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GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2024

Note 2 — GOODWILL AND INTANGIBLE ASSETS

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

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