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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of Segment Information
Three Months
Ended September 30,
Agriculture1
Electronics &
Communications
Industrial Biosciences
Nutrition & Health
Performance
Materials
Protection Solutions
Other
Total
2016
 

 

 
 
 

 

 

 

Net sales
$
1,119

$
493

$
392

$
823

$
1,334

$
722

$
34

$
4,917

Operating earnings
(189
)
108

78

135

371

162

(58
)
607

 
 
 
 
 
 
 
 
 
2015
 

 

 
 
 

 

 

 

Net sales
$
1,093

$
532

$
374

$
810

$
1,302

$
723

$
39

$
4,873

Operating earnings
(210
)
104

61

102

317

146

(87
)
433



Nine Months
Ended September 30,
Agriculture1
Electronics &
Communications
Industrial Biosciences
Nutrition & Health
Performance
Materials
Protection Solutions
Other
Total
2016
 

 

 
 
 

 

 

 

Net sales
$
8,123

$
1,439

$
1,099

$
2,459

$
3,918

$
2,237

$
108

$
19,383

Operating earnings
1,777

260

203

369

969

526

(167
)
3,937

 
 
 
 
 
 
 
 
 
2015
 

 

 
 
 

 

 

 

Net sales
$
8,248

$
1,577

$
1,081

$
2,449

$
4,021

$
2,319

$
136

$
19,831

Operating earnings
1,700

272

165

288

935

494

(164
)
3,690


1. 
As of September 30, 2016, Agriculture net assets were $10,121, an increase of $3,370 from $6,751 at December 31, 2015. The increase was primarily due to higher trade receivables related to normal seasonality in the sales and cash collections cycle.
Reconciliation to Consolidated Income Statements
 
Three Months Ended September 30,
Nine Months Ended
September 30,
 
2016
2015
2016
2015
Total segment operating earnings
$
607

$
433

$
3,937

$
3,690

Significant pre-tax (charges) benefits not included in segment operating earnings
(172
)
147

(166
)
255

Non-operating pension and other postretirement employee benefit costs
(114
)
(115
)
(321
)
(288
)
Net exchange (losses) gains1
(76
)
(36
)
(212
)
54

Corporate expenses2,3,4,5
(208
)
(120
)
(48
)
(439
)
Interest expense6
(93
)
(82
)
(278
)
(260
)
(Loss) income from continuing operations before income taxes
$
(56
)
$
227

$
2,912

$
3,012



1. 
Includes a charge of $(40) associated with re-measuring the company's Ukrainian hryvnia net monetary assets in the nine months ended September 30, 2015, which was recorded in other (loss) income, net in the company's interim Consolidated Income Statements.
2. 
Includes transaction costs associated with the planned merger with Dow and related activities of $(122) and $(222) in the three and nine months ended September 30, 2016, which were recorded in selling, general and administrative expenses in the company's interim Consolidated Income Statements. See Note 2 for additional information.
3. 
Includes a gain of $369 associated with the sale of DuPont (Shenzhen) Manufacturing Limited entity, which held certain buildings and other assets. The gain was recorded in other (loss) income, net, in the company's interim Consolidated Income Statement for the nine months ended September 30, 2016. See Note 3 for additional information.
4. 
Includes a $(3) and $57 net (charge) benefit recorded in employee separation / asset related charges, net in the three and nine months ended September 30, 2016, respectively, associated with the 2016 global cost savings and restructuring plan. See Note 4 for additional information.
5. 
Includes transaction costs associated with the separation of the Performance Chemicals segment of $(9) and $(26) in the three and nine months ended September 30, 2015, which were recorded in other operating charges in the company's interim Consolidated Income Statements. See Note 3 for additional information.
6. 
Includes transaction costs of $(20) in the nine months ended September 30, 2015, associated with the early retirement of debt exchanged for the notes received from Chemours in May 2015. These costs were recorded in interest expense in the company's interim Consolidated Income Statements. See Note 3 for additional information.
Schedule Of Additional Segment Details
Significant Pre-tax (Charges) Benefits Not Included in Segment Operating Earnings
The three and nine months ended September 30, 2016 and 2015, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating earnings:
 
Three Months Ended September 30,
Nine Months Ended September 30,
 
2016
2015
2016
2015
Agriculture1,2,3,5
$
(13
)
$
147

$
(51
)
$
178

Electronics & Communications2,5
(2
)
—

13

11

Industrial Biosciences2,5,7
(158
)
—

(154
)
(1
)
Nutrition & Health2,5
(1
)
—

12

(4
)
Performance Materials2,5
2

—

7

(2
)
Protection Solutions2,5,6
—

—

10

113

Other2,4,5
—

—

(3
)
(40
)
 
$
(172
)
$
147

$
(166
)
$
255


1. 
The nine months ended September 30, 2016 and the three and nine months ended September 30, 2015, includes $30, $147 and $182, respectively, of net insurance recoveries recorded in other operating charges for recovery of costs for customer claims related to the use of the Imprelis® herbicide. Includes $23 for reduction in accrual recorded in other operating charges for the nine months ended September 30, 2016, for customer claims related to the use of the Imprelis® herbicide.
2. 
The company recorded a $(17) and $71 net restructuring (charge) benefit in employee separation / asset related charges, net for the three and nine months ended September 30, 2016, respectively, associated with the 2016 global cost savings and restructuring program. See Note 4 for additional information.
3.  
Includes a $(75) restructuring charge recorded in employee separation / asset related charges, net for the nine months ended September 30, 2016, related to the decision not to re-start the insecticide manufacturing facility at the La Porte site located in La Porte, Texas. See Note 4 for additional information.
4. 
Includes a $(37) pre-tax impairment charge recorded in employee separation / asset related charges, net for a cost basis investment for the nine months ended September 30, 2015. See Note 4 for additional information.
5. 
The company recorded a $(2) net adjustment to the estimated costs associated with the 2014 restructuring program, in employee separation / asset related charges, net for the nine months ended September 30, 2015. These adjustments were primarily due to the identification of additional projects in certain segments, offset by lower than estimated individual severance costs and workforce reductions achieved through non-severance programs. See Note 4 for additional information.
6. 
Includes a gain of $112, net of legal expenses, recorded in other (loss) income, net related to the company's settlement of a legal claim for the nine months ended September 30, 2015.
7. 
The company recorded a $(158) charge in employee separation / asset related charges, net, for the three and nine months ended September 30, 2016, related to the write-down of indefinite lived intangible assets. See Note 4 for additional information.