Commitments and Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Environmental Loss Contingencies by Site [Table Text Block]

	As of March 31, 2021
(In millions)	Indemnification Asset		Accrual balance3,4		Potential exposure above amount accrued3
Environmental Remediation Stray Liabilities
Chemours related obligations - subject to indemnity1,2	$	152	$	152	$	280
Other discontinued or divested businesses obligations1	—		78		177
Environmental remediation liabilities primarily related to DuPont - subject to indemnity from DuPont2	34		34		65
Environmental remediation liabilities not subject to indemnity	—		69		55
Total	$	186	$	333	$	577

1.Represents liabilities that are subject to the $200 million thresholds and sharing arrangements as discussed on page 22, under Corteva Separation Agreement.

2.The company has recorded an indemnification asset related to these accruals, including $30 million related to the Superfund sites.

3.Accrual balance represents management’s best estimate of the costs of remediation and restoration, although it is reasonably possible that the potential exposure, as indicated, could range above the amounts accrued, as there are inherent uncertainties in these estimates

4.Accrual balance excludes indemnification liabilities of $54 million to Chemours, related to the cost sharing arrangement under the MOU (see page 10).