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Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 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																					(3.3)
Balance, June 30, 2021																					$	1,465.6

Schedule of finite-lived intangible assets

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

			June 30, 2021																		December 31, 2020
(in Millions)			Gross						Accumulated Amortization						Net						Gross						Accumulated Amortization						Net
Intangible assets subject to amortization (finite-lived)
Customer relationships			$	1,160.1					$	(276.6)					$	883.5					$	1,169.4					$	(249.7)					$	919.7
Patents			1.8						(1.2)						0.6						1.9						(1.2)						0.7
Brands (1)			17.8						(9.7)						8.1						18.3						(8.9)						9.4
Purchased and licensed technologies			61.1						(39.6)						21.5						61.1						(38.1)						23.0
Other intangibles			2.5						(1.8)						0.7						3.4						(2.6)						0.8
			$	1,243.3					$	(328.9)					$	914.4					$	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)			401.3												401.3						412.5												412.5
			$	1,660.4											$	1,660.4					$	1,671.6											$	1,671.6
Total intangible assets			$	2,903.7					$	(328.9)					$	2,574.8					$	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:

			June 30, 2021																		December 31, 2020
(in Millions)			Gross						Accumulated Amortization						Net						Gross						Accumulated Amortization						Net
Intangible assets subject to amortization (finite-lived)
Customer relationships			$	1,160.1					$	(276.6)					$	883.5					$	1,169.4					$	(249.7)					$	919.7
Patents			1.8						(1.2)						0.6						1.9						(1.2)						0.7
Brands (1)			17.8						(9.7)						8.1						18.3						(8.9)						9.4
Purchased and licensed technologies			61.1						(39.6)						21.5						61.1						(38.1)						23.0
Other intangibles			2.5						(1.8)						0.7						3.4						(2.6)						0.8
			$	1,243.3					$	(328.9)					$	914.4					$	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)			401.3												401.3						412.5												412.5
			$	1,660.4											$	1,660.4					$	1,671.6											$	1,671.6
Total intangible assets			$	2,903.7					$	(328.9)					$	2,574.8					$	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 June 30,												Six Months Ended June 30,
(in Millions)			2021						2020						2021						2020
Amortization expense			$	15.7					$	15.3					$	31.5					$	30.6

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