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Common Control Transfer | 9 Months Ended
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Sep. 30, 2019
Business Combinations [Abstract] |
Combination of Entities Under Common Control Disclosure [Text Block] | COMMON CONTROL BUSINESS COMBINATION DAS Common Control Combination Based on an evaluation of the provisions of ASC 805 (Business Combinations), Corteva and DAS represent entities under common control, as both shared DowDuPont as their parent company. As a result, the assets, liabilities and operations of Corteva and DAS are combined at their historical carrying amounts, and all historical periods are adjusted as if Corteva and DAS had been combined since the Merger Effectiveness Time, when the entities first came under common control. Accordingly, the accompanying interim Consolidated Financial Statements and Notes thereto have been retrospectively revised to include the transferred net assets and results of operations of DAS beginning on September 1, 2017. Refer to Note 1 - Background and Basis of Presentation, for additional information. The following table summarizes the final recording of assets and liabilities of DAS at their respective carrying values as of September 1, 2017:
(In millions) | September 1, 2017
Cash and cash equivalents | $ | 98 |
Accounts and notes receivable - net | 1,377 |
Inventories | 2,133 |
Other current assets | 130 |
Investments in nonconsolidated affiliates | 50 |
Property, plant and equipment - net | 1,555 |
Goodwill | 1,472 |
Other intangible assets | 130 |
Deferred income taxes | 230 |
Other assets | 97 |
Short-term borrowings and finance lease obligations | 6 |
Accounts payable | 1,414 |
Income taxes payable | 103 |
Accrued and other current liabilities | 482 |
Long-term debt | 27 |
Deferred income tax liabilities | 66 |
Pension and other post employment benefits - noncurrent | 126 |
Other noncurrent obligations | 170 |
The following table provides supplemental results of EID and DAS for the three and nine months ended September 30, 2018 and the three months ended March 31, 2019.
| Three Months Ended September 30, 2018
(In millions) | Historical EID | Discontinued Operations and Other Adjustments 1 | DAS | Corteva
Net sales | $ | 5,294 |  | $ | (4,378 | ) | $ | 1,031 |  | $ | 1,947 |
Loss from continuing operations before income taxes | $ | (4,948 | ) | $ | (535 | ) | $ | (167 | ) | $ | (5,650 | )
Loss from continuing operations after income taxes | $ | (4,960 | ) | $ | (515 | ) | $ | (167 | ) | $ | (5,642 | )
| Nine Months Ended September 30, 2018
(In millions) | Historical EID | Discontinued Operations and Other Adjustments 1 | DAS | Corteva
Net sales | $ | 20,538 |  | $ | (13,288 | ) | $ | 4,222 |  | $ | 11,472 |
(Loss) income from continuing operations before income taxes | $ | (4,482 | ) | $ | (1,668 | ) | $ | 258 |  | $ | (5,892 | )
(Loss) income from continuing operations after income taxes | $ | (4,662 | ) | $ | (1,180 | ) | $ | 137 |  | $ | (5,705 | )
| Three Months Ended March 31, 2019
(In millions) | Historical EID | Discontinued Operations and Other Adjustments 1 | DAS | Corteva
Net sales | $ | 6,288 |  | $ | (4,341 | ) | $ | 1,449 |  | $ | 3,396 |
Income (loss) from continuing operations before income taxes | $ | 49 |  | $ | (476 | ) | $ | 176 |  | $ | (251 | )
Income (loss) from continuing operations after income taxes | $ | 89 |  | $ | (369 | ) | $ | 96 |  | $ | (184 | )
1. | Reflects discontinued operations of EID's ECP and Specialty Products businesses and adjustments primarily related to the elimination of intercompany transactions between Historical EID and Dow AgroSciences for periods subsequent to the Merger, as if they were combined affiliates.
Intercompany balances and transactions with DAS have been eliminated for all periods presented.

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