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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting Information [Line Items] |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] |
Income from continuing operations after income taxes to segment operating EBITDA (In millions) | Three Months Ended June 30, | Six Months Ended June 30,
2020 | 2019 | 2020 | 2019 1
Income from continuing operations after income taxes | $ | 766 |  | $ | 483 |  | $ | 1,047 |  | $ | 299 |
Provision for income taxes on continuing operations | 78 |  | 270 |  | 205 |  | 203 |
Income from continuing operations before income taxes | 844 |  | 753 |  | 1,252 |  | 502 |
Depreciation and amortization | 300 |  | 227 |  | 583 |  | 485 |
Interest income | (9 | ) | (17 | ) | (27 | ) | (33 | )
Interest expense | 14 |  | 34 |  | 24 |  | 93 |
Exchange (gains) losses - net | (1 | ) | 32 |  | 60 |  | 59 |
Non-operating benefits - net | (91 | ) | (32 | ) | (164 | ) | (74 | )
Significant items | 179 |  | 455 |  | 302 |  | 640 |
Pro forma adjustments |  |  |  | 298 |
Corporate expenses | 29 |  | 34 |  | 54 |  | 61 |
Segment operating EBITDA | $ | 1,265 |  | $ | 1,486 |  | $ | 2,084 |  | $ | 2,031 |
1. Period is presented on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X.
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
As of and for the Three Months Ended June 30, (In millions) | Seed | Crop Protection | Total
2020 |  |  |  |  |  |
Net sales | $ | 3,538 |  | $ | 1,653 |  | $ | 5,191 |
Segment operating EBITDA | $ | 956 |  | $ | 309 |  | $ | 1,265 |
Segment assets 1 | $ | 24,356 |  | $ | 13,034 |  | $ | 37,390 |
2019 |  |  |  |  |  |
Net sales | $ | 3,699 |  | $ | 1,857 |  | $ | 5,556 |
Segment operating EBITDA | $ | 1,036 |  | $ | 450 |  | $ | 1,486 |
Segment assets 1 | $ | 26,623 |  | $ | 13,205 |  | $ | 39,828 |
1. | Segment assets at December 31, 2019 were $25,387 million and $13,492 million for Seed and Crop Protection, respectively.
For the Six Months Ended June 30, (In millions) | Seed | Crop Protection | Total
2020 |  |  |  |  |  |
Net sales | $ | 5,993 |  | $ | 3,154 |  | $ | 9,147 |
Segment operating EBITDA | $ | 1,537 |  | $ | 547 |  | $ | 2,084 |
2019 |  |  |  |  |  |
Net sales | $ | 5,666 |  | $ | 3,286 |  | $ | 8,952 |
Pro forma segment operating EBITDA | $ | 1,361 |  | $ | 670 |  | $ | 2,031 |
Schedule of Additional Segment Details [Table Text Block] |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Three Months Ended June 30, 2020 |  |  |  |
Restructuring and Asset Related Charges - Net 1 | $ | (135 | ) | $ | (40 | ) | $ | (4 | ) | $ | (179 | )
Total | $ | (135 | ) | $ | (40 | ) | $ | (4 | ) | $ | (179 | )
(In millions) | Seed | Crop Protection | Corporate | Total
For the Three Months Ended June 30, 2019 |  |  |  |
Restructuring and Asset Related Charges - Net 1 | $ | (49 | ) | $ | (2 | ) | $ | (9 | ) | $ | (60 | )
Integration and Separation Costs 2 | — |  | — |  | (330 | ) | (330 | )
Amortization of inventory step up 3 | (52 | ) | — |  | — |  | (52 | )
Loss on early extinguishment of debt 4 | — |  | — |  | (13 | ) | (13 | )
Total | $ | (101 | ) | $ | (2 | ) | $ | (352 | ) | $ | (455 | )
(In millions) | Seed | Crop Protection | Corporate | Total
For the Six Months Ended June 30, 2020 |  |  |  |
Restructuring and Asset Related Charges - Net 1 | $ | (145 | ) | $ | (58 | ) | $ | (46 | ) | $ | (249 | )
Loss on Divestiture 5 | — |  | (53 | ) | — |  | (53 | )
Total | $ | (145 | ) | $ | (111 | ) | $ | (46 | ) | $ | (302 | )
(In millions) | Seed | Crop Protection | Corporate | Total
For the Six Months Ended June 30, 2019 7 |  |  |  |
Restructuring and Asset Related Charges - Net 1 | $ | (76 | ) | $ | (25 | ) | $ | (20 | ) | $ | (121 | )
Integration and Separation Costs 2 | — |  | — |  | (430 | ) | (430 | )
Amortization of inventory step up 3 | (52 | ) | — |  | — |  | (52 | )
Loss on early extinguishment of debt 4 | — |  | — |  | (13 | ) | (13 | )
Loss on Divestiture 6 | (24 | ) | — |  | — |  | (24 | )
Total | $ | (152 | ) | $ | (25 | ) | $ | (463 | ) | $ | (640 | )
1. | Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 5 - Restructuring and Asset Related Charges - Net, for additional information.
2. | Integration and separation costs include costs incurred to prepare for and close the Merger, post-Merger integration expenses, and costs incurred to prepare for the Business Separations.
3. | Includes a charge related to the amortization of the inventory that was stepped up to fair value in connection with the Merger.
4. | Includes a loss on early extinguishment of debt 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.
5. | Includes a loss recorded in other income - net related to the expected sale of the La Porte site.
6. | Includes a loss recorded in other income - net related to DAS’s sale of a joint venture related to synergy actions.
7. Period is presented on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X.
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
Segment assets to total assets (in millions) | June 30, 2020 | December 31, 2019 | June 30, 2019
Total segment assets | $ | 37,390 |  | $ | 38,879 |  | $ | 39,828 |
Corporate assets | 4,790 |  | 3,518 |  | 4,094 |
Total assets | $ | 42,180 |  | $ | 42,397 |  | $ | 43,922 |

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