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GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

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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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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-Name Accounting Standards Codification
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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 3
-Subparagraph (b),(d)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275

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