XML 98 R39.htm IDEA: XBRL DOCUMENT
v3.20.4

Goodwill and Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in the carrying amount of goodwill for the years ended December 31, 2020 and 2019 are presented in the table below:
(in Millions) |  |  |  |  | Total
Balance, December 31, 2018 |  |  |  |  | $ | 1,468.1 |
Foreign currency and other adjustments |  |  |  |  | (0.6) |
Balance, December 31, 2019 |  |  |  |  | $ | 1,467.5 |
Foreign currency and other adjustments |  |  |  |  | 1.4 |
Balance, December 31, 2020 |  |  |  |  | $ | 1,468.9 |
Schedule of Finite-Lived Intangible Assets | Our intangible assets, other than goodwill, consist of the following:
|  | December 31, 2020 |  | December 31, 2019
(in Millions) | Weighted avg. useful life remaining at December 31, 2020 | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Intangible assets subject to amortization (finite life) |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 16 years | $ | 1,169.4 |  |  | $ | (249.7) |  |  | $ | 919.7 |  |  | $ | 1,139.7 |  |  | $ | (184.7) |  |  | $ | 955.0 |
Patents | 5 years | 1.9 |  |  | (1.2) |  |  | 0.7 |  |  | 1.7 |  |  | (0.9) |  |  | 0.8 |
Brands (1) | 8 years | 18.3 |  |  | (8.9) |  |  | 9.4 |  |  | 16.7 |  |  | (6.7) |  |  | 10.0 |
Purchased and licensed technologies | 9 years | 61.1 |  |  | (38.1) |  |  | 23.0 |  |  | 60.2 |  |  | (35.2) |  |  | 25.0 |
Other intangibles | < 1 year | 3.4 |  |  | (2.6) |  |  | 0.8 |  |  | 1.9 |  |  | (1.8) |  |  | 0.1 |
|  | $ | 1,254.1 |  |  | $ | (300.5) |  |  | $ | 953.6 |  |  | $ | 1,220.2 |  |  | $ | (229.3) |  |  | $ | 990.9 |
Intangible assets not subject to amortization (indefinite life) |  |  |  |  |  |  |  |  |  |  |  |
Crop Protection Brands (2) |  | $ | 1,259.1 |  |  |  |  | $ | 1,259.1 |  |  | $ | 1,259.1 |  |  |  |  | $ | 1,259.1 |
Brands (1) |  | 412.5 |  |  |  |  | 412.5 |  |  | 379.0 |  |  |  |  | 379.0 |
|  | $ | 1,671.6 |  |  |  |  | $ | 1,671.6 |  |  | $ | 1,638.1 |  |  |  |  | $ | 1,638.1 |
Total intangible assets | $ | 2,925.7 |  |  | $ | (300.5) |  |  | $ | 2,625.2 |  |  | $ | 2,858.3 |  |  | $ | (229.3) |  |  | $ | 2,629.0 |
____________________ (1) Represents trademarks, trade names and know-how. (2) Represents proprietary brand portfolios, consisting of trademarks, trade names and know-how, of our crop protection brands.
Schedule of Indefinite-Lived Intangible Assets |
Intangible assets not subject to amortization (indefinite life) |  |  |  |  |  |  |  |  |  |  |  |
Crop Protection Brands (2) |  | $ | 1,259.1 |  |  |  |  | $ | 1,259.1 |  |  | $ | 1,259.1 |  |  |  |  | $ | 1,259.1 |
Brands (1) |  | 412.5 |  |  |  |  | 412.5 |  |  | 379.0 |  |  |  |  | 379.0 |
|  | $ | 1,671.6 |  |  |  |  | $ | 1,671.6 |  |  | $ | 1,638.1 |  |  |  |  | $ | 1,638.1 |
Total intangible assets | $ | 2,925.7 |  |  | $ | (300.5) |  |  | $ | 2,625.2 |  |  | $ | 2,858.3 |  |  | $ | (229.3) |  |  | $ | 2,629.0 |
____________________ (1) Represents trademarks, trade names and know-how. (2) Represents proprietary brand portfolios, consisting of trademarks, trade names and know-how, of our crop protection brands.
Schedule of Amortization Expense |
| Year Ended December 31,
(in Millions) | 2020 |  | 2019 |  | 2018
Amortization expense | $ | 61.9 |  |  | $ | 62.6 |  |  | $ | 62.2 |

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=121556970&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=121556970&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