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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net Sales $ 15,655 $ 14,217 $ 13,846
Cost of Goods Sold 9,220 8,507 8,575
Research and Development Expense 1,187 1,142 1,147
Selling, General and Administrative Expense 3,209 3,043 3,065
Amortization of Intangibles 722 682 475
Restructuring and asset related charges- net 289 335 222
Integration and Separation Costs 0 0 744
Other income (expense) - net 1,348 212 215
Loss on early Extinguishment of Debt 0 0 13 [1]
Interest Expense 30 45 136
Income (loss) from continuing operations before income taxes 2,346 675 (316)
Provision for (benefit from) income taxes on continuing operations 524 (81) (46)
Income (loss) from continuing operations after income taxes 1,822 756 (270)
(Loss) income from discontinued operations after income taxes (53) (55) (671)
Net income (loss) 1,769 701 (941) [1]
Net income (loss) attributable to noncontrolling interests 10 20 18
Net income (loss) attributable to Corteva $ 1,759 $ 681 $ (959)
Basic earnings (loss) per share of common stock from continuing operations $ 2.46 $ 0.98 $ (0.38)
Basic earnings (loss) per share of common stock from discontinued operations (0.07) (0.07) (0.90)
Basic earnings (loss) per share of common stock 2.39 0.91 (1.28)
Diluted earnings (loss) per share of common stock from continuing operations 2.44 0.98 (0.38)
Diluted earnings (loss) per share of common stock from discontinued operations (0.07) (0.07) (0.90)
Diluted earnings (loss) per share of common stock $ 2.37 $ 0.91 $ (1.28)
EID [Member]      
Net Sales $ 15,655 $ 14,217 $ 13,846
Cost of Goods Sold 9,220 8,507 8,575
Research and Development Expense 1,187 1,142 1,147
Selling, General and Administrative Expense 3,209 3,043 3,065
Amortization of Intangibles 722 682 475
Restructuring and asset related charges- net 289 335 222
Integration and Separation Costs 0 0 744
Other income (expense) - net 1,348 212 215
Loss on early Extinguishment of Debt 0 0 13 [2]
Interest Expense 80 145 242
Income (loss) from continuing operations before income taxes 2,296 575 (422)
Provision for (benefit from) income taxes on continuing operations 512 (105) (71)
Income (loss) from continuing operations after income taxes 1,784 680 (351)
(Loss) income from discontinued operations after income taxes (53) (55) (671)
Net income (loss) 1,731 625 (1,022) [2]
Net income (loss) attributable to noncontrolling interests 0 10 8
Net income (loss) attributable to Corteva $ 1,731 $ 615 $ (1,030)
[1] The cash flows for the year ended December 31, 2019 includes cash flows of EID's ECP and Specialty Products Entities.
[2] The cash flows for the year ended December 31, 2019 includes cash flows of EID's ECP and Specialty Products Entities