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GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2022

Note 3 — GOODWILL AND INTANGIBLE ASSETS

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

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