Other Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

OTHER INTANGIBLE ASSETS

The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows:


(In millions)	June 30, 2021						December 31, 2020						June 30, 2020
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets subject to amortization (Definite-lived):
Germplasm	$	6,265	$	(444)	$	5,821	$	6,265	$	(317)	$	5,948	$	6,265	$	(190)	$	6,075
Customer-related	1,966		(434)		1,532		1,984		(380)		1,604		1,961		(322)		1,639
Developed technology	1,485		(603)		882		1,451		(525)		926		1,463		(462)		1,001
Trademarks/trade names1	2,013		(132)		1,881		2,019		(99)		1,920		161		(85)		76
Favorable supply contracts	475		(349)		126		475		(302)		173		475		(255)		220
Other2	404		(243)		161		405		(239)		166		405		(227)		178
Total other intangible assets with finite lives	12,608		(2,205)		10,403		12,599		(1,862)		10,737		10,730		(1,541)		9,189

Intangible assets not subject to amortization (Indefinite-lived):
IPR&D	10		—		10		10		—		10		10		—		10
Trade name1													1,871		—		1,871

Total other intangible assets	10		—		10		10		—		10		1,881		—		1,881
Total	$	12,618	$	(2,205)	$	10,413	$	12,609	$	(1,862)	$	10,747	$	12,611	$	(1,541)	$	11,070

1.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 the impairment under ASC 350- Intangibles, Goodwill and Other, concluding the asset was not impaired.

2.Primarily consists of sales and farmer networks, marketing and manufacturing alliances and noncompetition agreements.

The aggregate pre-tax amortization expense from continuing operations for definite-lived intangible assets was $180 million and $363 million for the three and six months ended June 30, 2021, respectively, and $176 million and $339 million for the three and six months ended June 30, 2020, respectively. The current estimated aggregate pre-tax amortization expense from continuing operations for the remainder of 2021 and each of the next five years is approximately $358 million, $701 million, $621 million, $607 million, $570 million and $559 million, respectively.