XML 45 R29.htm IDEA: XBRL DOCUMENT v3.26.1
EIDP Segment FN (Notes)
 3 Months Ended
Mar. 31, 2026
Segment Reporting Information [Line Items]  
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). 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 CODM does not use segment assets to inform resource allocation decisions or assess segment performance.

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 and separation costs. 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.

As of and for the Three Months Ended March 31,
(In millions)
SeedCrop ProtectionTotal
2026   
Net sales$3,023 $1,882 $4,905 
Segment operating EBITDA1,034 434 1,468 
Depreciation and amortization192 105 297 
Purchases of property, plant and equipment51 30 81 
2025   
Net sales$2,707 $1,710 $4,417 
Segment operating EBITDA842 377 1,219 
Depreciation and amortization191 105 296 
Purchases of property, plant and equipment47 47 94 

Reconciliation of Segment Profitability
(In millions)
SeedCrop ProtectionTotal
For the Three Months Ended March 31, 2026
   
Net sales$3,023 $1,882 $4,905 
Cost of goods sold1,306 1,057 2,363 
Other expenses 1
683 391 1,074 
Segment operating EBITDA$1,034 $434 $1,468 
(In millions)
SeedCrop ProtectionTotal
For the Three Months Ended March 31, 2025
Net sales$2,707 $1,710 $4,417 
Cost of goods sold1,275 1,018 2,293 
Other expenses 1
590 315 905 
Segment operating EBITDA$842 $377 $1,219 
1.    Other expenses consisted primarily of selling, general and administrative expenses and research and development expense, net of depreciation add-back.
Reconciliation to Interim Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDAThree Months Ended March 31,
(In millions)20262025
Income (loss) from continuing operations after income taxes$725 $667 
Provision for (benefit from) income taxes on continuing operations133 117 
Income (loss) from continuing operations before income taxes$858 $784 
Depreciation and amortization297 296 
Interest income(34)(32)
Interest expense36 36 
Exchange (gains) losses - net67 27 
Non-operating (benefits) costs - net(18)10 
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges3 9 
Significant items (benefit) charge177 59 
Separation costs52 — 
Corporate expenses30 30 
Segment operating EBITDA$1,468 $1,219 

Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA
The three months ended March 31, 2026 and 2025, 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 March 31, 2026
Restructuring and asset related charges - net 1
$— $(14)$(78)$(92)
Litigation settlement 2
— (85)— (85)
Total$— $(99)$(78)$(177)

(In millions)SeedCrop ProtectionCorporateTotal
For the Three Months Ended March 31, 2025
Restructuring and asset related charges - net 1
$(3)$(14)$(5)$(22)
AltEn facility remediation charges 3
(37)— — (37)
Total$(40)$(14)$(5)$(59)
1.Includes restructuring plans and asset related charges. See Note 4 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements, for additional information.
2.Relates to a settlement charge associated with the Crop Protection loyalty program multi-district litigation plaintiffs. See Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements, for additional information.
3.Relates to a charge to increase the remediation accrual at the AltEn facility relating to Corteva's estimated voluntary contribution to the solid waste and wastewater remedial action plans. See Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements, for additional information.
EIDP  
Segment Reporting Information [Line Items]  
Segment Reporting Disclosure [Text Block] SEGMENT INFORMATION
There are no differences in reporting structure or segments between Corteva, Inc. and EIDP. In addition, there are no differences between Corteva, Inc. and EIDP segment net sales, segment operating EBITDA, or significant items by segment; refer to Note 17 - Segment Information, of the Corteva, Inc. interim Consolidated Financial Statements for background information on the segments as well as further details regarding segment metrics. The tables below reconcile income (loss) from continuing operations after income taxes to segment operating EBITDA, as differences exist between Corteva, Inc. and EIDP.

Reconciliation to interim Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDAThree Months Ended March 31,
(In millions)20262025
Income (loss) from continuing operations after income taxes$725 $667 
Provision for (benefit from) income taxes on continuing operations133 117 
Income (loss) from continuing operations before income taxes$858 $784 
Depreciation and amortization297 296 
Interest income(34)(32)
Interest expense36 36 
Exchange (gains) losses - net67 27 
Non-operating (benefits) costs - net(18)10 
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges3 9 
Significant items (benefit) charge177 59 
Separation costs52 — 
Corporate expenses30 30 
Segment operating EBITDA$1,468 $1,219