Restructuring and Asset Related Charges (Tables)

3 Months Ended

Mar. 31, 2023

2022 Restructuring Actions

Restructuring Cost and Reserve [Line Items]

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

	Three Months Ended March 31, 2023
(In millions)
Seed	$	6
Crop Protection	1
Corporate expenses	4
Total1	$	11

1.This amount excludes other pre-tax charges recorded during the three months ended March 31, 2023 impacting the Seed segment included in cost of goods sold and other income (expense) - net, in the company's interim Consolidated Statement of Operations, relating to inventory write-offs and the loss on the sale of the company's interest in an equity investment.

The following table is a summary of charges incurred related to 2022 Restructuring Actions for the three months ended March 31, 2023:

	Three Months Ended March 31, 2023
(In millions)
Severance and related benefit costs	$	4
Asset related charges	7
Contract termination charges1	—
Total restructuring and asset related charges - net2	$	11

1.Contract terminations includes early lease terminations.

2.This amount excludes other pre-tax charges recorded during the three months ended March 31, 2023 included in cost of goods sold and other income (expense) - net, in the company's interim Consolidated Statement of Operations, relating to inventory write-offs and the loss on the sale of the company's interest in an equity investment.

A reconciliation of the December 31, 2022 to the March 31, 2023 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, 2022	$	71	$	—	$	12	$	83
Charges to income (loss) from continuing operations	4		7		—		11
Payments	(12)		—		(11)		(23)
Asset write-offs	—		(7)		—		(7)
Balance at March 31, 2023	$	63	$	—	$	1	$	64

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