XML 107 R76.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Business Combinations DAS Common Control Transfer Income Statement (Details) - USD ($)
$ in Millions
3 Months Ended 4 Months Ended 8 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Aug. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Business Acquisition [Line Items]                        
Net Sales $ 2,983 $ 1,911 $ 5,556 $ 3,396 $ 2,815 $ 1,947 $ 5,731 $ 3,794 $ 3,790 $ 6,894 $ 13,846 $ 14,287
(Loss) Income from Continuing Operations before Income Taxes, Noncontrolling Interest                 (461) (37) (316) (6,806)
(Loss) income from continuing operations after income taxes $ (42) [1] $ (527) [2],[3] $ 483 [4] (184) [5] (1,070) [4],[5],[6] $ (5,642) [6],[7] $ 375 [6],[8] (438) [6],[9] 1,760 $ 358 $ (270) (6,775)
Historical EID [Member]                        
Business Acquisition [Line Items]                        
Net Sales       6,288 5,741     6,699 7,053     26,279
(Loss) Income from Continuing Operations before Income Taxes, Noncontrolling Interest                 (1,586)     (4,793)
(Loss) income from continuing operations after income taxes       89 (351)     (216) 1,087     (5,013)
Discontinued Operations and Other Adjustments [Member]                        
Business Acquisition [Line Items]                        
Net Sales       (4,341) [10] (4,350) [10]     (4,388) [10] (5,477) [11]     (17,638) [11]
(Loss) Income from Continuing Operations before Income Taxes, Noncontrolling Interest [11]                 480     (2,128)
(Loss) income from continuing operations after income taxes       (369) [10] (573) [10]     (355) [10] 485 [11]     (1,753) [11]
DAS [Member]                        
Business Acquisition [Line Items]                        
Net Sales       1,449 1,424     1,483 2,214     5,646
(Loss) Income from Continuing Operations before Income Taxes, Noncontrolling Interest                 645     115
(Loss) income from continuing operations after income taxes       $ 96 $ (146)     $ 133 $ 188     $ (9)
[1]
Fourth quarter 2019 includes a tax benefit of $34 million related to the impact of the release of a tax valuation allowance recorded against the net deferred tax asset position of a Switzerland legal entity. See Note 10 - Income Taxes, for additional information.
[2]
Third quarter 2019 includes a $(33) million charge included in other income (expense) - net associated with remeasuring the company’s Argentine Peso net monetary assets, resulting from an unexpected August primary election result in Argentina. 
[3]
Third quarter 2019 includes a tax benefit of $38 million related to Swiss Tax Reform. See Note 10 - Income Taxes, for additional information.
[4]
Includes a loss on early extinguishment of debt of $(13) million in the second quarter of 2019 and $(81) million in the fourth quarter 2018 related to the retirement of some of the company's debt. See Note 17 - Short-Term Borrowings, Long-Term Debt and Available Credit Facilities, for additional information.
[5]
First quarter 2019 includes a $(24) million loss recorded in other income (expense) - net related to Historical Dow’s sale of a joint venture related to synergy actions. Fourth quarter 2018 includes a $(53) million loss recorded in other income (expense) - net related to the deconsolidation of a subsidiary.
[6]
Includes tax (charges) benefits of $(64) million, $(7) million, $16 million, and $(274) million in the first quarter 2018, second quarter 2018, third quarter 2018, and fourth quarter 2018, respectively, related to The Act. See Note 10 - Income Taxes, for additional information.
[7]
Includes a tax charge of $(75) million in the third quarter 2018 related to the establishment of a full valuation allowance against the net deferred tax asset position of a legal entity in Brazil, a tax charge of $(25) million related to an internal legal entity restructuring associated with the Business Separations, and a tax benefit of $114 million related to the company's discretionary pension contribution in 2018 which was deducted on a 2017 tax return. See Note 10 - Income Taxes, for additional information.
[8]
Second quarter 2018 includes a $24 million gain recorded in other income (expense) - net related to an asset sale.
[9]
First quarter 2018 includes a $(50) million foreign exchange loss related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform.
[10]
Reflects discontinued operations of EID's ECP and Specialty Products businesses and adjustments primarily related to the elimination of intercompany transactions between Historical EID and Dow AgroSciences for periods subsequent to the Merger, as if they were combined affiliates.
[11]
Reflects discontinued operations of EID's ECP and Specialty Products Entities and adjustments primarily related to the elimination of intercompany transactions between EID and DAS for periods subsequent to the Merger, as if they were combined affiliates, and adjustments made to align historical financial statement presentation of DAS and Corteva.