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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | A reconciliation of changes in the Company’s goodwill by reportable segment were 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 |  | 44.3 |  |  | (1.5) |  |  | 42.8 |
Balance at September 30, 2020 |  | $ | 2,403.4 |  |  | $ | 879.3 |  |  | $ | 3,282.7 |
The gross carrying amount of goodwill and the cumulative goodwill impairment were as follows:
|  | September 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 |  | $ | 5,296.5 |  |  | $ | (2,893.1) |  |  | $ | 2,403.4 |  |  | $ | 5,252.3 |  |  | $ | (2,736.6) |  |  | $ | 2,515.7 |
Consumables |  | 879.3 |  |  | — |  |  | 879.3 |  |  | 880.8 |  |  | — |  |  | 880.8 |
Total effect of cumulative impairment |  | $ | 6,175.8 |  |  | $ | (2,893.1) |  |  | $ | 3,282.7 |  |  | $ | 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:
|  | September 30, 2020 |  | December 31, 2019
(in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Patents |  | $ | 1,420.3 |  |  | $ | (623.5) |  |  | $ | 796.8 |  |  | $ | 1,371.9 |  |  | $ | (517.9) |  |  | $ | 854.0 |
Tradenames and trademarks |  | 81.3 |  |  | (68.2) |  |  | 13.1 |  |  | 79.0 |  |  | (63.4) |  |  | 15.6 |
Licensing agreements |  | 36.4 |  |  | (29.4) |  |  | 7.0 |  |  | 36.0 |  |  | (27.9) |  |  | 8.1 |
Customer relationships |  | 1,091.5 |  |  | (461.5) |  |  | 630.0 |  |  | 1,070.5 |  |  | (399.2) |  |  | 671.3 |
Total definite-lived |  | $ | 2,629.5 |  |  | $ | (1,182.6) |  |  | $ | 1,446.9 |  |  | $ | 2,557.4 |  |  | $ | (1,008.4) |  |  | $ | 1,549.0 |
Indefinite-lived tradenames and trademarks |  | $ | 611.2 |  |  | $ | — |  |  | $ | 611.2 |  |  | $ | 627.3 |  |  | $ | — |  |  | $ | 627.3 |
Total identifiable intangible assets |  | $ | 3,240.7 |  |  | $ | (1,182.6) |  |  | $ | 2,058.1 |  |  | $ | 3,184.7 |  |  | $ | (1,008.4) |  |  | $ | 2,176.3 |

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