Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

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

The following table sets forth the 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 indefinite lives:
Trademarks/brands				$	194	$	—	$	—	$	194

Intangible assets with finite lives:
Trademarks/brands	5	to	15	12		—		4		16
Customer lists	10	to	20	304		15		5		324
Other intellectual property	6	to	10	159		14		26		199
Total other intangible assets acquired				$	669	$	29	$	35	$	733

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

During the year ended December 31, 2020, the Company acquired Yerbalatina and the remaining 70% interest in Anco Animal Nutrition Competence GmbH (“Anco”) for an aggregate cash consideration of $15 million. The aggregate cash consideration of these acquisitions plus the $3 million acquisition-date value of the Company’s previously held equity interest in Anco, were allocated as follows:


	(In millions)
Working capital	$	16
Property, plant, and equipment	1
Goodwill	2
Long-term liabilities	(1)
Aggregate cash consideration plus acquisition-date fair value of previously held equity interest	$	18

During the year ended December 31, 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 cash consideration of $2.0 billion. The aggregate cash 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, was allocated as follows:


(In millions)	Neovia		FCC		Ziegler		Gleadell		Total
Working capital	$	108	$	31	$	18	$	(6)	$	151
Property, plant, and equipment	384		17		3		13		417
Goodwill	773		94		23		10		900
Other intangible assets	669		29		35		—		733
Other long-term assets	83		—		—		9		92
Long-term liabilities	(325)		(1)		(10)		(11)		(347)
Aggregate cash consideration, net of cash acquired, plus acquisition-date fair value of previously held equity interest	$	1,692	$	170	$	69	$	15	$	1,946

During the year ended December 31, 2018, the Company acquired Probiotics International Limited (also known as Protexin), a British-based provider of probiotic supplements for human, pet, and production-animal uses, Rodelle Inc., a premium originator, processor and supplier of vanilla products, and certain soybean origination, crushing, refining, and bottling assets of Brazil-based Algar Agro, for an aggregate cash consideration of $506 million. The aggregate cash consideration of these acquisitions, net of $42 million in cash acquired, was allocated as follows:


	(In millions)
Working capital	$	30
Property, plant, and equipment	133
Goodwill	187
Other intangible assets	132
Other long-term assets	6
Deferred tax liabilities	(15)
Noncontrolling interest	(9)
Aggregate cash consideration, net of cash acquired	$	464