XML 113 R102.htm IDEA: XBRL DOCUMENT v3.21.2
EID Segment FN Segment reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Segment Reporting Information [Line Items]        
(Benefit from) provision for income taxes on continuing operations $ (28) $ (117) $ 434 $ 88
Income from continuing operations before income taxes 8 (507) 2,101 745
Interest income 19 11 58 38
Interest Expense 8 11 22 35
Exchange (gains) losses - net [1] 2 (67) (47) (127)
Significant Items (21) 49 214 351
Corporate Expenses 40 27 106 81
Segment operating EBITDA (11) (152) 2,420 1,932
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges   27    
EID [Member]        
Segment Reporting Information [Line Items]        
Income from Continuing Operations After Taxes 27 (404) 1,637 595
(Benefit from) provision for income taxes on continuing operations (30) (122) 425 68
Income from continuing operations before income taxes (3) (526) 2,062 663
Depreciation and Amortization 309 285 926 868
Interest Expense 19 30 61 117
Non-operating benefits - net (315) (73) (941) (237)
Significant Items (21) 49 214 351
Corporate Expenses 40 27 106 81
Segment operating EBITDA (11) (152) 2,420 1,932
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges 19 [2] (8) (3) [2] 19
Segment Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Depreciation and Amortization 309 285 926 868
Interest income (19) (11) (58) (38)
Exchange (gains) losses - net (2) 67 47 127
Significant Items 21 (49) (214) (351)
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges [3] 19   (3)  
Segment Reconciling Items [Member] | EID [Member]        
Segment Reporting Information [Line Items]        
Interest income (19) (11) (58) (38)
Exchange (gains) losses - net (2) 67 47 127
Hedging Program [Member]        
Segment Reporting Information [Line Items]        
Exchange (gains) losses - net 34 (6) 0 173
Hedging Program [Member] | Argentine Peso Devaluation [Member]        
Segment Reporting Information [Line Items]        
Exchange (gains) losses - net (16) (26) (53) (56)
Corporate | Segment Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Significant Items (9) 0 (65) (46)
Crop Protection [Member]        
Segment Reporting Information [Line Items]        
Segment operating EBITDA 206 130 897 677
Crop Protection [Member] | Segment Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Significant Items $ (8) $ (40) $ (51) $ (151)
[1] Includes net pre-tax exchange losses of $(16) million and $(53) million associated with the devaluation of the Argentine peso for the three and nine months ended September 30, 2021, respectively, and $(26) million and $(56) million for the three and nine months ended September 30, 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. For the three and six months ended September 30, 2020, the unrealized mark-to-market (loss) gain was $(8) million and $19 million, respectively.
[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. For the three and nine months ended September 30, 2020, the unrealized mark-to-market (loss) gain was $(8) million and $19 million, respectively. Refer to page 57 for further discussion of the company’s Non-GAAP financial measures.