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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
(In millions) | Seed | Crop Protection | Total
As of and for the Year Ended December 31, 2020 |  |  |
Net sales | $ | 7,756 |  | $ | 6,461 |  | $ | 14,217 |
Segment operating EBITDA | $ | 1,208 |  | $ | 1,004 |  | $ | 2,212 |
Depreciation and amortization | $ | 798 |  | $ | 379 |  | $ | 1,177 |
Segment assets | $ | 23,751 |  | $ | 13,099 |  | $ | 36,850 |
Investments in nonconsolidated affiliates | $ | 22 |  | $ | 44 |  | $ | 66 |
Purchases of property, plant and equipment | $ | 225 |  | $ | 250 |  | $ | 475 |
As of and for the Year Ended December 31, 2019 |  |  |
Net sales | $ | 7,590 |  | $ | 6,256 |  | $ | 13,846 |
Pro forma segment operating EBITDA | $ | 1,040 |  | $ | 1,066 |  | $ | 2,106 |
Depreciation and amortization | $ | 628 |  | $ | 372 |  | $ | 1,000 |
Segment assets 1 | $ | 25,387 |  | $ | 13,492 |  | $ | 38,879 |
Investments in nonconsolidated affiliates | $ | 27 |  | $ | 39 |  | $ | 66 |
Purchases of property, plant and equipment | $ | 373 |  | $ | 293 |  | $ | 666 |
As of and for the Year Ended December 31, 2018 |  |  |
Net sales | $ | 7,842 |  | $ | 6,445 |  | $ | 14,287 |
Pro forma segment operating EBITDA | $ | 1,139 |  | $ | 1,074 |  | $ | 2,213 |
Depreciation and amortization | $ | 534 |  | $ | 375 |  | $ | 909 |
Segment assets | $ | 29,286 |  | $ | 9,346 |  | $ | 38,632 |
Investments in nonconsolidated affiliates | $ | 102 |  | $ | 36 |  | $ | 138 |
Purchase of property, plant and equipment | $ | 263 |  | $ | 250 |  | $ | 513 |
1.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.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] |
Income (loss) from continuing operations after income taxes to segment operating EBITDA | For the Year Ended December 31, |
(In millions) | 2020 | 2019 | 2018 |
Income (loss) from continuing operations after income taxes | $ | 756 |  | $ | (270) |  | $ | (6,775) |  |
Benefit from income taxes on continuing operations | (81) |  | (46) |  | (31) |  |
Income (loss) from continuing operations before income taxes | 675 |  | (316) |  | (6,806) |  |
Depreciation and amortization | 1,177 |  | 1,000 |  | 909 |  |
Interest income | (56) |  | (59) |  | (86) |  |
Interest expense | 45 |  | 136 |  | 337 |  |
Exchange losses - net 1 | 174 |  | 66 |  | 77 |  |
Non-operating benefits - net | (316) |  | (129) |  | (211) |  |
Goodwill impairment charge | — |  | — |  | 4,503 |  |
Significant items | 388 |  | 991 |  | 1,346 |  |
Pro forma adjustments |  | 298 |  | 2,003 |  |
Corporate expenses | 125 |  | 119 |  | 141 |  |
Segment operating EBITDA 2 | $ | 2,212 |  | $ | 2,106 |  | $ | 2,213 |  |
1.Excludes a $(33) million foreign exchange loss for the year ended December 31, 2019 associated with the devaluation of the Argentine peso and a $(50) million foreign exchange loss for the year ended December 31, 2018 related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform, as they are included within significant items. See Note 9 - Supplementary Information, to the Consolidated Financial Statements, for additional information. 2.The years ended December 31, 2019 and December 31, 2018 are presented on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X that was in effect prior to recent amendments.
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
Segment assets to total assets (in millions) | December 31, 2020 | December 31, 2019 | December 31, 2018
Total segment assets | $ | 36,850 |  | $ | 38,879 |  | $ | 38,632 |
Corporate assets | 5,799 |  | 3,518 |  | 4,417 |
Assets related to discontinued operations 1 | — |  | — |  | 65,634 |
Total assets | $ | 42,649 |  | $ | 42,397 |  | $ | 108,683 |
1.See Note 5 - Divestitures and Other Transactions, to the Consolidated Financial Statements, for additional information on discontinued operations.
