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Supplementary Information (Tables)
9 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Nonoperating Income (Expense)

Other Income - Net
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In millions)
2019
2018
2019
2018
Interest income
$
13

$
12

$
46

$
63

Equity in losses of affiliates - net
(3
)
(3
)
(8
)
(2
)
Net gain (loss) on sales of businesses and other assets
2

1

(9
)
35

Net exchange losses1,2
(11
)
(74
)
(70
)
(190
)
Non-operating pension and other post employment benefit credit3
47

67

144

204

Miscellaneous income (expenses) - net4
11

4

(13
)
8

Other income - net
$
59

$
7

$
90

$
118

 
1. 
Includes net pre-tax exchange losses of $(33) million and $(42) million for the three and nine months ended September 30, 2019, respectively and $(40) million and $(73) million for the three and nine months ended September 30, 2018, respectively, associated with the devaluation of the Argentine peso.
2. 
Includes a $(50) million foreign exchange loss for the nine months ended September 30, 2018 related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform, which is included within significant items.
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 loss).
4. 
Miscellaneous income (expenses) - net, includes losses from sale of receivables, tax indemnification adjustments related to changes in indemnification balances as a result of the application of the terms of the Tax Matters Agreement, between Corteva and Dow and/or DuPont, and other items. Refer to Note 12 - Accounts and Notes Receivable - Net, for additional information on losses on the sale of receivables.

Foreign Currency Exchange Gain (Loss)
(In millions)
Three Months Ended
September 30,
Nine Months Ended
September 30,
 
2019
2018
2019
2018
Subsidiary Monetary Position Losses
 
 
 
 
Pre-tax exchange losses1
$
(66
)
$
(105
)
$
(59
)
$
(217
)
Local tax benefits (expenses)
1

7

(2
)
32

Net after-tax impact from subsidiary exchange losses
$
(65
)
$
(98
)
$
(61
)
$
(185
)
 
 
 
 
 
Hedging Program Gains (Losses)
 
 
 
 
Pre-tax exchange gains (losses)2
$
55

$
31

$
(11
)
$
27

Tax (expenses) benefits
(13
)
(7
)
2

(6
)
Net after-tax impact from hedging program exchange gains (losses)
$
42

$
24

$
(9
)
$
21

 
 
 
 
 
Total Exchange Losses
 
 
 
 
Pre-tax exchange losses1,2
$
(11
)
$
(74
)
$
(70
)
$
(190
)
Tax (expenses) benefits
(12
)


26

Net after-tax exchange losses
$
(23
)
$
(74
)
$
(70
)
$
(164
)

1. 
Includes net pre-tax exchange losses of $(33) million and $(42) million for the three and nine months ended September 30, 2019, respectively and $(40) million and $(73) million for the three and nine months ended September 30, 2018, respectively, associated with the devaluation of the Argentine peso.
2.  
Includes a $(50) million foreign exchange loss for the nine months ended September 30, 2018 related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform.
Restrictions on Cash and Cash Equivalents
(In millions)
September 30, 2019
December 31, 2018
September 30, 2018
Cash and cash equivalents
$
1,980

$
2,270

$
1,657

Restricted cash
420

460

462

Total cash, cash equivalents and restricted cash
2,400

2,730

2,119

Cash and cash equivalents of discontinued operations1

2,254

1,965

Restricted cash of discontinued operations2

40

44

Total cash, cash equivalents and restricted cash
$
2,400

$
5,024

$
4,128


1.
Refer to Note 5 - Divestitures and Other Transactions, for additional information.
2.
Amount included in other current assets within assets of discontinued operations - current. Refer to Note 5 - Divestitures and Other Transactions, for additional information.