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Stockholders' Equity
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block] STOCKHOLDERS' EQUITY

Common Stock
As discussed in Note 1 - Background and Basis of Presentation, on June 1, 2019, Corteva, Inc.'s common stock was distributed to DowDuPont stockholders by way of a pro rata distribution. Each DowDuPont stockholder received one share of Corteva, Inc. common stock for every three shares of DowDuPont common stock held at the close of business on May 24, 2019, the record date of distribution. Corteva, Inc.'s common stock began trading the "regular way" under the ticker symbol "CTVA" on June 3, 2019, the first business day after June 1, 2019. The number of Corteva, Inc. common shares issued on June 1, 2019 was 748,815,000 (par value of $0.01 per share). Information related to the Corteva Distribution and its effect on the company's financial statements are discussed throughout these Notes to the interim Consolidated Financial Statements.

There has been no additional common stock share activity for the month ended June 30, 2019.

Share Buyback Plan
On June 26, 2019, Corteva, Inc. announced that the Board of Directors of Corteva, Inc. authorized a $1 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date. The timing, price and volume of purchases will be based on market conditions, relevant securities laws and other factors.

Noncontrolling Interest
Corteva, Inc. owns 100% of the outstanding common shares of EID. However, EID does have preferred stock outstanding to third parties which is accounted for as a non-controlling interest. Each share of EID Preferred Stock - $4.50 Series and EID Preferred Stock - $3.50 Series issued and outstanding at the effective date of the Corteva Distribution remains issued and outstanding as to EID and was unaffected by the Corteva Distribution.

Below is a summary of the EID Preferred Stock at June 30, 2019, December 31, 2018, and June 30, 2018, which is classified as noncontrolling interests in the Consolidated Balance Sheets.

Shares in thousands
Number of Shares
Authorized
23,000
$4.50 Series, callable at $120
1,673
$3.50 Series, callable at $102
700


Other Comprehensive (Loss) Income
The changes and after-tax balances of components comprising accumulated other comprehensive (loss) income are summarized below:
(In millions)
Cumulative Translation Adjustment1
Derivative Instruments
Pension Benefit Plans
Other Benefit Plans
Total
2018
 
 
 
 
 
Balance January 1, 2018
$
(1,217
)
$
(2
)
$
95

$
(53
)
$
(1,177
)
Other comprehensive (loss) income before reclassifications
(1,011
)
—

10

—

(1,001
)
Amounts reclassified from accumulated other comprehensive loss
—

(5
)
(2
)
—

(7
)
Net other comprehensive (loss) income
(1,011
)
(5
)
8

—

(1,008
)
Balance June 30, 2018
$
(2,228
)
$
(7
)
$
103

$
(53
)
$
(2,185
)
 
 
 
 
 
 
2019
 

 

 

 

 

Balance January 1, 2019
$
(2,793
)
$
(26
)
$
(620
)
$
79

$
(3,360
)
Other comprehensive (loss) income before reclassifications
(174
)
12

6

(85
)
(241
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

11

2

(1
)
12

Net other comprehensive (loss) income
(174
)
23

8

(86
)
(229
)
Impact of Internal Reorganizations
1,113

—

101

—

1,214

Balance June 30, 2019
$
(1,854
)
$
(3
)
$
(511
)
$
(7
)
$
(2,375
)

1. 
The cumulative translation adjustment loss for the six months ended June 30, 2018 was primarily driven by the strengthening of the U.S. Dollar ("USD") against the European Euro ("EUR") and the Brazilian Real ("BRL"). The cumulative translation adjustment gain for the six months ended June 30, 2019 was primarily driven by the weakening of the European Euro (“EUR”) against the USD.

The tax (expense) benefit on the net activity related to each component of other comprehensive (loss) income was as follows:
(In millions)
Three Months Ended
June 30,
Six Months Ended
June 30,
 
2019
2018
2019
2018
Derivative instruments
$
(4
)
$
5

$
(7
)
$
1

Pension benefit plans - net
11

(1
)
4

(2
)
Other benefit plans - net
29

—

29

—

Provision for income taxes related to other comprehensive (loss) income items
$
36

$
4

$
26

$
(1
)



A summary of the reclassifications out of accumulated other comprehensive (loss) income is provided as follows:
(In millions)
Three Months Ended
June 30,
Six Months Ended
June 30,
Income Classification
 
2019
2018
2019
2018
Derivative Instruments:
$
8

$
(6
)
$
12

$
(7
)
(1)
Tax expense
(2
)
2

(1
)
2

(2)
After-tax
$
6

$
(4
)
$
11

$
(5
)
 
Amortization of pension benefit plans:
 
 
 
 
 
  Actuarial losses
$
—

$
(1
)
$
1

$
(1
)
(3)
  Settlement loss (gain)
1

(1
)
1

(1
)
(3)
Total before tax
1

(2
)
2

(2
)
 
Tax benefit
—

—

—

—

(2)
After-tax
$
1

$
(2
)
$
2

$
(2
)
 
Amortization of other benefit plans:
 
 
 
 
 
  Prior service benefit
$
—

$
—

$
—

$
—

(3)
  Actuarial losses
(1
)
—

(1
)
—

(3)
Total before tax
(1
)
—

(1
)
—

 
Tax benefit
—

—

—

—

(2)
After-tax
$
(1
)
$
—

$
(1
)
$
—

 
Total reclassifications for the period, after-tax
$
6

$
(6
)
$
12

$
(7
)
 
1. 
Cost of goods sold.
2. 
Provision for income taxes from continuing operations.
3. 
These accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit (credit) cost of the company's pension and other benefit plans. See Note 20 - Pension Plans and Other Post Employment Benefits, for additional information.