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Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2011
Goodwill and Other Intangible Assets [Abstract]  
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets
 
The following table summarizes changes in the carrying amount of goodwill for the six month period ended June 30, 2011, by reportable segment. Changes in goodwill during the six month period ended June 30, 2011 primarily relate to the goodwill associated with the Danisco acquisition (see Note 2). 


 
 
June 30, 2011
 
Goodwill Adjustments and Acquisitions
 
December 31, 2010
Agriculture
 
$
234


 
$
6


 
$
228


Electronics & Communications
 
117


 


 
117


Industrial Biosciences
 
914


 
914


 


Nutrition & Health
 
2,437


 
2,013


 
424


Performance Chemicals
 
185


 


 
185


Performance Coatings
 
809


 


 
809


Performance Materials
 
410


 


 
410


Safety & Protection
 
444


 


 
444


Total
 
$
5,550


 
$
2,933


 
$
2,617






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


 
June 30, 2011
 
December 31, 2010
 
Gross
 
Accumulated
Amortization
 
Net
 
Gross
 
Accumulated
Amortization
 
Net
Intangible assets subject to amortization
  (Definite-lived):
 


 
 


 
 


 
 


 
 


 
 


Customer lists
$
1,966


 
$
(189
)
 
$
1,777


 
$
525


 
$
(160
)
 
$
365


Patents
535


 
(49
)
 
486


 
118


 
(44
)
 
74


Purchased and licensed technology
1,638


 
(842
)
 
796


 
1,617


 
(765
)
 
852


Trademarks
57


 
(24
)
 
33


 
57


 
(22
)
 
35


Other 1
367


 
(178
)
 
189


 
333


 
(163
)
 
170


 
4,563


 
(1,282
)
 
3,281


 
2,650


 
(1,154
)
 
1,496


 
 
 
 
 
 
 
 
 
 
 
 
Intangible assets not subject to
 amortization (Indefinite-lived):
 


 
 


 
 


 
 


 
 


 
 


In-process research and development
72


 


 
72


 


 


 


Microbial cell factories 2
306


 


 
306


 


 


 


Pioneer germplasm 3
975


 


 
975


 
975


 


 
975


Trademarks/tradenames
860


 


 
860


 
233


 


 
233


 
2,213


 


 
2,213


 
1,208


 


 
1,208


Total
$
6,776


 
$
(1,282
)
 
$
5,494


 
$
3,858


 
$
(1,154
)
 
$
2,704


_________________________________
    Primarily consists of sales and grower networks, marketing and manufacturing alliances and noncompetition agreements.
    Microbial cell factories, derived from natural microbes, are used to sustainably produce enzymes, peptides and chemicals using natural metabolic processes. The company recognized the microbial cell factories as an intangible asset upon the acquisition of Danisco. 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.
3     Pioneer 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 for definite-lived intangible assets was $70 and $137 for the three and six month periods ended June 30, 2011, respectively, and $52 and $110 for the three and six month periods ended June 30, 2010, respectively.  The estimated aggregate pre-tax amortization expense for 2011 and each of the next five years is approximately $283, $332, $331, $320, $288 and $200. Estimated aggregate pre-tax amortization expense includes approximately $115 of amortization expense in each of the next five years related to definite-lived intangible assets acquired as part of the Danisco transaction.