10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549 

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2022

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 001-38710

Corteva, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware					82-4979096
(State or other Jurisdiction of Incorporation or Organization)				(I.R.S. Employer Identification No.)
9330 Zionsville Road,	Indianapolis,	Indiana	46268	(833)	267-8382
974 Centre Road,	Wilmington,	Delaware	19805
(Address of Principal Executive Offices) (Zip Code)				(Registrant’s Telephone Number, including area code)

Commission File Number 1-815

E. I. du Pont de Nemours and Company

(Exact Name of Registrant as Specified in Its Charter)

Delaware					51-0014090
(State or other Jurisdiction of Incorporation or Organization)				(I.R.S. Employer Identification No.)
9330 Zionsville Road,	Indianapolis,	Indiana	46268	(833)	267-8382
974 Centre Road,	Wilmington,	Delaware	19805
(Address of Principal Executive Offices) (Zip Code)				(Registrant’s Telephone Number, including area code)

Securities registered pursuant to Section 12(b) of the Act for Corteva, Inc.:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	CTVA	New York Stock Exchange

Securities registered pursuant to Section 12(b) of the Act for E. I. du Pont de Nemours and Company:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
$3.50 Series Preferred Stock	CTAPrA	New York Stock Exchange
$4.50 Series Preferred Stock	CTAPrB	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. 

Corteva, Inc.	Yes	x	No	o
E. I. du Pont de Nemours and Company	Yes	x	No	o

                             

 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). 

Corteva, Inc.	Yes	x	No	o
E. I. du Pont de Nemours and Company	Yes	x	No	o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Corteva, Inc.	Large Accelerated Filer	x	Accelerated Filer o	Non-Accelerated Filer	o	Smaller reporting company o	Emerging growth company o
E. I. du Pont de Nemours and Company	Large Accelerated Filer	o	Accelerated Filer o	Non-Accelerated Filer	x	Smaller reporting company o	Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Corteva, Inc.	o
E. I. du Pont de Nemours and Company	o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). 

Corteva, Inc.	Yes	o	No	x
E. I. du Pont de Nemours and Company	Yes	o	No	x

Corteva, Inc. had 714,492,000 shares of common stock, par value $0.01 per share, outstanding at October 28, 2022.

E. I. du Pont de Nemours and Company had 200 shares of common stock, par value $0.30 per share, outstanding at October 28, 2022, all of which are held by Corteva, Inc.    

E. I. du Pont de Nemours and Company meets the conditions set forth in General Instruction H(1)(a) and (b) of Form 10-Q (as modified by a grant of no-action relief dated February 12, 2018) and is therefore filing this form with reduced disclosure format.

CORTEVA, INC.

E. I. DU PONT DE NEMOURS AND COMPANY

Table of Contents

		Page
Explanatory Note
Part I	Financial Information
Item 1.	Consolidated Financial Statements (Unaudited)
	Consolidated Statements of Operations	3
	Consolidated Statements of Comprehensive Income (Loss)	4
	Consolidated Balance Sheets	5
	Consolidated Statements of Cash Flows	6
	Consolidated Statements of Equity	7
	Notes to the Interim Consolidated Financial Statements (Unaudited)	9
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	44
	Cautionary Statements About Forward-Looking Statements	44
	Recent Developments	45
	Overview	46
	Results of Operations	47
	Recent Accounting Pronouncements	51
	Segment Reviews	51
	Non-GAAP Financial Measures	55
	Liquidity & Capital Resources	57
	Critical Accounting Estimates	60
	Contractual Obligations	60
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	60
Item 4.	Controls and Procedures	61
Part II	Other Information
Item 1.	Legal Proceedings	62
Item 1A.	Risk Factors	64
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	65
Item 5.	Other Information	65
Item 6.	Exhibits	66
Exhibit Index		66
Signature		67
Consolidated Financial Statements of E.I. du Pont de Nemours and Company (Unaudited)		68

1

Explanatory Note

Corteva owns 100% of the outstanding common stock of EID (defined below). EID is a subsidiary of Corteva, Inc. and continues to be a reporting company, subject to the requirements of the Securities Exchange Act of 1934, as amended.

Unless otherwise indicated or the context otherwise requires, references in this Quarterly Report on Form 10-Q to:

    • "Corteva" or "the company" refers to Corteva, Inc. and its consolidated subsidiaries (including EID);

• "EID" refers to E. I. du Pont de Nemours and Company and its consolidated subsidiaries or E. I. du Pont de Nemours and Company excluding its consolidated subsidiaries, as the context may indicate;

    • "DowDuPont" refers to DowDuPont Inc. and its subsidiaries prior to the Separation of Corteva (defined below);

• "Historical Dow" refers to The Dow Chemical Company and its consolidated subsidiaries prior to the Internal Reorganization (defined below);

    • "Historical DuPont" refers to EID prior to the Internal Reorganization (defined below);

• "Internal Reorganizations" refers to the series of internal reorganization and realignment steps undertaken by Historical DuPont and Historical Dow to realign its business into three groups: agriculture, materials science and specialty products. As part of the Internal Reorganization:

1.the assets and liabilities aligned with EID’s material science business were transferred or conveyed to separate legal entities that were ultimately conveyed by DowDuPont to Dow on April 1, 2019;

2.the assets and liabilities of EID’s specialty products business were transferred or conveyed to separate legal entities that were ultimately distributed to DowDuPont on May 1, 2019;

3.the conveyance of Historical Dow's agriculture business to EID on May 2, 2019; and

4.the contribution of EID to Corteva, Inc. on May 31, 2019. Refer to the company’s Annual Report on Form 10-K for the year ended December 31, 2021 for further information.

• "Dow Distribution" refers to the separation of DowDuPont's materials science business into a separate and independent public company, on April 1, 2019 by way of a distribution of Dow Inc. through a pro rata dividend in-kind of all of the then-issued and outstanding shares of Dow Inc.’s common stock;

• "Merger” refers to the all-stock merger of equals strategic combination between Historical Dow and Historical DuPont on August 31, 2017;

    • "Dow" refers to Dow Inc. after the Dow Distribution;

    • "DuPont" refers to DuPont de Nemours, Inc. after the Separation of Corteva (on June 1, 2019, DowDuPont Inc. changed its registered name to DuPont de Nemours, Inc.);

• "Separation" or "Separation of Corteva" refers to June 1, 2019, when Corteva, Inc. became an independent, publicly
    traded company;

• "Corteva Distribution" refers to the pro rata distribution of all of the then-issued and outstanding shares of Corteva, Inc.'s common stock on June 1, 2019, which was then a wholly-owned subsidiary of DowDuPont, to holders of DowDuPont's common stock as of the close of business on May 24, 2019;

• "Distributions" refers to the Dow Distribution and the Corteva Distribution; and

• “Letter Agreement” refers to the Letter Agreement executed by DuPont and Corteva on June 1, 2019, which sets forth certain additional terms and conditions related to the Separation, including certain limitations on each party’s ability to transfer certain businesses and assets to third parties without assigning certain of such party’s indemnification obligations under the Corteva Separation Agreement to the other party to the transferee of such businesses and assets or meeting certain other alternative conditions.

This Quarterly Report on Form 10-Q is a combined report being filed separately by Corteva, Inc. and EID. The information in this Quarterly Report on Form 10-Q is equally applicable to Corteva, Inc. and EID, except where otherwise indicated.

The separate EID financial statements and footnotes for areas that differ from Corteva, are included within this Quarterly Report on Form 10-Q and begin on page 68. Footnotes of EID that are identical to that of Corteva are cross-referenced accordingly.

2

PART I.  FINANCIAL INFORMATION 

Item 1.CONSOLIDATED FINANCIAL STATEMENTS

Corteva, Inc.

Consolidated Statements of Operations (Unaudited)

(In millions, except per share amounts)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net sales	$	2,777	$	2,371	$	13,630	$	12,176
Cost of goods sold	1,879		1,558		7,926		6,988
Research and development expense	312		297		876		871
Selling, general and administrative expenses	657		672		2,409		2,403
Amortization of intangibles	178		180		536		543
Restructuring and asset related charges - net	152		26		300		261
Other income - net	23		378		89		1,013
Interest expense	18		8		43		22
Income (loss) from continuing operations before income taxes	(396)		8		1,629		2,101
Provision for (benefit from) income taxes on continuing operations	(74)		(28)		372		434
Income (loss) from continuing operations after income taxes	(322)		36		1,257		1,667
(Loss) income from discontinued operations after income taxes	(6)		(4)		(46)		(59)
Net income (loss)	(328)		32		1,211		1,608
Net income (loss) attributable to noncontrolling interests	3		2		9		8
Net income (loss) attributable to Corteva	$	(331)	$	30	$	1,202	$	1,600
Basic earnings (loss) per share of common stock:
Basic earnings (loss) per share of common stock from continuing operations	$	(0.45)	$	0.05	$	1.73	$	2.25
Basic earnings (loss) per share of common stock from discontinued operations	(0.01)		(0.01)		(0.06)		(0.08)
Basic earnings (loss) per share of common stock	$	(0.46)	$	0.04	$	1.67	$	2.17
Diluted earnings (loss) per share of common stock:
Diluted earnings (loss) per share of common stock from continuing operations	$	(0.45)	$	0.05	$	1.72	$	2.23
Diluted earnings (loss) per share of common stock from discontinued operations	(0.01)		(0.01)		(0.06)		(0.08)
Diluted earnings (loss) per share of common stock	$	(0.46)	$	0.04	$	1.66	$	2.15

See Notes to the Interim Consolidated Financial Statements beginning on page 9.

3

Corteva, Inc.

Consolidated Statements of Comprehensive Income (Loss) (Unaudited)

(In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net income (loss)	$	(328)	$	32	$	1,211	$	1,608
Other comprehensive income (loss) - net of tax:
Cumulative translation adjustments	(533)		(264)		(868)		(424)
Adjustments to pension benefit plans	113		10		128		26
Adjustments to other benefit plans	1		(157)		4		(474)
Unrealized gain (loss) on investments	—		—		—		10
Derivative instruments	50		11		42		107
Total other comprehensive income (loss)	(369)		(400)		(694)		(755)
Comprehensive income (loss)	(697)		(368)		517		853
Comprehensive income (loss) attributable to noncontrolling interests - net of tax	3		2		9		8
Comprehensive income (loss) attributable to Corteva	$	(700)	$	(370)	$	508	$	845

See Notes to the Interim Consolidated Financial Statements beginning on page 9.

4

Corteva, Inc.

Consolidated Balance Sheets (Unaudited)

(In millions, except share amounts)	September 30, 2022		December 31, 2021		September 30, 2021
Assets
Current assets
Cash and cash equivalents	$	2,199	$	4,459	$	2,779
Marketable securities	119		86		103
Accounts and notes receivable - net	6,273		4,811		5,818
Inventories	5,415		5,180		4,417
Other current assets	1,039		1,010		1,029
Total current assets	15,045		15,546		14,146
Investment in nonconsolidated affiliates	91		76		67
Property, plant and equipment	8,444		8,364		8,270
Less: Accumulated depreciation	4,259		4,035		3,960
Net property, plant and equipment	4,185		4,329		4,310
Goodwill	9,791		10,107		10,130
Other intangible assets	9,461		10,044		10,225
Deferred income taxes	407		438		448
Other assets	1,671		1,804		1,796
Total Assets	$	40,651	$	42,344	$	41,122
Liabilities and Equity
Current liabilities
Short-term borrowings and finance lease obligations	$	1,576	$	17	$	1,372
Accounts payable	4,140		4,126		3,512
Income taxes payable	227		146		95
Deferred revenue	860		3,201		692
Accrued and other current liabilities	2,115		2,068		2,134
Total current liabilities	8,918		9,558		7,805
Long-term debt	1,277		1,100		1,101
Other noncurrent liabilities
Deferred income tax liabilities	1,123		1,220		930
Pension and other post employment benefits - noncurrent	2,628		3,124		4,583
Other noncurrent obligations	1,621		1,719		1,724
Total noncurrent liabilities	6,649		7,163		8,338
Commitments and contingent liabilities
Stockholders’ equity
Common stock, $0.01 par value; 1,666,667,000 shares authorized; issued at September 30, 2022 - 716,225,000; December 31, 2021 - 726,527,000; and September 30, 2021 - 730,267,000	7		7		7
Additional paid-in capital	27,815		27,751		27,712
Retained earnings	614		524		666
Accumulated other comprehensive income (loss)	(3,592)		(2,898)		(3,645)
Total Corteva stockholders’ equity	24,844		25,384		24,740
Noncontrolling interests	240		239		239
Total equity	25,084		25,623		24,979
Total Liabilities and Equity	$	40,651	$	42,344	$	41,122

See Notes to the Interim Consolidated Financial Statements beginning on page 9.

5

Corteva, Inc.

Consolidated Statements of Cash Flows (Unaudited)

(In millions)	Nine Months Ended September 30,
	2022		2021
Operating activities
Net income (loss)	$	1,211	$	1,608
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:
Depreciation and amortization	919		926
Provision for (benefit from) deferred income tax	(149)		151
Net periodic pension and OPEB benefit, net	(155)		(959)
Pension and OPEB contributions	(147)		(202)
Net (gain) loss on sales of property, businesses, consolidated companies and investments	(17)		(1)
Restructuring and asset related charges - net	300		261
Other net loss	181		117
Changes in assets and liabilities, net
Accounts and notes receivable	(1,814)		(1,116)
Inventories	(466)		375
Accounts payable	202		(41)
Deferred revenue	(2,311)		(1,945)
Other assets and liabilities	100		7
Cash provided by (used for) operating activities	(2,146)		(819)
Investing activities
Capital expenditures	(460)		(413)
Proceeds from sales of property, businesses and consolidated companies - net of cash divested	46		53
Investments in and loans to nonconsolidated affiliates	(9)		(3)
Purchases of investments	(314)		(147)
Proceeds from sales and maturities of investments	274		310
Other investing activities, net	24		(1)
Cash provided by (used for) investing activities	(439)		(201)
Financing activities
Net change in borrowings (less than 90 days)	777		949
Proceeds from debt	1,335		419
Payments on debt	(355)		(1)
Repurchase of common stock	(800)		(750)
Proceeds from exercise of stock options	66		71
Dividends paid to stockholders	(311)		(295)
Other financing activities, net	(49)		(28)
Cash provided by (used for) financing activities	663		365
Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents	(295)		(78)
Increase (decrease) in cash, cash equivalents and restricted cash equivalents	(2,217)		(733)
Cash, cash equivalents and restricted cash equivalents at beginning of period	4,836		3,873
Cash, cash equivalents and restricted cash equivalents at end of period1	$	2,619	$	3,140

1. See page 16 for reconciliation of cash and cash equivalents and restricted cash equivalents presented in interim Consolidated Balance Sheets to total cash, cash equivalents and restricted cash equivalents presented in the interim Consolidated Statements of Cash Flows.

See Notes to the Interim Consolidated Financial Statements beginning on page 9.

6

Corteva, Inc.

Consolidated Statements of Equity (Unaudited)

(In millions, except per share amounts)	Common Stock		Additional Paid-in Capital "APIC"		Retained Earnings		Accumulated Other Comp Income (Loss)		Non-controlling Interests		Total Equity
2021
Balance at January 1, 2021	$	7	$	27,707	$	—	$	(2,890)	$	239	$	25,063
Net income (loss)					600				3		603
Other comprehensive income (loss)							(477)				(477)
Common dividends ($0.13 per share)			(97)								(97)
Issuance of Corteva stock			38								38
Repurchase of common stock			(18)		(332)						(350)
Other - net									(2)		(2)
Balance at March 31, 2021	$	7	$	27,630	$	268	$	(3,367)	$	240	$	24,778
Net income (loss)					970				3		973
Other comprehensive income (loss)							122				122
Common dividends ($0.13 per share)					(95)						(95)
Issuance of Corteva stock			28								28
Share-based compensation			23		(1)						22
Repurchase of common stock					(200)						(200)
Other - net			1		(1)				(3)		(3)
Balance at June 30, 2021	$	7	$	27,682	$	941	$	(3,245)	$	240	$	25,625
Net income (loss)					30				2		32
Other comprehensive income (loss)							(400)				(400)
Common dividends ($0.14 per share)					(103)						(103)
Issuance of Corteva stock			5								5
Share-based compensation			26		(1)						25
Repurchase of common stock					(200)						(200)
Other - net			(1)		(1)				(3)		(5)
Balance at September 30, 2021	$	7	$	27,712	$	666	$	(3,645)	$	239	$	24,979

7

(In millions, except per share amounts)	Common Stock		Additional Paid-in Capital "APIC"		Retained Earnings		Accumulated Other Comp Income (Loss)		Non-controlling Interests		Total Equity
2022
Balance at January 1, 2022	$	7	$	27,751	$	524	$	(2,898)	$	239	$	25,623
Net income (loss)					564				3		567
Other comprehensive income (loss)							77				77
Common dividends ($0.14 per share)					(102)						(102)
Issuance of Corteva stock			40								40
Share-based compensation			(31)								(31)
Repurchase of common stock					(235)						(235)
Other - net					(1)				(2)		(3)
Balance at March 31, 2022	$	7	$	27,760	$	750	$	(2,821)	$	240	$	25,936
Net income (loss)					969				3		972
Other comprehensive income (loss)							(402)				(402)
Common dividends ($0.14 per share)					(101)						(101)
Issuance of Corteva stock			22								22
Share-based compensation			13		(1)						12
Repurchase of common stock					(365)						(365)
Other - net									(3)		(3)
Balance at June 30, 2022	$	7	$	27,795	$	1,252	$	(3,223)	$	240	$	26,071
Net income (loss)					(331)				3		(328)
Other comprehensive income (loss)							(369)				(369)
Common dividends ($0.15 per share)					(108)						(108)
Issuance of Corteva stock			4								4
Share-based compensation			16		(1)						15
Repurchase of common stock					(200)						(200)
Other - net					2				(3)		(1)
Balance at September 30, 2022	$	7	$	27,815	$	614	$	(3,592)	$	240	$	25,084

See Notes to the Interim Consolidated Financial Statements beginning on page 9.

8

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Corteva, Inc.

Notes to the Interim Consolidated Financial Statements (Unaudited)

Table of Contents

Note		Page
1	Summary of Significant Accounting Policies	10
2	Recent Accounting Guidance	10
3	Revenue	11
4	Restructuring and Asset Related Charges - Net	13
5	Supplementary Information	15
6	Income Taxes	17
7	Earnings Per Share of Common Stock	18
8	Accounts and Notes Receivable - Net	19
9	Inventories	20
10	Other Intangible Assets	20
11	Short-Term Borrowings, Long-Term Debt and Available Credit Facilities	21
12	Commitments and Contingent Liabilities	23
13	Stockholders' Equity	30
14	Pension Plans and Other Post Employment Benefits	33
15	Financial Instruments	33
16	Fair Value Measurements	39
17	Segment Information	40
18	Subsequent Events	43

9

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") for interim financial information and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair statement of the results for interim periods have been included. Results for interim periods should not be considered indicative of results for a full year. These interim Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto contained in the company’s Annual Report on Form 10-K for the year ended December 31, 2021, collectively referred to as the “2021 Annual Report.” The interim Consolidated Financial Statements include the accounts of the company and all of its subsidiaries in which a controlling interest is maintained.

Since 2018, Argentina has been considered a hyper-inflationary economy under U.S. GAAP and therefore the U.S. Dollar (“USD”) is the functional currency for our related subsidiaries. Argentina contributes approximately 5 percent to both the company's annual Sales and EBITDA. We remeasure net monetary assets and translate our financial statements utilizing the official Argentine Peso (“Peso”) to USD exchange rate. The ability to draw down Peso cash balances is limited at this time due to government restrictions and market availability of U.S. Dollars. The devaluation of the Peso relative to the USD over the last several years has resulted in the recognition of exchange losses (refer to Note 5 – Supplementary Information, to the interim Consolidated Financial Statements, and Note 9 – Supplemental Information, to the company's 2021 Annual Report). As of September 30, 2022, a further 10 percent deterioration in the official Peso to USD exchange rate would reduce the USD value of our net monetary assets and negatively impact pre-tax earnings by approximately $20 million. We will continue to assess the implications to our operations and financial reporting.

In April 2022, the company implemented a global business unit organization model (“BU Reorganization”). While the new organization model had no impact on our determination of operating segments, it did result in the company’s digital reporting unit being merged into the seed and crop protection reporting units with the goodwill relating to the former digital reporting unit being reassigned to the seed and crop protection reporting units using a relative fair value allocation approach. The impact of the BU Reorganization did not have a material impact to the company’s historical reportable segments’ financial measures. An interim goodwill impairment assessment immediately prior to the BU Reorganization and for the seed and crop protection reporting units immediately after the BU Reorganization resulted in no goodwill impairment charges.

Qualitative impairment assessments were performed for the seed and crop protection reporting units. The qualitative assessments included an evaluation of relevant factors including GDP growth rates, long-term commodity prices, equity and credit market activity, discount rates, changes in the industry and market structure, competitive environments, cost factors such as raw material prices, and overall financial performance. Based on the qualitative assessments performed, it was more likely than not that the fair value of each reporting unit exceeded the carrying value and therefore a quantitative test was not performed. A quantitative impairment assessment was performed for the former digital reporting unit using a combination of the discounted cash flow model (a form of the income approach) and the market approach. Under the income approach, fair value is determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. The company's significant assumptions in this analysis included future cash flow projections, weighted average cost of capital, the terminal growth rate and the tax rate. The company’s estimate of future cash flows is based on current regulatory and economic climates, recent operating results, and assumed business strategy from a market participant perspective and includes an estimate of a long-term future growth rate based on such strategy. Actual results may differ from those assumed in the company’s forecast. The company derives its discount rate using a capital asset pricing model and analyzes published rates for industries relevant to its reporting unit to estimate the cost of equity financing. The company uses a discount rate that is commensurate with the risks and uncertainty inherent in the reporting unit and in its internally developed forecast. Under the market approach, the company uses historically completed transactions for comparable companies.

NOTE 2 - RECENT ACCOUNTING GUIDANCE

Recently Adopted Accounting Guidance

In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance, which requires business entities to disclose transactions with a governmental entity for which a grant or contribution accounting model is used in recognizing and measuring such transactions. This standard is effective for fiscal years beginning after December 15, 2021, and early adoption is permitted. The company adopted this guidance on January 1, 2022 and it did not have a material impact on the company’s disclosures.

10

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Accounting Guidance Issued But Not Adopted as of September 30, 2022

In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. This ASU includes amendments that require a buyer in supplier finance programs to disclose key terms of the programs and related obligations, including a rollforward of such obligations. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the rollforward requirements, which is effective for fiscal years beginning after December 15, 2023, and early adoption is permitted. Retrospective application to all periods in which a balance sheet is presented is required, except for the rollforward requirement, which will be applied prospectively. The adoption of this guidance will result in the company being required to include certain disclosures relating to supplier financing programs and related obligations.

NOTE 3 - REVENUE

Revenue Recognition

Products

Substantially all of Corteva's revenue is derived from product sales. Product sales consist of sales of Corteva's products to farmers, distributors, and manufacturers. Corteva considers purchase orders, which in some cases are governed by master supply agreements, to be a contract with a customer. Contracts with customers are considered to be short-term when the time between order confirmation and satisfaction of the performance obligations is equal to or less than one year. However, the company has some long-term contracts which can span multiple years.

Revenue from product sales is recognized when the customer obtains control of the company's product, which occurs at a point in time according to shipping terms. Payment terms are generally less than one year from invoicing. The company elected the practical expedient and does not adjust the promised amount of consideration for the effects of a significant financing component when the company expects it will be one year or less between when a customer obtains control of the company's product and when payment is due. When the company performs shipping and handling activities after the transfer of control to the customer (e.g., when control transfers prior to or at shipment), these are considered fulfillment activities, and accordingly, the costs are accrued when the related revenue is recognized. Taxes collected from customers relating to product sales and remitted to governmental authorities are excluded from revenues. In addition, the company elected the practical expedient to expense any costs to obtain contracts as incurred, as the amortization period for these costs would have been one year or less.

The transaction price includes estimates of variable consideration, such as rights of return, rebates, and discounts, that are reductions in revenue. All estimates are based on the company's historical experience, anticipated performance, and the company's best judgment at the time the estimate is made. Estimates of variable consideration included in the transaction price primarily utilize the expected value method based on historical experience. These estimates are reassessed each reporting period and are included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur upon resolution of uncertainty associated with the variable consideration. The majority of contracts have a single performance obligation satisfied at a point in time and the transaction price is stated in the contract, usually as quantity times price per unit. For contracts with multiple performance obligations, the company allocates the transaction price to each performance obligation based on the relative standalone selling price. The standalone selling price is the observable price which depicts the price as if sold to a similar customer in similar circumstances.

Licenses of Intellectual Property

Corteva enters into licensing arrangements with customers under which it licenses its intellectual property. Revenue from the majority of intellectual property licenses is derived from sales-based royalties. Revenue for licensing agreements that contain sales-based royalties is recognized at the later of (i) when the subsequent sale occurs or (ii) when the performance obligation to which some or all of the royalty has been allocated is satisfied.

Remaining Performance Obligations

Remaining performance obligations represent the transaction price allocated to unsatisfied or partially unsatisfied performance obligations. The company applies the practical expedient to disclose the transaction price allocated to the remaining performance obligations for only those contracts with an original duration of more than one year. The transaction price allocated to remaining performance obligations with an original duration of more than one year related to material rights granted to customers for contract renewal options were $129 million, $123 million and $122 million at September 30, 2022, December 31, 2021 and September 30, 2021, respectively. The company expects revenue to be recognized for the remaining performance obligations evenly over the period of one year to six years.

11

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Contract Balances

Contract liabilities primarily reflect deferred revenue from prepayments under contracts with customers where the company receives advance payments for products to be delivered in future periods. Corteva classifies deferred revenue as current or noncurrent based on the timing of when the company expects to recognize revenue. Contract assets primarily include amounts related to conditional rights to consideration for completed performance not yet invoiced. Accounts receivable are recorded when the right to consideration becomes unconditional.

Contract Balances	September 30, 2022		December 31, 2021		September 30, 2021
(In millions)
Accounts and notes receivable - trade1	$	4,875	$	3,561	$	4,744
Contract assets - current2	$	25	$	24	$	24
Contract assets - noncurrent3	$	62	$	58	$	60
Deferred revenue - current	$	860	$	3,201	$	692
Deferred revenue - noncurrent4	$	108	$	120	$	111

1.Included in accounts and notes receivable - net in the interim Consolidated Balance Sheets.

2.Included in other current assets in the interim Consolidated Balance Sheets.

3.Included in other assets in the interim Consolidated Balance Sheets.

4.Included in other noncurrent obligations in the interim Consolidated Balance Sheets.

Revenue recognized during the nine months ended September 30, 2022 and 2021 from amounts included in deferred revenue at the beginning of the period was $3,049 million and $2,454 million, respectively.

Disaggregation of Revenue

Corteva's operations are classified into two reportable segments: Seed and Crop Protection. The company disaggregates its revenue by major product line and geographic region, as the company believes it best depicts the nature, amount and timing of its revenue and cash flows. Net sales by major product line are included below:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Corn	$	469	$	437	$	4,621	$	4,505
Soybean	205		157		1,685		1,494
Other oilseeds	124		94		647		661
Other	64		50		380		350
Seed	862		738		7,333		7,010
Herbicides	1,043		782		3,472		2,737
Insecticides	363		416		1,275		1,261
Fungicides	421		339		1,173		911
Other	88		96		377		257
Crop Protection	1,915		1,633		6,297		5,166
Total	$	2,777	$	2,371	$	13,630	$	12,176

Sales are attributed to geographic regions based on customer location. Net sales by geographic region and segment are included below:

Seed	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
North America1	$	218	$	168	$	4,637	$	4,482
EMEA2	157		153		1,442		1,398
Latin America	383		334		912		842
Asia Pacific	104		83		342		288
Total	$	862	$	738	$	7,333	$	7,010

12

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Crop Protection	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
North America1	$	521	$	422	$	2,185	$	1,693
EMEA2	297		237		1,452		1,304
Latin America	898		763		1,852		1,361
Asia Pacific	199		211		808		808
Total	$	1,915	$	1,633	$	6,297	$	5,166

1.Represents U.S. & Canada.

2.Europe, Middle East, and Africa ("EMEA").

NOTE 4 - RESTRUCTURING AND ASSET RELATED CHARGES - NET

2022 Restructuring Actions

In connection with the company’s shift to a global business unit model, the company has assessed its business priorities and operational structure to maximize the customer experience and deliver on growth and earnings potential. As a result of this assessment, the company has committed to restructuring actions that, combined with the impact of the company’s separate announcement to withdraw from Russia (“Russia Exit”) (collectively the “2022 Restructuring Actions”), is expected to result in total net pre-tax restructuring and other charges of $350 million to $420 million comprised of $105 million to $120 million of severance and related benefit costs, $155 million to $180 million of asset related charges, $65 million to $80 million of costs related to contract terminations (contract terminations includes early lease terminations) and $25 million to $40 million of other charges. Future cash payments related to these charges are anticipated to be $150 million to $175 million, primarily related to the payment of severance and related benefits, contract terminations and other charges. The restructuring actions associated with these charges are expected to be substantially complete in 2023.

The total net pre-tax restructuring and other charges included $47 million associated with the Russia Exit for the nine months ended September 30, 2022. The Russia Exit net pre-tax restructuring charges consisted of $6 million of severance and related benefit costs, $3 million of asset related charges, and $28 million of costs related to contract terminations (contract terminations includes early lease terminations). The company also recorded other pre-tax charges associated with the Russia Exit to cost of goods sold and other income – net in the interim Consolidated Statement of Operations, relating to inventory write-offs of $2 million and settlement costs of $8 million, respectively. Additional pre-tax charges up to $20 million associated with the Russia Exit are possible, primarily associated with government receivables.

The charges related to the 2022 Restructuring Actions related to the segments, as well as corporate expenses, for the three and nine months ended September 30, 2022 were as follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
(In millions)	2022		2022
Seed	$	61	$	94
Crop Protection	19		20
Corporate expenses	66		88
Total1	$	146	$	202

1.This amount excludes the pre-tax charges impacting Seed recorded to cost of goods sold and other income - net in the company's interim Consolidated Statement of Operations, relating to inventory write-offs of $33 million, and a gain on sale of a business of $15 million, settlement costs associated with the Russia Exit, and charges associated with the exit of a non-strategic asset of $5 million, respectively.

13

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The following table is a summary of charges incurred related to 2022 Restructuring Actions for the three and nine months ended September 30, 2022:

	Three Months Ended September 30,		Nine Months Ended September 30,
(In millions)	2022		2022
Severance and related benefit costs	$	66	$	88
Asset related charges	66		70
Contract termination charges1	14		44
Total restructuring and asset related charges - net2	$	146	$	202

1.Contract terminations includes early lease terminations.

2.This amount excludes the pre-tax charges recorded to the cost of goods sold and other income - net in the interim Consolidated Statement of Operations, relating to inventory write-offs of $33 million, and a gain on sale of a business of $15 million, settlement costs associated with the Russia Exit and charges associated with the exit of a non-strategic asset of $5 million, respectively.

A reconciliation of the December 31, 2021 to the September 30, 2022 liability balances related to the 2022 Restructuring Actions is summarized below:

(in millions)	Severance and Related Benefit Costs		Asset Related		Contract Termination1		Total
Balance at December 31, 2021	$	—	$	—	$	—	$	—
Charges to income (loss) from continuing operations	88		70		44		202
Payments	(19)		—		(5)		(24)
Asset write-offs	—		(70)		—		(70)
Balance at September 30, 2022	$	69	$	—	$	39	$	108

1.The liability for contract terminations includes lease obligations. The cash impact of these obligations will be substantially complete by the end of 2022.

2021 Restructuring Actions

During the first quarter of 2021, Corteva approved restructuring actions designed to right-size and optimize its footprint and organizational structure according to the business needs in each region with the focus on driving continued cost improvement and productivity. Through the third quarter of 2022, the company recorded net pre-tax restructuring charges of $166 million inception-to-date under the 2021 Restructuring Actions, consisting of $77 million of severance and related benefit costs, $44 million of asset related charges, $6 million of asset retirement obligations and $39 million of costs related to contract terminations (contract terminations includes early lease terminations). The company does not anticipate any additional material charges from the 2021 Restructuring Actions as actions associated with this charge were substantially complete by the end of 2021.

The charges related to the 2021 Restructuring Actions related to the segments, as well as corporate expenses, for the three and nine months ended September 30, 2022 and 2021 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Seed	$	1	$	4	$	(1)	$	21
Crop Protection	(1)		4		(3)		41
Corporate expenses	—		9		3		65
Total	$	—	$	17	$	(1)	$	127

14

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The following table is a summary of charges incurred related to 2021 Restructuring Actions for the three and nine months ended September 30, 2022 and 2021:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Severance and related benefit costs	$	—	$	9	$	3	$	58
Asset related charges	—		7		(1)		29
Contract termination charges	—		1		(3)		40
Total restructuring and asset related charges - net	$	—	$	17	$	(1)	$	127

A reconciliation of the December 31, 2021 to the September 30, 2022 liability balances related to the 2021 Restructuring Actions is summarized below:

(In millions)	Severance and Related Benefit Costs		Asset Related1		Contract Termination		Total
Balance at December 31, 2021	$	52	$	—	$	12	$	64
Charges to income (loss) from continuing operations	3		(1)		(3)		(1)
Payments	(35)		—		(8)		(43)
Asset write-offs	—		1		—		1
Balance at September 30, 2022	$	20	$	—	$	1	$	21

1.In addition, the company has a liability recorded for asset retirement obligations of $3 million as of September 30, 2022.

Other Asset Related Charges

The company recognized $5 million and $104 million for the three and nine months ended September 30, 2022, respectively, and $5 million and $124 million for the three and nine months ended September 30, 2021, respectively, in restructuring and asset related charges - net in the interim Consolidated Statement of Operations, from non-cash accelerated prepaid royalty amortization expense related to Roundup Ready 2 Yield® and Roundup Ready 2 Xtend® herbicide tolerance traits.

NOTE 5 - SUPPLEMENTARY INFORMATION

Other Income - Net	Three Months Ended September				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Interest income	$	36	$	19	$	75	$	58
Equity in earnings (losses) of affiliates - net	(1)		(1)		13		4
Net gain (loss) on sales of businesses and other assets	16		1		17		2
Net exchange gains (losses)1	(13)		2		(96)		(47)
Non-operating pension and other post employment benefit credit (costs)2	22		326		170		979
Miscellaneous income (expenses) - net3	(37)		31		(90)		17
Other income - net	$	23	$	378	$	89	$	1,013

1.Includes net pre-tax exchange gains (losses) of $(32) million and $(65) million associated with the devaluation of the Argentine peso for the three and nine months ended September 30, 2022, respectively, and $(16) million and $(53) million for the three and nine months ended September 30, 2021, respectively.

2.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 settlement gain (loss)).

3.Miscellaneous income (expenses) - net for the three and nine months ended September 30, 2022 and 2021 includes losses on 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. Miscellaneous income (expenses) - net for the three and nine months ended September 30, 2022 also includes estimated settlement reserves, settlement cost associated with the Russia Exit and an Employee Retention Credit, and the nine months ended September 30, 2022 also includes charges associated with the exit of a non-strategic asset. Additionally, the three and nine months ended September 30, 2021 includes a gain from remeasurement of an equity investment and the nine months ended September 30, 2021 includes realized losses on sale of available-for-sale securities.

15

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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 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 other income - net and the related tax impact is recorded in provision for (benefit from) income taxes on continuing operations in the interim Consolidated Statements of Operations.

(In millions)	Three Months Ended September				Nine Months Ended September 30,
	2022		2021		2022		2021
Subsidiary Monetary Position Gain (Loss)
Pre-tax exchange gain (loss)	$	(80)	$	(32)	$	(120)	$	(47)
Local tax (expenses) benefits	(40)		3		(61)		(11)
Net after-tax impact from subsidiary exchange gain (loss)	$	(120)	$	(29)	$	(181)	$	(58)
Hedging Program Gain (Loss)
Pre-tax exchange gain (loss)	$	67	$	34	$	24	$	—
Tax (expenses) benefits	(15)		(8)		(5)		—
Net after-tax impact from hedging program exchange gain (loss)	$	52	$	26	$	19	$	—
Total Exchange Gain (Loss)
Pre-tax exchange gain (loss)	$	(13)	$	2	$	(96)	$	(47)
Tax (expenses) benefits	(55)		(5)		(66)		(11)
Net after-tax exchange gain (loss)	$	(68)	$	(3)	$	(162)	$	(58)

Cash, cash equivalents and restricted cash equivalents

The following table provides a reconciliation of cash and cash equivalents and restricted cash equivalents presented in the interim Consolidated Balance Sheets to the total cash, cash equivalents and restricted cash equivalents presented in the interim Consolidated Statements of Cash Flows. Corteva classifies restricted cash equivalents as current or noncurrent based on the nature of the restrictions, which are included in other current assets and other assets, respectively, in the interim Consolidated Balance Sheets.

(In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Cash and cash equivalents	$	2,199	$	4,459	$	2,779
Restricted cash equivalents	420		377		361
Total cash, cash equivalents and restricted cash equivalents	$	2,619	$	4,836	$	3,140

Restricted cash equivalents primarily relates to a trust funded by EID for cash obligations under certain non-qualified benefit and deferred compensation plans due to the Merger, which was a change in control event, and is classified as current. Restricted cash equivalents for September 30, 2022 and December 31, 2021 also includes contributions to escrow accounts established for the settlement of certain legal matters, which is classified as current, and the settlement of legacy PFAS matters and the associated qualified spend, which is classified as noncurrent.

