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Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in Goodwill

The changes in the carrying amount of goodwill are presented in the table below:

(in Millions)																					Total
Balance, December 31, 2021																					$	1,463.3
Foreign currency and other adjustments																					(0.2)
Balance, March 31, 2022																					$	1,463.1

Schedule of finite-lived intangible assets

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

			March 31, 2022																		December 31, 2021
(in Millions)			Gross						Accumulated Amortization						Net						Gross						Accumulated Amortization						Net
Intangible assets subject to amortization (finite-lived)
Customer relationships			$	1,138.6					$	(312.7)					$	825.9					$	1,147.1					$	(301.3)					$	845.8
Patents			1.8						(1.3)						0.5						1.8						(1.3)						0.5
Brands (1)			16.5						(10.0)						6.5						17.1						(9.9)						7.2
Purchased and licensed technologies			59.8						(41.1)						18.7						60.2						(40.7)						19.5
Other intangibles			2.3						(1.8)						0.5						2.3						(1.7)						0.6
			$	1,219.0					$	(366.9)					$	852.1					$	1,228.5					$	(354.9)					$	873.6

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)			380.3												380.3						389.2												389.2
			$	1,639.4											$	1,639.4					$	1,648.3											$	1,648.3
Total intangible assets			$	2,858.4					$	(366.9)					$	2,491.5					$	2,876.8					$	(354.9)					$	2,521.9

____________________ 

(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, 2022																		December 31, 2021
(in Millions)			Gross						Accumulated Amortization						Net						Gross						Accumulated Amortization						Net
Intangible assets subject to amortization (finite-lived)
Customer relationships			$	1,138.6					$	(312.7)					$	825.9					$	1,147.1					$	(301.3)					$	845.8
Patents			1.8						(1.3)						0.5						1.8						(1.3)						0.5
Brands (1)			16.5						(10.0)						6.5						17.1						(9.9)						7.2
Purchased and licensed technologies			59.8						(41.1)						18.7						60.2						(40.7)						19.5
Other intangibles			2.3						(1.8)						0.5						2.3						(1.7)						0.6
			$	1,219.0					$	(366.9)					$	852.1					$	1,228.5					$	(354.9)					$	873.6

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)			380.3												380.3						389.2												389.2
			$	1,639.4											$	1,639.4					$	1,648.3											$	1,648.3
Total intangible assets			$	2,858.4					$	(366.9)					$	2,491.5					$	2,876.8					$	(354.9)					$	2,521.9

____________________ 

(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)			2022						2021
Amortization expense			$	15.4					$	15.8

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
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-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 3
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