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Stockholders' Equity
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block] STOCKHOLDERS' EQUITY
Common Stock
As discussed in Note 1 - Background and Basis of Presentation, on June 1, 2019, Corteva, Inc.'s common stock was distributed to DowDuPont stockholders by way of a pro rata distribution. Each DowDuPont stockholder received one share of Corteva, Inc. common stock for every three shares of DowDuPont common stock held at the close of business on May 24, 2019, the record date of distribution. Corteva, Inc.'s common stock began trading the "regular way" under the ticker symbol "CTVA" on June 3, 2019, the first business day after June 1, 2019. The number of Corteva, Inc. common shares issued on June 1, 2019 was 748,815,000 (par value of $0.01 per share). Information related to the Corteva Distribution and its effect on the company's financial statements are discussed throughout these Notes to the Consolidated Financial Statements.

Set forth below is a reconciliation of common stock share activity for the years ended December 31, 2021, 2020, and 2019:
Shares of common stockIssued
Balance June 1, 2019748,815,000 
Issued586,000 
Repurchased and retired(824,000)
Balance December 31, 2019748,577,000 
Issued3,384,000 
Repurchased and retired(8,503,000)
Balance December 31, 2020743,458,000 
Issued4,019,000 
Repurchased and retired(20,950,000)
Balance December 31, 2021726,527,000 

Share Buyback Plan
On August 5, 2021, Corteva, Inc. announced that its Board of Directors authorized a $1.5 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2021 Share Buyback Plan"). The timing, price and volume of purchases will be based on market conditions, relevant securities laws and other factors. In connection with the 2021 Share Buyback Plan, the company purchased and retired 5,572,000 shares during the year ended December 31, 2021 in the open market for a total cost of $250 million.

On June 26, 2019, Corteva, Inc. announced that its Board of Directors authorized a $1 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2019 Share Buyback Plan").

In connection with the 2019 Share Buyback Plan, the company repurchased and retired 15,378,000 shares, 8,503,000 shares, and 824,000 shares in the open market for a total cost of $700 million, $275 million, and $25 million during the years ended December 31, 2021, 2020, and 2019, respectively. Repurchases under the 2019 Share Buyback Plan were completed during the third quarter of 2021.

Shares repurchased pursuant to Corteva's share buyback plan are immediately retired upon repurchase. Repurchased common stock is reflected as a reduction of stockholders' equity. The company's accounting policy related to its share repurchases is to reduce its common stock based on the par value of the shares and to reduce its retained earnings for the excess of the repurchase price over the par value. When Corteva has an accumulated deficit balance, the excess over the par value is applied to APIC. When Corteva has retained earnings, the excess is charged entirely to retained earnings.

Noncontrolling Interest
In June 2020, the company completed the acquisition of the remaining 46.5 percent interest in the Phytogen Seed Company, LLC joint venture from J. G. Boswell Company. As the purchase of the remaining interest did not result in a change of control, the difference between the carrying value of the noncontrolling interest and the consideration paid, net of taxes was recorded within equity.

Corteva, Inc. owns 100 percent of the outstanding common shares of EID. However, EID has preferred stock outstanding to third parties which is accounted for as a noncontrolling interest in Corteva's Consolidated Balance Sheets. Each share of EID
Preferred Stock - $4.50 Series and EID Preferred Stock - $3.50 Series issued and outstanding at the effective date of the Corteva Distribution remains issued and outstanding as to EID and was unaffected by the Corteva Distribution.

Below is a summary of the EID Preferred Stock at December 31, 2021 and December 31, 2020 which is classified as noncontrolling interests in the Corteva Consolidated Balance Sheets.

