Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in Goodwill

The changes in the carrying amount of goodwill are presented in the table below:

(in Millions)	Total
Balance, December 31, 2021	$	1,463.3
Acquisitions (See Note 5)	130.7
Foreign currency and other adjustments	(19.9)
Balance, September 30, 2022	$	1,574.1

Schedule of finite-lived intangible assets

Our intangible assets, other than goodwill, consist of the following:

	September 30, 2022						December 31, 2021
(in Millions)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets subject to amortization (finite-lived)
Customer relationships	$	1,103.2	$	(328.0)	$	775.2	$	1,147.1	$	(301.3)	$	845.8
Patents	1.7		(1.3)		0.4		1.8		(1.3)		0.5
Brands (1)	14.7		(9.4)		5.3		17.1		(9.9)		7.2
Purchased and licensed technologies	121.0		(41.4)		79.6		60.2		(40.7)		19.5
Other intangibles	1.8		(1.7)		0.1		2.3		(1.7)		0.6
	$	1,242.4	$	(381.8)	$	860.6	$	1,228.5	$	(354.9)	$	873.6

Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (2)	$	1,259.1			$	1,259.1	$	1,259.1			$	1,259.1
Brands (1)	342.9				342.9		389.2				389.2
In-process research & development	10.1				10.1		—				—
	$	1,612.1			$	1,612.1	$	1,648.3			$	1,648.3
Total intangible assets	$	2,854.5	$	(381.8)	$	2,472.7	$	2,876.8	$	(354.9)	$	2,521.9

____________________ 

(1)    Represents trademarks, trade names and know-how.

(2)    Represents proprietary brand portfolios, consisting of trademarks, trade names and know-how, of our crop protection brands.

Schedule of indefinite-lived intangible assets

Our intangible assets, other than goodwill, consist of the following:

	September 30, 2022						December 31, 2021
(in Millions)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets subject to amortization (finite-lived)
Customer relationships	$	1,103.2	$	(328.0)	$	775.2	$	1,147.1	$	(301.3)	$	845.8
Patents	1.7		(1.3)		0.4		1.8		(1.3)		0.5
Brands (1)	14.7		(9.4)		5.3		17.1		(9.9)		7.2
Purchased and licensed technologies	121.0		(41.4)		79.6		60.2		(40.7)		19.5
Other intangibles	1.8		(1.7)		0.1		2.3		(1.7)		0.6
	$	1,242.4	$	(381.8)	$	860.6	$	1,228.5	$	(354.9)	$	873.6

Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (2)	$	1,259.1			$	1,259.1	$	1,259.1			$	1,259.1
Brands (1)	342.9				342.9		389.2				389.2
In-process research & development	10.1				10.1		—				—
	$	1,612.1			$	1,612.1	$	1,648.3			$	1,648.3
Total intangible assets	$	2,854.5	$	(381.8)	$	2,472.7	$	2,876.8	$	(354.9)	$	2,521.9

____________________ 

(1)    Represents trademarks, trade names and know-how.

(2)    Represents proprietary brand portfolios, consisting of trademarks, trade names and know-how, of our crop protection brands.

Schedule of finite-lived intangible assets amortization expense

	Three Months Ended September 30,				Nine Months Ended September 30,
(in Millions)	2022		2021		2022		2021
Amortization expense	$	15.0	$	15.7	$	45.7	$	47.2