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Pay vs Performance Disclosure - USD ($)
2 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2021
Oct. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table    
PAY FOR PERFORMANCE
In accordance with Item 402(v) of
Regulation S-K, the
Company is required to disclose pay versus performance, or PVP by comparing compensation amounts previously reported for the last three calendar years to the SEC’s definition of “Compensation Actually Paid,” or CAP. Also as required by the SEC, this section compares CAP to various measures used to gauge performance at Corteva. CAP is a supplemental measure for stockholders, and is not a replacement for, or incorporated into the philosophy and strategy of compensation-setting set forth in the “Compensation Discussion and Analysis” of this proxy statement.
 
Pay Versus Performance Table
In determining the CAP for our NEOs, we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table (the “SCT”) for the last four calendar years. The table below summarizes compensation values both previously reported in our SCT, as well as footnotes of the adjusted values for 2023.
 
Year
(1)
 
SCT Total
for CEO:
J. Collins
(2)
 
SCT Total
for CEO:
C. Magro
(2)
 
Compensation
Actually Paid
to CEO:
J. Collins
(3)
 
Compensation
Actually Paid
to CEO:
C Magro
(3)
 
Avg. SCT
Total for
Non-PEO

NEOs
(2)
 
Avg.
Compensation
Actually
Paid to
Non-PEO
NEOs
(3)
  
Value of Initial Fixed $100
Investment Based on:
(4)
  
GAAP
Net
Income
(6)
($ in
millions)
  
Company
Selected
Measure
(7)
:
Operating
EPS ($)
   
  
Total
Shareholder
Return
  
Peer Group
Total
Shareholder
Return
(5)
2023
          $ 13,234,872           $ 7,924,156     $ 3,391,528     $ 1,403,620      $ 171      $ 146      $ 747      $ 2.69    
2022
          $ 14,762,075           $ 16,983,522     $ 5,027,523     $ 7,408,698      $ 207      $ 132      $ 1,158      $ 2.67    
2021
    $ 16,864,428     $ 792,786     $ 18,917,976     $ 792,786     $ 4,077,575     $ 5,553,889      $ 165      $ 149      $ 1,769      $ 2.15    
2020
    $ 10,749,544           $ 19,452,828           $ 2,596,002     $ 4,885,371      $ 133      $ 118      $ 701      $ 1.50    
(1)
Mr. Magro succeeded Mr. Collins as PEO in 2021 (on November 1, 2021). Mr. Collins served as the PEO for the entirety of 2020. Our Non- PEO NEOs for the applicable years were as follows:
 
   
2023: David J. Anderson, Samuel R. Eathington, Timothy P. Glenn, and Robert D. King
   
2022: David J. Anderson, Samuel R. Eathington, Timothy P. Glenn, and Robert D. King
   
2021: David J. Anderson, Timothy P. Glenn, Cornel B. Fuerer, Gregory R. Friedman, and Rajan Gajaria
   
2020: Gregory R. Friedman, Rajan Gajaria, Timothy P. Glenn, and Cornel B. Fuerer
 
(2)
Amounts reported in these columns represent (i) the total compensation reported in the Summary Compensation Table (“SCT”) for the applicable year in the case of our PEOs, Mr. Collins and Mr. Magro, and (ii) the average of the total compensation reported in the SCT for the applicable year for our
Non-PEO
NEOs.
(3)
Amounts reported in these columns represent (i) CAP for the applicable year in the case of our PEOs, Mr. Collins and Mr. Magro and (ii) the average CAP for the applicable year for our
Non-PEO
NEOs; adjustments were made to the amounts reported in the SCT for the applicable year.
A reconciliation of the adjustments made to the 2023 SCT amounts to calculate CAP for our PEO, Mr. Magro, and for the average of the
Non-PEO
NEOs is set forth in the table below. In this table, the unvested equity fair values were calculated on each of the required measurement dates using assumptions based on criteria consistent with those used for grant date fair value calculations and in accordance with the methodology used for financial reporting purposes. For unvested awards subject to performance-based vesting conditions, the fair values were based on the probable outcome of such performance-based vesting conditions as of the last day of the year.
 
