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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Reconciliation of Changes in the Company's 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, 2017 |  | $ | 3,634.4 |  |  | $ | 904.8 |  |  | $ | 4,539.2 |
Acquisition activity |  | 58.0 |  |  | 3.7 |  |  | 61.7 |
Adjustment of provisional amounts on prior acquisitions |  | — |  |  | 0.7 |  |  | 0.7 |
Impairment |  | (1,085.7) |  |  | — |  |  | (1,085.7) |
Effect of exchange rate changes |  | (61.8) |  |  | (22.8) |  |  | (84.6) |
Balance at December 31, 2018 |  | $ | 2,544.9 |  |  | $ | 886.4 |  |  | $ | 3,431.3 |
Acquisition activity |  | 3.3 |  |  | — |  |  | 3.3 |
Divestiture of business |  | (4.1) |  |  | — |  |  | (4.1) |
Effect of exchange rate changes |  | (28.4) |  |  | (5.6) |  |  | (34.0) |
Balance at December 31, 2019 |  | $ | 2,515.7 |  |  | $ | 880.8 |  |  | $ | 3,396.5 |
The gross carrying amount of goodwill and the cumulative goodwill impairment were as follows:
|  | Year Ended December 31, |  |  |  |  |  |  |  |  |  |
|  | 2019 |  |  |  |  |  | 2018 |  |  |  |
(in millions) |  | Gross Carrying Amount |  | Cumulative Impairment |  | Net Carrying Amount |  | Gross Carrying Amount |  | Cumulative Impairment |  | Net Carrying Amount
Technologies & Equipment |  | $ | 5,252.3 |  |  | $ | (2,736.6) |  |  | $ | 2,515.7 |  |  | $ | 5,281.5 |  |  | $ | (2,736.6) |  |  | $ | 2,544.9 |
Consumables |  | 880.8 |  |  | — |  |  | 880.8 |  |  | 886.4 |  |  | — |  |  | 886.4 |
Total effect of cumulative impairment |  | $ | 6,133.1 |  |  | $ | (2,736.6) |  |  | $ | 3,396.5 |  |  | $ | 6,167.9 |  |  | $ | (2,736.6) |  |  | $ | 3,431.3 |
Identifiable Definite-Lived Intangible Assets | Identifiable definite-lived and indefinite-lived intangible assets at were as follows:
|  | Year Ended December 31, |  |  |  |  |  |  |  |  |  |
|  | 2019 |  |  |  |  |  | 2018 |  |  |  |
(in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Patents |  | $ | 1,351.3 |  |  | $ | (517.9) |  |  | $ | 833.4 |  |  | $ | 1,376.4 |  |  | $ | (407.1) |  |  | $ | 969.3 |
Tradenames and trademarks |  | 79.0 |  |  | (63.4) |  |  | 15.6 |  |  | 81.1 |  |  | (62.5) |  |  | 18.6 |
Licensing agreements |  | 36.0 |  |  | (27.9) |  |  | 8.1 |  |  | 36.1 |  |  | (26.3) |  |  | 9.8 |
Customer relationships |  | 1,070.5 |  |  | (399.2) |  |  | 671.3 |  |  | 1,085.3 |  |  | (334.4) |  |  | 750.9 |
Total definite-lived |  | $ | 2,536.8 |  |  | $ | (1,008.4) |  |  | $ | 1,528.4 |  |  | $ | 2,578.9 |  |  | $ | (830.3) |  |  | $ | 1,748.6 |
Indefinite-lived tradenames and trademarks |  | $ | 647.9 |  |  | $ | — |  |  | $ | 647.9 |  |  | $ | 671.7 |  |  | $ | — |  |  | $ | 671.7 |
Total identifiable intangible assets |  | $ | 3,184.7 |  |  | $ | (1,008.4) |  |  | $ | 2,176.3 |  |  | $ | 3,250.6 |  |  | $ | (830.3) |  |  | $ | 2,420.3 |
Schedule of Indefinite-Lived Intangible Assets | Identifiable definite-lived and indefinite-lived intangible assets at were as follows:
|  | Year Ended December 31, |  |  |  |  |  |  |  |  |  |
|  | 2019 |  |  |  |  |  | 2018 |  |  |  |
(in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Patents |  | $ | 1,351.3 |  |  | $ | (517.9) |  |  | $ | 833.4 |  |  | $ | 1,376.4 |  |  | $ | (407.1) |  |  | $ | 969.3 |
Tradenames and trademarks |  | 79.0 |  |  | (63.4) |  |  | 15.6 |  |  | 81.1 |  |  | (62.5) |  |  | 18.6 |
Licensing agreements |  | 36.0 |  |  | (27.9) |  |  | 8.1 |  |  | 36.1 |  |  | (26.3) |  |  | 9.8 |
Customer relationships |  | 1,070.5 |  |  | (399.2) |  |  | 671.3 |  |  | 1,085.3 |  |  | (334.4) |  |  | 750.9 |
Total definite-lived |  | $ | 2,536.8 |  |  | $ | (1,008.4) |  |  | $ | 1,528.4 |  |  | $ | 2,578.9 |  |  | $ | (830.3) |  |  | $ | 1,748.6 |
Indefinite-lived tradenames and trademarks |  | $ | 647.9 |  |  | $ | — |  |  | $ | 647.9 |  |  | $ | 671.7 |  |  | $ | — |  |  | $ | 671.7 |
Total identifiable intangible assets |  | $ | 3,184.7 |  |  | $ | (1,008.4) |  |  | $ | 2,176.3 |  |  | $ | 3,250.6 |  |  | $ | (830.3) |  |  | $ | 2,420.3 |

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