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Segment Reporting (Notes)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block] SEGMENT INFORMATION
Corteva’s reportable segments reflects the manner in which its chief operating decision maker ("CODM") allocates resources and assesses performance, which is at the operating segment level (seed and crop protection). For purposes of allocating resources to the segments and assessing segment performance, segment operating EBITDA is the primary measure used by Corteva’s CODM. The company defines segment operating EBITDA as earnings (loss) (i.e., income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, corporate expenses, non-operating (benefits) costs, foreign exchange gains (losses), and net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting, excluding the impact of significant items. Effective January 1, 2021, on a prospective basis, the company excludes from segment operating EBITDA net unrealized gain or loss from mark-to- market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting. Non-operating (benefits) costs consists of non-operating pension and other post-employment benefit (OPEB) costs, tax indemnification adjustments, environmental remediation and legal costs associated with legacy EID businesses and sites, and the 2021 officer indemnification payment. Tax indemnification adjustments relate 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 that are recorded by the company as pre-tax income or expense. Net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting represents the non-cash net gain (loss) from changes in fair value of certain undesignated foreign currency derivative contracts. Upon settlement, which is within the same calendar year of execution of the contract, the realized gain (loss) from the changes in fair value of the non-qualified foreign currency derivative contracts will be reported in the respective segment results to reflect the economic effects of the foreign currency derivative contracts without the resulting unrealized mark to fair value volatility. For the year ended December 31, 2019, segment operating EBITDA is calculated on a pro forma basis, as this is the manner in which the CODM assesses performance and allocates resources or expense.

Pro forma adjustments used in the calculation of pro forma segment operating EBITDA for the year ended December 31, 2019 were determined in accordance with Article 11 of Regulation S-X that was in effect prior to recent amendments. These adjustments give effect to the Merger, the debt retirement transactions related to paying off or retiring portions of EID’s existing debt liabilities (as discussed in Note 17 - Long-Term Debt and Available Credit Facilities, to the Consolidated Financial Statements), and the separation and distribution to DowDuPont stockholders of all the outstanding shares of Corteva common stock as if they had been consummated on January 1, 2016.

Corporate Profile
The company conducts its global operations through the following reportable segments:

Seed
The company’s seed segment is a global leader in developing and supplying advanced germplasm and traits that produce optimum yield for farms around the world. The segment is a leader in many of the company’s key seed markets, including North America corn and soybeans, Europe corn and sunflower, as well as Brazil, India, South Africa and Argentina corn. The segment offers trait technologies that improve resistance to weather, disease, insects and herbicides used to control weeds, and trait technologies that enhance food and nutritional characteristics. In addition, the segment provides digital solutions that assist farmer decision-making with a view to optimize product selection and, ultimately, help maximize yield and profitability.

Crop Protection
The crop protection segment serves the global agricultural input industry with products that protect against weeds, insects and other pests, and disease, and that improve overall crop health both above and below ground via nitrogen management and seed-applied technologies. The segment is a leader in global herbicides, insecticides, nitrogen stabilizers and pasture and range management herbicides.

(In millions)
SeedCrop ProtectionTotal
As of and for the Year Ended December 31, 2021   
Net sales$8,402 $7,253 $15,655 
Segment operating EBITDA$1,512 $1,202 $2,714 
Depreciation and amortization$866 $377 $1,243 
Segment assets$23,270 $12,428 $35,698 
Investments in nonconsolidated affiliates$29 $47 $76 
Purchases of property, plant and equipment$237 $336 $573 
As of and for the Year Ended December 31, 2020   
Net sales$7,756 $6,461 $14,217 
Segment operating EBITDA$1,208 $1,004 $2,212 
Depreciation and amortization$798 $379 $1,177 
Segment assets$23,751 $13,099 $36,850 
Investments in nonconsolidated affiliates$22 $44 $66 
Purchases of property, plant and equipment$225 $250 $475 
As of and for the Year Ended December 31, 2019
Net sales$7,590 $6,256 $13,846 
Pro forma segment operating EBITDA$1,040 $1,066 $2,106 
Depreciation and amortization$628 $372 $1,000 
Segment assets1
$25,387 $13,492 $38,879 
Investments in nonconsolidated affiliates$27 $39 $66 
Purchase of property, plant and equipment$373 $293 $666 
1.On June 1, 2019, as a result of changes in reportable segments, $3,382 million of goodwill was reallocated from the seed reportable segment to the crop protection reportable segment. This change was not reflected in segment assets prior to June 1, 2019.

