v3.26.3
Intangible Assets
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets Intangible Assets
Our intangible assets consist of the following:
September 30, 2026December 31, 2025
(in Millions)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets subject to amortization (finite-lived)
Customer relationships$1,143.8 $(571.3)$572.5 $1,155.4 $(534.8)$620.6 
Patents0.6 (0.6)— 0.6 (0.6)— 
Brands (1)
69.8 (37.0)32.8 68.2 (29.1)39.1 
Purchased and licensed technologies133.3 (63.8)69.5 136.8 (57.9)78.9 
Other intangibles2.4 (1.9)0.5 2.4 (1.9)0.5 
$1,349.9 $(674.6)$675.3 $1,363.4 $(624.3)$739.1 
Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (2)
$953.8 $953.8 $1,241.3 $1,241.3 
Brands (1)
355.2 355.2 369.3 369.3 
In-process research & development11.6 11.6 12.1 12.1 
$1,320.6 $1,320.6 $1,622.7 $1,622.7 
Total intangible assets$2,670.5 $(674.6)$1,995.9 $2,986.1 $(624.3)$2,361.8 
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(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.
We perform our indefinite-lived intangible asset impairment tests at least annually. Our fiscal year 2026 annual indefinite-lived intangible asset impairment test was performed during the three months ended September 30, 2026. At the time of the annual impairment test which uses a July 31 measurement date, we determined no indefinite-lived asset impairment existed and the estimated fair values also exceeded the carrying value for each of our indefinite-lived intangible assets. During the third quarter of 2026, we experienced a decline in operating performance, revised our expectations regarding future operating results and cash flows, and considered the increased uncertainty associated with future forecasts. As a result of these factors and the commercial actions implemented during the quarter, we performed an additional impairment test of certain indefinite-lived intangible assets. Based on the results of that assessment, we recorded a non-cash impairment charge of $287.5 million to our Crop Protection Brands intangible asset during the nine months ended September 30, 2026.
Three Months Ended September 30,Nine Months Ended September 30,
(in Millions)2026202520262025
Amortization expense$18.6 $18.3 $56.0 $54.7 
The full year estimated pre-tax amortization expense for the year ended December 31, 2026 and each of the succeeding five years is approximately $72.0 million, $71.3 million, $71.0 million, $67.4 million, $66.1 million, and $63.5 million, respectively.