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GOODWILL AND INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill and Changes in Carrying Amount of Goodwill by Operating Segment | Goodwill as of March 31, 2024 and December 31, 2023 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, 2023 | $ | 682.5 |  |  | $ | 1,036.8 |  |  | $ | 1,719.3 |
Currency translation | (10.7) |  |  | (8.5) |  |  | (19.2) |
Balance at March 31, 2024 | $ | 671.8 |  |  | $ | 1,028.3 |  |  | $ | 1,700.1 |
Schedule of Finite-Lived Intangible Assets | Indefinite and finite-lived intangible assets consisted of the following:
| As of March 31, 2024
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 726.2 |  |  | $ | (208.7) |  |  | $ | 12.0 |  |  | $ | 529.5 |
Patents, technology and other | 841.8 |  |  | (223.8) |  |  | 11.7 |  |  | 629.7 |
Indefinite-lived trade names | 368.0 |  |  | — |  |  | 19.3 |  |  | 387.3 |
Total | $ | 1,936.0 |  |  | $ | (432.5) |  |  | $ | 43.0 |  |  | $ | 1,546.5 |
| As of December 31, 2023
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 726.2 |  |  | $ | (199.8) |  |  | $ | 20.0 |  |  | $ | 546.4 |
Patents, technology and other | 841.8 |  |  | (213.1) |  |  | 22.5 |  |  | 651.2 |
Indefinite-lived trade names | 368.0 |  |  | — |  |  | 25.2 |  |  | 393.2 |
Total | $ | 1,936.0 |  |  | $ | (412.9) |  |  | $ | 67.7 |  |  | $ | 1,590.8 |
Schedule of Indefinite-Lived Intangible Assets | Indefinite and finite-lived intangible assets consisted of the following:
| As of March 31, 2024
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 726.2 |  |  | $ | (208.7) |  |  | $ | 12.0 |  |  | $ | 529.5 |
Patents, technology and other | 841.8 |  |  | (223.8) |  |  | 11.7 |  |  | 629.7 |
Indefinite-lived trade names | 368.0 |  |  | — |  |  | 19.3 |  |  | 387.3 |
Total | $ | 1,936.0 |  |  | $ | (432.5) |  |  | $ | 43.0 |  |  | $ | 1,546.5 |
| As of December 31, 2023
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 726.2 |  |  | $ | (199.8) |  |  | $ | 20.0 |  |  | $ | 546.4 |
Patents, technology and other | 841.8 |  |  | (213.1) |  |  | 22.5 |  |  | 651.2 |
Indefinite-lived trade names | 368.0 |  |  | — |  |  | 25.2 |  |  | 393.2 |
Total | $ | 1,936.0 |  |  | $ | (412.9) |  |  | $ | 67.7 |  |  | $ | 1,590.8 |

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