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Segment Reporting (Notes)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block] SEGMENT INFORMATION
Corteva’s reportable segments reflect 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). The company's CODM is the Chief Executive Officer. The primary measure used by Corteva's CODM for purposes of allocating resources to the segments and assessing segment performance is segment operating EBITDA.

Segment operating EBITDA is primarily utilized in the annual planning and monthly forecasting processes. On a monthly basis, the CODM considers variances between comparable prior year actual results and current year actual or forecasted results when evaluating the company's success in delivering its innovative proprietary technology to farmers and monitoring of expected savings from cost and productivity actions. The CODM also utilizes segment operating EBITDA when evaluating the impacts of market-driven trends on segment performance, such as input costs and inflationary and currency impacts.

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 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.

Corporate Profile
The company conducts its global operations through the following reportable segments:

Seed
The company’s Seed segment is a global leader in developing and supplying advanced germplasm and traits that produce optimum yield for farms around the world. The segment is a leader in many of the company’s key seed markets, including North America corn and soybeans, Europe corn and sunflower, as well as Brazil, India, South Africa and Argentina corn. The segment offers trait technologies that improve resistance to weather, disease, insects and enhance food and nutritional characteristics, herbicides used to control weeds, and digital solutions that assist farmer decision-making to help maximize yield and profitability.

Crop Protection
The Crop Protection segment serves the global agricultural input industry with products that protect against weeds, insects and other pests, and disease, and that improve overall crop health both above and below ground via nitrogen management and seed-applied technologies. The segment offers crop protection solutions and digital solutions that provide farmers the tools they need to improve productivity and profitability, and help keep fields free of weeds, insects and diseases. The segment is a leader in global herbicides, insecticides, nitrogen stabilizers, pasture and range management herbicides and biologicals.

(In millions)
SeedCrop ProtectionTotal
As of and for the Year Ended December 31, 2024   
Net sales$9,545 $7,363 $16,908 
Segment operating EBITDA2,219 1,272 3,491 
Depreciation and amortization805 422 1,227 
Segment assets21,246 14,241 35,487 
Investments in nonconsolidated affiliates57 77 134 
Purchases of property, plant and equipment365 232 597 
As of and for the Year Ended December 31, 2023   
Net sales$9,472 $7,754 $17,226 
Segment operating EBITDA2,117 1,374 3,491 
Depreciation and amortization814 397 1,211 
Segment assets22,732 15,004 37,736 
Investments in nonconsolidated affiliates39 76 115 
Purchases of property, plant and equipment332 263 595 
As of and for the Year Ended December 31, 2022
Net sales$8,979 $8,476 $17,455 
Segment operating EBITDA1,656 1,684 3,340 
Depreciation and amortization839 384 1,223 
Segment assets22,952 14,097 37,049 
Investments in nonconsolidated affiliates35 67 102 
Purchases of property, plant and equipment225 380 605 
Reconciliation of Segment Profitability
(In millions)SeedCrop ProtectionTotal
For the Year Ended December 31, 2024
Net sales$9,545 $7,363 $16,908 
Cost of goods sold4,876 4,636 9,512 
Other expenses1
2,450 1,455 3,905 
Segment operating EBITDA$2,219 $1,272 $3,491 
(In millions)SeedCrop ProtectionTotal
For the Year Ended December 31, 2023
Net sales$9,472 $7,754 $17,226 
Cost of goods sold4,982 4,913 9,895 
Other expenses1
2,373 1,467 3,840 
Segment operating EBITDA$2,117 $1,374 $3,491 
(In millions)SeedCrop ProtectionTotal
For the Year Ended December 31, 2022
Net sales$8,979 $8,476 $17,455 
Cost of goods sold4,898 5,454 10,352 
Other expenses1
2,425 1,338 3,763 
Segment operating EBITDA$1,656 $1,684 $3,340 
1.Other expenses consisted primarily of selling, general and administrative expenses and research and development expense, net of depreciation add-back.

Reconciliation to Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDAFor the Year Ended December 31,
(In millions)202420232022
Income (loss) from continuing operations after income taxes$863 $941 $1,216 
Provision for (benefit from) income taxes on continuing operations412 152 210 
Income (loss) from continuing operations before income taxes$1,275 $1,093 $1,426 
Depreciation and amortization1,227 1,211 1,223 
Interest income(132)(283)(124)
Interest expense233 233 79 
Exchange (gains) losses - net284 397 229 
Non-operating (benefits) costs - net174 151 (111)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges— — — 
Significant items315 579 502 
Corporate expenses115 110 116 
Segment operating EBITDA$3,491 $3,491 $3,340 

Segment assets to total assets (in millions)
December 31, 2024December 31, 2023
Total segment assets$35,487 $37,736 
Corporate assets5,338 5,260 
Total assets$40,825 $42,996 
Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA
The years ended December 31, 2024, 2023 and 2022, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating EBITDA:
(In millions)SeedCrop ProtectionCorporateTotal
For the Year Ended December 31, 2024
Restructuring and asset related charges - net1
$(55)$(142)$(91)$(288)
Estimated settlement expense2
— (101)— (101)
Inventory write-offs3
2 — — 2 
Gain (loss) on sale of business, assets and equity investments3
4 3 — 7 
Acquisition-related costs6
— (6)— (6)
Insurance proceeds7
— 71 — 71 
Total$(49)$(175)$(91)$(315)

(In millions)SeedCrop ProtectionCorporateTotal
For the Year Ended December 31, 2023
Restructuring and asset related charges - net1
$(86)$(228)$(22)$(336)
Estimated settlement expense2
— (204)— (204)
Inventory write-offs3
(7)— — (7)
Spare parts write-off4
— (12)— (12)
Gain (loss) on sale of business, assets and equity investments3
4 10 — 14 
Employee Retention Credit— 3 — 3 
AltEn facility remediation charges(10)— — (10)
Seed sale associated with Russia Exit3,5
18 — — 18 
Acquisition-related costs6
— (45)— (45)
Total$(81)$(476)$(22)$(579)

(In millions)SeedCrop ProtectionCorporateTotal
For the Year Ended December 31, 2022
Restructuring and asset related charges - net1
$(228)$(37)$(98)$(363)
Estimated settlement expense2
— (87)— (87)
Inventory write-offs3
(33)— — (33)
Gain (loss) on sale of business, assets and equity investments3
(5)15 — 10 
Settlement costs associated with Russia Exit3
(8)— — (8)
Employee Retention Credit6 3 — 9 
AltEn facility remediation charges(33)— — (33)
Seed sale associated with Russia Exit3,5
3 — — 3 
Total$(298)$(106)$(98)$(502)
1.Includes restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 6 - Restructuring and Asset Related Charges - Net, to the 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.Incremental loss associated with activities related to the Crop Protection Operations Strategy Restructuring Program.
5.Includes a benefit of $18 million and $3 million for the years ended December 31, 2023 and 2022, respectively, 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 $71 million and $8 million of net sales and $53 million and $5 million of cost of goods sold for the years ended December 31, 2023 and 2022, respectively.
6.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 4 - Business Combinations, to the Consolidated Financial Statements, for additional information.
7.Includes proceeds received related to prior significant items.