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Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2021

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, 2020																					$	1,468.9
Foreign currency and other adjustments																					(2.5)
Balance, March 31, 2021																					$	1,466.4

Schedule of finite-lived intangible assets

Our intangible assets, other than goodwill, consist of the following:

			March 31, 2021																		December 31, 2020
(in Millions)			Gross						Accumulated Amortization						Net						Gross						Accumulated Amortization						Net
Intangible assets subject to amortization (finite-lived)
Customer relationships			$	1,156.6					$	(261.0)					$	895.6					$	1,169.4					$	(249.7)					$	919.7
Patents			1.8						(1.2)						0.6						1.9						(1.2)						0.7
Brands (1)			17.6						(9.2)						8.4						18.3						(8.9)						9.4
Purchased and licensed technologies			60.9						(38.8)						22.1						61.1						(38.1)						23.0
Other intangibles			2.5						(1.8)						0.7						3.4						(2.6)						0.8
			$	1,239.4					$	(312.0)					$	927.4					$	1,254.1					$	(300.5)					$	953.6

Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (2)			$	1,259.1											$	1,259.1					$	1,259.1											$	1,259.1
Brands (1)			397.0												397.0						412.5												412.5
			$	1,656.1											$	1,656.1					$	1,671.6											$	1,671.6
Total intangible assets			$	2,895.5					$	(312.0)					$	2,583.5					$	2,925.7					$	(300.5)					$	2,625.2

____________________ 

(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

Our intangible assets, other than goodwill, consist of the following:

			March 31, 2021																		December 31, 2020
(in Millions)			Gross						Accumulated Amortization						Net						Gross						Accumulated Amortization						Net
Intangible assets subject to amortization (finite-lived)
Customer relationships			$	1,156.6					$	(261.0)					$	895.6					$	1,169.4					$	(249.7)					$	919.7
Patents			1.8						(1.2)						0.6						1.9						(1.2)						0.7
Brands (1)			17.6						(9.2)						8.4						18.3						(8.9)						9.4
Purchased and licensed technologies			60.9						(38.8)						22.1						61.1						(38.1)						23.0
Other intangibles			2.5						(1.8)						0.7						3.4						(2.6)						0.8
			$	1,239.4					$	(312.0)					$	927.4					$	1,254.1					$	(300.5)					$	953.6

Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (2)			$	1,259.1											$	1,259.1					$	1,259.1											$	1,259.1
Brands (1)			397.0												397.0						412.5												412.5
			$	1,656.1											$	1,656.1					$	1,671.6											$	1,671.6
Total intangible assets			$	2,895.5					$	(312.0)					$	2,583.5					$	2,925.7					$	(300.5)					$	2,625.2

____________________ 

(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 finite-lived intangible assets amortization expense

			Three Months Ended March 31,
(in Millions)			2021						2020
Amortization expense			$	15.8					$	15.3

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