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SEGMENTS AND GEOGRAPHIC REGIONS
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENTS AND GEOGRAPHIC REGIONS SEGMENTS AND GEOGRAPHIC REGIONS
The information below reflects the 2025 Segment Realignment structure. Refer to Note 1 for further details.

The Company's segments are aligned with the market verticals they serve, while maintaining integration and innovation strengths within strategic value chains. DuPont is comprised of two operating segments: ElectronicsCo and IndustrialsCo. Major products by segment include: ElectronicsCo (CMP pads and slurries, photoresists and advanced coatings for lithography, removers and cleaners; dielectric and metallization solutions for advanced chip packaging, specialty thermal materials and laminates); and IndustrialsCo (medical packaging, medical silicones, specialty medical devices, water purification and separation, water filtration and purification resins, flexible packaging products, nonwovens, aramids, construction materials, auto adhesives and fluids). The Company operates globally in substantially all of its product lines. Transfers of products between operating segments are generally valued at cost, to the extent such transfers are applicable.

The revenues and certain expenses of the M&M Divestitures are classified as discontinued operations in the current and historical periods. The Auto Adhesives & Fluids, MultibaseTM and Tedlar® product lines within the historical Mobility & Materials segment (the "Retained Businesses") are not included in the scope of the M&M Divestitures and are reflected within IndustrialsCo. Corporate includes DuPont's equity interest in Derby Holdings Group related to the Delrin® Divestiture.

The historic Mobility & Material segment costs that are classified as discontinued operations include only direct operating expenses incurred prior to the November 1, 2022 M&M Divestiture and November 1, 2023 Delrin® Divestiture. Indirect costs, such as those related to corporate and shared service functions previously allocated to the M&M Businesses, do not meet the criteria for discontinued operations and remain reported within continuing operations. A portion of these indirect costs include costs related to activities the Company will continue to undertake post-closing of the M&M Divestitures, and for which it is reimbursed (“Future Reimbursable Indirect Costs”). Future Reimbursable Indirect Costs are reported within continuing operations but are excluded from operating EBITDA as defined below. The remaining portion of these indirect costs are not subject to future reimbursement (“Stranded Costs”). Stranded Costs are reported within continuing operations in Corporate and are included within Operating EBITDA.

The Company's measure of profit/loss for segment reporting purposes is Operating EBITDA as this is the manner in which the Company's chief operating decision maker ("CODM"), the Chief Executive Officer, assesses performance and allocates resources. The CODM utilizes Operating EBITDA to assess financial performance and allocate resources by comparing actual results to historical and previously forecasted results. The Company defines Operating EBITDA as earnings (i.e., “Income from continuing operations before income taxes") before interest, depreciation, amortization, non-operating pension / OPEB benefits / charges, and foreign exchange gains / losses, excluding Future Reimbursable Indirect Costs, and adjusted for significant items. Reconciliations of these measures are provided on the following pages.

Sales are attributed to geographic regions based on customer location; long-lived assets are attributed to geographic regions based on asset location.
Net Trade Revenue by Geographic Region202420232022
(In millions) For the years ended December 31,
United States$4,102 $3,914 $4,066 
Canada273 271 293 
EMEA 1
2,146 2,203 2,193 
Asia Pacific 2
5,368 5,191 6,022 
Latin America497 489 443 
Total$12,386 $12,068 $13,017 
1.Europe, Middle East and Africa.
2. Net sales attributed to China/Hong Kong, for the years ended December 31, 2024, 2023 and 2022 were $2,345 million, $2,206 million, and $2,744 million, respectively.

Long-lived Assets by Geographic RegionDecember 31,
In millions202420232022
United States$3,590 $3,559 $3,501 
Canada60 54 49 
EMEA 1
1,259 1,336 1,271 
Asia Pacific823 896 883 
Latin America36 39 27 
Total$5,768 $5,884 $5,731 
1.Europe, Middle East and Africa.
Segment Revenue, Significant Segment Expenses and Segment Operating EBITDAFor the years ended December 31,
202420232022
(In millions)ElectronicsCoIndustrialsCoElectronicsCoIndustrialsCoElectronicsCoIndustrialsCo
Segment net sales$4,336 $8,050 $4,034 $8,034 $4,757 $8,179 
Less 1:
Cost of sales$2,338 $5,467 $2,283 $5,529 $2,608 $5,702 
Selling, general and administrative expenses567 885 495 801 493 793 
Research and development expenses314 214 304 201 333 194 
Amortization of intangibles & other segment items 2
214 362 256 333 269 306 
Add:
Equity in earnings of nonconsolidated affiliates$37 $30 $16 $35 $31 $39 
Depreciation and amortization 3
432 767 442 710 444 671 
Segment Operating EBITDA$1,372 $1,919 $1,154 $1,915 $1,529 $1,894 
1.The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
2.Other segment items include immaterial other gains or losses and miscellaneous income and expenses.
3.Depreciation is a reconciling item to Segment Operating EBITDA as it is included within Cost of sales, Selling, general and administrative expenses and Research and development expenses.

