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GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill by segment
The changes in the carrying amount of goodwill by segment were as follows:
  (dollars in millions)
ElectronicsIndustrial & SpecialtyTotal
Balance at December 31, 2020$1,274.0 $978.7 (1)$2,252.7 
Acquisitions (2)
20.9 290.0 310.9 
Foreign currency translation and other(2.7)(34.6)(37.3)
Balance at December 31, 20211,292.2 1,234.1 2,526.3 
HSO Acquisition— 7.1 7.1 
Transfer of Films business (3)
80.4 (80.4)— 
Foreign currency translation and other(68.6)(52.0)(120.6)
Balance at December 31, 2022$1,304.0 $1,108.8 $2,412.8 
(1) Includes accumulated impairment losses of $46.6 million.
(2) The Company completed the Coventya Acquisition and the HKW Acquisition on September 1, 2021 and May 5, 2021, respectively.
(3) Goodwill was reallocated using a relative fair value approach and assessed for impairment both before and after the allocation. See Note 1, Background and Basis of Presentation, to the Consolidated Financial Statements for further information.
Schedule of finite-lived intangible assets subject to amortization The major components of intangible assets were as follows:
December 31, 2022December 31, 2021
  (dollars in millions)
Gross Carrying AmountAccumulated AmortizationNet Book ValueGross Carrying AmountAccumulated AmortizationNet Book Value
Customer relationships$967.5 $(434.1)$533.4 $1,131.3 $(506.7)$624.6 
Developed technology408.9 (277.0)131.9 429.0 (247.4)181.6 
Trade names96.0 (23.8)72.2 102.2 (19.7)82.5 
Indefinite-lived tradename68.0 — 68.0 68.0 — 68.0 
Total$1,540.4 $(734.9)$805.5 $1,730.5 $(773.8)$956.7 
Schedule of estimated future amortization of intangible assets Estimated future amortization of intangible assets for each of the next five years is as follows:
  (dollars in millions)
Amortization Expense
2023$116.4 
2024107.1 
2025100.9 
202659.0 
202757.4