Corteva, Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 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.
Jun 30, 2025 · Filed Aug 7, 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:
| June 30, 2025 | December 31, 2024 | June 30, 2024 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| (In millions) | Gross | AccumulatedAmortization | Net | Gross | AccumulatedAmortization | Net | Gross | AccumulatedAmortization | Net |
| Intangible assets subject to amortization (finite-lived): | |||||||||
| Germplasm | $6,291 | $(1,461) | $4,830 | $6,291 | $(1,336) | $4,955 | $6,291 | $(1,208) | $5,083 |
| Customer-related | 2,392 | (949) | 1,443 | 2,350 | (863) | 1,487 | 2,388 | (798) | 1,590 |
| Developed technology | 1,838 | (1,230) | 608 | 1,838 | (1,161) | 677 | 1,840 | (1,086) | 754 |
| Trademarks/trade names | 2,056 | (424) | 1,632 | 2,056 | (380) | 1,676 | 2,058 | (340) | 1,718 |
| Other1 | 388 | (323) | 65 | 388 | (312) | 76 | 388 | (300) | 88 |
| Total other intangible assets with finite lives | 12,965 | (4,387) | 8,578 | 12,923 | (4,052) | 8,871 | 12,965 | (3,732) | 9,233 |
| Intangible assets not subject to amortization (indefinite-lived): | |||||||||
| In-process research and development | 5 | — | 5 | 5 | — | 5 | 5 | — | 5 |
| Total other intangible assets with indefinite lives | 5 | — | 5 | 5 | — | 5 | 5 | — | 5 |
| Total other intangible assets | $12,970 | $(4,387) | $8,583 | $12,928 | $(4,052) | $8,876 | $12,970 | $(3,732) | $9,238 |
- 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 $161 million and $323 million for the three and six months ended June 30, 2025, respectively, and $174 million and $351 million for the three and six months ended June 30, 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 $321 million, $634 million, $574 million, $552 million, $528 million and $518 million, respectively.
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