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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of 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, 2018 |  | $ | 2,545 |  |  | $ | 886 |  |  | $ | 3,431 |
Acquisition activity |  | 3 |  |  | — |  |  | 3 |
Divestiture of business |  | (4) |  |  | — |  |  | (4) |
Effect of exchange rate changes |  | (28) |  |  | (5) |  |  | (33) |
Balance at December 31, 2019 |  | $ | 2,516 |  |  | $ | 881 |  |  | $ | 3,397 |
Acquisition activity |  | 631 |  |  | — |  |  | 631 |
Impairment |  | (157) |  |  | — |  |  | (157) |
Effect of exchange rate changes |  | 102 |  |  | 13 |  |  | 115 |
Balance at December 31, 2020 |  | $ | 3,092 |  |  | $ | 894 |  |  | $ | 3,986 |
The gross carrying amount of goodwill and the cumulative goodwill impairment were as follows:
|  | Year Ended December 31,
|  | 2020 |  | 2019
(in millions) |  | Gross Carrying Amount |  | Cumulative Impairment |  | Net Carrying Amount |  | Gross Carrying Amount |  | Cumulative Impairment |  | Net Carrying Amount
Technologies & Equipment |  | $ | 5,985 |  |  | $ | (2,893) |  |  | $ | 3,092 |  |  | $ | 5,253 |  |  | $ | (2,737) |  |  | $ | 2,516 |
Consumables |  | 894 |  |  | — |  |  | 894 |  |  | 881 |  |  | — |  |  | 881 |
Total effect of cumulative impairment |  | $ | 6,879 |  |  | $ | (2,893) |  |  | $ | 3,986 |  |  | $ | 6,134 |  |  | $ | (2,737) |  |  | $ | 3,397 |
Schedule of Identifiable Definite-Lived Intangible Assets | Identifiable definite-lived and indefinite-lived intangible assets at were as follows:
|  | Year Ended December 31,
|  | 2020 |  | 2019
(in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Patents |  | $ | 1,681 |  |  | $ | (677) |  |  | $ | 1,004 |  |  | $ | 1,371 |  |  | $ | (518) |  |  | $ | 853 |
Tradenames and trademarks |  | 273 |  |  | (70) |  |  | 203 |  |  | 79 |  |  | (63) |  |  | 16 |
Licensing agreements |  | 37 |  |  | (30) |  |  | 7 |  |  | 36 |  |  | (28) |  |  | 8 |
Customer relationships |  | 1,142 |  |  | (494) |  |  | 648 |  |  | 1,070 |  |  | (399) |  |  | 671 |
Total definite-lived |  | $ | 3,133 |  |  | $ | (1,271) |  |  | $ | 1,862 |  |  | $ | 2,556 |  |  | $ | (1,008) |  |  | $ | 1,548 |
Indefinite-lived tradenames and trademarks |  | $ | 642 |  |  | $ | — |  |  | $ | 642 |  |  | $ | 628 |  |  | $ | — |  |  | $ | 628 |
Total identifiable intangible assets |  | $ | 3,775 |  |  | $ | (1,271) |  |  | $ | 2,504 |  |  | $ | 3,184 |  |  | $ | (1,008) |  |  | $ | 2,176 |
Schedule of Indefinite-Lived Intangible Assets | Identifiable definite-lived and indefinite-lived intangible assets at were as follows:
|  | Year Ended December 31,
|  | 2020 |  | 2019
(in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Patents |  | $ | 1,681 |  |  | $ | (677) |  |  | $ | 1,004 |  |  | $ | 1,371 |  |  | $ | (518) |  |  | $ | 853 |
Tradenames and trademarks |  | 273 |  |  | (70) |  |  | 203 |  |  | 79 |  |  | (63) |  |  | 16 |
Licensing agreements |  | 37 |  |  | (30) |  |  | 7 |  |  | 36 |  |  | (28) |  |  | 8 |
Customer relationships |  | 1,142 |  |  | (494) |  |  | 648 |  |  | 1,070 |  |  | (399) |  |  | 671 |
Total definite-lived |  | $ | 3,133 |  |  | $ | (1,271) |  |  | $ | 1,862 |  |  | $ | 2,556 |  |  | $ | (1,008) |  |  | $ | 1,548 |
Indefinite-lived tradenames and trademarks |  | $ | 642 |  |  | $ | — |  |  | $ | 642 |  |  | $ | 628 |  |  | $ | — |  |  | $ | 628 |
Total identifiable intangible assets |  | $ | 3,775 |  |  | $ | (1,271) |  |  | $ | 2,504 |  |  | $ | 3,184 |  |  | $ | (1,008) |  |  | $ | 2,176 |

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