Corteva, Inc.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
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Goodwill and Other Intangible Assets
NOTE 12 -GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
The following table summarizes changes in the carrying amount of goodwill by segment for the years ended December 31, 2024 and 2025, respectively.
| (In millions) | Seed | Crop Protection | Total |
|---|---|---|---|
| Balance at December 31, 2023 | $5,422 | $5,183 | $10,605 |
| Currency translation adjustment | (96) | (139) | (235) |
| Other goodwill adjustments 1 | — | 38 | 38 |
| Balance at December 31, 2024 | $5,326 | $5,082 | $10,408 |
| Currency translation adjustment | (14) | 71 | 57 |
| Balance at December 31, 2025 | $5,312 | $5,153 | $10,465 |
- Includes measurement period adjustments related to the acquisitions of Stoller and Symborg, which were not material.
The company performed annual qualitative testing on all of its reporting units in 2025 and 2024, determining that no goodwill impairments existed in either year. As of December 31, 2025, accumulated impairment losses on goodwill were $4,503 million.
Other Intangible Assets
The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows:
| December 31, 2025 | December 31, 2024 | |||||
|---|---|---|---|---|---|---|
| (In millions) | Gross | AccumulatedAmortization | Net | Gross | AccumulatedAmortization | Net |
| Intangible assets subject to amortization (finite-lived): | ||||||
| Germplasm | $6,291 | $(1,587) | $4,704 | $6,291 | $(1,336) | $4,955 |
| Customer-related | 2,394 | (1,024) | 1,370 | 2,350 | (863) | 1,487 |
| Developed technology | 1,860 | (1,283) | 577 | 1,838 | (1,161) | 677 |
| Trademarks/trade names | 2,056 | (466) | 1,590 | 2,056 | (380) | 1,676 |
| Other 1 | 368 | (313) | 55 | 388 | (312) | 76 |
| Total other intangible assets with finite lives | $12,969 | $(4,673) | $8,296 | $12,923 | $(4,052) | $8,871 |
| Intangible assets not subject to amortization (indefinite-lived): | ||||||
| In-process research and development | 5 | — | 5 | 5 | — | 5 |
| Total other intangible assets with indefinite lives | 5 | — | 5 | 5 | — | 5 |
| Total other intangible assets | $12,974 | $(4,673) | $8,301 | $12,928 | $(4,052) | $8,876 |
- Primarily consists of sales and farmer networks, marketing and manufacturing alliances and noncompetition agreements.
The aggregate pre-tax amortization expense from continuing operations for finite-lived intangible assets was $644 million, $685 million, and $683 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Total estimated amortization expense for the next five fiscal years is as follows:
| (In millions) | |
|---|---|
| 2026 | $637 |
| 2027 | 576 |
| 2028 | 555 |
| 2029 | 531 |
| 2030 | 521 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.