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