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v3.22.2.2

Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting Information [Line Items] |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | Reconciliation to interim Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions) | Three Months Ended September 30, | Nine Months Ended September 30,
2022 | 2021 | 2022 | 2021
Income (loss) from continuing operations after income taxes | $ | (322) |  | $ | 36 |  | $ | 1,257 |  | $ | 1,667 |
Provision for (benefit from) income taxes on continuing operations | (74) |  | (28) |  | 372 |  | 434 |
Income (loss) from continuing operations before income taxes | (396) |  | 8 |  | 1,629 |  | 2,101 |
Depreciation and amortization | 310 |  | 309 |  | 919 |  | 926 |
Interest income | (36) |  | (19) |  | (75) |  | (58) |
Interest expense | 18 |  | 8 |  | 43 |  | 22 |
Exchange (gains) losses | 13 |  | (2) |  | 96 |  | 47 |
Non-operating (benefits) costs | (9) |  | (315) |  | (134) |  | (941) |
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges | (6) |  | (19) |  | (3) |  | 3 |
Significant items (benefit) charge | 202 |  | (21) |  | 379 |  | 214 |
Corporate expenses | 32 |  | 40 |  | 83 |  | 106 |
Segment operating EBITDA | $ | 128 |  | $ | (11) |  | $ | 2,937 |  | $ | 2,420 |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
As of and for the Three Months Ended September 30, (In millions) | Seed | Crop Protection | Total
2022 |  |  |
Net sales | $ | 862 |  | $ | 1,915 |  | $ | 2,777 |
Segment operating EBITDA | $ | (224) |  | $ | 352 |  | $ | 128 |
Segment assets 1 | $ | 22,665 |  | $ | 13,474 |  | $ | 36,139 |
2021 |  |  |
Net sales | $ | 738 |  | $ | 1,633 |  | $ | 2,371 |
Segment operating EBITDA | $ | (217) |  | $ | 206 |  | $ | (11) |
Segment assets 1 | $ | 23,701 |  | $ | 12,539 |  | $ | 36,240 |
1. Segment assets at December 31, 2021 were $23,270 million and $12,428 million for Seed and Crop Protection, respectively.
For the Nine Months Ended September 30, (In millions) | Seed | Crop Protection | Total
2022 |  |  |
Net Sales | $ | 7,333 |  | $ | 6,297 |  | $ | 13,630 |
Segment operating EBITDA | $ | 1,585 |  | $ | 1,352 |  | $ | 2,937 |
2021 |  |  |
Net sales | $ | 7,010 |  | $ | 5,166 |  | $ | 12,176 |
Segment operating EBITDA | $ | 1,523 |  | $ | 897 |  | $ | 2,420 |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
Segment assets to total assets (in millions) | September 30, 2022 | December 31, 2021 | September 30, 2021
Total segment assets | $ | 36,139 |  | $ | 35,698 |  | $ | 36,240 |
Corporate assets | 4,512 |  | 6,646 |  | 4,882 |
Total assets | $ | 40,651 |  | $ | 42,344 |  | $ | 41,122 |
Schedule of Additional Segment Details [Table Text Block] |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Three Months Ended September 30, 2022 |  |  |  |
Restructuring and asset related charges - net 1 | $ | (66) |  | $ | (20) |  | $ | (66) |  | $ | (152) |
Estimated settlement expense 2 | — |  | (40) |  | — |  | (40) |
Inventory write-offs 3 | (32) |  | — |  | — |  | (32) |
Gain on sale of business 3 | — |  | 15 |  | — |  | 15 |
Settlement cost associated with Russia Exit 3 | (2) |  | — |  | — |  | (2) |
Employee Retention Credit | 6 |  | 3 |  | — |  | 9 |
Total | $ | (94) |  | $ | (42) |  | $ | (66) |  | $ | (202) |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Three Months Ended September 30, 2021 |  |  |  |
Restructuring and asset related charges - net 1 | $ | (9) |  | $ | (8) |  | $ | (9) |  | $ | (26) |
Equity securities mark-to-market gain | 47 |  | — |  | — |  | 47 |
Total | $ | 38 |  | $ | (8) |  | $ | (9) |  | $ | 21 |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Nine Months Ended September 30, 2022 |  |  |  |
Restructuring and asset related charges - net 1 | $ | (197) |  | $ | (20) |  | $ | (83) |  | $ | (300) |
Estimated settlement expense 2 | — |  | (57) |  | — |  | (57) |
Inventory write-offs 3 | (33) |  | — |  | — |  | (33) |
Gain on sale of business 3 | — |  | 15 |  | — |  | 15 |
Loss on exit of non-strategic asset 3 | (5) |  | — |  | — |  | (5) |
Settlement costs associated with Russia Exit 3 | (8) |  | — |  | — |  | (8) |
Employee Retention Credit | 6 |  | 3 |  | — |  | 9 |
Total | $ | (237) |  | $ | (59) |  | $ | (83) |  | $ | (379) |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Nine Months Ended September 30, 2021 |  |  |  |
Restructuring and asset related charges - net 1 | $ | (145) |  | $ | (51) |  | $ | (65) |  | $ | (261) |
Equity securities mark-to-market gain | 47 |  | — |  | — |  | 47 |
Total | $ | (98) |  | $ | (51) |  | $ | (65) |  | $ | (214) |
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 3.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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