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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The following table summarizes changes in the carrying amount of goodwill for the six months ended June 30, 2018:
(In millions) |
Balance as of December 31, 2017 | $ | 45,589 |
Currency translation adjustment | (484 | )
Measurement period adjustments - Merger | 394 |
Measurement period adjustments - H&N Business | 11 |
Balance as of June 30, 2018 | $ | 45,510 |
Other Intangible Assets The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows:
| Successor
(In millions) | June 30, 2018 | December 31, 2017
| Gross | Accumulated Amortization | Net | Gross | Accumulated Amortization | Net
Intangible assets subject to amortization (Definite-lived): |  |  |  |  |  |  |  |  |  |  |  |
Customer-related | $ | 9,412 |  | $ | (469 | ) | $ | 8,943 |  | $ | 9,502 |  | $ | (186 | ) | $ | 9,316 |
Developed technology | 4,497 |  | (390 | ) | 4,107 |  | 4,364 |  | (144 | ) | 4,220 |
Trademarks/trade names | 1,086 |  | (70 | ) | 1,016 |  | 1,117 |  | (26 | ) | 1,091 |
Favorable supply contracts | 475 |  | (64 | ) | 411 |  | 495 |  | (17 | ) | 478 |
Microbial cell factories | 391 |  | (14 | ) | 377 |  | 397 |  | (6 | ) | 391 |
Other 1 | 378 |  | (20 | ) | 358 |  | 459 |  | (10 | ) | 449 |
Total other intangible assets with finite lives | 16,239 |  | (1,027 | ) | 15,212 |  | 16,334 |  | (389 | ) | 15,945 |
Intangible assets not subject to amortization (Indefinite-lived): |  |  |  |  |  |  |  |  |  |  |  |
In-process research and development ("IPR&D") | 630 |  | — |  | 630 |  | 660 |  | — |  | 660 |
Germplasm 2 | 6,265 |  | — |  | 6,265 |  | 6,265 |  | — |  | 6,265 |
Trademarks / trade names | 4,759 |  | — |  | 4,759 |  | 4,856 |  | — |  | 4,856 |
Total other intangible assets | 11,654 |  | — |  | 11,654 |  | 11,781 |  | — |  | 11,781 |
Total | $ | 27,893 |  | $ | (1,027 | ) | $ | 26,866 |  | $ | 28,115 |  | $ | (389 | ) | $ | 27,726 |
1. | Primarily consists of sales and farmer networks, marketing and manufacturing alliances and noncompetition agreements.
2. | Germplasm is the pool of genetic source material and body of knowledge gained from the development and delivery stage of plant breeding. The company recognized germplasm as an intangible asset upon the acquisition of Pioneer. This intangible asset is expected to contribute to cash flows beyond the foreseeable future and there are no legal, regulatory, contractual, or other factors which limit its useful life.
The aggregate pre-tax amortization expense from continuing operations for definite-lived intangible assets was $333 million and $648 million for the three and six months ended June 30, 2018, respectively, and $57 million and $108 million for the three and six months ended June 30, 2017, respectively. The estimated aggregate pre-tax amortization expense from continuing operations for the remainder of 2018 and each of the next five years is approximately $618 million, $1,254 million, $1,244 million, $1,228 million, $1,221 million and $1,207 million, respectively.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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