XML 82 R61.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Segment Reporting (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
(In millions) | Seed | Crop Protection | Total
As of and for the Year Ended December 31, 2023 |  |  |
Net sales | $ | 9,472 |  | $ | 7,754 |  | $ | 17,226 |
Segment operating EBITDA | 2,117 |  | 1,374 |  | 3,491 |
Depreciation and amortization | 814 |  | 397 |  | 1,211 |
Segment assets | 22,732 |  | 15,004 |  | 37,736 |
Investments in nonconsolidated affiliates | 39 |  | 76 |  | 115 |
Purchases of property, plant and equipment | 332 |  | 263 |  | 595 |
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 |
Purchase of property, plant and equipment | 237 |  | 336 |  | 573 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] |
Income (loss) from continuing operations after income taxes to segment operating EBITDA | For the Year Ended December 31, |
(In millions) | 2023 | 2022 | 2021 |
Income (loss) from continuing operations after income taxes | $ | 941 |  | $ | 1,216 |  | $ | 1,822 |  |
Provision for (benefit from) income taxes on continuing operations | 152 |  | 210 |  | 524 |  |
Income (loss) from continuing operations before income taxes | 1,093 |  | 1,426 |  | 2,346 |  |
Depreciation and amortization | 1,211 |  | 1,223 |  | 1,243 |  |
Interest income | (283) |  | (124) |  | (77) |  |
Interest expense | 233 |  | 79 |  | 30 |  |
Exchange (gains) losses - net | 397 |  | 229 |  | 54 |  |
Non-operating (benefits) costs - net 1 | 151 |  | (111) |  | (1,256) |  |
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges | — |  | — |  | — |  |
Significant items | 579 |  | 502 |  | 236 |  |
Corporate expenses | 110 |  | 116 |  | 138 |  |
Segment operating EBITDA | $ | 3,491 |  | $ | 3,340 |  | $ | 2,714 |  |
1.The year ended December 31, 2021 includes non-cash benefits related to the 2020 OPEB Plan Amendments. Refer to Note 18 - Pension Plans and Other Post-Employment Benefits, to the Consolidated Financial Statements, for additional information.
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
Segment assets to total assets (in millions) | December 31, 2023 | December 31, 2022
Total segment assets | $ | 37,736 |  | $ | 37,049 |
Corporate assets | 5,260 |  | 5,569 |
Total assets | $ | 42,996 |  | $ | 42,618 |
Schedule of Additional Segment Details [Table Text Block] |
(In millions) | Seed | Crop Protection | Corporate | Total
For the Year Ended December 31, 2023 |  |  |  |
Restructuring and asset related charges - net 1 | $ | (86) |  | $ | (228) |  | $ | (22) |  | $ | (336) |
Estimated settlement expense 2 | — |  | (204) |  | — |  | (204) |
Inventory write-offs 3 | (7) |  | — |  | — |  | (7) |
Spare parts write-off 4 | — |  | (12) |  | — |  | (12) |
Gain (loss) on sale of business, assets and equity investments 3 | 4 |  | 10 |  | — |  | 14 |
Employee Retention Credit | — |  | 3 |  | — |  | 3 |
AltEn facility remediation charges | (10) |  | — |  | — |  | (10) |
Seed sale associated with Russia Exit 3,5 | 18 |  | — |  | — |  | 18 |
Acquisition-related costs 6 | — |  | (45) |  | — |  | (45) |
Total | $ | (81) |  | $ | (476) |  | $ | (22) |  | $ | (579) |
(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 (loss) on sale of business, assets and equity investments 3 | (5) |  | 15 |  | — |  | 10 |
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 3,5 | 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) |
1.Includes restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 6 - 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.Incremental loss associated with activities related to the Crop Protection Operations Strategy Restructuring Program. 5.Includes a benefit of $18 million and $3 million for the years ended December 31, 2023 and 2022, 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 $71 million and $8 million of net sales and $53 million and $5 million of cost of goods sold for the years ended December 31, 2023 and 2022, respectively. 6.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 4 - Business Combinations, to the 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
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration