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Segment Information
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segment Information
Segment Information 
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.
Three Months
Ended June 30,
Agriculture1
Electronics &
Communications
Industrial Biosciences
Nutrition & Health
Performance
Materials
Protection Solutions
Other
Total
2017
 

 

 
 
 

 

 

 

Net sales
$
3,446

$
546

$
395

$
818

$
1,381

$
801

$
37

$
7,424

Operating earnings
963

116

76

135

329

191

(53
)
1,757

 
 
 
 
 
 
 
 
 
2016
 

 

 
 
 

 

 

 

Net sales
$
3,218

$
494

$
355

$
835

$
1,335

$
786

$
38

$
7,061

Operating earnings
865

93

62

130

325

188

(50
)
1,613



Six Months
Ended June 30,
Agriculture1
Electronics &
Communications
Industrial Biosciences
Nutrition & Health
Performance
Materials
Protection Solutions
Other
Total
2017
 

 

 
 
 

 

 

 

Net sales
$
7,374

$
1,056

$
763

$
1,607

$
2,749

$
1,548

$
70

$
15,167

Operating earnings
2,199

205

151

256

684

368

(115
)
3,748

 
 
 
 
 
 
 
 
 
2016
 

 

 
 
 

 

 

 

Net sales
$
7,004

$
946

$
707

$
1,636

$
2,584

$
1,515

$
74

$
14,466

Operating earnings
1,966

152

125

234

598

364

(109
)
3,330

1. 
As of June 30, 2017, Agriculture net assets were $10,181, an increase of $3,839 from $6,342 at December 31, 2016. The increase was primarily due to higher trade receivables related to normal seasonality in the sales and cash collections cycle.

Reconciliation to interim Consolidated Income Statements 
 
Three Months Ended
June 30,
Six Months Ended
June 30,
 
2017
2016
2017
2016
Total segment operating earnings
$
1,757

$
1,613

$
3,748

$
3,330

Significant pre-tax (charges) benefits not included in segment operating earnings
(160
)
74

(146
)
6

Non-operating pension and other post employment benefit costs
(104
)
(133
)
(208
)
(207
)
Exchange losses
(140
)
(15
)
(199
)
(136
)
Corporate (expenses) income1,2,3,4,5
(267
)
(113
)
(463
)
160

Interest expense
(99
)
(93
)
(183
)
(185
)
Income from continuing operations before income taxes
$
987

$
1,333

$
2,549

$
2,968


1. 
Includes transaction costs associated with the planned merger with Dow and related activities of $(216) and $(386) in the three and six months ended June 30, 2017, respectively, and $(76) and $(100) in the three and six months ended June 30, 2016, respectively, which were recorded in selling, general and administrative expenses in the company's interim Consolidated Income Statements. See Note 2 for additional information.
2. 
Includes a $(4) charge recorded in employee separation / asset related charges, net in the company's interim Consolidated Income Statement for the six months ended June 30, 2017, respectively, associated with the 2017 restructuring program. See Note 4 for additional information.
3. 
Includes a $47 benefit on accrued interest reversals recorded in other (loss) income, net, in the company's interim Consolidated Income Statement for the six months ended June 30, 2017, respectively, related to a reduction in the company’s unrecognized tax benefits due to the closure of various tax statutes of limitations. See Note 6 for additional information.
4. 
Includes a gain of $369 associated with the sale of DuPont (Shenzhen) Manufacturing Limited entity, which held certain buildings and other assets. The gain was recorded in other (loss) income, net, in the company's interim Consolidated Income Statement for the six months ended June 30, 2016. See Note 3 for additional information.
5. 
Includes a $46 and $60 net benefit recorded in employee separation / asset related charges, net in the company's interim Consolidated Income Statements for the three and six months ended June 30, 2016, respectively, associated with the 2016 global cost savings and restructuring plan. See Note 4 for additional information.
Significant Pre-tax (Charges) Benefits Not Included in Segment Operating Earnings
The three and six months ended June 30, 2017 and 2016, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating earnings:
 
Three Months Ended
June 30,
Six Months Ended
June 30,
 
2017
2016
2017
2016
Agriculture1,4,5
$
—

$
35

$
—

$
(38
)
Electronics & Communications2,4
(1
)
8

(6
)
15

Industrial Biosciences2,4
—

3

(6
)
4

Nutrition & Health2,3,4
—

12

160

13

Performance Materials2,4
(2
)
9

(13
)
5

Protection Solutions2,4
(157
)
7

(281
)
10

Other4
—

—

—

(3
)
 
$
(160
)
$
74

$
(146
)
$
6

1. 
Includes $30 of net insurance recoveries recorded in other operating charges in the company's interim Consolidated Income Statements for the three and six months ended June 30, 2016 for recovery of costs for customer claims related to the use of Imprelis® herbicide. Includes $23 for reduction in accrual recorded in other operating charges in the company's interim Consolidated Income Statement for the six months ended June 30, 2016 for customer claims related to the use of the Imprelis® herbicide.
2. 
Includes a $(160) and $(308) restructuring charge in employee separation / asset related charges, net in the company's interim Consolidated Income Statements for the three and six months ended June 30, 2017, respectively, associated with the 2017 restructuring program. See Note 4 for additional information.
3. 
Includes a $162 gain recorded in other (loss) income, net, in the company's interim Consolidated Income Statement for the six months ended June 30, 2017, associated with the sale of the company's global food safety diagnostic business. See Note 3 for additional information.
4. 
Includes a $44 and $28 net restructuring benefit in employee separation / asset related charges, net in the company's interim Consolidated Income Statements for the three and six months ended June 30, 2016, respectively, associated with the 2016 global cost savings and restructuring program. See Note 4 for additional information.
5.  
Includes a $(75) restructuring charge recorded in employee separation / asset related charges, net in the company's interim Consolidated Income Statement for the six months ended June 30, 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.