Related Party Transactions (Notes)

6 Months Ended

Jun. 30, 2019

RELATED PARTIES

Services Provided by and to Historical Dow and its affiliates

Following the Merger and prior to the Corteva Distribution, Corteva reports transactions with Historical Dow and its affiliates as related party transactions. The following table presents amounts due to or due from Historical Dow and its affiliates at December 31, 2018 and June 30, 2018:



(In millions)	December 31, 2018		June 30, 2018
Accounts and notes receivable - net	$	1	$	1
Accounts payable	$	110	$	138

Purchases from Historical Dow and its affiliates were $42 million for the three and six months ended June 30, 2019, respectively, and $38 million and $71 million for the three and six months ended June 30, 2018, respectively.

Transactions with DowDuPont

In November 2017, DowDuPont's Board of Directors authorized an initial $4,000 million share repurchase program to buy back shares of DowDuPont common stock. The $4,000 million share repurchase program was completed in the third quarter of 2018. In February 2019 and 2018, the Board declared first quarter dividends per share of DowDuPont common stock payable on March 15, 2019 and March 15, 2018, respectively. EID declared and paid distributions to DowDuPont of about $317 million for the six months ended June 30, 2019 and $1,658 million for the six months ended June 30, 2018, respectively, primarily to fund a portion of DowDuPont's dividend payments for these periods, and, specific to 2018, to fund a portion of DowDuPont's share repurchases.

In addition, at December 31, 2018, and June 30, 2018, EID had a payable to DowDuPont of $103 million, and $391 million included in accounts payable in the interim Condensed Consolidated Balance Sheets related to its estimated tax liability for the period beginning with the Merger through the date of the Dow Distribution, during which time the parties filed a consolidated US tax return. See Note 10 - Income Taxes, for additional information.