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Supplementary Information
 6 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Financial Information Disclosure [Text Block]
SUPPLEMENTARY INFORMATION

Sundry Income (Expense) - Net
Successor
Predecessor
Successor
Predecessor
(In millions)
Three Months Ended
June 30, 2018
Three Months Ended
June 30, 2017
Six Months Ended
June 30, 2018
Six Months Ended
June 30, 2017
Royalty income1


$
28



$
73

Interest income
$
30

32

58

57

Equity in earnings of affiliates - net
19

24

33

42

Net gain on sales of businesses and other assets2
11

11

13

203

Net exchange gains (losses)
23

(140
)
(109
)
(199
)
Non-operating pension and other post employment benefit credit (cost)3
95

(104
)
187

(208
)
Miscellaneous income and expenses - net4
16

17

59

102

Sundry income (expense) - net
$
194

$
(132
)
$
241

$
70

 
1. 
In the Successor periods, royalty income of $44 million and $85 million is included in net sales for the three and six months ended June 30, 2018, respectively.
2.  
Includes a pre-tax gain of $162 million ($86 million net of tax) for the six months ended June 30, 2017 related to the sale of global food safety diagnostics. See Note 4 for additional information.
3. 
Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized (gain) loss, amortization of prior service benefit, and curtailment/settlement gain).  See Note 2 for discussion of the retrospective adoption of ASU No. 2017-07.
4. 
Miscellaneous income and expenses - net, includes interest items (Predecessor periods only), gains related to litigation settlements, and other items.


The following table summarizes the impacts of the company's foreign currency hedging program on the company's results of operations. The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The hedging program gains (losses) are largely taxable (tax deductible) in the "United States" ("U.S."), whereas the offsetting exchange gains (losses) on the remeasurement of the net monetary asset positions are often not taxable (tax deductible) in their local jurisdictions. The net pre-tax exchange gains (losses) are recorded in sundry income (expense) - net and the related tax impact is recorded in provision for income taxes on continuing operations in the interim Consolidated Income Statements.
 
Successor
Predecessor
Successor
Predecessor
(In millions)
Three Months Ended
June 30, 2018
Three Months Ended
June 30, 2017
Six Months Ended
June 30, 2018
Six Months Ended
June 30, 2017
Subsidiary Monetary Position (Losses) Gains
 
 
 
 
Pre-tax exchange losses
$
(154
)
$
(54
)
$
(105
)
$
(28
)
Local tax (expenses) benefits
(8
)
94

24

130

Net after-tax impact from subsidiary exchange (losses) gains
$
(162
)
$
40

$
(81
)
$
102

 
 
 
 
 
Hedging Program Gains (Losses)
 
 
 
 
Pre-tax exchange gains (losses)1
$
177

$
(86
)
$
(4
)
$
(171
)
Tax (expenses) benefits
(41
)
31

1

61

Net after-tax impact from hedging program exchange gains (losses)
$
136

$
(55
)
$
(3
)
$
(110
)
 
 
 
 
 
Total Exchange Gains (Losses)
 
 
 
 
Pre-tax exchange gains (losses)
$
23

$
(140
)
$
(109
)
$
(199
)
Tax (expenses) benefits
(49
)
125

25

191

Net after-tax exchange losses
$
(26
)
$
(15
)
$
(84
)
$
(8
)
 
1. 
Includes a $(50) million foreign exchange loss for the six months ended June 30, 2018 related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform.

Cash, cash equivalents and restricted cash
The following table provides a reconciliation of cash and cash equivalents and restricted cash (included in other current assets) presented in the Condensed Consolidated Balance Sheets to the total cash, cash equivalents and restricted cash presented in the interim Condensed Consolidated Statements of Cash Flows.

 
Successor
(In millions)
June 30, 2018
December 31, 2017
Cash and cash equivalents
$
4,421

$
7,250

Restricted cash
516

558

Total cash, cash equivalents and restricted cash
$
4,937

$
7,808



DuPont entered into a trust agreement in 2013 (as amended and restated in 2017), establishing and requiring DuPont to fund a trust (the "Trust") for cash obligations under certain non-qualified benefit and deferred compensation plans upon a change in control event as defined in the Trust agreement. Under the Trust agreement, the consummation of the Merger was a change in control event. Restricted cash at June 30, 2018 and December 31, 2017 is related to the Trust.

Accounts and Notes Receivable - Net
Accounts and notes receivable - net was $7,734 million at June 30, 2018 and $5,239 million at December 31, 2017. Notes receivable, which is a component of accounts and notes receivable - net, was $1,615 million at June 30, 2018 and $199 million at December 31, 2017. The increase was primarily due to normal seasonality in the sales and cash collections cycle in the agriculture product line.