Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Asset Disclosure [Abstract]

Schedule of Goodwill

(In millions)	Crop Protection		Seed		Total
Balance as of December 31, 2021	$	4,672	$	5,435	$	10,107
Currency translation adjustment	(63)		(72)		(135)
Other goodwill adjustments1	9		(19)		(10)
Balance as of December 31, 2022	$	4,618	$	5,344	$	9,962
Acquisitions2	512		—		512
Currency translation adjustment	53		78		131
Balance as of December 31, 2023	$	5,183	$	5,422	$	10,605

1.Consists primarily of the goodwill included in the sale of a business in the crop protection segment and reallocation of the former digital reporting unit goodwill between the seed and the crop protection segments.

2.On March 1, 2023, the company completed the acquisitions of Stoller and Symborg, which are included in the crop protection segment. See Note 4 – Business Combinations, to the Consolidated Financial Statements, for additional information.

Other Intangible Assets

(In millions)	December 31, 20231						December 31, 2022
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets subject to amortization (finite-lived):
Germplasm	$	6,291	$	(1,081)	$	5,210	$	6,291	$	(826)	$	5,465
Customer-related	2,427		(734)		1,693		1,912		(585)		1,327
Developed technology	1,849		(1,004)		845		1,485		(830)		655
Trademarks/trade names	2,111		(339)		1,772		2,009		(251)		1,758
Other2	395		(294)		101		395		(271)		124
Total other intangible assets with finite lives	13,073		(3,452)		9,621		12,092		(2,763)		9,329
Intangible assets not subject to amortization (indefinite-lived):
IPR&D	5		—		5		10		—		10
Total other intangible assets with indefinite lives	5		—		5		10		—		10
Total other intangible assets	$	13,078	$	(3,452)	$	9,626	$	12,102	$	(2,763)	$	9,339

1.Includes the intangible assets acquired in connection with the Stoller and Symborg acquisitions, which were completed on March 1, 2023. See Note 4 – Business Combinations, to the Consolidated Financial Statements, for additional information.

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

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

(In millions)
2024	$	683
2025	646
2026	636
2027	576
2028	554