16

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 6 - INCOME TAXES

For periods between the Merger and the Corteva Distribution, Corteva and its subsidiaries were included in DowDuPont's consolidated federal income tax group and consolidated tax return. Generally, the consolidated tax liability of the DowDuPont U.S. tax group for each year was apportioned among the members of the consolidated group based on each member’s separate taxable income. Corteva, DuPont and Dow intend that to the extent Federal and/or State corporate income tax liabilities are reduced through the utilization of tax attributes of the other, settlement of any receivable and payable generated from the use of the other party’s sub-group attributes will be in accordance with a tax matters agreement. See Note 12 - Commitments and Contingent Liabilities, for further information related to indemnifications between Corteva, DuPont and Dow.

Each year the company files hundreds of tax returns in the various national, state and local income taxing jurisdictions in which it operates. These tax returns are subject to examination and possible challenge by the tax authorities. Positions challenged by the tax authorities may be settled or appealed by the company. As a result, there is an uncertainty in income taxes recognized in the company's financial statements in accordance with accounting for income taxes and accounting for uncertainty in income taxes. The ultimate resolution of such uncertainties is not expected to have a material impact on the company's results of operations.

During the three and nine months ended September 30, 2022, the company recognized a tax benefit of $55 million to provision for income taxes on continuing operations related to the impact of a change in a U.S. legal entity's tax characterization, resulting in the establishment of deferred taxes.

During the three months ended September 30, 2022, the company recognized $9 million of net tax charges to provision for income taxes on continuing operations associated with changes in accruals and deferred taxes for certain prior year tax positions and valuation allowances, partially offset by tax benefits associated with U.S. state tax rate changes.

During the nine months ended September 30, 2022, the company recognized $39 million of net tax benefits to provision for income taxes on continuing operations associated with changes in accruals and deferred taxes for certain prior year tax positions in various jurisdictions, U.S state tax rate changes, and stock-based compensation, partially offset by changes in valuation allowances.

During the three and nine months ended September 30, 2021, the company recognized $32 million and $58 million, respectively, of net tax benefits to provision for income taxes on continuing operations associated with changes in accruals for certain prior year tax positions in various jurisdictions, including a $22 million tax benefit associated with U.S. research and development credits.

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 the program, which resides in the U.S., 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, which can drive material impacts on the company's effective tax rate. For further discussion of pre-tax and after-tax impacts of the company's foreign currency hedging program and net monetary asset programs, refer to Note 5 - Supplementary Information.

On August 16, 2022, the U.S. federal government enacted the Inflation Reduction Act of 2022 (“the Act”). The Act includes tax provisions, among other things, which implements (i) a 15 percent minimum tax on book income of certain large corporations; (ii) a one percent excise tax on net stock repurchases; and (iii) several tax incentives to promote clean energy. The company does not expect the Act to have a material impact on the company’s financial position, results of operations or cash flows.

17

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 7 - EARNINGS PER SHARE OF COMMON STOCK

The following tables provide earnings per share calculations for the periods indicated below:

Net Income (Loss) for Earnings (Loss) Per Share Calculations - Basic and Diluted	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Income (loss) from continuing operations after income taxes	$	(322)	$	36	$	1,257	$	1,667
Net income (loss) attributable to continuing operations noncontrolling interests	3		2		9		8
Income (loss) from continuing operations available to Corteva common stockholders	(325)		34		1,248		1,659
(Loss) income from discontinued operations available to Corteva common stockholders	(6)		(4)		(46)		(59)
Net income (loss) available to common stockholders	$	(331)	$	30	$	1,202	$	1,600

Earnings (Loss) Per Share Calculations - Basic	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars per share)	2022		2021		2022		2021
Earnings (loss) per share of common stock from continuing operations	$	(0.45)	$	0.05	$	1.73	$	2.25
(Loss) earnings per share of common stock from discontinued operations	(0.01)		(0.01)		(0.06)		(0.08)
Earnings (loss) per share of common stock	$	(0.46)	$	0.04	$	1.67	$	2.17

Earnings (Loss) Per Share Calculations - Diluted	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars per share)	2022		2021		2022		2021
Earnings (loss) per share of common stock from continuing operations	$	(0.45)	$	0.05	$	1.72	$	2.23
(Loss) earnings per share of common stock from discontinued operations	(0.01)		(0.01)		(0.06)		(0.08)
Earnings (loss) per share of common stock	$	(0.46)	$	0.04	$	1.66	$	2.15

Share Count Information	Three Months Ended September 30,		Nine Months Ended September 30,
(Shares in millions)	2022	2021	2022	2021
Weighted-average common shares - basic	718.7	733.8	722.8	738.1
Plus dilutive effect of equity compensation plans1	—	5.7	3.6	5.9
Weighted-average common shares - diluted	718.7	739.5	726.4	744.0
Potential shares of common stock excluded from EPS calculations2	6.1	3.0	2.2	3.1

1.Diluted earnings (loss) per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect.

2.These outstanding potential shares of common stock relating to stock options, restricted stock units and performance-based restricted stock units were excluded from the calculation of diluted earnings (loss) per share because (i) the effect of including them would have been anti-dilutive; and (ii) the performance metrics have not yet been achieved for the outstanding potential shares relating to performance-based restricted stock units, which are deemed to be contingently issuable.

18

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 8 - ACCOUNTS AND NOTES RECEIVABLE - NET

(In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Accounts receivable – trade1	$	3,642	$	3,441	$	3,336
Notes receivable – trade1,2	1,233		120		1,408
Other3	1,398		1,250		1,074
Total accounts and notes receivable - net	$	6,273	$	4,811	$	5,818

1.Accounts receivable – trade and notes receivable - trade are net of allowances of $213 million at September 30, 2022, and $210 million at December 31, 2021, and September 30, 2021. Allowances are equal to the estimated uncollectible amounts and are based on the expected credit losses and were developed using a loss-rate method.

2.Notes receivable – trade primarily consists of receivables for deferred payment loan programs for the sale of seed and chemical products to customers. These loans have terms of one year or less and are primarily concentrated in North America. The company maintains a rigid approval process for extending credit to customers in order to manage overall risk and exposure associated with credit losses. As of September 30, 2022, December 31, 2021, and September 30, 2021 there were no significant impairments related to current loan agreements.

3.Other includes receivables in relation to indemnification assets, value added tax, general sales tax and other taxes. No individual group represents more than 10 percent of total receivables. In addition, Other includes amounts due from nonconsolidated affiliates of $132 million, $104 million, and $84 million as of September 30, 2022, December 31, 2021, and September 30, 2021, respectively.

Accounts and notes receivable are carried at the expected amount to be collected, which approximates fair value. The company establishes the allowance for doubtful receivables using a loss-rate method where the loss rate is developed using past events, historical experience, current conditions and forecasts that affect the collectability of the financial assets.

The following table summarizes changes in the allowance for doubtful receivables for the three months ended September 30, 2022 and 2021:

(In millions)
2021
Balance at December 31, 2020	$	208
Net benefit for credit losses	(7)
Write-offs charged against allowance / other	9
Balance at September 30, 2021	$	210
2022
Balance at December 31, 2021	$	210
Net provision for credit losses	4
Write-offs charged against allowance / other	(1)
Balance at September 30, 2022	$	213

The company enters into various factoring agreements with third-party financial institutions to sell its trade receivables under both recourse and non-recourse agreements in exchange for cash proceeds. These financing arrangements result in a transfer of the company's receivables and risks to the third-party. As these transfers qualify as true sales under the applicable accounting guidance, the receivables are derecognized from the interim Consolidated Balance Sheets upon transfer, and the company receives a payment for the receivables from the third-party within a mutually agreed upon time period. For arrangements involving an element of recourse, which is typically provided through a guarantee of accounts in the event of customer default, the guarantee obligation is measured using market data from similar transactions and reported as a current liability in the interim Consolidated Balance Sheets.

Trade receivables sold under these agreements were $35 million and $130 million for the three and nine months ended September 30, 2022 and $70 million and $257 million for the three and nine months ended September 30, 2021, respectively. The trade receivables sold that remained outstanding under these agreements which include an element of recourse as of September 30, 2022, December 31, 2021, and September 30, 2021 were $47 million, $166 million, and $173 million, respectively. The net proceeds received are included in cash provided by (used for) operating activities in the interim Consolidated Statements of Cash Flows. The difference between the carrying amount of the trade receivables sold and the sum of the cash received is recorded as a loss on sale of receivables in other income - net in the interim Consolidated Statements of Operations. The loss on sale of receivables for the three and nine months ended September 30, 2022 was $6 million and $19 million, and $11 million and $54 million for the three and nine months ended September 30, 2021, respectively. See Note 12 - Commitments and Contingent Liabilities for additional information on the company’s guarantees.

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NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 9 - INVENTORIES

(In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Finished products	$	2,082	$	2,497	$	1,871
Semi-finished products	2,557		2,076		2,028
Raw materials and supplies	776		607		518
Total inventories	$	5,415	$	5,180	$	4,417

NOTE 10 - OTHER INTANGIBLE ASSETS

The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows: 

(In millions)	September 30, 2022						December 31, 2021						September 30, 2021
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets subject to amortization (Definite-lived):
Germplasm	$	6,265	$	(762)	$	5,503	$	6,265	$	(571)	$	5,694	$	6,265	$	(507)	$	5,758
Customer-related	1,890		(550)		1,340		1,953		(487)		1,466		1,956		(460)		1,496
Developed technology	1,485		(790)		695		1,485		(679)		806		1,485		(641)		844
Trademarks/trade names	2,006		(231)		1,775		2,012		(172)		1,840		2,012		(152)		1,860
Favorable supply contracts	475		(467)		8		475		(396)		79		475		(373)		102
Other1	395		(265)		130		405		(256)		149		407		(252)		155
Total other intangible assets with finite lives	12,516		(3,065)		9,451		12,595		(2,561)		10,034		12,600		(2,385)		10,215
Intangible assets not subject to amortization (Indefinite-lived):
IPR&D	10		—		10		10		—		10		10		—		10
Total other intangible assets	10		—		10		10		—		10		10		—		10
Total	$	12,526	$	(3,065)	$	9,461	$	12,605	$	(2,561)	$	10,044	$	12,610	$	(2,385)	$	10,225

1.Primarily consists of sales and farmer networks, marketing and manufacturing alliances and noncompetition agreements.

The aggregate pre-tax amortization expense from continuing operations for definite-lived intangible assets was $178 million and $536 million for the three and nine months ended September 30, 2022, respectively and $180 million and $543 million for the three and nine months ended September 30, 2021, respectively. The current estimated aggregate pre-tax amortization expense from continuing operations for the remainder of 2022 and each year of the next five years is approximately $164 million, $616 million, $602 million, $565 million, $554 million and $494 million, respectively.

20

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 11 - SHORT-TERM BORROWINGS, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES

The following tables summarize Corteva's short-term borrowings and finance lease obligations and long-term debt:

Short-term borrowings and finance lease obligations
(In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Commercial paper	$	1,369	$	—	$	802
Repurchase facility	200		—		550
Other loans - various currencies	6		15		18
Long-term debt payable within one year	—		1		1
Finance lease obligations payable within one year	1		1		1
Total short-term borrowings and finance lease obligations	$	1,576	$	17	$	1,372

Long-term debt
(in millions)	September 30, 2022				December 31, 2021				September 30, 2021
	Amount		Weighted Average Rate		Amount		Weighted Average Rate		Amount		Weighted Average Rate
Promissory notes and debentures:
Maturing in 2025	$	500	1.70	%	$	500	1.70	%	$	500	1.70	%
Maturing in 2030	500		2.30	%	500		2.30	%	500		2.30	%
Other loans:
Foreign currency loans, various rates and maturities	176		14.80	%	1		6.82	%	1		6.38	%
Medium-term notes, varying maturities through 2041	107		2.87	%	107		—	%	108		—	%
Finance lease obligations	2				3				3
Less: Unamortized debt discount and issuance costs	8				10				10
Less: Long-term debt due within one year	—				1				1
Total long-term debt	$	1,277			$	1,100			$	1,101

The estimated fair value of the company's short-term and long-term borrowings, including interest rate financial instruments, was determined using Level 2 inputs within the fair value hierarchy. Based on quoted market prices for the same or similar issues, or on current rates offered to the company for debt of the same remaining maturities, the fair value of the company's short-term borrowings and finance lease obligations was approximately carrying value.

The fair value of the company’s long-term borrowings, including debt due within one year, was $1,154 million, $1,121 million, and $1,134 million as of September 30, 2022, December 31, 2021, and September 30, 2021, respectively.

Repurchase Facility

In February 2022, the company entered into a new committed receivable repurchase facility of up to $500 million (the "2022 Repurchase Facility") which expires in December 2022. Under the 2022 Repurchase Facility, Corteva may sell a portfolio of available and eligible outstanding customer notes receivables to participating institutions and simultaneously agree to repurchase at a future date. The 2022 Repurchase Facility is considered a secured borrowing with the customer notes receivables inclusive of those that are sold and repurchased, equal to 105 percent of the outstanding amounts borrowed utilized as collateral. Borrowings under the 2022 Repurchase Facility have an interest rate equal to the Adjusted Term Secured Overnight Financing Rate ("SOFR"), which is Term SOFR plus 0.10 percent, plus the margin.

As of September 30, 2022, $210 million of notes receivable, recorded in accounts and notes receivable - net in the interim Consolidated Balance Sheets, were pledged as collateral against outstanding borrowings under the 2022 Repurchase Facility of $200 million, recorded in short-term borrowings and finance lease obligations in the interim Consolidated Balance Sheets.

21

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Foreign Currency Loans

The company enters into short-term and long-term foreign currency loans from time-to-time by accessing uncommitted revolving credit lines to fund working capital needs of foreign subsidiaries in the normal course of business (“Foreign Currency Loans”). Interest rates are variable and determined at the time of borrowing. Total unused bank credit lines on the Foreign Currency Loans at September 30, 2022 was approximately $85 million. The company’s long-term Foreign Currency Loans have varying maturities through 2024.

Available Committed Credit Facilities

The following table summarizes the company's credit facilities:

Committed and Available Credit Facilities at September 30, 2022
(in millions)	Effective Date	Committed Credit		Credit Available		Maturity Date	Interest
Revolving Credit Facility	May 2022	$	3,000	$	3,000	May 2027	Floating Rate
Revolving Credit Facility	May 2022	2,000		2,000		May 2025	Floating Rate
364-day Revolving Credit Facility	May 2022	500		500		May 2023	Floating Rate
Total Committed and Available Credit Facilities		$	5,500	$	5,500

Revolving Credit Facilities

In November 2018, EID entered into a $3 billion, 5-year revolving credit facility and a $3 billion, 3-year revolving credit facility (the “Revolving Credit Facilities”). The Revolving Credit Facilities became effective in May 2019. Corteva, Inc. became a party at the time of the Corteva Distribution. In May 2021, the company entered into an amendment that extended the maturity date of the 3-year revolving credit facility from May 2022 to May 2023. Other than the change in maturity date, there were no material modifications to the terms of the credit facility. During May 2022, the Credit Facilities were refinanced for purposes of extending the maturity dates to 2027 and 2025 for the 5-year and 3-year revolving credit facilities, respectively, lowering the facility amount of the 3-year revolving credit facility to $2 billion and transitioning the interest rate to Adjusted Term SOFR, which is Term SOFR plus 0.10 percent, plus the applicable margin. The Revolving Credit Facilities may serve as a substitute to the company's commercial paper program, and can be used, from time to time, for general corporate purposes including, but not limited to, the funding of seasonal working capital needs. The Revolving Credit Facilities contain customary representations and warranties, affirmative and negative covenants and events of default that are typical for companies with similar credit ratings. Additionally, the Revolving Credit Facilities contain a financial covenant requiring that the ratio of total indebtedness to total capitalization for Corteva and its consolidated subsidiaries not exceed 0.60. At September 30, 2022, the company was in compliance with these covenants.

364-day Revolving Credit Facilities

In May 2022, the company entered into a $500 million, 364-day revolving credit agreement (the “364-day Revolving Credit Facility”) expiring in May 2023. Borrowings under the 364-day Revolving Credit Facility will have an interest rate equal to Adjusted Term SOFR, which is Term SOFR plus 0.10 percent, plus the applicable margin. The 364-day Revolving Credit Facility includes a provision under which the company may convert any advances outstanding prior to the maturity date into term loans having a maturity date up to one year later. The 364-day Revolving Credit Facility will be used for general corporate purposes including, but not limited to, the funding of seasonal working capital needs. The 364-day Revolving Credit Facility contains customary representations and warranties, affirmative and negative covenants and events of default that are typical for companies with similar credit ratings. Additionally, the 364-day Revolving Credit Facility contains a financial covenant requiring that the ratio of total indebtedness to total capitalization for Corteva and its consolidated subsidiaries not exceed 0.60. At September 30, 2022, the company was in compliance with these covenants.

22

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 12 - COMMITMENTS AND CONTINGENT LIABILITIES

Guarantees

Indemnifications

In connection with acquisitions and divestitures, the company has indemnified respective parties against certain liabilities that may arise in connection with these transactions and business activities prior to the completion of the transactions. The term of these indemnifications, which typically pertain to environmental, tax and product liabilities, is generally indefinite. In addition, the company indemnifies its duly elected or appointed directors and officers to the fullest extent permitted by Delaware law, against liabilities incurred as a result of their activities for the company, such as adverse judgments relating to litigation matters. If the indemnified party were to incur a liability or have a liability increase as a result of a successful claim, pursuant to the terms of the indemnification, the company would be required to reimburse the indemnified party. The maximum amount of potential future payments is generally unlimited. See below for additional information relating to the indemnification obligations under the Chemours Separation Agreement and the Corteva Separation Agreement.

Obligations for Customers and Other Third Parties

The company has directly guaranteed various debt obligations under agreements with third parties related to customers and other third parties. At September 30, 2022, December 31, 2021 and September 30, 2021, the company had directly guaranteed $79 million, $105 million, and $107 million, respectively, of such obligations. These amounts represent the maximum potential amount of future (undiscounted) payments that the company could be required to make under the guarantees in the event of default by the guaranteed party. All of the maximum future payments at September 30, 2022 had terms less than one year. The maximum future payments include $19 million, $21 million and $22 million at September 30, 2022, December 31, 2021 and September 30, 2021, respectively, of guarantees related to the various factoring agreements that the company enters into with third-party financial institutions to sell its trade receivables. See Note 8 - Accounts and Notes Receivable - Net, to the interim Consolidated Financial Statements, for additional information.

The maximum future payments also include agreements with lenders to establish programs that provide financing for select customers. The terms of the guarantees are equivalent to the terms of the customer loans that are primarily made to finance customer invoices. The total amounts owed from customers to the lenders relating to these agreements was $560 million, $15 million and $615 million at September 30, 2022, December 31, 2021 and September 30, 2021, respectively.

The company assesses the payment/performance risk by assigning default rates based on the duration of the guarantees. These default rates are assigned based on the external credit rating of the counterparty or through internal credit analysis and historical default history for counterparties that do not have published credit ratings. For counterparties without an external rating or available credit history, a cumulative average default rate is used.

Indemnifications under Separation Agreements

The company has entered into various agreements where the company is indemnified for certain liabilities. The term of this indemnification is generally indefinite, with exceptions, and includes defense costs and expenses, as well as monetary and non-monetary settlements and judgments. In connection with the recognition of liabilities related to these matters, the company records an indemnification asset when recovery is deemed probable.

Chemours/Performance Chemicals

Pursuant to the Chemours Separation Agreement resulting from the 2015 spin-off of the Performance Chemicals segment from Historical DuPont, Chemours indemnifies the company against certain litigation, environmental, workers' compensation and other liabilities that arose prior to the distribution.

In 2017, the Chemours Separation Agreement was amended to provide for a limited sharing of potential future liabilities related to alleged historical releases of perfluorooctanoic acids and its ammonium salts (“PFOA”) for a five-year period that began on July 6, 2017. In addition, in 2017, Chemours and EID settled multi-district litigation in the U.S. District Court for the Southern District of Ohio (“Ohio MDL”), resolving claims of about 3,550 plaintiffs alleging injury from exposure to PFOA in drinking water as a result of the historical manufacture or use of PFOA at the Washington Works plant outside Parkersburg, West Virginia. This plant was previously owned and/or operated by the performance chemicals segment of EID and is now owned and/or operated by Chemours.

On May 13, 2019, Chemours filed suit in the Delaware Court of Chancery against DuPont, EID, and Corteva, seeking, among other things, to limit its responsibility for the litigation and environmental liabilities allocated to and assumed by Chemours under the Chemours Separation Agreement (the “Delaware Litigation”). On March 30, 2020, the Court of Chancery granted a

23

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

motion to dismiss. On December 15, 2020, the Delaware Supreme Court affirmed the judgment of the Court of Chancery. Meanwhile, a confidential arbitration process regarding the same and other claims proceeded (the “Arbitration”).

On January 22, 2021, Chemours, DuPont, Corteva and EID entered into a binding memorandum of understanding containing a settlement to resolve legal disputes originating from the Delaware Litigation and Arbitration, and to establish a cost sharing arrangement and escrow account to be used to support and manage potential future legacy per- and polyfluoroalkyl substances ("PFAS") liabilities arising out of pre-July 1, 2015 conduct (the “MOU”). The MOU replaces the 2017 amendment to the Chemours Separation Agreement. According to the terms of the cost sharing arrangement within the MOU, Corteva and DuPont together, on one hand, and Chemours, on the other hand, agreed to a 50-50 split of certain qualified expenses related to PFAS liabilities incurred over a term not to exceed twenty years or $4 billion of qualified spend and escrow account contributions (see below for discussion of the escrow account) in the aggregate. DuPont’s and Corteva’s 50% share under the MOU will be limited to $2 billion, including qualified expenses and escrow contributions. These expenses and escrow account contributions will be subject to the existing Letter Agreement, under which DuPont and Corteva will each bear 50% of the first $300 million (up to $150 million each), and thereafter DuPont bears 71% and Corteva bears the remaining 29%.

In order to support and manage any potential future PFAS liabilities, the parties have also agreed to establish an escrow account ("MOU Escrow Account"). The MOU provides that (1) no later than each of September 30, 2021 and September 30, 2022, Chemours shall deposit $100 million into an escrow account and DuPont and Corteva shall together deposit $100 million in the aggregate into an escrow account and (2) no later than September 30 of each subsequent year through and including 2028, Chemours shall deposit $50 million into an escrow account and DuPont and Corteva shall together deposit $50 million in the aggregate into an escrow account. Subject to the terms and conditions set forth in the MOU, each party may be permitted to defer funding in any year (excluding 2021). Over this period, Chemours will deposit a total of $500 million in the account and DuPont and Corteva will deposit an additional $500 million pursuant to the terms of the Letter Agreement. Additionally, if on December 31, 2028, the balance of the escrow account (including interest) is less than $700 million, Chemours will make 50% of the deposits and DuPont and Corteva together will make 50% of the deposits necessary to restore the balance of the escrow account to $700 million. Such payments will be made in a series of consecutive annual equal installments commencing on September 30, 2029 pursuant to the escrow account replenishment terms as set forth in the MOU. The MOU provides that no withdrawals from the MOU Escrow Account can be made before year six, except to fund mutually agreed upon third-party settlements in excess of $125 million. Starting with year six, withdrawals can only be made to fund qualified spend if the parties’ aggregate qualified spend in that particular year is greater than $200 million. Beginning with year 11, the amounts in the MOU Escrow Account can be used to fund any qualified spend.

The company made its annual installment deposits due to the MOU Escrow Account through September 30, 2022. These payments are classified as noncurrent restricted cash equivalents and included in other assets in the interim Consolidated Balance Sheets.

After the term of this arrangement, Chemours’ indemnification obligations under the original 2015 Chemours Separation Agreement, would continue unchanged, subject in each case to certain exceptions set out in the MOU. Under the MOU, Chemours waived specified claims regarding the construct of its 2015 spin-off transaction, and the parties will dismiss the Pending Arbitration regarding those claims. Additionally, the parties have agreed to resolve the Ohio MDL PFOA personal injury litigation (as discussed below). The parties are expected to cooperate in good faith to enter into additional agreements reflecting the terms set forth in the MOU.

Corteva Separation Agreement

On April 1, 2019, in connection with the Dow Distribution, Corteva, DuPont and Dow entered into the Corteva Separation Agreement, the Tax Matters Agreement, the Employee Matters Agreement, and certain other agreements (collectively, the “Corteva Separation Agreements”). The Corteva Separation Agreements allocate among Corteva, DuPont and Dow assets, employees, certain liabilities and obligations (including its investments, property and employee benefits and tax-related assets and liabilities) among the parties and provides for indemnification obligation among the parties. Under the Corteva Separation Agreements, DuPont will indemnify Corteva against certain litigation, environmental, tax, workers' compensation and other liabilities that arose prior to the Corteva Distribution and Dow indemnifies Corteva against certain litigation, environmental, tax, workers' compensation and other liabilities that relate to the Historical Dow business, and Corteva indemnifies DuPont and Dow for certain liabilities.

Under the Corteva Separation Agreement, certain legacy EID liabilities from discontinued and/or divested operations and businesses of EID (including Performance Chemicals) (a “stray liability”) were allocated to Corteva or DuPont. For those stray liabilities allocated to Corteva (which may include a specified amount of liability associated with that liability), Corteva is responsible for liabilities in an amount up to that specified amount plus an additional $200 million and, for those stray liabilities allocated to DuPont (which may include a specified amount of liability associated with that liability), DuPont is responsible for liabilities up to a specified amount plus an additional $200 million. Once each company has met the $200 million threshold,

24

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Corteva and DuPont will share future liabilities proportionally on the basis of 29% and 71%, respectively; provided, however, that for PFAS, DuPont will manage such liabilities with Corteva and DuPont sharing the costs on a 50% - 50% basis starting from $1 and up to $300 million (with such amount, up to $150 million, to be credited to each company’s $200 million threshold) and once the $300 million threshold is met, then the companies will share proportionally on the basis of 29% and 71% respectively, subject to a $1 million de minimis requirement. During the second quarter of 2021, the aggregate amount of the company’s cash spent and liabilities accrued exceeded the stray liability thresholds, including PFAS, noted above. Therefore, liabilities recognized subsequent to the second quarter of 2021 are shared at the reduced rates noted above.

At September 30, 2022, December 31, 2021, and September 30, 2021, the indemnification assets were $33 million, $25 million, and $25 million, respectively, within accounts and notes receivable - net and $91 million, $75 million, and $70 million, respectively, within other assets in the interim Consolidated Balance Sheets. At September 30, 2022, December 31, 2021, and September 30, 2021, the indemnification liabilities were $24 million, $20 million, and $54 million, respectively, within accrued and other current liabilities and $122 million, $117 million, and $90 million, respectively, within other noncurrent obligations in the interim Consolidated Balance Sheets.

Litigation

The company is subject to various legal proceedings, including, but not limited to, product liability, intellectual property, antitrust, commercial, property damage, personal injury, environmental and regulatory matters arising out of the normal course of its current businesses or legacy EID businesses unrelated to Corteva’s current businesses but allocated to Corteva as part of the separation of Corteva from DuPont. It is not possible to predict the outcome of these various proceedings, as considerable uncertainty exists. The company records accruals for legal matters when the information available indicates that it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Accruals may reflect the impact and status of negotiations, settlements, rulings, advice from counsel and other information and events that may pertain to a particular matter. For the litigation matters discussed below, management believes that it is reasonably possible that the company could incur liabilities in excess of amounts accrued, the ultimate liability for which could be material to the results of operations and the cash flows in the period recognized. However, the company is unable to estimate the possible loss beyond amounts accrued due to various reasons, including, among others, that the underlying matters are either in early stages and/or have significant factual issues to be resolved. In addition, even when the company believes it has substantial defenses, the company may consider settlement of matters if it believes it is in the best interest of the company.

Lorsban® Lawsuits

As of September 30, 2022, there were pending personal injury lawsuits filed and additional asserted claims against the former Dow Agrosciences LLC, alleging injuries related to chlorpyrifos exposure, the active ingredient in Lorsban®, an insecticide used by commercial farms for field fruit, nut and vegetable crops. Corteva ended its production of Lorsban® in 2020. Chlorpyrifos products are restricted-use pesticides, which are not available for purchase or use by the general public, and may only be sold to, and used by, certified applicators or someone under the certified applicator's direct supervision. These lawsuits do not relate to Dursban®, a residential type chlorpyrifos product that was authorized for indoor purposes, which was discontinued over two decades ago prior to the Merger and Corteva’s formation and Separation. Claimants allege personal injury, including autism, developmental delays and/or decreased neurologic function, resulting from farm worker exposure and bystander drift and in utero exposure to chlorpyrifos. Certain claimants have also put forth remediation claims due to alleged property contamination from chlorpyrifos. As of September 30, 2022, an accrual has been established for the estimated resolution of certain claims.

Litigation related to legacy EID businesses unrelated to Corteva’s current businesses

PFAS, PFOA, PFOS and Other Related Liabilities

For purposes of this report, the term PFOA means collectively perfluorooctanoic acid and its salts, including the ammonium salt and does not distinguish between the two forms, and PFAS, including PFOA, PFOS (perfluorooctanesulfonic acid), GenX and other perfluorinated chemicals and compounds ("PFCs").

EID is a party to various legal proceedings relating to the use of PFOA by its former Performance Chemicals segment for which potential liabilities would be subject to the cost sharing arrangement under the MOU as long as it remains effective.

Leach Settlement and Ohio MDL Settlement

EID has residual liabilities under its 2004 settlement of a West Virginia state court class action, Leach v. EID, which alleged that PFOA from EID’s former Washington Works facility had contaminated area drinking water supplies and affected the health of area residents. The settlement class has about 80,000 members. In addition to relief that was provided to class members years ago, the settlement requires EID to continue providing PFOA water treatment to six area water districts and private well users and to fund, through an escrow account, up to $235 million for a medical monitoring program for eligible

25

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

class members. As of September 30, 2022, approximately $2 million had been disbursed from the account since its establishment in 2012 and the remaining balance is approximately $1 million.

The Leach settlement permits class members to pursue personal injury claims for six health conditions (and no others) that an expert panel appointed under the settlement reported in 2012 had a “probable link” (as defined in the settlement) with PFOA: pregnancy-induced hypertension, including preeclampsia; kidney cancer; testicular cancer; thyroid disease; ulcerative colitis; and diagnosed high cholesterol. After the panel reported its findings, approximately 3,550 personal injury lawsuits were filed in federal and state courts in Ohio and West Virginia and consolidated in multi-district litigation in the U.S. District Court for the Southern District of Ohio (“Ohio MDL”). The Ohio MDL was settled in early 2017 for $670.7 million in cash, with Chemours and EID (without indemnification from Chemours) each paying half.

Post-MDL Settlement PFOA Personal Injury Claims

The 2017 Ohio MDL settlement did not resolve claims of plaintiffs who did not have claims in the Ohio MDL or whose claims are based on diseases first diagnosed after February 11, 2017. The first was a consolidated trial of two cases; the first, a kidney cancer case, which resulted in a hung jury, while the second, Travis and Julie Abbot v. E.I du Pont de Nemours and Company (the “Abbot Case”), a testicular cancer case, resulted in a jury verdict of $40 million in compensatory damages and $10 million for loss of consortium. The loss of consortium award was subsequently reduced to $250,000 in accordance with state law limitations. Following entry of the judgment by the court, EID filed post-trial motions to reduce the verdict, and to appeal the verdict on the basis of procedural and substantive legal errors made by the trial court. The company believes the merits of the appeal will be successful in reducing the jury verdict or eliminating its liability, in whole or part.

In January 2021, Chemours, DuPont and Corteva agreed to settle the remaining approximately 95 matters, as well as unfiled matters, remaining in the Ohio MDL, with the exception of the Abbot case, for $83 million, with Chemours contributing $29 million to the settlement, and DuPont and Corteva contributing $27 million each. The company paid $27 million during the year ended December 31, 2021. As agreed to in the settlement, the plaintiffs' counsel filed a motion to dissolve the MDL. EID has sought dissolution of the MDL from the judicial oversight panel responsible for the MDL.

Other PFOA Matters

EID is a party to other PFOA lawsuits involving claims for property damage, medical monitoring and personal injury. Defense costs and any future liabilities that may arise out of these lawsuits are subject to the MOU and the cost sharing arrangement disclosed above. Under the MOU, fraudulent conveyance claims associated with these matters are not qualified expenses, unless Corteva, Inc. and EID would prevail on the merits of these claims.

New York. EID is a defendant in about 45 lawsuits, including a putative class action (the "Baker Class Action"), brought by persons who live in and around Hoosick Falls, New York. These lawsuits assert claims for medical monitoring, property damage and personal injury based on alleged PFOA releases from manufacturing facilities owned and operated by co-defendants in Hoosick Falls. The lawsuits allege that EID and others supplied materials used at these facilities resulting in PFOA air and water contamination. A court approved settlement was reached between the plaintiffs and the other co-defendants regarding the Baker Class Action case. In September 2022, the class certification of the Baker Class Action was granted, with the court certifying three separate classes consisting of a private well property damage class, a medical monitoring class and a nuisance class. EID will challenge the certification, and continue to defend itself on the merits of the case, while seeking an out of court resolution.

EID is also one of more than ten defendants in a lawsuit brought by the Town of East Hampton, New York alleging PFOA and PFOS contamination of the town’s well water. Additionally, EID along with Chemours and others, have been named defendants in complaints filed by 11 water districts in Nassau County, New York alleging that the drinking water they provide to customers is contaminated with PFAS and seeking reimbursement for clean-up costs. The water district complaints also include allegations of fraudulent transfer.

New Jersey. As of September 30, 2022, two lawsuits were pending, one brought by a local water utility and the second a putative class action, against EID alleging that PFOA from EID’s former Chambers Works facility contaminated drinking water sources. The putative class action was voluntarily dismissed without prejudice by the plaintiff.

In late March of 2019, the New Jersey State Attorney General filed four lawsuits against EID, Chemours, and others alleging that operations at and discharges from former EID sites in New Jersey (Chambers Works, Pompton Lakes, Parlin and Repauno) damaged the State’s natural resources. Two of these lawsuits (those involving the Chambers Works and Parlin sites) allege contamination from PFAS. The Ridgewood Water District in New Jersey filed suit in the first quarter 2019 against EID, Chemours, and others alleging losses related to the investigation, remediation and monitoring of polyfluorinated surfactants, including PFOA, in water supplies. DuPont and Corteva were subsequently

26

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

added as defendants to these lawsuits. These lawsuits include claims under the New Jersey Industrial Site Recovery Act ("ISRA") and for fraudulent conveyance.

Alabama / Georgia / Others. EID is one of more than 30 defendants in lawsuits by Alabama and Georgia water utilities alleging contamination from PFCs, including PFOA, used by co-defendant carpet manufacturers to make their products more stain and grease resistant. In addition, the states of Alaska, Florida, Michigan, Mississippi, New Hampshire, North Carolina, South Dakota, Vermont and Wisconsin filed lawsuits against EID, Chemours, and others, claiming, among other things, PFC (including PFOA) contamination of groundwater and drinking water. The complaints seek reimbursement for past and future costs to investigate and remediate the alleged contamination and compensation for the loss of value and use of the state’s natural resources. Motions to dismiss the Michigan, Vermont and New Hampshire cases have been denied.

Ohio. EID is a defendant in three lawsuits, including an action by the State of Ohio based on alleged damage to natural resources, and an action by the City of Dayton claiming losses related to the investigation, remediation and monitoring of PFAS in water supplies. The trial with respect to the natural resources lawsuit is scheduled for February 2024. The third lawsuit, a putative nationwide class action brought on behalf of anyone who has detectable levels of PFAS in their blood serum seeks declaratory and injunctive relief, including the establishment of a “PFAS Science Panel.” In March 2022, the trial court certified a class covering anyone subject to Ohio laws having minimal levels of PFOA plus at least one other PFAS in their blood. The trial court requested further briefing on whether the class should be extended to include other states that recognize analogous claims for relief. Because EID and the other defendants were granted permission by the court to appeal the class certification decision, further briefing on the extension of the class for the trial court has been paused subject to the outcome of the appeal.

Netherlands. In April 2021, four municipalities in the Netherlands filed complaints alleging contamination of land and groundwater resulting from the emission of PFOA and GenX by Corteva, DuPont and Chemours. The municipalities seek to recover costs incurred due to the alleged emissions, including damages for investigation costs, construction project delays, depreciation of land, soil remediation, liabilities to contractors, and attorneys’ fees. In September 2022, the court ordered a hearing on the merits to occur by May 2023.

Delaware. On July 13, 2021, Chemours, DuPont, EID and Corteva entered into a settlement agreement with the State of Delaware reflecting the companies’ and the State’s agreement to settle and fully resolve claims alleged against the companies regarding their historical Delaware operations, manufacturing, use and disposal of all chemical compounds, including PFAS. Under the settlement, the companies will collectively pay $50 million to fund environmental projects, including sampling and community environmental justice and equity grants, which shall be utilized to fund the Natural Resources and Sustainability Trust (the “NRS Trust”). If the companies, individually or jointly, within 8 years of the settlement, enter into a proportionally similar agreement to settle or resolve claims of another state for PFAS-related natural resource damages, for an amount greater than $50 million, the companies shall make a supplemental payment directly to the NRS Trust (“Supplemental Payment”) in an amount equal to such other states’ recovery in excess of $50 million. Supplemental Payment(s), if any, will not exceed $25 million in the aggregate. All amounts paid by the companies under the settlement are subject to the MOU and the Corteva Separation Agreement with Chemours bearing responsibility for 50%, or $25 million, of the $50 million payment due to the NRS Trust and DuPont and Corteva each bearing $12.5 million of the remaining amount, which Corteva paid in January 2022. During the three months ended September 30, 2021, the company recorded a charge of $11 million to (loss) income from discontinued operations after income taxes in the interim Consolidated Statement of Operations, related to the settlement. Under the settlement, if the state sues other parties and those parties seek contribution from the companies, the companies will have protection from contribution up to the amounts previously paid under the settlement agreement. The companies will also receive a credit up to the amount of the payment if the state seeks natural resource damage claims against the companies outside the scope of the settlement’s release of claims.

