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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | Note 4 — GOODWILL AND INTANGIBLE ASSETS Goodwill as of September 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 |  |  |  | Total
Balance at December 31, 2021 | $ | 236.3 |  |  | $ | 1,048.5 |  |  |  |  | $ | 1,284.8 |
Acquisition of businesses | 277.1 |  |  | — |  |  |  |  | 277.1 |
Currency translation | (13.1) |  |  | (57.8) |  |  |  |  | (70.9) |
Balance at September 30, 2022 | $ | 500.3 |  |  | $ | 990.7 |  |  |  |  | $ | 1,491.0 |
Indefinite and finite-lived intangible assets consisted of the following:
| As of September 30, 2022
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 705.9 |  |  | $ | (156.0) |  |  | $ | (25.4) |  |  | $ | 524.5 |
Patents, technology and other | 841.8 |  |  | (158.2) |  |  | (42.1) |  |  | 641.5 |
Indefinite-lived trade names | 368.0 |  |  | — |  |  | (8.3) |  |  | 359.7 |
Total | $ | 1,915.7 |  |  | $ | (314.2) |  |  | $ | (75.8) |  |  | $ | 1,525.7 |
| 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 https://asc.fasb.org/topic&trid=2144416 + Details
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