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Segment Information
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
The company consists of 7 businesses which are aggregated into 6 reportable segments based on similar economic characteristics, the nature of the products and production processes, end-use markets, channels of distribution and regulatory environment. The company's reportable segments are Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Protection Solutions. The company includes certain businesses not included in the reportable segments, such as pre-commercial programs, nonaligned businesses and pharmaceuticals in Other. Pre-commercial programs include approximately $420 for the investment in a cellulosic biofuel facility in Nevada, Iowa which includes all material, engineering, and technical design costs involved in construction of the facility.  The facility is expected to commence initial production activities in mid-2017.

Major products by segment include: Agriculture (corn hybrids and soybean varieties, herbicides, fungicides and insecticides); Electronics & Communications (printing and packaging materials, photopolymers and electronic materials); Industrial Biosciences (enzymes, bio-based materials and process technologies); Nutrition & Health (probiotics, cultures, emulsifiers, texturants, natural sweeteners and soy-based food ingredients); Performance Materials (engineering polymers, packaging and industrial polymers, films and elastomers); and Protection Solutions (nonwovens, aramids and solid surfaces). The company operates globally in substantially all of its product lines.

In general, the accounting policies of the segments are the same as those described in Note 1. Exceptions are noted as follows and are shown in the reconciliations below. Segment net assets includes net working capital, net property, plant and equipment, and other noncurrent operating assets and liabilities of the segment. Depreciation and amortization includes depreciation on research and development facilities and amortization of other intangible assets, excluding write-down of assets.

Segment operating earnings is defined as income (loss) from continuing operations before income taxes excluding significant pre-tax benefits (charges), non-operating pension and other post employment benefit (OPEB) costs, exchange gains (losses), corporate expenses and interest. Non-operating pension and OPEB costs includes all of the components of net periodic benefit cost from continuing operations with the exception of the service cost component. DuPont Sustainable Solutions, previously within the company's former Safety & Protection segment (now Protection Solutions) was comprised of two business units: clean technologies and consulting solutions. Effective January 1, 2016, the clean technologies business unit is reported within the Industrial Biosciences segment, and the consulting solutions business unit is reported within Other. Reclassifications of prior year data have been made to conform to current year classifications.


 
Agriculture
Electronics &
Communications
Industrial Biosciences
Nutrition & Health
Performance
Materials
Protection Solutions
Other
Total
2016
 
 
 
 
 
 
 
 
Net sales
$
9,516

$
1,960

$
1,500

$
3,268

$
5,249

$
2,954

$
147

$
24,594

Operating earnings
1,758

358

270

504

1,297

668

(215
)
4,640

Depreciation and
    amortization
417

87

100

223

130

146

10

1,113

Equity in earnings (losses) of
    affiliates, net
7

31

12

—

27

33

(11
)
99

Segment net assets
6,342

1,186

2,855

5,182

2,711

2,220

321

20,817

Affiliate net assets
222

146

39

4

146

81

11

649

Purchases of property,
    plant and equipment
345

51

64

111

160

120

28

879

2015
 

 





 

 

 

 
Net sales
$
9,798

$
2,070

$
1,478

$
3,256

$
5,305

$
3,039

$
184

$
25,130

Operating earnings
1,646

359

243

373

1,216

641

(235
)
4,243

Depreciation and
    amortization
453

100

101

236

125

156

6

1,177

Equity in earnings (losses) of
    affiliates, net
31

24

7

—

(8
)
23

(30
)
47

Segment net assets
6,751

1,323

3,154

5,457

2,918

2,295

258

22,156

Affiliate net assets
234

139

41

9

171

71

23

688

Purchases of property,
    plant and equipment
334

45

84

120

159

96

132

970

2014
 
 


 
 
 
 
Net sales
$
11,296

$
2,381

$
1,624

$
3,529

$
6,059

$
3,304

$
213

$
28,406

Operating earnings
2,352

336

269

369

1,267

672

(233
)
5,032

Depreciation and
    amortization
436

97

102

264

139

168

8

1,214

Equity in earnings (losses) of
    affiliates, net
31

20

8

—

(77
)
28

(47
)
(37
)
Segment net assets
6,696

1,359

3,241

5,942

3,125

2,339

316

23,018

Affiliate net assets
240

137

45

7

238

78

16

761

Purchases of property,
    plant and equipment
407

52

94

112

134

98

203

1,100




Reconciliation to Consolidated Financial Statements
Segment operating earnings to income from continuing operations before income taxes
2016
2015
2014
Total segment operating earnings
$
4,640

$
4,243

$
5,032

Significant pre-tax (charges) benefits not included in segment operating earnings
(168
)
(38
)
434

Non-operating pension and OPEB costs
(40
)
(374
)
(128
)
Net exchange (losses) gains
(106
)
30

196

Corporate expenses
(691
)
(928
)
(844
)
Interest expense
(370
)
(342
)
(377
)
Income from continuing operations before income taxes
$
3,265

$
2,591

$
4,313


 
Segment net assets to total assets at December 31,
2016
2015
2014
Total segment net assets
$
20,817

$
22,156

$
23,018

Corporate assets1
11,306

11,163

12,889

Liabilities included in segment net assets
7,841

7,847

8,356

Assets related to discontinued operations2
—

—

6,227

Total assets
$
39,964

$
41,166

$
50,490


1. 
Pension assets are included in corporate assets.
2. 
See Note 1 for additional information on the presentation of Performance Chemicals which met the criteria for discontinued operations.

