XML 54 R34.htm IDEA: XBRL DOCUMENT
v3.22.4

EIDP Segment FN (Notes) | 12 Months Ended
--- | ---
Dec. 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. Effective January 1, 2021, on a prospective basis, the company excludes from segment operating EBITDA net unrealized gain or loss from mark-to- market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting. Non-operating (benefits) costs consists of non-operating pension and other post-employment benefit (OPEB) credits (costs), tax indemnification adjustments, environmental remediation and legal costs associated with legacy EIDP businesses and sites, and the 2021 officer indemnification payment. 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. Corporate Profile The company conducts its global operations through the following reportable segments: Seed The company’s seed segment is a global leader in developing and supplying advanced germplasm and traits that produce optimum yield for farms around the world. The segment is a leader in many of the company’s key seed markets, including North America corn and soybeans, Europe corn and sunflower, as well as Brazil, India, South Africa and Argentina corn. The segment offers trait technologies that improve resistance to weather, disease, insects and enhance food and nutritional characteristics, herbicides used to control weeds, and digital solutions that assist farmer decision-making to help maximize yield and profitability. Crop Protection The crop protection segment serves the global agricultural input industry with products that protect against weeds, insects and other pests, and disease, and that improve overall crop health both above and below ground via nitrogen management and seed-applied technologies. The segment offers crop protection solutions and digital solutions that provide farmers the tools they need to improve productivity and profitability, and help keep fields free of weeds, insects and diseases. The segment is a leader in global herbicides, insecticides, nitrogen stabilizers and pasture and range management herbicides.
(In millions) | Seed | Crop Protection | Total
As of and for the Year Ended December 31, 2022 |  |  |
Net sales | $ | 8,979 |  | $ | 8,476 |  | $ | 17,455 |
Segment operating EBITDA | $ | 1,656 |  | $ | 1,684 |  | $ | 3,340 |
Depreciation and amortization | $ | 839 |  | $ | 384 |  | $ | 1,223 |
Segment assets | $ | 22,952 |  | $ | 14,097 |  | $ | 37,049 |
Investments in nonconsolidated affiliates | $ | 35 |  | $ | 67 |  | $ | 102 |
Purchases of property, plant and equipment | $ | 225 |  | $ | 380 |  | $ | 605 |
As of and for the Year Ended December 31, 2021 |  |  |
Net sales | $ | 8,402 |  | $ | 7,253 |  | $ | 15,655 |
Segment operating EBITDA | $ | 1,512 |  | $ | 1,202 |  | $ | 2,714 |
Depreciation and amortization | $ | 866 |  | $ | 377 |  | $ | 1,243 |
Segment assets | $ | 23,270 |  | $ | 12,428 |  | $ | 35,698 |
Investments in nonconsolidated affiliates | $ | 29 |  | $ | 47 |  | $ | 76 |
Purchases of property, plant and equipment | $ | 237 |  | $ | 336 |  | $ | 573 |
As of and for the Year Ended December 31, 2020 |  |  |
Net sales | $ | 7,756 |  | $ | 6,461 |  | $ | 14,217 |
Segment operating EBITDA | $ | 1,208 |  | $ | 1,004 |  | $ | 2,212 |
Depreciation and amortization | $ | 798 |  | $ | 379 |  | $ | 1,177 |
Segment assets | $ | 23,751 |  | $ | 13,099 |  | $ | 36,850 |
Investments in nonconsolidated affiliates | $ | 22 |  | $ | 44 |  | $ | 66 |
Purchase of property, plant and equipment | $ | 225 |  | $ | 250 |  | $ | 475 |
Reconciliation to Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDA | For the Year Ended December 31, |
(In millions) | 2022 | 2021 | 2020 |
Income (loss) from continuing operations after income taxes | $ | 1,216 |  | $ | 1,822 |  | $ | 756 |  |
Provision for (benefit from) income taxes on continuing operations | 210 |  | 524 |  | (81) |  |
Income (loss) from continuing operations before income taxes | 1,426 |  | 2,346 |  | 675 |  |
Depreciation and amortization | 1,223 |  | 1,243 |  | 1,177 |  |
Interest income | (124) |  | (77) |  | (56) |  |
Interest expense | 79 |  | 30 |  | 45 |  |
Exchange (gains) losses - net | 229 |  | 54 |  | 174 |  |
Non-operating (benefits) costs - net 1 | (111) |  | (1,256) |  | (316) |  |
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges 2 | — |  | — |  |  |
Significant items | 502 |  | 236 |  | 388 |  |
Corporate expenses | 116 |  | 138 |  | 125 |  |
Segment operating EBITDA | $ | 3,340 |  | $ | 2,714 |  | $ | 2,212 |  |
1.The year ended December 31, 2021 includes non-cash benefits related to the 2020 OPEB Plan Amendments. Refer to Note 17 - Pension Plans and Other Post Employment Benefits, to the Consolidated Financial Statements, for additional information. 2.Effective January 1, 2021, on a prospective basis, the company excludes net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting. There was no unrealized mark-to-market (gain) loss for the year ended December 31, 2020.
