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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 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 
GSS allocation to held for sale (See Note 1.)
(77.0)
Foreign currency adjustments
1.2 
Balance, September 30, 2024$1,517.8 
Schedule of Finite-Lived Intangible Assets
Our intangible assets, other than goodwill, consist of the following:
September 30, 2024December 31, 2023
(in Millions)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets subject to amortization (finite-lived)
Customer relationships$1,139.4 $(455.4)$684.0 $1,136.7 $(414.2)$722.5 
Patents1.7 (1.7)— 1.8 (1.6)0.2 
Brands (1)
49.5 (19.0)30.5 49.3 (12.9)36.4 
Purchased and licensed technologies131.9 (48.5)83.4 131.1 (46.2)84.9 
Other intangibles2.4 (1.8)0.6 2.3 (1.8)0.5 
$1,324.9 $(526.4)$798.5 $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)
352.8 352.8 350.3 350.3 
In-process research & development11.4 11.4 11.3 11.3 
$1,623.2 $1,623.2 $1,620.6 $1,620.6 
Total intangible assets$2,948.1 $(526.4)$2,421.7 $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:
September 30, 2024December 31, 2023
(in Millions)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets subject to amortization (finite-lived)
Customer relationships$1,139.4 $(455.4)$684.0 $1,136.7 $(414.2)$722.5 
Patents1.7 (1.7)— 1.8 (1.6)0.2 
Brands (1)
49.5 (19.0)30.5 49.3 (12.9)36.4 
Purchased and licensed technologies131.9 (48.5)83.4 131.1 (46.2)84.9 
Other intangibles2.4 (1.8)0.6 2.3 (1.8)0.5 
$1,324.9 $(526.4)$798.5 $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)
352.8 352.8 350.3 350.3 
In-process research & development11.4 11.4 11.3 11.3 
$1,623.2 $1,623.2 $1,620.6 $1,620.6 
Total intangible assets$2,948.1 $(526.4)$2,421.7 $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 September 30,Nine Months Ended September 30,
(in Millions)2024202320242023
Amortization expense$16.4 $16.2 $49.2 $48.3