Restructuring and Asset Related Charges (Tables)

3 Months Ended

Mar. 31, 2022

2021 Restructuring Actions [Domain]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

	Three Months Ended March 31,
(In millions)	2022		2021
Seed	$	(2)	$	14
Crop Protection	(2)		28
Corporate expenses	2		47
Total	$	(2)	$	89

The following table is a summary of charges incurred related to 2021 Restructuring Actions for the three months ended March 31, 2022 and 2021:

	Three Months Ended March 31,
(In millions)	2022		2021
Severance and related benefit costs	$	2	$	39
Asset related charges	(1)		13
Contract termination charges	(3)		37
Total restructuring and asset related charges - net	$	(2)	$	89

A reconciliation of the December 31, 2021 to the March 31, 2022 liability balances related to the 2021 Restructuring Actions is summarized below:

(In millions)	Severance and Related Benefit Costs		Asset Related1		Contract Termination2		Total
Balance at December 31, 2021	$	52	$	—	$	12	$	64
Charges to income (loss) from continuing operations	2		(1)		(3)		(2)
Payments	(19)		—		(4)		(23)
Asset write-offs	—		1		—		1
Balance at March 31, 2022	$	35	$	—	$	5	$	40

1.In addition, the company has a liability recorded for asset retirement obligations of $6 million as of March 31, 2022.

2.The liability for contract terminations includes lease obligations. The cash impact of these obligations will be substantially complete by the end of 2022.