XML 24 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net Sales $ 14,217 $ 13,846 $ 14,287
Cost of Goods Sold 8,507 8,575 9,948
Research and Development Expense 1,142 1,147 1,355
Selling, General and Administrative Expense 3,043 3,065 3,041
Amortization of Intangibles 682 475 391
Restructuring and asset related charges- net 335 222 694
Integration and Separation Costs 0 744 992
Goodwill Impairment Charge 0 0 4,503
Other income (expense) - net 212 215 249
Loss on early Extinguishment of Debt 0 13 [1] 81 [1]
Interest Expense 45 136 337
Income (loss) from continuing operations before income taxes 675 (316) (6,806)
Benefit from income taxes on continuing operations (81) (46) (31)
Income (loss) from continuing operations after income taxes 756 (270) (6,775)
(Loss) income from discontinued operations after income taxes (55) (671) 1,748
Net income (loss) 701 (941) [1] (5,027) [1]
Net income attributable to noncontrolling interests 20 18 38
Net (loss) income attributable to Corteva $ 681 $ (959) $ (5,065)
Basic earnings (loss) per share of common stock from continuing operations $ 0.98 $ (0.38) $ (9.08)
Basic (loss) earnings per share of common stock from discontinued operations (0.07) (0.90) 2.32
Basic earnings (loss) per share of common stock 0.91 (1.28) (6.76)
Diluted earnings (loss) per share of common stock from continuing operations 0.98 (0.38) (9.08)
Diluted (loss) earnings per share of common stock from discontinued operations (0.07) (0.90) 2.32
Diluted earnings (loss) per share of common stock $ 0.91 $ (1.28) $ (6.76)
EID [Member]      
Net Sales $ 14,217 $ 13,846 $ 14,287
Cost of Goods Sold 8,507 8,575 9,948
Research and Development Expense 1,142 1,147 1,355
Selling, General and Administrative Expense 3,043 3,065 3,041
Amortization of Intangibles 682 475 391
Restructuring and asset related charges- net 335 222 694
Integration and Separation Costs 0 744 992
Goodwill Impairment Charge 0 0 4,503
Other income (expense) - net 212 215 249
Loss on early Extinguishment of Debt 0 13 [2] 81 [2]
Interest Expense 145 242 337
Income (loss) from continuing operations before income taxes 575 (422) (6,806)
Benefit from income taxes on continuing operations (105) (71) (31)
Income (loss) from continuing operations after income taxes 680 (351) (6,775)
(Loss) income from discontinued operations after income taxes (55) (671) 1,748
Net income (loss) 625 (1,022) [2] (5,027) [2]
Net income attributable to noncontrolling interests 10 8 28
Net (loss) income attributable to Corteva $ 615 $ (1,030) $ (5,055)
[1] The cash flows for the years ended December 31, 2018 and 2019 includes cash flows of EID's ECP and Specialty Products Entities.
[2] The cash flows for the year ended December 31, 2018 and 2019 includes cash flows of EID's ECP and Specialty Products Entities