Corteva Inc
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Other Intangible Assets
NOTE 10 -OTHER INTANGIBLE ASSETS
The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows:
| March 31, 2025 | December 31, 2024 | March 31, 2024 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| (In millions) | Gross | AccumulatedAmortization | Net | Gross | AccumulatedAmortization | Net | Gross | AccumulatedAmortization | Net |
| Intangible assets subject to amortization (finite-lived): | |||||||||
| Germplasm | $6,291 | $(1,399) | $4,892 | $6,291 | $(1,336) | $4,955 | $6,291 | $(1,145) | $5,146 |
| Customer-related | 2,349 | (896) | 1,453 | 2,350 | (863) | 1,487 | 2,421 | (766) | 1,655 |
| Developed technology | 1,838 | (1,197) | 641 | 1,838 | (1,161) | 677 | 1,846 | (1,050) | 796 |
| Trademarks/trade names | 2,056 | (402) | 1,654 | 2,056 | (380) | 1,676 | 2,111 | (361) | 1,750 |
| Other1 | 388 | (315) | 73 | 388 | (312) | 76 | 395 | (301) | 94 |
| Total other intangible assets with finite lives | 12,922 | (4,209) | 8,713 | 12,923 | (4,052) | 8,871 | 13,064 | (3,623) | 9,441 |
| Intangible assets not subject to amortization (indefinite-lived): | |||||||||
| In-process research & development | 5 | — | 5 | 5 | — | 5 | 5 | — | 5 |
| Total other intangible assets with indefinite lives | 5 | — | 5 | 5 | — | 5 | 5 | — | 5 |
| Total other intangible assets | $12,927 | $(4,209) | $8,718 | $12,928 | $(4,052) | $8,876 | $13,069 | $(3,623) | $9,446 |
- Primarily consists of sales and farmer networks, marketing and manufacturing alliances and noncompetition agreements.
The aggregate pre-tax amortization expense from continuing operations for definite-lived intangible assets was $162 million and $177 million for the three months ended March 31, 2025 and 2024, respectively. The current estimated aggregate pre-tax amortization expense from continuing operations for the remainder of 2025 and each of the next five years is approximately $481 million, $632 million, $572 million, $551 million, $528 million and $518 million, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.