Other items
Segment
Totals
Adjustments1
Consolidated
Totals
2016
 

 

 

Depreciation and amortization
$
1,113

$
145

$
1,258

Equity in earnings of affiliates, net
99

—

99

Affiliate net assets
649

—

649

Purchases of property, plant and equipment
879

140

1,019

2015
 

 

 

Depreciation and amortization
$
1,177

$
289

$
1,466

Equity in earnings of affiliates, net
47

2

49

Affiliate net assets
688

—

688

Purchases of property, plant and equipment
970

659

1,629

2014
 

 

 

Depreciation and amortization
$
1,214

$
403

$
1,617

Equity in (losses) earnings of affiliates, net
(37
)
1

(36
)
Affiliate net assets
761

1

762

Purchases of property, plant and equipment
1,100

920

2,020



1. 
Adjustments include amounts related to Corporate in all periods presented, and to the Performance Chemicals business in 2015 and 2014, as it met the criteria for discontinued operations during 2015. See Note 1 for additional information on the presentation of discontinued operations and See Note 3 for depreciation, amortization and purchases of property, plant and equipment related to Performance Chemicals for the years ended December 31, 2015 and 2014.

Additional Segment Details
2016 included the following significant pre-tax benefits (charges) which are excluded from segment operating earnings:
Agriculture1,2,3,4
$
(37
)
Electronics & Communications2,4
4

Industrial Biosciences2,4,5
(152
)
Nutrition & Health2,4
9

Performance Materials2,4
5

Protection Solutions2,4
14

Other2
(11
)
    
$
(168
)


1. 
Included $30 of net insurance recoveries recorded in other operating charges for recovery of costs for customer claims related to the use of the Imprelis® herbicide. Included a benefit of $23 in other operating charges for reduction in the accrual for customer claims related to the use of the Imprelis® herbicide.
2. 
The company recorded a $(3) net restructuring charge in employee separation / asset related charges, net for the year ended December 31, 2016, associated with the 2016 global cost savings and restructuring program. See Note 4 for additional information.
3. 
Includes a $(68) restructuring charge recorded in employee separation / asset related charges, net for the year ended December 31, 2016, related to the decision not to re-start the insecticide manufacturing facility at the La Porte site located in La Porte, Texas. See Note 4 for additional information.
4. 
The company recorded a $8 restructuring benefit recorded in employee separation/asset related charges, net, for adjustments to the previously recognized severance costs related to the 2014 restructuring program. See Note 4 for additional information.
5. 
The company recorded a $(158) charge in employee separation / asset related charges, net, for the year ended December 31, 2016, related to the write-down of indefinite lived intangible assets. See Note 4 for additional information.

2015 included the following significant pre-tax benefits (charges) which are excluded from segment operating earnings:
Agriculture1,2,5
$
148

Electronics & Communications1,5
(78
)
Industrial Biosciences1,5
(61
)
Nutrition & Health1,5
(50
)
Performance Materials1,5
(62
)
Protection Solutions1,3,5
105

Other1,4,5
(40
)
    
$
(38
)


1. 
Included a $10 net restructuring benefit recorded in employee separation/asset related charges, net, associated with the 2014 restructuring program. These adjustments were primarily due to the identification of additional projects in certain segments, offset by lower than estimated individual severance costs and workforce reductions achieved through non-severance programs. See Note 4 for additional information.
2. 
Included $182 of net insurance recoveries recorded in other operating charges for recovery of costs for customer claims related to the use of the Imprelis® herbicide. Included a benefit of $130 in other operating charges for reduction in the accrual for customer claims related to the use of the Imprelis® herbicide.
3. 
Included a gain of $145, net of legal expenses, recorded in other income, net related to the company's settlement of a legal claim.
4. 
Included a $(37) pre-tax impairment charge recorded in employee separation / asset related charges, net for a cost basis investment. See Note 4 for additional information.
5. 
Included a $(468) restructuring charge consisting of $(463) recorded in employee separation/asset related charges, net and $(5) recorded in other income, net associated with the 2016 global cost savings and restructuring program. See Note 4 for additional information.

2014 included the following significant pre-tax benefits (charges) which are excluded from segment operating earnings:
Agriculture1,2,3
$
316

Electronics & Communications1
(84
)
Industrial Biosciences1
(20
)
Nutrition & Health1
(15
)
Performance Materials1,4
292

Protection Solutions1
(45
)
Other1
(10
)
    
$
434



1. 
Included a $(407) restructuring charge associated with the 2014 restructuring program consisting of $(342) recorded in employee separation / asset related charges, net and $(65) recorded in other income, net. See Note 4 for additional information.
2. 
Included income of $210 for insurance recoveries, recorded in other operating charges associated with the company's process to fairly resolve claims related to the use of Imprelis® herbicide.
3. 
Included a gain of $240 recorded in other income, net associated with the sale of the copper fungicide and land management businesses, both within the Agriculture segment.
4. 
Included a gain of $391 recorded in other income, net associated with the sale of Glass Laminating Solutions / Vinyls. See Note 3 for additional information.