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GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

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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- References

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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

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