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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table sets forth the changes in the carrying value of goodwill:
| Year Ended December 31, 2020
| EES |  | CSS |  | UBS |  | Total
| (In thousands)
Beginning balance January 1, 2020 | $ | 573,447 |  |  | $ | 235,711 |  |  | $ | 949,882 |  |  | $ | 1,759,040 |
Adjustments to goodwill for acquisitions (Note 6)(1) (2) (3) (4) | 264,538 |  |  | 868,936 |  |  | 250,553 |  |  | 1,384,027 |
Foreign currency exchange rate changes | 15,471 |  |  | 10,853 |  |  | 17,778 |  |  | 44,102 |
Ending balance December 31, 2020(4) | $ | 853,456 |  |  | $ | 1,115,500 |  |  | $ | 1,218,213 |  |  | $ | 3,187,169 |
(1) Adjustments to goodwill include the final allocation of the purchase price paid for SLS, which is reflected in the EES segment. (2) Adjustments to goodwill include an increase of $33.9 million resulting from the out-of-period adjustment related to inventory cost absorption accounting, as described in Note 2, "Accounting Policies", which affected the EES, CSS and UBS segments by $20.2 million, $2.0 million, and $11.7 million, respectively. (3) The effect of the merger with Anixter on the Company's reportable segments is disclosed in Note 17, "Business Segments". (4) Adjustments to goodwill include $26.1 million that is classified as held for sale on the UBS segment , as disclosed in Note 7, "Assets and Liabilities Held for Sale".
| Year Ended December 31, 2019
| EES |  | CSS |  | UBS |  | Total
| (In thousands)
Beginning balance January 1, 2019 | $ | 542,704 |  |  | $ | 234,449 |  |  | $ | 945,450 |  |  | $ | 1,722,603 |
Adjustments to goodwill for acquisitions (Note 6) | 5,767 |  |  | — |  |  | — |  |  | 5,767 |
Foreign currency exchange rate changes | 24,976 |  |  | 1,262 |  |  | 4,432 |  |  | 30,670 |
Ending balance December 31, 2019 | $ | 573,447 |  |  | $ | 235,711 |  |  | $ | 949,882 |  |  | $ | 1,759,040 |
Schedule of Intangible Assets by Major Class | The components of intangible assets are as follows:
|  |  | December 31, 2020 |  | December 31, 2019
| Life (in years) |  | Gross Carrying Amount (1) |  | Accumulated Amortization (1) |  | Net Carrying Amount |  | Gross Carrying Amount (1) |  | Accumulated Amortization (1) |  | Net Carrying Amount
|  |  | (In thousands)
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks | Indefinite |  | $ | 833,793 |  |  | $ | — |  |  | $ | 833,793 |  |  | $ | 98,699 |  |  | $ | — |  |  | $ | 98,699 |
Customer relationships(2) | 10 - 20 |  | 1,434,554 |  |  | (227,585) |  |  | 1,206,969 |  |  | 358,341 |  |  | (201,962) |  |  | 156,379 |
Distribution agreements(2) | 10 - 19 |  | 29,212 |  |  | (21,040) |  |  | 8,172 |  |  | 37,371 |  |  | (25,294) |  |  | 12,077 |
Trademarks(2) | 10 - 15 |  | 24,898 |  |  | (11,415) |  |  | 13,483 |  |  | 24,800 |  |  | (9,319) |  |  | 15,481 |
Non-compete agreements | 2 - 5 |  | 4,462 |  |  | (1,384) |  |  | 3,078 |  |  | 196 |  |  | (180) |  |  | 16 |
Patents | 10 |  | — |  |  | — |  |  | — |  |  | 48,310 |  |  | (43,687) |  |  | 4,623 |
|  |  | $ | 2,326,919 |  |  | $ | (261,424) |  |  | $ | 2,065,495 |  |  | $ | 567,717 |  |  | $ | (280,442) |  |  | $ | 287,275 |
(1)Excludes the original cost and related accumulated amortization of fully-amortized intangible assets. (2)The net carrying amount as of December 31, 2020 excludes $1.0 million of trademarks, $3.3 million of customer relationships and $1.4 million of distribution agreements that are classified as held for sale, as disclosed in Note 7, "Assets and Liabilities Held for Sale".
Schedule of Expected Amortization Expense | The following table sets forth the estimated amortization expense for intangible assets for the next five years and thereafter:
For the year ending December 31, | (In thousands)
2021 | $ | 86,619 |
2022 | 83,628 |
2023 | 81,400 |
2024 | 80,087 |
2025 | 76,829 |
Thereafter | 823,139 |

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