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Supplementary Information
 12 Months Ended
Dec. 31, 2019
Supplementary Information [Abstract]  
Additional Financial Information Disclosure [Text Block] SUPPLEMENTARY INFORMATION

Other Income (Expense) - Net
Successor
Predecessor
(In millions)
For the Year Ended December 31, 2019
For the Year Ended December 31, 2018
For the Period September 1 through December 31, 2017
For the Period January 1 through August 31, 2017
Royalty Income1
 
 


$
60

Interest income
$
59

$
86

$
50

59

Equity in losses of affiliates - net
(9
)
(1
)
(3
)
(7
)
Net gain on sales of businesses and other assets2
64

62

689

10

Net exchange losses3,4
(99
)
(127
)
(23
)
(364
)
Non-operating pension and other post employment benefit credit (cost)5
191

275

103

(296
)
Miscellaneous income (expenses) - net6
9

(46
)
(11
)
37

Other income (expense) - net
$
215

$
249

$
805

$
(501
)
 
1 In the Successor periods, royalty income is included in net sales.
2 
Includes a $671 million gain on the sale of assets for the period September 1 through December 31, 2017 related to the divestiture of the DAS Divested Ag Business. Refer to Note 5 - Divestitures and Other Transactions, for additional information.
3 
Includes a net $(51) million and $(68) million pre-tax exchange loss associated with the devaluation of the Argentine peso for the year ended December 31, 2019 and December 31, 2018, respectively.
4 
Includes a $(50) million foreign exchange loss for the year ended December 31, 2018 related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform, which is included within significant items.
5 
Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized (gain) loss, amortization of prior service benefit and curtailment/settlement gain). The company adopted ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715) on January 1, 2018, retrospectively, and recorded the other components of net periodic benefit cost in other income (expense) - net.
6 
Miscellaneous income (expenses) - net, includes losses from sale of receivables, tax indemnification adjustments related to changes in indemnification balances as a result of the application of the terms of the Tax Matters Agreement, between Corteva and Dow and/or DuPont, and other items. In addition, the year ended December 31, 2018 includes a $(53) million loss related to the deconsolidation of a subsidiary (refer to Note 25 - Segment Information). Refer to Note 12 - Accounts and Notes Receivable - Net, for additional information on losses on the sale of receivables.

The following table summarizes the impacts of the company's foreign currency hedging program on the company's results of operations. The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The hedging program gains (losses) are largely taxable (tax deductible) in the United States (U.S.), whereas the offsetting exchange gains (losses) on the remeasurement of the net monetary asset positions are often not taxable (tax deductible) in their local jurisdictions. The net pre-tax exchange gains (losses) are recorded in other income (expense) - net and the related tax impact is recorded in provision for (benefit from) income taxes on continuing operations in the Consolidated Statements of Operations.
 
Successor
Predecessor
(In millions)
For the Year Ended December 31, 2019
For the Year Ended December 31, 2018
For the Period September 1 through December 31, 2017
For the Period January 1 through August 31, 2017
Subsidiary Monetary Position (Loss) Gain
 
 
 
 
Pre-tax exchange (loss) gain1
$
(41
)
$
(221
)
$
(114
)
$
67

Local tax benefits (expenses)
2

(31
)
4

216

Net after-tax impact from subsidiary exchange (loss) gain
$
(39
)
$
(252
)
$
(110
)
$
283

 
 
 
 
 
Hedging Program (Loss) Gain
 
 
 
 
Pre-tax exchange (loss) gain2
$
(58
)
$
94

$
91

$
(431
)
Tax benefits (expenses)
13

(21
)
(33
)
155

Net after-tax impact from hedging program exchange (loss) gain
$
(45
)
$
73

$
58

$
(276
)
 
 
 
 
 
Total Exchange (Loss) Gain
 
 
 
 
Pre-tax exchange loss1,2
$
(99
)
$
(127
)
$
(23
)
$
(364
)
Tax benefits (expenses)
15

(52
)
(29
)
371

Net after-tax exchange (loss) gain
$
(84
)
$
(179
)
$
(52
)
$
7


1.
Includes a net $(51) million and $(68) million pre-tax exchange loss associated with the devaluation of the Argentine peso for the year ended December 31, 2019 and December 31, 2018, respectively.
2.
Includes a $(50) million foreign exchange loss for the year ended December 31, 2018 related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform.

Cash, cash equivalents and restricted cash
The following table provides a reconciliation of cash and cash equivalents and restricted cash (included in other current assets) presented in the Consolidated Balance Sheets to the total cash, cash equivalents and restricted cash presented in the Consolidated Statements of Cash Flows.
(In millions)
December 31, 2019
December 31, 2018
Cash and cash equivalents
$
1,764

$
2,270

Restricted cash
409

460

Total cash, cash equivalents and restricted cash
2,173

2,730

Cash and cash equivalents of discontinued operations1
—

2,254

Restricted cash of discontinued operations2
—

40

Total cash, cash equivalents and restricted cash
$
2,173

$
5,024

1.
Refer to Note 5 - Divestitures and Other Transactions, for additional information.
2.
Amount included in other current assets within assets of discontinued operations - current. Refer to Note 5 - Divestitures and Other Transactions, for additional information.

EID entered into a trust agreement in 2013 (as amended and restated in 2017), establishing and requiring EID to fund a trust (the "Trust") for cash obligations under certain non-qualified benefit and deferred compensation plans upon a change in control event as defined in the Trust agreement. Under the Trust agreement, the consummation of the Merger was a change in control event. Restricted cash at December 31, 2019 and December 31, 2018 is related to the Trust.

Accrued and other current liabilities
Accrued and other current liabilities were $4,434 million at December 31, 2019 and $4,005 million at December 31, 2018. Refer to Note 6 - Revenue, for discussion of deferred revenue, which is a component of accrued and other current liabilities. No other components of accrued and other current liabilities were more than 5 percent of total current liabilities.

Accounts payable
Accounts payable was $3,702 million at December 31, 2019 and $3,798 million at December 31, 2018. Accounts payable - trade, which is a component of accounts payable, was $2,577 million at December 31, 2019 and $2,602 million at December 31, 2018. No other components of accounts payable were more than 5 percent of total current liabilities.