion or abandonment of the R&D efforts. The useful life and amortization of those assets will be determined once the R&D efforts are completed.