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Stockholders' Equity
 12 Months Ended
Dec. 31, 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 Consolidated Financial Statements.

Set forth below is a reconciliation of common stock share activity:
Shares of common stock
Issued
Balance June 1, 2019
748,815,000

Issued
586,000

Repurchased and retired
(824,000
)
Balance December 31, 2019
748,577,000



Share Buyback Plan
On June 26, 2019, Corteva, Inc. announced that its Board of Directors 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.

During the year ended December 31, 2019, the company purchased and retired 824,000 shares in the open market for a total cost of $25 million.

Noncontrolling Interest
Corteva, Inc. owns 100% of the outstanding common shares of EID. However, EID has preferred stock outstanding to third parties which is accounted for as a noncontrolling interest for Corteva. 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 December 31, 2019 and December 31, 2018 which is classified as noncontrolling interests in the Corteva 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
Unrealized Gain (Loss) on Investments
Total
2017
 
 
 
 
 
 
Balance January 1, 2017 (Predecessor)
$
(2,843
)
$
7

$
(6,720
)
$
(357
)
$
2

$
(9,911
)
Other comprehensive income (loss) before reclassifications
1,042

3

(78
)
—

1

968

Amounts reclassified from accumulated other comprehensive income
—

(13
)
325

10

(1
)
321

Net other comprehensive income (loss)
1,042

(10
)
247

10

—

1,289

Balance August 31, 2017 (Predecessor)
$
(1,801
)
$
(3
)
$
(6,473
)
$
(347
)
$
2

$
(8,622
)
 
 
 
 
 
 
 
Balance September 1, 2017 (Successor)2
$
(727
)
$
—

$
(30
)
$
—

$
—

$
(757
)
Other comprehensive (loss) income before reclassifications
(490
)
(2
)
129

(53
)
—

(416
)
Amounts reclassified from accumulated other comprehensive loss
—

—

(4
)
—

—

(4
)
Net other comprehensive (loss) income
(490
)
(2
)
125

(53
)
—

(420
)
Balance December 31, 2017 (Successor)
$
(1,217
)
$
(2
)
$
95

$
(53
)
$
—

$
(1,177
)
2018
 
 
 
 
 
 
Other comprehensive (loss) income before reclassifications
(1,576
)
(19
)
(724
)
132

—

(2,187
)
Amounts reclassified from accumulated other comprehensive income
—

(5
)
9

—

—

4

Net other comprehensive (loss) income
(1,576
)
(24
)
(715
)
132

—

(2,183
)
Balance December 31, 2018 (Successor)
$
(2,793
)
$
(26
)
$
(620
)
$
79

$
—

$
(3,360
)
2019
 
 
 
 
 
 
Other comprehensive (loss) income before reclassifications
(274
)
16

(723
)
(159
)
—

(1,140
)
Amounts reclassified from accumulated other comprehensive loss
—

12

5

(1
)
—

16

Net other comprehensive (loss) income
(274
)
28

(718
)
(160
)
—

(1,124
)
Impact of Internal Reorganizations
1,123

—

91

—

—

1,214

Balance December 31, 2019 (Successor)
$
(1,944
)
$
2

$
(1,247
)
$
(81
)
$
—

$
(3,270
)
1. 
The cumulative translation adjustment losses for the year ended December 31, 2019, the year ended December 31, 2018 and the period September 1 through December 31, 2017 are primarily driven by the strengthening of the U.S. Dollar ("USD") against the Brazilian Real ("BRL") and the European Euro ("EUR"). The cumulative translation adjustment gain for the period January 1 through August 31, 2017 is primarily driven by the weakening of the USD against the EUR.
2. 
In connection with the Merger, previously unrecognized prior service benefits and net losses related to EID's pension and other post employment benefit ("OPEB") plans were eliminated as a result of reflecting the balance sheet at fair value as of the date of the Merger. See Note 20 - Pension Plans and Other Post Employment Benefits, for further information regarding the pension and OPEB plans. Amounts reflected relate to DAS balances as of September 1, 2017.

The tax benefit (expense) on the net activity related to each component of other comprehensive (loss) income was as follows:
 
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
Derivative instruments
$
(8
)
$
6

$
1

$
6

Pension benefit plans - net
231

199

(36
)
(145
)
Other benefit plans - net
52

(40
)
15

(5
)
Benefit from (provision for) income taxes related to other comprehensive income (loss) items
$
275

$
165

$
(20
)
$
(144
)


A summary of the reclassifications out of accumulated other comprehensive loss is provided as follows:
(In millions)
Successor
Predecessor
Income Classification
 
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
Derivative Instruments:
$
13

$
(6
)
$
—

$
(21
)
(1)
Tax (benefit) expense
(1
)
1

—

8

(2)
After-tax
$
12

$
(5
)
$
—

$
(13
)
 
Amortization of pension benefit plans:




 
 
 
  Prior service benefit
(1
)
—

—

(3
)
(3),(4)
  Actuarial losses (gains)
$
2

$
6

$
(5
)
$
506

(3),(4),(5)
  Curtailment loss
—

7

—

—

(3),(4),(5)
  Settlement loss (gain)
4

(2
)
—

—

(3),(4),(5)
Total before tax
5

11

(5
)
503

 
Tax (benefit) expense
—

(2
)
1

(178
)
(2)
After-tax
$
5

$
9

$
(4
)
$
325

 
Amortization of other benefit plans:




 
 
 
  Prior service benefit
$
—

$
—

$
—

$
(46
)
(3),(4)
  Actuarial (gains) losses
(1
)
—

—

61

(3),(4)
Total before tax
(1
)
—

—

15

 
Tax benefit
—

—

—

(5
)
(2)
After-tax
$
(1
)
$
—

$
—

$
10

 
Net realized losses on investments, before tax:
—

—

—

(1
)
(4)
Tax expense
—

—

—

—

(2)
After-tax
$
—

$
—

$
—

$
(1
)
 
Total reclassifications for the period, after-tax
$
16

$
4

$
(4
)
$
321

 
1. 
Cost of goods sold.
2. 
Benefit from 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.
4. 
Other income (expense) - net.
5. 
(Loss) income from discontinued operations after income taxes.