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block] |
Other Items (in millions) | Segment Totals | Adjustments 1 | Consolidated Totals
As of and For the Year Ended December 31, 2019 |  |  |
Depreciation and amortization | $ | 1,000 |  | $ | 599 |  | $ | 1,599 |
Purchase of property, plant and equipment | $ | 666 |  | $ | 497 |  | $ | 1,163 |
As of and For the Year Ended December 31, 2018 |  |  |
Depreciation and amortization | $ | 909 |  | $ | 1,881 |  | $ | 2,790 |
Purchase of property, plant and equipment | $ | 513 |  | $ | 988 |  | $ | 1,501 |
1.See Note 5 - Divestitures and Other Transactions, to the Consolidated Financial Statements, for additional information
Schedule of Additional Segment Details [Table Text Block] |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Year Ended December 31, 2020 |  |  |  |
Restructuring and Asset Related Charges - Net 1 | $ | (165) |  | $ | (109) |  | $ | (61) |  | $ | (335) |
Loss on Divestiture 2 | — |  | (53) |  | — |  | (53) |
Total | $ | (165) |  | $ | (162) |  | $ | (61) |  | $ | (388) |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Year Ended December 31, 2019 3 |  |  |  |
Restructuring and Asset Related Charges - Net 1 | $ | (213) |  | $ | (23) |  | $ | 14 |  | $ | (222) |
Integration and Separation Costs 4 | — |  | — |  | (632) |  | (632) |
Loss on Divestiture 5 | (24) |  | — |  | — |  | (24) |
Amortization of Inventory Step Up 6 | (67) |  | — |  | — |  | (67) |
Loss on Early Extinguishment of Debt 7 | — |  | — |  | (13) |  | (13) |
Argentina Currency Devaluation 8 | — |  | — |  | (33) |  | (33) |
Total | $ | (304) |  | $ | (23) |  | $ | (664) |  | $ | (991) |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Year Ended December 31, 2018 3 |  |  |  |
Restructuring and Asset Related Charges - Net 1 | $ | (368) |  | $ | (58) |  | $ | (268) |  | $ | (694) |
Integration Costs 4 | — |  | — |  | (571) |  | (571) |
Gain on Sale 9 | 24 |  | — |  | — |  | 24 |
Loss on Deconsolidation of Subsidiary 10 | (53) |  | — |  | — |  | (53) |
Loss on Divestiture 11 | (2) |  | — |  | — |  | (2) |
Income Tax Items 12 | — |  | — |  | (50) |  | (50) |
Total | $ | (399) |  | $ | (58) |  | $ | (889) |  | $ | (1,346) |
1.Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization. See Note 7 - Restructuring and Asset Related Charges - Net, to the Consolidated Financial Statements, for additional information. 2.Includes a loss recorded in other income - net related to the expected sale of the La Porte site. 3.The years ended December 31, 2019 and December 31, 2018 are presented on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X that was in effect prior to recent amendments. 4.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 Internal Reorganizations. Beginning in the second quarter of 2019, this includes both integration and separation costs. 5.Includes a loss recorded in other income - net related to DAS's sale of a joint venture related to synergy actions. 6.Includes a charge related to the amortization of the inventory that was stepped up to fair value in connection with the Merger. 7.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. 8.Includes a charge included in other income (expense) - net associated with remeasuring the company’s Argentine Peso net monetary assets, resulting from an unexpected August primary election result in Argentina. Throughout the three months ended September 30, 2019, the Argentine Peso dropped approximately a third of its value against the US dollar and in September of 2019, the country’s central bank announced new restrictions on foreign currency transactions. 9.Includes a gain recorded in other income (expense) - net related to an asset sale. 10.Includes a loss recorded in other income (expense) - net related to the deconsolidation of a subsidiary. 11.Includes a loss recorded in other income (expense) - net related to an asset sale. 12.Includes a foreign exchange loss recorded in other income (expense) - net related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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