Reconciliation to Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDA
For the Year Ended December 31,
(In millions)202120202019
Income (loss) from continuing operations after income taxes$1,822 $756 $(270)
Provision for (benefit from) income taxes on continuing operations524 (81)(46)
Income (loss) from continuing operations before income taxes2,346 675 (316)
Depreciation and amortization1,243 1,177 1,000 
Interest income(77)(56)(59)
Interest expense30 45 136 
Exchange (gains) losses - net 1
54 174 66 
Non-operating (benefits) costs - net(1,256)(316)(129)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges2
— 
Significant items236 388 991 
Pro forma adjustments298 
Corporate expenses138 125 119 
Segment operating EBITDA3
$2,714 $2,212 $2,106 
1.Excludes a $(33) million foreign exchange loss for the year ended December 31, 2019 associated with the devaluation of the Argentine peso. See Note 9 - Supplementary Information, to the Consolidated Financial Statements, for additional information.
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. There were no unrealized mark-to-market (gains) losses for the years ended December 31, 2020 and 2019.
3.The year ended December 31, 2019 is presented on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X that was in effect prior to recent amendments.
Segment assets to total assets (in millions)
December 31, 2021December 31, 2020
Total segment assets$35,698 $36,850 
Corporate assets6,646 5,799 
Total assets$42,344 $42,649 


Other Items (in millions)
Segment Totals
Adjustments 1
Consolidated Totals
For the Year Ended December 31, 2019
Depreciation and amortization$1,000 $599 $1,599 
Purchase of property, plant and equipment$666 $497 $1,163 
1.See Note 5 - Divestitures and Other Transactions, to the Consolidated Financial Statements, for additional information.
Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA
The years ended December 31, 2021, 2020 and 2019, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating EBITDA:
(In millions)SeedCrop ProtectionCorporateTotal
For the Year Ended December 31, 2021
Restructuring and Asset Related Charges - Net 1
$(152)$(59)$(78)$(289)
Equity securities mark-to-market gain (loss)47 — — 47 
Employee Retention Credit37 23 — 60 
Contract termination(30)(24)— (54)
Total$(98)$(60)$(78)$(236)
(In millions)SeedCrop ProtectionCorporateTotal
For the Year Ended December 31, 2020
Restructuring and Asset Related Charges - Net 1
$(165)$(109)$(61)$(335)
Loss on Divestiture 2
— (53)— (53)
Total$(165)$(162)$(61)$(388)
(In millions)SeedCrop ProtectionCorporateTotal
For the Year Ended December 31, 20193
Restructuring and Asset Related Charges - Net 1
$(213)$(23)$14 $(222)
Integration and Separation Costs 4
— — (632)(632)
Loss on Divestiture 5
(24)— — (24)
Amortization of Inventory Step Up 6
(67)— — (67)
Loss on Early Extinguishment of Debt 7
— — (13)(13)
Argentina Currency Devaluation 8
— — (33)(33)
Total$(304)$(23)$(664)$(991)
1.Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization. See Note 7 - Restructuring and Asset Related Charges - Net, to the Consolidated Financial Statements, for additional information.
2.Includes a loss recorded in other income - net related to the sale of the La Porte site.
3.The year ended December 31, 2019 is presented on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X that was in effect prior to recent amendments.
4.Integration and separation costs include costs incurred to prepare for and close the Merger, post-Merger integration expenses, and costs incurred to prepare for the Internal Reorganizations. Beginning in the second quarter of 2019, this includes both integration and separation costs.
5.Includes a loss recorded in other income - net related to DAS's sale of a joint venture related to synergy actions.
6.Includes a charge related to the amortization of the inventory that was stepped up to fair value in connection with the Merger.
7.Includes a loss on early extinguishment of debt related to the difference between the redemption price and the par value of the Make Whole Notes and Term Loan Facility, partially offset by the write-off of unamortized step-up related to the fair value step-up of EID's debt.
8.Includes a charge included in other income - net associated with remeasuring the company’s Argentine Peso net monetary assets, resulting from an unexpected August primary election result in Argentina. Throughout the three months ended September 30, 2019, the Argentine Peso dropped approximately a third of its value against the US dollar and in September of 2019, the country’s central bank announced new restrictions on foreign currency transactions.