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Revenue (Notes)
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
Remaining Performance Obligations
Remaining performance obligations represent the transaction price allocated to unsatisfied or partially unsatisfied performance obligations. The company applies the practical expedient to disclose the transaction price allocated to the remaining performance obligations for only those contracts with an original duration of more than one year. The transaction price allocated to remaining performance obligations with an original duration of more than one year related to material rights granted to customers for contract renewal options were $147 million, $150 million and $135 million at March 31, 2026, December 31, 2025 and March 31, 2025, respectively. The company expects revenue to be recognized for the remaining performance obligations evenly over a period of six years.
Contract Balances
Contract liabilities primarily reflect deferred revenue from prepayments under contracts with customers where the company receives advance payments for products to be delivered in future periods. Corteva classifies deferred revenue as current or noncurrent based on the timing of when the company expects to recognize revenue. Contract assets primarily include amounts related to conditional rights to consideration for completed performance not yet invoiced. Accounts receivable are recorded when the right to consideration becomes unconditional.

Contract BalancesMarch 31, 2026December 31, 2025March 31, 2025
(In millions)
Contract assets - current 1
$34 $34 $30 
Contract assets - noncurrent 2
$82 $83 $73 
Deferred revenue - current$2,773 $3,579 $2,631 
Deferred revenue - noncurrent 3
$113 $125 $111 
1.Included in other current assets in the interim Consolidated Balance Sheets.
2.Included in other assets in the interim Consolidated Balance Sheets.
3.Included in other noncurrent obligations in the interim Consolidated Balance Sheets.

Revenue recognized during the three months ended March 31, 2026 and 2025 from amounts included in deferred revenue at the beginning of the period was $1,268 million and $1,174 million, respectively.

Disaggregation of Revenue
Corteva's operations are classified into two operating segments: Seed and Crop Protection. The company disaggregates its revenue by major product line and geographic region, as the company believes it best depicts the nature, amount and timing of its revenue and cash flows. Net sales by major product line are included below:
Three Months Ended
March 31,
(In millions)20262025
    Corn$2,373 $2,069 
    Soybean306 305 
    Other oilseeds245 223 
    Other99 110 
Seed3,023 2,707 
    Herbicides1,027 860 
    Insecticides377 336 
    Fungicides334 304 
    Biologicals70 84 
    Other74 126 
Crop Protection1,882 1,710 
Total$4,905 $4,417 
Sales are attributed to geographic regions based on customer location. Net sales by geographic region and segment are included below:
SeedThree Months Ended
March 31,
(In millions)20262025
North America 1
$1,770 $1,597 
EMEA 2
928 826 
Latin America224 185 
Asia Pacific101 99 
Total$3,023 $2,707 

Crop ProtectionThree Months Ended
March 31,
(In millions)20262025
North America 1
$669 $613 
EMEA 2
727 651 
Latin America282 257 
Asia Pacific204 189 
Total$1,882 $1,710 
1.Represents U.S. and Canada.
2.Europe, Middle East and Africa (“EMEA”).