XML 31 R20.htm IDEA: XBRL DOCUMENT v3.20.2
Other Intangible Assets
 6 Months Ended
Jun. 30, 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)
June 30, 2020
December 31, 2019
June 30, 2019
 
Gross
Accumulated
Amortization
Net
Gross
Accumulated
Amortization
Net
Gross
Accumulated
Amortization
Net
Intangible assets subject to amortization (Definite-lived):
 

 

 

 

 

 

 
 
 
Germplasm1
$
6,265

$
(190
)
$
6,075

$
6,265

$
(63
)
$
6,202

 
 
 
Customer-related
1,961

(322
)
1,639

1,977

(268
)
1,709

$
1,981

$
(211
)
$
1,770

Developed technology
1,463

(462
)
1,001

1,463

(370
)
1,093

1,467

(297
)
1,170

Trademarks/trade names
161

(85
)
76

166

(86
)
80

166

(83
)
83

Favorable supply contracts
475

(255
)
220

475

(207
)
268

475

(159
)
316

Other2
405

(227
)
178

404

(213
)
191

429

(218
)
211

Total other intangible assets with finite lives
10,730

(1,541
)
9,189

10,750

(1,207
)
9,543

4,518

(968
)
3,550

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

 

 

 

 

 

 
 
 
IPR&D
10

—

10

10

—

10

146

—

146

Germplasm1
 
 
 
 
 
 
6,265

—

6,265

Tradename
1,871

—

1,871

1,871

—

1,871

1,871

—

1,871

Total other intangible assets
1,881

—

1,881

1,881

—

1,881

8,282

—

8,282

Total
$
12,611

$
(1,541
)
$
11,070

$
12,631

$
(1,207
)
$
11,424

$
12,800

$
(968
)
$
11,832


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 $176 million and $339 million for the three and six months ended June 30, 2020, respectively, and $113 million and $214 million for the three and six months ended June 30, 2019, respectively. The current estimated aggregate pre-tax amortization expense from continuing operations for the remainder of 2020 and each of the next five years is approximately $322 million, $644 million, $622 million, $543 million, $529 million and $492 million, respectively.