2023
  
SCT
 
Reported

Total
  
Less:

SCT

Reported

Change

in

Pension

Value
  
Plus:

Pension

Value

Service

Cost
  
Less: SCT

Reported

Stock Award

and Option

Value
  
Plus (Less):

Fair Value
 
of
Equity

Awards

Granted

During 2023

that are

Outstanding

and
 
Unvested
at
 
End of the

Covered
 
Year
  
Plus (Less) Fair

value of Equity

Awards Granted

in Any Prior

Year that are

Outstanding

and Unvested at

End of the

Covered Year
 
Plus Fair

Value at

Vesting

Date of

Awards

Granted

and

Vested

During

the

Covered

Year
  
Plus

(Less)

Change in

Fair Value

of Equity

Awards

granted in

Prior

Years that

Vested

During

the

Covered

Year
 
Less Fair

Value of

Equity

Awards

Granted

in
Prior

Year that

were

Forfeited

During

the

Covered

Year
  
Compensation

Actually
 

Paid
PEO
     $ 13,234,872      $ 0        $0      $ 10,250,043      $ 7,395,789      ($ 2,592,295 )       $0      $ 135,833       $0      $ 7,924,156
Average
Non-PEO
NEOs
     $ 3,391,528      $ 21,219        $0      $ 1,925,098      $ 1,388,988      ($ 789,830 )       $0      ($ 640,750 )       $0      $ 1,403,620
(4)
Total Shareholder Return (“TSR”) is cumulative for the measurement periods beginning on December 31, 2019 and ending on December 31 of each of 2020, 2021, 2022 and 2023, respectively. TSR is calculated by dividing the difference between the price of the Company’s common stock at the end and the beginning of the measurement period by the price of the Company’s common stock at the beginning of the measurement period.
(5)
The company utilized the S&P 500 Chemicals Index as its peer group for TSR, which is the industry index utilized in the Company’s Annual Report on Form
10-K.
(6)
Reflects the Company’s net income (loss) reflected in the audited financial statements published in our Annual Report on Form 10-K for the applicable year.
(7)
Operating EPS has been selected as the Company Selected Measure because the Company believes it is the most important measure linked to compensation actually paid, has a close association with the Company’s share price and TSR, and has been and is expected to continue to be a performance metric that is important to the Company and our stockholders. Refer to our 2023 Annual Report for a reconciliation of Operating EPS to EPS, the most directly comparable financial measure calculated and presented in accordance with US GAAP.
     
Company Selected Measure Name     Operating EPS      
Named Executive Officers, Footnote    
(1)
Mr. Magro succeeded Mr. Collins as PEO in 2021 (on November 1, 2021). Mr. Collins served as the PEO for the entirety of 2020. Our Non- PEO NEOs for the applicable years were as follows:
 
   
2023: David J. Anderson, Samuel R. Eathington, Timothy P. Glenn, and Robert D. King
   
2022: David J. Anderson, Samuel R. Eathington, Timothy P. Glenn, and Robert D. King
   
2021: David J. Anderson, Timothy P. Glenn, Cornel B. Fuerer, Gregory R. Friedman, and Rajan Gajaria
   
2020: Gregory R. Friedman, Rajan Gajaria, Timothy P. Glenn, and Cornel B. Fuerer
     
Peer Group Issuers, Footnote     The company utilized the S&P 500 Chemicals Index as its peer group for TSR, which is the industry index utilized in the Company’s Annual Report on Form
10-K.
     
Adjustment To PEO Compensation, Footnote    
(3)
Amounts reported in these columns represent (i) CAP for the applicable year in the case of our PEOs, Mr. Collins and Mr. Magro and (ii) the average CAP for the applicable year for our
Non-PEO
NEOs; adjustments were made to the amounts reported in the SCT for the applicable year.
A reconciliation of the adjustments made to the 2023 SCT amounts to calculate CAP for our PEO, Mr. Magro, and for the average of the
Non-PEO
NEOs is set forth in the table below. In this table, the unvested equity fair values were calculated on each of the required measurement dates using assumptions based on criteria consistent with those used for grant date fair value calculations and in accordance with the methodology used for financial reporting purposes. For unvested awards subject to performance-based vesting conditions, the fair values were based on the probable outcome of such performance-based vesting conditions as of the last day of the year.
 
