XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.23.1

Goodwill and Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The changes in the carrying amount of goodwill are presented in the table below:
(in Millions) |  |  |  |  |  |  | Total
Balance, December 31, 2022 |  |  |  |  |  |  | $ | 1,589.3 |
Foreign currency and other adjustments |  |  |  |  |  |  | 2.7 |
Balance, March 31, 2023 |  |  |  |  |  |  | $ | 1,592.0 |
There were no events or circumstances indicating that goodwill might be impaired as of March 31, 2023. Our intangible assets, other than goodwill, consist of the following:
| March 31, 2023 |  | December 31, 2022
(in Millions) | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Intangible assets subject to amortization (finite-lived)
Customer relationships | $ | 1,131.6 |  |  | $ | (366.9) |  |  | $ | 764.7 |  |  | $ | 1,127.9 |  |  | $ | (351.3) |  |  | $ | 776.6 |
Patents | 1.7 |  |  | (1.4) |  |  | 0.3 |  |  | 1.7 |  |  | (1.4) |  |  | 0.3 |
Brands (1) | 49.1 |  |  | (11.1) |  |  | 38.0 |  |  | 16.1 |  |  | (10.6) |  |  | 5.5 |
Purchased and licensed technologies | 129.5 |  |  | (44.6) |  |  | 84.9 |  |  | 128.4 |  |  | (42.9) |  |  | 85.5 |
Other intangibles | 2.4 |  |  | (1.7) |  |  | 0.7 |  |  | 1.8 |  |  | (1.7) |  |  | 0.1 |
| $ | 1,314.3 |  |  | $ | (425.7) |  |  | $ | 888.6 |  |  | $ | 1,275.9 |  |  | $ | (407.9) |  |  | $ | 868.0 |
Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (2) | $ | 1,259.0 |  |  |  |  | $ | 1,259.0 |  |  | $ | 1,259.0 |  |  |  |  | $ | 1,259.0 |
Brands (1) | 341.3 |  |  |  |  | 341.3 |  |  | 370.1 |  |  |  |  | 370.1 |
In-process research & development | 11.2 |  |  |  |  | 11.2 |  |  | 11.0 |  |  |  |  | 11.0 |
| $ | 1,611.5 |  |  |  |  | $ | 1,611.5 |  |  | $ | 1,640.1 |  |  |  |  | $ | 1,640.1 |
Total intangible assets | $ | 2,925.8 |  |  | $ | (425.7) |  |  | $ | 2,500.1 |  |  | $ | 2,916.0 |  |  | $ | (407.9) |  |  | $ | 2,508.1 |
____________________ (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 March 31, |  |
(in Millions) | 2023 |  | 2022 |  |  |  |
Amortization expense | $ | 16.0 |  |  | $ | 15.4 |  |  |  |  |
The full year estimated pre-tax amortization expense for the year ended December 31, 2023 and each of the succeeding five years is approximately $64 million, $63 million, $68 million, $69 million, $69 million, and $70 million, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration