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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2024
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, 2023$1,593.6 
Foreign currency adjustments
(5.7)
Balance, March 31, 2024$1,587.9 
Schedule of Finite-Lived Intangible Assets
Our intangible assets, other than goodwill, consist of the following:
March 31, 2024December 31, 2023
(in Millions)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets subject to amortization (finite-lived)
Customer relationships$1,129.7 $(425.9)$703.8 $1,136.7 $(414.2)$722.5 
Patents1.8 (1.6)0.2 1.8 (1.6)0.2 
Brands (1)
49.0 (13.1)35.9 49.3 (12.9)36.4 
Purchased and licensed technologies129.0 (46.7)82.3 131.1 (46.2)84.9 
Other intangibles2.3 (1.8)0.5 2.3 (1.8)0.5 
$1,311.8 $(489.1)$822.7 $1,321.2 $(476.7)$844.5 
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)
340.1 340.1 350.3 350.3 
In-process research & development11.1 11.1 11.3 11.3 
$1,610.2 $1,610.2 $1,620.6 $1,620.6 
Total intangible assets$2,922.0 $(489.1)$2,432.9 $2,941.8 $(476.7)$2,465.1 
____________________ 
(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:
March 31, 2024December 31, 2023
(in Millions)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets subject to amortization (finite-lived)
Customer relationships$1,129.7 $(425.9)$703.8 $1,136.7 $(414.2)$722.5 
Patents1.8 (1.6)0.2 1.8 (1.6)0.2 
Brands (1)
49.0 (13.1)35.9 49.3 (12.9)36.4 
Purchased and licensed technologies129.0 (46.7)82.3 131.1 (46.2)84.9 
Other intangibles2.3 (1.8)0.5 2.3 (1.8)0.5 
$1,311.8 $(489.1)$822.7 $1,321.2 $(476.7)$844.5 
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)
340.1 340.1 350.3 350.3 
In-process research & development11.1 11.1 11.3 11.3 
$1,610.2 $1,610.2 $1,620.6 $1,620.6 
Total intangible assets$2,922.0 $(489.1)$2,432.9 $2,941.8 $(476.7)$2,465.1 
____________________ 
(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 March 31,
(in Millions)20242023
Amortization expense$16.4 $16.0