2023
  
SCT
 
Reported

Total
  
Less:

SCT

Reported

Change

in

Pension

Value
  
Plus:

Pension

Value

Service

Cost
  
Less: SCT

Reported

Stock Award

and Option

Value
  
Plus (Less):

Fair Value
 
of
Equity

Awards

Granted

During 2023

that are

Outstanding

and
 
Unvested
at
 
End of the

Covered
 
Year
  
Plus (Less) Fair

value of Equity

Awards Granted

in Any Prior

Year that are

Outstanding

and Unvested at

End of the

Covered Year
 
Plus Fair

Value at

Vesting

Date of

Awards

Granted

and

Vested

During

the

Covered

Year
  
Plus

(Less)

Change in

Fair Value

of Equity

Awards

granted in

Prior

Years that

Vested

During

the

Covered

Year
 
Less Fair

Value of

Equity

Awards

Granted

in
Prior

Year that

were

Forfeited

During

the

Covered

Year
  
Compensation

Actually
 

Paid
PEO
     $ 13,234,872      $ 0        $0      $ 10,250,043      $ 7,395,789      ($ 2,592,295 )       $0      $ 135,833       $0      $ 7,924,156
Average
Non-PEO
NEOs
     $ 3,391,528      $ 21,219        $0      $ 1,925,098      $ 1,388,988      ($ 789,830 )       $0      ($ 640,750 )       $0      $ 1,403,620
     
Non-PEO NEO Average Total Compensation Amount     $ 3,391,528 $ 5,027,523 $ 4,077,575 $ 2,596,002
Non-PEO NEO Average Compensation Actually Paid Amount     $ 1,403,620 7,408,698 5,553,889 4,885,371
Adjustment to Non-PEO NEO Compensation Footnote    
(3)
Amounts reported in these columns represent (i) CAP for the applicable year in the case of our PEOs, Mr. Collins and Mr. Magro and (ii) the average CAP for the applicable year for our
Non-PEO
NEOs; adjustments were made to the amounts reported in the SCT for the applicable year.
A reconciliation of the adjustments made to the 2023 SCT amounts to calculate CAP for our PEO, Mr. Magro, and for the average of the
Non-PEO
NEOs is set forth in the table below. In this table, the unvested equity fair values were calculated on each of the required measurement dates using assumptions based on criteria consistent with those used for grant date fair value calculations and in accordance with the methodology used for financial reporting purposes. For unvested awards subject to performance-based vesting conditions, the fair values were based on the probable outcome of such performance-based vesting conditions as of the last day of the year.
 
2023
  
SCT
 
Reported

Total
  
Less:

SCT

Reported

Change

in

Pension

Value
  
Plus:

Pension

Value

Service

Cost
  
Less: SCT

Reported

Stock Award

and Option

Value
  
Plus (Less):

Fair Value
 
of
Equity

Awards

Granted

During 2023

that are

Outstanding

and
 
Unvested
at
 
End of the

Covered
 
Year
  
Plus (Less) Fair

value of Equity

Awards Granted

in Any Prior

Year that are

Outstanding

and Unvested at

End of the

Covered Year
 
Plus Fair

Value at

Vesting

Date of

Awards

Granted

and

Vested

During

the

Covered

Year
  
Plus

(Less)

Change in

Fair Value

of Equity

Awards

granted in

Prior

Years that

Vested

During

the

Covered

Year
 
Less Fair

Value of

Equity

Awards

Granted

in
Prior

Year that

were

Forfeited

During

the

Covered

Year
  
Compensation

Actually
 

Paid
PEO
     $ 13,234,872      $ 0        $0      $ 10,250,043      $ 7,395,789      ($ 2,592,295 )       $0      $ 135,833       $0      $ 7,924,156
Average
Non-PEO
NEOs
     $ 3,391,528      $ 21,219        $0      $ 1,925,098      $ 1,388,988      ($ 789,830 )       $0      ($ 640,750 )       $0      $ 1,403,620
     
Compensation Actually Paid vs. Total Shareholder Return    
Relationship between CAP and TSR
. The graph below reflects the relationship between the PEO and average
Non-PEO NEO
compensation actually paid (“CAP”) and the Company’s cumulative indexed Total Shareholder Return, or TSR, (assuming an initial fixed investment of $100) over the applicable measurement period.
 
