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Supplementary Information (Tables)
 12 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Nonoperating Income (Expense)

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.
Foreign Currency Exchange Gain (Loss)
 
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.
Restrictions on Cash and Cash Equivalents
(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.