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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 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 |  |  |  |  |  |  | (7.5) |
Balance, June 30, 2022 |  |  |  |  |  |  | $ | 1,455.8 |
Schedule of finite-lived intangible assets | Our intangible assets, other than goodwill, consist of the following:
| June 30, 2022 |  | December 31, 2021
(in Millions) | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Intangible assets subject to amortization (finite-lived)
Customer relationships | $ | 1,121.9 |  |  | $ | (320.9) |  |  | $ | 801.0 |  |  | $ | 1,147.1 |  |  | $ | (301.3) |  |  | $ | 845.8 |
Patents | 1.8 |  |  | (1.3) |  |  | 0.5 |  |  | 1.8 |  |  | (1.3) |  |  | 0.5 |
Brands (1) | 15.7 |  |  | (9.8) |  |  | 5.9 |  |  | 17.1 |  |  | (9.9) |  |  | 7.2 |
Purchased and licensed technologies | 58.6 |  |  | (41.3) |  |  | 17.3 |  |  | 60.2 |  |  | (40.7) |  |  | 19.5 |
Other intangibles | 1.8 |  |  | (1.7) |  |  | 0.1 |  |  | 2.3 |  |  | (1.7) |  |  | 0.6 |
| $ | 1,199.8 |  |  | $ | (375.0) |  |  | $ | 824.8 |  |  | $ | 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) | 362.5 |  |  |  |  | 362.5 |  |  | 389.2 |  |  |  |  | 389.2 |
| $ | 1,621.6 |  |  |  |  | $ | 1,621.6 |  |  | $ | 1,648.3 |  |  |  |  | $ | 1,648.3 |
Total intangible assets | $ | 2,821.4 |  |  | $ | (375.0) |  |  | $ | 2,446.4 |  |  | $ | 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:
| June 30, 2022 |  | December 31, 2021
(in Millions) | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Intangible assets subject to amortization (finite-lived)
Customer relationships | $ | 1,121.9 |  |  | $ | (320.9) |  |  | $ | 801.0 |  |  | $ | 1,147.1 |  |  | $ | (301.3) |  |  | $ | 845.8 |
Patents | 1.8 |  |  | (1.3) |  |  | 0.5 |  |  | 1.8 |  |  | (1.3) |  |  | 0.5 |
Brands (1) | 15.7 |  |  | (9.8) |  |  | 5.9 |  |  | 17.1 |  |  | (9.9) |  |  | 7.2 |
Purchased and licensed technologies | 58.6 |  |  | (41.3) |  |  | 17.3 |  |  | 60.2 |  |  | (40.7) |  |  | 19.5 |
Other intangibles | 1.8 |  |  | (1.7) |  |  | 0.1 |  |  | 2.3 |  |  | (1.7) |  |  | 0.6 |
| $ | 1,199.8 |  |  | $ | (375.0) |  |  | $ | 824.8 |  |  | $ | 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) | 362.5 |  |  |  |  | 362.5 |  |  | 389.2 |  |  |  |  | 389.2 |
| $ | 1,621.6 |  |  |  |  | $ | 1,621.6 |  |  | $ | 1,648.3 |  |  |  |  | $ | 1,648.3 |
Total intangible assets | $ | 2,821.4 |  |  | $ | (375.0) |  |  | $ | 2,446.4 |  |  | $ | 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 June 30, |  | Six Months Ended June 30,
(in Millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Amortization expense | $ | 15.3 |  |  | $ | 15.7 |  |  | $ | 30.7 |  |  | $ | 31.5 |

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