Aqueous Firefighting Foams. Approximately 3,100 cases have been filed against 3M and other defendants, including EID and Chemours, and some including Corteva and DuPont, alleging PFOS or PFOA contamination of soil and groundwater from the use of aqueous firefighting foams. Most of those cases claim some form of property damage and seek to recover the costs of responding to this contamination and damages for the loss of use and enjoyment of property and diminution in value. Most of these cases have been transferred to a multi-district litigation proceeding in federal district court in South Carolina. Approximately 2,800 of these cases were filed on behalf of firefighters who allege personal injuries (primarily kidney and testicular cancer) as a result of aqueous firefighting foams. Approximately 230 of these cases were filed by water utility or municipal water districts. Most of these recent cases assert claims that the EID and Chemours separation constituted a fraudulent conveyance. The Stuart, Florida water district "bellwether" trial is scheduled for June 2023. The court has encouraged all parties to discuss resolution of the

27

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

water utility and water district category of cases. Consistent with the Court's instruction and under the mutual obligations of the MOU, Corteva, EID, DuPont and Chemours have engaged with the plaintiff's counsel on these cases.

EID did not make firefighting foams, PFOS, or PFOS products. While EID made surfactants and intermediaries that some manufacturers used in making foams, which may have contained PFOA as an unintended byproduct or an impurity, EID’s products were not formulated with PFOA, nor was PFOA an ingredient of these products. EID has never made or sold PFOA as a commercial product.

In June 2022, the U.S. Environmental Protection Agency ("EPA") published interim health advisories for PFOA and PFOS lowering previous health advisory guidance for drinking water. Health advisories provide drinking water system operators, and state, tribal, and local officials who have the primary responsibility for overseeing these systems, with information on the health risks related to chemicals, so appropriate actions may be taken to protect their constituents. The advisories are not regulations or legally enforceable Federal standards, except as it relates to the Consent Order between Chemours and the North Carolina Department of Environmental Quality (“NC DEQ”), and were published without engagement in the public comment process required for developing regulations. Health advisories are subject to revision as additional information becomes available and the company continues to monitor these developments. The American Chemistry Council (“ACC”) filed a challenge to the health advisories asserting that EPA failed to follow its own rules in issuing the health advisory guidance, did so against the objections of its own PFAS advisory panel, and bypassed the Congress. The EPA moved to dismiss this challenge arguing that the challenge is premature due to the lack of standing (no showing of actual harm) by ACC members and because of the interim nature of the advisories.

Fayetteville Works Facility, North Carolina

Prior to the separation of Chemours, EID introduced GenX as a polymerization processing aid and a replacement for PFOA at the Fayetteville Works facility in Bladen County, North Carolina. The facility is now owned and operated by Chemours, which continues to manufacture and use GenX. In June 2022, the EPA issued a final health advisory for drinking water related to GenX. In July 2022, Chemours filed a petition in federal court for review of the EPA's GenX compounds health advisory.

At September 30, 2022, several actions are pending in federal court against Chemours and EID relating to PFC discharges from the Fayetteville Works facility. One of these is a consolidated putative class action that asserts claims for medical monitoring and property damage on behalf of putative classes of property owners and residents in areas near or who draw drinking water from the Cape Fear River. Another action is a consolidated action brought by various North Carolina water authorities, including the Cape Fear Public Utility Authority and Brunswick County, that seek actual and punitive damages as well as injunctive relief. In another action over approximately 100 property owners near the Fayetteville Works facility filed a complaint against Chemours and EID in May 2020. The plaintiffs seek compensatory and punitive damages for their claims of private nuisance, trespass, and negligence allegedly caused by release of PFAS.

In addition to the federal court actions, there is an action on behalf of about 100 plaintiffs who own wells and property near the Fayetteville Works facility. The plaintiffs seek damages for nuisance allegedly caused by releases of certain PFCs from the site.

Generally, site-related expenses related to GenX claims are subject to the cost sharing arrangements as defined in the MOU.

Environmental

Accruals for environmental matters are recorded when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated based on current law and existing technologies. These obligations are included in accrued and other current liabilities and other noncurrent obligations in the interim Consolidated Balance Sheets. It is reasonably possible that environmental remediation and restoration costs in excess of amounts accrued could have a material impact on the company’s results of operations, financial condition and cash flows. Inherent uncertainties exist in these estimates primarily due to unknown conditions, changing governmental regulations and legal standards regarding liability, and emerging remediation technologies for handling site remediation and restoration.

For a discussion of the allocation of environmental liabilities under the Chemours Separation Agreement and the Corteva Separation Agreement, see page 23.

28

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

During the three and nine months ended September 30, 2022, the company recorded charges of $5 million and $32 million, respectively, and during the three and nine months ended September 30, 2021, the company recorded charges of $8 million and $45 million, respectively, to (loss) income from discontinued operations after income taxes in the interim Consolidated Statement of Operations, related to the MOU. The charges during the three and nine months ended September 30, 2022 and 2021, primarily related to an increase in the environmental remediation accrual for Chemours’ Fayetteville Works facility for estimated costs for off-site water systems and on-site surface water and groundwater remediation to address and abate PFAS discharges arising out of pre-July 1, 2015 conduct. The increase is the result of changes in Chemours’ environmental remediation activities at the site under the Consent Order between Chemours and the NC DEQ.

The accrued environmental obligations and indemnification assets include the following:

	As of September 30, 2022
(In millions)	Indemnification Asset		Accrual balance3		Potential exposure above amount accrued3
Environmental Remediation Stray Liabilities
Chemours related obligations - subject to indemnity1,2	$	155	$	155	$	266
Other discontinued or divested businesses obligations1	24		77		185
Environmental remediation liabilities primarily related to DuPont - subject to indemnity from DuPont2	45		46		62
Environmental remediation liabilities not subject to indemnity	—		80		54
Indemnification liabilities related to the MOU4	21		125		29
Total	$	245	$	483	$	596

1.Represents liabilities that are subject to the $200 million threshold and sharing arrangements as discussed on page 24, under the header "Corteva Separation Agreement."

2.The company has recorded an indemnification asset related to these accruals, including $36 million related to the Superfund sites.

3.Accrual balance represents management’s best estimate of the costs of remediation and restoration, although it is reasonably possible that the potential exposure, as indicated, could range above the amounts accrued, as there are inherent uncertainties in these estimates. Accrual balances includes $67 million for remediation of Superfund sites. Amounts do not include possible impacts from the remediation elements of the EPA's October 2021 PFAS Strategic Roadmap (as applicable), except as disclosed on page 28 relating to Chemours' remediation activities at the Fayetteville Works Facility pursuant to the Consent Order with the NC DEQ.

4.Represents liabilities that are subject to the $150 million threshold and sharing agreements as discussed on page 23, under the header "Chemours / Performance Chemicals."

Chambers Works, New Jersey

On January 28, 2022, the State of New Jersey filed a request for a preliminary injunction against EID and Chemours seeking the establishment of a Remediation Funding Source ("RFS") in an amount exceeding $900 million for environmental remediation at EID's former Chambers Works facility in New Jersey. The RFS primarily relates to non-PFAS remediation, which is not subject to the MOU. Chemours has accepted indemnity and defense for these matters, while reserving rights and declining demand relating to the ISRA and fraudulent transfer matters as alleged under the existing New Jersey natural resource lawsuits discussed on page 26.

29

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 13 - STOCKHOLDERS' EQUITY

Share Buyback Plan

On September 13, 2022, Corteva, Inc. announced that its Board of Directors authorized a $2 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2022 Share Buyback Plan").

On August 5, 2021, Corteva, Inc. announced that its Board of Directors authorized a $1.5 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2021 Share Buyback Plan"). In connection with the 2021 Share Buyback Plan, the company repurchased and retired 3,414,000 shares and 14,284,000 shares in the open market for a total cost of $200 million and $800 million during the three and nine months ended September 30, 2022, respectively.

On June 26, 2019, Corteva, Inc. announced that its Board of Directors authorized a $1 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2019 Share Buyback Plan"). In connection with the 2019 Share Buyback Plan, the company repurchased and retired 3,408,000 shares and 15,378,000 shares in the open market for a total cost of $150 million and $700 million during the three and nine months ended September 30, 2021, respectively. Repurchases under the 2019 Share Buyback Plan were completed during the third quarter of 2021.

The timing, price and volume of purchases in connection with the 2022 and 2021 Share Buyback Plans will be based on market conditions, relevant securities laws and other factors.

Shares repurchased pursuant to Corteva's share buyback plans are immediately retired upon repurchase. Repurchased common stock is reflected as a reduction of stockholders' equity. The company's accounting policy related to its share repurchases is to reduce its common stock based on the par value of the shares and to reduce its retained earnings for the excess of the repurchase price over the par value. When Corteva has an accumulated deficit balance, the excess over the par value is applied to APIC. When Corteva has retained earnings, the excess is charged entirely to retained earnings.

Noncontrolling Interest

Corteva, Inc. owns 100 percent of the outstanding common shares of EID. However, EID has preferred stock outstanding to third parties which is accounted for as a non-controlling interest in Corteva's interim Consolidated Balance Sheets. Each share of EID Preferred Stock - $4.50 Series and EID Preferred Stock - $3.50 Series issued and outstanding at the effective date of the Corteva Distribution remains issued and outstanding as to EID and was unaffected by the Corteva Distribution.

Below is a summary of the EID Preferred Stock at September 30, 2022, December 31, 2021, and September 30, 2021, which is classified as noncontrolling interests in Corteva's interim Consolidated Balance Sheets.

Shares in thousands	Number of Shares
Authorized	23,000
$4.50 Series, callable at $120	1,673
$3.50 Series, callable at $102	700

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NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Other Comprehensive Income (Loss)

The changes and after-tax balances of components comprising accumulated other comprehensive income (loss) are summarized below:

(In millions)	Cumulative Translation Adjustment1		Derivative Instruments		Pension Benefit Plans		Other Benefit Plans		Unrealized Gain (Loss) on Investments		Total
2021
Balance January 1, 2021	$	(1,970)	$	(67)	$	(1,433)	$	590	$	(10)	$	(2,890)
Other comprehensive income (loss) before reclassifications	(424)		115		(6)		1		3		(311)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(8)		32		(475)		7		(444)
Net other comprehensive income (loss)	(424)		107		26		(474)		10		(755)
Balance September 30, 2021	$	(2,394)	$	40	$	(1,407)	$	116	$	—	$	(3,645)
2022
Balance January 1, 2022	$	(2,543)	$	72	$	(396)	$	(31)	$	—	$	(2,898)
Other comprehensive income (loss) before reclassifications	(868)		92		107		3		—		(666)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(50)		21		1		—		(28)
Net other comprehensive income (loss)	(868)		42		128		4		—		(694)
Balance September 30, 2022	$	(3,411)	$	114	$	(268)	$	(27)	$	—	$	(3,592)

1.The cumulative translation adjustment gain for the nine months ended September 30, 2022 was primarily driven by strengthening of the USD against the European Euro ("EUR"), Swiss Franc ("CHF"), Indian Rupee ("INR") and South African Rand ("ZAR"). The cumulative translation adjustment loss for the nine months ended September 30, 2021 was primarily driven by strengthening of the USD against the European Euro ("EUR"), Swiss Franc ("CHF") and Brazilian Real ("BRL").

The tax (expense) benefit on the net activity related to each component of other comprehensive income (loss) was as follows:

(In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Derivative instruments	$	(13)	$	(12)	$	(13)	$	(37)
Pension benefit plans - net	(30)		(3)		(35)		(8)
Other benefit plans - net	—		51		3		148
(Provision for) benefit from income taxes related to other comprehensive income (loss) items	$	(43)	$	36	$	(45)	$	103

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NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

A summary of the reclassifications out of accumulated other comprehensive income (loss) is provided as follows:

(In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Derivative Instruments1:	$	33	$	6	$	(68)	$	(9)
Tax (benefit) expense2	(5)		(1)		18		1
After-tax	$	28	$	5	$	(50)	$	(8)
Amortization of pension benefit plans:
Prior service (benefit) cost3,4	$	—	$	—	$	(2)	$	(1)
Actuarial (gains) losses3,4	—		14		2		41
Settlement (gain) loss3,4	25		—		27		1
Total before tax	$	25	$	14	$	27	$	41
Tax (benefit) expense2	(6)		(3)		(6)		(9)
After-tax	$	19	$	11	$	21	$	32
Amortization of other benefit plans:
Prior service (benefit) cost3,4	$	—	$	(231)	$	(1)	$	(692)
Actuarial (gains) loss3,4	1		23		2		70
Curtailment (gain) loss	—		—		—		(1)
Total before tax	$	1	$	(208)	$	1	$	(623)
Tax (benefit) expense2	—		51		—		148
After-tax	$	1	$	(157)	$	1	$	(475)
Unrealized Loss on Investments4	$	—	$	—	$	—	$	7
Tax (benefit) expense2	—		—		—		—
After-tax	$	—	$	—	$	—	$	7
Total reclassifications for the period, after-tax	$	48	$	(141)	$	(28)	$	(444)

1.Reflected in cost of goods sold in the interim Consolidated Statements of Operations.

2.Reflected in provision for (benefit from) income taxes from continuing operations in the interim Consolidated Statements of Operations.

3.These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit credit of the company's pension and other benefit plans. See Note 14 - Pension Plans and Other Post Employment Benefits, for additional information.

4.Reflected in other income - net in the interim Consolidated Statements of Operations.

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NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 14 - PENSION PLANS AND OTHER POST EMPLOYMENT BENEFITS

The following sets forth the components of the company's net periodic benefit (credit) cost for defined benefit pension plans and other post employment benefits:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Defined Benefit Pension Plans:
Service cost	$	5	$	7	$	14	$	19
Interest cost	126		91		343		273
Expected return on plan assets	(180)		(228)		(560)		(686)
Amortization of unrecognized (gain) loss	—		14		2		41
Amortization of prior service (benefit) cost	—		—		(2)		(1)
Settlement loss	25		—		27		1
Net periodic benefit (credit) cost	$	(24)	$	(116)	$	(176)	$	(353)
Other Post Employment Benefits:
Service cost	$	—	$	1	$	1	$	1
Interest cost	6		5		19		16
Amortization of unrecognized (gain) loss	1		23		2		70
Amortization of prior service (benefit) cost	—		(231)		(1)		(692)
Curtailment (gain) loss	—		—		—		(1)
Net periodic benefit (credit) cost	$	7	$	(202)	$	21	$	(606)

In August 2022, the company transferred approximately $1.1 billion of certain benefit obligations and associated plan assets in the principal U.S. pension plan (the “Plan”) to an insurance company through the purchase of a nonparticipating group annuity contract (“Annuity Purchase”). The company recorded a non-cash, pre-tax settlement charge of approximately $25 million in other income – net in the interim Consolidated Statements of Operations for the three and nine months ended September 30, 2022 and corresponding adjustment to accumulated other comprehensive income (loss) in the interim Consolidated Balance Sheets at September 30, 2022 due to the Annuity Purchase. The Annuity Purchase resulted in a remeasurement of the Plan as of August 31, 2022 and the company updated the weighted average discount rate used in developing the 2022 net periodic pension (credit) costs at December 31, 2021 from 2.82 percent to 4.60 percent. Due to the remeasurement, the company recorded a pre-tax actuarial gain of approximately $110 million to accumulated other comprehensive income (loss) in the interim Consolidated Balance Sheets at September 30, 2022.

NOTE 15 - FINANCIAL INSTRUMENTS

At September 30, 2022, December 31, 2021 and September 30, 2021, the company had $921 million, $3,400 million and $2,108 million, respectively, of held-to-maturity securities (primarily time deposits and money market funds) classified as cash equivalents in the interim Consolidated Balance Sheets, as these securities had maturities of three months or less at the time of purchase; $119 million, $86 million and $103 million at September 30, 2022, December 31, 2021 and September 30, 2021, respectively, of held-to-maturity securities (primarily time deposits and foreign government bonds) classified as marketable securities in the interim Consolidated Balance Sheets, as these securities had maturities of more than three months to less than one year at the time of purchase; and $24 million at September 30, 2022 of held-to-maturity securities (primarily foreign government bonds) classified as marketable securities and included in other assets in the interim Consolidated Balance Sheets, as these securities had maturities more than one year at the time of purchase. The company’s investments in held-to-maturity securities are held at amortized cost, which approximates fair value. The company’s held-to-maturity securities relating to investments in foreign government bonds at September 30, 2022 and available-for-sale securities sold during the nine months ended September 30, 2021 are discussed further in the “Debt Securities” section.

Derivative Instruments

Objectives and Strategies for Holding Derivative Instruments

In the ordinary course of business, the company enters into contractual arrangements (derivatives) to reduce its exposure to foreign currency and commodity price risks. The company has established a variety of derivative programs to be utilized for financial risk management. These programs reflect varying levels of exposure coverage and time horizons based on an assessment of risk.

33

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Derivative programs have procedures and controls and are approved by the Corporate Financial Risk Management Committee, consistent with the company's financial risk management policies and guidelines. Derivative instruments used are forwards, options, futures and swaps. The company has not designated any non-derivatives as hedging instruments.

The company's financial risk management procedures also address counterparty credit approval, limits and routine exposure monitoring and reporting. The counterparties to these contractual arrangements are major financial institutions and major commodity exchanges, and multinational grain exporters. The company is exposed to credit loss in the event of nonperformance by these counterparties. The company utilizes collateral support annex agreements with certain counterparties to limit its exposure to credit losses. The company anticipates performance by counterparties to these contracts and therefore no material loss is expected. Market and counterparty credit risks associated with these instruments are regularly reported to management.

The notional amounts of the company's derivative instruments were as follows:

Notional Amounts (In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Derivatives designated as hedging instruments:
Foreign currency contracts	$	948	$	1,252	$	1,227
Commodity contracts	$	1,424	$	845	$	262
Derivatives not designated as hedging instruments:
Foreign currency contracts	$	1,371	$	103	$	1,164
Commodity contracts	$	3	$	4	$	7

Foreign Currency Risk

The company's objective in managing exposure to foreign currency fluctuations is to reduce earnings and cash flow volatility associated with foreign currency rate changes and to mitigate the exposure of certain investments in foreign subsidiaries against changes in the Euro/USD exchange rate. Accordingly, the company enters into various contracts that change in value as foreign exchange rates change to protect the value of its existing foreign currency-denominated assets, liabilities, commitments, investments and cash flows.

The company uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency denominated monetary assets and liabilities of its operations. The primary business objective of this hedging program is to maintain an approximately balanced position in foreign currencies so that exchange gains and losses resulting from exchange rate changes, after related tax effects, are minimized. The company also uses foreign currency exchange contracts to offset a portion of the company’s exposure to certain forecasted transactions as well as the translation of foreign currency-denominated earnings. The company also uses commodity contracts to offset risks associated with foreign currency devaluation in certain countries.

Commodity Price Risk

Commodity price risk management programs serve to reduce exposure to price fluctuations on purchases of inventory such as corn and soybeans. The company enters into over-the-counter and exchange-traded derivative commodity instruments to hedge the commodity price risk associated with agricultural commodity exposures.

Derivatives Designated as Cash Flow Hedges

Commodity Contracts

The company enters into over-the-counter and exchange-traded derivative commodity instruments, including options, forwards, futures and swaps, to hedge the commodity price risk associated with agriculture commodity exposures.

While each risk management program has a different time maturity period, most programs currently do not extend beyond the next two years. Cash flow hedge results are reclassified into earnings during the same period in which the related exposure impacts earnings. Reclassifications are made sooner if it appears that a forecasted transaction is probable of not occurring.

34

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The following table summarizes the after-tax effect of commodity contract cash flow hedges on accumulated other comprehensive income (loss):

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Beginning balance	$	81	$	73	$	47	$	(16)
Additions and revaluations of derivatives designated as cash flow hedges	(25)		(10)		91		93
Clearance of hedge results to earnings	(4)		(4)		(86)		(18)
Ending balance	$	52	$	59	$	52	$	59

At September 30, 2022, an after-tax net gain of $50 million is expected to be reclassified from accumulated other comprehensive income (loss) into earnings over the next twelve months.

Foreign Currency Contracts

The company enters into forward contracts to hedge the foreign currency risk associated with forecasted transactions within certain foreign subsidiaries.

While each risk management program has a different time maturity period, most programs currently do not extend beyond the next two years. Cash flow hedge results are reclassified into earnings during the same period in which the related exposure impacts earnings. Reclassifications are made sooner if it appears that a forecasted transaction is probable of not occurring.

The following table summarizes the after-tax effect of foreign currency cash flow hedges on accumulated other comprehensive income (loss):

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Beginning balance	$	(31)	$	(21)	$	32	$	(17)
Additions and revaluations of derivatives designated as cash flow hedges	11		8		(56)		3
Clearance of hedge results to earnings	32		9		36		10
Ending balance	$	12	$	(4)	$	12	$	(4)

At September 30, 2022, an after-tax net gain of $8 million is expected to be reclassified from accumulated other comprehensive income (loss) into earnings over the next twelve months.

Derivatives Designated as Net Investment Hedges

Foreign Currency Contracts

The company has designated €450 million of forward contracts to exchange EUR as net investment hedges. The purpose of these forward contracts is to mitigate FX exposure related to a portion of the company’s Euro net investments in certain foreign subsidiaries against changes in Euro/USD exchange rates. These hedges will expire and be settled in 2023, unless terminated early at the discretion of the company.

The company elected to apply the spot method in testing for effectiveness of the hedging relationship.

Derivatives not Designated in Hedging Relationships

Foreign Currency Contracts

The company uses foreign exchange contracts to reduce its net exposure, by currency, related to foreign currency-denominated monetary assets and liabilities of its operations so that exchange gains and losses resulting from exchange rate changes are minimized. The netting of such exposures precludes the use of hedge accounting; however, the required revaluation of the forward contracts and the associated foreign currency-denominated monetary assets and liabilities intends to achieve a minimal earnings impact, after taxes. The company also uses foreign currency exchange contracts to offset a portion of the company’s exposure to the translation of certain foreign currency-denominated earnings so that gains and losses on the contracts offset changes in the USD value of the related foreign currency-denominated earnings over the relevant aggregate period.

35

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Commodity Contracts

The company utilizes options, futures and swaps that are not designated as hedging instruments to reduce exposure to commodity price fluctuations on purchases of inventory such as corn and soybeans. The company uses forward agreements, with durations less than one year, to buy and sell USD priced commodities in order to reduce its exposure to currency devaluation for a portion of its local currency cash balances. Counterparties to the forward sales agreements are multinational grain exporters and subject to the company’s financial risk management procedures.

Fair Value of Derivative Instruments

Asset and liability derivatives subject to an enforceable master netting arrangement with the same counterparty are presented on a net basis in the interim Consolidated Balance Sheets. The presentation of the company's derivative assets and liabilities is as follows:

		September 30, 2022
(In millions)	Balance Sheet Location	Gross		Counterparty and Cash Collateral Netting1		Net Amounts Included in the interim Consolidated Balance Sheet
Asset derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	101	$	—	$	101
Commodity contracts	Other current assets	3		—		3
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	112		(58)		54
Total asset derivatives		$	216	$	(58)	$	158
Liability derivatives:
Derivatives designated as hedging instruments:
Commodity contracts	Accrued and other current liabilities	2		—		2
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	63		(58)		5
Total liability derivatives		$	65	$	(58)	$	7

36

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

		December 31, 2021
(In millions)	Balance Sheet Location	Gross		Counterparty and Cash Collateral Netting1		Net Amounts Included in the Consolidated Balance Sheet
Asset derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	37	$	—	$	37
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	31		(20)		11
Commodity contracts	Other current assets	3		—		3
Total asset derivatives		$	71	$	(20)	$	51
Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	$	1	$	—	$	1
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	23		(20)		3
Commodity contracts	Accrued and other current liabilities	2		—		2
Total liability derivatives		$	26	$	(20)	$	6

		September 30, 2021
(In millions)	Balance Sheet Location	Gross		Counterparty and Cash Collateral Netting1		Net Amounts Included in the interim Consolidated Balance Sheet
Asset derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	20	$	—	$	20
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	37		(23)		14
Total asset derivatives		$	57	$	(23)	$	34
Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	$	9	$	—	$	9
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	31		(23)		8
Total liability derivatives		$	40	$	(23)	$	17

1.    Counterparty and cash collateral amounts represent the estimated net settlement amount when applying netting and set-off rights included in master netting arrangements between the company and its counterparties and the payable or receivable for cash collateral held or placed with the same counterparty.

37

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Effect of Derivative Instruments

	Amount of Gain (Loss) Recognized in OCI - Pre-Tax1
	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Derivatives designated as hedging instruments:
Net investment hedges:
Foreign currency contracts	$	47	$	10	$	74	$	24
Cash flow hedges:
Foreign currency contracts	13		18		(68)		12
Commodity contracts	(30)		(11)		117		117
Total derivatives designated as hedging instruments	$	30	$	17	$	123	$	153

1.OCI is defined as other comprehensive income (loss).

	Amount of Gain (Loss) Recognized in Income - Pre-Tax1
	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign currency contracts2	$	(39)	$	(10)	$	(44)	$	(11)
Commodity contracts2	6		4		112		20
Total derivatives designated as hedging instruments	$	(33)	$	(6)	$	68	$	9
Derivatives not designated as hedging instruments:
Foreign currency contracts3	$	67	$	34	$	24	$	—
Foreign currency contracts2	4		12		(1)		(16)
Commodity contracts2	5		(1)		(21)		(18)
Total derivatives not designated as hedging instruments	76		45		2		(34)
Total derivatives	$	43	$	39	$	70	$	(25)

1.For cash flow hedges, this represents the portion of the gain (loss) reclassified from accumulated OCI into income during the period.

2.Recorded in cost of goods sold in the interim Consolidated Statements of Operations.

3.Gain recognized in other income - net was partially offset by the related gain on the foreign currency-denominated monetary assets and liabilities of the company's operations. See Note 5 - Supplementary Information, to the interim Consolidated Financial Statements, for additional information.

Debt Securities

The company’s debt securities at September 30, 2022 include foreign government bonds classified as held-to-maturity securities. The company’s investments in held-to-maturity securities are held at amortized cost, which approximates fair value, and are held by certain foreign subsidiaries in which the USD is the functional currency.

During the three and nine months ended September 30, 2021, the company sold its U.S. treasuries classified as available-for-sale securities.The estimated fair value of the available-for-sale securities that were sold during the nine months ended September 30, 2021 was determined using Level 1 inputs within the fair value hierarchy. Level 1 measurements were based on quoted market prices in active markets for identical assets and liabilities. The available-for-sale securities that were sold during the three and nine months ended September 30, 2021 were held by certain foreign subsidiaries in which the USD is not the functional currency. The fluctuations in foreign exchange were initially recorded in accumulated other comprehensive income (loss) within the interim Consolidated Statements of Equity and subsequently reclassified to earnings when sold. The gains and losses on these securities offset a portion of the foreign exchange fluctuations in earnings for the company.

38

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The following table provides the investing results from available-for-sale securities for the nine months ended September 30, 2021:

Investing Results	Nine months Ended September 30,
(In millions)	2021
Proceeds from sales of available-for-sale securities	$	226
Gross realized losses	$	(7)

The following table summarizes the contractual maturities of the company's investments in debt securities at September 30, 2022:

Contractual Maturities of Debt Securities1 (In millions)	Amortization Cost		Fair Value
Within one year	$	86	$	86
One to Five years	$	24	$	24

1.The company's debt securities at September 30, 2022 consists of foreign government bonds, which are classified as held-to-maturity.

NOTE 16 - FAIR VALUE MEASUREMENTS

The following tables summarize the basis used to measure certain assets and liabilities at fair value on a recurring basis:

September 30, 2022	Significant Other Observable Inputs
(In millions)	Level 1		Level 2
Assets at fair value:
Marketable securities	$	—	$	119
Derivatives relating to:1
Foreign currency	—		213
Commodity contracts	—		3
Total assets at fair value	$	—	$	335
Liabilities at fair value:
Derivatives relating to:1
Foreign currency	—		63
Commodity contracts	—		2
Total liabilities at fair value	$	—	$	65

December 31, 2021	Significant Other Observable Inputs
(In millions)	Level 1		Level 2
Assets at fair value:
Marketable securities	$	—	$	86
Derivatives relating to:1
Foreign currency	—		68
Equity securities2	48		—
Total assets at fair value	$	48	$	154
Liabilities at fair value:
Derivatives relating to:1
Foreign currency	—		24
Total liabilities at fair value	$	—	$	24

39

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

September 30, 2021	Significant Other Observable Inputs
(In millions)	Level 1		Level 2
Assets at fair value:
Marketable securities	$	—	$	103
Derivatives relating to:1
Foreign currency	—		57
Equity Securities2	75		—
Total assets at fair value	$	75	$	160
Liabilities at fair value:
Derivatives relating to:1
Foreign currency	—		40
Total liabilities at fair value	$	—	$	40

1.See Note 15 - Financial Instruments for the classification of derivatives in the interim Consolidated Balance Sheets.

2.The company's equity securities are included in other assets in the interim Consolidated Balance Sheets.

NOTE 17 - SEGMENT INFORMATION

Corteva’s reportable segments reflects the manner in which its chief operating decision maker ("CODM") allocates resources and assesses performance, which is at the operating segment level (seed and crop protection). For purposes of allocating resources to the segments and assessing segment performance, segment operating EBITDA is the primary measure used by Corteva’s CODM. The company defines segment operating EBITDA as earnings (loss) (i.e., income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, corporate expenses, non-operating benefits (costs), foreign exchange gains (losses), and net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting, excluding the impact of significant items. Non-operating benefits (costs) consists of non-operating pension and other post-employment benefit (OPEB) benefits (costs), tax indemnification adjustments and environmental remediation and legal costs associated with legacy EID businesses and sites. Tax indemnification adjustments relate 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 that are recorded by the company as pre-tax income or expense. Net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting represents the non-cash net gain (loss) from changes in fair value of certain undesignated foreign currency derivative contracts. Upon settlement, which is within the same calendar year of execution of the contract, the realized gain (loss) from the changes in fair value of the non-qualified foreign currency derivative contracts will be reported in the respective segment results to reflect the economic effects of the foreign currency derivative contracts without the resulting unrealized mark to fair value volatility.

As of and for the Three Months Ended September 30, (In millions)	Seed		Crop Protection		Total
2022
Net sales	$	862	$	1,915	$	2,777
Segment operating EBITDA	$	(224)	$	352	$	128
Segment assets1	$	22,665	$	13,474	$	36,139
2021
Net sales	$	738	$	1,633	$	2,371
Segment operating EBITDA	$	(217)	$	206	$	(11)
Segment assets1	$	23,701	$	12,539	$	36,240

1.    Segment assets at December 31, 2021 were $23,270 million and $12,428 million for Seed and Crop Protection, respectively.

40

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

For the Nine Months Ended September 30, (In millions)	Seed		Crop Protection		Total
2022
Net Sales	$	7,333	$	6,297	$	13,630
Segment operating EBITDA	$	1,585	$	1,352	$	2,937
2021
Net sales	$	7,010	$	5,166	$	12,176
Segment operating EBITDA	$	1,523	$	897	$	2,420

Reconciliation to interim Consolidated Financial Statements

Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Income (loss) from continuing operations after income taxes	$	(322)	$	36	$	1,257	$	1,667
Provision for (benefit from) income taxes on continuing operations	(74)		(28)		372		434
Income (loss) from continuing operations before income taxes	(396)		8		1,629		2,101
Depreciation and amortization	310		309		919		926
Interest income	(36)		(19)		(75)		(58)
Interest expense	18		8		43		22
Exchange (gains) losses	13		(2)		96		47
Non-operating (benefits) costs	(9)		(315)		(134)		(941)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges	(6)		(19)		(3)		3
Significant items (benefit) charge	202		(21)		379		214
Corporate expenses	32		40		83		106
Segment operating EBITDA	$	128	$	(11)	$	2,937	$	2,420

Segment assets to total assets (in millions)	September 30, 2022		December 31, 2021		September 30, 2021
Total segment assets	$	36,139	$	35,698	$	36,240
Corporate assets	4,512		6,646		4,882
Total assets	$	40,651	$	42,344	$	41,122

41

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA

The three and nine months ended September 30, 2022, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating EBITDA:

(In millions)	Seed		Crop Protection		Corporate		Total
For the Three Months Ended September 30, 2022
Restructuring and asset related charges - net 1	$	(66)	$	(20)	$	(66)	$	(152)
Estimated settlement expense2	—		(40)		—		(40)
Inventory write-offs3	(32)		—		—		(32)
Gain on sale of business3	—		15		—		15
Settlement cost associated with Russia Exit3	(2)		—		—		(2)
Employee Retention Credit	6		3		—		9
Total	$	(94)	$	(42)	$	(66)	$	(202)

(In millions)	Seed		Crop Protection		Corporate		Total
For the Three Months Ended September 30, 2021
Restructuring and asset related charges - net 1	$	(9)	$	(8)	$	(9)	$	(26)
Equity securities mark-to-market gain	47		—		—		47
Total	$	38	$	(8)	$	(9)	$	21

(In millions)	Seed		Crop Protection		Corporate		Total
For the Nine Months Ended September 30, 2022
Restructuring and asset related charges - net 1	$	(197)	$	(20)	$	(83)	$	(300)
Estimated settlement expense2	—		(57)		—		(57)
Inventory write-offs3	(33)		—		—		(33)
Gain on sale of business3	—		15		—		15
Loss on exit of non-strategic asset3	(5)		—		—		(5)
Settlement costs associated with Russia Exit3	(8)		—		—		(8)
Employee Retention Credit	6		3		—		9
Total	$	(237)	$	(59)	$	(83)	$	(379)

(In millions)	Seed		Crop Protection		Corporate		Total
For the Nine Months Ended September 30, 2021
Restructuring and asset related charges - net 1	$	(145)	$	(51)	$	(65)	$	(261)
Equity securities mark-to-market gain	47		—		—		47
Total	$	(98)	$	(51)	$	(65)	$	(214)

1.Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 4 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements, for additional information.

2.Consists of estimated Lorsban® related reserves

3.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.

42

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 18 - SUBSEQUENT EVENTS

In September 2022, Corteva announced that it has signed a definitive agreement to acquire Quorum Vital Investment, S.L. and its affiliates (“Symborg”), a leader in microbiological technologies. The transaction is subject to customary closing conditions and is expected to be completed in 2022. The company will apply the acquisition method of accounting and expects to complete the preliminary purchase price allocation for the business combination during the fourth quarter of 2022.

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Item 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Cautionary Statements About Forward-Looking Statements

This report contains certain estimates and forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates,” “outlook,” or other words of similar meaning. All statements that address expectations or projections about the future, including statements about Corteva’s financial results or outlook; strategy for growth; product development; regulatory approvals; market position; capital allocation strategy; liquidity; environmental, social and governance (“ESG”) targets and initiatives; the anticipated benefits of acquisitions, restructuring actions, or cost savings initiatives; and the outcome of contingencies, such as litigation and environmental matters, are forward-looking statements.

Forward-looking statements and other estimates are based on certain assumptions and expectations of future events which may not be accurate or realized. Forward-looking statements and other estimates also involve risks and uncertainties, many of which are beyond Corteva’s control. While the list of factors presented below is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Corteva’s business, results of operations and financial condition. Some of the important factors that could cause Corteva’s actual results to differ materially from those projected in any such forward-looking statements include: (i) failure to successfully develop and commercialize Corteva’s pipeline; (ii) failure to obtain or maintain the necessary regulatory approvals for some of Corteva’s products; (iii) effect of the degree of public understanding and acceptance or perceived public acceptance of Corteva’s biotechnology and other agricultural products; (iv) effect of changes in agricultural and related policies of governments and international organizations; (v) effect of competition and consolidation in Corteva’s industry; (vi) effect of competition from manufacturers of generic products; (vii) costs of complying with evolving regulatory requirements and the effect of actual or alleged violations of environmental laws or permit requirements; (viii) effect of climate change and unpredictable seasonal and weather factors; (ix) failure to comply with competition and antitrust laws; (x) competitor’s establishment of an intermediary platform for distribution of Corteva's products; (xi) impact of Corteva's dependence on third parties with respect to certain of its raw materials or licenses and commercialization; (xii) effect of industrial espionage and other disruptions to Corteva’s supply chain, information technology or network systems; (xiii) effect of volatility in Corteva’s input costs; (xiv) failure to raise capital through the capital markets or short-term borrowings on terms acceptable to Corteva; (xv) failure of Corteva’s customers to pay their debts to Corteva, including customer financing programs; (xvi) increases in pension and other post-employment benefit plan funding obligations; (xvii) risks related to environmental litigation and the indemnification obligations of legacy EID liabilities in connection with the separation of Corteva; (xviii) risks related to Corteva’s global operations; (xix) failure to effectively manage acquisitions, divestitures, alliances, restructurings, cost savings initiatives, and other portfolio actions; (xx) capital markets sentiment towards ESG matters; (xxi) risks related to COVID-19; (xxii) Corteva’s ability to recruit and retain key personnel; (xxiii) Corteva’s intellectual property rights or defend against intellectual property claims asserted by others; (xxiv) effect of counterfeit products; (xxv) Corteva’s dependence on intellectual property cross-license agreements; (xxvi) other risks related to the Separation from DowDuPont; and (xxvii) risks related to the Russia and Ukraine military conflict.

