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Restructuring and Asset Related Charges (Tables) | 6 Months Ended
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Jun. 30, 2022
2022 Restructuring Actions |
Restructuring Cost and Reserve [Line Items] |
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] |
| Three Months Ended June 30, | Six Months Ended June 30,
(In millions) | 2022 | 2022
Seed | $ | 33 |  | $ | 33 |
Crop Protection | 1 |  | 1 |
Corporate expenses | 22 |  | 22 |
Total 1 | $ | 56 |  | $ | 56 |
1. This amount excludes the pre-tax charges impacting Seed recorded to cost of goods sold and other income - net in the company's interim Consolidated Statement of Operations, relating to inventory write-offs and settlement costs associated with the Russia Exit, and charges associated with the exit of a non-strategic asset. The following table is a summary of charges incurred related to 2022 Restructuring Actions for the three and six months ended June 30, 2022:
| Three Months Ended June 30, | Six Months Ended June 30,
(In millions) | 2022 | 2022
Severance and related benefit costs | $ | 22 |  | $ | 22 |
Asset related charges | 4 |  | 4 |
Contract termination charges 1 | 30 |  | 30 |
Total restructuring and asset related charges - net 2 | $ | 56 |  | $ | 56 |
1. Contract terminations includes early lease terminations. 2. This amount excludes the pre-tax charges recorded to the cost of goods sold and other income - net in the interim Consolidated Statement of Operations, relating to inventory write-offs and settlement costs associated with the Russia Exit and charges associated with the exit of a non-strategic asset. A reconciliation of the December 31, 2021 to the June 30, 2022 liability balances related to the 2022 Restructuring Actions is summarized below:
(in millions) | Severance and Related Benefit Costs | Asset Related | Contract Termination 1 | Total
Balance at December 31, 2021 | $ | — |  | $ | — |  | $ | — |  | $ | — |
Charges to income (loss) from continuing operations | 22 |  | 4 |  | 30 |  | 56 |
Payments | (4) |  | — |  | — |  | (4) |
Asset write-offs | — |  | (4) |  | — |  | (4) |
Balance at June 30, 2022 | $ | 18 |  | $ | — |  | $ | 30 |  | $ | 48 |
1. The liability for contract terminations includes lease obligations. The cash impact of these obligations will be substantially complete by the end of 2022.
2021 Restructuring Actions [Domain] |
Restructuring Cost and Reserve [Line Items] |
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] |
| Three Months Ended June 30, | Six Months Ended June 30,
(In millions) | 2022 | 2021 | 2022 | 2021
Seed | $ | — |  | $ | 3 |  | $ | (2) |  | $ | 17 |
Crop Protection | — |  | 9 |  | (2) |  | 37 |
Corporate expenses | 1 |  | 9 |  | 3 |  | 56 |
Total | $ | 1 |  | $ | 21 |  | $ | (1) |  | $ | 110 |
The following table is a summary of charges incurred related to 2021 Restructuring Actions for the three and six months ended June 30, 2022 and 2021:
| Three Months Ended June 30, | Six Months Ended June 30,
(In millions) | 2022 | 2021 | 2022 | 2021
Severance and related benefit costs | $ | 1 |  | $ | 10 |  | $ | 3 |  | $ | 49 |
Asset related charges | — |  | 9 |  | (1) |  | 22 |
Contract termination charges | — |  | 2 |  | (3) |  | 39 |
Total restructuring and asset related charges - net | $ | 1 |  | $ | 21 |  | $ | (1) |  | $ | 110 |
A reconciliation of the December 31, 2021 to the June 30, 2022 liability balances related to the 2021 Restructuring Actions is summarized below:
(In millions) | Severance and Related Benefit Costs | Asset Related 1 | Contract Termination 2 | Total
Balance at December 31, 2021 | $ | 52 |  | $ | — |  | $ | 12 |  | $ | 64 |
Charges to income (loss) from continuing operations | 3 |  | (1) |  | (3) |  | (1) |
Payments | (28) |  | — |  | (6) |  | (34) |
Asset write-offs | — |  | 1 |  | — |  | 1 |
Balance at June 30, 2022 | $ | 27 |  | $ | — |  | $ | 3 |  | $ | 30 |
1. In addition, the company has a liability recorded for asset retirement obligations of $5 million as of June 30, 2022. 2. The liability for contract terminations includes lease obligations. The cash impact of these obligations will be substantially complete by the end of 2022.

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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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