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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Asset Disclosure [Abstract]  
Schedule of Goodwill
(In millions)AgricultureCrop ProtectionSeedTotal
Balance as of December 31, 2018$10,193 $— $— $10,193 
Currency translation adjustment(28)— — (28)
Other goodwill adjustments and acquisitions1
14 — — 14 
Realignment of segments(10,179)4,726 5,453 — 
Balance as of June 1, 2019$— $4,726 $5,453 $10,179 
Currency translation adjustment— 28 32 60 
Other goodwill adjustments and acquisitions2
— (11)(10)
Balance as of December 31, 2019— 4,743 5,486 10,229 
Currency translation adjustment— 31 38 69 
Other goodwill adjustments and acquisitions2
— (29)— (29)
Balance as of December 31, 2020$— $4,745 $5,524 $10,269 
1.Primarily consists of the acquisition of a distributor in Greece.
2.Primarily consists of the goodwill included in the sale of businesses in the crop protection segment.
Other Intangible Assets
(In millions)December 31, 2020December 31, 2019
 GrossAccumulated
Amortization
NetGrossAccumulated
Amortization
Net
Intangible assets subject to amortization (Definite-lived):
      
Germplasm1
$6,265 $(317)$5,948 $6,265 $(63)$6,202 
Customer-related
1,984 (380)1,604 1,977 (268)1,709 
Developed technology1,451 (525)926 1,463 (370)1,093 
Trademarks/trade names2
2,019 (99)1,920 166 (86)80 
Favorable supply contracts
475 (302)173 475 (207)268 
Other3
405 (239)166 404 (213)191 
Total other intangible assets with finite lives
12,599 (1,862)10,737 10,750 (1,207)9,543 
Intangible assets not subject to amortization (Indefinite-lived):
      
IPR&D10 — 10 10 — 10 
Trade name2
1,871 — 1,871 
Total other intangible assets
10 — 10 1,881 — 1,881 
Total$12,609 $(1,862)$10,747 $12,631 $(1,207)$11,424 
1.Beginning on October, 1, 2019, the company changed its indefinite life assertion of germplasm assets to definite lived with a useful life of 25 years. The change is a result of a more focused development effort of new seed products coupled with an intent to out license select germplasm on a nonexclusive basis. Prior to changing the useful life of the germplasm assets, the company tested the assets for impairment under ASC 350 - Intangibles, Goodwill and Other, concluding the assets were not impaired. The increase in accumulated amortization for the year ended December 31, 2020 when compared to the year ended December 31, 2019 is due to 2020 including a full year of amortization of germplasm assets.
2.Beginning on October 1, 2020, the company changed its indefinite life assertion of its trade name asset to definite lived with a useful life of 25 years. This change is the result of the launch of BrevantTM seed in the retail channel in the U.S. Prior to changing the useful life of the trade name asset, the company tested the asset for impairment under ASC 350 - Intangibles, Goodwill and Other, concluding the asset was not impaired.
3.Primarily consists of sales and farmer networks, marketing and manufacturing alliances and noncompetition agreements.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
(In millions)
2021$720 
2022$698 
2023$619 
2024$605 
2025$569