Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Business Combinations [Abstract]

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			P4		Deerland		Sojaprotein		Others		Total
	(In years)			(In millions)
Intangible assets with finite lives:
Trademarks/brands	7	to	15	$	9	$	49	$	6	$	3	$	67
Customer lists	15	to	20	224		174		45		5		448
Recipes	7			16		—		—		—		16
Other intellectual property	7	to	10	—		35		—		3		38
Total other intangible assets acquired				$	249	$	258	$	51	$	11	$	569

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, 2021, the Company’s Nutrition segment acquired five businesses including, a 75% majority stake in U.S.-based PetDine, Pedigree Ovens, The Pound Bakery, and NutraDine (collectively, “P4”), premier providers of private label pet treats and supplements; Deerland Probiotics & Enzymes (“Deerland”), a leader in probiotic, prebiotic, and enzyme technology; and Sojaprotein, a leading European provider of non-GMO soy ingredients, for an aggregate consideration of $1.6 billion using cash on hand. The aggregate cash consideration of these acquisitions, net of $21 million in cash acquired, was preliminarily allocated as follows. The Company expects these purchase price allocations to change once valuations and measurement period adjustments are final.

(In millions)	P4		Deerland		Sojaprotein		Others		Total
Working capital	$	11	$	28	$	71	$	6	$	116
Property, plant, and equipment	73		48		83		8		212
Goodwill	313		353		153		41		860
Other intangible assets	249		258		51		11		569
Other long-term assets	—		—		—		2		2
Long-term liabilities	—		(43)		(2)		—		(45)
Temporary equity - redeemable noncontrolling interest	(150)		—		—		—		(150)
Aggregate cash consideration	$	496	$	644	$	356	$	68	$	1,564

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