Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting Information [Line Items]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

Reconciliation to interim Consolidated Financial Statements

Income from continuing operations after income taxes to segment operating EBITDA (In millions)	Three Months Ended March 31,
	2021		2020
Income from continuing operations after income taxes	$	613	$	281
Provision for income taxes on continuing operations	178		127
Income from continuing operations before income taxes	791		408
Depreciation and amortization	304		283
Interest income	(21)		(18)
Interest expense	7		10
Exchange losses - net	35		61
Non-operating benefits - net	(311)		(73)
Mark-to-market gains on certain foreign currency contracts not designated as hedges1	(1)
Significant items	100		123
Corporate expenses	34		25
Segment operating EBITDA	$	938	$	819

1.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.

Schedule of Segment Reporting Information, by Segment [Table Text Block]

As of and for the Three Months Ended March 31, (In millions)	Seed		Crop Protection		Total
2021
Net sales	$	2,492	$	1,686	$	4,178
Segment operating EBITDA	$	617	$	321	$	938
Segment assets1	$	24,799	$	13,349	$	38,148
2020
Net sales	$	2,455	$	1,501	$	3,956
Segment operating EBITDA	$	581	$	238	$	819
Segment assets1	$	25,857	$	13,251	$	39,108

1.    Segment assets at December 31, 2020 were $23,751 million and $13,099 million for Seed and Crop Protection, respectively.

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

Segment assets to total assets (in millions)	March 31, 2021		December 31, 2020		March 31, 2020
Total segment assets	$	38,148	$	36,850	$	39,108
Corporate assets	4,401		5,799		3,870
Total assets	$	42,549	$	42,649	$	42,978

Schedule of Additional Segment Details [Table Text Block]

(In millions)	Seed		Crop Protection		Corporate		Total
For the Three Months Ended March 31, 2021
Restructuring and Asset Related Charges - Net 1	$	(21)	$	(32)	$	(47)	$	(100)
Total	$	(21)	$	(32)	$	(47)	$	(100)

(In millions)	Seed		Crop Protection		Corporate		Total
For the Three Months Ended March 31, 2020
Restructuring and Asset Related Charges - Net 1	$	(10)	$	(18)	$	(42)	$	(70)
Loss on Divestiture2	—		(53)		—		(53)
Total	$	(10)	$	(71)	$	(42)	$	(123)

1.Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 5 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements for additional information.

2.Includes a loss recorded in other income - net related to the sale of the La Porte site.