Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting Information [Line Items]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

Reconciliation to interim Consolidated Financial Statements

Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions)	Three Months Ended March 31,
	2023		2022
Income (loss) from continuing operations after income taxes	$	607	$	577
Provision for (benefit from) income taxes on continuing operations	169		121
Income (loss) from continuing operations before income taxes	776		698
Depreciation and amortization	287		307
Interest income	(40)		(15)
Interest expense	31		9
Exchange (gains) losses	36		47
Non-operating (benefits) costs	43		(65)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges	15		36
Significant items (benefit) charge	83		22
Corporate expenses	24		21
Segment operating EBITDA	$	1,255	$	1,060

Schedule of Segment Reporting Information, by Segment [Table Text Block]

As of and for the Three Months Ended March 31, (In millions)	Seed		Crop Protection		Total
2023
Net sales	$	2,695	$	2,189	$	4,884
Segment operating EBITDA	$	652	$	603	$	1,255
Segment assets1	$	23,966	$	17,584	$	41,550
2022
Net sales	$	2,524	$	2,077	$	4,601
Segment operating EBITDA	$	569	$	491	$	1,060
Segment assets1	$	24,146	$	14,144	$	38,290

1.    Segment assets at December 31, 2022 were $22,952 million and $14,097 million for Seed and Crop Protection, respectively.

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

Segment assets to total assets (in millions)	March 31, 2023		December 31, 2022		March 31, 2022
Total segment assets	$	41,550	$	37,049	$	38,290
Corporate assets	3,950		5,569		4,343
Total assets	$	45,500	$	42,618	$	42,633

Schedule of Additional Segment Details [Table Text Block]

(In millions)	Seed		Crop Protection		Corporate		Total
For the Three Months Ended March 31, 2023
Restructuring and asset related charges - net1	$	(21)	$	(6)	$	(6)	$	(33)
Estimated settlement expense2	—		(49)		—		(49)
Inventory write-offs3	(4)		—		—		(4)
Gain (loss) on sale of assets and equity investments3	—		3		—		3
Seed sale associated with Russia Exit3,4	19		—		—		19
Acquisition-related costs5	—		(19)		—		(19)
Total	$	(6)	$	(71)	$	(6)	$	(83)

(In millions)	Seed		Crop Protection		Corporate		Total
For the Three Months Ended March 31, 2022
Restructuring and asset related charges - net1	$	(5)	$	2	$	(2)	$	(5)
Estimated settlement expense2	—		(17)		—		(17)
Total	$	(5)	$	(15)	$	(2)	$	(22)

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.

2.Consists of estimated Lorsban® related charges.

3.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.

4.Includes a benefit of $19 million relating to the sale of seeds already under production in Russia when the decision to exit the country was made and that the company was contractually required to purchase. It consists of $41 million of net sales and $22 million of cost of goods sold.

5.Relates to acquisition-related costs, including transaction and third-party integration costs associated with the completed acquisitions of Stoller and Symborg as well as the recognition of the inventory fair value step-up. See Note 3 - Business Combinations, to the interim Consolidated Financial Statements, for additional information.