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GOODWILL AND INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Changes in Carrying Amount of Goodwill by Operating Segment | Goodwill as of June 30, 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 | (1.6) |  |  | (28.0) |  |  | — |  |  | (29.6) |
Balance at June 30, 2022 | $ | 234.7 |  |  | $ | 1,020.5 |  |  | $ | 1.6 |  |  | $ | 1,256.8 |
Schedule of Finite-Lived Intangible Assets | Indefinite and finite-lived intangible assets consisted of the following:
| As of June 30, 2022
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 507.2 |  |  | $ | (148.3) |  |  | $ | (6.5) |  |  | $ | 352.4 |
Patents, technology and other | 566.7 |  |  | (149.0) |  |  | (15.9) |  |  | 401.8 |
Indefinite-lived trade names | 113.2 |  |  | — |  |  | (0.2) |  |  | 113.0 |
Total | $ | 1,187.1 |  |  | $ | (297.3) |  |  | $ | (22.6) |  |  | $ | 867.2 |
| 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 June 30, 2022
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 507.2 |  |  | $ | (148.3) |  |  | $ | (6.5) |  |  | $ | 352.4 |
Patents, technology and other | 566.7 |  |  | (149.0) |  |  | (15.9) |  |  | 401.8 |
Indefinite-lived trade names | 113.2 |  |  | — |  |  | (0.2) |  |  | 113.0 |
Total | $ | 1,187.1 |  |  | $ | (297.3) |  |  | $ | (22.6) |  |  | $ | 867.2 |
| 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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