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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract] |
Goodwill and Intangible Assets | GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of goodwill by business segment were as follows:
(In millions) | Protein Solutions |  | Prepared Food and Beverage Solutions |  | Total
Balance as of December 31, 2025 | $ | 2,306 |  |  | $ | 1,122 |  |  | $ | 3,428 |
Currency translation | (30) |  |  | (13) |  |  | (43) |
Balance as of June 30, 2026 | $ | 2,276 |  |  | $ | 1,109 |  |  | $ | 3,385 |
Intangible assets consisted of the following:
| June 30, 2026 |  | December 31, 2025
(In millions) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount |  | Accumulated Amortization
Customer relationship | $ | 1,625 |  |  | $ | 322 |  |  | $ | 1,691 |  |  | $ | 285 |
Patents and acquired technology | 560 |  |  | 168 |  |  | 590 |  |  | 165 |
Trademarks | 305 |  |  | 39 |  |  | 313 |  |  | 34 |
Non-amortizing intangible assets | 11 |  |  | — |  |  | 11 |  |  | — |
Other | 11 |  |  | 11 |  |  | 11 |  |  | 10 |
Total intangible assets | $ | 2,512 |  |  | $ | 540 |  |  | $ | 2,616 |  |  | $ | 494 |
Intangible asset amortization expense was $39 million and $48 million for the three months ended June 30, 2026 and 2025, respectively, and $78 million and $87 million for the six months ended June 30, 2026 and 2025, respectively. During the three months ended June 30, 2026, the Company recorded a $33 million impairment charge related to acquired intangible assets within the Protein Solutions segment, consisting of $27 million related to customer relationships and $6 million related to patents and acquired technology. The impairment charge was recorded within Selling, general and administrative expenses. The impairment resulted from updated business forecasts for the affected operation. The impairment fully impaired the related acquired intangible assets and is not expected to materially affect the Company's future operating results.

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- Definition The entire disclosure for intangible asset. Includes, but is not limited to, finite- and indefinite-lived intangible assets, capitalized cost for internal-use software and software to be sold, leased, or marketed. Excludes goodwill. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(15)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
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