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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | Note 3 — GOODWILL AND INTANGIBLE ASSETS Goodwill as of March 31, 2022 and December 31, 2021 and changes in the carrying amount of goodwill by segment were as follows:
(In millions) | Specialty Engineered Materials |  | Color, Additives and Inks |  | Distribution |  | Total
Balance at December 31, 2021 | $ | 236.3 |  |  | $ | 1,048.5 |  |  | $ | 1.6 |  |  | $ | 1,286.4 |
Currency translation | (0.1) |  |  | (2.9) |  |  | — |  |  | (3.0) |
Balance at March 31, 2022 | $ | 236.2 |  |  | $ | 1,045.6 |  |  | $ | 1.6 |  |  | $ | 1,283.4 |
Indefinite and finite-lived intangible assets consisted of the following:
| As of March 31, 2022
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 507.2 |  |  | $ | (141.9) |  |  | $ | 3.1 |  |  | $ | 368.4 |
Patents, technology and other | 566.7 |  |  | (141.7) |  |  | (2.5) |  |  | 422.5 |
Indefinite-lived trade names | 113.2 |  |  | — |  |  | — |  |  | 113.2 |
Total | $ | 1,187.1 |  |  | $ | (283.6) |  |  | $ | 0.6 |  |  | $ | 904.1 |
| As of December 31, 2021
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 507.2 |  |  | $ | (135.4) |  |  | $ | 6.0 |  |  | $ | 377.8 |
Patents, technology and other | 566.7 |  |  | (134.3) |  |  | 1.8 |  |  | 434.2 |
Indefinite-lived trade names | 113.2 |  |  | — |  |  | — |  |  | 113.2 |
Total | $ | 1,187.1 |  |  | $ | (269.7) |  |  | $ | 7.8 |  |  | $ | 925.2 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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