Supplementary Information (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Other Nonoperating Income (Expense)

Other Income - Net	For the Year Ended December 31,
(In millions)	2021		2020		2019
Interest income	$	77	$	56	$	59
Equity in earnings (losses) of affiliates - net	14		—		(9)
Net gain (loss) on sales of businesses and other assets1	21		(2)		64
Net exchange gains (losses)2	(54)		(174)		(99)
Non-operating pension and other post employment benefit credit (costs)3	1,318		368		191
Miscellaneous income (expenses) - net4	(28)		(36)		9
Other income - net	$	1,348	$	212	$	215

1.    The year ended December 31, 2021 includes a gain of $19 million relating to the sale of a business in Asia Pacific in the crop protection segment. The year ended December 31, 2020 includes a loss of $(53) million and a gain of $27 million relating to the expected sale of the La Porte site, for which the company signed an agreement in 2020, and the sale of a business in Asia Pacific in the crop protection segment, respectively.

2.    Includes net pre-tax exchange gains (losses) of $(67) million, $(82) million and $(51) million associated with the devaluation of the Argentine peso for the years ended December 31, 2021, 2020 and 2019, respectively.

3.    Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected long-term rate of return on plan assets, amortization of unrecognized gain (loss), amortization of prior service benefit and settlement gain (loss)). 

4.    Miscellaneous income (expenses) - net, includes losses from 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. The year ended December 31, 2021 also includes the Employee Retention Credit of $60 million pursuant to the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act as enhanced by the Consolidated Appropriations Act (“CAA”) and American Rescue Plan Act (“ARPA”), a gain from the remeasurement of an equity investment of $47 million, a charge related to a contract termination with a third-party service provider of $(54) million and the 2021 officer indemnification payment.

Foreign Currency Exchange Gain (Loss)

	For the Year Ended December 31,
(In millions)	2021		2020		2019
Subsidiary Monetary Position Gain (Loss)
Pre-tax exchange gain (loss)	$	(72)	$	(263)	$	(41)
Local tax (expenses) benefits	(30)		34		2
Net after-tax impact from subsidiary exchange gain (loss)	$	(102)	$	(229)	$	(39)
Hedging Program Gain (Loss)
Pre-tax exchange gain (loss)	$	18	$	89	$	(58)
Tax (expenses) benefits	(4)		(21)		13
Net after-tax impact from hedging program exchange gain (loss)	$	14	$	68	$	(45)
Total Exchange Gain (Loss)
Pre-tax exchange gain (loss)	$	(54)	$	(174)	$	(99)
Tax (expenses) benefits	(34)		13		15
Net after-tax exchange gain (loss)	$	(88)	$	(161)	$	(84)

Restrictions on Cash and Cash Equivalents

(In millions)	December 31, 2021		December 31, 2020
Cash and cash equivalents	$	4,459	$	3,526
Restricted cash equivalents	377		347
Total cash, cash equivalents and restricted cash equivalents	$	4,836	$	3,873