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The amount of the tax disallowance through December 31, 2021, not including interest and penalties, was approximately 131.5 million Brazilian reais (or approximately $23.6 million).
−Removed: The amount ultimately in dispute will be significantly greater because of interest and penalties.
+Added: The amount ultimately in dispute will be significantly greater because of interest and penalties that will continue to increase as time progresses.
We have been advised by our legal and tax advisors that our position with respect to the deductions is allowable under the tax laws of Brazil.
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However, the ultimate outcome will not be determined until the Brazilian tax appeal process is complete, which could take several years.
+Added: During 2017, we purchased Precision Planting, which provides precision agricultural technology solutions.
+Added: In 2018, Deere & Company filed separate complaints in the U.S.
+Added: District Court of Delaware against us and our Precision Planting subsidiary alleging that certain products of those entities infringe certain patents of Deere.
+Added: The two complaints subsequently were consolidated into a single case, Case No.
+Added: 1:18-cv-00827-CFC, that currently is scheduled for trial in July 2022.
+Added: It is our position that no patents have been, or are continuing to be, infringed, and we are vigorously contesting the allegations in the complaint.
+Added: We have an indemnity right under the purchase agreement related to the acquisition of Precision Planting from its previous owner.
+Added: Pursuant to that right, the previous owner of Precision Planting currently is responsible for the litigation costs associated with the complaint and is obligated to reimburse AGCO for some or all of the damages in the event of an adverse outcome in the litigation.
+Added: In the event of an adverse outcome, we estimate that the range of possible damages, based upon the advice of third-party specialists, would be up to approximately $7.0 million.
+Added: Deere & Company has provided an estimate of its damages that is significantly higher than our estimate and that we believe does not have merit.
We are a party to various other legal claims and actions incidental to our business.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.