Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Asset Disclosure [Abstract]


(In millions)	Crop Protection		Seed		Total
Balance as of December 31, 2019	$	4,743	$	5,486	$	10,229
Currency translation adjustment	31		38		69
Other goodwill adjustments and acquisitions1	(29)		—		(29)
Balance as of December 31, 2020	$	4,745	$	5,524	$	10,269
Currency translation adjustment	(73)		(87)		(160)
Other goodwill adjustments and acquisitions2	—		(2)		(2)
Balance as of December 31, 2021	$	4,672	$	5,435	$	10,107

1.Primarily consists of the goodwill included in the sale of businesses in the crop protection segment.

2.Consists of the goodwill included in the sale of a business in the seed segment.

Other Intangible Assets


(In millions)	December 31, 2021						December 31, 2020
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets subject to amortization (Definite-lived):
Germplasm	$	6,265	$	(571)	$	5,694	$	6,265	$	(317)	$	5,948
Customer-related	1,953		(487)		1,466		1,984		(380)		1,604
Developed technology	1,485		(679)		806		1,451		(525)		926
Trademarks/trade names1	2,012		(172)		1,840		2,019		(99)		1,920
Favorable supply contracts	475		(396)		79		475		(302)		173
Other2	405		(256)		149		405		(239)		166
Total other intangible assets with finite lives	12,595		(2,561)		10,034		12,599		(1,862)		10,737

Intangible assets not subject to amortization (Indefinite-lived):
IPR&D	10		—		10		10		—		10
Total other intangible assets	10		—		10		10		—		10
Total	$	12,605	$	(2,561)	$	10,044	$	12,609	$	(1,862)	$	10,747

1.Beginning on October 1, 2020, the company changed its indefinite life assertion of its trade name asset to definite lived with a useful life of 25 years. This change is the result of the launch of BrevantTM seed in the retail channel in the U.S. Prior to changing the useful life of the trade name asset, the company tested the asset for impairment under ASC 350 - Intangibles, Goodwill and Other, concluding the asset was not impaired.

2.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)
2022	$	700
2023	$	620
2024	$	606
2025	$	569
2026	$	558