Total reportable segment net sales are $12,386 million, $12,068 million and $12,936 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Reconciliation of Segment Operating EBITDA to Income from continuing operations before income taxesFor the years ended December 31,
(In millions)202420232022
ElectronicsCo Segment Operating EBITDA$1,372 $1,154 $1,529 
IndustrialsCo Segment Operating EBITDA1,919 1,915 1,894 
Total Segment Operating EBITDA$3,291 $3,069 $3,423 
+Corporate Operating EBITDA$(147)$(127)$(162)
-Depreciation and amortization1,194 1,147 1,135 
+
Interest income 1
73 155 50 
-
Interest expense 2
364 396 486 
+
Non-operating pension/OPEB benefit costs (credits) 1
18 (9)28 
+
Foreign exchange gains (losses), net 1
3 (73)15 
-Future reimbursable indirect costs— 7 52 
+Significant items charge(488)(961)(233)
Income from continuing operations before income taxes$1,192 $504 $1,448 
1.Included in "Sundry income (expense) - net."
2.The years ended December 31, 2024 and 2022 excludes significant items, refer to details below.
The following tables summarize the pre-tax impact of significant items that are excluded from Operating EBITDA above:
Significant Items for the Year Ended December 31, 2024ElectronicsCoIndustrialsCoCorporateTotal
In millions
Acquisition, integration and separation costs 1
$— $(12)$(156)$(168)
Restructuring and asset related charges - net 2
(4)(78)(5)(87)
Inventory write-offs 3
— (25)— (25)
Inventory step-up amortization 4
— (2)— (2)
Loss on debt extinguishment 5
— — (74)(74)
Interest rate swap items 6
— — (140)(140)
Income tax items 7
— — 8 8 
Total$(4)$(117)$(367)$(488)
1. Acquisition, integration and separation costs related to the Previously Intended Business Separations and the Intended Electronics Separation, and the acquisitions of Spectrum and Donatelle Plastics.
2. Includes restructuring actions and asset related charges. See Note 6 for additional information.
3. Reflects inventory write-offs recorded in “Cost of Sales” in connection with restructuring actions. See Note 6 for additional information.
4. Reflects the amortization of an inventory step-up adjustment related the Donatelle Plastics Acquisition.
5. Reflects the loss on extinguishment of debt related to the partial redemption of an aggregate principal amount of the 2038 Notes. Refer to Note 15 for further details.
6. Includes the non-cash mark-to-market loss related to the 2022 Swaps and 2024 Swaps, net interest settlement loss related to the 2022 Swaps and $2 million of basis amortization on the 2022 Swaps. Refer to Note 21 for further details.
7. Reflects the impact of an indemnified international tax audit.

Significant Items for the Year Ended December 31, 2023ElectronicsCoIndustrialsCoCorporateTotal
In millions
Acquisition, integration and separation costs 1
$— $(20)$— $(20)
Restructuring and asset related charges - net 2
(38)(66)(42)(146)
Goodwill impairment charge 3
— (804)— (804)
Gain on divestiture 4
7 1 1 9 
Total$(31)$(889)$(41)$(961)
1. Acquisition, integration and separation costs related to the Spectrum Acquisition.
2. Includes restructuring actions and asset related charges. See Note 6 for additional information.
3. Reflects a non-cash goodwill impairment charge in the former Protection reporting unit (which is now split among the Healthcare, Aramids and Shelter reporting units), within the former Water & Protection segment (currently the IndustrialsCo segment). See Note 14 for additional information.
4. Reflected in "Sundry income (expense) - net."

Significant Items for the Year Ended December 31, 2022ElectronicsCoIndustrialsCoCorporateTotal
In millions
Acquisition, integration and separation costs 1
$— $— $(193)$(193)
Restructuring and asset related charges - net 2
(19)(22)(20)(61)
Asset impairment charges 3
(94)— — (94)
Gain on divestiture 4
— 37 32 69 
Terminated Intended Rogers Acquisition financing fees 5
— — (6)(6)
Employee Retention Credit 6
20 20 12 52 
Total$(93)$35 $(175)$(233)
1. Acquisition, integration and separation costs related to strategic initiatives including the sale of the Biomaterials business unit, the acquisition of Laird PM, and the termination fee of $162.5 million associated with the Terminated Intended Rogers Corporation Acquisition.
2. Includes restructuring actions and asset related charges. See Note 6 for additional information.
3. Relates to an impairment of an equity method investment. See Note 6 for additional information.
4. Reflected in "Sundry income (expense) - net." See Note 7 for additional information.
5. Includes acquisition costs associated with the Terminated Intended Rogers Corporation Acquisition related to the financing agreements, specifically the structuring fees and the amortization of the commitment fees reflected in "Interest Expense."
6. 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”) reflected in "Cost of sales," "Research and development expenses" and "Selling, general and administrative expenses."
Segment and Corporate InformationElectronicsCoIndustrialsCoCorporateTotal
In millions
For the Year Ended December 31, 2024
Assets of continuing operations$13,514 $19,430 $3,692 $36,636 
Investment in nonconsolidated affiliates382 278 118 778 
Capital expenditures271 348 — 619 
For the Year Ended December 31, 2023
Assets of continuing operations$13,759 $19,970 $4,823 $38,552 
Investment in nonconsolidated affiliates386 280 122 788 
Capital expenditures255 335 — 590 
For the Year Ended December 31, 2022
Assets of continuing operations$14,226 $19,082 $6,756 $40,064 
Investment in nonconsolidated affiliates396 290 — 686 
Capital expenditures242 417 — 659 

Total Asset Reconciliation at December 31,202420232022
In millions
Assets of continuing operations$36,636 $38,552 $40,064 
Assets of discontinued operations— — 1,291 
Total assets$36,636 $38,552 $41,355 

Capital Expenditure Reconciliation to Consolidated Financial Statements202420232022
In millions
Segment Totals$619 $590 $659 
Other 1
(40)29 3 
Total$579 $619 $662 
1.Reflects the incremental cash spent or unpaid on capital expenditures; total capital expenditures are presented on a cash basis.