XML 198 R142.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Pension Plans and Other Post Employment Benefit Plans Change in Projected Benefit Obligations, Plan Assets and Funded Status (Details) - USD ($)
$ in Millions
4 Months Ended 8 Months Ended 12 Months Ended
Dec. 31, 2017
Aug. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Jun. 01, 2019
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Funded (unfunded) status of plan         $ 5,800
Defined Benefit Plan, Accumulated Benefit Obligation     $ 21,000 $ 23,200  
Trust Agreement [Member]          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Benefit obligation at beginning of the period     349    
Benefit obligation at end of the period     294 349  
Pension Plan          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Benefit obligation at beginning of the period     23,532 25,683  
Service Cost $ 50 $ 92 41 136  
Interest Cost 247 524 769 755  
Plan participants' contributions     2 10  
Actuarial (gain) loss     2,469 (1,078)  
Benefits Paid     (1,635) (1,763)  
Plan amendments     (76) 17  
Net effects of acquisitions / divestitures / other     (1) (12)  
Effect of foreign exchange rates     (60) (216)  
Change in Benefit Obligation - Impact of Internal Reorganizations     (4,037) 0  
Benefit obligation at end of the period 25,683   21,004 23,532  
Fair value of plan assets at beginning of period     18,951 20,329  
Actual return on plan assets     2,552 (781)  
Employer contributions     121 1,314  
Plan participants' contributions     2 10  
Benefits paid     (1,635) (1,763)  
Net effects of acquisitions / divestitures / other     (6) (7)  
Effect of foreign exchange rates     (38) (151)  
Change in Plan Assets - Impact of Internal Reorganizations     (3,006) 0  
Fair value of plan assets at end of period 20,329   16,941 18,951  
Funded (unfunded) status of plan [1]     (4,063) (4,581)  
Disposal Group, Including Discontinued Operation, Pension Plan Benefit Obligation       (41)  
Pension Plan | U.S. Plans with Plan Assets [Member]          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Funded (unfunded) status of plan     (3,535) (2,890)  
Pension Plan | Non-U.S. plans with plan assets [Member]          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Funded (unfunded) status of plan     (90) (32)  
Pension Plan | All other plans [Member]          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Funded (unfunded) status of plan [2],[3]     (438) (511)  
Pension Plan | Plans of Discontinued Operations [Member]          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Funded (unfunded) status of plan     0 (1,148)  
Other Post Employment Benefits Plan          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Benefit obligation at beginning of the period     2,514 2,810  
Service Cost 3 6 4 9  
Interest Cost 26 $ 60 84 85  
Plan participants' contributions     37 38  
Actuarial (gain) loss     211 (172)  
Benefits Paid     (239) (254)  
Plan amendments     0 0  
Net effects of acquisitions / divestitures / other     0 0  
Effect of foreign exchange rates     0 (2)  
Change in Benefit Obligation - Impact of Internal Reorganizations     (20) 0  
Benefit obligation at end of the period 2,810   2,591 2,514  
Fair value of plan assets at beginning of period     0 0  
Actual return on plan assets     0 0  
Employer contributions     202 216  
Plan participants' contributions     37 38  
Benefits paid     (239) (254)  
Net effects of acquisitions / divestitures / other     0 0  
Effect of foreign exchange rates     0 0  
Change in Plan Assets - Impact of Internal Reorganizations     0 0  
Fair value of plan assets at end of period $ 0   0 0  
Funded (unfunded) status of plan [1]     (2,591) (2,514)  
Other Post Employment Benefits Plan | U.S. Plans with Plan Assets [Member]          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Funded (unfunded) status of plan     0 0  
Other Post Employment Benefits Plan | Non-U.S. plans with plan assets [Member]          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Funded (unfunded) status of plan     0 0  
Other Post Employment Benefits Plan | All other plans [Member]          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Funded (unfunded) status of plan [2],[3]     (2,591) (2,490)  
Other Post Employment Benefits Plan | Plans of Discontinued Operations [Member]          
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]          
Funded (unfunded) status of plan     $ 0 $ (24)  
[1]
Excludes $(41) million as of December 31, 2018 of DAS pension and OPEB liabilities recognized within the Consolidated Balance Sheet that did not transfer to Corteva as part of the Internal Reorganizations.
[2]
As of December 31, 2019, and December 31, 2018, $294 million and $349 million, respectively, of the benefit obligations are supported by funding under the Trust agreement, defined in the "Trust Assets" section below.
[3]
Includes pension plans maintained around the world where funding is not customary.