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Segment Reporting (Notes)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block] SEGMENT INFORMATION
Corteva’s reportable segments reflects the manner in which its chief operating decision maker ("CODM") allocates resources and assesses performance, which is at the operating segment level (Seed and Crop Protection). For purposes of allocating resources to the segments and assessing segment performance, segment operating EBITDA is the primary measure used by Corteva’s CODM. The company defines segment operating EBITDA as earnings (loss) (i.e., income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, corporate expenses, non-operating benefits (costs), foreign exchange gains (losses), and net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting, excluding the impact of significant items. Non-operating benefits (costs) consists of non-operating pension and other post-employment benefit (OPEB) credits (costs), tax indemnification adjustments and environmental remediation and legal costs associated with legacy EIDP businesses and sites. Tax indemnification adjustments relate to changes in indemnification balances, as a result of the application of the terms of the Tax Matters Agreement, between Corteva and Dow and/or DuPont that are recorded by the company as pre-tax income or expense. Net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting represents the non-cash net gain (loss) from changes in fair value of certain undesignated foreign currency derivative contracts. Upon settlement, which is within the same calendar year of execution of the contract, the realized gain (loss) from the changes in fair value of the non-qualified foreign currency derivative contracts will be reported in the respective segment results to reflect the economic effects of the foreign currency derivative contracts without the resulting unrealized mark to fair value volatility.
As of and for the Three Months Ended June 30,
(In millions)
SeedCrop ProtectionTotal
2024   
Net sales$4,331 $1,781 $6,112 
Segment operating EBITDA1,698 255 1,953 
Segment assets1
22,206 15,015 37,221 
2023   
Net sales$4,264 $1,781 $6,045 
Segment operating EBITDA1,458 320 1,778 
Segment assets1
22,952 16,342 39,294 
1.    Segment assets at December 31, 2023 were $22,732 million and $15,004 million for Seed and Crop Protection, respectively.

As of and for the Six Months Ended June 30,
(In millions)
SeedCrop ProtectionTotal
2024   
Net sales$7,082 $3,522 $10,604 
Segment operating EBITDA2,446 565 3,011 
2023   
Net sales$6,959 $3,970 $10,929 
Segment operating EBITDA2,110 923 3,033 


Reconciliation to interim Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDA
Three Months Ended June 30,Six Months Ended June 30,
(In millions)2024202320242023
Income (loss) from continuing operations after income taxes$1,056 $880 $1,432 $1,487 
Provision for (benefit from) income taxes on continuing operations282 204 388 373 
Income (loss) from continuing operations before income taxes$1,338 $1,084 $1,820 $1,860 
Depreciation and amortization312 306 619 593 
Interest income(25)(54)(60)(94)
Interest expense66 82 107 113 
Exchange (gains) losses78 104 137 140 
Non-operating (benefits) costs30 44 82 87 
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges(19)63 (18)78 
Significant items (benefit) charge137 117 264 200 
Corporate expenses36 32 60 56 
Segment operating EBITDA$1,953 $1,778 $3,011 $3,033 

Segment assets to total assets (In millions)
June 30, 2024December 31, 2023June 30, 2023
Total segment assets$37,221 $37,736 $39,294 
Corporate assets4,243 5,260 4,895 
Total assets$41,464 $42,996 $44,189 
Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA
The three and six months ended June 30, 2024 and 2023, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating EBITDA:

(In millions)SeedCrop ProtectionCorporateTotal
For the Three Months Ended June 30, 2024
Restructuring and asset related charges - net1
$(33)$(32)$(27)$(92)
Estimated settlement expense2
— (47)— (47)
Inventory write-offs3
2 — — 2 
Gain (loss) on sale of assets3
— 3 — 3 
Acquisition-related costs5
— (3)— (3)
Total$(31)$(79)$(27)$(137)
(In millions)SeedCrop ProtectionCorporateTotal
For the Three Months Ended June 30, 2023
Restructuring and asset related charges - net1
$(54)$(5)$(1)$(60)
Estimated settlement expense2
— (41)— (41)
Inventory write-offs3
(3)— — (3)
Seed sale associated with Russia Exit3,4
(1)— — (1)
Acquisition-related costs5
— (15)— (15)
Employee Retention Credit — 3 — 3 
Total$(58)$(58)$(1)$(117)

(In millions)SeedCrop ProtectionCorporateTotal
For the Six Months Ended June 30, 2024
Restructuring and asset related charges - net1
$(53)$(73)$(41)$(167)
Estimated settlement expense2
— (101)— (101)
Inventory write-offs3
2 — — 2 
Gain (loss) on sale of assets3
4 3 — 7 
Acquisition-related costs5
— (5)— (5)
Total$(47)$(176)$(41)$(264)
(In millions)SeedCrop ProtectionCorporateTotal
For the Six Months Ended June 30, 2023
Restructuring and asset related charges - net1
$(75)$(11)$(7)$(93)
Estimated settlement expense2
— (90)— (90)
Inventory write-offs3
(7)— — (7)
Gain (loss) on sale of assets and equity investments3
— 3 — 3 
Seed sale associated with Russia Exit3,4
18 — — 18 
Acquisition-related costs5
— (34)— (34)
Employee Retention Credit — 3 — 3 
Total$(64)$(129)$(7)$(200)
1.Includes 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. The three and six months ended June 30, 2024 includes a $2 million benefit associated with sales of inventory previously reserved for in association with the 2022 Restructuring Actions.
4.Includes a benefit (charge) of $(1) million and $18 million for the three and six months ended June 30, 2023, 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 $30 million and $71 million of net sales and $31 million and $53 million of cost of goods sold for the three and six months ended June 30, 2023, respectively.
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.