Acquisitions Business Acquisition (Tables)

9 Months Ended

Sep. 30, 2019

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

During the nine months ended September 30, 2019, the Company acquired Neovia SAS (“Neovia”), Florida Chemical Company (“FCC”), The Ziegler Group (“Ziegler”), and the remaining 50% interest in Gleadell Agriculture Ltd (“Gleadell”), for an aggregate consideration of $2.0 billion in cash. The aggregate consideration of these acquisitions, net of $95 million in cash acquired, plus the $15 million acquisition-date value of the Company’s previously held equity interest in Gleadell, were allocated as follows, subject to final measurement period adjustments:



In millions	Neovia			FCC			Ziegler			Gleadell			Total
Working capital	$	104		$	40		$	18		$	(6	)	$	156
Property, plant, and equipment	384			17			3			13			417
Goodwill	739			85			23			10			857
Other intangible assets	679			29			35			—			743
Other long-term assets	83			—			—			9			92
Long-term liabilities	(297		)	(1		)	(10		)	(11		)	(319		)
Aggregate cash consideration, net of cash acquired, plus acquisition-date fair value of previously held equity interest	$	1,692		$	170		$	69		$	15		$	1,946

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 Lives			Neovia		FCC		Ziegler		Total
	(In years)			(In millions)
Intangible assets with finite lives:
Trademarks/brands	5	to	15	$	216	$	10	$	4	$	230
Customer lists	10	to	20	304		15		5		324
Other intellectual property	6	to	11	159		4		26		189
Total other intangible assets acquired				$	679	$	29	$	35	$	743