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Supplementary Information | 12 Months Ended
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Dec. 31, 2020
Supplementary Information [Abstract] |
Additional Financial Information Disclosure [Text Block] | SUPPLEMENTARY INFORMATION
Other Income - Net | For the Year Ended December 31,
(In millions) | 2020 | 2019 | 2018
Interest income | $ | 56 |  | $ | 59 |  | $ | 86 |
Equity in losses of affiliates - net | — |  | (9) |  | (1) |
Net (loss) gain on sales of businesses and other assets 1 | (2) |  | 64 |  | 62 |
Net exchange losses 2,3 | (174) |  | (99) |  | (127) |
Non-operating pension and other post employment benefit credit 4 | 368 |  | 191 |  | 275 |
Miscellaneous (expenses) income - net 5 | (36) |  | 9 |  | (46) |
Other income - net | $ | 212 |  | $ | 215 |  | $ | 249 |
1 The year ended December 31, 2020 includes a loss of $(53) million and a gain of $27 million relating to the expected sale of the La Porte site, for which the company signed an agreement in 2020, and the sale of a business in Asia Pacific in the crop protection segment, respectively. 2 Includes net pre-tax exchange losses of $(82) million, $(51) million and $(68) million associated with the devaluation of the Argentine peso for the years ended December 31, 2020, 2019 and 2018, respectively. 3 Includes 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, which is included within significant items. 4 Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized (gain) loss, amortization of prior service benefit and settlement (loss) gain). 5 Miscellaneous (expenses) income - net, includes losses from sale of receivables, tax indemnification adjustments related to changes in indemnification balances as a result of the application of the terms of the Tax Matters Agreement, between Corteva and Dow and/or DuPont, and other items. In addition, the year ended December 31, 2018 includes a $(53) million loss related to the deconsolidation of a subsidiary (refer to Note 25 - Segment Information). Refer to Note 12 - Accounts and Notes Receivable - Net, for additional information on losses on the sale of receivables. The following table summarizes the impacts of the company's foreign currency hedging program on the company's results of operations. The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The hedging program gains (losses) are largely taxable (tax deductible) in the United States (U.S.), whereas the offsetting exchange gains (losses) on the remeasurement of the net monetary asset positions are often not taxable (tax deductible) in their local jurisdictions. The net pre-tax exchange gains (losses) are recorded in other income (expense) - net and the related tax impact is recorded in provision for (benefit from) income taxes on continuing operations in the Consolidated Statements of Operations.
| For the Year Ended December 31,
(In millions) | 2020 | 2019 | 2018
Subsidiary Monetary Position (Loss) Gain |  |  |
Pre-tax exchange (loss) gain | $ | (263) |  | $ | (41) |  | $ | (221) |
Local tax benefits (expenses) | 34 |  | 2 |  | (31) |
Net after-tax impact from subsidiary exchange loss | $ | (229) |  | $ | (39) |  | $ | (252) |
Hedging Program (Loss) Gain |  |  |
Pre-tax exchange gain (loss) | $ | 89 |  | $ | (58) |  | $ | 94 |
Tax (expenses) benefits | (21) |  | 13 |  | (21) |
Net after-tax impact from hedging program exchange gain (loss) | $ | 68 |  | $ | (45) |  | $ | 73 |
Total Exchange (Loss) Gain |  |  |
Pre-tax exchange loss | $ | (174) |  | $ | (99) |  | $ | (127) |
Tax benefits (expenses) | 13 |  | 15 |  | (52) |
Net after-tax exchange loss | $ | (161) |  | $ | (84) |  | $ | (179) |
Cash, cash equivalents and restricted cash The following table provides a reconciliation of cash and cash equivalents and restricted cash (included in other current assets) presented in the Consolidated Balance Sheets to the total cash, cash equivalents and restricted cash presented in the Consolidated Statements of Cash Flows.
(In millions) | December 31, 2020 | December 31, 2019
Cash and cash equivalents | $ | 3,526 |  | $ | 1,764 |
Restricted cash | 347 |  | 409 |
Total cash, cash equivalents and restricted cash | 3,873 |  | 2,173 |
EID entered into a trust agreement in 2013 (as amended and restated in 2017), establishing and requiring EID to fund a trust (the "Trust") for cash obligations under certain non-qualified benefit and deferred compensation plans upon a change in control event as defined in the Trust agreement. Under the Trust agreement, the consummation of the Merger was a change in control event. Restricted cash at December 31, 2020 and December 31, 2019 is related to the Trust. Accrued and other current liabilities Accrued and other current liabilities were $4,807 million at December 31, 2020 and $4,434 million at December 31, 2019. Refer to Note 6 - Revenue, for discussion of deferred revenue, which is a component of accrued and other current liabilities. No other components of accrued and other current liabilities were more than 5 percent of total current liabilities. Accounts payable Accounts payable was $3,615 million at December 31, 2020 and $3,702 million at December 31, 2019. Accounts payable - trade, which is a component of accounts payable, was $2,557 million at December 31, 2020 and $2,577 million at December 31, 2019. Accounts payable - other, which is a component of accounts payable, was $1,058 million at December 31, 2020 and $927 million at December 31, 2019. No other components of accounts payable were more than 5 percent of total current liabilities.

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