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Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]

Three Months Ended June 30,
(In millions)
Seed
Crop Protection
Total
2019
 

 

 

Net sales
$
3,699

$
1,857

$
5,556

Segment operating EBITDA
$
1,036

$
450

$
1,486

Segment assets1,2
$
26,623

$
13,205

$
39,828

 




 
2018
 

 

 

Net sales
$
3,864

$
1,867

$
5,731

Pro forma segment operating EBITDA
$
1,158

$
423

$
1,581

Segment assets1
$
34,703

$
9,738

$
44,441

1.
Segment assets at December 31, 2018 were $29,286 million and $9,346 million for Seed and Crop Protection, respectively. The reduction in segment assets between June 30, 2018 and December 31, 2018 was driven by the goodwill impairment recorded in the third quarter of 2018.
2. On June 1, 2019, as a result of changes in reportable segments, $3,382 million of goodwill was reallocated from the Seed reportable segment to the Crop Protection reportable segment.  This change was not reflected in segment assets prior to June 1, 2019.     

Six Months Ended June 30,
(In millions)
Seed
Crop Protection
Total
2019
 

 

 

Net sales
$
5,666

$
3,286

$
8,952

Pro forma segment operating EBITDA
$
1,361

$
670

$
2,031

 
 
 
 
2018
 

 

 

Net sales
$
6,165

$
3,360

$
9,525

Pro forma segment operating EBITDA
$
1,598

$
746

$
2,344
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]
Income (loss) from continuing operations after income taxes to segment operating EBITDA

(In millions)
Three Months Ended
June 30,
Six Months Ended
June 30,
2019
2018 1
2019 1
2018 1
Income (loss) from continuing operations after income taxes
$
483

$
375

$
299

$
(63
)
Provision for (benefit from) income taxes on continuing operations
270

(67
)
203

(179
)
Income (loss) from continuing operations before income taxes
753

308

502

(242
)
Depreciation and amortization
227

237

485

452

Interest income
(17
)
(24
)
(33
)
(51
)
Interest expense
34

88

93

169

Exchange losses - net 2
32

1

59

66

Non-operating benefits - net
(32
)
(55
)
(74
)
(106
)
Significant items
455

203

640

507

Pro forma adjustments3
—

786

298

1,478

Corporate expenses
34

37

61

71

Segment operating EBITDA
$
1,486

$
1,581

$
2,031

$
2,344

1.
Periods prior to March 31, 2019 are on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X.
2.
Excludes a $(50) million foreign exchange loss for the six months ended June 30, 2018 related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform, as it is included within significant items. See Note 9 - Supplementary Information for additional information.
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
Segment assets to total assets (in millions)
June 30, 2019
December 31, 2018
June 30, 2018
Total segment assets
$
39,828

$
38,632

$
44,441

Corporate assets
4,170

4,417

5,094

Assets related to discontinued operations1
—

65,634

66,594

Total assets
$
43,998

$
108,683

$
116,129


1.
See Note 5 - Divestitures and Other Transactions for additional information on discontinued operations.
Schedule of Additional Segment Details [Table Text Block]

(In millions)
Three Months Ended
June 30,
Six Months Ended
June 30,
2019
2018
2019
2018
As Reported
Pro Forma
Pro Forma
Pro Forma
Seed 1,2,3
$
(101
)
$
(37
)
$
(152
)
$
(83
)
Crop Protection 4,5
(2
)
24

(25
)
12

Corporate 6,7,8,9
(352
)
(190
)
(463
)
(436
)
Total
$
(455
)
$
(203
)
$
(640
)
$
(507
)
1.
Includes restructuring and asset related charges of $(49) million and $(76) million for the three and six months ended June 30, 2019, respectively, and $(37) million and $(83) million for the three and six months ended June 30, 2018, respectively. The charges for 2019 relate to the Synergy Program and the DowDuPont Agriculture Division Restructuring Program. The charges for 2018 related to the Synergy Program.
2.
Includes a $(24) million loss recorded in other income - net for the six months ended June 30, 2019 related to Historical Dow’s sale of a joint venture related to synergy actions.
3.
Includes a charge of $(52) million included in cost of goods sold for the three and six months ended June 30, 2019 related to the amortization on the inventory that was stepped up to fair value in connection with the Merger.
4.
Includes restructuring and asset related charges of $(2) million and $(25) million for the three and six months ended June 30, 2019, respectively, and $(12) million for the six months ended June 30, 2018. The charges for 2019 relate to the Synergy Program and the DowDuPont Agriculture Division Restructuring Program. The charges for 2018 related to the Synergy Program.
5.
Includes a $24 million gain recorded in other income - net for the three and six months ended June 30, 2018, related to an asset sale.
6.
Includes restructuring and asset related charges of $(9) million and $(20) million for the three and six months ended June 30, 2019, respectively, and $(64) million and $(136) million for the three and six months ended June 30, 2018, respectively. The charges for 2019 and 2018 related to the Synergy Program.
7.
Includes integration and separation costs of $(330) million and $(430) million for the three and six months ended June 30, 2019. Includes integration costs of $(126) million and $(250) million for the three and six months ended June 30, 2018, respectively.
8.
Includes a $(13) million loss included in loss on early extinguishment of debt for the three and six months ended June 30, 2019 related to the difference between the redemption price and the par value of the Make Whole Notes and Term Loan Facility, partially offset by the write-off of unamortized step-up related to the fair value step-up of EID’s debt.
9.
Includes $(50) million foreign exchange loss for the six months ended June 30, 2018 related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform.