XML 46 R34.htm IDEA: XBRL DOCUMENT
v3.19.2

Goodwill and Intangible Assets (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill by business segment | The changes in the carrying amount of goodwill are presented in the table below:
(in Millions) | Total
Balance, December 31, 2018 | $ | 1,468.1 |
Foreign currency and other adjustments | 2.6 |
Balance, June 30, 2019 | $ | 1,470.7 |
Schedule of finite-lived intangible assets | Our intangible assets, other than goodwill, consist of the following:
| June 30, 2019 |  | December 31, 2018
(in Millions) | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Intangible assets subject to amortization (finite-lived)
Customer relationships | $ | 1,146.0 |  |  | $ | (157.4 | ) |  | $ | 988.6 |  |  | $ | 1,146.2 |  |  | $ | (128.7 | ) |  | $ | 1,017.5 |
Patents | 1.7 |  |  | (0.9 | ) |  | 0.8 |  |  | 1.7 |  |  | (0.8 | ) |  | 0.9 |
Brands (1) (2) | 17.9 |  |  | (7.2 | ) |  | 10.7 |  |  | 17.0 |  |  | (5.9 | ) |  | 11.1 |
Purchased and licensed technologies | 60.6 |  |  | (33.5 | ) |  | 27.1 |  |  | 61.3 |  |  | (32.1 | ) |  | 29.2 |
Other intangibles | 1.9 |  |  | (1.8 | ) |  | 0.1 |  |  | 1.9 |  |  | (1.8 | ) |  | 0.1 |
| $ | 1,228.1 |  |  | $ | (200.8 | ) |  | $ | 1,027.3 |  |  | $ | 1,228.1 |  |  | $ | (169.3 | ) |  | $ | 1,058.8 |
Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (3) | $ | 1,259.1 |  |  |  |  | $ | 1,259.1 |  |  | $ | 1,259.1 |  |  |  |  | $ | 1,259.1 |
Brands (1) (2) | 385.0 |  |  |  |  | 385.0 |  |  | 384.8 |  |  |  |  | 384.8 |
In-process research & development | 0.7 |  |  |  |  | 0.7 |  |  | 0.7 |  |  |  |  | 0.7 |
| $ | 1,644.8 |  |  |  |  | $ | 1,644.8 |  |  | $ | 1,644.6 |  |  |  |  | $ | 1,644.6 |
Total intangible assets | $ | 2,872.9 |  |  | $ | (200.8 | ) |  | $ | 2,672.1 |  |  | $ | 2,872.7 |  |  | $ | (169.3 | ) |  | $ | 2,703.4 |
____________________
(1) | Represents trademarks, trade names and know-how.
(2) | The majority of the Brands relate to our proprietary brand portfolios acquired from the Cheminova acquisition.
(3) | Represents the proprietary brand portfolios, consisting of trademarks, trade names and know-how, acquired from the DuPont Crop Protection Business Acquisition.
Schedule of indefinite-lived intangible assets | Our intangible assets, other than goodwill, consist of the following:
| June 30, 2019 |  | December 31, 2018
(in Millions) | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Intangible assets subject to amortization (finite-lived)
Customer relationships | $ | 1,146.0 |  |  | $ | (157.4 | ) |  | $ | 988.6 |  |  | $ | 1,146.2 |  |  | $ | (128.7 | ) |  | $ | 1,017.5 |
Patents | 1.7 |  |  | (0.9 | ) |  | 0.8 |  |  | 1.7 |  |  | (0.8 | ) |  | 0.9 |
Brands (1) (2) | 17.9 |  |  | (7.2 | ) |  | 10.7 |  |  | 17.0 |  |  | (5.9 | ) |  | 11.1 |
Purchased and licensed technologies | 60.6 |  |  | (33.5 | ) |  | 27.1 |  |  | 61.3 |  |  | (32.1 | ) |  | 29.2 |
Other intangibles | 1.9 |  |  | (1.8 | ) |  | 0.1 |  |  | 1.9 |  |  | (1.8 | ) |  | 0.1 |
| $ | 1,228.1 |  |  | $ | (200.8 | ) |  | $ | 1,027.3 |  |  | $ | 1,228.1 |  |  | $ | (169.3 | ) |  | $ | 1,058.8 |
Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (3) | $ | 1,259.1 |  |  |  |  | $ | 1,259.1 |  |  | $ | 1,259.1 |  |  |  |  | $ | 1,259.1 |
Brands (1) (2) | 385.0 |  |  |  |  | 385.0 |  |  | 384.8 |  |  |  |  | 384.8 |
In-process research & development | 0.7 |  |  |  |  | 0.7 |  |  | 0.7 |  |  |  |  | 0.7 |
| $ | 1,644.8 |  |  |  |  | $ | 1,644.8 |  |  | $ | 1,644.6 |  |  |  |  | $ | 1,644.6 |
Total intangible assets | $ | 2,872.9 |  |  | $ | (200.8 | ) |  | $ | 2,672.1 |  |  | $ | 2,872.7 |  |  | $ | (169.3 | ) |  | $ | 2,703.4 |
____________________
(1) | Represents trademarks, trade names and know-how.
(2) | The majority of the Brands relate to our proprietary brand portfolios acquired from the Cheminova acquisition.
(3) Represents the proprietary brand portfolios, consisting of trademarks, trade names and know-how, acquired from the DuPont Crop Protection Business Acquisition.
Schedule of finite-lived intangible assets amortization expense |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in Millions) | 2019 |  | 2018 |  | 2019 |  | 2018
Amortization expense | $ | 15.5 |  |  | $ | 17.6 |  |  | $ | 31.1 |  |  | $ | 31.1 |

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration