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Quaterly Financial Data
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]
QUARTERLY FINANCIAL DATA

 
2017
 
Predecessor
Successor
In millions, except per share amounts (unaudited)
First
Second
July 1 - Aug 31
Sept 1 - Sept 30
Fourth
Net sales
$
7,319

 
$
6,971

 
$
2,991

 
$
1,735

 
$
5,318

 
Cost of goods sold
4,209

 
4,021

 
1,975

 
1,511

2 
4,654

2 
Restructuring and asset related charges - net1
152

 
160

 
11

 
40

 
140

 
Net income (loss)
1,121

3,4,5 
869

3 
(229
)
3 
(295
)
1,3 
1,305

1,3,6 
Net income (loss) attributable to DuPont
1,113

 
862

 
(234
)
 
(293
)
 
1,303

 
Earnings per common share, continuing operations - basic9
1.35

 
0.82

 
(0.30
)
 


 


 
Earnings per common share, continuing operations - diluted9
1.34

 
0.82

 
(0.30
)
 


 


 

 
2016
 
Predecessor
In millions, except per share amounts (unaudited)
First
Second
Third
Fourth
Net sales
$
7,014

 
$
6,646

 
$
4,646

 
$
4,903

 
Cost of goods sold
4,103

 
3,823

 
2,997

 
3,032

 
Restructuring and asset related charges - net1
78

 
(88
)
 
172

 
394

 
Net income (loss)
1,232

7,8 
1,024

7 
6

7 
263

7 
Net income (loss) attributable to DuPont
1,226

 
1,020

 
2

 
265

 
Earnings per common share, continuing operations - basic9
1.23

 
1.03

 
(0.08
)
 
0.19

 
Earnings per common share, continuing operations - diluted9
1.22

 
1.02

 
(0.08
)
 
0.19

 
1.
See Note 5 for additional information.
2.
Includes charges of $(360) million and $(1,109) million during the period September 1 - September 30, 2017 and the fourth quarter 2017, respectively, related to the amortization of inventory step-up as a result of the Merger and the acquisition of the H&N Business, which was included in cost of goods sold. See Note 3 for additional information.
3.
Includes charges of $(170) million, $(201) million, $(210) million, $(71) million, and $(243) million in the first quarter 2017, second quarter 2017, the period July 1 - August 31, 2017, the period September 1 - September 30, 2017, and the fourth quarter 2017, respectively, related to transaction costs associated with the Merger. Predecessor costs are recorded in selling, general and administrative expenses; Successor costs are recoded in integration and separation costs. See Note 3 for additional information.
4.
First quarter 2017 included a gain of $162 million recorded in sundry income - net associated with the sale of the company's global food safety diagnostic business. See Note 4 for additional information.
5.
First quarter 2017 included a tax benefit of $53 million, as well as a $47 million benefit on associated accrued interest reversals (recorded in sundry income - net), related to a reduction in the company’s unrecognized tax benefits due to the closure of various tax statutes of limitations.
6.
Includes a tax benefit of $2,262 million in the fourth quarter 2017 related to the Tax Cuts and Jobs Act and a benefit related to an internal entity restructuring associated with the Intended Business Separations. See Note 7 for additional information.
7.
First, second, third and fourth quarter 2016 included charges of $(24) million, $(76) million, $(122) million, and $(164) million, respectively, recorded in selling, general and administrative expenses related to transaction costs associated with the Merger. See Note 3 for additional information.
8.
First quarter 2016 included a gain of $369 million recorded in sundry income - net associated with the sale of the DuPont (Shenzhen) Manufacturing Limited entity, which held certain buildings and other assets. See Note 4 for additional information.
9.
Due to quarterly changes in the share count and the allocation of income to participating securities, the sum of the four quarters may not equal the earnings per share amount calculated for the year.