GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2022

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, 2021
Goodwill	$	5,989	$	880	$	6,869
Accumulated impairment losses	(2,893)		—		(2,893)
Goodwill, net	$	3,096	$	880	$	3,976
Translation and other	(99)		(19)		(118)
Balance at June 30, 2022
Goodwill	$	5,890	$	861	$	6,751
Accumulated impairment losses	(2,893)		—		(2,893)
Goodwill, net	$	2,997	$	861	$	3,858

Schedule of Definite-lived and Indefinite-lived Intangible Assets

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

	June 30, 2022						December 31, 2021
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology and patents	$	1,632	$	(774)	$	858	$	1,729	$	(762)	$	967
Tradenames and trademarks	273		(89)		184		269		(79)		190
Licensing agreements	31		(26)		4		36		(32)		4
Customer relationships	1,050		(562)		488		1,091		(545)		546
Total definite-lived	$	2,986	$	(1,451)	$	1,534	$	3,125	$	(1,418)	$	1,707
Indefinite-lived tradenames and trademarks	$	552	$	—	$	552	$	598	$	—	$	598
In-process R&D (a)	14		—		14		14		—		14
Total indefinite-lived	$	566	$	—	$	566	$	612	$	—	$	612
Total identifiable intangible assets	$	3,552	$	(1,451)	$	2,100	$	3,737	$	(1,418)	$	2,319

(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.