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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting Information [Line Items] |
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
2024 |  |  |
Net sales | $ | 691 |  | $ | 1,635 |  | $ | 2,326 |
Segment operating EBITDA | (320) |  | 246 |  | (74) |
Segment assets 1 | 22,192 |  | 14,895 |  | 37,087 |
2023 |  |  |
Net sales | $ | 878 |  | $ | 1,712 |  | $ | 2,590 |
Segment operating EBITDA | (138) |  | 184 |  | 46 |
Segment assets 1 | 22,829 |  | 15,446 |  | 38,275 |
1. Segment assets at December 31, 2023 were $22,732 million and $15,004 million for Seed and Crop Protection, respectively.
As of and for the Nine Months Ended September 30, (In millions) | Seed | Crop Protection | Total
2024 |  |  |
Net sales | $ | 7,773 |  | $ | 5,157 |  | $ | 12,930 |
Segment operating EBITDA | 2,126 |  | 811 |  | 2,937 |
2023 |  |  |
Net sales | $ | 7,837 |  | $ | 5,682 |  | $ | 13,519 |
Segment operating EBITDA | 1,972 |  | 1,107 |  | 3,079 |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
Segment assets to total assets (In millions) | September 30, 2024 | December 31, 2023 | September 30, 2023
Total segment assets | $ | 37,087 |  | $ | 37,736 |  | $ | 38,275 |
Corporate assets | 4,821 |  | 5,260 |  | 4,835 |
Total assets | $ | 41,908 |  | $ | 42,996 |  | $ | 43,110 |
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 | Three Months Ended September 30, | Nine Months Ended September 30,
(In millions) | 2024 | 2023 | 2024 | 2023
Income (loss) from continuing operations after income taxes | $ | (519) |  | $ | (315) |  | $ | 913 |  | $ | 1,172 |
Provision for (benefit from) income taxes on continuing operations | (114) |  | (129) |  | 274 |  | 244 |
Income (loss) from continuing operations before income taxes | $ | (633) |  | $ | (444) |  | $ | 1,187 |  | $ | 1,416 |
Depreciation and amortization | 306 |  | 306 |  | 925 |  | 899 |
Interest income | (33) |  | (59) |  | (93) |  | (153) |
Interest expense | 66 |  | 58 |  | 173 |  | 171 |
Exchange (gains) losses | 97 |  | 102 |  | 234 |  | 242 |
Non-operating (benefits) costs | 50 |  | 28 |  | 132 |  | 115 |
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges | 14 |  | (44) |  | (4) |  | 34 |
Significant items (benefit) charge | 33 |  | 71 |  | 297 |  | 271 |
Corporate expenses | 26 |  | 28 |  | 86 |  | 84 |
Segment operating EBITDA | $ | (74) |  | $ | 46 |  | $ | 2,937 |  | $ | 3,079 |

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- 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
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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 -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
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