Additionally, there may be other risks and uncertainties that Corteva is unable to currently identify or that Corteva does not currently expect to have a material impact on its business. Where, in any forward-looking statement or other estimate, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of Corteva’s management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. Corteva disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements is included in the “Risk Factors” section of Corteva’s 2021 Annual Report, as modified by subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

44

Recent Developments

Global Economic Conditions

Economic activity continues to be impacted by the evolution of the novel coronavirus disease ("COVID-19"), although varying regionally depending on government policies and regulations and the rate, pace, and effectiveness of the containment efforts deployed by various national, state, and local governments, vaccination rates, and the ability of COVD-19 variants to overcome containment efforts, available vaccines, and medical treatments. These varying levels of recovery have created a misalignment of supply and demand for labor, transportation and logistic services, energy, raw materials and other inputs, which have been exasperated in certain regions by other events, including extreme weather and military conflict between Russia and Ukraine. Corteva will continue to actively monitor global conditions and may take further actions altering its business operations that it determines are in the best interests of its stakeholders, or as required by federal, state, or local authorities. These alterations or modifications may impact the company's business, including the effects on its customers, employees, and prospects, or on its financial results for the foreseeable future. The ongoing factors driving volatility in global markets that could impact our business' earnings and cash flows include, but are not limited to military conflict and resulting economic sanctions, the inflation of, or unavailability of raw material inputs and transportation and logistics services, currency fluctuations, expectations of future planted area (as influenced by consumer demand, ethanol markets and government policies and regulations), trade and purchasing of commodities globally and relative commodity prices.

In response to Russia’s military conflict with Ukraine, in April 2022 the company announced its decision to withdraw from Russia and stop production and business activities ("Russia Exit"). Russia contributes approximately 2 percent of the company's annual net sales. Refer to the 2022 Restructuring Actions discussion below for additional information.

2022 Restructuring Actions

In connection with the company’s shift to a global business unit model, the company has assessed its business priorities and operational structure to maximize the customer experience and deliver on growth and earnings potential. As a result of this assessment, the company has committed to restructuring actions that, combined with the impact of the company’s separate announcement to withdraw from Russia (“Russia Exit”) (collectively the “2022 Restructuring Actions”), is expected to result in total pre-tax restructuring and other charges of $350 million to $420 million, comprised of $105 million to $120 million of severance and related benefit costs, $155 million to $180 million of asset related charges, $65 million to $80 million of costs related to contract terminations (contract terminations includes early lease terminations) and $25 million to $40 million of other charges. Future cash payments related to these charges are anticipated to be $150 million to $175 million, primarily related to the payment of severance and related benefits, contract terminations and other charges. The restructuring actions associated with these charges are expected to be substantially complete in 2023.

The total pre-tax restructuring and other charges included $47 million associated with the Russia Exit for the nine months ended September 30, 2022. The Russia Exit net pre-tax restructuring charges consisted of $6 million of severance and related benefit costs, $3 million of asset related charges, and $28 million of costs related to contract terminations (contract terminations includes early lease terminations). The company also recorded other pre-tax charges associated with the Russia Exit to cost of goods sold and other income – net in the interim Consolidated Statement of Operations, relating to inventory write-offs of $2 million and settlement costs of $8 million, respectively. Additional pre-tax charges up to $20 million associated with the Russia Exit are possible, primarily associated with government receivables.

The 2022 Restructuring Activities are expected to contribute to the company’s ongoing cost and productivity improvement efforts through achieving an estimated $210 million to $220 million of savings on a run rate basis by 2025. See Note 4 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements for additional information.

Share Buyback Plan

On September 13, 2022, Corteva, Inc. announced that its Board of Directors authorized a $2 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2022 Share Buyback Plan").

On August 5, 2021, Corteva, Inc. announced that its Board of Directors authorized a $1.5 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2021 Share Buyback Plan"). In connection with the 2021 Share Buyback Plan, the company purchased and retired 3,414,000 shares and 14,284,000 shares, respectively, during the three and nine months ended September 30, 2022 in the open market for a total cost of $200 million and $800 million, respectively.

45

On June 26, 2019, Corteva, Inc. announced that its Board of Directors authorized a $1 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2019 Share Buyback Plan"). The company completed the 2019 Share Buyback Plan during the third quarter of 2021. In connection with the 2019 Share Buyback Plan, the company purchased and retired 3,408,000 shares and 15,378,000 shares, respectively, during the three and nine months ended September 30, 2021 in the open market for a total cost of $150 million and $700 million, respectively.

The timing, price and volume of purchases in connection with the 2022 and 2021 Share Buyback Plans will be based on market conditions, relevant securities laws and other factors.

Overview

The following is a summary of results from continuing operations for the three months ended September 30, 2022:

•The company reported net sales of $2,777 million, up 17 percent versus the same quarter last year, reflecting a 13 percent increase in price and a 9 percent increase in volume, partially offset by a 4 percent unfavorable impact from currency and a 1 percent unfavorable impact from portfolio.

•Cost of goods sold ("COGS") totaled $1,879 million in the third quarter of 2022, up from $1,558 million in the third quarter of 2021, primarily driven by increased volumes and higher input costs, freight and logistics, which are primarily market-driven, partially offset by ongoing cost and productivity actions.

•Restructuring and asset related charges - net were $152 million in the third quarter of 2022, an increase from $26 million in the third quarter of 2021. The charges for the three months ended September 30, 2022 primarily relate to severance and related benefit costs, asset related charges, and contract termination charges associated with 2022 Restructuring Actions and noncash accelerated prepaid royalty amortization expense related to Roundup Ready 2 Yield® and Roundup Ready 2 Xtend® herbicide tolerance traits.

•Income (loss) from continuing operations after income taxes was $(322) million, as compared to $36 million in the same quarter last year.

•Operating EBITDA was $96 million for the three months ended September 30, 2022, improved from $(51) million for the three months ended September 30, 2021 primarily driven by strong price execution and volume gains in all regions and productivity actions, partially offset by inflation and currency headwinds. Refer to page 55 for further discussion of the company's Non-GAAP financial measures.

The following is a summary of results from continuing operations for the nine months ended September 30, 2022:

•The company reported net sales of $13,630 million, up 12 percent versus the same period last year, reflecting a 10 percent increase in price and a 6 percent increase in volume, partially offset by a 4 percent unfavorable impact from currency.

•COGS totaled $7,926 million in the nine months ended September 30, 2022, up from $6,988 million in the nine months ended 2021, primarily driven by increased volumes and higher input costs, freight and logistics, which are primarily market-driven, partially offset by ongoing cost and productivity actions.

•Restructuring and asset related charges - net were $300 million in the nine months ended September 30, 2022, an increase from $261 million in the nine months ended September 30, 2021. The charges for the nine months ended September 30, 2022 primarily relate to severance and related benefit costs, asset related charges, and contract termination charges associated with 2022 Restructuring Actions and noncash accelerated prepaid royalty amortization expense related to Roundup Ready 2 Yield® and Roundup Ready 2 Xtend® herbicide tolerance traits.

•Income (loss) from continuing operations after income taxes was $1,257 million, as compared to $1,667 million in the same period last year.

•Operating EBITDA was $2,854 million, improved from $2,314 million for the nine months ended September 30, 2021, primarily driven by strong price execution and volume gains in all regions and productivity actions, partially offset by inflation and currency headwinds. Refer to page 55 for further discussion of the company's Non-GAAP financial measures.

46

In addition to the financial highlights above, the following events occurred during the nine months ended September 30, 2022:

•The company returned approximately $1.1 billion to shareholders during the nine months ended September 30, 2022 under its 2021 Share Buyback Plan and through common stock dividends.

•On September 13, 2022, Corteva, Inc. announced that its Board of Directors authorized a $2 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date. The timing, price and volume of purchases will be based on market conditions, relevant securities laws and other factors.

Results of Operations

Net Sales

Net sales were $2,777 million and $2,371 million for the three months ended September 30, 2022 and 2021, respectively. The increase was primarily driven by a 13 percent increase in price and a 9 percent increase in volume versus the prior period, partially offset by a (4) percent unfavorable currency impact and (1) percent unfavorable portfolio impact. The increase in volume was driven by the continued penetration of new products, higher other oilseed sales in India, and a later start to the planting season in North America resulting in some corn and soybean sales shifting into the third quarter of 2022. In addition, sales relating to corn in Latin America and EMEA and EnlistTM herbicide forecasted for the fourth quarter were realized in the third quarter due to early demand. The price gains were driven by the execution on the company’s price for value strategy and recovery of higher input costs. The unfavorable currency impacts were led by the Euro and the South African Rand. The portfolio impact was driven by a divestiture in Asia Pacific.

	Three Months Ended September 30,
	2022				2021
	Net Sales ($ Millions)		%		Net Sales ($ Millions)		%
Worldwide	$	2,777	100	%	$	2,371	100	%
North America1	739		27	%	590		25	%
EMEA2	454		16	%	390		17	%
Latin America	1,281		46	%	1,097		46	%
Asia Pacific	303		11	%	294		12	%

	Q3 2022 vs. Q3 2021				Percent Change Due To:
	Net Sales Change				Price &						Portfolio /
$ In millions	$		%		Product Mix		Volume		Currency		Other
North America1	$	149	25	%	13	%	14	%	(1)	%	(1)	%
EMEA2	64		16	%	10	%	23	%	(17)	%	—	%
Latin America	184		17	%	16	%	2	%	(1)	%	—	%
Asia Pacific	9		3	%	7	%	3	%	(7)	%	—	%
Total	$	406	17	%	13	%	9	%	(4)	%	(1)	%

1.Represents U.S. & Canada.

2.Europe, Middle East, and Africa ("EMEA").

Net sales were $13,630 million and $12,176 million for the nine months ended September 30, 2022 and 2021, respectively. The increase was primarily driven by a 10 percent increase in price and a 6 percent increase in volume versus the prior period, partially offset by a (4) percent unfavorable currency impact. The increase in volume and was driven by continued penetration of new products and notable gains in EMEA as well as North America soybeans, partially offset by the reduction of corn acres and canola volumes in North America. Price gains were driven by the continued execution on the company’s price for value strategy with strong execution across all regions in response to cost inflation, and recovery of higher input costs. The unfavorable currency impacts were led by the Euro and the Turkish Lira.

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	Nine Months Ended September 30,
	2022				2021
	Net Sales ($ Millions)		%		Net Sales ($ Millions)		%
Worldwide	$	13,630	100	%	$	12,176	100	%
North America1	6,822		50	%	6,175		51	%
EMEA2	2,894		21	%	2,702		22	%
Latin America	2,764		20	%	2,203		18	%
Asia Pacific	1,150		9	%	1,096		9	%

	Nine Months 2022 vs. Nine Months 2021				Percent Change Due To:
	Net Sales Change				Price &						Portfolio /
$ In millions	$		%		Product Mix		Volume		Currency		Other
North America1	$	647	10	%	9	%	2	%	(1)	%	—	%
EMEA2	192		7	%	9	%	12	%	(14)	%	—	%
Latin America	561		25	%	14	%	10	%	1	%	—	%
Asia Pacific	54		5	%	6	%	6	%	(5)	%	(2)	%
Total	$	1,454	12	%	10	%	6	%	(4)	%	—	%

1.Represents U.S. & Canada.

2.Europe, Middle East, and Africa ("EMEA").

Cost of Goods Sold

COGS was $1,879 million (68 percent of net sales) and $1,558 million (66 percent of net sales) for the three months ended September 30, 2022 and 2021, respectively. The increase was primarily driven by increased volumes, higher input costs, and freight and logistics, which are primarily market-driven. The increases are partially offset by ongoing cost and productivity actions, and a favorable impact from currency. The market driven trends are expected to continue as global supply chains and logistics remain constrained across industries, with the potential for inflationary pressures easing in late 2023 on a year-over-year basis.

COGS was $7,926 million (58 percent of net sales) and $6,988 million (57 percent of net sales) for the nine months ended September 30, 2022 and 2021, respectively. The increase was primarily driven by increased volumes in crop protection, higher input costs, and freight and logistics, which are primarily market-driven. The increases are partially offset by ongoing cost and productivity actions, lower volumes in seed from the reduction of corn acres in North America and supply constraints in North America canola and Latin America corn, and a favorable impact from currency. The market driven trends are expected to continue as global supply chains and logistics remain constrained across industries, with the potential for inflationary pressures easing in late 2023 on a year-over-year basis.

Research and Development Expense

R&D expense was $312 million (11 percent of net sales) and $297 million (13 percent of net sales) for the three months ended September 30, 2022 and 2021, respectively. The increase was primarily driven by an increase in variable compensation, third-party research costs and repairs and maintenance expense, partially offset by favorable currency.

R&D expense was $876 million (6 percent of net sales) and $871 million (7 percent of net sales) for the nine months ended September 30, 2022 and 2021, respectively. The increase was primarily driven by an increase in travel, third-party research costs, repairs and maintenance expense and variable compensation, partially offset by favorable currency and lower salaries and wages.

Selling, General and Administrative Expenses

SG&A expenses were $657 million (24 percent of net sales) and $672 million (28 percent of net sales) for the three months ended September 30, 2022 and 2021, respectively. The decrease was primarily driven by favorable currency and lower enterprise resource planning costs and functional spend, partially offset by higher commissions and travel.

SG&A expenses were $2,409 million (18 percent of net sales) and $2,403 million (20 percent of net sales) for the nine months ended September 30, 2022 and 2021, respectively. The increase was primarily driven by higher commissions, selling expense,

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travel, salaries and wages, bad debt expense and consulting fees, partially offset by favorable currency, lower functional spend and performance based compensation, and favorable impact from the company's deferred compensation plans due to market declines.

Amortization of Intangibles

Intangible asset amortization was $178 million and $180 million for the three months ended September 30, 2022 and 2021, respectively, and $536 million and $543 million for the nine months ended September 30, 2022 and 2021, respectively. See Note 10 - Other Intangible Assets, to the interim Consolidated Financial Statements, for additional information.

Restructuring and Asset Related Charges - Net

Restructuring and asset related charges - net were $152 million and $26 million for the three months ended September 30, 2022 and 2021, respectively. The charges in the third quarter of 2022 primarily relate to severance and related benefit costs, asset related charges, and contract termination charges associated with 2022 Restructuring Actions. The charges in the third quarter of 2021 primarily related to severance and related benefit costs and asset related charges associated with 2021 Restructuring Actions and non-cash accelerated prepaid royalty amortization expense related to Roundup Ready 2 Yield® and Roundup Ready 2 Xtend® herbicide tolerance traits under the Execute to Win Productivity Program.

Restructuring and asset related charges - net were $300 million and $261 million for the nine months ended September 30, 2022 and 2021, respectively. The charges during the nine months ended September 30, 2022 primarily relate to severance and related benefit costs, asset related charges, and contract termination charges associated with 2022 Restructuring Actions. The charges during the nine months ended September 30, 2021 primarily related to severance and related benefit costs, asset related charges, and contract termination charges associated with 2021 Restructuring Actions and non-cash accelerated prepaid royalty amortization expense related to Roundup Ready 2 Yield® and Roundup Ready 2 Xtend® herbicide tolerance traits under the Execute to Win Productivity Program.

See Note 4 - Restructuring and Asset Related Charges, Net, to the interim Consolidated Financial Statements, for additional information.

Other Income - Net

Other income - net was $23 million and $378 million for the three months ended September 30, 2022 and 2021, respectively. The decrease was primarily driven by a decrease in non-operating pension and other post-employment benefit credits due to the prior year impact of the December 2020 OPEB plan amendments as discussed in the 2021 Annual Report, a mark-to-market gain recognized during the three months ended September 30, 2021 associated with a previously held equity investment, estimated settlement reserves, and a net exchange loss during the three months ended September 30, 2022 compared to a net exchange gain during the three months ended September 30, 2021. The decreases are partially offset by an increase in interest income and a gain on the sale of a business associated with the 2022 Restructuring Actions (refer to the header “Restructuring and Asset Related Charges – Net” for further information).

Other income - net was $89 million and $1,013 million for the nine months ended September 30, 2022 and 2021, respectively. The decrease was primarily driven by a decrease in non-operating pension and other post-employment benefit credits due to the prior year impact of the December 2020 OPEB plan amendments as discussed in the 2021 Annual Report, an increase in losses associated with a previously held equity investment, estimated settlement reserves, and an increase in net exchange losses. The decreases are partially offset by a decrease in loss on sale of receivables, an increase in interest income and a gain on the sale of a business associated with the 2022 Restructuring Actions (refer to the header “Restructuring and Asset Related Charges – Net” for further information).

Pre-tax net exchange gains (losses) were $(13) million and $(96) million for the three and nine months ended September 30, 2022, respectively, and $2 million and $(47) million for the three and nine months ended September 30, 2021, respectively. The company routinely uses forward exchange contracts to offset its net exposures, by currency denominated monetary assets and liabilities of its operations. 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. The net pre-tax exchange gains and losses are recorded in other income - net and the related tax impact is recorded in provision for (benefit from) income taxes on continuing operations in the interim Consolidated Statement of Operations.

See Note 5 - Supplementary Information, to the interim Consolidated Financial Statements, for additional information.

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Interest Expense

Interest expense was $18 million and $8 million for the three months ended September 30, 2022 and 2021, respectively, and $43 million and $22 million for the nine months ended September 30, 2022 and 2021, respectively. The change was primarily driven by higher interest rates and foreign currency borrowings.

Provision for (Benefit from) Income Taxes on Continuing Operations

The company’s benefit from income taxes on continuing operations was $(74) million for the three months ended September 30, 2022 on pre-tax loss from continuing operations of $(396) million, resulting in an effective tax rate of 18.7% percent. The effective tax rate was unfavorably impacted by tax impact of certain net exchange losses recognized on the re-measurement of the net monetary asset positions which were not tax-deductible in their local jurisdictions. The unfavorable impacts were partially offset by a $55 million tax benefit on the establishment of deferred taxes in connection with the impact of a change in a U.S. legal entity's tax characterization.

The company’s benefit from income taxes on continuing operations was $(28) million for the three months ended September 30, 2021 on pre-tax income from continuing operations of $8 million, resulting in an effective tax rate of (350.0) percent. The effective tax rate was favorably impacted by $32 million of net tax benefits associated with changes in accruals for certain prior year tax positions in various jurisdictions, including a $22 million tax benefit associated with U.S. research and development tax credits. The favorable impacts were partially offset by unfavorable geographic mix of earnings.

The company's provision for income taxes on continuing operations was $372 million for the nine months ended September 30, 2022 on pre-tax income from continuing operations of $1,629 million, resulting in an effective tax rate of 22.8 percent. The effective tax rate was unfavorably impacted by tax impact of certain net exchange losses recognized on the re-measurement of the net monetary asset positions which were not tax-deductible in their local jurisdictions, changes in valuation allowances, and unfavorable geographic mix of earnings. The unfavorable impacts were partially offset by a $55 million tax benefit on the establishment of deferred taxes in connection with the impact of a change in a U.S. legal entity's tax characterization, as well as tax benefits associated with changes in accruals and deferred taxes for certain prior year tax positions and stock-based compensation.

The company’s provision for income taxes on continuing operations was $434 million for the nine months ended September 30, 2021 on pre-tax income from continuing operations of $2,101 million, resulting in an effective tax rate of 20.7 percent. The effective tax rate was favorably impacted by $58 million of net tax benefits associated with changes in accruals for certain prior year tax positions in various jurisdictions, including a $22 million tax benefit associated with U.S. research and development tax credits. The favorable impacts were partially offset by unfavorable geographic mix of earnings, as well as the tax impact of certain net exchange losses recognized on the re-measurement of the net monetary asset positions which were not tax-deductible in their local jurisdictions.

(Loss) Income from Discontinued Operations After Tax

(Loss) income from discontinued operations after tax was $(6) million and $(46) million for the three and nine months ended September 30, 2022, respectively, and $(4) million and $(59) million for the three and nine months ended September 30, 2021, respectively. The three and nine months ended September 30, 2022 and 2021 primarily reflects charges pursuant to the MOU with Chemours and DuPont, relating to PFAS environmental remediation activities at Chemours' Fayetteville Works facility. The three and nine months ended September 30, 2021 also includes charges relating to the settlement with the State of Delaware for PFAS related natural resource damage claims. Refer to Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements, for additional information.

EID Analysis of Operations

As discussed in Note 1 - Basis of Presentation, to the EID interim Consolidated Financial Statements, EID is a subsidiary of Corteva, Inc. and continues to be a reporting company, subject to the requirements of the Exchange Act. The below relates to EID only and is presented to provide an Analysis of Operations, only for the differences between EID and Corteva, Inc.

Interest Expense

EID’s interest expense was $32 million and $19 million for the three months ended September 30, 2022 and 2021, respectively, and $76 million and $61 million for the nine months ended September 30, 2022 and 2021, respectively. The change was primarily driven by the items noted on page 49, under the header "Interest Expense," partially offset by lower average borrowings on the related party loan between EID and Corteva, Inc. See Note 2 - Related Party Transactions, to the EID interim Consolidated Financial Statements, for further information.

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Provision for (Benefit from) Income Taxes on Continuing Operations

EID’s benefit from income taxes on continuing operations was $(77) million for the three months ended September 30, 2022 on pre-tax loss from continuing operations of $(410) million, resulting in an effective tax rate of 18.8 percent. EID’s benefit from income taxes on continuing operations was $(30) million for the three months ended September 30, 2021 on pre-tax loss from continuing operations of $(3) million, resulting in an effective tax rate of 1,000 percent.

EID’s provision for income taxes on continuing operations was $364 million for the nine months ended September 30, 2022 on pre-tax income from continuing operations of $1,596 million, resulting in an effective tax rate of 22.8 percent. EID’s provision for income taxes on continuing operations was $425 million for the nine months ended September 30, 2021 on pre-tax income from continuing operations of $2,062 million, resulting in an effective tax rate of 20.6 percent.

EID’s effective tax rates for the three and nine months ended September 30, 2022 and 2021 were driven by a tax benefit related to the interest expense incurred on the related party loan between EID and Corteva, Inc. and the items noted on page 50, under the header “Provision for (Benefit from) Income Taxes on Continuing Operations.” See Note 2 - Related Party Transactions, to the EID interim Consolidated Financial Statements, for further information.

Corporate Outlook

The company is affirming its net sales outlook and expects it to be in the range of $17.2 billion and $17.5 billion. The company is increasing its Operating EBITDA guidance and now expects it to be in the range of $3.0 billion and $3.1 billion. Operating Earnings Per Share is expected to be in the range of $2.45 and $2.60 per share.

Corteva is not able to reconcile its forward-looking non-GAAP financial measures to its most comparable U.S. GAAP financial measures, as it is unable to predict with reasonable certainty items outside of the company’s control, such as Significant Items, without unreasonable effort (refer to page 56 for Significant Items recorded in the three and nine months ended September 30, 2022 and 2021). During 2022, the company expects to record approximately $305 million to $330 million for the 2022 Restructuring Actions as restructuring and other charges. See Note 4 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements, for additional information on the company’s 2022 Restructuring Actions.

Recent Accounting Pronouncements

See Note 2 - Recent Accounting Guidance, to the interim Consolidated Financial Statements for a description of recent accounting pronouncements.

Segment Reviews

The company operates in two reportable segments: Seed and Crop Protection.

Seed

The company’s seed segment is a global leader in developing and supplying advanced germplasm and traits that produce optimum yield for farms around the world. The segment is a leader in many of the company’s key seed markets, including North America corn and soybeans, Europe corn and sunflower, as well as Brazil, India, South Africa and Argentina corn. The segment offers trait technologies that improve resistance to weather, disease, insects and enhance food and nutritional characteristics, herbicides used to control weeds, and digital solutions that assist farmer decision-making to help maximize yield and profitability.

Crop Protection

The crop protection segment serves the global agricultural input industry with products that protect against weeds, insects and other pests, and disease, and that improve overall crop health both above and below ground via nitrogen management and seed-applied technologies. The segment offers crop protection solutions and digital solutions that provide farmers the tools they need to improve productivity and profitability, and help keep fields free of weeds, insects and diseases. The segment is a leader in global herbicides, insecticides, nitrogen stabilizers and pasture and range management herbicides.

Summarized below are comments on individual segment net sales and segment operating EBITDA for the three and nine months ended September 30, 2022 compared with the same period in 2021. The company defines segment operating EBITDA as earnings (loss) (i.e., income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, corporate expenses, non-operating benefits (costs), foreign exchange gains (losses), and net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting, excluding the impact of significant items. Non-operating benefits (costs) consists of non-operating pension and OPEB benefit (costs), tax indemnification adjustments and environmental remediation and legal costs associated with legacy EID businesses and sites. Tax indemnification adjustments relate 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 that are recorded by the company as pre-tax

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income or expense. See Note 17 - Segment Information, to the interim Consolidated Financial Statements, for details related to significant pre-tax benefits (charges) excluded from segment operating EBITDA. All references to prices are based on local price unless otherwise specified.

A reconciliation of segment operating EBITDA to income (loss) from continuing operations after income taxes for the three and nine months ended September 30, 2022 and 2021 is included in Note 17 - Segment Information, to the interim Consolidated Financial Statements.

Seed	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2022		2021		2022		2021
Net sales	$	862	$	738	$	7,333	$	7,010
Segment operating EBITDA	$	(224)	$	(217)	$	1,585	$	1,523

Seed	Q3 2022 vs. Q3 2021				Percent Change Due To:
	Net Sales Change				Price &						Portfolio /
$ In millions	$		%		Product Mix		Volume		Currency		Other
North America	$	50	30	%	3	%	28	%	(1)	%	—	%
EMEA	4		3	%	7	%	9	%	(13)	%	—	%
Latin America	49		15	%	14	%	1	%	—	%	—	%
Asia Pacific	21		25	%	12	%	21	%	(8)	%	—	%
Total	$	124	17	%	10	%	11	%	(4)	%	—	%

Seed	Q3 2022 vs. Q3 2021				Percent Change Due To:
	Net Sales Change				Price &						Portfolio /
$ In millions	$		%		Product Mix		Volume		Currency		Other
Corn	$	32	7	%	5	%	6	%	(4)	%	—	%
Soybeans	48		31	%	28	%	3	%	—	%	—	%
Other oilseeds	30		32	%	7	%	39	%	(14)	%	—	%
Other	14		28	%	(2)	%	34	%	(4)	%	—	%
Total	$	124	17	%	10	%	11	%	(4)	%	—	%

Seed	Nine Months 2022 vs. Nine Months 2021				Percent Change Due To:
	Net Sales Change				Price &						Portfolio /
$ In millions	$		%		Product Mix		Volume		Currency		Other
North America	$	155	3	%	6	%	(2)	%	(1)	%	—	%
EMEA	44		3	%	12	%	5	%	(14)	%	—	%
Latin America	70		8	%	8	%	1	%	(1)	%	—	%
Asia Pacific	54		19	%	12	%	15	%	(8)	%	—	%
Total	$	323	5	%	7	%	1	%	(3)	%	—	%

Seed	Nine Months 2022 vs. Nine Months 2021				Percent Change Due To:
	Net Sales Change				Price &						Portfolio /
$ In millions	$		%		Product Mix		Volume		Currency		Other
Corn	$	116	3	%	7	%	(1)	%	(3)	%	—	%
Soybeans	191		13	%	9	%	4	%	—	%	—	%
Other oilseeds	(14)		(2)	%	7	%	—	%	(9)	%	—	%
Other	30		9	%	3	%	9	%	(3)	%	—	%
Total	$	323	5	%	7	%	1	%	(3)	%	—	%

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Seed

Seed net sales were $862 million in the third quarter of 2022, up 17 percent from $738 million in the third quarter of 2021. The increase was driven by an 11 percent increase in volumes and a 10 percent increase in price, partially offset by a 4 percent unfavorable currency impact.

Higher volumes were driven by higher other oilseed sales in India, as well as a later start to the planting season in North America, which shifted some corn and soybean sales into the third quarter. In addition, sales relating to corn in Latin America and EMEA forecasted for the fourth quarter were realized in the third quarter due to early demand. Price gains were driven by strong execution globally, as farmers prioritize yield to help offset inflation. Unfavorable currency impacts were led by the South African Rand and the Euro.

Segment operating EBITDA was $(224) million in the third quarter of 2022, down 3 percent from $(217) million in the third quarter of 2021. Price execution, volume gains, and ongoing cost and productivity actions were more than offset by higher input and freight costs, including commodity costs. Segment operating EBITDA margin improved by approximately 340 basis points versus the prior-year period.

Seed net sales were $7,333 million for the first nine months of 2022, up 5 percent from approximately $7,010 million in the first nine months of 2021. The sales increase was driven by a 7 percent increase in price and a 1 percent increase in volumes. This gain was partially offset by a 3 percent unfavorable currency impact.

The increase in price was driven by strong execution globally, led by North America and EMEA, with global corn and soybean prices up 7 percent and 10 percent, respectively. The increase in volume was driven by gains in EMEA as well as North America soybeans, partially offset by reduced corn acres in North America and supply constraints in North America canola and Latin America corn. Unfavorable currency impacts were led by the Turkish Lira and the Euro.

Segment Operating EBITDA was $1,585 million for the first nine months of 2022, up 4 percent from $1,523 million for the first nine months of 2021. Price execution and ongoing cost and productivity actions more than offset higher input and freight costs, the unfavorable impact of currency, lower volumes in North America, and the unfavorable year-over-year impact from the remeasurement of a previously held equity investment. Segment operating EBITDA margin declined by approximately 10 basis points versus the prior-year period.

Crop Protection	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2022		2021		2022		2021
Net sales	$	1,915	$	1,633	$	6,297	$	5,166
Segment Operating EBITDA	$	352	$	206	$	1,352	$	897

Crop Protection	Q3 2022 vs. Q3 2021				Percent Change Due To:
	Net Sales Change				Price &						Portfolio /
$ In millions	$		%		Product Mix		Volume		Currency		Other
North America	$	99	23	%	17	%	8	%	(1)	%	(1)	%
EMEA	60		25	%	12	%	32	%	(19)	%	—	%
Latin America	135		18	%	17	%	2	%	(1)	%	—	%
Asia Pacific	(12)		(6)	%	5	%	(4)	%	(6)	%	(1)	%
Total	$	282	17	%	15	%	7	%	(4)	%	(1)	%
Crop Protection	Q3 2022 vs. Q3 2021				Percent Change Due To:
	Net Sales Change				Price &						Portfolio /
$ In millions	$		%		Product Mix		Volume		Currency		Other
Herbicides	$	261	33	%	22	%	16	%	(5)	%	—	%
Insecticides	(53)		(13)	%	6	%	(14)	%	(4)	%	(1)	%
Fungicides	82		24	%	11	%	16	%	(3)	%	—	%
Other	(8)		(8)	%	3	%	(7)	%	(4)	%	—	%
Total	$	282	17	%	15	%	7	%	(4)	%	(1)	%

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Crop Protection	Nine Months 2022 vs. Nine Months 2021				Percent Change Due To:
	Net Sales Change				Price &						Portfolio /
$ In millions	$		%		Product Mix		Volume		Currency		Other
North America	$	492	29	%	18	%	12	%	(1)	%	—	%
EMEA	148		11	%	7	%	18	%	(14)	%	—	%
Latin America	491		36	%	18	%	16	%	2	%	—	%
Asia Pacific	—		—	%	5	%	2	%	(4)	%	(3)	%
Total	$	1,131	22	%	13	%	13	%	(4)	%	—	%
Crop Protection	Nine Months 2022 vs. Nine Months 2021				Percent Change Due To:
	Net Sales Change				Price &						Portfolio /
$ In millions	$		%		Product Mix		Volume		Currency		Other
Herbicides	$	735	27	%	18	%	12	%	(3)	%	—	%
Insecticides	14		1	%	7	%	(1)	%	(5)	%	—	%
Fungicides	262		29	%	8	%	27	%	(3)	%	(3)	%
Other	120		47	%	9	%	41	%	(3)	%	—	%
Total	$	1,131	22	%	13	%	13	%	(4)	%	—	%

Crop Protection

Crop protection net sales were $1,915 million in the third quarter of 2022, up 17 percent from $1,633 million in the third quarter of 2021. The increase was driven by a 15 percent increase in price and a 7 percent increase in volumes. These gains were partially offset by a 4 percent unfavorable currency impact and a 1 percent unfavorable portfolio impact.

The increase in price was broad-based, with gains in all regions led by Latin America and North America, and mostly reflected pricing for higher raw material and logistical costs. The increase in volume was driven by continued penetration of new products, including EnlistTM herbicide and ZorvecTM fungicide. Unfavorable currency impacts were led by the Euro. The portfolio impact was driven by a divestiture in Asia Pacific.

Segment Operating EBITDA was $352 million in the third quarter of 2022, up 71 percent from $206 million in the third quarter of 2021. Pricing and volume gains and productivity actions more than offset higher input costs, including raw material costs, and the unfavorable impact of currency. Segment operating EBITDA margin improved by more than 570 basis points versus the prior-year period.

Crop protection net sales were $6,297 million for the first nine months of 2022, up 22 percent from the $5,166 million for the first nine months of 2021. The sales increase was driven by a 13 percent increase in volumes and a 13 percent increase in price. These gains were partially offset by a 4 percent unfavorable currency impact.

The increase in volume was driven by continued penetration of new products, including EnlistTM and ArylexTM herbicides and OnmiraTM fungicide, with new product sales up nearly 50 percent compared to the same period last year. The increase in price, led by North America and Latin America, mostly reflected pricing for higher raw material and logistical costs. Unfavorable currency impacts were led by the Euro and the Turkish Lira.

Segment Operating EBITDA was $1,352 million in the first nine months of 2022, up 51 percent from $897 million for the first nine months of 2021. Pricing and volume gains and productivity actions more than offset higher input costs, including raw material costs, and the unfavorable impact of currency. Segment operating EBITDA margin improved by more than 410 basis points versus the prior-year period largely driven by pricing execution and new and differentiated technology.

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Non-GAAP Financial Measures

The company presents certain financial measures that do not conform to U.S. GAAP and are considered non-GAAP measures. These measures include Operating EBITDA and operating earnings (loss) per share. Management uses these measures internally for planning and forecasting, including allocating resources and evaluating incentive compensation. Management believes that these non-GAAP measures best reflect the ongoing performance of the company during the periods presented and provide more relevant and meaningful information to investors as they provide insight with respect to ongoing operating results of the company and a more useful comparison of year over year results. These non-GAAP measures supplement the company's U.S. GAAP disclosures and should not be viewed as an alternative to U.S. GAAP measures of performance. Furthermore, such non-GAAP measures may not be consistent with similar measures provided or used by other companies. Reconciliations for these non-GAAP measures to U.S. GAAP are provided below.

Operating EBITDA is defined as earnings (loss) (i.e., income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, non-operating benefits (costs), foreign exchange gains (losses), and net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting, excluding the impact of significant items. Non-operating benefits (costs) consists of non-operating pension and OPEB benefits (costs), tax indemnification adjustments and environmental remediation and legal costs associated with legacy businesses and sites. Tax indemnification adjustments relate 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 that are recorded by the company as pre-tax income or expense. Operating earnings (loss) per share is defined as "earnings (loss) per common share from continuing operations - diluted" excluding the after-tax impact of significant items, the after-tax impact of non-operating benefits (costs), the after-tax impact of amortization expense associated with intangible assets existing as of the Separation from DowDuPont, and the after-tax impact of net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting. Although amortization of the company's intangible assets is excluded from these non-GAAP measures, management believes it is important for investors to understand that such intangible assets contribute to revenue generation. Amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Any future acquisitions may result in amortization of additional intangible assets. Net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting represents the non-cash net gain (loss) from changes in fair value of certain undesignated foreign currency derivative contracts. Upon settlement, which is within the same calendar year of execution of the contract, the realized gain (loss) from the changes in fair value of the non-qualified foreign currency derivative contracts will be reported in the relevant non-GAAP financial measures, allowing quarterly results to reflect the economic effects of the foreign currency derivative contracts without the resulting unrealized mark to fair value volatility.

Reconciliation of Income (Loss) from Continuing Operations after Income Taxes to Operating EBITDA

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Income (loss) from continuing operations after income taxes (GAAP)	$	(322)	$	36	$	1,257	$	1,667
Provision for (benefit from) income taxes on continuing operations	(74)		(28)		372		434
Income (loss) from continuing operations before income taxes (GAAP)	(396)		8		1,629		2,101
Depreciation and amortization	310		309		919		926
Interest income	(36)		(19)		(75)		(58)
Interest expense	18		8		43		22
Exchange (gains) losses	13		(2)		96		47
Non-operating (benefits) costs	(9)		(315)		(134)		(941)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges	(6)		(19)		(3)		3
Significant items (benefit) charge	202		(21)		379		214
Operating EBITDA (Non-GAAP)	$	96	$	(51)	$	2,854	$	2,314

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Significant Items

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Restructuring and asset related charges - net	$	(152)	$	(26)	$	(300)	$	(261)
Equity Securities mark-to-market gain	—		47		—		47
Estimated settlement expense1	(40)		—		(57)		—
Inventory write-offs	(32)		—		(33)		—
Gain on sale of business	15		—		15		—
Loss on exit of non-strategic asset	—		—		(5)		—
Settlement costs associated with the Russia Exit	(2)		—		(8)		—
Employee Retention Credit	9		—		9		—
Total pretax significant items benefit (charge)	(202)		21		(379)		(214)
Total tax (provision) benefit impact of significant items2	37		(4)		71		47
Tax only significant item benefit (charge)3	55		—		55		—
Total significant items benefit (charge), after tax	$	(110)	$	17	$	(253)	$	(167)

1.Consists of estimated Lorsban® related reserves.

2.Unless specifically addressed above, the income tax effect on significant items was calculated based upon the enacted tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.

3.The tax only significant item benefit for the three and nine months ended September 30, 2022 reflects the impact of a change in a U.S. legal entity's tax characterization, resulting in the establishment of deferred taxes.

Reconciliation of Income (Loss) from Continuing Operations Attributable to Corteva and Earnings (Loss) Per Share of Common Stock from Continuing Operations - Diluted to Operating Earnings (Loss) and Operating Earnings (Loss) Per Share

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Income (loss) from continuing operations attributable to Corteva (GAAP)	$	(325)	$	34	$	1,248	$	1,659
Less: Non-operating benefits - net, after tax	4		242		96		716
Less: Amortization of intangibles (existing as of Separation), after tax	(137)		(140)		(414)		(423)
Less: Mark-to-market gains (losses) on certain foreign currency contracts not designated as hedges, after tax	4		15		2		(2)
Less: Significant items benefit (charge), after tax	(110)		17		(253)		(167)
Operating Earnings (Loss) (Non-GAAP)	$	(86)	$	(100)	$	1,817	$	1,535

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Earnings (loss) per share of common stock from continuing operations - diluted (GAAP)	$	(0.45)	$	0.05	$	1.72	$	2.23
Less: Non-operating benefits - net, after tax	—		0.33		0.13		0.96
Less: Amortization of intangibles (existing as of Separation), after tax	(0.19)		(0.18)		(0.57)		(0.57)
Less: Mark-to-market gains on certain foreign currency contracts not designated as hedges, after tax	0.01		0.02		0.01		—
Less: Significant items benefit (charge), after tax	(0.15)		0.02		(0.35)		(0.22)
Operating Earnings (Loss) Per Share (Non-GAAP)	$	(0.12)	$	(0.14)	$	2.50	$	2.06
Diluted Shares Outstanding (in millions)	718.7		739.5		726.4		744.0

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Liquidity and Capital Resources

Information related to the company's liquidity and capital resources can be found in the company’s 2021 Annual Report, Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, Liquidity & Capital Resources. The discussion below provides the updates to this information for the nine months ended September 30, 2022.

(In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Cash, cash equivalents and marketable securities	$	2,318	$	4,545	$	2,882
Total debt	$	2,853	$	1,117	$	2,473

The increase in debt balances from December 31, 2021 was primarily due to funding the company's working capital needs and capital expenditures. See further information in Note 11 - Short-Term Borrowings, Long-Term Debt and Available Credit Facilities, to the interim Consolidated Financial Statements.

The company believes its ability to generate cash from operations and access to capital markets and commercial paper markets will be adequate to meet anticipated cash requirements to fund its operations, including seasonal working capital, capital spending, dividend payments, share repurchases and pension obligations. Corteva's strong financial position, liquidity and credit ratings will provide access as needed to capital markets and commercial paper markets to fund seasonal working capital needs. The company's liquidity needs can be met through a variety of sources, including cash provided by operating activities, commercial paper, syndicated credit lines, bilateral credit lines, long-term debt markets, bank financing and committed receivable repurchase facilities. Corteva considers the borrowing costs and lending terms when selecting the source to fund its operations and working capital needs.

The company had access to approximately $6.0 billion at September 30, 2022 and $6.4 billion at December 31, 2021, and September 30, 2021, respectively, in committed and uncommitted unused credit lines, which includes the uncommitted revolving credit lines relating to the Foreign Currency Loans. In addition to the unused credit facilities, the company has a $500 million 2022 Repurchase Facility (as defined below). These facilities provide support to meet the company’s short-term liquidity needs and for general corporate purposes, which may include funding of discretionary and non-discretionary contributions to certain benefit plans, severance payments, repayment and refinancing of debt, working capital, capital expenditures, repurchases and redemptions of securities and funding Corteva's costs and expenses.

In November 2018, EID entered into a $3 billion, 5-year revolving credit facility and a $3 billion, 3-year revolving credit facility (the “Revolving Credit Facilities”). The 2018 Revolving Credit Facilities became effective May 2019. Corteva, Inc. became a party at the time of the Corteva Distribution. In May 2021, the company entered into an amendment that extended the maturity date of the 3-year revolving credit facility from May 2022 to May 2023. Other than the change in maturity date, there were no material modifications to the terms of the credit facility. During May 2022, the Credit Facilities were refinanced for purposes of extending the maturity dates to 2027 and 2025 for the 5-year and 3-year revolving credit facilities, respectively, lowering the facility amount of the 3-year revolving credit facility to $2 billion and transitioning the interest rate to Adjusted Term SOFR, which is Term SOFR plus 0.10 percent, plus the applicable margin. The Revolving Credit Facilities may serve as a substitute to the company's commercial paper program, and can be used, from time to time, for general corporate purposes including, but not limited to, the funding of seasonal working capital needs. The Revolving Credit Facilities contain customary representations and warranties, affirmative and negative covenants and events of default that are typical for companies with similar credit ratings. Additionally, the Revolving Credit Facilities contain a financial covenant requiring that the ratio of total indebtedness to total capitalization for Corteva and its consolidated subsidiaries not exceed 0.60. At September 30, 2022, the company was in compliance with these covenants.

In May 2022, the company entered into a $500 million, 364-day revolving credit agreement (the “364-day Revolving Credit Facility”) expiring in May 2023. Borrowings under the 364-day Revolving Credit Facility will have an interest rate equal to Adjusted Term SOFR, which is Term SOFR plus 0.10 percent, plus the applicable margin. The 364-day Revolving Credit Facility includes a provision under which the company may convert any advances outstanding prior to the maturity date into term loans having a maturity date up to one year later. The 364-day Revolving Credit Facility will be used for general corporate purposes including, but not limited to, the funding of seasonal working capital needs. The 364-day Revolving Credit Facility contains customary representations and warranties, affirmative and negative covenants and events of default that are typical for companies with similar credit ratings. Additionally, the 364-day Revolving Credit Facility contains a financial covenant requiring that the ratio of total indebtedness to total capitalization for Corteva and its consolidated subsidiaries not exceed 0.60. At September 30, 2022, the company was in compliance with these covenants.

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The company enters into short-term and long-term foreign currency loans from time-to-time by accessing uncommitted revolving credit lines to fund working capital needs of foreign subsidiaries in the normal course of business (“Foreign Currency Loans”). Interest rates are variable and determined at the time of borrowing. Total unused bank credit lines on the Foreign Currency Loans at September 30, 2022 was approximately $85 million. The company’s long-term Foreign Currency Loans have varying maturities through 2024.

The company's indenture covenants include customary limitations on liens, sale and leaseback transactions, and mergers and consolidations affecting manufacturing plants, mineral producing properties or research facilities located in the U.S. and the consolidated subsidiaries owning such plants, properties and facilities subject to certain limitations. The outstanding long-term debt also contains customary default provisions.

The company has meaningful seasonal working capital needs based in part on providing financing to its customers. Working capital is funded through multiple methods including cash, commercial paper, a receivable repurchase facility, the Revolving Credit Facilities, the 364-day Revolving Credit Facility, and factoring.

In February 2022, in line with seasonal working capital requirements, the company entered into a committed receivable repurchase facility of up to $500 million (the "2022 Repurchase Facility") which expires in December 2022. Under the 2022 Repurchase Facility, Corteva may sell a portfolio of available and eligible outstanding customer notes receivables to participating institutions and simultaneously agree to repurchase at a future date. See further discussion of this facility in Note 11 - Short-Term Borrowings, Long-Term Debt and Available Credit Facilities, to the interim Consolidated Financial Statements.

The company has factoring agreements with third-party financial institutions to sell its trade receivables under both recourse and non-recourse agreements in exchange for cash proceeds in an effort to reduce its receivables risk. For arrangements that include an element of recourse, the company provides a guarantee of the trade receivables in the event of customer default. Refer to Note 8 - Accounts and Notes Receivable - Net, to the interim Consolidated Financial Statements, for more information.

The company also organizes agreements with third-party financial institutions who directly provide financing for select customers of the company's seed and crop protection products in each region. Terms of the third-party loans are less than a year and programs are renewed on an annual basis. In some cases, the company guarantees a portion of the extension of such credit to such customers. Refer to Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements, for more information on the company’s guarantees.

The company's cash, cash equivalents and marketable securities at September 30, 2022, December 31, 2021, and September 30, 2021 are $2.3 billion, $4.5 billion, and $2.9 billion, respectively, of which $2.2 billion, $2.9 billion, and $2.7 billion at September 30, 2022, December 31, 2021, and September 30, 2021, respectively, was held by subsidiaries in foreign countries, including United States territories. Upon actual repatriation, such earnings could be subject to withholding taxes, foreign and/or U.S. state income taxes, and taxes resulting from the impact of foreign currency movements. The cash held by foreign subsidiaries is generally used to finance the subsidiaries' operational activities and future foreign investments. At September 30, 2022, management believed that sufficient liquidity is available in the U.S. with global operating cash flows, borrowing capacity from existing committed credit facilities, and access to capital markets and commercial paper markets.

Summary of Cash Flows

Cash provided by (used for) operating activities was $(2,146) million for the nine months ended September 30, 2022 compared to $(819) million for the nine months ended September 30, 2021. The change in cash used for operating activities was driven by an increase in working capital requirements primarily due to higher receivables from revenue growth, higher inventories for expected demand and changes in deferred revenue due to higher application of customer payments to accounts receivable.

Cash provided by (used for) investing activities was $(439) million for the nine months ended September 30, 2022 compared to $(201) million for the nine months ended September 30, 2021. The change was primarily due to higher purchases of investments, lower proceeds from sales and maturities of investments, and higher capital expenditures.

Cash provided by (used for) financing activities was $663 million for the nine months ended September 30, 2022 compared to $365 million for the nine months ended September 30, 2021. The change was primarily due to higher proceeds from the issuance of long term debt relating to foreign currency loans and higher borrowings, partially offset by higher payments on long-term debt and higher repurchases of common stock.

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In January 2022, the company's Board of Directors authorized a common stock dividend of $0.14 per share, payable on March 15, 2022, to the shareholders of record on March 1, 2022. In April 2022, the company's Board of Directors authorized a common stock dividend of $0.14 per share, payable on June 15, 2022, to the shareholders of record on May 13, 2022. In July 2022, the company's Board of Directors approved a 7.1 percent increase in the common stock dividend from $0.14 per share to $0.15 per share. In July 2022, the company's Board of Directors authorized a common stock dividend of $0.15 per share, payable on September 15, 2022, to the shareholders of record on August 12, 2022. In October 2022, the company's Board of Directors authorized a common stock dividend of $0.15 per share, payable on December 15, 2022, to the shareholders of record on November 14, 2022.

On September 13, 2022, Corteva, Inc. announced that its Board of Directors authorized a $2 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2022 Share Buyback Plan").

On August 5, 2021, the company's Board of Directors authorized a $1.5 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date (“2021 Share Buyback Plan”). The company repurchased approximately $1.1 billion under the 2021 Share Buyback Plan since the inception of the plan. In connection with the 2021 Share Buyback Plan, the company repurchased and retired 3,414,000 shares and 14,284,000 shares during the three and nine months ended September 30, 2022, respectively, in the open market for a total cost of $200 million and $800 million, respectively.

On June 26, 2019, the company's Board of Directors authorized a $1 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date (“2019 Share Buyback Plan”). The company completed the 2019 Share Buyback Plan during the third quarter of 2021. In connection with the 2019 Share Buyback Plan, the company repurchased and retired 3,408,000 shares and 15,378,000 shares during the three and nine months ended September 30, 2021 in the open market for a total cost of $150 million and $700 million, respectively.

The timing, price and volume of purchases in connection with the 2022 and 2021 Share Buyback Plans will be based on market conditions, relevant securities laws and other factors.

For the full year 2022, the company expects repurchases of approximately $1 billion under the 2021 Share Buyback Plan discussed above. The total amount, timing, price and volume of purchases will be based on market conditions, relevant securities laws and other market and company specific factors.

See Note 13 - Stockholders' Equity, to the interim Consolidated Financial Statements, for additional information related to the share buyback plans.

EID Liquidity Discussion

As discussed in Note 1 - Basis of Presentation, to the EID interim Consolidated Financial Statements, EID is a subsidiary of Corteva, Inc. and continues to be a reporting company, subject to the requirements of the Exchange Act. The below relates to EID only and is presented to provide a Liquidity discussion for the differences between EID and Corteva, Inc.

Cash provided by (used for) operating activities

EID’s cash provided by (used for) operating activities was $(2,152) million and $(838) million for the nine months ended September 30, 2022 and 2021, respectively. The change was primarily driven by lower interest on related party debt and the items noted on page 58, under the header, “Summary of Cash Flows”.

Cash provided by (used for) financing activities

EID’s cash provided by (used for) financing activities was $669 million for the nine months ended September 30, 2022 compared to $384 million for the nine months ended September 30, 2021. The change was primarily due to higher proceeds from the issuance of long-term debt relating to foreign currency loans, partially offset by higher payments on long-term debt and related party debt, and lower borrowings.

See Note 2 - Related Party Transactions, to the EID interim Consolidated Financial Statements, for further information on the related party loan between EID and Corteva, Inc.

Guarantees and Off-Balance Sheet Arrangements

For detailed information related to Guarantees, Indemnifications, and Obligations for Equity Affiliates and Others, see the company’s 2021 Annual Report, Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, Off-Balance Sheet Arrangements and Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements.

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Critical Accounting Estimates

The company's significant accounting policies are more fully described in Note 2 in the company's 2021 Annual Report. Management believes that the application of these policies on a consistent basis enables the company to provide the users of the financial statements with useful and reliable information about the company's operating results and financial condition.

Valuation of Assets and Impairment Considerations

The company tests goodwill and other indefinite-lived intangible assets for impairment annually (during the fourth quarter), or more frequently when events or changes in circumstances indicate it is more likely than not that the fair value of a reporting unit has declined below its carrying value. Goodwill is evaluated for impairment using qualitative and / or quantitative testing procedures. The company performs goodwill impairment testing at the reporting unit level which is defined as the operating segment or one level below the operating segment. One level below the operating segment, or component, is a business in which discrete financial information is available and regularly reviewed by segment management. The company aggregates certain components into reporting units based on economic similarities.

As a result of the BU Reorganization, the company determined that a triggering event had occurred during the second quarter of 2022 that required an interim impairment assessment as of April 1, 2022. The interim impairment assessment was performed for the seed, crop protection, and the former digital reporting units immediately prior to the BU Reorganization and for the seed and crop protection reporting units immediately after the BU Reorganization resulting in no goodwill impairment charges. Refer to Note 1 - Summary of Significant Accounting Policies, to the interim Consolidated Financial Statements, for further information.

Qualitative impairment assessments were performed for the seed and crop protection reporting units. The qualitative assessment includes an evaluation of relevant factors, including GDP growth rates, long-term commodity prices, equity and credit market activity, discount rates, changes in industry and market structure, competitive environments, cost factors such as raw materials prices, and overall financial performance. Based on the qualitative assessment performed, it was more likely than not that the fair value of each reporting unit exceeded the carrying value and therefore a quantitative test was not performed.

A quantitative impairment assessment was performed for the former digital reporting unit using a combination of the discounted cash flow model (a form of the income approach) and the market approach. Under the income approach, fair value is determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. The company's significant assumptions in this analysis included future cash flow projections, weighted average cost of capital, the terminal growth rate and the tax rate. The company’s estimate of future cash flows is based on current regulatory and economic climates, recent operating results, and assumed business strategy from a market participant perspective and includes an estimate of a long-term future growth rate based on such strategy. Actual results may differ from those assumed in the company’s forecast. The company derives its discount rate using a capital asset pricing model and analyzes published rates for industries relevant to its reporting unit to estimate the cost of equity financing. The company uses a discount rate that is commensurate with the risks and uncertainty inherent in the reporting unit and in its internally developed forecast. The discount rate used in the company’s valuation was 19.0 percent. Under the market approach, the company uses historically completed transactions for comparable companies.

Estimating the fair value of reporting units requires the use of estimates and significant judgments that are based on a number of factors including actual operating results. It is reasonably possible that the judgments and estimates described above could change in future periods. The company believes the current assumptions and estimates utilized are both reasonable and appropriate.

Contractual Obligations

Information related to the company's contractual obligations at December 31, 2021 can be found on page 64 of the company's 2021 Annual Report. There have been no material changes to the company’s contractual obligations outside the ordinary course of business from those reported in the company’s 2021 Annual Report.

Item 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 

See Note 15 - Financial Instruments, to the interim Consolidated Financial Statements. See also Part II, Item 7A. Quantitative and Qualitative Disclosures About Market Risk, of the company's 2021 Annual Report, for information on the company's utilization of financial instruments and an analysis of the sensitivity of these instruments.

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Item 4.  CONTROLS AND PROCEDURES 

Corteva, Inc.

a)        Evaluation of Disclosure Controls and Procedures

The company maintains a system of disclosure controls and procedures to give reasonable assurance that information required to be disclosed in the company's reports filed or submitted under the Securities Exchange Act of 1934 ("Exchange Act") is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. These controls and procedures also give reasonable assurance that information required to be disclosed in such reports is accumulated and communicated to management to allow timely decisions regarding required disclosures.

As of September 30, 2022, the company's Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO"), together with management, conducted an evaluation of the effectiveness of the company's disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) of the Exchange Act. Based on that evaluation, the CEO and CFO concluded that these disclosure controls and procedures are effective.

b)        Changes in Internal Control over Financial Reporting

There have been no changes in the company's internal control over financial reporting that occurred during the quarter ended September 30, 2022 that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting.

E. I. du Pont de Nemours and Company

a)        Evaluation of Disclosure Controls and Procedures

EID maintains a system of disclosure controls and procedures to give reasonable assurance that information required to be disclosed in their reports filed or submitted under the Securities Exchange Act of 1934 ("Exchange Act") is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. These controls and procedures also give reasonable assurance that information required to be disclosed in such reports is accumulated and communicated to management to allow timely decisions regarding required disclosures.

As of September 30, 2022, EID's CEO and CFO, together with management, conducted an evaluation of the effectiveness of EID's disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) of the Exchange Act. Based on that evaluation, the CEO and CFO concluded that these disclosure controls and procedures are effective.

b)        Changes in Internal Control over Financial Reporting

There have been no changes in EID's internal control over financial reporting that occurred during the quarter ended September 30, 2022 that have materially affected, or are reasonably likely to materially affect, EID's internal control over financial reporting.

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PART II.  OTHER INFORMATION

Item 1.LEGAL PROCEEDINGS

The company is subject to various legal proceedings, including, but not limited to, product liability, intellectual property, antitrust, commercial, property damage, personal injury, environmental and regulatory matters arising out of the normal course of its current businesses or legacy EID businesses unrelated to Corteva’s current businesses but allocated to Corteva as part of the Separation of Corteva from DuPont.

Often these proceedings raise complex factual and legal issues, which are subject to risks and uncertainties and which could require significant amounts of senior leadership team’s time. Litigation and other claims, along with regulatory proceedings, against the company could also materially adversely affect its operations, reputation, and/or result in the incurrence of unexpected expenses and liability. Even when the company believes liabilities are not expected to be material or the probability of loss or of an adverse unappealable final judgment is remote, the company may consider settlement of these matters, and may enter into settlement agreements, if it believes settlement is in the best interest of the company, including avoidance of future distraction and litigation defense cost, and its shareholders. Information regarding certain of these matters is set forth below and in Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements.

Litigation related to Corteva’s current businesses

Federal Trade Commission Investigation

On May 26, 2020, Corteva received a subpoena from the Federal Trade Commission (“FTC”) directing it to submit documents pertaining to its crop protection products generally, as well as business plans, rebate programs, offers, pricing and marketing materials specifically related to its acetochlor, oxamyl, rimsulfuron and other related products in order to determine whether Corteva engaged in unfair methods of competition through anticompetitive conduct. Corteva has fully cooperated with all requests related to this subpoena. On September 29, 2022, the FTC, along with ten state attorneys general in California, Colorado, Illinois, Indiana, Iowa, Minnesota, Nebraska, Oregon, Wisconsin and Texas, filed a lawsuit against Corteva and another competitor alleging the parties engaged in unfair methods of competition, unlawful conditioning of payments, unreasonably restrained trade, and have an unlawful monopoly (the “FTC lawsuit”). Several proposed private class action lawsuits were also filed in federal court also alleging anticompetitive conduct based on the allegations set forth in the FTC lawsuit. We believe any such lawsuits related to Corteva’s business practices are without merit.

Lorsban® Lawsuits

As of September 30, 2022, there were pending personal injury and remediation lawsuits filed against the former Dow Agrosciences LLC in California alleging injuries related to exposure to, or contamination by, chlorpyrifos, the active ingredient in Lorsban®, an insecticide used by commercial farms for field fruit, nut and vegetable crops. Corteva ended its production of Lorsban® in 2020. Further information with respect to these proceedings is set forth under “Lorsban® Lawsuits” in Note 12 – Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements.

Bayer Disputes

In August 2022, Corteva filed a lawsuit against Bayer CropScience LLP and Monsanto Company (collectively “Bayer”) in federal court in Delaware for alleged infringement of Corteva’s patented AAD-1 herbicide resistance technology used in Enlist® corn. Corteva seeks to enjoin Bayer from continuing to infringe, as well as appropriate monetary damages. Bayer has filed an answer to the complaint and has asserted various affirmative defenses including invalidity. The case will now proceed to discovery.

Also in August 2022, Bayer filed breach of contract/declaratory judgment lawsuit in Delaware state court against Corteva relating to an agrobacterium cross-license agreement and E3® soybeans. Bayer alleges that Corteva practiced two Bayer patents in developing E3® soybeans, and therefore, is entitled to royalties pursuant to the terms of the cross-license agreement. In October 2022, Corteva moved to dismiss the complaint on the basis that, under the terms of the cross-license agreement and the law, E3® soybeans cannot infringe expired patents. Oral argument on the motion to dismiss is scheduled for January 2023.

In October 2022, Corteva filed a lawsuit against Bayer in Delaware state court seeking a declaration that, under the terms of Corteva’s licensing agreement and the law, Bayer is not entitled to collect patent royalties on the Roundup Ready® Corn 2 trait after Bayer’s U.S. patent protection expires. Discussions to resolve each of the above disputes remain ongoing.

Litigation related to legacy EID businesses unrelated to Corteva’s current businesses

As discussed below and in Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements, certain of the environmental proceedings and litigation allocated to Corteva as part of the Separation from DuPont relate to the legacy EID businesses, including their use of PFOA, which, for purposes of this report, means collectively perfluorooctanoic acid and its salts, including the ammonium salt and does not distinguish between the two forms, and PFAS, which means per- and polyfluoroalkyl substances, including PFOA, PFOS (perfluorooctanesulfonic acid), GenX and other

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perfluorinated chemicals and compounds ("PFCs"). Management believes that it is reasonably possible that EID could incur liabilities related to PFOA in excess of amounts accrued. However, any such losses are not estimable at this time due to various reasons, including, among others, that the underlying matters are in their early stages and have significant factual issues to be resolved.

On January 22, 2021, Chemours, DuPont, Corteva and EID entered into a binding memorandum of understanding containing a settlement to resolve legal disputes related to Chemours' responsibility for litigation and environmental liabilities allocated to it, and to establish a cost sharing arrangement and escrow account to be used to support and manage potential future legacy PFAS liabilities arising out of pre-July 1, 2015 conduct (the “MOU”). See Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements, for further discussion.

Environmental Proceedings

The company believes it is remote that the following matters will have a material impact on its financial position, liquidity or results of operations. The matters below involve the potential for $1 million or more in monetary fines and are included per Item 103(c)(3)(iii) of Regulation S-K of the Securities Exchange Act of 1934, as amended.

Related to Corteva's current businesses

La Porte Plant, La Porte, Texas - Crop Protection - Release Incident Investigations

On November 15, 2014, there was a release of methyl mercaptan at EID's La Porte, Texas, facility. The release occurred at the site’s crop protection unit resulting in four employee fatalities inside the unit. The Chemical Safety Board (“CSB”) issued its final report on June 18, 2019, which included recommendations related to the emergency response program at La Porte. Corteva responded to the CSB on September 30, 2019 outlining the actions it has taken to date to address the recommendations for the site and providing its plan to address the CSB’s remaining recommendations. After the conclusion of the CSB investigation, criminal U.S. Environmental Protection Agency ("EPA") and the Department of Justice ("DOJ") investigations related to the incident continued.

On January 8, 2021, EID and the facility's former unit operations leader were indicted by the DOJ on two felony and one misdemeanor charges of violations of the Clean Air Act related to the release. On January 18, 2022, the U.S. District Court of the Southern District of Texas dismissed the felony charge for failing to implement a safety practice. The maximum statutory penalties per charge are $500,000, or twice the gross gain or loss derived from the incident, as well as up to three years of probation and related ongoing reporting obligations. While the company moved to dismiss the remaining charges, the DOJ appealed the dismissal of the felony charge. In August 2022, the court reversed its prior dismissal of the failing to implement a safety practice charge and denied the company’s motion to dismiss the remaining charges. The trial is currently scheduled for March 2023.

Related to legacy EID businesses unrelated to Corteva’s current businesses

Divested Neoprene Facility, La Place, Louisiana - EPA Compliance Inspection

In 2016, the EPA conducted a focused compliance investigation at the Denka Performance Elastomer LLC (“Denka”) neoprene manufacturing facility in La Place, Louisiana. EID sold the neoprene business, including this manufacturing facility, to Denka in the fourth quarter of 2015. In the spring of 2017, the EPA, the DOJ, the Louisiana Department of Environmental Quality, EID and Denka began discussions relating to the inspection conclusions and allegations of noncompliance arising under the Clean Air Act, including leak detection and repair. These discussions, which include potential settlement options, continue. Under the Separation Agreement, DuPont is defending and indemnifying the company in this matter.

New Jersey Directive PFAS

On March 25, 2019, the New Jersey Department of Environmental Protection (“NJDEP”) issued a Statewide PFAS Directive to several companies, including Chemours, DuPont, and EID. The Directive seeks information relating to the use and environmental release of PFAS and PFAS-replacement chemicals at and from two former EID sites in New Jersey, Chambers Works and Parlin, and a funding source for costs related to the NJDEP’s investigation of PFAS issues and PFAS testing and remediation.

New Jersey Directive Pompton Lakes

On March 27, 2019, the NJDEP issued to Chemours and EID a Natural Resource Damages Directive relating to chemical contamination (non-PFAS) at and around EID’s former Pompton Lakes facility in New Jersey. The Directive alleges that this contamination has harmed the natural resources of New Jersey. It seeks $125,000 as reimbursement for the cost of preparing a natural resource damages assessment, which the State will use to determine the extent of such damage and the amount it expects to seek to restore the affected natural resources to their pre-damage state.

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Natural Resource Damage Cases

Since May 2017, several municipal water districts and state attorneys general have filed lawsuits against EID, Corteva, Chemours and others, claiming contamination of public water systems by PFCs, including but not limited to PFOA. These actions with the municipalities and states seeking economic impact damages for alleged harm to natural resources, punitive damages, present and future costs to cleanup PFOA contamination and the abatement of alleged nuisance with filtration systems. Further information with respect to these proceedings is set forth under "Other PFOA Matters" in Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements.

Netherlands Municipality Cases

In April 2021, four municipalities in the Netherlands filed complaints alleging contamination of land and groundwater resulting from the emission of PFOA and GenX by Corteva, DuPont and Chemours. Further information with respect to these proceedings is set forth under "Other PFOA Matters" in Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements.

Nebraska Department of Environment and Energy, AltEn Facility

The EPA and the Nebraska Department of the Environmental and Energy (“NDEE”) are pursuing investigations, response and removal actions, litigation and enforcement action related to an ethanol plant located near Mead, Nebraska and owned and operated by AltEn LLC (“AltEn”). The agencies have alleged violations under the Resource Conservation and Recovery Act (“RCRA”) and other federal and state laws stemming from AltEn’s lack of compliance with the terms and conditions of its operating permits and other regulatory requirements. Corteva is one of six seed companies, who were customers of AltEn (collectively, the "Facility Response Group"), participating in the NDEE’s Voluntary Cleanup Program to address certain interim remediation needs at the site. In February 2022, Corteva, along with other members of the Facility Response Group, filed a lawsuit against AltEn and certain of its affiliates to preserve certain contractual and common law indemnification claims.

Item 1A. RISK FACTORS

The significant factors known to us that could materially adversely affect our business, financial condition, or operating results are described in our most recently filed annual report on Form 10-K under Item 1A - Risk Factors, and are supplemented by the following risk factor below.

Our business, financial condition and results of operations could be materially affected by disruptions in the global economy caused by the ongoing conflict between Russia and Ukraine.

The global economy has been negatively impacted by the military conflict between Russia and Ukraine. Additionally, consistent with the company’s announced decision to withdraw from Russia and, having already paused new sales in the country, the company continues to progress on its plans to conclude its production and business activities in the country. We have experienced shortages in materials, the inability to insure shipments, and increased costs for transportation, energy, and raw material and other inputs due in part to the negative impact of the Russia-Ukraine military conflict on the global economy. Further escalation of the military conflict or related geopolitical tensions, including increased trade barriers or restrictions on global trade, could result in, among other things, cyberattacks, further supply disruptions, and changes to foreign exchange rates and financial markets, any of which may adversely affect our business and supply chains. Such geopolitical instability and uncertainty has negatively impacted our ability to sell to, ship products to, collect payments from, and support customers in certain regions. Logistics restrictions, including closures of air space and shipping ports, the reduction of the availability of farmable land, and the destruction of facilities could further increase these adverse impacts and negatively impact demand for our products in the region. While Ukraine and Russia do not constitute a material portion of our business revenues, further escalation or expansion of economic disruption or the conflict's current scope could have a material adverse effect on our results of operations. In addition, the effects of the ongoing conflict could heighten many of our known risks described in Part I - Item 1A – “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 10, 2022.

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Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Issuer Purchases of Equity Securities

The following table summarizes information with respect to the company's purchase of its common stock during the three months ended September 30, 2022:

Month	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of the Company's Publicly Announced Share Buyback Programs1	Approximate Value of Shares that May Yet Be Purchased Under the Programs(1) (Dollars in millions)
July 2022	927,964	$	52.97	927,964	$	2,601
August 2022	736,549	60.27		736,549	2,557
September 2022	1,749,369	60.85		1,749,369	2,450
Total	3,413,882	$	58.58	3,413,882	$	2,450

1.    On September 13, 2022 and August 5, 2021, Corteva, Inc. announced that its Board of Directors authorized a $2 billion share repurchase program and $1.5 billion share repurchase program, respectively, to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date. The timing, price and volume of purchases will be based on market conditions, relevant securities laws and other factors.

Item 5. OTHER INFORMATION

None.

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Item 6.EXHIBITS

Exhibit Number	Description
2.1	Separation and Distribution Agreement by and among DowDuPont Inc., Dow Inc. and Corteva, Inc. (incorporated by reference to Exhibit No. 2.1 to Amendment 3 to Corteva’s Registration Statement on Form 10 (Commission file number 001-38710), filed on April 16, 2019).
3.1	Amended and Restated Certificate of Incorporation of Corteva, Inc. (incorporated by reference to Exhibit No. 3.1 to Corteva’s Current Report on Form 8-K (Commission file number 001-38710), filed on June 3, 2019).
3.2	Amended and Restated Bylaws of Corteva, Inc. (incorporated by reference to Exhibit No. 3.1 to Corteva’s Current Report on Form 8-K (Commission file number 001-38710), filed on October 10, 2019).
3.3	Amended and Restated Certificate of Incorporation of E.I. du Pont de Nemours and Company (incorporated by reference to Exhibit 3.1 to E.I. du Pont de Nemours and Company’s Current Report on Form 8-K (Commission file number 1-815) dated September 1, 2017).
3.4	Amended and Restated Bylaws of E.I. du Pont de Nemours and Company (incorporated by reference to Exhibit 3.2 to E.I. du Pont de Nemours and Company's Current Report on Form 8-K (Commission file number 1-815) dated September 1, 2017).
4	Corteva agrees to provide the Commission, on request, copies of instruments defining the rights of holders of long-term debt of Corteva and its subsidiaries.
31.1	Rule 13a-14(a)/15d-14(a) Certification of the company’s and EID’s Principal Executive Officer.
31.2	Rule 13a-14(a)/15d-14(a) Certification of the company’s and EID’s Principal Financial Officer.
32.1	Section 1350 Certification of the company’s and EID’s Principal Executive Officer. The information contained in this Exhibit shall not be deemed filed with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by the registrant under the Securities Act of 1933, as amended.
32.2	Section 1350 Certification of the company’s and EID’s Principal Financial Officer. The information contained in this Exhibit shall not be deemed filed with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by the registrant under the Securities Act of 1933, as amended.
101.INS	XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCH	Inline XBRL Taxonomy Extension Schema Document
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document
104	Cover Page Interactive Data File – The Cover Page XBRL tags are embedded within the Inline XBRL document (included in Exhibit 101.INS)

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SIGNATURE

Corteva, Inc. 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CORTEVA, INC.
(Registrant)
Date:	November 4, 2022
By:	/s/ Brian Titus
	Brian Titus
	Vice President, Controller
	(Principal Accounting Officer)

E. I. du Pont de Nemours and Company

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

E. I. du Pont de Nemours and Company
(Registrant)
Date:	November 4, 2022
By:	/s/ Brian Titus
	Brian Titus
	Vice President, Controller
	(Principal Accounting Officer)

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CONSOLIDATED FINANCIAL STATEMENTS OF E. I. DU PONT DE NEMOURS AND COMPANY

E. I. du Pont de Nemours and Company

Consolidated Statements of Operations (Unaudited) 

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions, except per share amounts)	2022		2021		2022		2021
Net sales	$	2,777	$	2,371	$	13,630	$	12,176
Cost of goods sold	1,879		1,558		7,926		6,988
Research and development expense	312		297		876		871
Selling, general and administrative expenses	657		672		2,409		2,403
Amortization of intangibles	178		180		536		543
Restructuring and asset related charges - net	152		26		300		261
Other income - net	23		378		89		1,013
Interest expense	32		19		76		61
Income (loss) from continuing operations before income taxes	(410)		(3)		1,596		2,062
Provision for (benefit from) income taxes on continuing operations	(77)		(30)		364		425
Income (loss) from continuing operations after income taxes	(333)		27		1,232		1,637
(Loss) income from discontinued operations after income taxes	(6)		(4)		(46)		(59)
Net income (loss)	(339)		23		1,186		1,578
Net income (loss) attributable to noncontrolling interests	—		(1)		1		—
Net income (loss) attributable to E. I. du Pont de Nemours and Company	$	(339)	$	24	$	1,185	$	1,578

See Notes to the Interim Consolidated Financial Statements beginning on page 74.

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E. I. du Pont de Nemours and Company

Consolidated Statements of Comprehensive Income (Loss) (Unaudited)

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Net income (loss)	$	(339)	$	23	$	1,186	$	1,578
Other comprehensive income (loss) - net of tax:
Cumulative translation adjustments	(533)		(264)		(868)		(424)
Adjustments to pension benefit plans	113		10		128		26
Adjustments to other benefit plans	1		(157)		4		(474)
Unrealized gain (loss) on investments	—		—		—		10
Derivative instruments	50		11		42		107
Total other comprehensive income (loss)	(369)		(400)		(694)		(755)
Comprehensive income (loss)	(708)		(377)		492		823
Comprehensive income (loss) attributable to noncontrolling interests - net of tax	—		(1)		1		—
Comprehensive income (loss) attributable to E. I. du Pont de Nemours and Company	$	(708)	$	(376)	$	491	$	823

See Notes to the Interim Consolidated Financial Statements beginning on page 74.

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E. I. du Pont de Nemours and Company

Consolidated Balance Sheets (Unaudited)

(In millions, except share amounts)	September 30, 2022		December 31, 2021		September 30, 2021
Assets
Current assets
Cash and cash equivalents	$	2,199	$	4,459	$	2,779
Marketable securities	119		86		103
Accounts and notes receivable - net	6,273		4,811		5,818
Inventories	5,415		5,180		4,417
Other current assets	1,039		1,010		1,029
Total current assets	15,045		15,546		14,146
Investment in nonconsolidated affiliates	91		76		67
Property, plant and equipment	8,444		8,364		8,270
Less: Accumulated depreciation	4,259		4,035		3,960
Net property, plant and equipment	4,185		4,329		4,310
Goodwill	9,791		10,107		10,130
Other intangible assets	9,461		10,044		10,225
Deferred income taxes	407		438		448
Other assets	1,671		1,804		1,796
Total Assets	$	40,651	$	42,344	$	41,122
Liabilities and Equity
Current liabilities
Short-term borrowings and finance lease obligations	$	1,576	$	17	$	1,372
Accounts payable	4,140		4,126		3,512
Income taxes payable	227		146		95
Deferred revenue	860		3,201		692
Accrued and other current liabilities	2,134		2,070		2,147
Total current liabilities	8,937		9,560		7,818
Long-term debt	1,277		1,100		1,101
Long-term debt - related party	1,066		2,162		2,443
Other noncurrent liabilities
Deferred income tax liabilities	1,123		1,220		930
Pension and other post employment benefits - noncurrent	2,628		3,124		4,583
Other noncurrent obligations	1,621		1,719		1,724
Total noncurrent liabilities	7,715		9,325		10,781
Commitments and contingent liabilities
Stockholders’ equity
Preferred stock, without par value – cumulative; 23,000,000 shares authorized; issued at September 30, 2022, December 31, 2021, and September 30, 2021:
$4.50 Series – 1,673,000 shares (callable at $120)	169		169		169
$3.50 Series – 700,000 shares (callable at $102)	70		70		70
Common stock, $0.30 par value; 1,800,000,000 shares authorized; 200 issued at September 30, 2022, December 31, 2021, and September 30, 2021	—		—		—
Additional paid-in capital	24,252		24,196		24,158
Retained earnings	3,098		1,922		1,771
Accumulated other comprehensive income (loss)	(3,592)		(2,898)		(3,645)
Total E. I. du Pont de Nemours and Company stockholders’ equity	23,997		23,459		22,523
Noncontrolling interests	2		—		—
Total equity	23,999		23,459		22,523
Total Liabilities and Equity	$	40,651	$	42,344	$	41,122

See Notes to the Interim Consolidated Financial Statements beginning on page 74.

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E. I. du Pont de Nemours and Company

Consolidated Statements of Cash Flows (Unaudited)

	Nine Months Ended September 30,
(In millions)	2022		2021
Operating activities
Net income (loss)	$	1,186	$	1,578
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:
Depreciation and amortization	919		926
Provision for (benefit from) deferred income tax	(149)		151
Net periodic pension and OPEB benefit, net	(155)		(959)
Pension and OPEB contributions	(147)		(202)
Net (gain) loss on sales of property, businesses, consolidated companies, and investments	(17)		(1)
Restructuring and asset related charges - net	300		261
Other net loss	181		117
Changes in assets and liabilities, net
Accounts and notes receivable	(1,814)		(1,116)
Inventories	(466)		375
Accounts payable	202		(41)
Deferred revenue	(2,311)		(1,945)
Other assets and liabilities	119		18
Cash provided by (used for) operating activities	(2,152)		(838)
Investing activities
Capital expenditures	(460)		(413)
Proceeds from sales of property, businesses, and consolidated companies - net of cash divested	46		53
Investments in and loans to nonconsolidated affiliates	(9)		(3)
Purchases of investments	(314)		(147)
Proceeds from sales and maturities of investments	274		310
Other investing activities, net	24		(1)
Cash provided by (used for) investing activities	(439)		(201)
Financing activities
Net change in borrowings (less than 90 days)	777		949
Proceeds from related party debt	19		31
Payments on related party debt	(1,116)		(1,047)
Proceeds from debt	1,335		419
Payments on debt	(355)		(1)
Proceeds from exercise of stock options	66		71
Other financing activities, net	(57)		(38)
Cash provided by (used for) financing activities	669		384
Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents	(295)		(78)
Increase (decrease) in cash, cash equivalents and restricted cash equivalents	(2,217)		(733)
Cash, cash equivalents and restricted cash equivalents at beginning of period	4,836		3,873
Cash, cash equivalents and restricted cash equivalents at end of period	$	2,619	$	3,140

See Notes to the Interim Consolidated Financial Statements beginning on page 74.

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E. I. du Pont de Nemours and Company

Consolidated Statements of Equity (Unaudited)

(In millions)	Preferred Stock		Common Stock		Additional Paid-in Capital "APIC"		Retained Earnings		Accum. Other Comp Income (Loss)		Non-controlling Interests		Total Equity
2021
Balance at January 1, 2021	$	239	$	—	$	24,049	$	203	$	(2,890)	$	—	$	21,601
Net income (loss)							591				1		592
Other comprehensive Income (loss)									(477)				(477)
Preferred dividends ($4.50 Series - $1.125 per share, $3.50 Series - $0.875 per share)							(2)						(2)
Issuance of Corteva stock					38								38
Other - net					(4)								(4)
Balance at March 31, 2021	$	239	$	—	$	24,083	$	792	$	(3,367)	$	1	$	21,748
Net income (loss)							963						963
Other comprehensive income (loss)									122				122
Preferred dividends ($4.50 Series - $1.125 per share, $3.50 Series - $0.875 per share)							(3)						(3)
Issuance of Corteva stock					28								28
Share-based compensation					23		(1)						22
Other - net					(3)		1						(2)
Balance at June 30, 2021	$	239	$	—	$	24,131	$	1,752	$	(3,245)	$	1	$	22,878
Net income (loss)							24				(1)		23
Other comprehensive income									(400)				(400)
Preferred dividends ($4.50 Series - $1.125 per share, $3.50 Series - $0.875 per share)							(2)						(2)
Issuance of Corteva Stock					5								5
Share-based compensation					26		(1)						25
Other - net					(4)		(2)						(6)
Balance at September 30, 2021	$	239	$	—	$	24,158	$	1,771	$	(3,645)	$	—	$	22,523

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(In millions)	Preferred Stock		Common Stock		Additional Paid-in Capital "APIC"		Retained Earnings		Accum. Other Comp Income (Loss)		Non-controlling Interests		Total Equity
2022
Balance at January 1, 2022	$	239	$	—	$	24,196	$	1,922	$	(2,898)	$	—	$	23,459
Net income (loss)							559				1		560
Other comprehensive income (loss)									77				77
Preferred dividends ($4.50 Series - $1.125 per share, $3.50 Series - $0.875 per share)							(2)						(2)
Issuance of Corteva stock					40								40
Share-based compensation					(31)								(31)
Other - net					(3)		(1)						(4)
Balance at March 31, 2022	$	239	$	—	$	24,202	$	2,478	$	(2,821)	$	1	$	24,099
Net income (loss)							965						965
Other comprehensive income (loss)									(402)				(402)
Preferred dividends ($4.50 Series - $1.125 per share, $3.50 Series - $0.875 per share)							(3)						(3)
Issuance of Corteva stock					22								22
Share-based compensation					13		(1)						12
Other - net					(2)								(2)
Balance at June 30, 2022	$	239	$	—	$	24,235	$	3,439	$	(3,223)	$	1	$	24,691
Net income (loss)							(339)						(339)
Other comprehensive loss									(369)				(369)
Preferred dividends ($4.50 Series - $1.125 per share, $3.50 Series - $0.875 per share)							(2)						(2)
Issuance of Corteva stock					4								4
Share-based compensation					16		(1)						15
Other - net					(3)		1				1		(1)
Balance at September 30, 2022	$	239	$	—	$	24,252	$	3,098	$	(3,592)	$	2	$	23,999

See Notes to the Interim Consolidated Financial Statements beginning on page 74.

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NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

E. I. du Pont de Nemours and Company

Notes to the Interim Consolidated Financial Statements (Unaudited)

Table of Contents

Note		Page
1	Basis of Presentation	75
2	Related Party Transactions	76
3	Segment Information	76

74

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 1 - BASIS OF PRESENTATION

Corteva, Inc. owns 100% of the outstanding common stock of EID. EID is a subsidiary of Corteva, Inc. and continues to be a reporting company, subject to the requirements of the Exchange Act. The primary differences between Corteva, Inc. and EID are outlined below:

•Preferred Stock - EID has preferred stock outstanding to third parties which is accounted for as a non-controlling interest at the Corteva, Inc. level. Each share of EID Preferred Stock - $4.50 Series and EID Preferred Stock - $3.50 Series issued and outstanding at the effective date of the Corteva Distribution remains issued and outstanding as to EID and was unaffected by the Corteva Distribution.

•Related Party Loan - EID engaged in a series of debt redemptions during the second quarter of 2019 that were partially funded through an intercompany loan from Corteva, Inc. This was eliminated in consolidation at the Corteva, Inc. level but remains on EID's consolidated financial statements at the standalone level (including the associated interest).

•Capital Structure - At September 30, 2022, Corteva, Inc.'s capital structure consists of 716,225,000 issued shares of common stock, par value $0.01 per share.

The accompanying footnotes relate to EID only, and not to Corteva, Inc., and are presented to show differences between EID and Corteva, Inc.

For the footnotes listed below, refer to the following Corteva, Inc. footnotes:

•Note 1 - Summary of Significant Accounting Policies - refer to page 10 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 2 - Recent Accounting Guidance - refer to page 10 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 3 - Revenue - refer to page 11 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 4 - Restructuring and Asset Related Charges - Net - refer to page 13 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 5 - Supplementary Information - refer to page 15 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 6 - Income Taxes - refer to page 17 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 7 - Earnings Per Share of Common Stock - Not applicable for EID

•Note 8 - Accounts and Notes Receivable - Net - refer to page 19 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 9 - Inventories - refer to page 20 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 10 - Other Intangible Assets - refer to page 20 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 11 - Short-Term Borrowings, Long-Term Debt and Available Credit Facilities - refer to page 21 of the Corteva, Inc. interim Consolidated Financial Statements. In addition, EID has a related party loan payable to Corteva, Inc.; refer to EID Note 2 - Related Party Transactions, below

•Note 12 - Commitments and Contingent Liabilities - refer to page 23 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 13 - Stockholders' Equity - refer to page 30 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 14 - Pension Plans and Other Post Employment Benefits - refer to page 33 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 15 - Financial Instruments - refer to page 33 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 16 - Fair Value Measurements - refer to page 39 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 17 - Segment Information - Differences exist between Corteva, Inc. and EID; refer to EID Note 3 - Segment Information, below

•Note 18 - Subsequent Events - refer to page 43 of the Corteva, Inc. interim Consolidated Financial Statements

75

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 2 - RELATED PARTY TRANSACTIONS

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, 2022, December 31, 2021, and September 30, 2021, the outstanding related party loan balance was $1,066 million, $2,162 million, and $2,443 million, respectively (which approximates fair value), with interest rates of 4.12%, 1.67%, and 1.52%, respectively, and is reflected as long-term debt - related party in EID's interim Consolidated Balance Sheets. Additionally, EID has incurred tax deductible interest expense of $14 million and $33 million for the three and nine months ended September 30, 2022, respectively, and $11 million and $39 million for the three and nine months ended September 30, 2021, respectively, associated with the related party loan from Corteva, Inc.

As of September 30, 2022, December 31, 2021, and September 30, 2021, EID had payables to Corteva, Inc., of $24 million, $27 million and $61 million included in accrued and other current liabilities, respectively, and $122 million, $117 million, and $90 million, included in other noncurrent obligations, respectively, in the interim Consolidated Balance Sheets related to Corteva's indemnification liabilities to Dow and DuPont per the Separation Agreements (refer to page 24 of the Corteva, Inc. interim Consolidated Financial Statements for further details of the Separation Agreements).

NOTE 3 - SEGMENT INFORMATION

There are no differences in reporting structure or segments between Corteva, Inc. and EID. In addition, there are no differences between Corteva, Inc. and EID segment net sales, segment operating EBITDA, segment assets, or significant items by segment; refer to page 40 of the Corteva, Inc. interim Consolidated Financial Statements for background information on the segments as well as further details regarding segment metrics. The tables below reconcile income (loss) from continuing operations after income taxes to segment operating EBITDA, as differences exist between Corteva, Inc. and EID.

Reconciliation to interim Consolidated Financial Statements

Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Income (loss) from continuing operations after income taxes	$	(333)	$	27	$	1,232	$	1,637
Provision for (benefit from) income taxes on continuing operations	(77)		(30)		364		425
Income (loss) from continuing operations before income taxes	(410)		(3)		1,596		2,062
Depreciation and amortization	310		309		919		926
Interest income	(36)		(19)		(75)		(58)
Interest expense	32		19		76		61
Exchange (gains) losses	13		(2)		96		47
Non-operating (benefits) costs	(9)		(315)		(134)		(941)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges	(6)		(19)		(3)		3
Significant items (benefit) charge	202		(21)		379		214
Corporate expenses	32		40		83		106
Segment operating EBITDA	$	128	$	(11)	$	2,937	$	2,420

76

EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, Charles V. Magro, certify that:

1.I have reviewed this report on Form 10-Q for the period ended September 30, 2022 of Corteva, Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent function):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	November 4, 2022
By:	/s/ Charles V. Magro
	Charles V. Magro
	Chief Executive Officer

I, Charles V. Magro, certify that:

1.I have reviewed this report on Form 10-Q for the period ended September 30, 2022 of E. I. du Pont de Nemours and Company;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent function):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	November 4, 2022
By:	/s/ Charles V. Magro
	Charles V. Magro
	Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, David J. Anderson, certify that:

1.I have reviewed this report on Form 10-Q for the period ended September 30, 2022 of Corteva, Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent function):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	November 4, 2022
By:	/s/ David J. Anderson
	David J. Anderson
	Executive Vice President and Chief Financial Officer

I, David J. Anderson, certify that:

1.I have reviewed this report on Form 10-Q for the period ended September 30, 2022 of E. I. du Pont de Nemours and Company;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent function):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	November 4, 2022
By:	/s/ David J. Anderson
	David J. Anderson
	Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

Certification of CEO Pursuant to

18 U.S.C. Section 1350,

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Corteva, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2022 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Charles V. Magro, as Chief Executive Officer of the Company, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Charles V. Magro

Charles V. Magro

Chief Executive Officer

November 4, 2022

Certification of CEO Pursuant to

18 U.S.C. Section 1350,

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of E. I. du Pont de Nemours and Company on Form 10-Q for the period ended September 30, 2022 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Charles V. Magro, as Chief Executive Officer of E. I. du Pont de Nemours and Company, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of E. I. du Pont de Nemours and Company.

/s/ Charles V. Magro

Charles V. Magro

Chief Executive Officer

November 4, 2022

EX-32.2

Exhibit 32.2

Certification of CFO Pursuant to

18 U.S.C. Section 1350,

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Corteva, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2022 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), David J. Anderson, as Chief Financial Officer of the Company, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ David J. Anderson

David J. Anderson

Chief Financial Officer

November 4, 2022

Certification of CFO Pursuant to

18 U.S.C. Section 1350,

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of E. I. du Pont de Nemours and Company on Form 10-Q for the period ended September 30, 2022 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), David J. Anderson, as Chief Financial Officer of E. I. du Pont de Nemours and Company, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of E. I. du Pont de Nemours and Company.

/s/ David J. Anderson

David J. Anderson

Chief Financial Officer

November 4, 2022

XML

DEI Document - $ / shares	9 Months Ended
	Sep. 30, 2022	Oct. 28, 2022	Dec. 31, 2021	Sep. 30, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Amendment Flag	false
Document Transition Report	false
Entity File Number	001-38710
Entity Registrant Name	Corteva, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-4979096
Entity Address, Address Line One	9330 Zionsville Road,
Entity Address, City or Town	Indianapolis,
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46268
City Area Code	(833)
Local Phone Number	267-8382
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		714,492,000
Common Stock, Par Value	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Entity Central Index Key	0001755672
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Small Business	false
Entity Current Reporting Status	Yes
Other Address
Document Information [Line Items]
Entity Address, Address Line One	974 Centre Road,
Entity Address, City or Town	Wilmington,
Entity Address, State or Province	DE
Entity Address, Postal Zip Code	19805
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	CTVA
Security Exchange Name	NYSE
EID [Member]
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Amendment Flag	false
Document Transition Report	false
Entity File Number	1-815
Entity Registrant Name	E. I. du Pont de Nemours and Company
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	51-0014090
Entity Address, Address Line One	9330 Zionsville Road,
Entity Address, City or Town	Indianapolis,
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46268
City Area Code	(833)
Local Phone Number	267-8382
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		200
Common Stock, Par Value	$ 0.30	$ 0.30	$ 0.30	$ 0.30
Entity Central Index Key	0000030554
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Small Business	false
Entity Current Reporting Status	Yes
EID [Member] | Other Address
Document Information [Line Items]
Entity Address, Address Line One	974 Centre Road,
Entity Address, City or Town	Wilmington,
Entity Address, State or Province	DE
Entity Address, Postal Zip Code	19805
EID [Member] | $3.50 Series Preferred Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	$3.50 Series Preferred Stock
Trading Symbol	CTAPrA
Security Exchange Name	NYSE
EID [Member] | $4.50 Series Preferred Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	$4.50 Series Preferred Stock
Trading Symbol	CTAPrB
Security Exchange Name	NYSE

XML

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net Sales	$ 2,777	$ 2,371	$ 13,630	$ 12,176
Cost of Goods Sold	1,879	1,558	7,926	6,988
Research and Development Expense	312	297	876	871
Selling, General and Administrative Expenses	657	672	2,409	2,403
Amortization of Intangibles	178	180	536	543
Restructuring and Asset related charges, net	152	26	300	261
Other income - net	23	378	89	1,013
Interest Expense	18	8	43	22
Income from continuing operations before income taxes	(396)	8	1,629	2,101
Provision for (benefit from) income taxes on continuing operations	(74)	(28)	372	434
Income from continuing operations after income taxes	(322)	36	1,257	1,667
Income (loss) from discontinued operations after income taxes	(6)	(4)	(46)	(59)
Net income	(328)	32	1,211	1,608
Net income attributable to noncontrolling interests	3	2	9	8
Net income attributable to Corteva	$ (331)	$ 30	$ 1,202	$ 1,600
Basic earnings (loss) per share of common stock from continuing operations	$ (0.45)	$ 0.05	$ 1.73	$ 2.25
Basic earnings (loss) per share of common stock from discontinued operations	(0.01)	(0.01)	(0.06)	(0.08)
Basic earnings (loss) per share of common stock	(0.46)	0.04	1.67	2.17
Diluted earnings (loss) per share of common stock from continuing operations	(0.45)	0.05	1.72	2.23
Diluted earnings (loss) per share of common stock from discontinued operations	(0.01)	(0.01)	(0.06)	(0.08)
Diluted earnings (loss) per share of common stock	$ (0.46)	$ 0.04	$ 1.66	$ 2.15
EID [Member]
Net Sales	$ 2,777	$ 2,371	$ 13,630	$ 12,176
Cost of Goods Sold	1,879	1,558	7,926	6,988
Research and Development Expense	312	297	876	871
Selling, General and Administrative Expenses	657	672	2,409	2,403
Amortization of Intangibles	178	180	536	543
Restructuring and Asset related charges, net	152	26	300	261
Other income - net	23	378	89	1,013
Interest Expense	32	19	76	61
Income from continuing operations before income taxes	(410)	(3)	1,596	2,062
Provision for (benefit from) income taxes on continuing operations	(77)	(30)	364	425
Income from Continuing Operations After Taxes	(333)	27	1,232	1,637
Income (loss) from discontinued operations after income taxes	(6)	(4)	(46)	(59)
Net income	(339)	23	1,186	1,578
Net income attributable to noncontrolling interests	0	(1)	1	0
Net income attributable to Corteva	$ (339)	$ 24	$ 1,185	$ 1,578

XML

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net income	$ (328)	$ 32	$ 1,211	$ 1,608
Cumulative Translation Adjustments	(533)	(264)	(868)	(424)
Unrealized Gain (Loss) on Investments	0	0	0	10
Derivatives Instruments	50	11	42	107
Total other comprehensive income (loss)	(369)	(400)	(694)	(755)
Comprehensive income (loss)	(697)	(368)	517	853
Comprehensive Income Attributable to Noncontrolling Interest - Net of Tax	3	2	9	8
Comprehensive Income (Loss) Attributable to Corteva	(700)	(370)	508	845
Pension Plan
Adjustments to benefit plans	113	10	128	26
Other Benefit Plans
Adjustments to benefit plans	1	(157)	4	(474)
EID [Member]
Net income	(339)	23	1,186	1,578
Cumulative Translation Adjustments	(533)	(264)	(868)	(424)
Unrealized Gain (Loss) on Investments	0	0	0	10
Derivatives Instruments	50	11	42	107
Total other comprehensive income (loss)	(369)	(400)	(694)	(755)
Comprehensive income (loss)	(708)	(377)	492	823
Comprehensive Income Attributable to Noncontrolling Interest - Net of Tax	0	(1)	1	0
Comprehensive Income (Loss) Attributable to Corteva	(708)	(376)	491	823
EID [Member] | Pension Plan
Adjustments to benefit plans	113	10	128	26
EID [Member] | Other Benefit Plans
Adjustments to benefit plans	$ 1	$ (157)	$ 4	$ (474)

XML

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Cash and cash equivalents	$ 2,199	$ 4,459	$ 2,779
Marketable Securities	119	86	103
Accounts and notes receivable - net	6,273	4,811	5,818
Inventories	5,415	5,180	4,417
Other current assets	1,039	1,010	1,029
Total current assets	15,045	15,546	14,146
Investments in nonconsolidated affiliates	91	76	67
Property, Plant and Equipment	8,444	8,364	8,270
Less: Accumulated Depreciation	4,259	4,035	3,960
Net Property, Plant and Equipment	4,185	4,329	4,310
Goodwill	9,791	10,107	10,130
Other intangible assets	9,461	10,044	10,225
Deferred Income Taxes	407	438	448
Other assets	1,671	1,804	1,796
Total Assets	40,651	42,344	41,122
Short-term borrowings and finance lease obligations	1,576	17	1,372
Accounts payable	4,140	4,126	3,512
Income Taxes Payable	227	146	95
Deferred Revenue	860	3,201	692
Accrued and other current liabilities	2,115	2,068	2,134
Total current liabilities	8,918	9,558	7,805
Long-term Debt	1,277	1,100	1,101
Deferred income tax liabilities	1,123	1,220	930
Pension and other post employment benefits - noncurrent	2,628	3,124	4,583
Other noncurrent obligations	1,621	1,719	1,724
Total noncurrent liabilities	6,649	7,163	8,338
Common stock	7	7	7
Additional Paid in Capital	27,815	27,751	27,712
Retained earnings	614	524	666
Accumulated other comprehensive income (loss)	(3,592)	(2,898)	(3,645)
Total stockholders' equity attributable to the company	24,844	25,384	24,740
Noncontrolling Interests	240	239	239
Total Equity	25,084	25,623	24,979
Liabilities and Equity	40,651	42,344	41,122
EID [Member]
Cash and cash equivalents	2,199	4,459	2,779
Marketable Securities	119	86	103
Accounts and notes receivable - net	6,273	4,811	5,818
Inventories	5,415	5,180	4,417
Other current assets	1,039	1,010	1,029
Total current assets	15,045	15,546	14,146
Investments in nonconsolidated affiliates	91	76	67
Property, Plant and Equipment	8,444	8,364	8,270
Less: Accumulated Depreciation	4,259	4,035	3,960
Net Property, Plant and Equipment	4,185	4,329	4,310
Goodwill	9,791	10,107	10,130
Other intangible assets	9,461	10,044	10,225
Deferred Income Taxes	407	438	448
Other assets	1,671	1,804	1,796
Total Assets	40,651	42,344	41,122
Short-term borrowings and finance lease obligations	1,576	17	1,372
Accounts payable	4,140	4,126	3,512
Income Taxes Payable	227	146	95
Deferred Revenue	860	3,201	692
Accrued and other current liabilities	2,134	2,070	2,147
Total current liabilities	8,937	9,560	7,818
Long-term Debt	1,277	1,100	1,101
Long Term Debt - Related Party	1,066	2,162	2,443
Deferred income tax liabilities	1,123	1,220	930
Pension and other post employment benefits - noncurrent	2,628	3,124	4,583
Other noncurrent obligations	1,621	1,719	1,724
Total noncurrent liabilities	7,715	9,325	10,781
Common stock	0	0	0
Additional Paid in Capital	24,252	24,196	24,158
Retained earnings	3,098	1,922	1,771
Accumulated other comprehensive income (loss)	(3,592)	(2,898)	(3,645)
Total stockholders' equity attributable to the company	23,997	23,459	22,523
Noncontrolling Interests	2	0	0
Total Equity	23,999	23,459	22,523
Liabilities and Equity	40,651	42,344	41,122
EID [Member] | $4.50 Series Preferred Stock [Member]
Preferred Stock	169	169	169
EID [Member] | $3.50 Series Preferred Stock [Member]
Preferred Stock	$ 70	$ 70	$ 70

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Consolidated Balance Sheets (Parentheticals) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Common Stock, Par Value	$ 0.01	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,666,667,000	1,666,667,000	1,666,667,000
Common Stock, Shares, Outstanding	716,225,000	726,527,000	730,267,000
EID [Member]
Common Stock, Par Value	$ 0.30	$ 0.30	$ 0.30
Common Stock, Shares Authorized	1,800,000,000	1,800,000,000	1,800,000,000
Common Stock, Shares, Outstanding	200	200	200
EID [Member] | $4.50 Series Preferred Stock [Member]
Preferred Stock, Par Value	$ 0	$ 0	$ 0
Preferred Stock, Shares Authorized	23,000,000	23,000,000	23,000,000
Preferred Stock, Shares Issued	1,673,000	1,673,000	1,673,000
Preferred Stock, Redemption Amount	$ 120	$ 120	$ 120
EID [Member] | $3.50 Series Preferred Stock [Member]
Preferred Stock, Par Value	$ 0	$ 0	$ 0
Preferred Stock, Shares Authorized	23,000,000	23,000,000	23,000,000
Preferred Stock, Shares Issued	700,000	700,000	700,000
Preferred Stock, Redemption Amount	$ 102	$ 102	$ 102

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Consolidated Statements of Cash Flows - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021
Cash provided by (used for) operating activities
Net income		$ 1,211	$ 1,608
Provision for (benefit from) Deferred Income Tax		(149)	151
Net Periodic Pension and OPEB benefit, net		(155)	(959)
Pension and OPEB Contributions		(147)	(202)
Net loss (gain) on sales of property, businesses, consolidated companies, and investments		(17)	(1)
Restructuring and Asset related charges, net		300	261
Other net loss		181	117
Accounts and notes receivable		(1,814)	(1,116)
Inventories		(466)	375
Accounts Payable		202	(41)
Deferred Revenue		(2,311)	(1,945)
Other Assets and Liabilities		100	7
Cash provided by (used for) operating activities		(2,146)	(819)
Cash provided by (used for) investing activities
Capital expenditures		(460)	(413)
Proceeds from the sale of property, businesses, and consolidated companies, net of cash divested		46	53
Investments in and loans to nonconsolidated affiliates		(9)	(3)
Purchases of investments		(314)	(147)
Proceeds from Sale and Maturities of Investments		274	310
Other investing activities - net		24	(1)
Cash provided by (used for) investing activities		(439)	(201)
Cash provided by (used for) financing activities
Net change in borrowings (less than 90 days)		777	949
Proceeds from debt		1,335	419
Payments on Debt		(355)	(1)
Repurchase of Common Stock		(800)	(750)
Proceeds from Exercise of Stock Options		66	71
Dividends paid to stockholders		(311)	(295)
Other financing activities		(49)	(28)
Cash provided by (used for) financing activities		663	365
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash		(295)	(78)
Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash		(2,217)	(733)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period		4,836	3,873
Cash, Cash Equivalents and Restricted Cash at End of Period	[1]	2,619	3,140
EID [Member]
Cash provided by (used for) operating activities
Net income		1,186	1,578
Depreciation and Amortization		919	926
Provision for (benefit from) Deferred Income Tax		(149)	151
Net Periodic Pension and OPEB benefit, net		(155)	(959)
Pension and OPEB Contributions		(147)	(202)
Net loss (gain) on sales of property, businesses, consolidated companies, and investments		(17)	(1)
Restructuring and Asset related charges, net		300	261
Other net loss		181	117
Accounts and notes receivable		(1,814)	(1,116)
Inventories		(466)	375
Accounts Payable		202	(41)
Deferred Revenue		(2,311)	(1,945)
Other Assets and Liabilities		119	18
Cash provided by (used for) operating activities		(2,152)	(838)
Cash provided by (used for) investing activities
Capital expenditures		(460)	(413)
Proceeds from the sale of property, businesses, and consolidated companies, net of cash divested		46	53
Investments in and loans to nonconsolidated affiliates		(9)	(3)
Purchases of investments		(314)	(147)
Proceeds from Sale and Maturities of Investments		274	310
Other investing activities - net		24	(1)
Cash provided by (used for) investing activities		(439)	(201)
Cash provided by (used for) financing activities
Net change in borrowings (less than 90 days)		777	949
Proceeds from Related Party Debt		19	31
Repayments of Related Party Debt		(1,116)	(1,047)
Proceeds from debt		1,335	419
Payments on Debt		(355)	(1)
Proceeds from Exercise of Stock Options		66	71
Other financing activities		(57)	(38)
Cash provided by (used for) financing activities		669	384
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash		(295)	(78)
Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash		(2,217)	(733)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period		4,836	3,873
Cash, Cash Equivalents and Restricted Cash at End of Period		2,619	3,140
Total company [Member]
Cash provided by (used for) operating activities
Depreciation and Amortization		919	926
Restructuring and Asset related charges, net		300	261
Total company [Member] | EID [Member]
Cash provided by (used for) operating activities
Depreciation and Amortization		919	926
Restructuring and Asset related charges, net		$ 300	$ 261

[1] See page 16 for reconciliation of cash and cash equivalents and restricted cash equivalents presented in interim Consolidated Balance Sheets to total cash, cash equivalents and restricted cash equivalents presented in the interim Consolidated Statements of Cash Flows.

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Statement of Stockholders Equity Statement - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comp (Loss) Income	Noncontrolling Interest [Member]	EID [Member]	EID [Member] Preferred Stock [Member]	EID [Member] Common Stock [Member]	EID [Member] Additional Paid-in Capital [Member]	EID [Member] Retained Earnings [Member]	EID [Member] Accumulated Other Comp (Loss) Income	EID [Member] Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2020	$ 25,063	$ 7	$ 27,707	$ 0	$ (2,890)	$ 239	$ 21,601	$ 239	$ 0	$ 24,049	$ 203	$ (2,890)	$ 0
Net income (loss)	603			600		3	592				591		1
Other comprehensive (loss) income	(477)				(477)		(477)					(477)
Common Dividends	(97)		(97)
Dividends, Preferred Stock							(2)				(2)
Issuance of Corteva Stock	38		38				38			38
Repurchase of common stock	(350)		(18)	(332)
Other-net	(2)					(2)	(4)			(4)
Ending Balance at Mar. 31, 2021	24,778	7	27,630	268	(3,367)	240	21,748	239	0	24,083	792	(3,367)	1
Beginning Balance at Dec. 31, 2020	25,063	7	27,707	0	(2,890)	239	21,601	239	0	24,049	203	(2,890)	0
Net income (loss)	1,608						1,578
Other comprehensive (loss) income	(755)				(755)		(755)
Ending Balance at Sep. 30, 2021	24,979	7	27,712	666	(3,645)	239	22,523	239	0	24,158	1,771	(3,645)	0
Beginning Balance at Mar. 31, 2021	24,778	7	27,630	268	(3,367)	240	21,748	239	0	24,083	792	(3,367)	1
Net income (loss)	973			970		3	963				963
Other comprehensive (loss) income	122				122		122					122
Common Dividends	(95)			(95)
Dividends, Preferred Stock							(3)				(3)
Issuance of Corteva Stock	28		28				28			28
Share-based compensation	22		23	(1)			22			23	(1)
Repurchase of common stock	(200)			(200)
Other-net	(3)		1	(1)		(3)	(2)			(3)	1
Ending Balance at Jun. 30, 2021	25,625	7	27,682	941	(3,245)	240	22,878	239	0	24,131	1,752	(3,245)	1
Net income (loss)	32			30		2	23				24		(1)
Other comprehensive (loss) income	(400)				(400)		(400)					(400)
Common Dividends	(103)			(103)
Dividends, Preferred Stock							(2)				(2)
Issuance of Corteva Stock	5		5				5			5
Share-based compensation	25		26	(1)			25			26	(1)
Repurchase of common stock	(200)			(200)
Other-net	(5)		(1)	(1)		(3)	(6)			(4)	(2)
Ending Balance at Sep. 30, 2021	24,979	7	27,712	666	(3,645)	239	22,523	239	0	24,158	1,771	(3,645)	0
Beginning Balance at Dec. 31, 2021	25,623	7	27,751	524	(2,898)	239	23,459	239	0	24,196	1,922	(2,898)	0
Net income (loss)	567			564		3	560				559		1
Other comprehensive (loss) income	77				77		77					77
Common Dividends	(102)			(102)
Dividends, Preferred Stock							(2)				(2)
Issuance of Corteva Stock	40		40				40			40
Share-based compensation	(31)		(31)				(31)			(31)
Repurchase of common stock	(235)			(235)
Other-net	(3)			(1)		(2)	(4)			(3)	(1)
Ending Balance at Mar. 31, 2022	25,936	7	27,760	750	(2,821)	240	24,099	239	0	24,202	2,478	(2,821)	1
Beginning Balance at Dec. 31, 2021	25,623	7	27,751	524	(2,898)	239	23,459	239	0	24,196	1,922	(2,898)	0
Net income (loss)	1,211						1,186
Other comprehensive (loss) income	(694)				(694)		(694)
Ending Balance at Sep. 30, 2022	25,084	7	27,815	614	(3,592)	240	23,999	239	0	24,252	3,098	(3,592)	2
Beginning Balance at Mar. 31, 2022	25,936	7	27,760	750	(2,821)	240	24,099	239	0	24,202	2,478	(2,821)	1
Net income (loss)	972			969		3	965				965
Other comprehensive (loss) income	(402)				(402)		(402)					(402)
Common Dividends	(101)			(101)
Dividends, Preferred Stock							(3)				(3)
Issuance of Corteva Stock	22		22				22			22
Share-based compensation	12		13	(1)			12			13	(1)
Repurchase of common stock	(365)			(365)
Other-net	(3)					(3)	(2)			(2)
Ending Balance at Jun. 30, 2022	26,071	7	27,795	1,252	(3,223)	240	24,691	239	0	24,235	3,439	(3,223)	1
Net income (loss)	(328)			(331)		3	(339)				(339)
Other comprehensive (loss) income	(369)				(369)		(369)					(369)
Common Dividends	(108)			(108)
Dividends, Preferred Stock							(2)				(2)
Issuance of Corteva Stock	4		4				4			4
Share-based compensation	15		16	(1)			15			16	(1)
Repurchase of common stock	(200)			(200)
Other-net	(1)			2		(3)	(1)			(3)	1		1
Ending Balance at Sep. 30, 2022	$ 25,084	$ 7	$ 27,815	$ 614	$ (3,592)	$ 240	$ 23,999	$ 239	$ 0	$ 24,252	$ 3,098	$ (3,592)	$ 2

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Statement of Stockholders' Equity Parentheticals (Parentheticals) - $ / shares	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Common Stock, Dividends, Per Share, Declared	$ 0.15	$ 0.14	$ 0.14	$ 0.14	$ 0.13	$ 0.13
EID [Member] | $4.50 Series Preferred Stock [Member]
Preferred Stock, Dividends Per Share, Declared							$ 1.125	$ 1.125
EID [Member] | $3.50 Series Preferred Stock [Member]
Preferred Stock, Dividends Per Share, Declared							$ 0.875	$ 0.875

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Summary of Significant Accounting Policies (Notes)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") for interim financial information and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair statement of the results for interim periods have been included. Results for interim periods should not be considered indicative of results for a full year. These interim Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto contained in the company’s Annual Report on Form 10-K for the year ended December 31, 2021, collectively referred to as the “2021 Annual Report.” The interim Consolidated Financial Statements include the accounts of the company and all of its subsidiaries in which a controlling interest is maintained.

Since 2018, Argentina has been considered a hyper-inflationary economy under U.S. GAAP and therefore the U.S. Dollar (“USD”) is the functional currency for our related subsidiaries. Argentina contributes approximately 5 percent to both the company's annual Sales and EBITDA. We remeasure net monetary assets and translate our financial statements utilizing the official Argentine Peso (“Peso”) to USD exchange rate. The ability to draw down Peso cash balances is limited at this time due to government restrictions and market availability of U.S. Dollars. The devaluation of the Peso relative to the USD over the last several years has resulted in the recognition of exchange losses (refer to Note 5 – Supplementary Information, to the interim Consolidated Financial Statements, and Note 9 – Supplemental Information, to the company's 2021 Annual Report). As of September 30, 2022, a further 10 percent deterioration in the official Peso to USD exchange rate would reduce the USD value of our net monetary assets and negatively impact pre-tax earnings by approximately $20 million. We will continue to assess the implications to our operations and financial reporting.

In April 2022, the company implemented a global business unit organization model (“BU Reorganization”). While the new organization model had no impact on our determination of operating segments, it did result in the company’s digital reporting unit being merged into the seed and crop protection reporting units with the goodwill relating to the former digital reporting unit being reassigned to the seed and crop protection reporting units using a relative fair value allocation approach. The impact of the BU Reorganization did not have a material impact to the company’s historical reportable segments’ financial measures. An interim goodwill impairment assessment immediately prior to the BU Reorganization and for the seed and crop protection reporting units immediately after the BU Reorganization resulted in no goodwill impairment charges.

Qualitative impairment assessments were performed for the seed and crop protection reporting units. The qualitative assessments included an evaluation of relevant factors including GDP growth rates, long-term commodity prices, equity and credit market activity, discount rates, changes in the industry and market structure, competitive environments, cost factors such as raw material prices, and overall financial performance. Based on the qualitative assessments performed, it was more likely than not that the fair value of each reporting unit exceeded the carrying value and therefore a quantitative test was not performed. A quantitative impairment assessment was performed for the former digital reporting unit using a combination of the discounted cash flow model (a form of the income approach) and the market approach. Under the income approach, fair value is determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. The company's significant assumptions in this analysis included future cash flow projections, weighted average cost of capital, the terminal growth rate and the tax rate. The company’s estimate of future cash flows is based on current regulatory and economic climates, recent operating results, and assumed business strategy from a market participant perspective and includes an estimate of a long-term future growth rate based on such strategy. Actual results may differ from those assumed in the company’s forecast. The company derives its discount rate using a capital asset pricing model and analyzes published rates for industries relevant to its reporting unit to estimate the cost of equity financing. The company uses a discount rate that is commensurate with the risks and uncertainty inherent in the reporting unit and in its internally developed forecast. Under the market approach, the company uses historically completed transactions for comparable companies.

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Recent Accounting Guidance

9 Months Ended

Sep. 30, 2022

Accounting Changes and Error Corrections [Abstract]

Recent Accounting Guidance

RECENT ACCOUNTING GUIDANCE

Recently Adopted Accounting Guidance

In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance, which requires business entities to disclose transactions with a governmental entity for which a grant or contribution accounting model is used in recognizing and measuring such transactions. This standard is effective for fiscal years beginning after December 15, 2021, and early adoption is permitted. The company adopted this guidance on January 1, 2022 and it did not have a material impact on the company’s disclosures.

Accounting Guidance Issued But Not Adopted as of September 30, 2022

In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. This ASU includes amendments that require a buyer in supplier finance programs to disclose key terms of the programs and related obligations, including a rollforward of such obligations. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the rollforward requirements, which is effective for fiscal years beginning after December 15, 2023, and early adoption is permitted. Retrospective application to all periods in which a balance sheet is presented is required, except for the rollforward requirement, which will be applied prospectively. The adoption of this guidance will result in the company being required to include certain disclosures relating to supplier financing programs and related obligations.

