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GOODWILL AND INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill and Changes in Carrying Amount of Goodwill by Operating Segment | Goodwill as of June 30, 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 | (15.2) |  |  | (19.0) |  |  |  |  | (34.2) |
Balance at June 30, 2024 | $ | 667.3 |  |  | $ | 1,017.8 |  |  |  |  | $ | 1,685.1 |
Schedule of Finite-Lived Intangible Assets | Indefinite and finite-lived intangible assets consisted of the following:
| As of June 30, 2024
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 726.2 |  |  | $ | (217.6) |  |  | $ | 8.3 |  |  | $ | 516.9 |
Patents, technology and other | 841.8 |  |  | (234.4) |  |  | 6.6 |  |  | 614.0 |
Indefinite-lived trade names | 368.0 |  |  | — |  |  | 16.8 |  |  | 384.8 |
Total | $ | 1,936.0 |  |  | $ | (452.0) |  |  | $ | 31.7 |  |  | $ | 1,515.7 |
| 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 June 30, 2024
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 726.2 |  |  | $ | (217.6) |  |  | $ | 8.3 |  |  | $ | 516.9 |
Patents, technology and other | 841.8 |  |  | (234.4) |  |  | 6.6 |  |  | 614.0 |
Indefinite-lived trade names | 368.0 |  |  | — |  |  | 16.8 |  |  | 384.8 |
Total | $ | 1,936.0 |  |  | $ | (452.0) |  |  | $ | 31.7 |  |  | $ | 1,515.7 |
| 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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