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Supplementary Information
 6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Financial Information Disclosure [Text Block] SUPPLEMENTARY INFORMATION
Other Income (Expense) - NetThree Months Ended June 30,Six Months Ended June 30,
(In millions)2024202320242023
Interest income$25 $54 $60 $94 
Equity in earnings (losses) of affiliates - net(1)3 7 6 
Net gain (loss) on sales of businesses and other assets13 2 17 1 
Net exchange gains (losses)1
(78)(104)(137)(140)
Non-operating pension and other post employment benefit credits (costs)2
(36)(30)(72)(61)
Miscellaneous income (expenses) - net3
(36)(59)(87)(105)
Other income (expense) - net$(113)$(134)$(212)$(205)
1.Includes net pre-tax exchange gains (losses) of $(18) million and $(28) million associated with the devaluation of the Argentine Peso for the three and six months ended June 30, 2024, respectively, and $(46) million and $(67) million for the three and six months ended June 30, 2023, respectively.
2.Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized gain (loss), amortization of prior service benefit and settlement gain (loss)).
3.Includes estimated settlement reserves and other items. The three and six months ended June 30, 2024 also includes tax indemnification adjustments related 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, while the six months ended June 30, 2024 additionally includes the recognition of an indemnification payment negotiated with the prior Stoller owners. The three and six months ended June 30, 2023 also includes an adjustment to the Employee Retention Credit pursuant to the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act as enhanced by the Consolidated Appropriations Act (“CAA”) and American Rescue Plan Act (“ARPA”) due to a change in estimate. The six months ended June 30, 2023 also includes gains on the sale of assets, and a loss on the sale of the company's interest in an equity investment.

The following table summarizes the impacts of the company's foreign currency hedging program on the company's results of operations. The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The hedging program gains (losses) are largely taxable (tax deductible) in the U.S., whereas the offsetting exchange gains (losses) on the remeasurement of the net monetary asset positions are often not taxable (tax deductible) in their local jurisdictions. The net pre-tax exchange gains (losses) are recorded in other income (expense) - net and the related tax impact is recorded in provision for (benefit from) income taxes on continuing operations in the interim Consolidated Statements of Operations.
(In millions)Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Subsidiary Monetary Position Gain (Loss)
Pre-tax exchange gain (loss)$(66)$(48)$(43)$(78)
Local tax (expenses) benefits28 (1)18 8 
Net after-tax impact from subsidiary exchange gain (loss)$(38)$(49)$(25)$(70)
Hedging Program Gain (Loss)
Pre-tax exchange gain (loss)$(12)$(56)$(94)$(62)
Tax (expenses) benefits 2 14 19 16 
Net after-tax impact from hedging program exchange gain (loss)$(10)$(42)$(75)$(46)
Total Exchange Gain (Loss)
Pre-tax exchange gain (loss)$(78)$(104)$(137)$(140)
Tax (expenses) benefits30 13 37 24 
Net after-tax exchange gain (loss)$(48)$(91)$(100)$(116)
Non-Controlling Interest Adjustment— — 1 — 
Net after-tax exchange gain (loss) attributable to Corteva$(48)$(91)$(99)$(116)
Cash, cash equivalents and restricted cash equivalents
The following table provides a reconciliation of cash and cash equivalents and restricted cash equivalents presented in the interim Consolidated Balance Sheets to the total cash, cash equivalents and restricted cash equivalents presented in the interim Consolidated Statements of Cash Flows. Corteva classifies restricted cash equivalents as current or noncurrent based on the nature of the restrictions, which are included in other current assets and other assets, respectively, in the interim Consolidated Balance Sheets.
(In millions)June 30, 2024December 31, 2023June 30, 2023
Cash and cash equivalents$1,839 $2,644 $2,563 
Restricted cash equivalents302 514 400 
Total cash, cash equivalents and restricted cash equivalents$2,141 $3,158 $2,963 
Restricted cash equivalents is primarily comprised of a trust funded by EIDP for cash obligations under certain non-qualified benefit and deferred compensation plans due to the Merger, which was a change in control event, and contributions to escrow accounts established for the settlement of certain legal matters and the settlement of legacy PFAS matters and the associated qualified spend. During the second quarter of 2024, the previously-restricted cash in the Water District Settlement Fund was released, as further described in Note 13 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements. All of the company's restricted cash equivalents are classified as current as of June 30, 2024, December 31, 2023 and June 30, 2023, respectively.

Accounts payable
At June 30, 2024, December 31, 2023 and June 30, 2023, accounts payable was $3,300 million, $4,280 million and $3,379 million, respectively, which includes accounts payable - trade of $1,434 million, $2,952 million, and $1,541 million, respectively. Included in accounts payable – trade was seed grower compensation of approximately $20 million, $560 million, and $20 million at June 30, 2024, December 31, 2023 and June 30, 2023, respectively, which is measured at fair value using Level 2 inputs for each period presented.