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Revenue (Notes) | 3 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
Revenue | REVENUE Remaining Performance Obligations Remaining performance obligations represent the transaction price allocated to unsatisfied or partially unsatisfied performance obligations. The company applies the practical expedient to disclose the transaction price allocated to the remaining performance obligations for only those contracts with an original duration of more than one year. The transaction price allocated to remaining performance obligations with an original duration of more than one year related to material rights granted to customers for contract renewal options were $147 million, $139 million and $140 million at September 30, 2025, December 31, 2024 and September 30, 2024, respectively. The company expects revenue to be recognized for the remaining performance obligations evenly over the period of one year to six years. Contract Balances Contract liabilities primarily reflect deferred revenue from prepayments under contracts with customers where the company receives advance payments for products to be delivered in future periods. Corteva classifies deferred revenue as current or noncurrent based on the timing of when the company expects to recognize revenue. Contract assets primarily include amounts related to conditional rights to consideration for completed performance not yet invoiced. Accounts receivable are recorded when the right to consideration becomes unconditional.
Contract Balances | September 30, 2025 | December 31, 2024 | September 30, 2024
(In millions)
Accounts and notes receivable - trade 1 | $ | 6,428 |  | $ | 4,615 |  | $ | 5,501 |
Contract assets - current 2 | $ | 33 |  | $ | 30 |  | $ | 29 |
Contract assets - noncurrent 3 | $ | 81 |  | $ | 74 |  | $ | 73 |
Deferred revenue - current | $ | 483 |  | $ | 3,287 |  | $ | 429 |
Deferred revenue - noncurrent 4 | $ | 123 |  | $ | 114 |  | $ | 115 |
1.Included in accounts and notes receivable - net in the interim Consolidated Balance Sheets. 2.Included in other current assets in the interim Consolidated Balance Sheets. 3.Included in other assets in the interim Consolidated Balance Sheets. 4.Included in other noncurrent obligations in the interim Consolidated Balance Sheets. Revenue recognized during the nine months ended September 30, 2025 and 2024 from amounts included in deferred revenue at the beginning of the period was $3,202 million and $3,314 million, respectively. Disaggregation of Revenue Corteva's operations are classified into two reportable segments: Seed and Crop Protection. The company disaggregates its revenue by major product line and geographic region, as the company believes it best depicts the nature, amount and timing of its revenue and cash flows. Net sales by major product line are included below:
| Three Months Ended September 30, | Nine Months Ended September 30,
(In millions) | 2025 | 2024 | 2025 | 2024
Corn | $ | 586 |  | $ | 315 |  | $ | 5,616 |  | $ | 5,085 |
Soybean | 152 |  | 164 |  | 1,714 |  | 1,773 |
Other oilseeds | 141 |  | 135 |  | 550 |  | 566 |
Other | 38 |  | 77 |  | 281 |  | 349 |
Seed | 917 |  | 691 |  | 8,161 |  | 7,773 |
Herbicides | 813 |  | 736 |  | 2,668 |  | 2,568 |
Insecticides | 409 |  | 437 |  | 1,181 |  | 1,225 |
Fungicides | 222 |  | 216 |  | 868 |  | 761 |
Biologicals | 147 |  | 135 |  | 328 |  | 307 |
Other | 110 |  | 111 |  | 285 |  | 296 |
Crop Protection | 1,701 |  | 1,635 |  | 5,330 |  | 5,157 |
Total | $ | 2,618 |  | $ | 2,326 |  | $ | 13,491 |  | $ | 12,930 |
Sales are attributed to geographic regions based on customer location. Net sales by geographic region and segment are included below:
Seed | Three Months Ended September 30, | Nine Months Ended September 30,
(In millions) | 2025 | 2024 | 2025 | 2024
North America 1 | $ | 175 |  | $ | 170 |  | $ | 5,726 |  | $ | 5,394 |
EMEA 2 | 262 |  | 196 |  | 1,370 |  | 1,365 |
Latin America | 391 |  | 218 |  | 730 |  | 696 |
Asia Pacific | 89 |  | 107 |  | 335 |  | 318 |
Total | $ | 917 |  | $ | 691 |  | $ | 8,161 |  | $ | 7,773 |
Crop Protection | Three Months Ended September 30, | Nine Months Ended September 30,
(In millions) | 2025 | 2024 | 2025 | 2024
North America 1 | $ | 532 |  | $ | 440 |  | $ | 1,820 |  | $ | 1,703 |
EMEA 2 | 200 |  | 219 |  | 1,316 |  | 1,311 |
Latin America | 770 |  | 771 |  | 1,545 |  | 1,458 |
Asia Pacific | 199 |  | 205 |  | 649 |  | 685 |
Total | $ | 1,701 |  | $ | 1,635 |  | $ | 5,330 |  | $ | 5,157 |
1.Represents U.S. & Canada. 2.Europe, Middle East and Africa ("EMEA").

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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