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GOODWILL AND INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill and Changes in Carrying Amount of Goodwill by Operating Segment | Goodwill as of June 30, 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 |
Acquisition of businesses | 7.5 |  |  | — |  |  |  |  | 7.5 |
Currency translation | 15.0 |  |  | 11.3 |  |  |  |  | 26.3 |
Balance at June 30, 2023 | $ | 674.7 |  |  | $ | 1,031.0 |  |  |  |  | $ | 1,705.7 |
Schedule of Finite-Lived Intangible Assets | Indefinite and finite-lived intangible assets consisted of the following:
| As of June 30, 2023
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 720.9 |  |  | $ | (182.0) |  |  | $ | 16.7 |  |  | $ | 555.6 |
Patents, technology and other | 841.8 |  |  | (191.7) |  |  | 18.6 |  |  | 668.7 |
Indefinite-lived trade names | 368.0 |  |  | — |  |  | 22.4 |  |  | 390.4 |
Total | $ | 1,930.7 |  |  | $ | (373.7) |  |  | $ | 57.7 |  |  | $ | 1,614.7 |
| 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 |
Schedule of Indefinite-Lived Intangible Assets | Indefinite and finite-lived intangible assets consisted of the following:
| As of June 30, 2023
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 720.9 |  |  | $ | (182.0) |  |  | $ | 16.7 |  |  | $ | 555.6 |
Patents, technology and other | 841.8 |  |  | (191.7) |  |  | 18.6 |  |  | 668.7 |
Indefinite-lived trade names | 368.0 |  |  | — |  |  | 22.4 |  |  | 390.4 |
Total | $ | 1,930.7 |  |  | $ | (373.7) |  |  | $ | 57.7 |  |  | $ | 1,614.7 |
| 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 |

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