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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | Note 2 — GOODWILL AND INTANGIBLE ASSETS Goodwill as of September 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 | 4.1 |  |  | (6.6) |  |  |  |  | (2.5) |
Balance at September 30, 2024 | $ | 686.6 |  |  | $ | 1,030.2 |  |  |  |  | $ | 1,716.8 |
Indefinite and finite-lived intangible assets consisted of the following:
| As of September 30, 2024
(In millions) | Acquisition Cost |  | Accumulated Amortization |  | Currency Translation |  | Net
Customer relationships | $ | 726.2 |  |  | $ | (226.5) |  |  | $ | 23.7 |  |  | $ | 523.4 |
Patents, technology and other | 846.0 |  |  | (245.4) |  |  | 26.8 |  |  | 627.4 |
Indefinite-lived trade names | 363.8 |  |  | — |  |  | 27.9 |  |  | 391.7 |
Total | $ | 1,936.0 |  |  | $ | (471.9) |  |  | $ | 78.4 |  |  | $ | 1,542.5 |
| 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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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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