XML 117 R103.htm IDEA: XBRL DOCUMENT v3.21.1
EID Segment FN Segment reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Segment Reporting Information [Line Items]    
Provision for income taxes on continuing operations $ 178 $ 127
Income from continuing operations before income taxes 791 408
Interest income 21 18
Interest Expense 7 10
Exchange (gains) losses - net [1] (35) (61)
Significant Items 100 123
Corporate Expenses 34 25
Segment operating EBITDA 938 819
EID [Member]    
Segment Reporting Information [Line Items]    
Income from Continuing Operations After Taxes 602 257
Provision for income taxes on continuing operations 174 119
Income from continuing operations before income taxes 776 376
Depreciation and Amortization 304 283
Interest Expense 22 42
Non-operating benefits - net (311) (73)
Significant Items 100 123
Corporate Expenses 34 25
Segment operating EBITDA 938 819
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges [2] (1)  
Segment Reconciling Items [Member]    
Segment Reporting Information [Line Items]    
Depreciation and Amortization 304 283
Interest income (21) (18)
Exchange (gains) losses - net 35 61
Significant Items (100) (123)
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges [3] (1)  
Segment Reconciling Items [Member] | EID [Member]    
Segment Reporting Information [Line Items]    
Interest income (21) (18)
Exchange (gains) losses - net 35 61
Hedging Program [Member]    
Segment Reporting Information [Line Items]    
Exchange (gains) losses - net 16 165
Hedging Program [Member] | Argentine Peso Devaluation [Member]    
Segment Reporting Information [Line Items]    
Exchange (gains) losses - net (23) (9)
Corporate | Segment Reconciling Items [Member]    
Segment Reporting Information [Line Items]    
Significant Items (47) (42)
Crop Protection [Member]    
Segment Reporting Information [Line Items]    
Segment operating EBITDA 321 238
Crop Protection [Member] | Segment Reconciling Items [Member]    
Segment Reporting Information [Line Items]    
Significant Items $ (32) $ (71)
[1] Includes net pre-tax exchange losses of $(23) million and $(9) million associated with the devaluation of the Argentine peso for the three months ended March 31, 2021 and 2020, respectively.
[2] Effective January 1, 2021, on a prospective basis, the company excludes net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting. There was no activity in the three months ended March 31, 2020.
[3] Effective January 1, 2021, on a prospective basis, the company excludes net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting. There was no activity in the three months ended March 31, 2020. Refer to page 48 for further discussion of the company’s Non-GAAP financial measures.