Segment assets to total assets (in millions) | December 31, 2022 | December 31, 2021
Total segment assets | $ | 37,049 |  | $ | 35,698 |
Corporate assets | 5,569 |  | 6,646 |
Total assets | $ | 42,618 |  | $ | 42,344 |
Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA The years ended December 31, 2022, 2021 and 2020, 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 Year Ended December 31, 2022 |  |  |  |
Restructuring and Asset Related Charges - Net 1 | $ | (228) |  | $ | (37) |  | $ | (98) |  | $ | (363) |
Estimated settlement expense 2 | — |  | (87) |  | — |  | (87) |
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 |
AltEn facility remediation charges | (33) |  | — |  | — |  | (33) |
Seed sale associated with Russia Exit 3,4 | 3 |  | — |  | — |  | 3 |
Total | $ | (298) |  | $ | (106) |  | $ | (98) |  | $ | (502) |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Year Ended December 31, 2021 |  |  |  |
Restructuring and Asset Related Charges - Net 1 | $ | (152) |  | $ | (59) |  | $ | (78) |  | $ | (289) |
Equity securities mark-to-market gain (loss) | 47 |  | — |  | — |  | 47 |
Employee Retention Credit | 37 |  | 23 |  | — |  | 60 |
Contract termination | (30) |  | (24) |  | — |  | (54) |
Total | $ | (98) |  | $ | (60) |  | $ | (78) |  | $ | (236) |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Year Ended December 31, 2020 |  |  |  |
Restructuring and Asset Related Charges - Net 1 | $ | (165) |  | $ | (109) |  | $ | (61) |  | $ | (335) |
Loss on sale of asset 5 | — |  | (53) |  | — |  | (53) |
Total | $ | (165) |  | $ | (162) |  | $ | (61) |  | $ | (388) |
1.Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization. See Note 5 - Restructuring and Asset Related Charges - Net, to the Consolidated Financial Statements, for additional information. 2.Consists of estimated Lorsban® related charges. 3.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions. 4.Includes a benefit of $3 million relating to the sale of seeds already under production in Russia when the decision to exit the country was made and that the Company was contractually required to purchase. It consists of $8 million of net sales and $5 million of cost of goods sold. 5.Includes a loss recorded in other income (expense) - net in the Consolidated Statement of Operations related to the sale of the La Porte site.
EIDP |
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 EIDP. In addition, there are no differences between Corteva, Inc. and EIDP segment net sales, segment operating EBITDA, segment assets, or significant items by segment; refer to page F-64 of the Corteva, Inc. 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 EIDP. Reconciliation to Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions) | For the Year Ended December 31, |
2022 | 2021 | 2020 |
Income (loss) from continuing operations after income taxes | $ | 1,182 |  | $ | 1,784 |  | $ | 680 |  |
Provision for (benefit from) income taxes on continuing operations | 199 |  | 512 |  | (105) |  |
Income (loss) from continuing operations before income taxes | 1,381 |  | 2,296 |  | 575 |  |
Depreciation and amortization | 1,223 |  | 1,243 |  | 1,177 |  |
Interest income | (124) |  | (77) |  | (56) |  |
Interest expense | 124 |  | 80 |  | 145 |  |
Exchange losses - net | 229 |  | 54 |  | 174 |  |
Non-operating (benefits) costs - net 1 | (111) |  | (1,256) |  | (316) |  |
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges 2 | — |  | — |  | — |  |
Significant items | 502 |  | 236 |  | 388 |  |
Corporate expenses | 116 |  | 138 |  | 125 |  |
Segment operating EBITDA | $ | 3,340 |  | $ | 2,714 |  | $ | 2,212 |  |
1.The year ended December 31, 2021 includes non-cash benefits related to the 2020 OPEB Plan Amendments. Refer to Note 17 - Pension Plans and Other Post Employment Benefits, to the Consolidated Financial Statements, for additional information. 2.Effective January 1, 2021, on a prospective basis, the company excludes net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting. There was no unrealized mark-to-market (gain) loss for the year ended December 31, 2020.

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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://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=ctva_EIDPMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |