XML 183 R160.htm IDEA: XBRL DOCUMENT v3.25.4
EIDP Income Taxes Rate Reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Effective Income Tax Rate Reconciliation [Line Items]      
Statutory U.S. federal income tax rate 21.00%    
U.S. research and development credit (2.80%)    
State and Local Income Taxes - net [1] 0.30%    
Impact of Brazil valuation allowance [2] 4.40%    
Other, net (1.30%)    
Effective Income Tax Rate Reconciliation, Percent 28.70%    
Continuing Operations [Member]      
Effective Income Tax Rate Reconciliation [Line Items]      
Statutory U.S. federal income tax rate   21.00% 21.00%
Effective tax rates on international operations - net [3]   (4.80%) 1.80%
Acquisitions, divestitures, and ownership restructuring activities [4]   1.10% (3.60%)
U.S. research and development credit   (4.70%) (5.90%)
Exchange gains/losses [5]   1.70% 2.00%
State and Local Income Taxes - net   1.30% 0.90%
Impact of Swiss Tax Changes [6]   0.00% (7.90%)
Excess tax benefits (tax deficiency) from stock-compensation   0.20% 0.50%
Tax settlements and expiration of statue of limitations   (1.70%) (0.30%)
Impact of Brazil valuation allowance [7]   9.40% 0.00%
Repatriation of Foreign Earnings [8]   1.70% 2.90%
Other, net   0.10% (0.10%)
Deferred Other Tax Expense (Benefit)   $ (62)  
Continuing Operations [Member] | Brazil Valuation Allowance [Member] | Seed [Member]      
Effective Income Tax Rate Reconciliation [Line Items]      
Other Tax (Benefit) Expense   120  
Continuing Operations [Member] | Intellectual Property Realigment      
Effective Income Tax Rate Reconciliation [Line Items]      
Other Tax (Benefit) Expense   46  
Continuing Operations [Member] | Tax Currency Change      
Effective Income Tax Rate Reconciliation [Line Items]      
Other Tax (Benefit) Expense   $ (24)  
Continuing Operations [Member] | EIDP      
Effective Income Tax Rate Reconciliation [Line Items]      
Statutory U.S. federal income tax rate   21.00% 21.00%
Effective tax rates on international operations - net [9]   4.60% (1.90%)
Acquisitions, divestitures, and ownership restructuring activities [10]   (1.10%) 3.60%
U.S. research and development credit   (4.50%) (6.00%)
Exchange gains/losses [11]   1.70% 2.00%
State and Local Income Taxes - net   1.30% 0.90%
Impact of Swiss Tax Changes [12]   0.00% (8.00%)
Excess tax benefits (tax deficiency) from stock-compensation   (0.20%) (0.60%)
Tax settlements and expiration of statue of limitations   (1.60%) (0.40%)
Repatriation of Foreign Earnings [13]   1.70% 2.90%
Other, net   0.00% 0.20%
Effective Income Tax Rate Reconciliation, Percent   32.00% 13.70%
Deferred Other Tax Expense (Benefit)     $ (62)
Continuing Operations [Member] | EIDP | Brazil Valuation Allowance [Member]      
Effective Income Tax Rate Reconciliation [Line Items]      
Impact of Brazil valuation allowance [14]   9.10% 0.00%
Continuing Operations [Member] | EIDP | Brazil Valuation Allowance [Member] | Seed [Member]      
Effective Income Tax Rate Reconciliation [Line Items]      
Other Tax (Benefit) Expense   $ 120  
Continuing Operations [Member] | EIDP | Intellectual Property Realigment      
Effective Income Tax Rate Reconciliation [Line Items]      
Other Tax (Benefit) Expense     $ 46
Continuing Operations [Member] | EIDP | Tax Currency Change      
Effective Income Tax Rate Reconciliation [Line Items]      
Other Tax (Benefit) Expense     $ (24)
[1] State taxes in Minnesota made up the majority (greater than 50%) of the tax effect in this category.
[2] For the year ended December 31, 2025, a U.S. federal tax benefit of $(27) million, net of valuation allowance, was recorded to recognize a capital loss in a wholly owned foreign investment.
[3] Includes the effects of local and U.S. taxes related to earnings of non-U.S. subsidiaries, changes in the amount of unrecognized tax benefits associated with these earnings, losses at non-U.S. subsidiaries without local tax benefits due to valuation allowances, and other permanent differences between tax and U.S. GAAP results.
[4]     Includes net tax charge of $46 million for the year ended December 31, 2023, associated with intellectual property realignment.
[5] Principally reflects the impact of foreign exchange gains and losses on net monetary assets for which no corresponding tax impact is realized. Further information about the company's foreign currency hedging program is included in Note 6 - Supplementary Information, and Note 19 - Financial Instruments, to the Consolidated Financial Statements, under the heading "Foreign Currency Risk."
[6] Includes net tax benefits of $(62) million and $(24) million for the year ended December 31, 2023, related to changes in deferred taxes and a tax currency change, respectively.
[7] For the year ended December 31, 2024, a charge of $120 million was recorded to establish a valuation allowance against the net deferred tax asset position ofa legal entity in Brazil (Seed business).
[8] Includes the effect of withholding tax on distribution of foreign earnings to the U.S., net of U.S. foreign tax credits.
[9] Includes the effects of local and U.S. taxes related to earnings of non-U.S. subsidiaries, changes in the amount of unrecognized tax benefits associated with these earnings, losses at non-U.S. subsidiaries without local tax benefits due to valuation allowances, and other permanent differences between tax and U.S. GAAP results.
[10] Includes a tax charge of $46 million for the year ended December 31, 2023 associated with intellectual property realignment.
[11] Principally reflects the impact of foreign exchange gains and losses on net monetary assets for which no corresponding tax impact is realized. Further information about the company's foreign currency hedging program is included in Note 6 - Supplementary Information, and Note 19 - Financial Instruments, under the heading Foreign Currency Risk.
[12] Includes net tax benefits of $(62) million and $(24) million for the year ended December 31, 2023, related to changes in deferred taxes and a tax currency change, respectively.
[13] Includes the effect of withholding tax on distribution of foreign earnings to the U.S., net of U.S. foreign tax credits.
[14] For the year ended December 31, 2024, a charge of $120 million was recorded to establish a valuation allowance against the net deferred tax asset position of
a legal entity in Brazil (Seed business).