XML 41 R28.htm IDEA: XBRL DOCUMENT
v3.22.1

EID Segment FN (Notes) | 3 Months Ended
--- | ---
Mar. 31, 2022
Segment Reporting Information [Line Items] |
Segment Reporting Disclosure [Text Block] | SEGMENT INFORMATION Corteva’s reportable segments reflects the manner in which its chief operating decision maker ("CODM") allocates resources and assesses performance, which is at the operating segment level (seed and crop protection). For purposes of allocating resources to the segments and assessing segment performance, segment operating EBITDA is the primary measure used by Corteva’s CODM. The company defines segment operating EBITDA as earnings (loss) (i.e., income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, corporate expenses, non-operating (benefits) costs, foreign exchange gains (losses), and net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting, excluding the impact of significant items. Non-operating (benefits) costs consists of non-operating pension and other post-employment benefit (OPEB) costs, tax indemnification adjustments and environmental remediation and legal costs associated with legacy EID businesses and sites. Tax indemnification adjustments relate 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 that are recorded by the company as pre-tax income or expense. Net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting represents the non-cash net gain (loss) from changes in fair value of certain undesignated foreign currency derivative contracts. Upon settlement, which is within the same calendar year of execution of the contract, the realized gain (loss) from the changes in fair value of the non-qualified foreign currency derivative contracts will be reported in the respective segment results to reflect the economic effects of the foreign currency derivative contracts without the resulting unrealized mark to fair value volatility.
As of and for the Three Months Ended March 31, (In millions) | Seed | Crop Protection | Total
2022 |  |  |
Net sales | $ | 2,524 |  | $ | 2,077 |  | $ | 4,601 |
Segment operating EBITDA | $ | 569 |  | $ | 491 |  | $ | 1,060 |
Segment assets 1 | $ | 24,146 |  | $ | 14,144 |  | $ | 38,290 |
2021 |  |  |
Net sales | $ | 2,492 |  | $ | 1,686 |  | $ | 4,178 |
Segment operating EBITDA | $ | 617 |  | $ | 321 |  | $ | 938 |
Segment assets 1 | $ | 24,799 |  | $ | 13,349 |  | $ | 38,148 |
1. Segment assets at December 31, 2021 were $23,270 million and $12,428 million for Seed and Crop Protection, respectively.
Reconciliation to interim Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions) | Three Months Ended March 31, |
2022 | 2021 |  |
Income (loss) from continuing operations after income taxes | $ | 577 |  | $ | 613 |  |  |
Provision for (benefit from) income taxes on continuing operations | 121 |  | 178 |  |  |
Income (loss) from continuing operations before income taxes | 698 |  | 791 |  |  |
Depreciation and amortization | 307 |  | 304 |  |  |
Interest income | (15) |  | (21) |  |  |
Interest expense | 9 |  | 7 |  |  |
Exchange (gains) losses | 47 |  | 35 |  |  |
Non-operating (benefits) costs | (65) |  | (311) |  |  |
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges | 36 |  | (1) |  |  |
Significant items (benefit) charge | 22 |  | 100 |  |  |
Corporate expenses | 21 |  | 34 |  |  |
Segment operating EBITDA | $ | 1,060 |  | $ | 938 |  |  |
Segment assets to total assets (in millions) | March 31, 2022 | December 31, 2021 | March 31, 2021
Total segment assets | $ | 38,290 |  | $ | 35,698 |  | $ | 38,148 |
Corporate assets | 4,343 |  | 6,646 |  | 4,401 |
Total assets | $ | 42,633 |  | $ | 42,344 |  | $ | 42,549 |
Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA The three months ended March 31, 2022 and 2021, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating EBITDA:
(In millions) | Seed | Crop Protection | Corporate | Total
For the Three Months Ended March 31, 2022 |  |  |  |
Restructuring and Asset Related Charges - Net 1 | $ | (5) |  | $ | 2 |  | $ | (2) |  | $ | (5) |
Estimated settlement expense 2 | — |  | (17) |  | — |  | (17) |
Total | $ | (5) |  | $ | (15) |  | $ | (2) |  | $ | (22) |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Three Months Ended March 31, 2021 |  |  |  |
Restructuring and Asset Related Charges - Net 1 | $ | (21) |  | $ | (32) |  | $ | (47) |  | $ | (100) |
Total | $ | (21) |  | $ | (32) |  | $ | (47) |  | $ | (100) |
1.Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 4 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements for additional information. 2.Consists of estimated Lorsban® related reserves.
EID [Member] |
Segment Reporting Information [Line Items] |
Segment Reporting Disclosure [Text Block] | SEGMENT INFORMATION There are no differences in reporting structure or segments between Corteva, Inc. and EID. In addition, there are no differences between Corteva, Inc. and EID segment net sales, segment operating EBITDA, segment assets, or significant items by segment; refer to page 36 of the Corteva, Inc. interim Consolidated Financial Statements for background information on the segments as well as further details regarding segment metrics. The tables below reconcile income (loss) from continuing operations after income taxes to segment operating EBITDA, as differences exist between Corteva, Inc. and EID. Reconciliation to interim Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions) | Three Months Ended March 31, |
2022 | 2021 |  |
Income (loss) from continuing operations after income taxes | $ | 570 |  | $ | 602 |  |  |
Provision for (benefit from) income taxes on continuing operations | 119 |  | 174 |  |  |
Income (loss) from continuing operations before income taxes | 689 |  | 776 |  |  |
Depreciation and amortization | 307 |  | 304 |  |  |
Interest income | (15) |  | (21) |  |  |
Interest expense | 18 |  | 22 |  |  |
Exchange (gains) losses | 47 |  | 35 |  |  |
Non-operating (benefits) costs | (65) |  | (311) |  |  |
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges | 36 |  | (1) |  |  |
Significant items (benefit) charge | 22 |  | 100 |  |  |
Corporate expenses | 21 |  | 34 |  |  |
Segment operating EBITDA | $ | 1,060 |  | $ | 938 |  |  |

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=dd_EIDMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |