XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.23.3

GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
--- | ---
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | Note 4 — GOODWILL AND INTANGIBLE ASSETS Goodwill as of September 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 | 10.3 |  |  | — |  |  |  |  | 10.3 |
Currency translation | 0.4 |  |  | (1.3) |  |  |  |  | (0.9) |
Balance at September 30, 2023 | $ | 662.9 |  |  | $ | 1,018.4 |  |  |  |  | $ | 1,681.3 |
Indefinite and finite-lived intangible assets consisted of the following:
| As of September 30, 2023
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 726.2 |  |  | $ | (190.6) |  |  | $ | 4.5 |  |  | $ | 540.1 |
Patents, technology and other | 841.8 |  |  | (202.9) |  |  | 2.0 |  |  | 640.9 |
Indefinite-lived trade names | 368.0 |  |  | — |  |  | 14.0 |  |  | 382.0 |
Total | $ | 1,936.0 |  |  | $ | (393.5) |  |  | $ | 20.5 |  |  | $ | 1,563.0 |
| 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 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration