Restructuring and Asset Related Charges (Tables)

12 Months Ended

Dec. 31, 2022

2022 Restructuring Actions

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Reserve by Segment

(In millions)	For the Year Ended December 31, 2022
Seed	$	120
Crop Protection	41
Corporate expenses	111
Total1	$	272

1.This amount excludes the pre-tax charges impacting the Seed segment recorded to cost of goods sold and other income (expense) - net in the company's Consolidated Statement of Operations, relating to inventory write-offs of $33 million, and a gain on sale of a business of $15 million, settlement costs associated with the Russia Exit, and charges associated with the exit of a non-strategic asset of $5 million, respectively. This amount also excludes the Russian Seed Sale, which impacted the Seed segment.

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

(In millions)	For the Year Ended December 31, 2022
Severance and related benefit costs	$	111
Asset related charges	104
Contract termination charges1	57
Total restructuring and asset related charges - net2	$	272

1.Contract terminations includes early lease terminations.

2.This amount excludes the pre-tax charges impacting the Seed segment recorded to cost of goods sold and other income (expense) - net in the company's Consolidated Statement of Operations, relating to inventory write-offs of $33 million, and a gain on sale of a business of $15 million, settlement costs associated with the Russia Exit, and charges associated with the exit of a non-strategic asset of $5 million, respectively. This amount also excludes the Russian Seed Sale, which impacted the Seed segment.

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

(In millions)	Severance and Related Benefit Costs		Asset Related		Contract Termination1		Total
Balance at December 31, 2021	$	—	$	—	$	—	$	—
Charges to income from continuing operations	111		104		57		272
Payments	(40)		—		(45)		(85)
Asset write-offs	—		(104)		—		(104)
Balance at December 31, 2022	$	71	$	—	$	12	$	83

1.The liability for contract terminations includes lease obligations. The cash impact of these obligations will be substantially complete in 2023.

2021 Restructuring Actions [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Reserve by Segment

The charges related to the 2021 Restructuring Actions related to the segments, as well as corporate expenses, for the years ended December 31, 2022 and 2021 were as follows:

	For the Year Ended December 31,
(In millions)	2022		2021
Seed	$	(1)	$	31
Crop Protection	(1)		55
Corporate expenses	(5)		81
Total	$	(7)	$	167

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

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

	For the Year Ended December 31,
(In millions)	2022		2021
Severance and related benefit costs	$	(5)	$	74
Asset related charges	—		51
Contract termination charges	(2)		42
Total restructuring and asset related charges - net	$	(7)	$	167

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

(In millions)	Severance and Related Benefit Costs		Asset Related		Contract Termination		Total
Balance at December 31, 2021	$	52	$	—	$	12	$	64
Charges to income from continuing operations	(5)		—		(2)		(7)
Payments	(37)		—		(10)		(47)
Asset write-offs	—		—		—		—
Balance at December 31, 2022	$	10	$	—	$	—	$	10

Execute to Win Productivity Program

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Reserve by Segment

The Execute to Win Productivity Program charges related to the segments, as well as corporate expenses for the years ended December 31, 2022, 2021, and 2020, were as follows:

	For the Year Ended December 31,
(In millions)	2022		2021		2020
Seed	$	—	$	—	$	15
Crop Protection	(4)		11		98
Corporate expenses	(8)		(2)		63
Total	$	(12)	$	9	$	176

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

The following table is a summary of charges incurred related to the Execute to Win Productivity Program for the years ended December 31, 2022, 2021 and 2020:

	For the Year Ended December 31,
(In millions)	2022		2021		2020
Severance and related benefit costs - net	$	(8)	$	(2)	$	63
Asset related charges	(4)		11		113
Total restructuring and asset related charges - net	$	(12)	$	9	$	176