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Stockholders' Equity
 3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block] STOCKHOLDERS' EQUITY
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 repurchased and retired 4,585,000 shares during the three months ended March 31, 2022 in the open market for a total cost of $235 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 7,646,000 shares in the open market for a total cost of $350 million during the three months ended March 31, 2021. Repurchases under the 2019 Share Buyback Plan were completed during the third quarter of 2021.

Shares repurchased pursuant to Corteva's share buyback plans 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
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 non-controlling interest in Corteva's interim 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 March 31, 2022, December 31, 2021, and March 31, 2021, which is classified as noncontrolling interests in Corteva's interim Consolidated Balance Sheets.
Shares in thousandsNumber of Shares
Authorized23,000
$4.50 Series, callable at $1201,673
$3.50 Series, callable at $102700
Other Comprehensive Income (Loss)
The changes and after-tax balances of components comprising accumulated other comprehensive income (loss) are summarized below:
(In millions)
Cumulative Translation Adjustment1
Derivative InstrumentsPension Benefit PlansOther Benefit PlansUnrealized Gain (Loss) on InvestmentsTotal
2021
Balance January 1, 2021$(1,970)$(67)$(1,433)$590 $(10)$(2,890)
Other comprehensive income (loss) before reclassifications(403)71 (4)1 4 $(331)
Amounts reclassified from accumulated other comprehensive income (loss)— (6)12 (158)6 $(146)
Net other comprehensive income (loss) (403)65 8 (157)10 $(477)
Balance March 31, 2021$(2,373)$(2)$(1,425)$433 $— $(3,367)
2022     
Balance January 1, 2022$(2,543)$72 $(396)$(31)$— $(2,898)
Other comprehensive income (loss) before reclassifications91 (13)8 3 — 89 
Amounts reclassified from accumulated other comprehensive income (loss)— (12)— — — (12)
Net other comprehensive income (loss) 91 (25)8 3 — 77 
Balance March 31, 2022$(2,452)$47 $(388)$(28)$— $(2,821)
1.The cumulative translation adjustment gain for the three months ended March 31, 2022 was primarily driven by weakening of the USD against the Brazilian Real ("BRL") partially offset by the strengthening of the USD against the European Euro ("EUR") and Swiss Franc ("CHF"). The cumulative translation adjustment loss for the three months ended March 31, 2021 was primarily driven by strengthening of the USD against the Swiss Franc ("CHF"), Brazilian Real ("BRL") and European Euro.

The tax (expense) benefit on the net activity related to each component of other comprehensive income (loss) was as follows:
(In millions)Three Months Ended
March 31,
20222021
Derivative instruments$(1)$(18)
Pension benefit plans - net(2)(2)
Other benefit plans - net3 49 
(Provision for) benefit from income taxes related to other comprehensive income (loss) items$— $29 
A summary of the reclassifications out of accumulated other comprehensive income (loss) is provided as follows:
(In millions)Three Months Ended
March 31,
20222021
Derivative Instruments1:
$(15)$(5)
Tax (benefit) expense2
3 (1)
After-tax$(12)$(6)
Amortization of pension benefit plans:
  Prior service (benefit) cost3,4
$(1)$— 
  Actuarial (gains) losses3,4
1 14 
  Settlement (gain) loss3,4
— 1 
Total before tax$— $15 
Tax (benefit) expense2
— (3)
After-tax$— $12 
Amortization of other benefit plans:
  Prior service (benefit) cost3,4
$— $(230)
  Actuarial (gains) loss3,4
— 23 
Total before tax$— $(207)
Tax (benefit) expense2
— 49 
After-tax$— $(158)
Unrealized Loss on Investments4
$— $6 
Tax (benefit) expense2
— — 
After-tax$— $6 
Total reclassifications for the period, after-tax$(12)$(146)
1.Reflected in cost of goods sold in the interim Consolidated Statements of Operations.
2.Reflected in provision for (benefit from) income taxes from continuing operations in the interim Consolidated Statements of Operations.
3.These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit credit of the company's pension and other benefit plans. See Note 14 - Pension Plans and Other Post Employment Benefits, for additional information.
4.Reflected in other income - net in the interim Consolidated Statements of Operations.