XML 23 R12.htm IDEA: XBRL DOCUMENT v3.20.2
REVENUE
9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] REVENUE
Revenue Recognition
Products
Substantially all of DuPont's revenue is derived from product sales. Product sales consist of sales of DuPont's products to manufacturers and distributors. DuPont considers purchase orders, which in some cases are governed by master supply agreements, to be a contract with a customer. Contracts with customers are considered to be short-term when the time between order confirmation and satisfaction of the performance obligations is equal to or less than one year.

Disaggregation of Revenue
The Company disaggregates its revenue from contracts with customers by segment and business or major product line and geographic region, as the Company believes it best depicts the nature, amount, timing and uncertainty of its revenue and cash flows.

During the second quarter of 2020, Electronics & Imaging realigned a component within the Semiconductor Technologies product line to the Image Solutions product line. The reporting changes have been retrospectively reflected for all periods presented.
Net Trade Revenue by Segment and Business or Major Product LineThree Months Ended
September 30,
Nine Months Ended
September 30,
In millions2020201920202019
Image Solutions$172 $167 $491 $507 
Interconnect Solutions370 339 910 859 
Semiconductor Technologies462 428 1,392 1,251 
Electronics & Imaging$1,004 $934 $2,793 $2,617 
Food & Beverage$686 $736 $2,163 $2,237 
Health & Biosciences570 582 1,754 1,756 
Pharma Solutions211 207 640 625 
Nutrition & Biosciences$1,467 $1,525 $4,557 $4,618 
Healthcare & Specialty$352 $376 $1,002 $1,148 
Industrial & Consumer233 274 680 875 
Mobility Solutions460 559 1,339 1,772 
Transportation & Industrial$1,045 $1,209 $3,021 $3,795 
Safety Solutions$534 $630 $1,746 $1,952 
Shelter Solutions387 411 1,051 1,166 
Water Solutions328 286 972 833 
Safety & Construction$1,249 $1,327 $3,769 $3,951 
Biomaterials$37 $54 $98 $166 
Clean Technologies48 78 175 219 
DuPont Teijin Films47 48 124 127 
Photovoltaic & Advanced Materials 1
199 223 608 707 
Sustainable Solutions 2
— 28 — 108 
Non-Core$331 $431 $1,005 $1,327 
Total$5,096 $5,426 $15,145 $16,308 
1. The TCS Business within Photovoltaic & Advanced Materials was divested in the third quarter of 2020.
2. The Sustainable Solutions business was divested in the third quarter of 2019.

Net Trade Revenue by Geographic RegionThree Months Ended
September 30,
Nine Months Ended
September 30,
In millions2020201920202019
U.S. & Canada$1,620 $1,822 $4,875 $5,424 
EMEA 1
1,069 1,227 3,405 3,898 
Asia Pacific2,120 2,057 6,045 6,036 
Latin America287 320 820 950 
Total$5,096 $5,426 $15,145 $16,308 
1.Europe, Middle East and Africa.
Contract Balances
From time to time, the Company enters into arrangements in which it receives payments from customers based upon contractual billing schedules. The Company records accounts receivable when the right to consideration becomes unconditional. Contract assets include amounts related to the Company’s contractual right to consideration for completed performance obligations not yet invoiced. Contract liabilities primarily reflect deferred revenue from advance payment for product that the Company has received from customers. The Company classifies deferred revenue as current or noncurrent based on the timing of when the Company expects to recognize revenue.

Revenue recognized in the first nine months of 2020 from amounts included in contract liabilities at the beginning of the period was approximately $25 million (approximately $28 million in the first nine months of 2019). The amount of contract assets reclassified to receivables as a result of the right to the transaction consideration becoming unconditional was insignificant. The Company did not recognize any asset impairment charges related to contract assets during the period.
Contract BalancesSeptember 30, 2020December 31, 2019
In millions
Accounts and notes receivable - trade 1
$2,938 $3,007 
Contract assets - current 2
$— $35 
Deferred revenue - current 3
$18 $20 
Deferred revenue - noncurrent 4
$25 $24 
1.Included in "Accounts and notes receivable - net" in the interim Condensed Consolidated Balance Sheets.
2.Included in "Other current assets" in the interim Condensed Consolidated Balance Sheets.
3.Included in "Accrued and other current liabilities" in the interim Condensed Consolidated Balance Sheets.
4.Included in "Other noncurrent obligations" in the interim Condensed Consolidated Balance Sheets.