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GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Changes in Carrying Amount of Goodwill by Operating Segment

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

Schedule of Finite-Lived Intangible Assets

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

Schedule of Indefinite-Lived Intangible Assets

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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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
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