XML 109 R20.htm IDEA: XBRL DOCUMENT v3.20.1
Other Intangible Assets
 3 Months Ended
Mar. 31, 2020
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)
March 31, 2020
December 31, 2019
March 31, 2019
 
Gross
Accumulated
Amortization
Net
Gross
Accumulated
Amortization
Net
Gross
Accumulated
Amortization
Net
Intangible assets subject to amortization (Definite-lived):
 

 

 

 

 

 

 
 
 
Germplasm1
$
6,265

$
(126
)
$
6,139

$
6,265

$
(63
)
$
6,202

 
 
 
Customer-related
1,956

(293
)
1,663

1,977

(268
)
1,709

$
1,977

$
(182
)
$
1,795

Developed technology
1,463

(409
)
1,054

1,463

(370
)
1,093

1,411

(202
)
1,209

Trademarks/trade names
166

(88
)
78

166

(86
)
80

172

(86
)
86

Favorable supply contracts
475

(231
)
244

475

(207
)
268

475

(135
)
340

Other2
400

(218
)
182

404

(213
)
191

530

(289
)
241

Total other intangible assets with finite lives
10,725

(1,365
)
9,360

10,750

(1,207
)
9,543

4,565

(894
)
3,671

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

 

 

 

 

 

 
 
 
IPR&D
10

—

10

10

—

10

146

—

146

Germplasm1
 
 
 
 
 
 
6,265

—

6,265

Trademarks / trade names
1,871

—

1,871

1,871

—

1,871

1,871

—

1,871

Other
—

—

—

—

—

—

8

—

8

Total other intangible assets
1,881

—

1,881

1,881

—

1,881

8,290

—

8,290

Total
$
12,606

$
(1,365
)
$
11,241

$
12,631

$
(1,207
)
$
11,424

$
12,855

$
(894
)
$
11,961


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. 
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 $163 million and $101 million for the three months ended March 31, 2020 and 2019, respectively. The estimated aggregate pre-tax amortization expense from continuing operations for the remainder of 2020 and each of the next five years is approximately $495 million, $649 million, $628 million, $546 million, $532 million and $495 million, respectively.