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Revenue (Notes)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer

REVENUE

Revenue Recognition

Products

Substantially all of Corteva's revenue is derived from product sales. Product sales consist of sales of Corteva's products to farmers, distributors, and manufacturers. Corteva considers purchase orders, which in some cases are governed by master supply agreements, to be a contract with a customer. Contracts with customers are considered to be short-term when the time between order confirmation and satisfaction of the performance obligations is equal to or less than one year. However, the company has some long-term contracts which can span multiple years.

Revenue from product sales is recognized when the customer obtains control of the company's product, which occurs at a point in time according to shipping terms. Payment terms are generally less than one year from invoicing. The company elected the practical expedient and does not adjust the promised amount of consideration for the effects of a significant financing component when the company expects it will be one year or less between when a customer obtains control of the company's product and when payment is due. When the company performs shipping and handling activities after the transfer of control to the customer (e.g., when control transfers prior to or at shipment), these are considered fulfillment activities, and accordingly, the costs are accrued when the related revenue is recognized. Taxes collected from customers relating to product sales and remitted to governmental authorities are excluded from revenues. In addition, the company elected the practical expedient to expense any costs to obtain contracts as incurred, as the amortization period for these costs would have been one year or less.

The transaction price includes estimates of variable consideration, such as rights of return, rebates, and discounts, that are reductions in revenue. All estimates are based on the company's historical experience, anticipated performance, and the company's best judgment at the time the estimate is made. Estimates of variable consideration included in the transaction price primarily utilize the expected value method based on historical experience. These estimates are reassessed each reporting period and are included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur upon resolution of uncertainty associated with the variable consideration. The majority of contracts have a single performance obligation satisfied at a point in time and the transaction price is stated in the contract, usually as quantity times price per unit. For contracts with multiple performance obligations, the company allocates the transaction price to each performance obligation based on the relative standalone selling price. The standalone selling price is the observable price which depicts the price as if sold to a similar customer in similar circumstances.

Licenses of Intellectual Property

Corteva enters into licensing arrangements with customers under which it licenses its intellectual property. Revenue from the majority of intellectual property licenses is derived from sales-based royalties. Revenue for licensing agreements that contain sales-based royalties is recognized at the later of (i) when the subsequent sale occurs or (ii) when the performance obligation to which some or all of the royalty has been allocated is satisfied.

Remaining Performance Obligations

Remaining performance obligations represent the transaction price allocated to unsatisfied or partially unsatisfied performance obligations. The company applies the practical expedient to disclose the transaction price allocated to the remaining performance obligations for only those contracts with an original duration of more than one year. The transaction price allocated to remaining performance obligations with an original duration of more than one year related to material rights granted to customers for contract renewal options were $129 million, $123 million and $122 million at September 30, 2022, December 31, 2021 and September 30, 2021, respectively. The company expects revenue to be recognized for the remaining performance obligations evenly over the period of one year to six years.

Contract Balances

Contract liabilities primarily reflect deferred revenue from prepayments under contracts with customers where the company receives advance payments for products to be delivered in future periods. Corteva classifies deferred revenue as current or noncurrent based on the timing of when the company expects to recognize revenue. Contract assets primarily include amounts related to conditional rights to consideration for completed performance not yet invoiced. Accounts receivable are recorded when the right to consideration becomes unconditional.

Contract Balances	September 30, 2022		December 31, 2021		September 30, 2021
(In millions)
Accounts and notes receivable - trade1	$	4,875	$	3,561	$	4,744
Contract assets - current2	$	25	$	24	$	24
Contract assets - noncurrent3	$	62	$	58	$	60
Deferred revenue - current	$	860	$	3,201	$	692
Deferred revenue - noncurrent4	$	108	$	120	$	111

1.Included in accounts and notes receivable - net in the interim Consolidated Balance Sheets.

2.Included in other current assets in the interim Consolidated Balance Sheets.

3.Included in other assets in the interim Consolidated Balance Sheets.

4.Included in other noncurrent obligations in the interim Consolidated Balance Sheets.

Revenue recognized during the nine months ended September 30, 2022 and 2021 from amounts included in deferred revenue at the beginning of the period was $3,049 million and $2,454 million, respectively.

Disaggregation of Revenue

Corteva's operations are classified into two reportable segments: Seed and Crop Protection. The company disaggregates its revenue by major product line and geographic region, as the company believes it best depicts the nature, amount and timing of its revenue and cash flows. Net sales by major product line are included below:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Corn	$	469	$	437	$	4,621	$	4,505
Soybean	205		157		1,685		1,494
Other oilseeds	124		94		647		661
Other	64		50		380		350
Seed	862		738		7,333		7,010
Herbicides	1,043		782		3,472		2,737
Insecticides	363		416		1,275		1,261
Fungicides	421		339		1,173		911
Other	88		96		377		257
Crop Protection	1,915		1,633		6,297		5,166
Total	$	2,777	$	2,371	$	13,630	$	12,176

Sales are attributed to geographic regions based on customer location. Net sales by geographic region and segment are included below:

Seed	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
North America1	$	218	$	168	$	4,637	$	4,482
EMEA2	157		153		1,442		1,398
Latin America	383		334		912		842
Asia Pacific	104		83		342		288
Total	$	862	$	738	$	7,333	$	7,010

Crop Protection	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
North America1	$	521	$	422	$	2,185	$	1,693
EMEA2	297		237		1,452		1,304
Latin America	898		763		1,852		1,361
Asia Pacific	199		211		808		808
Total	$	1,915	$	1,633	$	6,297	$	5,166

1.Represents U.S. & Canada.

2.Europe, Middle East, and Africa ("EMEA").

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Restructuring and Asset Related Charges

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

RESTRUCTURING AND ASSET RELATED CHARGES - NET

2022 Restructuring Actions

In connection with the company’s shift to a global business unit model, the company has assessed its business priorities and operational structure to maximize the customer experience and deliver on growth and earnings potential. As a result of this assessment, the company has committed to restructuring actions that, combined with the impact of the company’s separate announcement to withdraw from Russia (“Russia Exit”) (collectively the “2022 Restructuring Actions”), is expected to result in total net pre-tax restructuring and other charges of $350 million to $420 million comprised of $105 million to $120 million of severance and related benefit costs, $155 million to $180 million of asset related charges, $65 million to $80 million of costs related to contract terminations (contract terminations includes early lease terminations) and $25 million to $40 million of other charges. Future cash payments related to these charges are anticipated to be $150 million to $175 million, primarily related to the payment of severance and related benefits, contract terminations and other charges. The restructuring actions associated with these charges are expected to be substantially complete in 2023.

The total net pre-tax restructuring and other charges included $47 million associated with the Russia Exit for the nine months ended September 30, 2022. The Russia Exit net pre-tax restructuring charges consisted of $6 million of severance and related benefit costs, $3 million of asset related charges, and $28 million of costs related to contract terminations (contract terminations includes early lease terminations). The company also recorded other pre-tax charges associated with the Russia Exit to cost of goods sold and other income – net in the interim Consolidated Statement of Operations, relating to inventory write-offs of $2 million and settlement costs of $8 million, respectively. Additional pre-tax charges up to $20 million associated with the Russia Exit are possible, primarily associated with government receivables.

The charges related to the 2022 Restructuring Actions related to the segments, as well as corporate expenses, for the three and nine months ended September 30, 2022 were as follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
(In millions)	2022		2022
Seed	$	61	$	94
Crop Protection	19		20
Corporate expenses	66		88
Total1	$	146	$	202

1.This amount excludes the pre-tax charges impacting Seed recorded to cost of goods sold and other income - net in the company's interim Consolidated Statement of Operations, relating to inventory write-offs of $33 million, and a gain on sale of a business of $15 million, settlement costs associated with the Russia Exit, and charges associated with the exit of a non-strategic asset of $5 million, respectively.

The following table is a summary of charges incurred related to 2022 Restructuring Actions for the three and nine months ended September 30, 2022:

	Three Months Ended September 30,		Nine Months Ended September 30,
(In millions)	2022		2022
Severance and related benefit costs	$	66	$	88
Asset related charges	66		70
Contract termination charges1	14		44
Total restructuring and asset related charges - net2	$	146	$	202

1.Contract terminations includes early lease terminations.

2.This amount excludes the pre-tax charges recorded to the cost of goods sold and other income - net in the interim Consolidated Statement of Operations, relating to inventory write-offs of $33 million, and a gain on sale of a business of $15 million, settlement costs associated with the Russia Exit and charges associated with the exit of a non-strategic asset of $5 million, respectively.

A reconciliation of the December 31, 2021 to the September 30, 2022 liability balances related to the 2022 Restructuring Actions is summarized below:

(in millions)	Severance and Related Benefit Costs		Asset Related		Contract Termination1		Total
Balance at December 31, 2021	$	—	$	—	$	—	$	—
Charges to income (loss) from continuing operations	88		70		44		202
Payments	(19)		—		(5)		(24)
Asset write-offs	—		(70)		—		(70)
Balance at September 30, 2022	$	69	$	—	$	39	$	108

1.The liability for contract terminations includes lease obligations. The cash impact of these obligations will be substantially complete by the end of 2022.

2021 Restructuring Actions

During the first quarter of 2021, Corteva approved restructuring actions designed to right-size and optimize its footprint and organizational structure according to the business needs in each region with the focus on driving continued cost improvement and productivity. Through the third quarter of 2022, the company recorded net pre-tax restructuring charges of $166 million inception-to-date under the 2021 Restructuring Actions, consisting of $77 million of severance and related benefit costs, $44 million of asset related charges, $6 million of asset retirement obligations and $39 million of costs related to contract terminations (contract terminations includes early lease terminations). The company does not anticipate any additional material charges from the 2021 Restructuring Actions as actions associated with this charge were substantially complete by the end of 2021.

The charges related to the 2021 Restructuring Actions related to the segments, as well as corporate expenses, for the three and nine months ended September 30, 2022 and 2021 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Seed	$	1	$	4	$	(1)	$	21
Crop Protection	(1)		4		(3)		41
Corporate expenses	—		9		3		65
Total	$	—	$	17	$	(1)	$	127

The following table is a summary of charges incurred related to 2021 Restructuring Actions for the three and nine months ended September 30, 2022 and 2021:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Severance and related benefit costs	$	—	$	9	$	3	$	58
Asset related charges	—		7		(1)		29
Contract termination charges	—		1		(3)		40
Total restructuring and asset related charges - net	$	—	$	17	$	(1)	$	127

A reconciliation of the December 31, 2021 to the September 30, 2022 liability balances related to the 2021 Restructuring Actions is summarized below:

(In millions)	Severance and Related Benefit Costs		Asset Related1		Contract Termination		Total
Balance at December 31, 2021	$	52	$	—	$	12	$	64
Charges to income (loss) from continuing operations	3		(1)		(3)		(1)
Payments	(35)		—		(8)		(43)
Asset write-offs	—		1		—		1
Balance at September 30, 2022	$	20	$	—	$	1	$	21

1.In addition, the company has a liability recorded for asset retirement obligations of $3 million as of September 30, 2022.

Other Asset Related Charges

The company recognized $5 million and $104 million for the three and nine months ended September 30, 2022, respectively, and $5 million and $124 million for the three and nine months ended September 30, 2021, respectively, in restructuring and asset related charges - net in the interim Consolidated Statement of Operations, from non-cash accelerated prepaid royalty amortization expense related to Roundup Ready 2 Yield® and Roundup Ready 2 Xtend® herbicide tolerance traits.

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Supplementary Information

9 Months Ended

Sep. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Additional Financial Information Disclosure [Text Block]

SUPPLEMENTARY INFORMATION

Other Income - Net	Three Months Ended September				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Interest income	$	36	$	19	$	75	$	58
Equity in earnings (losses) of affiliates - net	(1)		(1)		13		4
Net gain (loss) on sales of businesses and other assets	16		1		17		2
Net exchange gains (losses)1	(13)		2		(96)		(47)
Non-operating pension and other post employment benefit credit (costs)2	22		326		170		979
Miscellaneous income (expenses) - net3	(37)		31		(90)		17
Other income - net	$	23	$	378	$	89	$	1,013

1.Includes net pre-tax exchange gains (losses) of $(32) million and $(65) million associated with the devaluation of the Argentine peso for the three and nine months ended September 30, 2022, respectively, and $(16) million and $(53) million for the three and nine months ended September 30, 2021, respectively.

2.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 settlement gain (loss)).

3.Miscellaneous income (expenses) - net for the three and nine months ended September 30, 2022 and 2021 includes losses on 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. Miscellaneous income (expenses) - net for the three and nine months ended September 30, 2022 also includes estimated settlement reserves, settlement cost associated with the Russia Exit and an Employee Retention Credit, and the nine months ended September 30, 2022 also includes charges associated with the exit of a non-strategic asset. Additionally, the three and nine months ended September 30, 2021 includes a gain from remeasurement of an equity investment and the nine months ended September 30, 2021 includes realized losses on sale of available-for-sale securities.

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 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 other income - net and the related tax impact is recorded in provision for (benefit from) income taxes on continuing operations in the interim Consolidated Statements of Operations.

(In millions)	Three Months Ended September				Nine Months Ended September 30,
	2022		2021		2022		2021
Subsidiary Monetary Position Gain (Loss)
Pre-tax exchange gain (loss)	$	(80)	$	(32)	$	(120)	$	(47)
Local tax (expenses) benefits	(40)		3		(61)		(11)
Net after-tax impact from subsidiary exchange gain (loss)	$	(120)	$	(29)	$	(181)	$	(58)
Hedging Program Gain (Loss)
Pre-tax exchange gain (loss)	$	67	$	34	$	24	$	—
Tax (expenses) benefits	(15)		(8)		(5)		—
Net after-tax impact from hedging program exchange gain (loss)	$	52	$	26	$	19	$	—
Total Exchange Gain (Loss)
Pre-tax exchange gain (loss)	$	(13)	$	2	$	(96)	$	(47)
Tax (expenses) benefits	(55)		(5)		(66)		(11)
Net after-tax exchange gain (loss)	$	(68)	$	(3)	$	(162)	$	(58)

Cash, cash equivalents and restricted cash equivalents

The following table provides a reconciliation of cash and cash equivalents and restricted cash equivalents presented in the interim Consolidated Balance Sheets to the total cash, cash equivalents and restricted cash equivalents presented in the interim Consolidated Statements of Cash Flows. Corteva classifies restricted cash equivalents as current or noncurrent based on the nature of the restrictions, which are included in other current assets and other assets, respectively, in the interim Consolidated Balance Sheets.

(In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Cash and cash equivalents	$	2,199	$	4,459	$	2,779
Restricted cash equivalents	420		377		361
Total cash, cash equivalents and restricted cash equivalents	$	2,619	$	4,836	$	3,140

Restricted cash equivalents primarily relates to a trust funded by EID for cash obligations under certain non-qualified benefit and deferred compensation plans due to the Merger, which was a change in control event, and is classified as current. Restricted cash equivalents for September 30, 2022 and December 31, 2021 also includes contributions to escrow accounts established for the settlement of certain legal matters, which is classified as current, and the settlement of legacy PFAS matters and the associated qualified spend, which is classified as noncurrent.

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Income Taxes

9 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

INCOME TAXES

For periods between the Merger and the Corteva Distribution, Corteva and its subsidiaries were included in DowDuPont's consolidated federal income tax group and consolidated tax return. Generally, the consolidated tax liability of the DowDuPont U.S. tax group for each year was apportioned among the members of the consolidated group based on each member’s separate taxable income. Corteva, DuPont and Dow intend that to the extent Federal and/or State corporate income tax liabilities are reduced through the utilization of tax attributes of the other, settlement of any receivable and payable generated from the use of the other party’s sub-group attributes will be in accordance with a tax matters agreement. See Note 12 - Commitments and Contingent Liabilities, for further information related to indemnifications between Corteva, DuPont and Dow.

Each year the company files hundreds of tax returns in the various national, state and local income taxing jurisdictions in which it operates. These tax returns are subject to examination and possible challenge by the tax authorities. Positions challenged by the tax authorities may be settled or appealed by the company. As a result, there is an uncertainty in income taxes recognized in the company's financial statements in accordance with accounting for income taxes and accounting for uncertainty in income taxes. The ultimate resolution of such uncertainties is not expected to have a material impact on the company's results of operations.

During the three and nine months ended September 30, 2022, the company recognized a tax benefit of $55 million to provision for income taxes on continuing operations related to the impact of a change in a U.S. legal entity's tax characterization, resulting in the establishment of deferred taxes.

During the three months ended September 30, 2022, the company recognized $9 million of net tax charges to provision for income taxes on continuing operations associated with changes in accruals and deferred taxes for certain prior year tax positions and valuation allowances, partially offset by tax benefits associated with U.S. state tax rate changes.

During the nine months ended September 30, 2022, the company recognized $39 million of net tax benefits to provision for income taxes on continuing operations associated with changes in accruals and deferred taxes for certain prior year tax positions in various jurisdictions, U.S state tax rate changes, and stock-based compensation, partially offset by changes in valuation allowances.

During the three and nine months ended September 30, 2021, the company recognized $32 million and $58 million, respectively, of net tax benefits to provision for income taxes on continuing operations associated with changes in accruals for certain prior year tax positions in various jurisdictions, including a $22 million tax benefit associated with U.S. research and development credits.

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 the program, which resides in the U.S., 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, which can drive material impacts on the company's effective tax rate. For further discussion of pre-tax and after-tax impacts of the company's foreign currency hedging program and net monetary asset programs, refer to Note 5 - Supplementary Information.

On August 16, 2022, the U.S. federal government enacted the Inflation Reduction Act of 2022 (“the Act”). The Act includes tax provisions, among other things, which implements (i) a 15 percent minimum tax on book income of certain large corporations; (ii) a one percent excise tax on net stock repurchases; and (iii) several tax incentives to promote clean energy. The company does not expect the Act to have a material impact on the company’s financial position, results of operations or cash flows.

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Earnings Per Share (Notes)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

EARNINGS PER SHARE OF COMMON STOCK

The following tables provide earnings per share calculations for the periods indicated below:

Net Income (Loss) for Earnings (Loss) Per Share Calculations - Basic and Diluted	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Income (loss) from continuing operations after income taxes	$	(322)	$	36	$	1,257	$	1,667
Net income (loss) attributable to continuing operations noncontrolling interests	3		2		9		8
Income (loss) from continuing operations available to Corteva common stockholders	(325)		34		1,248		1,659
(Loss) income from discontinued operations available to Corteva common stockholders	(6)		(4)		(46)		(59)
Net income (loss) available to common stockholders	$	(331)	$	30	$	1,202	$	1,600

Earnings (Loss) Per Share Calculations - Basic	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars per share)	2022		2021		2022		2021
Earnings (loss) per share of common stock from continuing operations	$	(0.45)	$	0.05	$	1.73	$	2.25
(Loss) earnings per share of common stock from discontinued operations	(0.01)		(0.01)		(0.06)		(0.08)
Earnings (loss) per share of common stock	$	(0.46)	$	0.04	$	1.67	$	2.17

Earnings (Loss) Per Share Calculations - Diluted	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars per share)	2022		2021		2022		2021
Earnings (loss) per share of common stock from continuing operations	$	(0.45)	$	0.05	$	1.72	$	2.23
(Loss) earnings per share of common stock from discontinued operations	(0.01)		(0.01)		(0.06)		(0.08)
Earnings (loss) per share of common stock	$	(0.46)	$	0.04	$	1.66	$	2.15

Share Count Information	Three Months Ended September 30,		Nine Months Ended September 30,
(Shares in millions)	2022	2021	2022	2021
Weighted-average common shares - basic	718.7	733.8	722.8	738.1
Plus dilutive effect of equity compensation plans1	—	5.7	3.6	5.9
Weighted-average common shares - diluted	718.7	739.5	726.4	744.0
Potential shares of common stock excluded from EPS calculations2	6.1	3.0	2.2	3.1

1.Diluted earnings (loss) per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect.

2.These outstanding potential shares of common stock relating to stock options, restricted stock units and performance-based restricted stock units were excluded from the calculation of diluted earnings (loss) per share because (i) the effect of including them would have been anti-dilutive; and (ii) the performance metrics have not yet been achieved for the outstanding potential shares relating to performance-based restricted stock units, which are deemed to be contingently issuable.

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Accounts and Notes Receivable (Notes)

9 Months Ended

Sep. 30, 2022

Accounts and Notes Receivable [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

ACCOUNTS AND NOTES RECEIVABLE - NET

(In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Accounts receivable – trade1	$	3,642	$	3,441	$	3,336
Notes receivable – trade1,2	1,233		120		1,408
Other3	1,398		1,250		1,074
Total accounts and notes receivable - net	$	6,273	$	4,811	$	5,818

1.Accounts receivable – trade and notes receivable - trade are net of allowances of $213 million at September 30, 2022, and $210 million at December 31, 2021, and September 30, 2021. Allowances are equal to the estimated uncollectible amounts and are based on the expected credit losses and were developed using a loss-rate method.

2.Notes receivable – trade primarily consists of receivables for deferred payment loan programs for the sale of seed and chemical products to customers. These loans have terms of one year or less and are primarily concentrated in North America. The company maintains a rigid approval process for extending credit to customers in order to manage overall risk and exposure associated with credit losses. As of September 30, 2022, December 31, 2021, and September 30, 2021 there were no significant impairments related to current loan agreements.

3.Other includes receivables in relation to indemnification assets, value added tax, general sales tax and other taxes. No individual group represents more than 10 percent of total receivables. In addition, Other includes amounts due from nonconsolidated affiliates of $132 million, $104 million, and $84 million as of September 30, 2022, December 31, 2021, and September 30, 2021, respectively.

Accounts and notes receivable are carried at the expected amount to be collected, which approximates fair value. The company establishes the allowance for doubtful receivables using a loss-rate method where the loss rate is developed using past events, historical experience, current conditions and forecasts that affect the collectability of the financial assets.

The following table summarizes changes in the allowance for doubtful receivables for the three months ended September 30, 2022 and 2021:

(In millions)
2021
Balance at December 31, 2020	$	208
Net benefit for credit losses	(7)
Write-offs charged against allowance / other	9
Balance at September 30, 2021	$	210
2022
Balance at December 31, 2021	$	210
Net provision for credit losses	4
Write-offs charged against allowance / other	(1)
Balance at September 30, 2022	$	213

The company enters into various factoring agreements with third-party financial institutions to sell its trade receivables under both recourse and non-recourse agreements in exchange for cash proceeds. These financing arrangements result in a transfer of the company's receivables and risks to the third-party. As these transfers qualify as true sales under the applicable accounting guidance, the receivables are derecognized from the interim Consolidated Balance Sheets upon transfer, and the company receives a payment for the receivables from the third-party within a mutually agreed upon time period. For arrangements involving an element of recourse, which is typically provided through a guarantee of accounts in the event of customer default, the guarantee obligation is measured using market data from similar transactions and reported as a current liability in the interim Consolidated Balance Sheets.

Trade receivables sold under these agreements were $35 million and $130 million for the three and nine months ended September 30, 2022 and $70 million and $257 million for the three and nine months ended September 30, 2021, respectively. The trade receivables sold that remained outstanding under these agreements which include an element of recourse as of September 30, 2022, December 31, 2021, and September 30, 2021 were $47 million, $166 million, and $173 million, respectively. The net proceeds received are included in cash provided by (used for) operating activities in the interim Consolidated Statements of Cash Flows. The difference between the carrying amount of the trade receivables sold and the sum of the cash received is recorded as a loss on sale of receivables in other income - net in the interim Consolidated Statements of Operations. The loss on sale of receivables for the three and nine months ended September 30, 2022 was $6 million and $19 million, and $11 million and $54 million for the three and nine months ended September 30, 2021, respectively. See Note 12 - Commitments and Contingent Liabilities for additional information on the company’s guarantees.

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Inventories

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

INVENTORIES

(In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Finished products	$	2,082	$	2,497	$	1,871
Semi-finished products	2,557		2,076		2,028
Raw materials and supplies	776		607		518
Total inventories	$	5,415	$	5,180	$	4,417

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Other Intangible Assets

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

OTHER INTANGIBLE ASSETS

The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows: 

(In millions)	September 30, 2022						December 31, 2021						September 30, 2021
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets subject to amortization (Definite-lived):
Germplasm	$	6,265	$	(762)	$	5,503	$	6,265	$	(571)	$	5,694	$	6,265	$	(507)	$	5,758
Customer-related	1,890		(550)		1,340		1,953		(487)		1,466		1,956		(460)		1,496
Developed technology	1,485		(790)		695		1,485		(679)		806		1,485		(641)		844
Trademarks/trade names	2,006		(231)		1,775		2,012		(172)		1,840		2,012		(152)		1,860
Favorable supply contracts	475		(467)		8		475		(396)		79		475		(373)		102
Other1	395		(265)		130		405		(256)		149		407		(252)		155
Total other intangible assets with finite lives	12,516		(3,065)		9,451		12,595		(2,561)		10,034		12,600		(2,385)		10,215
Intangible assets not subject to amortization (Indefinite-lived):
IPR&D	10		—		10		10		—		10		10		—		10
Total other intangible assets	10		—		10		10		—		10		10		—		10
Total	$	12,526	$	(3,065)	$	9,461	$	12,605	$	(2,561)	$	10,044	$	12,610	$	(2,385)	$	10,225

1.Primarily consists of sales and farmer networks, marketing and manufacturing alliances and noncompetition agreements.

The aggregate pre-tax amortization expense from continuing operations for definite-lived intangible assets was $178 million and $536 million for the three and nine months ended September 30, 2022, respectively and $180 million and $543 million for the three and nine months ended September 30, 2021, respectively. The current estimated aggregate pre-tax amortization expense from continuing operations for the remainder of 2022 and each year of the next five years is approximately $164 million, $616 million, $602 million, $565 million, $554 million and $494 million, respectively.

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Short-Term Borrowings, Long-Term Debt and Available Credit Facilities

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

SHORT-TERM BORROWINGS, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES

The following tables summarize Corteva's short-term borrowings and finance lease obligations and long-term debt:

Short-term borrowings and finance lease obligations
(In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Commercial paper	$	1,369	$	—	$	802
Repurchase facility	200		—		550
Other loans - various currencies	6		15		18
Long-term debt payable within one year	—		1		1
Finance lease obligations payable within one year	1		1		1
Total short-term borrowings and finance lease obligations	$	1,576	$	17	$	1,372

Long-term debt
(in millions)	September 30, 2022				December 31, 2021				September 30, 2021
	Amount		Weighted Average Rate		Amount		Weighted Average Rate		Amount		Weighted Average Rate
Promissory notes and debentures:
Maturing in 2025	$	500	1.70	%	$	500	1.70	%	$	500	1.70	%
Maturing in 2030	500		2.30	%	500		2.30	%	500		2.30	%
Other loans:
Foreign currency loans, various rates and maturities	176		14.80	%	1		6.82	%	1		6.38	%
Medium-term notes, varying maturities through 2041	107		2.87	%	107		—	%	108		—	%
Finance lease obligations	2				3				3
Less: Unamortized debt discount and issuance costs	8				10				10
Less: Long-term debt due within one year	—				1				1
Total long-term debt	$	1,277			$	1,100			$	1,101

The estimated fair value of the company's short-term and long-term borrowings, including interest rate financial instruments, was determined using Level 2 inputs within the fair value hierarchy. Based on quoted market prices for the same or similar issues, or on current rates offered to the company for debt of the same remaining maturities, the fair value of the company's short-term borrowings and finance lease obligations was approximately carrying value.

The fair value of the company’s long-term borrowings, including debt due within one year, was $1,154 million, $1,121 million, and $1,134 million as of September 30, 2022, December 31, 2021, and September 30, 2021, respectively.

Repurchase Facility

In February 2022, the company entered into a new committed receivable repurchase facility of up to $500 million (the "2022 Repurchase Facility") which expires in December 2022. Under the 2022 Repurchase Facility, Corteva may sell a portfolio of available and eligible outstanding customer notes receivables to participating institutions and simultaneously agree to repurchase at a future date. The 2022 Repurchase Facility is considered a secured borrowing with the customer notes receivables inclusive of those that are sold and repurchased, equal to 105 percent of the outstanding amounts borrowed utilized as collateral. Borrowings under the 2022 Repurchase Facility have an interest rate equal to the Adjusted Term Secured Overnight Financing Rate ("SOFR"), which is Term SOFR plus 0.10 percent, plus the margin.

As of September 30, 2022, $210 million of notes receivable, recorded in accounts and notes receivable - net in the interim Consolidated Balance Sheets, were pledged as collateral against outstanding borrowings under the 2022 Repurchase Facility of $200 million, recorded in short-term borrowings and finance lease obligations in the interim Consolidated Balance Sheets.

Foreign Currency Loans

The company enters into short-term and long-term foreign currency loans from time-to-time by accessing uncommitted revolving credit lines to fund working capital needs of foreign subsidiaries in the normal course of business (“Foreign Currency Loans”). Interest rates are variable and determined at the time of borrowing. Total unused bank credit lines on the Foreign Currency Loans at September 30, 2022 was approximately $85 million. The company’s long-term Foreign Currency Loans have varying maturities through 2024.

Available Committed Credit Facilities

The following table summarizes the company's credit facilities:

Committed and Available Credit Facilities at September 30, 2022
(in millions)	Effective Date	Committed Credit		Credit Available		Maturity Date	Interest
Revolving Credit Facility	May 2022	$	3,000	$	3,000	May 2027	Floating Rate
Revolving Credit Facility	May 2022	2,000		2,000		May 2025	Floating Rate
364-day Revolving Credit Facility	May 2022	500		500		May 2023	Floating Rate
Total Committed and Available Credit Facilities		$	5,500	$	5,500

Revolving Credit Facilities

In November 2018, EID entered into a $3 billion, 5-year revolving credit facility and a $3 billion, 3-year revolving credit facility (the “Revolving Credit Facilities”). The Revolving Credit Facilities became effective in May 2019. Corteva, Inc. became a party at the time of the Corteva Distribution. In May 2021, the company entered into an amendment that extended the maturity date of the 3-year revolving credit facility from May 2022 to May 2023. Other than the change in maturity date, there were no material modifications to the terms of the credit facility. During May 2022, the Credit Facilities were refinanced for purposes of extending the maturity dates to 2027 and 2025 for the 5-year and 3-year revolving credit facilities, respectively, lowering the facility amount of the 3-year revolving credit facility to $2 billion and transitioning the interest rate to Adjusted Term SOFR, which is Term SOFR plus 0.10 percent, plus the applicable margin. The Revolving Credit Facilities may serve as a substitute to the company's commercial paper program, and can be used, from time to time, for general corporate purposes including, but not limited to, the funding of seasonal working capital needs. The Revolving Credit Facilities contain customary representations and warranties, affirmative and negative covenants and events of default that are typical for companies with similar credit ratings. Additionally, the Revolving Credit Facilities contain a financial covenant requiring that the ratio of total indebtedness to total capitalization for Corteva and its consolidated subsidiaries not exceed 0.60. At September 30, 2022, the company was in compliance with these covenants.

364-day Revolving Credit Facilities

In May 2022, the company entered into a $500 million, 364-day revolving credit agreement (the “364-day Revolving Credit Facility”) expiring in May 2023. Borrowings under the 364-day Revolving Credit Facility will have an interest rate equal to Adjusted Term SOFR, which is Term SOFR plus 0.10 percent, plus the applicable margin. The 364-day Revolving Credit Facility includes a provision under which the company may convert any advances outstanding prior to the maturity date into term loans having a maturity date up to one year later. The 364-day Revolving Credit Facility will be used for general corporate purposes including, but not limited to, the funding of seasonal working capital needs. The 364-day Revolving Credit Facility contains customary representations and warranties, affirmative and negative covenants and events of default that are typical for companies with similar credit ratings. Additionally, the 364-day Revolving Credit Facility contains a financial covenant requiring that the ratio of total indebtedness to total capitalization for Corteva and its consolidated subsidiaries not exceed 0.60. At September 30, 2022, the company was in compliance with these covenants.

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Commitments and Contingent Liabilities

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

COMMITMENTS AND CONTINGENT LIABILITIES

Guarantees

Indemnifications

In connection with acquisitions and divestitures, the company has indemnified respective parties against certain liabilities that may arise in connection with these transactions and business activities prior to the completion of the transactions. The term of these indemnifications, which typically pertain to environmental, tax and product liabilities, is generally indefinite. In addition, the company indemnifies its duly elected or appointed directors and officers to the fullest extent permitted by Delaware law, against liabilities incurred as a result of their activities for the company, such as adverse judgments relating to litigation matters. If the indemnified party were to incur a liability or have a liability increase as a result of a successful claim, pursuant to the terms of the indemnification, the company would be required to reimburse the indemnified party. The maximum amount of potential future payments is generally unlimited. See below for additional information relating to the indemnification obligations under the Chemours Separation Agreement and the Corteva Separation Agreement.

Obligations for Customers and Other Third Parties

The company has directly guaranteed various debt obligations under agreements with third parties related to customers and other third parties. At September 30, 2022, December 31, 2021 and September 30, 2021, the company had directly guaranteed $79 million, $105 million, and $107 million, respectively, of such obligations. These amounts represent the maximum potential amount of future (undiscounted) payments that the company could be required to make under the guarantees in the event of default by the guaranteed party. All of the maximum future payments at September 30, 2022 had terms less than one year. The maximum future payments include $19 million, $21 million and $22 million at September 30, 2022, December 31, 2021 and September 30, 2021, respectively, of guarantees related to the various factoring agreements that the company enters into with third-party financial institutions to sell its trade receivables. See Note 8 - Accounts and Notes Receivable - Net, to the interim Consolidated Financial Statements, for additional information.

The maximum future payments also include agreements with lenders to establish programs that provide financing for select customers. The terms of the guarantees are equivalent to the terms of the customer loans that are primarily made to finance customer invoices. The total amounts owed from customers to the lenders relating to these agreements was $560 million, $15 million and $615 million at September 30, 2022, December 31, 2021 and September 30, 2021, respectively.

The company assesses the payment/performance risk by assigning default rates based on the duration of the guarantees. These default rates are assigned based on the external credit rating of the counterparty or through internal credit analysis and historical default history for counterparties that do not have published credit ratings. For counterparties without an external rating or available credit history, a cumulative average default rate is used.

Indemnifications under Separation Agreements

The company has entered into various agreements where the company is indemnified for certain liabilities. The term of this indemnification is generally indefinite, with exceptions, and includes defense costs and expenses, as well as monetary and non-monetary settlements and judgments. In connection with the recognition of liabilities related to these matters, the company records an indemnification asset when recovery is deemed probable.

Chemours/Performance Chemicals

Pursuant to the Chemours Separation Agreement resulting from the 2015 spin-off of the Performance Chemicals segment from Historical DuPont, Chemours indemnifies the company against certain litigation, environmental, workers' compensation and other liabilities that arose prior to the distribution.

In 2017, the Chemours Separation Agreement was amended to provide for a limited sharing of potential future liabilities related to alleged historical releases of perfluorooctanoic acids and its ammonium salts (“PFOA”) for a five-year period that began on July 6, 2017. In addition, in 2017, Chemours and EID settled multi-district litigation in the U.S. District Court for the Southern District of Ohio (“Ohio MDL”), resolving claims of about 3,550 plaintiffs alleging injury from exposure to PFOA in drinking water as a result of the historical manufacture or use of PFOA at the Washington Works plant outside Parkersburg, West Virginia. This plant was previously owned and/or operated by the performance chemicals segment of EID and is now owned and/or operated by Chemours.

On May 13, 2019, Chemours filed suit in the Delaware Court of Chancery against DuPont, EID, and Corteva, seeking, among other things, to limit its responsibility for the litigation and environmental liabilities allocated to and assumed by Chemours under the Chemours Separation Agreement (the “Delaware Litigation”). On March 30, 2020, the Court of Chancery granted a

motion to dismiss. On December 15, 2020, the Delaware Supreme Court affirmed the judgment of the Court of Chancery. Meanwhile, a confidential arbitration process regarding the same and other claims proceeded (the “Arbitration”).

On January 22, 2021, Chemours, DuPont, Corteva and EID entered into a binding memorandum of understanding containing a settlement to resolve legal disputes originating from the Delaware Litigation and Arbitration, and to establish a cost sharing arrangement and escrow account to be used to support and manage potential future legacy per- and polyfluoroalkyl substances ("PFAS") liabilities arising out of pre-July 1, 2015 conduct (the “MOU”). The MOU replaces the 2017 amendment to the Chemours Separation Agreement. According to the terms of the cost sharing arrangement within the MOU, Corteva and DuPont together, on one hand, and Chemours, on the other hand, agreed to a 50-50 split of certain qualified expenses related to PFAS liabilities incurred over a term not to exceed twenty years or $4 billion of qualified spend and escrow account contributions (see below for discussion of the escrow account) in the aggregate. DuPont’s and Corteva’s 50% share under the MOU will be limited to $2 billion, including qualified expenses and escrow contributions. These expenses and escrow account contributions will be subject to the existing Letter Agreement, under which DuPont and Corteva will each bear 50% of the first $300 million (up to $150 million each), and thereafter DuPont bears 71% and Corteva bears the remaining 29%.

In order to support and manage any potential future PFAS liabilities, the parties have also agreed to establish an escrow account ("MOU Escrow Account"). The MOU provides that (1) no later than each of September 30, 2021 and September 30, 2022, Chemours shall deposit $100 million into an escrow account and DuPont and Corteva shall together deposit $100 million in the aggregate into an escrow account and (2) no later than September 30 of each subsequent year through and including 2028, Chemours shall deposit $50 million into an escrow account and DuPont and Corteva shall together deposit $50 million in the aggregate into an escrow account. Subject to the terms and conditions set forth in the MOU, each party may be permitted to defer funding in any year (excluding 2021). Over this period, Chemours will deposit a total of $500 million in the account and DuPont and Corteva will deposit an additional $500 million pursuant to the terms of the Letter Agreement. Additionally, if on December 31, 2028, the balance of the escrow account (including interest) is less than $700 million, Chemours will make 50% of the deposits and DuPont and Corteva together will make 50% of the deposits necessary to restore the balance of the escrow account to $700 million. Such payments will be made in a series of consecutive annual equal installments commencing on September 30, 2029 pursuant to the escrow account replenishment terms as set forth in the MOU. The MOU provides that no withdrawals from the MOU Escrow Account can be made before year six, except to fund mutually agreed upon third-party settlements in excess of $125 million. Starting with year six, withdrawals can only be made to fund qualified spend if the parties’ aggregate qualified spend in that particular year is greater than $200 million. Beginning with year 11, the amounts in the MOU Escrow Account can be used to fund any qualified spend.

