XML 34 R21.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2017
Segment Reporting [Abstract] |
Segment Information | Segment Information Segment operating earnings is defined as income (loss) from continuing operations before income taxes excluding significant pre-tax benefits (charges), non-operating pension and other post employment benefit (OPEB) costs, exchange gains (losses), corporate expenses and interest. Non-operating pension and OPEB costs includes all of the components of net periodic benefit cost from continuing operations with the exception of the service cost component.
Three Months Ended June 30, | Agriculture 1 | Electronics & Communications | Industrial Biosciences | Nutrition & Health | Performance Materials | Protection Solutions | Other | Total
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 3,446 |  | $ | 546 |  | $ | 395 |  | $ | 818 |  | $ | 1,381 |  | $ | 801 |  | $ | 37 |  | $ | 7,424 |
Operating earnings | 963 |  | 116 |  | 76 |  | 135 |  | 329 |  | 191 |  | (53 | ) | 1,757 |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 3,218 |  | $ | 494 |  | $ | 355 |  | $ | 835 |  | $ | 1,335 |  | $ | 786 |  | $ | 38 |  | $ | 7,061 |
Operating earnings | 865 |  | 93 |  | 62 |  | 130 |  | 325 |  | 188 |  | (50 | ) | 1,613 |
Six Months Ended June 30, | Agriculture 1 | Electronics & Communications | Industrial Biosciences | Nutrition & Health | Performance Materials | Protection Solutions | Other | Total
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 7,374 |  | $ | 1,056 |  | $ | 763 |  | $ | 1,607 |  | $ | 2,749 |  | $ | 1,548 |  | $ | 70 |  | $ | 15,167 |
Operating earnings | 2,199 |  | 205 |  | 151 |  | 256 |  | 684 |  | 368 |  | (115 | ) | 3,748 |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 7,004 |  | $ | 946 |  | $ | 707 |  | $ | 1,636 |  | $ | 2,584 |  | $ | 1,515 |  | $ | 74 |  | $ | 14,466 |
Operating earnings | 1,966 |  | 152 |  | 125 |  | 234 |  | 598 |  | 364 |  | (109 | ) | 3,330 |
1. | As of June 30, 2017, Agriculture net assets were $10,181, an increase of $3,839 from $6,342 at December 31, 2016. The increase was primarily due to higher trade receivables related to normal seasonality in the sales and cash collections cycle.
Reconciliation to interim Consolidated Income Statements
| Three Months Ended June 30, | Six Months Ended June 30,
| 2017 | 2016 | 2017 | 2016
Total segment operating earnings | $ | 1,757 |  | $ | 1,613 |  | $ | 3,748 |  | $ | 3,330 |
Significant pre-tax (charges) benefits not included in segment operating earnings | (160 | ) | 74 |  | (146 | ) | 6 |
Non-operating pension and other post employment benefit costs | (104 | ) | (133 | ) | (208 | ) | (207 | )
Exchange losses | (140 | ) | (15 | ) | (199 | ) | (136 | )
Corporate (expenses) income 1,2,3,4,5 | (267 | ) | (113 | ) | (463 | ) | 160 |
Interest expense | (99 | ) | (93 | ) | (183 | ) | (185 | )
Income from continuing operations before income taxes | $ | 987 |  | $ | 1,333 |  | $ | 2,549 |  | $ | 2,968 |
1. | Includes transaction costs associated with the planned merger with Dow and related activities of $(216) and $(386) in the three and six months ended June 30, 2017, respectively, and $(76) and $(100) in the three and six months ended June 30, 2016, respectively, which were recorded in selling, general and administrative expenses in the company's interim Consolidated Income Statements. See Note 2 for additional information.
2. | Includes a $(4) charge recorded in employee separation / asset related charges, net in the company's interim Consolidated Income Statement for the six months ended June 30, 2017, respectively, associated with the 2017 restructuring program. See Note 4 for additional information.
3. | Includes a $47 benefit on accrued interest reversals recorded in other (loss) income, net, in the company's interim Consolidated Income Statement for the six months ended June 30, 2017, respectively, related to a reduction in the company’s unrecognized tax benefits due to the closure of various tax statutes of limitations. See Note 6 for additional information.
4. | Includes a gain of $369 associated with the sale of DuPont (Shenzhen) Manufacturing Limited entity, which held certain buildings and other assets. The gain was recorded in other (loss) income, net, in the company's interim Consolidated Income Statement for the six months ended June 30, 2016. See Note 3 for additional information.
5. | Includes a $46 and $60 net benefit recorded in employee separation / asset related charges, net in the company's interim Consolidated Income Statements for the three and six months ended June 30, 2016, respectively, associated with the 2016 global cost savings and restructuring plan. See Note 4 for additional information.
Significant Pre-tax (Charges) Benefits Not Included in Segment Operating Earnings The three and six months ended June 30, 2017 and 2016, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating earnings:
| Three Months Ended June 30, | Six Months Ended June 30,
| 2017 | 2016 | 2017 | 2016
Agriculture 1,4,5 | $ | — |  | $ | 35 |  | $ | — |  | $ | (38 | )
Electronics & Communications 2,4 | (1 | ) | 8 |  | (6 | ) | 15 |
Industrial Biosciences 2,4 | — |  | 3 |  | (6 | ) | 4 |
Nutrition & Health 2,3,4 | — |  | 12 |  | 160 |  | 13 |
Performance Materials 2,4 | (2 | ) | 9 |  | (13 | ) | 5 |
Protection Solutions 2,4 | (157 | ) | 7 |  | (281 | ) | 10 |
Other 4 | — |  | — |  | — |  | (3 | )
| $ | (160 | ) | $ | 74 |  | $ | (146 | ) | $ | 6 |
1. | Includes $30 of net insurance recoveries recorded in other operating charges in the company's interim Consolidated Income Statements for the three and six months ended June 30, 2016 for recovery of costs for customer claims related to the use of Imprelis® herbicide. Includes $23 for reduction in accrual recorded in other operating charges in the company's interim Consolidated Income Statement for the six months ended June 30, 2016 for customer claims related to the use of the Imprelis® herbicide.
2. | Includes a $(160) and $(308) restructuring charge in employee separation / asset related charges, net in the company's interim Consolidated Income Statements for the three and six months ended June 30, 2017, respectively, associated with the 2017 restructuring program. See Note 4 for additional information.
3. | Includes a $162 gain recorded in other (loss) income, net, in the company's interim Consolidated Income Statement for the six months ended June 30, 2017, associated with the sale of the company's global food safety diagnostic business. See Note 3 for additional information.
4. | Includes a $44 and $28 net restructuring benefit in employee separation / asset related charges, net in the company's interim Consolidated Income Statements for the three and six months ended June 30, 2016, respectively, associated with the 2016 global cost savings and restructuring program. See Note 4 for additional information.
5. | Includes a $(75) restructuring charge recorded in employee separation / asset related charges, net in the company's interim Consolidated Income Statement for the six months ended June 30, 2016, related to the decision not to re-start the insecticide manufacturing facility at the La Porte site located in La Porte, Texas. See Note 4 for additional information.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration