Acquisitions Business Acquisition (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

During the three months ended March 31, 2019, the Company acquired Neovia, FCC, and the remaining 50% interest in Gleadell Agriculture Ltd (Gleadell), for an aggregate consideration of $1,953 million in cash. The aggregate consideration of these acquisitions, net of $91 million in cash acquired, plus the acquisition-date value of the Company’s previously held equity interest in Gleadell of $14 million, were preliminarily allocated as follows:



In millions	Neovia			FCC		Gleadell			Total
Working capital	$	102		$	40	$	(6	)	$	136
Property, plant, and equipment	409			17		13			439
Goodwill	784			90		10			884
Other intangible assets	583			23		—			606
Other long-term assets	87			—		—			87
Long-term liabilities	(274		)	—		(2		)	(276		)
Aggregate cash consideration, net of cash acquired, plus acquisition-date fair value of previously held equity interest	$	1,691		$	170	$	15		$	1,876

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The following table sets forth the preliminary fair values and the useful lives of the other intangible assets acquired.



	Useful Life	Neovia		FCC		Total
	(In years)	(In millions)
Trademarks/brands	5 to 13	$	166	$	7	$	173
Customer lists	10 to 20	289		12		301
Developed technology	6 to 11	128		4		132
Total other intangible assets acquired		$	583	$	23	$	606