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GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2023

Note 4 — GOODWILL AND INTANGIBLE ASSETS

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

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