Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

(In millions)	Seed		Crop Protection		Total
As of and for the Year Ended December 31, 2020
Net sales	$	7,756	$	6,461	$	14,217
Segment operating EBITDA	$	1,208	$	1,004	$	2,212
Depreciation and amortization	$	798	$	379	$	1,177
Segment assets	$	23,751	$	13,099	$	36,850
Investments in nonconsolidated affiliates	$	22	$	44	$	66
Purchases of property, plant and equipment	$	225	$	250	$	475
As of and for the Year Ended December 31, 2019
Net sales	$	7,590	$	6,256	$	13,846
Pro forma segment operating EBITDA	$	1,040	$	1,066	$	2,106
Depreciation and amortization	$	628	$	372	$	1,000
Segment assets1	$	25,387	$	13,492	$	38,879
Investments in nonconsolidated affiliates	$	27	$	39	$	66
Purchases of property, plant and equipment	$	373	$	293	$	666
As of and for the Year Ended December 31, 2018
Net sales	$	7,842	$	6,445	$	14,287
Pro forma segment operating EBITDA	$	1,139	$	1,074	$	2,213
Depreciation and amortization	$	534	$	375	$	909
Segment assets	$	29,286	$	9,346	$	38,632
Investments in nonconsolidated affiliates	$	102	$	36	$	138
Purchase of property, plant and equipment	$	263	$	250	$	513

1.On June 1, 2019, as a result of changes in reportable segments, $3,382 million of goodwill was reallocated from the seed reportable segment to the crop protection reportable segment. This change was not reflected in segment assets prior to June 1, 2019.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

Income (loss) from continuing operations after income taxes to segment operating EBITDA	For the Year Ended December 31,
(In millions)	2020		2019		2018
Income (loss) from continuing operations after income taxes	$	756	$	(270)	$	(6,775)
Benefit from income taxes on continuing operations	(81)		(46)		(31)
Income (loss) from continuing operations before income taxes	675		(316)		(6,806)
Depreciation and amortization	1,177		1,000		909
Interest income	(56)		(59)		(86)
Interest expense	45		136		337
Exchange losses - net 1	174		66		77
Non-operating benefits - net	(316)		(129)		(211)
Goodwill impairment charge	—		—		4,503
Significant items	388		991		1,346
Pro forma adjustments			298		2,003
Corporate expenses	125		119		141
Segment operating EBITDA2	$	2,212	$	2,106	$	2,213

1.Excludes a $(33) million foreign exchange loss for the year ended December 31, 2019 associated with the devaluation of the Argentine peso and a $(50) million foreign exchange loss for the year ended December 31, 2018 related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform, as they are included within significant items. See Note 9 - Supplementary Information, to the Consolidated Financial Statements, for additional information.

2.The years ended December 31, 2019 and December 31, 2018 are presented on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X that was in effect prior to recent amendments.

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

Segment assets to total assets (in millions)	December 31, 2020		December 31, 2019		December 31, 2018
Total segment assets	$	36,850	$	38,879	$	38,632
Corporate assets	5,799		3,518		4,417
Assets related to discontinued operations1	—		—		65,634
Total assets	$	42,649	$	42,397	$	108,683

1.See Note 5 - Divestitures and Other Transactions, to the Consolidated Financial Statements, for additional information on discontinued operations.

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]

Other Items (in millions)	Segment Totals		Adjustments 1		Consolidated Totals
As of and For the Year Ended December 31, 2019
Depreciation and amortization	$	1,000	$	599	$	1,599
Purchase of property, plant and equipment	$	666	$	497	$	1,163
As of and For the Year Ended December 31, 2018
Depreciation and amortization	$	909	$	1,881	$	2,790
Purchase of property, plant and equipment	$	513	$	988	$	1,501

1.See Note 5 - Divestitures and Other Transactions, to the Consolidated Financial Statements, for additional information

Schedule of Additional Segment Details [Table Text Block]

(In millions)	Seed		Crop Protection		Corporate		Total
For the Year Ended December 31, 2020
Restructuring and Asset Related Charges - Net 1	$	(165)	$	(109)	$	(61)	$	(335)
Loss on Divestiture 2	—		(53)		—		(53)
Total	$	(165)	$	(162)	$	(61)	$	(388)

(In millions)	Seed		Crop Protection		Corporate		Total
For the Year Ended December 31, 20193
Restructuring and Asset Related Charges - Net 1	$	(213)	$	(23)	$	14	$	(222)
Integration and Separation Costs 4	—		—		(632)		(632)
Loss on Divestiture 5	(24)		—		—		(24)
Amortization of Inventory Step Up 6	(67)		—		—		(67)
Loss on Early Extinguishment of Debt 7	—		—		(13)		(13)
Argentina Currency Devaluation 8	—		—		(33)		(33)
Total	$	(304)	$	(23)	$	(664)	$	(991)

(In millions)	Seed		Crop Protection		Corporate		Total
For the Year Ended December 31, 20183
Restructuring and Asset Related Charges - Net 1	$	(368)	$	(58)	$	(268)	$	(694)
Integration Costs 4	—		—		(571)		(571)
Gain on Sale 9	24		—		—		24
Loss on Deconsolidation of Subsidiary 10	(53)		—		—		(53)
Loss on Divestiture 11	(2)		—		—		(2)
Income Tax Items 12	—		—		(50)		(50)
Total	$	(399)	$	(58)	$	(889)	$	(1,346)

1.Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization. See Note 7 - Restructuring and Asset Related Charges - Net, to the Consolidated Financial Statements, for additional information.

2.Includes a loss recorded in other income - net related to the expected sale of the La Porte site.

3.The years ended December 31, 2019 and December 31, 2018 are presented on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X that was in effect prior to recent amendments.

4.Integration and separation costs include costs incurred to prepare for and close the Merger, post-Merger integration expenses, and costs incurred to prepare for the Internal Reorganizations. Beginning in the second quarter of 2019, this includes both integration and separation costs.

5.Includes a loss recorded in other income - net related to DAS's sale of a joint venture related to synergy actions.

6.Includes a charge related to the amortization of the inventory that was stepped up to fair value in connection with the Merger.

7.Includes a loss on early extinguishment of debt related to the difference between the redemption price and the par value of the Make Whole Notes and Term Loan Facility, partially offset by the write-off of unamortized step-up related to the fair value step-up of EID's debt.

8.Includes a charge included in other income (expense) - net associated with remeasuring the company’s Argentine Peso net monetary assets, resulting from an unexpected August primary election result in Argentina.  Throughout the three months ended September 30, 2019, the Argentine Peso dropped approximately a third of its value against the US dollar and in September of 2019, the country’s central bank announced new restrictions on foreign currency transactions.

9.Includes a gain recorded in other income (expense) - net related to an asset sale.

10.Includes a loss recorded in other income (expense) - net related to the deconsolidation of a subsidiary.

11.Includes a loss recorded in other income (expense) - net related to an asset sale.

12.Includes a foreign exchange loss recorded in other income (expense) - net related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform.