Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

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

There were no events or circumstances indicating that goodwill might be impaired as of June 30, 2022.

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.


	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

The full year estimated pre-tax amortization expense for the year ended December 31, 2022 and each of the succeeding five years is approximately $61 million, $60 million, $59 million, $59 million, $59 million, and $58 million, respectively.