GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of 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, 2023	$	1,298.7	$	1,038.0	(1)	$	2,336.7
Foreign currency translation and other	(29.5)		(21.6)			(51.1)
Balance at June 30, 2024	$	1,269.2	$	1,016.4		$	2,285.6

(1) Includes accumulated impairment losses of $127 million.

Schedule of Major Components of Intangible Assets

The major components of intangible assets, net were as follows:

	June 30, 2024						December 31, 2023
(dollars in millions)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Customer relationships	$	954.3	$	(525.2)	$	429.1	$	978.4	$	(505.9)	$	472.5
Developed technology	295.5		(219.6)		75.9		410.0		(316.2)		93.8
Trade names	94.0		(33.9)		60.1		95.9		(30.9)		65.0
Reacquired distribution rights	187.0		(13.5)		173.5		187.0		(7.3)		179.7
Other	—		—		—		0.8		(0.5)		0.3
Indefinite-lived trade name	68.0		—		68.0		68.0		—		68.0
Total	$	1,598.8	$	(792.2)	$	806.6	$	1,740.1	$	(860.8)	$	879.3