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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combinations [Abstract] |
Schedule of Acquisition Costs | The following table summarizes the consideration paid for the BioPhero acquisition and the amounts of the assets acquired and liabilities assumed as of the acquisition date, which have been allocated on a preliminary basis.
Preliminary Purchase Price Allocation as of July 19, 2022
(in Millions) |
Fair Value of Assets Acquired |
Cash | $ | 10.0 |
Intangible assets |
Developed Technology (1) | 66.3 |
In-process research & development | 10.5 |
Goodwill | 130.7 |
Other Assets | 3.4 |
Total Assets | $ | 220.9 |
Fair Value of Liabilities Assumed |
Deferred income tax liabilities | $ | 16.6 |
Other Liabilities | 1.1 |
Total Liabilities | 17.7 |
Net Assets | $ | 203.2 |
Total Purchase Consideration: | Amount
Cash purchase price, net of acquired cash | $ | 193.2 |
____________________ |
(1) Expected life is 15 years and will be amortized based on the pattern of economic benefit |
The following table summarizes the costs incurred associated with these activities:
| Year Ended December 31,
(in Millions) | 2022 |  | 2021 |  | 2020
DuPont Crop Protection Business Acquisition |  |  |  |  |
Legal and professional fees (1) | $ | — |  |  | $ | 0.4 |  |  | $ | 53.3 |
Total transaction-related charges | $ | — |  |  | $ | 0.4 |  |  | $ | 53.3 |
Restructuring charges |  |  |  |  |
DuPont Crop restructuring (2) | $ | (48.7) |  |  | $ | 16.7 |  |  | $ | 40.2 |
Total restructuring charges | $ | (48.7) |  |  | $ | 16.7 |  |  | $ | 40.2 |
____________________ (1)Represents transaction costs, costs for transitional employees, other acquired employees related costs, and transactional-related costs such as legal and professional third-party fees. These charges are recorded as a component of "Selling, general and administrative expense" on the consolidated statements of income (loss). (2)See Note 9 to the consolidated financial statements included within this Form 10-K for more information. These charges are recorded as a component of "Restructuring and other charges (income)" on the consolidated statements of income (loss). Amounts for the year ended December 31, 2022 include a gain of $50.5 million recognized on the disposition of land related to a closed manufacturing facility.
Summary of Consideration Paid and Assets Acquired and Liabilities Assumed |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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