Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill balances attributable to consolidated businesses, by segment, are set forth in the following table.


	December 31, 2022		December 31, 2021
	(In millions)
Ag Services and Oilseeds	$	193	$	204

Carbohydrate Solutions	224		240
Nutrition	3,731		3,734
Other Business	14		4
Total	$	4,162	$	4,182

The changes in goodwill during the year ended December 31, 2022 were related to foreign currency translation losses of $123 million, partially offset by 2022 acquisitions and adjustments to purchase price allocations related to 2021 acquisitions (see Note 3).

The following table sets forth the other intangible assets:


				December 31, 2022						December 31, 2021
	Useful			Gross		Accumulated				Gross		Accumulated
	Life			Amount		Amortization		Net		Amount		Amortization		Net
	(In years)			(In millions)
Intangible assets with indefinite lives:
Trademarks/brands				$	397	$	—	$	397	$	409	$	—	$	409



Intangible assets with definite lives:
Trademarks/brands	5	to	20	70		(28)		42		105		(20)		85
Customer lists	1	to	30	1,544		(542)		1,002		1,580		(454)		1,126

Capitalized software and related costs	5			721		(449)		272		714		(383)		331
Land rights	2	to	50	109		(25)		84		122		(28)		94
Other intellectual property	6	to	20	228		(112)		116		276		(100)		176
Recipes and other	3	to	35	547		(274)		273		487		(230)		257
Intangible assets in process				196		—		196		87		—		87
Total				$	3,812	$	(1,430)	$	2,382	$	3,780	$	(1,215)	$	2,565

The changes in the gross amounts during the year ended December 31, 2022 were primarily related to additions to intangible assets in process, partially offset by decreases related to foreign currency translation of $89 million. The changes in accumulated amortization during the year ended December 31, 2022 were related to amortization expense, partially offset by decreases related to foreign currency translation of $30 million. Aggregate amortization expense was $235 million, $177 million, and $173 million for the years ended December 31, 2022, 2021, and 2020, respectively, of which $69 million, $33 million, and $45 million, respectively, were for amortization of capitalized software and related costs. The estimated future aggregate amortization expense for the next five years is $246 million, $273 million, $255 million, $251 million, and $245 million, respectively.