XML 40 R29.htm IDEA: XBRL DOCUMENT

EID - Related Party Transactions (Notes)	9 Months Ended
EID - Related Party Transactions (Notes)	Sep. 30, 2020
Related Party Transaction [Line Items]
Related Party Transactions Disclosure [Text Block]	RELATED PARTIES Services Provided by and to Historical Dow and its affiliates Following the Merger and prior to the Dow Distribution, Corteva reported transactions with Historical Dow and its affiliates as related party transactions. Purchases from Historical Dow and its affiliates were $42 million for the nine months ended September 30, 2019. Transactions with DowDuPont Following the Merger and prior to the Corteva Distribution, Corteva reported transactions with DowDuPont as related party transactions. In February 2019, the DowDuPont Board declared first quarter dividends per share of DowDuPont common stock payable on March 15, 2019. EID declared and paid distributions to DowDuPont of $317 million for the nine months ended September 30, 2019, primarily to fund a portion of DowDuPont's dividend payment.
EID [Member]
Related Party Transaction [Line Items]
Related Party Transactions Disclosure [Text Block]	RELATED PARTY TRANSACTIONS Refer to page 19 of the Corteva, Inc. interim Consolidated Financial Statements for discussion of related party transactions with Historical Dow and DowDuPont. Transactions with Corteva In the second quarter of 2019, EID entered into a related party revolving loan from Corteva, Inc., with a maturity date in 2024. As of September 30, 2020, December 31, 2019, and September 30, 2019, the outstanding related party loan balance was $3,712 million, $4,021 million, and $4,037 million respectively (which approximates fair value), with interest rates of 1.80%, 3.27%, and 3.68%, respectively, and is reflected as long-term debt - related party in EID's interim Condensed Consolidated Balance Sheets. Additionally, EID has incurred tax deductible interest expense of $19 million and $82 million for the three and nine months ended September 30, 2020, respectively, and $39 million and $69 million for the three and nine months ended September 30, 2019 associated with the related party loan from Corteva, Inc. As of September 30, 2020, EID had payables to Corteva, Inc., the parent company, of $110 million and $84 million ($119 million and $154 million at December 31, 2019 and $102 million and $180 million at September 30, 2019, respectively) included in accrued and other current liabilities and other noncurrent obligations, respectively, in the interim Condensed Consolidated Balance Sheets related to Corteva's indemnification liabilities to Dow and DuPont per the Separation Agreements (refer to page 12 of the Corteva, Inc. interim Consolidated Financial Statements for further details of the Separation Agreements).