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Supplementary Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Other Nonoperating Income (Expense) |
Other Income - Net | For the Year Ended December 31,
(In millions) | 2021 | 2020 | 2019
Interest income | $ | 77 |  | $ | 56 |  | $ | 59 |
Equity in earnings (losses) of affiliates - net | 14 |  | — |  | (9) |
Net gain (loss) on sales of businesses and other assets 1 | 21 |  | (2) |  | 64 |
Net exchange gains (losses)2 | (54) |  | (174) |  | (99) |
Non-operating pension and other post employment benefit credit (costs)3 | 1,318 |  | 368 |  | 191 |
Miscellaneous income (expenses) - net 4 | (28) |  | (36) |  | 9 |
Other income - net | $ | 1,348 |  | $ | 212 |  | $ | 215 |
1. The year ended December 31, 2021 includes a gain of $19 million relating to the sale of a business in Asia Pacific in the crop protection segment. 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 gains (losses) of $(67) million, $(82) million and $(51) million associated with the devaluation of the Argentine peso for the years ended December 31, 2021, 2020 and 2019, respectively. 3. Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected long-term rate of return on plan assets, amortization of unrecognized gain (loss), amortization of prior service benefit and settlement gain (loss)). 4. Miscellaneous income (expenses) - 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. The year ended December 31, 2021 also includes the Employee Retention Credit of $60 million pursuant to the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act as enhanced by the Consolidated Appropriations Act (“CAA”) and American Rescue Plan Act (“ARPA”), a gain from the remeasurement of an equity investment of $47 million, a charge related to a contract termination with a third-party service provider of $(54) million and the 2021 officer indemnification payment.
Foreign Currency Exchange Gain (Loss) |
| For the Year Ended December 31,
(In millions) | 2021 | 2020 | 2019
Subsidiary Monetary Position Gain (Loss) |  |  |
Pre-tax exchange gain (loss) | $ | (72) |  | $ | (263) |  | $ | (41) |
Local tax (expenses) benefits | (30) |  | 34 |  | 2 |
Net after-tax impact from subsidiary exchange gain (loss) | $ | (102) |  | $ | (229) |  | $ | (39) |
Hedging Program Gain (Loss) |  |  |
Pre-tax exchange gain (loss) | $ | 18 |  | $ | 89 |  | $ | (58) |
Tax (expenses) benefits | (4) |  | (21) |  | 13 |
Net after-tax impact from hedging program exchange gain (loss) | $ | 14 |  | $ | 68 |  | $ | (45) |
Total Exchange Gain (Loss) |  |  |
Pre-tax exchange gain (loss) | $ | (54) |  | $ | (174) |  | $ | (99) |
Tax (expenses) benefits | (34) |  | 13 |  | 15 |
Net after-tax exchange gain (loss) | $ | (88) |  | $ | (161) |  | $ | (84) |
Restrictions on Cash and Cash Equivalents |
(In millions) | December 31, 2021 | December 31, 2020
Cash and cash equivalents | $ | 4,459 |  | $ | 3,526 |
Restricted cash equivalents | 377 |  | 347 |
Total cash, cash equivalents and restricted cash equivalents | $ | 4,836 |  | $ | 3,873 |

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- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
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