Restructuring and Asset Related Charges (Tables)

12 Months Ended

Dec. 31, 2024

2022 Restructuring Actions

Restructuring Cost and Reserve [Line Items]

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

	For the Year Ended December 31,
(In millions)	2024		2023		2022
Severance and related benefit costs1	$	—	$	20	$	111
Asset related charges	(2)		12		104
Contract termination charges2	3		10		57
Total restructuring and asset related charges - net3,4	$	1	$	42	$	272

1.Reflects corporate-related charges.

2.Contract termination charges includes early lease terminations.

3.The year ended December 31, 2024 reflects net charges of $1 million impacting the Seed segment . The years ended December 31, 2023 and December 31, 2022 reflect charges of $17 million and $120 million, respectively, impacting the Seed segment. The years ended December 31, 2023 and December 31, 2022 reflect charges of $5 million and $41 million, respectively, impacting the Crop Protection segment.

4.This amount excludes other pre-tax charges recorded during the years ended December 31, 2024, 2023 and 2022 impacting the Seed segment. These charges consisted of inventory write-offs and gains (losses) on sale of businesses, assets and equity investments and settlement costs associated with the Russia Exit, which are included in cost of goods sold and other income (expense) - net, in the company's Consolidated Statement of Operations, respectively. See Note 23 - Segment Information, to the Consolidated Financial Statements, for additional information.

Crop Protection Strategy Operations Program [Member]

Restructuring Cost and Reserve [Line Items]

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

(In millions)	For the Year Ended December 31, 2024		For the Year Ended December 31, 2023
Severance and related benefit costs1	$	91	$	—
Asset related charges2,3	101		214
Decommissioning and demolition costs2	10		—
Contract termination charges2	30		3
Total restructuring and asset related charges - net4	$	232	$	217

1.Reflects corporate related charges.

2.Reflects charges associated with the Crop Protection segment.

3.Asset-related charges includes impairment charges related to operating lease assets and property, plant and equipment.

4.This amount excludes charges relating to spare parts write-offs included in cost of goods sold for the year ended December 31, 2023, in the company’s Consolidated Statement of Operations.

A reconciliation of the December 31, 2023 to the December 31, 2024 liability balances related to the Crop Protection Operations Strategy Restructuring Program is summarized below:

(In millions)	Severance and Related Benefit Costs		Asset Related Charges1		Decommissioning and Demolition Costs		Contract Termination Charges		Total
Balance at December 31, 2023	$	—	$	—	$	—	$	—	$	—
Charges to income from continuing operations	91		101		10		30		232
Payments	(21)		—		(10)		(30)		(61)
Asset write-offs	—		(101)		—		—		(101)
Balance at December 31, 2024	$	70	$	—	$	—	$	—	$	70

1.Asset-related charges includes impairment charges related to operating lease assets and property, plant and equipment.