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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Asset Disclosure [Abstract]  
Schedule of Goodwill
(In millions)
Agriculture
Crop Protection
Seed
Total
Balance as of December 31, 2017
$
14,873

$
—

$
—

$
14,873

Currency translation adjustment
(271
)
—

—

(271
)
Measurement period adjustments - Merger1
94

—

—

94

Goodwill impairment
(4,503
)
—

—

(4,503
)
Balance as of December 31, 2018
$
10,193

$
—

$
—

$
10,193

Currency translation adjustment
(28
)
—

—

(28
)
Other goodwill adjustments and acquisitions2
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 acquisitions3
—

(11
)
1

(10
)
Balance as of December 31, 2019
$
—

$
4,743

$
5,486

$
10,229

1. 
See Note 1 - Background and Basis of Presentation, for further discussion of the Merger.
2. 
Primarily consists of the acquisition of a distributor in Greece.
3. 
Primarily consists of the goodwill included in the sale of a business in crop protection.
Other Intangible Assets
(In millions)
December 31, 2019
December 31, 2018
 
Gross
Accumulated
Amortization
Net
Gross
Accumulated
Amortization
Net
Intangible assets subject to amortization (Definite-lived):
 

 

 

 

 

 

Germplasm1
$
6,265

$
(63
)
$
6,202

 




Customer-related
1,977

(268
)
1,709

1,985

(154
)
1,831

Developed technology2
1,463

(370
)
1,093

974

(163
)
811

Trademarks/trade names
166

(86
)
80

180

(92
)
88

Favorable supply contracts
475

(207
)
268

475

(111
)
364

Other3
404

(213
)
191

538

(300
)
238

Total other intangible assets with finite lives
10,750

(1,207
)
9,543

4,152

(820
)
3,332

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

 

 

 

 

 

IPR&D2
10

—

10

576

—

576

Germplasm1
 
 
 
6,265

—

6,265

Trademarks / trade names
1,871

—

1,871

1,871

—

1,871

Other
—

—

—

11

—

11

Total other intangible assets
1,881

—

1,881

8,723

—

8,723

Total
$
12,631

$
(1,207
)
$
11,424

$
12,875

$
(820
)
$
12,055

1. 
Beginning on October 1, 2019, the company changed its indefinite life assertion of the germplasm assets to definite lived with a useful life of 25 years.  This change is the result of a more focused development effort of new seed products coupled with an intent to out license select germplasm on a non-exclusive 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.
2. 
During the first quarter of 2019, the company announced the launch of its Qrome® corn hybrids following the receipt of regulatory approval from China. As a result, the company reclassified the amounts from indefinite-lived IPR&D to developed technology.
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)
 
2020
$
657

2021
$
649

2022
$
628

2023
$
548

2024
$
532