Stockholders' Equity

9 Months Ended

Sep. 30, 2017

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’Equity

Treasury Stock

Immediately prior to the closing of the Merger Transaction, all 87 million shares of DuPont common stock that were held in treasury were automatically canceled and retired for no consideration. Common stock held in treasury was recorded at cost. When retired, the excess of the cost of treasury stock over its par value was allocated between reinvested earnings ($5,657 million) and additional paid-in capital ($1,044 million).

Other Comprehensive Income (Loss)

The changes and after-tax balances of components comprising accumulated other comprehensive loss are summarized below:

(In millions)	Cumulative Translation Adjustment1			Derivative Instruments			Pension Benefit Plans			Other Benefit Plans			Unrealized Gain (Loss) on Investments			Total
2017
Balance January 1, 2017 (Predecessor)	$	(2,843	)	$	7		$	(6,720	)	$	(357	)	$	2		$	(9,911	)
Other comprehensive income (loss) before reclassifications	1,042			3			(78		)	—			1			968
Amounts reclassified from accumulated other comprehensive income (loss)	—			(13		)	325			10			(1		)	321
Net other comprehensive income (loss)	1,042			(10		)	247			10			—			1,289
Balance August 31, 2017 (Predecessor)	$	(1,801	)	$	(3	)	$	(6,473	)	$	(347	)	$	2		$	(8,622	)
Balance September 1, 2017 (Successor)2	$	—		$	—		$	—		$	—		$	—		$	—
Other comprehensive loss before reclassifications	(572		)	—			—			—			—			(572		)
Net other comprehensive loss	(572		)	—			—			—			—			(572		)
Balance September 30, 2017 (Successor)	$	(572	)	$	—		$	—		$	—		$	—		$	(572	)

^1.  The cumulative translation adjustment gain for the period January 1 through August 31, 2017 is primarily driven by the weakening of the U.S dollar (USD) against the European Euro (EUR). The cumulative translation adjustment loss for the period September 1 through September 30, 2017 is primarily driven by the modest strengthening of the USD against the EUR.

^2.  In connection with the Merger, previously unrecognized prior service benefits and net losses related to DuPont's pension and OPEB plans were eliminated as a result of the reflecting the balance sheet at fair value as of the date of the Merger. See Note 3 and 15 for further information regarding the Merger and pension and OPEB plans, respectively.

(In millions)	Cumulative Translation Adjustment1			Derivative Instruments			Pension Benefit Plans2			Other Benefit Plans			Unrealized Gain (Loss) on Securities			Total
2016
Balance January 1, 2016	$	(2,333	)	$	(24	)	$	(7,043	)	$	22		$	(18	)	$	(9,396	)
Other comprehensive (loss) income before reclassifications	187			21			(1,740		)	(172		)	(8		)	(1,712		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			11			469			(58		)	19			441
Net other comprehensive (loss) income	187			32			(1,271		)	(230		)	11			(1,271		)
Balance September 30, 2016	$	(2,146	)	$	8		$	(8,314	)	$	(208	)	$	(7	)	$	(10,667	)

^1.  The cumulative translation adjustment gain for the nine months ended September 30, 2016 is primarily driven by the modest weakening of the U.S. dollar (USD) against the European Euro (EUR) and the Brazilian real (BRL).

^2.  The Pension Benefit Plans loss recognized in other comprehensive (loss) income during the nine months ended September 30, 2016 includes the impact of the remeasurement of the principal U.S. pension plan as of June 30, 2016. See Note 15 for additional information.

The tax (expense) benefit on the net activity related to each component of other comprehensive income (loss) were as follows:

	Successor		Predecessor
(In millions)	For the Period September 1 - September 30, 2017		For the Period July 1 - August 31, 2017			Three Months Ended September 30, 2016			For the Period Jan. 1 - August 31, 2017			Nine Months Ended September 30, 2016
Derivative instruments	$	—	$	—		$	1		$	6		$	(20	)
Pension benefit plans - net	—		(31		)	(40		)	(145		)	668
Other benefit plans - net	—		(1		)	6			(5		)	125
(Provision for) benefit from income taxes related to other comprehensive income (loss) items	$	—	$	(32	)	$	(33	)	$	(144	)	$	773

A summary of the reclassifications out of accumulated other comprehensive loss is provided as follows:

	Successor		Predecessor												Income Classification
(In millions)	For the Period September 1 - September 30, 2017		For the Period July 1 - August 31, 2017			Three Months Ended September 30, 2016			For the Period Jan. 1 - August 31, 2017			Nine Months Ended September 30, 2016
Derivative Instruments:	$	—	$	—		$	—		$	(21	)	$	18		(1)
Tax expense (benefit)	—		—			—			8			(7		)	(2)
After-tax	$	—	$	—		$	—		$	(13	)	$	11
Amortization of pension benefit plans:
Prior service benefit	—		(1		)	(2		)	(3		)	(5		)	(3)
Actuarial losses	—		127			229			506			605			(3)
Curtailment (loss) gain	—		—			(1		)	—			65			(3)
Settlement loss	—		—			22			—			60			(3)
Total before tax	$	—	$	126		$	248		$	503		$	725
Tax benefit	—		(45		)	(88		)	(178		)	(256		)	(2)
After-tax	$	—	$	81		$	160		$	325		$	469
Amortization of other benefit plans:
Prior service benefit	—		(11		)	(36		)	(46		)	(111		)	(3)
Actuarial losses	—		15			21			61			56			(3)
Curtailment gain	—		—			—			—			(33		)	(3)
Total before tax	$	—	$	4		$	(15	)	$	15		$	(88	)
Tax (benefit) expense	—		(1		)	6			(5		)	30			(2)
After-tax	$	—	$	3		$	(9	)	$	10		$	(58	)
Net realized gains (losses) on investments, before tax:	—		—			6			(1		)	19			(4)
Tax expense	—		—			—			—			—			(2)
After-tax	$	—	$	—		$	6		$	(1	)	$	19
Total reclassifications for the period, after-tax	$	—	$	84		$	157		$	321		$	441

^1.  Cost of goods sold.

^2.  Provision for income taxes from continuing operations.

^3.  These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost of the company's pension and other benefit plans. See Note 15 for additional information.

^4.  Sundry income (expense) - net.