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GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Changes in Carrying Amount of Goodwill by Operating Segment

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

Schedule of Finite-Lived Intangible Assets

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

Schedule of Indefinite-Lived Intangible Assets

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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