GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 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		—

Divestiture of a business	(4.1)		—		(4.1)


Effects of exchange rate changes	(11.9)		(2.6)		(14.5)
Balance at June 30, 2019	$	2,526.7	$	886.0	$	3,412.7

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


	June 30, 2019										December 31, 2018
(in millions)	Gross Carrying Amount		Cumulative Impairment		Net Carrying Amount		Gross Carrying Amount		Cumulative Impairment		Net Carrying Amount

Technologies & Equipment	$	5,263.3	$	(2,736.6)	$	2,526.7	$	5,247.9	$	(2,668.1)	$	2,579.8
Consumables	886.0		—		886.0		920.0		(68.5)		851.5
Total effect of cumulative impairment	$	6,149.3	$	(2,736.6)	$	3,412.7	$	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:


	June 30, 2019										December 31, 2018
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

Patents	$	1,368.5	$	(465.1)	$	903.4	$	1,376.4	$	(407.1)	$	969.3
Tradenames and trademarks	79.9		(63.3)		16.6		81.1		(62.5)		18.6
Licensing agreements	36.0		(27.1)		8.9		36.1		(26.3)		9.8
Customer relationships	1,078.1		(367.2)		710.9		1,085.3		(334.4)		750.9
Total definite-lived	$	2,562.5	$	(922.7)	$	1,639.8	$	2,578.9	$	(830.3)	$	1,748.6

Indefinite-lived tradenames and trademarks	$	656.1	$	—	$	656.1	$	671.7	$	—	$	671.7

Total identifiable intangible assets	$	3,218.6	$	(922.7)	$	2,295.9	$	3,250.6	$	(830.3)	$	2,420.3