GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

A reconciliation of changes in the Company’s goodwill by reportable segment is 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	$	2,579.8	$	851.5	$	3,431.3
Business unit transfers	(37.1)		37.1		—



Effects of exchange rate changes	13.3		(45.4)		(32.1)
Balance at March 31, 2019	$	2,556.0	$	843.2	$	3,399.2

During the three months ended March 31, 2019, the Company transferred goodwill between segments due to changes in the reporting units as a result of the realignment of certain businesses between segments. Affected reporting units were tested for potential impairment of goodwill before the transfers. No goodwill impairment was identified.

The following provides the gross carrying amount of goodwill and the cumulative goodwill impairment:


	March 31, 2019										December 31, 2018
(in millions)	Gross Carrying Amount		Cumulative Impairment		Net Carrying Amount		Gross Carrying Amount		Cumulative Impairment		Net Carrying Amount

Technologies & Equipment	$	5,292.6	$	(2,736.6)	$	2,556.0	$	5,247.9	$	(2,668.1)	$	2,579.8
Consumables	843.2		—		843.2		920.0		(68.5)		851.5
Total effect of cumulative impairment	$	6,135.8	$	(2,736.6)	$	3,399.2	$	6,167.9	$	(2,736.6)	$	3,431.3

Schedule of Definite-lived and Indefinite-lived Intangible Assets

Identifiable definite-lived and indefinite-lived intangible assets consist of the following:


	March 31, 2019										December 31, 2018
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

Patents	$	1,351.9	$	(428.0)	$	923.9	$	1,376.4	$	(407.1)	$	969.3
Tradenames and trademarks	79.1		(61.9)		17.2		81.1		(62.5)		18.6
Licensing agreements	35.9		(26.6)		9.3		36.1		(26.3)		9.8
Customer relationships	1,072.2		(348.0)		724.2		1,085.3		(334.4)		750.9
Total definite-lived	$	2,539.1	$	(864.5)	$	1,674.6	$	2,578.9	$	(830.3)	$	1,748.6

Indefinite-lived tradenames and trademarks	$	650.1	$	—	$	650.1	$	671.7	$	—	$	671.7

Total identifiable intangible assets	$	3,189.2	$	(864.5)	$	2,324.7	$	3,250.6	$	(830.3)	$	2,420.3