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v3.23.3

Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2023
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, 2022 |  |  |  |  |  |  | $ | 1,589.3 |
Foreign currency adjustments |  |  |  |  |  |  | (4.6) |
Balance, September 30, 2023 |  |  |  |  |  |  | $ | 1,584.7 |
Schedule of finite-lived intangible assets | Our intangible assets, other than goodwill, consist of the following:
| September 30, 2023 |  | December 31, 2022
(in Millions) | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Intangible assets subject to amortization (finite-lived)
Customer relationships | $ | 1,123.7 |  |  | $ | (393.8) |  |  | $ | 729.9 |  |  | $ | 1,127.9 |  |  | $ | (351.3) |  |  | $ | 776.6 |
Patents | 1.8 |  |  | (1.5) |  |  | 0.3 |  |  | 1.7 |  |  | (1.4) |  |  | 0.3 |
Brands (1) | 48.6 |  |  | (11.9) |  |  | 36.7 |  |  | 16.1 |  |  | (10.6) |  |  | 5.5 |
Purchased and licensed technologies | 127.2 |  |  | (45.0) |  |  | 82.2 |  |  | 128.4 |  |  | (42.9) |  |  | 85.5 |
Other intangibles | 2.3 |  |  | (1.8) |  |  | 0.5 |  |  | 1.8 |  |  | (1.7) |  |  | 0.1 |
| $ | 1,303.6 |  |  | $ | (454.0) |  |  | $ | 849.6 |  |  | $ | 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) | 333.7 |  |  |  |  | 333.7 |  |  | 370.1 |  |  |  |  | 370.1 |
In-process research & development | 10.8 |  |  |  |  | 10.8 |  |  | 11.0 |  |  |  |  | 11.0 |
| $ | 1,603.5 |  |  |  |  | $ | 1,603.5 |  |  | $ | 1,640.1 |  |  |  |  | $ | 1,640.1 |
Total intangible assets | $ | 2,907.1 |  |  | $ | (454.0) |  |  | $ | 2,453.1 |  |  | $ | 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.
Schedule of indefinite-lived intangible assets | Our intangible assets, other than goodwill, consist of the following:
| September 30, 2023 |  | December 31, 2022
(in Millions) | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Intangible assets subject to amortization (finite-lived)
Customer relationships | $ | 1,123.7 |  |  | $ | (393.8) |  |  | $ | 729.9 |  |  | $ | 1,127.9 |  |  | $ | (351.3) |  |  | $ | 776.6 |
Patents | 1.8 |  |  | (1.5) |  |  | 0.3 |  |  | 1.7 |  |  | (1.4) |  |  | 0.3 |
Brands (1) | 48.6 |  |  | (11.9) |  |  | 36.7 |  |  | 16.1 |  |  | (10.6) |  |  | 5.5 |
Purchased and licensed technologies | 127.2 |  |  | (45.0) |  |  | 82.2 |  |  | 128.4 |  |  | (42.9) |  |  | 85.5 |
Other intangibles | 2.3 |  |  | (1.8) |  |  | 0.5 |  |  | 1.8 |  |  | (1.7) |  |  | 0.1 |
| $ | 1,303.6 |  |  | $ | (454.0) |  |  | $ | 849.6 |  |  | $ | 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) | 333.7 |  |  |  |  | 333.7 |  |  | 370.1 |  |  |  |  | 370.1 |
In-process research & development | 10.8 |  |  |  |  | 10.8 |  |  | 11.0 |  |  |  |  | 11.0 |
| $ | 1,603.5 |  |  |  |  | $ | 1,603.5 |  |  | $ | 1,640.1 |  |  |  |  | $ | 1,640.1 |
Total intangible assets | $ | 2,907.1 |  |  | $ | (454.0) |  |  | $ | 2,453.1 |  |  | $ | 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.
Schedule of finite-lived intangible assets amortization expense |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in Millions) | 2023 |  | 2022 |  | 2023 |  | 2022
Amortization expense | $ | 16.2 |  |  | $ | 15.0 |  |  | $ | 48.3 |  |  | $ | 45.7 |

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