XML 61 R49.htm IDEA: XBRL DOCUMENT
v3.23.2

Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
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 June 30, | Six Months Ended June 30,
2023 | 2022 | 2023 | 2022
Income (loss) from continuing operations after income taxes | $ | 880 |  | $ | 1,002 |  | $ | 1,487 |  | $ | 1,579 |
Provision for (benefit from) income taxes on continuing operations | 204 |  | 325 |  | 373 |  | 446 |
Income (loss) from continuing operations before income taxes | 1,084 |  | 1,327 |  | 1,860 |  | 2,025 |
Depreciation and amortization | 306 |  | 302 |  | 593 |  | 609 |
Interest income | (54) |  | (24) |  | (94) |  | (39) |
Interest expense | 82 |  | 16 |  | 113 |  | 25 |
Exchange (gains) losses | 104 |  | 36 |  | 140 |  | 83 |
Non-operating (benefits) costs | 44 |  | (60) |  | 87 |  | (125) |
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges | 63 |  | (33) |  | 78 |  | 3 |
Significant items (benefit) charge | 117 |  | 155 |  | 200 |  | 177 |
Corporate expenses | 32 |  | 30 |  | 56 |  | 51 |
Segment operating EBITDA | $ | 1,778 |  | $ | 1,749 |  | $ | 3,033 |  | $ | 2,809 |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
As of and for the Three Months Ended June 30, (In millions) | Seed | Crop Protection | Total
2023 |  |  |
Net sales | $ | 4,264 |  | $ | 1,781 |  | $ | 6,045 |
Segment operating EBITDA | $ | 1,458 |  | $ | 320 |  | $ | 1,778 |
Segment assets 1 | $ | 22,952 |  | $ | 16,342 |  | $ | 39,294 |
2022 |  |  |
Net sales | $ | 3,947 |  | $ | 2,305 |  | $ | 6,252 |
Segment operating EBITDA | $ | 1,240 |  | $ | 509 |  | $ | 1,749 |
Segment assets 1 | $ | 22,757 |  | $ | 13,532 |  | $ | 36,289 |
1. Segment assets at December 31, 2022 were $22,952 million and $14,097 million for Seed and Crop Protection, respectively.
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
Segment assets to total assets (in millions) | June 30, 2023 | December 31, 2022 | June 30, 2022
Total segment assets | $ | 39,294 |  | $ | 37,049 |  | $ | 36,289 |
Corporate assets | 4,895 |  | 5,569 |  | 4,617 |
Total assets | $ | 44,189 |  | $ | 42,618 |  | $ | 40,906 |
Schedule of Additional Segment Details [Table Text Block] |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Three Months Ended June 30, 2023 |  |  |  |
Restructuring and asset related charges - net 1 | $ | (54) |  | $ | (5) |  | $ | (1) |  | $ | (60) |
Estimated settlement expense 2 | — |  | (41) |  | — |  | (41) |
Inventory write-offs 3 | (3) |  | — |  | — |  | (3) |
Seed sale associated with Russia Exit 3,4 | (1) |  | — |  | — |  | (1) |
Acquisition-related costs 5 | — |  | (15) |  | — |  | (15) |
Employee Retention Credit | — |  | 3 |  | — |  | 3 |
Total | $ | (58) |  | $ | (58) |  | $ | (1) |  | $ | (117) |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Three Months Ended June 30, 2022 |  |  |  |
Restructuring and asset related charges - net 1 | $ | (126) |  | $ | (2) |  | $ | (15) |  | $ | (143) |
Inventory write-offs 3 | (1) |  | — |  | — |  | (1) |
Loss on sale of equity investment 3 | (5) |  | — |  | — |  | (5) |
Settlement costs associated with Russia Exit 3 | (6) |  | — |  | — |  | (6) |
Total | $ | (138) |  | $ | (2) |  | $ | (15) |  | $ | (155) |
(in millions) | Seed | Crop Protection | Corporate | Total
For the Six Months Ended June 30, 2023 |  |  |  |
Restructuring and asset related charges - net 1 | $ | (75) |  | $ | (11) |  | $ | (7) |  | $ | (93) |
Estimated settlement expense 2 | — |  | (90) |  | — |  | (90) |
Inventory write-offs 3 | (7) |  | — |  | — |  | (7) |
Gain (loss) on sale of assets and equity investments 3 | — |  | 3 |  | — |  | 3 |
Seed sale associated with Russia Exit 3,4 | 18 |  | — |  | — |  | 18 |
Acquisition-related costs 5 | — |  | (34) |  | — |  | (34) |
Employee Retention Credit | — |  | 3 |  | — |  | 3 |
Total | $ | (64) |  | $ | (129) |  | $ | (7) |  | $ | (200) |
(in millions) | Seed | Crop Protection | Corporate | Total
For the Six Months Ended June 30, 2022 |  |  |  |
Restructuring and asset related charges - net 1 | $ | (131) |  | $ | — |  | $ | (17) |  | $ | (148) |
Estimated settlement expense 2 | — |  | (17) |  | — |  | (17) |
Inventory write-offs 3 | (1) |  | — |  | — |  | (1) |
Loss on sale of equity investment 3 | (5) |  | — |  | — |  | (5) |
Settlement costs associated with Russia Exit 3 | (6) |  | — |  | — |  | (6) |
Total | $ | (143) |  | $ | (17) |  | $ | (17) |  | $ | (177) |
1.Includes restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 5 - Restructuring and Asset Related Charges - Net, to the interim 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 (charge) of $(1) million and $18 million for the three and six months ended June 30, 2023, respectively, 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 $30 million and $71 million of net sales and $31 million and $53 million of cost of goods sold for the three and six months ended June 30, 2023, respectively. 5.Relates to acquisition-related costs, including transaction and third-party integration costs associated with the completed acquisitions of Stoller and Symborg as well as the recognition of the inventory fair value step-up. See Note 3 - Business Combinations, to the interim Consolidated Financial Statements, for additional information.

X
- Definition Schedule of Additional Segment Details [Table Text Block] + References No definition available. + Details
Name: | ctva_ScheduleofAdditionalSegmentDetailsTableTextBlock
Namespace Prefix: | ctva_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
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