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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | A reconciliation of changes in the Company’s goodwill by reportable segment were as follows (the segment information below reflects the current structure for all periods shown):
(in millions) |  | Technologies & Equipment |  | Consumables |  | Total
Balance at December 31, 2018 |  | $ | 2,579.8 |  |  | $ | 851.5 |  |  | $ | 3,431.3 |
Business unit transfers |  | (37.1) |  |  | 37.1 |  |  | — |
Acquisition related additions |  | 3.8 |  |  | — |  |  | 3.8 |
Divestiture of a business |  | (4.1) |  |  | — |  |  | (4.1) |
Effects of exchange rate changes |  | (59.0) |  |  | (16.3) |  |  | (75.3) |
Balance at September 30, 2019 |  | $ | 2,483.4 |  |  | $ | 872.3 |  |  | $ | 3,355.7 |
The following provides the gross carrying amount of goodwill and the cumulative goodwill impairment:
|  | September 30, 2019 |  |  |  |  |  | December 31, 2018 |  |  |  |
(in millions) |  | Gross Carrying Amount |  | Cumulative Impairment |  | Net Carrying Amount |  | Gross Carrying Amount |  | Cumulative Impairment |  | Net Carrying Amount
Technologies & Equipment |  | $ | 5,220.0 |  |  | $ | (2,736.6) |  |  | $ | 2,483.4 |  |  | $ | 5,247.9 |  |  | $ | (2,668.1) |  |  | $ | 2,579.8 |
Consumables |  | 872.3 |  |  | — |  |  | 872.3 |  |  | 920.0 |  |  | (68.5) |  |  | 851.5 |
Total effect of cumulative impairment |  | $ | 6,092.3 |  |  | $ | (2,736.6) |  |  | $ | 3,355.7 |  |  | $ | 6,167.9 |  |  | $ | (2,736.6) |  |  | $ | 3,431.3 |
Schedule of Definite-lived and Indefinite-lived Intangible Assets | Identifiable definite-lived and indefinite-lived intangible assets were as follows:
|  | September 30, 2019 |  |  |  |  |  | December 31, 2018 |  |  |  |
(in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Patents |  | $ | 1,318.3 |  |  | $ | (477.0) |  |  | $ | 841.3 |  |  | $ | 1,376.4 |  |  | $ | (407.1) |  |  | $ | 969.3 |
Tradenames and trademarks |  | 77.5 |  |  | (61.9) |  |  | 15.6 |  |  | 81.1 |  |  | (62.5) |  |  | 18.6 |
Licensing agreements |  | 35.8 |  |  | (27.3) |  |  | 8.5 |  |  | 36.1 |  |  | (26.3) |  |  | 9.8 |
Customer relationships |  | 1,047.1 |  |  | (373.8) |  |  | 673.3 |  |  | 1,085.3 |  |  | (334.4) |  |  | 750.9 |
Total definite-lived |  | $ | 2,478.7 |  |  | $ | (940.0) |  |  | $ | 1,538.7 |  |  | $ | 2,578.9 |  |  | $ | (830.3) |  |  | $ | 1,748.6 |
Indefinite-lived tradenames and trademarks |  | $ | 629.0 |  |  | $ | — |  |  | $ | 629.0 |  |  | $ | 671.7 |  |  | $ | — |  |  | $ | 671.7 |
Total identifiable intangible assets |  | $ | 3,107.7 |  |  | $ | (940.0) |  |  | $ | 2,167.7 |  |  | $ | 3,250.6 |  |  | $ | (830.3) |  |  | $ | 2,420.3 |

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