GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by segment were as follows:

(dollars in millions)	Electronics		Industrial & Specialty			Total
Balance at December 31, 2021	$	1,292.2	$	1,234.1	(1)	$	2,526.3
HSO Acquisition	—		7.1			7.1
Transfer of Films business (2)	80.4		(80.4)			—
Foreign currency translation and other	(56.0)		(52.0)			(108.0)
Balance at June 30, 2022	$	1,316.6	$	1,108.8		$	2,425.4

(1) Includes accumulated impairment losses of $46.6 million.

(2) Goodwill was reallocated using a relative fair value approach and assessed for impairment both before and after the allocation. See Note 1, Background and Basis of Presentation, to the unaudited Condensed Consolidated Financial Statements for further information.

Schedule of Major Components of Intangible Assets

The major components of intangible assets were as follows:

	June 30, 2022						December 31, 2021
(dollars in millions)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Customer relationships	$	970.9	$	(401.4)	$	569.5	$	1,131.3	$	(506.7)	$	624.6
Developed technology	410.7		(257.6)		153.1		429.0		(247.4)		181.6
Trade names	96.7		(20.4)		76.3		102.2		(19.7)		82.5
Indefinite-lived trade name	68.0		—		68.0		68.0		—		68.0
Total	$	1,546.3	$	(679.4)	$	866.9	$	1,730.5	$	(773.8)	$	956.7