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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net Sales $ 4,884 $ 4,601
Cost of Goods Sold 2,771 2,724
Research and Development Expense 316 268
Selling, General and Administrative Expenses 726 735
Amortization of Intangibles 160 179
Restructuring and Asset related charges, net 33 5
Other income - net (71) 17
Interest Expense 31 9
Income from continuing operations before income taxes 776 698
Provision for (benefit from) income taxes on continuing operations 169 121
Income from continuing operations after income taxes 607 577
Income (loss) from discontinued operations after income taxes (8) (10)
Net income 599 567
Net income attributable to noncontrolling interests 4 3
Net income attributable to Corteva $ 595 $ 564
Basic earnings (loss) per share of common stock from continuing operations $ 0.85 $ 0.79
Basic earnings (loss) per share of common stock from discontinued operations (0.01) (0.01)
Basic earnings (loss) per share of common stock 0.84 0.78
Diluted earnings (loss) per share of common stock from continuing operations 0.84 0.79
Diluted earnings (loss) per share of common stock from discontinued operations (0.01) (0.01)
Diluted earnings (loss) per share of common stock $ 0.83 $ 0.78
Segment Reconciling Items [Member]    
Restructuring and Asset related charges, net [1] $ (33) $ (5)
EID [Member]    
Net Sales 4,884 4,601
Cost of Goods Sold 2,771 2,724
Research and Development Expense 316 268
Selling, General and Administrative Expenses 726 735
Amortization of Intangibles 160 179
Restructuring and Asset related charges, net 33 5
Other income - net (71) 17
Income from continuing operations before income taxes 763 689
Provision for (benefit from) income taxes on continuing operations 166 119
Income from Continuing Operations After Taxes 597 570
Income (loss) from discontinued operations after income taxes (8) (10)
Net income 589 560
Net income attributable to noncontrolling interests 1 1
Net income attributable to Corteva 588 559
EID [Member] | Segment Reconciling Items [Member]    
Interest Expense $ 44 $ 18
[1] Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 5 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements for additional information.