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GOODWILL AND INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | A reconciliation of changes in the Company’s goodwill by reportable segment wer e as follows:
(in millions) |  | Technologies & Equipment |  | Consumables |  | Total
Balance at December 31, 2019 |  | $ | 2,515.7 |  |  | $ | 880.8 |  |  | $ | 3,396.5 |
Impairment |  | (156.6) |  |  | — |  |  | (156.6) |
Effects of exchange rate changes |  | (1.5) |  |  | (11.2) |  |  | (12.7) |
Balance at June 30, 2020 |  | $ | 2,357.6 |  |  | $ | 869.6 |  |  | $ | 3,227.2 |
The gross carrying amount of goodwill and the cumulative goodwill impairment were as follows:
|  | June 30, 2020 |  |  |  |  |  | December 31, 2019 |  |  |  |
(in millions) |  | Gross Carrying Amount |  | Cumulative Impairment |  | Net Carrying Amount |  | Gross Carrying Amount |  | Cumulative Impairment |  | Net Carrying Amount
Technologies & Equipment |  | $ | 5,250.8 |  |  | $ | (2,893.2) |  |  | $ | 2,357.6 |  |  | $ | 5,252.3 |  |  | $ | (2,736.6) |  |  | $ | 2,515.7 |
Consumables |  | 869.6 |  |  | — |  |  | 869.6 |  |  | 880.8 |  |  | — |  |  | 880.8 |
Total effect of cumulative impairment |  | $ | 6,120.4 |  |  | $ | (2,893.2) |  |  | $ | 3,227.2 |  |  | $ | 6,133.1 |  |  | $ | (2,736.6) |  |  | $ | 3,396.5 |
Schedule of Definite-lived and Indefinite-lived Intangible Assets | Identifiable definite-lived and indefinite-lived intangible assets were as follows:
|  | June 30, 2020 |  |  |  |  |  | December 31, 2019 |  |  |  |
(in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Patents |  | $ | 1,350.9 |  |  | $ | (574.5) |  |  | $ | 776.4 |  |  | $ | 1,351.3 |  |  | $ | (517.9) |  |  | $ | 833.4 |
Tradenames and trademarks |  | 78.5 |  |  | (64.9) |  |  | 13.6 |  |  | 79.0 |  |  | (63.4) |  |  | 15.6 |
Licensing agreements |  | 36.1 |  |  | (28.9) |  |  | 7.2 |  |  | 36.0 |  |  | (27.9) |  |  | 8.1 |
Customer relationships |  | 1,064.7 |  |  | (431.9) |  |  | 632.8 |  |  | 1,070.5 |  |  | (399.2) |  |  | 671.3 |
Total definite-lived |  | $ | 2,530.2 |  |  | $ | (1,100.2) |  |  | $ | 1,430.0 |  |  | $ | 2,536.8 |  |  | $ | (1,008.4) |  |  | $ | 1,528.4 |
Indefinite-lived tradenames and trademarks |  | $ | 609.6 |  |  | $ | — |  |  | $ | 609.6 |  |  | $ | 647.9 |  |  | $ | — |  |  | $ | 647.9 |
Total identifiable intangible assets |  | $ | 3,139.8 |  |  | $ | (1,100.2) |  |  | $ | 2,039.6 |  |  | $ | 3,184.7 |  |  | $ | (1,008.4) |  |  | $ | 2,176.3 |

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