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Restructuring and Asset Related Charges
 6 Months Ended
Jun. 30, 2021
Restructuring and Related Activities [Abstract]  
Restructuring and Related Activities Disclosure [Text Block] RESTRUCTURING AND ASSET RELATED CHARGES - NET
2021 Restructuring Actions
As discussed in the 2020 Annual Report, on February 1, 2021, Corteva approved restructuring actions designed to right-size and optimize its footprint and organizational structure according to the business needs in each region with the focus on driving continued cost improvement and productivity. As a result of these actions, the company expects to record total pre-tax restructuring charges of approximately $130 million to $170 million, comprised of approximately $40 million to $50 million of severance and related benefit costs, $40 million to $60 million of asset related charges, $10 million to $15 million of asset retirement obligations and $40 million to $45 million of costs related to contract terminations (contract terminations includes early lease terminations). Future cash payments related to this charge are anticipated to be approximately $80 million to $100 million, primarily related to the payment of severance and related benefits, asset retirement obligations, and costs related to contract terminations. The restructuring actions associated with this charge are expected to be substantially complete in 2021.

The charges related to the 2021 Restructuring Actions related to the segments, as well as corporate expenses, were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(In millions)20212021
Seed$3 $17 
Crop Protection9 37 
Corporate expenses9 56 
Total$21 $110 

The below is a summary of charges incurred related to 2021 Restructuring Actions for the three and six months ended June 30, 2021:
Three Months Ended June 30,Six Months Ended June 30,
(In millions)20212021
Severance and related benefit costs$10 $49 
Asset related charges9 22 
Contract termination charges2 39 
Total restructuring and asset charges - net$21 $110 

A reconciliation of the December 31, 2020 to the June 30, 2021 liability balances related to the 2021 Restructuring Actions is summarized below:
(In millions)Severance and Related Benefit Costs
Asset Related1
Contract Termination2
Total
Balance at December 31, 2020$— $— $— $— 
Charges to income from continuing operations49 22 39 110 
Payments(9)— (23)(32)
Asset write-offs— (22)— (22)
Balance at June 30, 2021$40 $— $16 $56 
1.In addition, the company has a liability recorded for asset retirement obligations of $6 million as of June 30, 2021.
2.The liability for contract terminations includes lease obligations. The cash impact of these obligations will be substantially complete by 2022.
Execute to Win Productivity Program
During the first quarter of 2020, Corteva approved restructuring actions designed to improve productivity through optimizing certain operational and organizational structures primarily related to the Execute to Win Productivity Program. Through the second quarter of 2021, the company recorded net pre-tax restructuring charges of $182 million inception-to-date under the Execute to Win Program, consisting of $119 million of asset related charges and $63 million of severance and related benefit costs. The company does not anticipate any additional material charges from the Execute to Win Program as actions associated with this charge were substantially complete by the end of 2020.

The Execute to Win Productivity Program charges related to the segments, as well as corporate expenses, were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(In millions)2021202020212020
Seed$— $— $— $3 
Crop Protection2 37 6 55 
Corporate expenses— 4 — 46 
Total$2 $41 $6 $104 

The below is a summary of charges incurred related to the Execute to Win Productivity Program for the three and six months ended June 30, 2021 and 2020:
Three Months Ended June 30,Six Months Ended June 30,
(In millions)2021202020212020
Severance and related benefit costs$— $4 $— $46 
Asset related charges2 37 6 58 
Total restructuring and asset related charges - net$2 $41 $6 $104 

A reconciliation of the December 31, 2020 to the June 30, 2021 liability balances related to the Execute to Win Productivity Program is summarized below:
(In millions)Severance and Related Benefit Costs
Asset Related1
Total
Balance at December 31, 2020$53 $3 $56 
Charges to income from continuing operations— 6 6 
Payments(20)(3)(23)
Asset write-offs— (6)(6)
Balance at June 30, 2021$33 $— $33 
1.In addition, the company has a liability recorded for asset retirement obligations of $18 million as of June 30, 2021.

Other Asset Related Charges
During the three and six months ended June 30, 2021, the company recognized $112 million and $119 million, respectively, in restructuring and asset related charges - net in the interim Consolidated Statement of Operations, from non-cash accelerated prepaid royalty amortization expense related to Roundup Ready 2 Yield® and Roundup Ready 2 Xtend® herbicide tolerance traits.