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GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2023

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