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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net Sales $ 1,863 $ 1,911 $ 11,010 $ 10,863
Cost of Goods Sold 1,297 1,349 6,395 6,607
Research and Development Expense 284 289 837 857
Selling, General and Administrative Expenses 597 646 2,319 2,318
Amortization of Intangibles 162 100 501 314
Restructuring and Asset related charges, net 49 46 298 167
Integration and Separation Costs 0 152 0 694
Other income - net 30 59 120 90
Loss on Early Extinguishment of Debt 0 0 0 13 [1]
Interest Expense 11 19 35 112
(Loss) income from continuing operations before income taxes (507) (631) 745 (129)
(Benefit from) provision for income taxes on continuing operations (117) (104) 88 99
(Loss) income from continuing operations after income taxes (390) (527) 657 (228)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 22 1 (695)
Net (loss) income (390) (505) 658 (923) [1]
Net income (loss) attributable to noncontrolling interests 2 (11) 18 15
Net (loss) income attributable to Corteva $ (392) $ (494) $ 640 $ (938)
Basic (loss) earnings per share of common stock from continuing operations $ (0.52) $ (0.69) $ 0.85 $ (0.32)
Basic earnings (loss) per share of common stock from discontinued operations 0 0.03 0 (0.93)
Basic (loss) earnings per share of common stock (0.52) (0.66) 0.85 (1.25)
Diluted (loss) earnings per share of common stock from continuing operations (0.52) (0.69) 0.85 (0.32)
Diluted earnings (loss) per share of common stock from discontinued operations 0 0.03 0 (0.93)
Diluted (loss) earnings per share of common stock $ (0.52) $ (0.66) $ 0.85 $ (1.25)
EID [Member]        
Net Sales $ 1,863 $ 1,911 $ 11,010 $ 10,863
Cost of Goods Sold 1,297 1,349 6,395 6,607
Research and Development Expense 284 289 837 857
Selling, General and Administrative Expenses 597 646 2,319 2,318
Amortization of Intangibles 162 100 501 314
Restructuring and Asset related charges, net 49 46 298 167
Integration and Separation Costs 0 152 0 694
Other income - net 30 59 120 90
Loss on Early Extinguishment of Debt 0 0 0 13 [2]
Interest Expense 30 58 117 181
(Loss) income from continuing operations before income taxes (526) (670) 663 (198)
(Benefit from) provision for income taxes on continuing operations (122) (113) 68 83
(Loss) income from Continuing Operations After Taxes (404) (557) 595 (281)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 22 1 (695)
Net (loss) income (404) (535) 596 (976) [2]
Net income (loss) attributable to noncontrolling interests 0 (11) 11 8
Net (loss) income attributable to Corteva $ (404) $ (524) $ 585 $ (984)
[1] The cash flows for the nine months ended September 30, 2019 includes cash flows of EID's ECP and Specialty Products Entities.
[2] The cash flows for the nine months ended September 30, 2019 includes cash flows of EID's ECP and Specialty Products Entities.