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GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2023

Note 4 — GOODWILL AND INTANGIBLE ASSETS

Goodwill as of March 31, 2023 and December 31, 2022 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, 2022	$	652.2	$	1,019.7	$	1,671.9

Currency translation	7.2		10.6		17.8
Balance at March 31, 2023	$	659.4	$	1,030.3	$	1,689.7

Indefinite and finite-lived intangible assets consisted of the following:


	As of March 31, 2023
(In millions)	Acquisition Cost		Accumulated Amortization		Currency Translation		Net
Customer relationships	$	695.9	$	(172.8)	$	13.3	$	536.4
Patents, technology and other	841.8		(179.9)		15.3		677.2
Indefinite-lived trade names	368.0		—		20.1		388.1
Total	$	1,905.7	$	(352.7)	$	48.7	$	1,601.7


	As of December 31, 2022
(In millions)	Acquisition Cost		Accumulated Amortization		Currency Translation		Net
Customer relationships	$	695.9	$	(164.3)	$	5.9	$	537.5
Patents, technology and other	841.8		(168.8)		3.5		676.5
Indefinite-lived trade names	368.0		—		15.6		383.6
Total	$	1,905.7	$	(333.1)	$	25.0	$	1,597.6