 
LOGO
     
Compensation Actually Paid vs. Net Income    
Relationship between CAP and GAAP Net Income
. The graph below reflects the relationship between the PEOs and
Average Non-PEO NEO
CAP and the Company’s GAAP Net Income over the applicable measurement period.
 
 
LOGO
     
Compensation Actually Paid vs. Company Selected Measure    
Relationship between CAP and Operating EPS (our Company-Selected Measure).
The graph below reflects the relationship between the PEOs and
average Non-PEO NEOs
CAP and the
Company’s Non-GAAP Operating
Earnings Per Share over the applicable measurement period.
 
LOGO
 
     
Total Shareholder Return Vs Peer Group    
Relationship between CAP and TSR
. The graph below reflects the relationship between the PEO and average
Non-PEO NEO
compensation actually paid (“CAP”) and the Company’s cumulative indexed Total Shareholder Return, or TSR, (assuming an initial fixed investment of $100) over the applicable measurement period.
 
 
LOGO
     
Tabular List, Table    
Performance Measures Used to Link Company Performance and CAP.
The Company utilizes other important financial measures to link compensation actually paid to its NEOs performance as set forth in the table below.
 
    
Metrics
(1)
   Absolute Total Shareholder Return
(2)
   Operating Earnings Per Share
(3)
   Operating EBITDA Margin
(4)
   Return on Net Assets
     
Total Shareholder Return Amount     $ 171 207 165 133
Peer Group Total Shareholder Return Amount     146 132 149 118
Net Income (Loss)     $ 747,000,000 $ 1,158,000,000 $ 1,769,000,000 $ 701,000,000
Company Selected Measure Amount     2.69 2.67 2.15 1.5
Measure:: 1            
Pay vs Performance Disclosure            
Name     Absolute Total Shareholder Return      
Measure:: 2            
Pay vs Performance Disclosure            
Name     Operating Earnings Per Share      
Measure:: 3            
Pay vs Performance Disclosure            
Name     Operating EBITDA Margin      
Measure:: 4            
Pay vs Performance Disclosure            
Name     Return on Net Assets      
Mr. Magro [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     $ 13,234,872 $ 14,762,075 $ 792,786 $ 0
PEO Actually Paid Compensation Amount     $ 7,924,156 $ 16,983,522 792,786 0
PEO Name Mr. Magro   Mr. Magro Mr. Magro    
Mr. Collins [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     $ 0 $ 0 16,864,428 10,749,544
PEO Actually Paid Compensation Amount     0 $ 0 $ 18,917,976 $ 19,452,828
PEO Name   Mr. Collins       Mr. Collins
PEO | Mr. Magro [Member] | SCT Reported Change in Pension Value [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
PEO | Mr. Magro [Member] | Pension Value Service Cost [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
PEO | Mr. Magro [Member] | SCT Reported Stock Award and Option Value [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     10,250,043      
PEO | Mr. Magro [Member] | Fair Value of Equity Awards Granted During 2023 that are Outstanding and Unvested at End of the Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     7,395,789      
PEO | Mr. Magro [Member] | Fair value of Equity Awards Granted in Any Prior Year that are Outstanding and Unvested at End of the Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (2,592,295)      
PEO | Mr. Magro [Member] | Fair Value at Vesting Date of Awards Granted and Vested During the Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
PEO | Mr. Magro [Member] | Change in Fair Value of Equity Awards granted in Prior Years that Vested During the Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     135,833      
PEO | Mr. Magro [Member] | Fair Value of Equity Awards Granted in Prior Year that were Forfeited During the Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
Non-PEO NEO | SCT Reported Change in Pension Value [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     21,219      
Non-PEO NEO | Pension Value Service Cost [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
Non-PEO NEO | SCT Reported Stock Award and Option Value [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     1,925,098      
Non-PEO NEO | Fair Value of Equity Awards Granted During 2023 that are Outstanding and Unvested at End of the Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     1,388,988      
Non-PEO NEO | Fair value of Equity Awards Granted in Any Prior Year that are Outstanding and Unvested at End of the Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (789,830)      
Non-PEO NEO | Fair Value at Vesting Date of Awards Granted and Vested During the Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
Non-PEO NEO | Change in Fair Value of Equity Awards granted in Prior Years that Vested During the Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (640,750)      
Non-PEO NEO | Fair Value of Equity Awards Granted in Prior Year that were Forfeited During the Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     $ 0