Supplementary Information (Tables)

3 Months Ended

Mar. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Other Nonoperating Income (Expense)

Other Income - Net	Three Months Ended March 31,
(In millions)	2021		2020
Interest income	$	21	$	18
Equity in earnings / (losses) of affiliates - net	3		(1)
Net loss on sales of businesses and other assets1	—		(46)
Net exchange losses2	(35)		(61)
Non-operating pension and other post employment benefit credit3	325		91
Miscellaneous income - net4	23		—
Other income - net	$	337	$	1

1.The three months ended March 31, 2020 includes a loss of $(53) million relating to the sale of the La Porte site, for which the company signed an agreement in 2020, and closed during the first quarter of 2021.

2.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.

3.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 settlement loss).

4.Miscellaneous income - net, includes a gain from a remeasurement of an equity investment, losses on sale of available-for-sale securities, 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, losses on sale of receivables, and other items.

Foreign Currency Exchange Gain (Loss)

(In millions)	Three Months Ended March 31,
	2021		2020
Subsidiary Monetary Position (Losses) Gains
Pre-tax exchange losses	$	(51)	$	(226)
Local tax (expenses) / benefits	(1)		23
Net after-tax impact from subsidiary exchange losses	$	(52)	$	(203)
Hedging Program Gains
Pre-tax exchange gains	$	16	$	165
Tax expenses	(4)		(40)
Net after-tax impact from hedging program exchange gains	$	12	$	125
Total Exchange Losses
Pre-tax exchange losses	$	(35)	$	(61)
Tax expenses	(5)		(17)
Net after-tax exchange losses	$	(40)	$	(78)

Restrictions on Cash and Cash Equivalents

(In millions)	March 31, 2021		December 31, 2020		March 31, 2020
Cash and cash equivalents	$	2,404	$	3,526	$	1,963
Restricted cash	326		347		377
Total cash, cash equivalents and restricted cash	$	2,730	$	3,873	$	2,340