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Stockholders' Equity
 6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block] STOCKHOLDERS' EQUITY
Share Buyback Plan
On August 5, 2021, Corteva, Inc. announced that its Board of Directors authorized a $1.5 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date. The timing, price and volume of purchases will be based on market conditions, relevant securities laws and other factors.

On June 26, 2019, Corteva, Inc. announced that its Board of Directors authorized a $1 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date. The timing, price and volume of purchases will be based on market conditions, relevant securities laws and other factors.

During the three and six months ended June 30, 2021, the company purchased and retired 4,324,000 shares and 11,970,000 shares, respectively, in the open market for a total cost of $200 million and $550 million, respectively. During the six months ended June 30, 2020, the company purchased and retired 1,865,000 shares in the open market for a total cost of $50 million.

Shares repurchased pursuant to Corteva's share buyback plan are immediately retired upon purchase. Repurchased common stock is reflected as a reduction of stockholders' equity. The company's accounting policy related to its share repurchases is to reduce its common stock based on the par value of the shares and to reduce its retained earnings for the excess of the repurchase price over the par value. When Corteva has an accumulated deficit balance, the excess over the par value is applied to APIC. When Corteva has retained earnings, the excess is charged entirely to retained earnings.

Noncontrolling Interest
In June 2020, the company completed the acquisition of the remaining 46.5 percent interest in the Phytogen Seed Company, LLC joint venture from J. G. Boswell Company. As the purchase of the remaining interest did not result in a change of control, the difference between the carrying value of the noncontrolling interest and the consideration paid, net of taxes was recorded within equity.

Corteva, Inc. owns 100 percent of the outstanding common shares of EID. However, EID has preferred stock outstanding to third parties which is accounted for as a non-controlling interest in Corteva's interim Consolidated Balance Sheets. Each share of EID Preferred Stock - $4.50 Series and EID Preferred Stock - $3.50 Series issued and outstanding at the effective date of the Corteva Distribution remains issued and outstanding as to EID and was unaffected by the Corteva Distribution.

Below is a summary of the EID Preferred Stock at June 30, 2021, December 31, 2020, and June 30, 2020, which is classified as noncontrolling interests in Corteva's interim Consolidated Balance Sheets.
Shares in thousandsNumber of Shares
Authorized23,000
$4.50 Series, callable at $1201,673
$3.50 Series, callable at $102700
Other Comprehensive (Loss) Income
The changes and after-tax balances of components comprising accumulated other comprehensive loss are summarized below:
(In millions)
Cumulative Translation Adjustment1
Derivative InstrumentsPension Benefit PlansOther Benefit PlansUnrealized Gain (Loss) on InvestmentsTotal
2020
Balance January 1, 2020$(1,944)$2 $(1,247)$(81)$— $(3,270)
Other comprehensive (loss) income before reclassifications
(575)(22)(9)2 — (604)
Amounts reclassified from accumulated other comprehensive loss
— 26 3 — — 29 
Net other comprehensive (loss) income
(575)4 (6)2 — (575)
Balance June 30, 2020$(2,519)$6 $(1,253)$(79)$— $(3,845)
2021     
Balance January 1, 2021$(1,970)$(67)$(1,433)$590 $(10)$(2,890)
Other comprehensive (loss) income before reclassifications
(160)109 (5)1 3 (52)
Amounts reclassified from accumulated other comprehensive loss
— (13)21 (318)7 (303)
Net other comprehensive (loss) income
(160)96 16 (317)10 (355)
Balance June 30, 2021$(2,130)$29 $(1,417)$273 $— $(3,245)
1.The cumulative translation adjustment loss for the six months ended June 30, 2020 was primarily driven by the weakening of the Brazilian Real ("BRL") and the South African Rand ("ZAR") against the USD. The cumulative translation adjustment loss for the six months ended June 30, 2021 was primarily driven by the weakening of the Swiss Franc ("CHF") and the European Euro ("EUR") against the USD.

The tax benefit (expense) on the net activity related to each component of other comprehensive income was as follows:
(In millions)Three Months Ended
June 30,		Six Months Ended
June 30,
2021202020212020
Derivative instruments$(7)$(3)$(25)$2 
Pension benefit plans - net(3)1 (5)(3)
Other benefit plans - net48 — 97 — 
Benefit from (provision for) income taxes related to other comprehensive income items$38 $(2)$67 $(1)
A summary of the reclassifications out of accumulated other comprehensive loss is provided as follows:
(In millions)Three Months Ended
June 30,		Six Months Ended
June 30,
2021202020212020
Derivative Instruments1:
$(10)$28 $(15)$35 
Tax benefit2
3 (7)2 (9)
After-tax$(7)$21 $(13)$26 
Amortization of pension benefit plans:
  Prior service benefit3,4
$(1)$(1)$(1)$(1)
  Actuarial losses3,4
13 1 27 2 
  Settlement loss3,4
— 1 1 3 
Total before tax$12 $1 $27 $4 
Tax benefit2
(3)— (6)(1)
After-tax$9 $1 $21 $3 
Amortization of other benefit plans:
  Prior service benefit3,4
$(231)$— $(461)$— 
  Actuarial gains3,4
24 — 47 — 
  Curtailment gain(1)— (1)— 
Total before tax$(208)$— $(415)$— 
Tax benefit2
48 — 97 — 
After-tax$(160)$— $(318)$— 
Unrealized Loss on Investments4
$1 $— $7 $— 
Tax benefit2
— — — — 
After-tax$1 $— $7 $— 
Total reclassifications for the period, after-tax$(157)$22 $(303)$29 
1.Reflected in cost of goods sold.
2.Reflected in provision for income taxes from continuing operations.
3.These accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit credit of the company's pension and other benefit plans. See Note 15 - Pension Plans and Other Post Employment Benefits, for additional information.
4.Reflected in other income - net.