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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2022
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 by segment for the years ended December 31, 2023 and 2024, respectively.
(In millions) |  | Crop Protection | Seed | Total
Balance as of December 31, 2022 |  | $ | 4,618 |  | $ | 5,344 |  | $ | 9,962 |
Acquisitions 1 |  | 512 |  | — |  | 512 |
Currency translation adjustment |  | 53 |  | 78 |  | 131 |
Balance as of December 31, 2023 |  | $ | 5,183 |  | $ | 5,422 |  | $ | 10,605 |
Currency translation adjustment |  | (139) |  | (96) |  | (235) |
Other goodwill adjustments 2 |  | 38 |  | — |  | 38 |
Balance as of December 31, 2024 |  | $ | 5,082 |  | $ | 5,326 |  | $ | 10,408 |
1.On March 1, 2023, the company completed the acquisitions of Stoller and Symborg, which are included in the Crop Protection segment. See Note 4 – Business Combinations, to the Consolidated Financial Statements, for additional information. 2.Includes measurement period adjustments related to the acquisitions of Stoller and Symborg, which were not material. The company performed annual qualitative testing on all of its reporting units in 2024 and quantitative testing on all of its reporting units in 2023, determining that no goodwill impairments existed in either year. As of December 31, 2024, accumulated impairment losses on goodwill were $4,503 million. Other Intangible Assets The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows:
(In millions) | December 31, 2024 | December 31, 2023 1
| Gross | Accumulated Amortization | Net | Gross | Accumulated Amortization | Net
Intangible assets subject to amortization (finite-lived): |  |  |  |  |  |
Germplasm | $ | 6,291 |  | $ | (1,336) |  | $ | 4,955 |  | $ | 6,291 |  | $ | (1,081) |  | $ | 5,210 |
Customer-related | 2,350 |  | (863) |  | 1,487 |  | 2,427 |  | (734) |  | 1,693 |
Developed technology | 1,838 |  | (1,161) |  | 677 |  | 1,849 |  | (1,004) |  | 845 |
Trademarks/trade names | 2,056 |  | (380) |  | 1,676 |  | 2,111 |  | (339) |  | 1,772 |
Other 2 | 388 |  | (312) |  | 76 |  | 395 |  | (294) |  | 101 |
Total other intangible assets with finite lives | $ | 12,923 |  | $ | (4,052) |  | $ | 8,871 |  | $ | 13,073 |  | $ | (3,452) |  | $ | 9,621 |
Intangible assets not subject to amortization (indefinite-lived): |  |  |  |  |  |
In-process research and development | 5 |  | — |  | 5 |  | 5 |  | — |  | 5 |
Total other intangible assets with indefinite lives | 5 |  | — |  | 5 |  | 5 |  | — |  | 5 |
Total other intangible assets | $ | 12,928 |  | $ | (4,052) |  | $ | 8,876 |  | $ | 13,078 |  | $ | (3,452) |  | $ | 9,626 |
1.Includes the intangible assets acquired in connection with the Stoller and Symborg acquisitions, which were completed on March 1, 2023. See Note 4 – Business Combinations, to the Consolidated Financial Statements, for additional information. 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 finite-lived intangible assets was $685 million, $683 million, and $702 million, for the years ended December 31, 2024, 2023, and 2022, respectively. Total estimated amortization expense for the next five fiscal years is as follows:
(In millions) |
2025 | $ | 641 |
2026 | 631 |
2027 | 570 |
2028 | 549 |
2029 | 526 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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