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GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2022

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