(Shares in thousands)Number of Shares
Authorized23,000
$4.50 Series, callable at $1201,673
$3.50 Series, callable at $102700

Other Comprehensive Income (Loss)
The changes and after-tax balances of components comprising accumulated other comprehensive income (loss) are summarized below:
(In millions)
Cumulative Translation Adjustment1
Derivative InstrumentsPension Benefit PlansOther Benefit PlansUnrealized Gain (Loss) on InvestmentsTotal
2019
Balance January 1, 2019$(2,793)$(26)$(620)$79 $— $(3,360)
Other comprehensive income (loss) before reclassifications(274)16 (723)(159)— (1,140)
Amounts reclassified from accumulated other comprehensive income (loss)— 12 5 (1)— 16 
Net other comprehensive income (loss) (274)28 (718)(160)— (1,124)
Impact of Internal Reorganizations
1,123 — 91 — — 1,214 
Balance December 31, 2019$(1,944)$2 $(1,247)$(81)$— $(3,270)
2020
Other comprehensive income (loss) before reclassifications$(26)$(81)$(191)$670 $(10)$362 
Amounts reclassified from accumulated other comprehensive income (loss)— 12 5 1 — 18 
Net other comprehensive income (loss) (26)(69)(186)671 (10)380 
Balance December 31, 2020$(1,970)$(67)$(1,433)$590 $(10)$(2,890)
2021
Other comprehensive income (loss) before reclassifications$(573)$143 $996 $25 $3 $594 
Amounts reclassified from accumulated other comprehensive income (loss)— (4)41 (646)7 (602)
Net other comprehensive income (loss)(573)139 1,037 (621)10 (8)
Balance December 31, 2021$(2,543)$72 $(396)$(31)$— $(2,898)
1.The cumulative translation adjustment losses for the year ended December 31, 2021 was primarily driven by the strengthening of the U.S. Dollar ("USD") against the European Euro ("EUR"), Swiss franc ("CHF") and Turkish Lira (“TRY”). The cumulative translation adjustment losses for the year ended December 31, 2020 was primarily driven by the strengthening of the U.S. Dollar ("USD") against the Brazilian Real ("BRL"), partially offset by the weakening of the U.S. Dollar against the Swiss franc ("CHF") and European Euro ("EUR").

The tax (expense) benefit on the net activity related to each component of other comprehensive income (loss) was as follows:
For the Year Ended December 31,
(In millions)202120202019
Derivative instruments$(41)$24 $(8)
Pension benefit plans - net(319)54 231 
Other benefit plans - net188 (211)52 
(Provision for) benefit from income taxes related to other comprehensive income (loss) items$(172)$(133)$275 
A summary of the reclassifications out of accumulated other comprehensive loss is provided as follows:
(In millions)For the Year Ended December 31,
202120202019
Derivative Instruments1:
$(13)$18 $13 
Tax (benefit) expense2
9 (6)(1)
After-tax$(4)$12 $12 
Amortization of pension benefit plans:
  Prior service (benefit) cost3,4
$(2)$(1)$(1)
  Actuarial (gains) losses3,4,5
55 4 2 
  Settlement (gain) loss3,4,5
1 3 4 
Total before tax54 6 5 
Tax (benefit) expense2
(13)(1)— 
After-tax$41 $5 $5 
Amortization of other benefit plans:
  Prior service (benefit) cost3,4
$(922)$— $— 
  Actuarial (gains) losses3,4
81 1 (1)
  Curtailment (gain) loss(1)— — 
Total before tax(842)1 (1)
Tax (benefit) expense2
196 — — 
After-tax$(646)$1 $(1)
Unrealized (Gain) Loss on Investments4
$7 $— $— 
Tax (benefit) expense2
— — — 
After-tax
$7 $— $— 
Total reclassifications for the period, after-tax$(602)$18 $16 
1.Reflected in cost of goods sold in the Consolidated Statements of Operations.
2.Reflected in provision for (benefit from) income taxes from continuing operations in the Consolidated Statements of Operations.
3.These accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit (credit) cost of the company's pension and other benefit plans. See Note 20 - Pension Plans and Other Post Employment Benefits, to the Consolidated Financial Statements, for additional information.
4.Reflected in other income - net in the Consolidated Statements of Operations.
5.A portion reflected in (loss) income from discontinued operations after income taxes for the year ended December 31, 2019.