Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]


(In millions)	September 30, 2020						December 31, 2019						September 30, 2019
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets subject to amortization (Definite-lived):
Germplasm1	$	6,265	$	(253)	$	6,012	$	6,265	$	(63)	$	6,202
Customer-related	1,966		(352)		1,614		1,977		(268)		1,709		$	1,969	$	(238)	$	1,731
Developed technology	1,463		(499)		964		1,463		(370)		1,093		1,463		(332)		1,131
Trademarks/trade names	161		(86)		75		166		(86)		80		166		(84)		82
Favorable supply contracts	475		(279)		196		475		(207)		268		475		(183)		292
Other2	405		(233)		172		404		(213)		191		401		(206)		195
Total other intangible assets with finite lives	10,735		(1,702)		9,033		10,750		(1,207)		9,543		4,474		(1,043)		3,431

Intangible assets not subject to amortization (Indefinite-lived):
IPR&D	10		—		10		10		—		10		100		—		100
Germplasm1													6,265		—		6,265
Tradename	1,871		—		1,871		1,871		—		1,871		1,871		—		1,871

Total other intangible assets	1,881		—		1,881		1,881		—		1,881		8,236		—		8,236
Total	$	12,616	$	(1,702)	$	10,914	$	12,631	$	(1,207)	$	11,424	$	12,710	$	(1,043)	$	11,667

1.Beginning on October 1, 2019, the company changed its indefinite life assertion of the germplasm assets to definite lived with a useful life of 25 years. This change is the result of a more focused development effort of new seed products coupled with an intent to out license select germplasm on a non-exclusive basis. Prior to changing the useful life of the germplasm assets, the company tested the assets for impairment under ASC 350 - Intangibles, Goodwill and Other, concluding the assets were not impaired.

2.Primarily consists of sales and farmer networks, marketing and manufacturing alliances and noncompetition agreements.