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Restructuring and Other Charges (Income) (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Other Charges (Income)

The following table shows total restructuring and other charges (income) included in the respective line items of the consolidated statements of income (loss):

			Year Ended December 31,
(in Millions)			2024						2023						2022
Restructuring charges (income)			$	303.0					$	48.4					$	(26.1)
Other charges (income), net			(83.2)						163.9						119.2
Total restructuring and other charges (income)			$	219.8					$	212.3					$	93.1

Schedule of Restructuring Charges and Asset Disposals

Restructuring charges (income)

(in Millions)			Severance and Employee Benefits						Other Charges (Income) (1)						Asset Disposal Charges (2)						Total
Project Focus			$	55.8					$	163.1					$	87.0					$	305.9
Other items			—						(2.9)						—						(2.9)
Year ended December 31, 2024			$	55.8					$	160.2					$	87.0					$	303.0
Project Focus			$	40.1					$	5.4					$	—					$	45.5
DuPont Crop restructuring			—						(8.1)						2.8						(5.3)
Other items			6.9						1.3						—						8.2
Year ended December 31, 2023			$	47.0					$	(1.4)					$	2.8					$	48.4
DuPont Crop restructuring			$	—					$	(49.9)					$	1.2					$	(48.7)
Regional realignment			3.8						4.1						—						7.9
Other items			2.1						2.6						10.0						14.7
Year ended December 31, 2022			$	5.9					$	(43.2)					$	11.2					$	(26.1)

____________________ 

(1)Other charges, primarily represents third-party costs associated with various restructuring activities. The year ended December 31, 2024, includes $132.1 million related to contract abandonment charges. Other income, if applicable, primarily represents favorable developments on previously recorded exit costs and recoveries associated with restructuring. The year ended December 31, 2024 includes a $3.1 million gain recognized on the disposition of a previously closed manufacturing site. The years ended December 31, 2023 and 2022 include the recognition of gains of $5.8 million and $50.5 million, respectively, in connection with an agreement for land disposition of a previously closed manufacturing site.

(2)Primarily represents asset write-offs (recoveries), and accelerated depreciation and impairment charges on long-lived assets, which were or are to be abandoned. To the extent incurred, the acceleration effect of re-estimating settlement dates and revised cost estimates associated with asset retirement obligations due to facility shutdowns, are also included within the asset disposal charges.

Schedule of Restructuring Reserve Roll Forward

The following table shows a roll forward of restructuring reserves that will result in cash spending. These amounts exclude asset retirement obligations:

(in Millions)			Balance at 12/31/22						Change in reserves (4)						Cash payments						Other (5)						Balance at 12/31/23 (6)						Change in reserves (4)						Cash payments						Other (5)						Balance at 12/31/24 (6)
Project Focus (1)			$	—					$	45.5					$	(2.4)					$	—					$	43.1					$	210.1					$	(106.2)					$	(0.1)					$	146.9
DuPont Crop restructuring (2)			5.0						—						(1.0)						(0.1)						3.9						—						(0.9)						—						3.0
Other workforce related and facility shutdowns (3)			5.6						9.9						(12.5)						0.4						3.4						0.3						(2.1)						(0.4)						1.2
Total			$	10.6					$	55.4					$	(15.9)					$	0.3					$	50.4					$	210.4					$	(109.2)					$	(0.5)					$	151.1

____________________ 

(1)Relates to the global restructuring plan initiated in 2023 and primarily consists of contract abandonment charges resulting from the evaluation of our supply chain footprint as well as severance charges related to workforce reduction actions across all regions.

(2)Represents remaining cash spending on facility separation costs associated with DuPont Crop restructuring activities.

(3)Includes exit costs related to workforce reductions and facility shutdowns on previously implemented restructuring initiatives.

(4)Primarily consists of severance and employee separation costs, third-party provider fees and, in 2024, contract abandonment charges. The accelerated depreciation and asset impairment charges associated with these restructurings that have impacted our property, plant and equipment, intangible balances or other asset balances are not included in this table.

(5)Primarily comprised of foreign currency translation and other non-cash adjustments.

(6)Included in "Accrued and other liabilities" and "Other long-term liabilities" on the consolidated balance sheets.

Schedule of Other Charges Included Within Restructuring and Other Charges Income

Other charges (income), net

			Year Ended December 31,
(in Millions)			2024						2023						2022
Environmental charges, net			$	74.7					$	66.9					$	34.7
Gain on sale of GSS			(174.4)						—						—
Exit from Russian Operations			—						—						76.8
Currency related matters			—						75.2						—
IPR&D asset acquisition charges			—						13.0						—
Other items, net			16.5						8.8						7.7
Other charges (income), net			$	(83.2)					$	163.9					$	119.2

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Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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