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Supplementary Information (Tables)
9 Months Ended
Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Nonoperating Income (Expense)
Other Income - NetThree Months Ended
September 30,
Nine Months Ended
September 30,
(In millions)2021202020212020
Interest income$19 $11 $58 $38 
Equity in (losses) / earnings of affiliates - net(1)— (3)
Net gain (loss) on sales of businesses and other assets1
(29)
Net exchange gains / (losses)2
(67)(47)(127)
Non-operating pension and other post employment benefit credit3
326 93 979 275 
Miscellaneous income (expense) - net4
31 (8)17 (34)
Other income - net$378 $30 $1,013 $120 
 
1.The nine months ended September 30, 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 $(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 $(56) million for the three and nine months ended September 30, 2020, respectively.
3.Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized gain (loss), amortization of prior service benefit and settlement loss).
4.Miscellaneous expense - net for the three and nine months ended September 30, 2021 and 2020 includes losses on sale of receivables, tax indemnification adjustments related to changes in indemnification balances as a result of the application of the terms of the Tax Matters Agreement between Corteva and Dow and/or DuPont, and other items. Miscellaneous expense - net for the three and nine months ended September 30, 2021 also includes a gain from remeasurement of an equity investment and for the nine months ended September 30, 2021 includes realized losses on sale of available-for-sale securities.
Foreign Currency Exchange Gain (Loss)
(In millions)Three Months Ended
September 30,
Nine Months Ended September 30,
2021202020212020
Subsidiary Monetary Position Losses
Pre-tax exchange losses$(32)$(61)$(47)$(300)
Local tax benefits / (expenses)16 (11)44 
Net after-tax impact from subsidiary exchange losses$(29)$(45)$(58)$(256)
Hedging Program Gains
Pre-tax exchange gains (losses)$34 $(6)$— $173 
Tax (expenses) / benefits (8)— (41)
Net after-tax impact from hedging program exchange gains (losses)$26 $(4)$— $132 
Total Exchange Losses
Pre-tax exchange gains (losses)$$(67)$(47)$(127)
Tax (expenses) benefits(5)18 (11)
Net after-tax exchange losses$(3)$(49)$(58)$(124)
Restrictions on Cash and Cash Equivalents
(In millions)September 30, 2021December 31, 2020September 30, 2020
Cash and cash equivalents$2,779 $3,526 $2,768 
Restricted cash equivalents361 347 354 
Total cash, cash equivalents and restricted cash equivalents$3,140 $3,873 $3,122