The company made its annual installment deposits due to the MOU Escrow Account through September 30, 2022. These payments are classified as noncurrent restricted cash equivalents and included in other assets in the interim Consolidated Balance Sheets.

After the term of this arrangement, Chemours’ indemnification obligations under the original 2015 Chemours Separation Agreement, would continue unchanged, subject in each case to certain exceptions set out in the MOU. Under the MOU, Chemours waived specified claims regarding the construct of its 2015 spin-off transaction, and the parties will dismiss the Pending Arbitration regarding those claims. Additionally, the parties have agreed to resolve the Ohio MDL PFOA personal injury litigation (as discussed below). The parties are expected to cooperate in good faith to enter into additional agreements reflecting the terms set forth in the MOU.

Corteva Separation Agreement

On April 1, 2019, in connection with the Dow Distribution, Corteva, DuPont and Dow entered into the Corteva Separation Agreement, the Tax Matters Agreement, the Employee Matters Agreement, and certain other agreements (collectively, the “Corteva Separation Agreements”). The Corteva Separation Agreements allocate among Corteva, DuPont and Dow assets, employees, certain liabilities and obligations (including its investments, property and employee benefits and tax-related assets and liabilities) among the parties and provides for indemnification obligation among the parties. Under the Corteva Separation Agreements, DuPont will indemnify Corteva against certain litigation, environmental, tax, workers' compensation and other liabilities that arose prior to the Corteva Distribution and Dow indemnifies Corteva against certain litigation, environmental, tax, workers' compensation and other liabilities that relate to the Historical Dow business, and Corteva indemnifies DuPont and Dow for certain liabilities.

Under the Corteva Separation Agreement, certain legacy EID liabilities from discontinued and/or divested operations and businesses of EID (including Performance Chemicals) (a “stray liability”) were allocated to Corteva or DuPont. For those stray liabilities allocated to Corteva (which may include a specified amount of liability associated with that liability), Corteva is responsible for liabilities in an amount up to that specified amount plus an additional $200 million and, for those stray liabilities allocated to DuPont (which may include a specified amount of liability associated with that liability), DuPont is responsible for liabilities up to a specified amount plus an additional $200 million. Once each company has met the $200 million threshold,

Corteva and DuPont will share future liabilities proportionally on the basis of 29% and 71%, respectively; provided, however, that for PFAS, DuPont will manage such liabilities with Corteva and DuPont sharing the costs on a 50% - 50% basis starting from $1 and up to $300 million (with such amount, up to $150 million, to be credited to each company’s $200 million threshold) and once the $300 million threshold is met, then the companies will share proportionally on the basis of 29% and 71% respectively, subject to a $1 million de minimis requirement. During the second quarter of 2021, the aggregate amount of the company’s cash spent and liabilities accrued exceeded the stray liability thresholds, including PFAS, noted above. Therefore, liabilities recognized subsequent to the second quarter of 2021 are shared at the reduced rates noted above.

At September 30, 2022, December 31, 2021, and September 30, 2021, the indemnification assets were $33 million, $25 million, and $25 million, respectively, within accounts and notes receivable - net and $91 million, $75 million, and $70 million, respectively, within other assets in the interim Consolidated Balance Sheets. At September 30, 2022, December 31, 2021, and September 30, 2021, the indemnification liabilities were $24 million, $20 million, and $54 million, respectively, within accrued and other current liabilities and $122 million, $117 million, and $90 million, respectively, within other noncurrent obligations in the interim Consolidated Balance Sheets.

Litigation

The company is subject to various legal proceedings, including, but not limited to, product liability, intellectual property, antitrust, commercial, property damage, personal injury, environmental and regulatory matters arising out of the normal course of its current businesses or legacy EID businesses unrelated to Corteva’s current businesses but allocated to Corteva as part of the separation of Corteva from DuPont. It is not possible to predict the outcome of these various proceedings, as considerable uncertainty exists. The company records accruals for legal matters when the information available indicates that it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Accruals may reflect the impact and status of negotiations, settlements, rulings, advice from counsel and other information and events that may pertain to a particular matter. For the litigation matters discussed below, management believes that it is reasonably possible that the company could incur liabilities in excess of amounts accrued, the ultimate liability for which could be material to the results of operations and the cash flows in the period recognized. However, the company is unable to estimate the possible loss beyond amounts accrued due to various reasons, including, among others, that the underlying matters are either in early stages and/or have significant factual issues to be resolved. In addition, even when the company believes it has substantial defenses, the company may consider settlement of matters if it believes it is in the best interest of the company.

Lorsban® Lawsuits

As of September 30, 2022, there were pending personal injury lawsuits filed and additional asserted claims against the former Dow Agrosciences LLC, alleging injuries related to chlorpyrifos exposure, the active ingredient in Lorsban®, an insecticide used by commercial farms for field fruit, nut and vegetable crops. Corteva ended its production of Lorsban® in 2020. Chlorpyrifos products are restricted-use pesticides, which are not available for purchase or use by the general public, and may only be sold to, and used by, certified applicators or someone under the certified applicator's direct supervision. These lawsuits do not relate to Dursban®, a residential type chlorpyrifos product that was authorized for indoor purposes, which was discontinued over two decades ago prior to the Merger and Corteva’s formation and Separation. Claimants allege personal injury, including autism, developmental delays and/or decreased neurologic function, resulting from farm worker exposure and bystander drift and in utero exposure to chlorpyrifos. Certain claimants have also put forth remediation claims due to alleged property contamination from chlorpyrifos. As of September 30, 2022, an accrual has been established for the estimated resolution of certain claims.

Litigation related to legacy EID businesses unrelated to Corteva’s current businesses

PFAS, PFOA, PFOS and Other Related Liabilities

For purposes of this report, the term PFOA means collectively perfluorooctanoic acid and its salts, including the ammonium salt and does not distinguish between the two forms, and PFAS, including PFOA, PFOS (perfluorooctanesulfonic acid), GenX and other perfluorinated chemicals and compounds ("PFCs").

EID is a party to various legal proceedings relating to the use of PFOA by its former Performance Chemicals segment for which potential liabilities would be subject to the cost sharing arrangement under the MOU as long as it remains effective.

Leach Settlement and Ohio MDL Settlement

EID has residual liabilities under its 2004 settlement of a West Virginia state court class action, Leach v. EID, which alleged that PFOA from EID’s former Washington Works facility had contaminated area drinking water supplies and affected the health of area residents. The settlement class has about 80,000 members. In addition to relief that was provided to class members years ago, the settlement requires EID to continue providing PFOA water treatment to six area water districts and private well users and to fund, through an escrow account, up to $235 million for a medical monitoring program for eligible

class members. As of September 30, 2022, approximately $2 million had been disbursed from the account since its establishment in 2012 and the remaining balance is approximately $1 million.

The Leach settlement permits class members to pursue personal injury claims for six health conditions (and no others) that an expert panel appointed under the settlement reported in 2012 had a “probable link” (as defined in the settlement) with PFOA: pregnancy-induced hypertension, including preeclampsia; kidney cancer; testicular cancer; thyroid disease; ulcerative colitis; and diagnosed high cholesterol. After the panel reported its findings, approximately 3,550 personal injury lawsuits were filed in federal and state courts in Ohio and West Virginia and consolidated in multi-district litigation in the U.S. District Court for the Southern District of Ohio (“Ohio MDL”). The Ohio MDL was settled in early 2017 for $670.7 million in cash, with Chemours and EID (without indemnification from Chemours) each paying half.

Post-MDL Settlement PFOA Personal Injury Claims

The 2017 Ohio MDL settlement did not resolve claims of plaintiffs who did not have claims in the Ohio MDL or whose claims are based on diseases first diagnosed after February 11, 2017. The first was a consolidated trial of two cases; the first, a kidney cancer case, which resulted in a hung jury, while the second, Travis and Julie Abbot v. E.I du Pont de Nemours and Company (the “Abbot Case”), a testicular cancer case, resulted in a jury verdict of $40 million in compensatory damages and $10 million for loss of consortium. The loss of consortium award was subsequently reduced to $250,000 in accordance with state law limitations. Following entry of the judgment by the court, EID filed post-trial motions to reduce the verdict, and to appeal the verdict on the basis of procedural and substantive legal errors made by the trial court. The company believes the merits of the appeal will be successful in reducing the jury verdict or eliminating its liability, in whole or part.

In January 2021, Chemours, DuPont and Corteva agreed to settle the remaining approximately 95 matters, as well as unfiled matters, remaining in the Ohio MDL, with the exception of the Abbot case, for $83 million, with Chemours contributing $29 million to the settlement, and DuPont and Corteva contributing $27 million each. The company paid $27 million during the year ended December 31, 2021. As agreed to in the settlement, the plaintiffs' counsel filed a motion to dissolve the MDL. EID has sought dissolution of the MDL from the judicial oversight panel responsible for the MDL.

Other PFOA Matters

EID is a party to other PFOA lawsuits involving claims for property damage, medical monitoring and personal injury. Defense costs and any future liabilities that may arise out of these lawsuits are subject to the MOU and the cost sharing arrangement disclosed above. Under the MOU, fraudulent conveyance claims associated with these matters are not qualified expenses, unless Corteva, Inc. and EID would prevail on the merits of these claims.

New York. EID is a defendant in about 45 lawsuits, including a putative class action (the "Baker Class Action"), brought by persons who live in and around Hoosick Falls, New York. These lawsuits assert claims for medical monitoring, property damage and personal injury based on alleged PFOA releases from manufacturing facilities owned and operated by co-defendants in Hoosick Falls. The lawsuits allege that EID and others supplied materials used at these facilities resulting in PFOA air and water contamination. A court approved settlement was reached between the plaintiffs and the other co-defendants regarding the Baker Class Action case. In September 2022, the class certification of the Baker Class Action was granted, with the court certifying three separate classes consisting of a private well property damage class, a medical monitoring class and a nuisance class. EID will challenge the certification, and continue to defend itself on the merits of the case, while seeking an out of court resolution.

EID is also one of more than ten defendants in a lawsuit brought by the Town of East Hampton, New York alleging PFOA and PFOS contamination of the town’s well water. Additionally, EID along with Chemours and others, have been named defendants in complaints filed by 11 water districts in Nassau County, New York alleging that the drinking water they provide to customers is contaminated with PFAS and seeking reimbursement for clean-up costs. The water district complaints also include allegations of fraudulent transfer.

New Jersey. As of September 30, 2022, two lawsuits were pending, one brought by a local water utility and the second a putative class action, against EID alleging that PFOA from EID’s former Chambers Works facility contaminated drinking water sources. The putative class action was voluntarily dismissed without prejudice by the plaintiff.

In late March of 2019, the New Jersey State Attorney General filed four lawsuits against EID, Chemours, and others alleging that operations at and discharges from former EID sites in New Jersey (Chambers Works, Pompton Lakes, Parlin and Repauno) damaged the State’s natural resources. Two of these lawsuits (those involving the Chambers Works and Parlin sites) allege contamination from PFAS. The Ridgewood Water District in New Jersey filed suit in the first quarter 2019 against EID, Chemours, and others alleging losses related to the investigation, remediation and monitoring of polyfluorinated surfactants, including PFOA, in water supplies. DuPont and Corteva were subsequently

added as defendants to these lawsuits. These lawsuits include claims under the New Jersey Industrial Site Recovery Act ("ISRA") and for fraudulent conveyance.

Alabama / Georgia / Others. EID is one of more than 30 defendants in lawsuits by Alabama and Georgia water utilities alleging contamination from PFCs, including PFOA, used by co-defendant carpet manufacturers to make their products more stain and grease resistant. In addition, the states of Alaska, Florida, Michigan, Mississippi, New Hampshire, North Carolina, South Dakota, Vermont and Wisconsin filed lawsuits against EID, Chemours, and others, claiming, among other things, PFC (including PFOA) contamination of groundwater and drinking water. The complaints seek reimbursement for past and future costs to investigate and remediate the alleged contamination and compensation for the loss of value and use of the state’s natural resources. Motions to dismiss the Michigan, Vermont and New Hampshire cases have been denied.

Ohio. EID is a defendant in three lawsuits, including an action by the State of Ohio based on alleged damage to natural resources, and an action by the City of Dayton claiming losses related to the investigation, remediation and monitoring of PFAS in water supplies. The trial with respect to the natural resources lawsuit is scheduled for February 2024. The third lawsuit, a putative nationwide class action brought on behalf of anyone who has detectable levels of PFAS in their blood serum seeks declaratory and injunctive relief, including the establishment of a “PFAS Science Panel.” In March 2022, the trial court certified a class covering anyone subject to Ohio laws having minimal levels of PFOA plus at least one other PFAS in their blood. The trial court requested further briefing on whether the class should be extended to include other states that recognize analogous claims for relief. Because EID and the other defendants were granted permission by the court to appeal the class certification decision, further briefing on the extension of the class for the trial court has been paused subject to the outcome of the appeal.

Netherlands. In April 2021, four municipalities in the Netherlands filed complaints alleging contamination of land and groundwater resulting from the emission of PFOA and GenX by Corteva, DuPont and Chemours. The municipalities seek to recover costs incurred due to the alleged emissions, including damages for investigation costs, construction project delays, depreciation of land, soil remediation, liabilities to contractors, and attorneys’ fees. In September 2022, the court ordered a hearing on the merits to occur by May 2023.

Delaware. On July 13, 2021, Chemours, DuPont, EID and Corteva entered into a settlement agreement with the State of Delaware reflecting the companies’ and the State’s agreement to settle and fully resolve claims alleged against the companies regarding their historical Delaware operations, manufacturing, use and disposal of all chemical compounds, including PFAS. Under the settlement, the companies will collectively pay $50 million to fund environmental projects, including sampling and community environmental justice and equity grants, which shall be utilized to fund the Natural Resources and Sustainability Trust (the “NRS Trust”). If the companies, individually or jointly, within 8 years of the settlement, enter into a proportionally similar agreement to settle or resolve claims of another state for PFAS-related natural resource damages, for an amount greater than $50 million, the companies shall make a supplemental payment directly to the NRS Trust (“Supplemental Payment”) in an amount equal to such other states’ recovery in excess of $50 million. Supplemental Payment(s), if any, will not exceed $25 million in the aggregate. All amounts paid by the companies under the settlement are subject to the MOU and the Corteva Separation Agreement with Chemours bearing responsibility for 50%, or $25 million, of the $50 million payment due to the NRS Trust and DuPont and Corteva each bearing $12.5 million of the remaining amount, which Corteva paid in January 2022. During the three months ended September 30, 2021, the company recorded a charge of $11 million to (loss) income from discontinued operations after income taxes in the interim Consolidated Statement of Operations, related to the settlement. Under the settlement, if the state sues other parties and those parties seek contribution from the companies, the companies will have protection from contribution up to the amounts previously paid under the settlement agreement. The companies will also receive a credit up to the amount of the payment if the state seeks natural resource damage claims against the companies outside the scope of the settlement’s release of claims.

Aqueous Firefighting Foams. Approximately 3,100 cases have been filed against 3M and other defendants, including EID and Chemours, and some including Corteva and DuPont, alleging PFOS or PFOA contamination of soil and groundwater from the use of aqueous firefighting foams. Most of those cases claim some form of property damage and seek to recover the costs of responding to this contamination and damages for the loss of use and enjoyment of property and diminution in value. Most of these cases have been transferred to a multi-district litigation proceeding in federal district court in South Carolina. Approximately 2,800 of these cases were filed on behalf of firefighters who allege personal injuries (primarily kidney and testicular cancer) as a result of aqueous firefighting foams. Approximately 230 of these cases were filed by water utility or municipal water districts. Most of these recent cases assert claims that the EID and Chemours separation constituted a fraudulent conveyance. The Stuart, Florida water district "bellwether" trial is scheduled for June 2023. The court has encouraged all parties to discuss resolution of the

water utility and water district category of cases. Consistent with the Court's instruction and under the mutual obligations of the MOU, Corteva, EID, DuPont and Chemours have engaged with the plaintiff's counsel on these cases.

EID did not make firefighting foams, PFOS, or PFOS products. While EID made surfactants and intermediaries that some manufacturers used in making foams, which may have contained PFOA as an unintended byproduct or an impurity, EID’s products were not formulated with PFOA, nor was PFOA an ingredient of these products. EID has never made or sold PFOA as a commercial product.

In June 2022, the U.S. Environmental Protection Agency ("EPA") published interim health advisories for PFOA and PFOS lowering previous health advisory guidance for drinking water. Health advisories provide drinking water system operators, and state, tribal, and local officials who have the primary responsibility for overseeing these systems, with information on the health risks related to chemicals, so appropriate actions may be taken to protect their constituents. The advisories are not regulations or legally enforceable Federal standards, except as it relates to the Consent Order between Chemours and the North Carolina Department of Environmental Quality (“NC DEQ”), and were published without engagement in the public comment process required for developing regulations. Health advisories are subject to revision as additional information becomes available and the company continues to monitor these developments. The American Chemistry Council (“ACC”) filed a challenge to the health advisories asserting that EPA failed to follow its own rules in issuing the health advisory guidance, did so against the objections of its own PFAS advisory panel, and bypassed the Congress. The EPA moved to dismiss this challenge arguing that the challenge is premature due to the lack of standing (no showing of actual harm) by ACC members and because of the interim nature of the advisories.

Fayetteville Works Facility, North Carolina

Prior to the separation of Chemours, EID introduced GenX as a polymerization processing aid and a replacement for PFOA at the Fayetteville Works facility in Bladen County, North Carolina. The facility is now owned and operated by Chemours, which continues to manufacture and use GenX. In June 2022, the EPA issued a final health advisory for drinking water related to GenX. In July 2022, Chemours filed a petition in federal court for review of the EPA's GenX compounds health advisory.

At September 30, 2022, several actions are pending in federal court against Chemours and EID relating to PFC discharges from the Fayetteville Works facility. One of these is a consolidated putative class action that asserts claims for medical monitoring and property damage on behalf of putative classes of property owners and residents in areas near or who draw drinking water from the Cape Fear River. Another action is a consolidated action brought by various North Carolina water authorities, including the Cape Fear Public Utility Authority and Brunswick County, that seek actual and punitive damages as well as injunctive relief. In another action over approximately 100 property owners near the Fayetteville Works facility filed a complaint against Chemours and EID in May 2020. The plaintiffs seek compensatory and punitive damages for their claims of private nuisance, trespass, and negligence allegedly caused by release of PFAS.

In addition to the federal court actions, there is an action on behalf of about 100 plaintiffs who own wells and property near the Fayetteville Works facility. The plaintiffs seek damages for nuisance allegedly caused by releases of certain PFCs from the site.

Generally, site-related expenses related to GenX claims are subject to the cost sharing arrangements as defined in the MOU.

Environmental

Accruals for environmental matters are recorded when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated based on current law and existing technologies. These obligations are included in accrued and other current liabilities and other noncurrent obligations in the interim Consolidated Balance Sheets. It is reasonably possible that environmental remediation and restoration costs in excess of amounts accrued could have a material impact on the company’s results of operations, financial condition and cash flows. Inherent uncertainties exist in these estimates primarily due to unknown conditions, changing governmental regulations and legal standards regarding liability, and emerging remediation technologies for handling site remediation and restoration.

For a discussion of the allocation of environmental liabilities under the Chemours Separation Agreement and the Corteva Separation Agreement, see page 23.

During the three and nine months ended September 30, 2022, the company recorded charges of $5 million and $32 million, respectively, and during the three and nine months ended September 30, 2021, the company recorded charges of $8 million and $45 million, respectively, to (loss) income from discontinued operations after income taxes in the interim Consolidated Statement of Operations, related to the MOU. The charges during the three and nine months ended September 30, 2022 and 2021, primarily related to an increase in the environmental remediation accrual for Chemours’ Fayetteville Works facility for estimated costs for off-site water systems and on-site surface water and groundwater remediation to address and abate PFAS discharges arising out of pre-July 1, 2015 conduct. The increase is the result of changes in Chemours’ environmental remediation activities at the site under the Consent Order between Chemours and the NC DEQ.

The accrued environmental obligations and indemnification assets include the following:

	As of September 30, 2022
(In millions)	Indemnification Asset		Accrual balance3		Potential exposure above amount accrued3
Environmental Remediation Stray Liabilities
Chemours related obligations - subject to indemnity1,2	$	155	$	155	$	266
Other discontinued or divested businesses obligations1	24		77		185
Environmental remediation liabilities primarily related to DuPont - subject to indemnity from DuPont2	45		46		62
Environmental remediation liabilities not subject to indemnity	—		80		54
Indemnification liabilities related to the MOU4	21		125		29
Total	$	245	$	483	$	596

1.Represents liabilities that are subject to the $200 million threshold and sharing arrangements as discussed on page 24, under the header "Corteva Separation Agreement."

2.The company has recorded an indemnification asset related to these accruals, including $36 million related to the Superfund sites.

3.Accrual balance represents management’s best estimate of the costs of remediation and restoration, although it is reasonably possible that the potential exposure, as indicated, could range above the amounts accrued, as there are inherent uncertainties in these estimates. Accrual balances includes $67 million for remediation of Superfund sites. Amounts do not include possible impacts from the remediation elements of the EPA's October 2021 PFAS Strategic Roadmap (as applicable), except as disclosed on page 28 relating to Chemours' remediation activities at the Fayetteville Works Facility pursuant to the Consent Order with the NC DEQ.

4.Represents liabilities that are subject to the $150 million threshold and sharing agreements as discussed on page 23, under the header "Chemours / Performance Chemicals."

Chambers Works, New Jersey

On January 28, 2022, the State of New Jersey filed a request for a preliminary injunction against EID and Chemours seeking the establishment of a Remediation Funding Source ("RFS") in an amount exceeding $900 million for environmental remediation at EID's former Chambers Works facility in New Jersey. The RFS primarily relates to non-PFAS remediation, which is not subject to the MOU. Chemours has accepted indemnity and defense for these matters, while reserving rights and declining demand relating to the ISRA and fraudulent transfer matters as alleged under the existing New Jersey natural resource lawsuits discussed on page 26.

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Stockholders' Equity

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

STOCKHOLDERS' EQUITY

Share Buyback Plan

On September 13, 2022, Corteva, Inc. announced that its Board of Directors authorized a $2 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2022 Share Buyback Plan").

On August 5, 2021, Corteva, Inc. announced that its Board of Directors authorized a $1.5 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2021 Share Buyback Plan"). In connection with the 2021 Share Buyback Plan, the company repurchased and retired 3,414,000 shares and 14,284,000 shares in the open market for a total cost of $200 million and $800 million during the three and nine months ended September 30, 2022, respectively.

On June 26, 2019, Corteva, Inc. announced that its Board of Directors authorized a $1 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2019 Share Buyback Plan"). In connection with the 2019 Share Buyback Plan, the company repurchased and retired 3,408,000 shares and 15,378,000 shares in the open market for a total cost of $150 million and $700 million during the three and nine months ended September 30, 2021, respectively. Repurchases under the 2019 Share Buyback Plan were completed during the third quarter of 2021.

The timing, price and volume of purchases in connection with the 2022 and 2021 Share Buyback Plans will be based on market conditions, relevant securities laws and other factors.

Shares repurchased pursuant to Corteva's share buyback plans are immediately retired upon repurchase. Repurchased common stock is reflected as a reduction of stockholders' equity. The company's accounting policy related to its share repurchases is to reduce its common stock based on the par value of the shares and to reduce its retained earnings for the excess of the repurchase price over the par value. When Corteva has an accumulated deficit balance, the excess over the par value is applied to APIC. When Corteva has retained earnings, the excess is charged entirely to retained earnings.

Noncontrolling Interest

Corteva, Inc. owns 100 percent of the outstanding common shares of EID. However, EID has preferred stock outstanding to third parties which is accounted for as a non-controlling interest in Corteva's interim Consolidated Balance Sheets. Each share of EID Preferred Stock - $4.50 Series and EID Preferred Stock - $3.50 Series issued and outstanding at the effective date of the Corteva Distribution remains issued and outstanding as to EID and was unaffected by the Corteva Distribution.

Below is a summary of the EID Preferred Stock at September 30, 2022, December 31, 2021, and September 30, 2021, which is classified as noncontrolling interests in Corteva's interim Consolidated Balance Sheets.

Shares in thousands	Number of Shares
Authorized	23,000
$4.50 Series, callable at $120	1,673
$3.50 Series, callable at $102	700

Other Comprehensive Income (Loss)

The changes and after-tax balances of components comprising accumulated other comprehensive income (loss) are summarized below:

(In millions)	Cumulative Translation Adjustment1		Derivative Instruments		Pension Benefit Plans		Other Benefit Plans		Unrealized Gain (Loss) on Investments		Total
2021
Balance January 1, 2021	$	(1,970)	$	(67)	$	(1,433)	$	590	$	(10)	$	(2,890)
Other comprehensive income (loss) before reclassifications	(424)		115		(6)		1		3		(311)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(8)		32		(475)		7		(444)
Net other comprehensive income (loss)	(424)		107		26		(474)		10		(755)
Balance September 30, 2021	$	(2,394)	$	40	$	(1,407)	$	116	$	—	$	(3,645)
2022
Balance January 1, 2022	$	(2,543)	$	72	$	(396)	$	(31)	$	—	$	(2,898)
Other comprehensive income (loss) before reclassifications	(868)		92		107		3		—		(666)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(50)		21		1		—		(28)
Net other comprehensive income (loss)	(868)		42		128		4		—		(694)
Balance September 30, 2022	$	(3,411)	$	114	$	(268)	$	(27)	$	—	$	(3,592)

1.The cumulative translation adjustment gain for the nine months ended September 30, 2022 was primarily driven by strengthening of the USD against the European Euro ("EUR"), Swiss Franc ("CHF"), Indian Rupee ("INR") and South African Rand ("ZAR"). The cumulative translation adjustment loss for the nine months ended September 30, 2021 was primarily driven by strengthening of the USD against the European Euro ("EUR"), Swiss Franc ("CHF") and Brazilian Real ("BRL").

The tax (expense) benefit on the net activity related to each component of other comprehensive income (loss) was as follows:

(In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Derivative instruments	$	(13)	$	(12)	$	(13)	$	(37)
Pension benefit plans - net	(30)		(3)		(35)		(8)
Other benefit plans - net	—		51		3		148
(Provision for) benefit from income taxes related to other comprehensive income (loss) items	$	(43)	$	36	$	(45)	$	103

A summary of the reclassifications out of accumulated other comprehensive income (loss) is provided as follows:

(In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Derivative Instruments1:	$	33	$	6	$	(68)	$	(9)
Tax (benefit) expense2	(5)		(1)		18		1
After-tax	$	28	$	5	$	(50)	$	(8)
Amortization of pension benefit plans:
Prior service (benefit) cost3,4	$	—	$	—	$	(2)	$	(1)
Actuarial (gains) losses3,4	—		14		2		41
Settlement (gain) loss3,4	25		—		27		1
Total before tax	$	25	$	14	$	27	$	41
Tax (benefit) expense2	(6)		(3)		(6)		(9)
After-tax	$	19	$	11	$	21	$	32
Amortization of other benefit plans:
Prior service (benefit) cost3,4	$	—	$	(231)	$	(1)	$	(692)
Actuarial (gains) loss3,4	1		23		2		70
Curtailment (gain) loss	—		—		—		(1)
Total before tax	$	1	$	(208)	$	1	$	(623)
Tax (benefit) expense2	—		51		—		148
After-tax	$	1	$	(157)	$	1	$	(475)
Unrealized Loss on Investments4	$	—	$	—	$	—	$	7
Tax (benefit) expense2	—		—		—		—
After-tax	$	—	$	—	$	—	$	7
Total reclassifications for the period, after-tax	$	48	$	(141)	$	(28)	$	(444)

1.Reflected in cost of goods sold in the interim Consolidated Statements of Operations.

2.Reflected in provision for (benefit from) income taxes from continuing operations in the interim Consolidated Statements of Operations.

3.These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit credit of the company's pension and other benefit plans. See Note 14 - Pension Plans and Other Post Employment Benefits, for additional information.

4.Reflected in other income - net in the interim Consolidated Statements of Operations.

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Pension Plans and Other Post Employment Benefit Plans

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Pension and other Post Employment Benefits

PENSION PLANS AND OTHER POST EMPLOYMENT BENEFITS

The following sets forth the components of the company's net periodic benefit (credit) cost for defined benefit pension plans and other post employment benefits:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Defined Benefit Pension Plans:
Service cost	$	5	$	7	$	14	$	19
Interest cost	126		91		343		273
Expected return on plan assets	(180)		(228)		(560)		(686)
Amortization of unrecognized (gain) loss	—		14		2		41
Amortization of prior service (benefit) cost	—		—		(2)		(1)
Settlement loss	25		—		27		1
Net periodic benefit (credit) cost	$	(24)	$	(116)	$	(176)	$	(353)
Other Post Employment Benefits:
Service cost	$	—	$	1	$	1	$	1
Interest cost	6		5		19		16
Amortization of unrecognized (gain) loss	1		23		2		70
Amortization of prior service (benefit) cost	—		(231)		(1)		(692)
Curtailment (gain) loss	—		—		—		(1)
Net periodic benefit (credit) cost	$	7	$	(202)	$	21	$	(606)

In August 2022, the company transferred approximately $1.1 billion of certain benefit obligations and associated plan assets in the principal U.S. pension plan (the “Plan”) to an insurance company through the purchase of a nonparticipating group annuity contract (“Annuity Purchase”). The company recorded a non-cash, pre-tax settlement charge of approximately $25 million in other income – net in the interim Consolidated Statements of Operations for the three and nine months ended September 30, 2022 and corresponding adjustment to accumulated other comprehensive income (loss) in the interim Consolidated Balance Sheets at September 30, 2022 due to the Annuity Purchase. The Annuity Purchase resulted in a remeasurement of the Plan as of August 31, 2022 and the company updated the weighted average discount rate used in developing the 2022 net periodic pension (credit) costs at December 31, 2021 from 2.82 percent to 4.60 percent. Due to the remeasurement, the company recorded a pre-tax actuarial gain of approximately $110 million to accumulated other comprehensive income (loss) in the interim Consolidated Balance Sheets at September 30, 2022.

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Financial Instruments

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments Disclosure [Text Block]

FINANCIAL INSTRUMENTS

At September 30, 2022, December 31, 2021 and September 30, 2021, the company had $921 million, $3,400 million and $2,108 million, respectively, of held-to-maturity securities (primarily time deposits and money market funds) classified as cash equivalents in the interim Consolidated Balance Sheets, as these securities had maturities of three months or less at the time of purchase; $119 million, $86 million and $103 million at September 30, 2022, December 31, 2021 and September 30, 2021, respectively, of held-to-maturity securities (primarily time deposits and foreign government bonds) classified as marketable securities in the interim Consolidated Balance Sheets, as these securities had maturities of more than three months to less than one year at the time of purchase; and $24 million at September 30, 2022 of held-to-maturity securities (primarily foreign government bonds) classified as marketable securities and included in other assets in the interim Consolidated Balance Sheets, as these securities had maturities more than one year at the time of purchase. The company’s investments in held-to-maturity securities are held at amortized cost, which approximates fair value. The company’s held-to-maturity securities relating to investments in foreign government bonds at September 30, 2022 and available-for-sale securities sold during the nine months ended September 30, 2021 are discussed further in the “Debt Securities” section.

Derivative Instruments

Objectives and Strategies for Holding Derivative Instruments

In the ordinary course of business, the company enters into contractual arrangements (derivatives) to reduce its exposure to foreign currency and commodity price risks. The company has established a variety of derivative programs to be utilized for financial risk management. These programs reflect varying levels of exposure coverage and time horizons based on an assessment of risk.

Derivative programs have procedures and controls and are approved by the Corporate Financial Risk Management Committee, consistent with the company's financial risk management policies and guidelines. Derivative instruments used are forwards, options, futures and swaps. The company has not designated any non-derivatives as hedging instruments.

The company's financial risk management procedures also address counterparty credit approval, limits and routine exposure monitoring and reporting. The counterparties to these contractual arrangements are major financial institutions and major commodity exchanges, and multinational grain exporters. The company is exposed to credit loss in the event of nonperformance by these counterparties. The company utilizes collateral support annex agreements with certain counterparties to limit its exposure to credit losses. The company anticipates performance by counterparties to these contracts and therefore no material loss is expected. Market and counterparty credit risks associated with these instruments are regularly reported to management.

The notional amounts of the company's derivative instruments were as follows:

Notional Amounts (In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Derivatives designated as hedging instruments:
Foreign currency contracts	$	948	$	1,252	$	1,227
Commodity contracts	$	1,424	$	845	$	262
Derivatives not designated as hedging instruments:
Foreign currency contracts	$	1,371	$	103	$	1,164
Commodity contracts	$	3	$	4	$	7

Foreign Currency Risk

The company's objective in managing exposure to foreign currency fluctuations is to reduce earnings and cash flow volatility associated with foreign currency rate changes and to mitigate the exposure of certain investments in foreign subsidiaries against changes in the Euro/USD exchange rate. Accordingly, the company enters into various contracts that change in value as foreign exchange rates change to protect the value of its existing foreign currency-denominated assets, liabilities, commitments, investments and cash flows.

The company uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency denominated monetary assets and liabilities of its operations. The primary business objective of this hedging program is to maintain an approximately balanced position in foreign currencies so that exchange gains and losses resulting from exchange rate changes, after related tax effects, are minimized. The company also uses foreign currency exchange contracts to offset a portion of the company’s exposure to certain forecasted transactions as well as the translation of foreign currency-denominated earnings. The company also uses commodity contracts to offset risks associated with foreign currency devaluation in certain countries.

Commodity Price Risk

Commodity price risk management programs serve to reduce exposure to price fluctuations on purchases of inventory such as corn and soybeans. The company enters into over-the-counter and exchange-traded derivative commodity instruments to hedge the commodity price risk associated with agricultural commodity exposures.

Derivatives Designated as Cash Flow Hedges

Commodity Contracts

The company enters into over-the-counter and exchange-traded derivative commodity instruments, including options, forwards, futures and swaps, to hedge the commodity price risk associated with agriculture commodity exposures.

While each risk management program has a different time maturity period, most programs currently do not extend beyond the next two years. Cash flow hedge results are reclassified into earnings during the same period in which the related exposure impacts earnings. Reclassifications are made sooner if it appears that a forecasted transaction is probable of not occurring.

The following table summarizes the after-tax effect of commodity contract cash flow hedges on accumulated other comprehensive income (loss):

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Beginning balance	$	81	$	73	$	47	$	(16)
Additions and revaluations of derivatives designated as cash flow hedges	(25)		(10)		91		93
Clearance of hedge results to earnings	(4)		(4)		(86)		(18)
Ending balance	$	52	$	59	$	52	$	59

At September 30, 2022, an after-tax net gain of $50 million is expected to be reclassified from accumulated other comprehensive income (loss) into earnings over the next twelve months.

Foreign Currency Contracts

The company enters into forward contracts to hedge the foreign currency risk associated with forecasted transactions within certain foreign subsidiaries.

While each risk management program has a different time maturity period, most programs currently do not extend beyond the next two years. Cash flow hedge results are reclassified into earnings during the same period in which the related exposure impacts earnings. Reclassifications are made sooner if it appears that a forecasted transaction is probable of not occurring.

The following table summarizes the after-tax effect of foreign currency cash flow hedges on accumulated other comprehensive income (loss):

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Beginning balance	$	(31)	$	(21)	$	32	$	(17)
Additions and revaluations of derivatives designated as cash flow hedges	11		8		(56)		3
Clearance of hedge results to earnings	32		9		36		10
Ending balance	$	12	$	(4)	$	12	$	(4)

At September 30, 2022, an after-tax net gain of $8 million is expected to be reclassified from accumulated other comprehensive income (loss) into earnings over the next twelve months.

Derivatives Designated as Net Investment Hedges

Foreign Currency Contracts

The company has designated €450 million of forward contracts to exchange EUR as net investment hedges. The purpose of these forward contracts is to mitigate FX exposure related to a portion of the company’s Euro net investments in certain foreign subsidiaries against changes in Euro/USD exchange rates. These hedges will expire and be settled in 2023, unless terminated early at the discretion of the company.

The company elected to apply the spot method in testing for effectiveness of the hedging relationship.

Derivatives not Designated in Hedging Relationships

Foreign Currency Contracts

The company uses foreign exchange contracts to reduce its net exposure, by currency, related to foreign currency-denominated monetary assets and liabilities of its operations so that exchange gains and losses resulting from exchange rate changes are minimized. The netting of such exposures precludes the use of hedge accounting; however, the required revaluation of the forward contracts and the associated foreign currency-denominated monetary assets and liabilities intends to achieve a minimal earnings impact, after taxes. The company also uses foreign currency exchange contracts to offset a portion of the company’s exposure to the translation of certain foreign currency-denominated earnings so that gains and losses on the contracts offset changes in the USD value of the related foreign currency-denominated earnings over the relevant aggregate period.

Commodity Contracts

The company utilizes options, futures and swaps that are not designated as hedging instruments to reduce exposure to commodity price fluctuations on purchases of inventory such as corn and soybeans. The company uses forward agreements, with durations less than one year, to buy and sell USD priced commodities in order to reduce its exposure to currency devaluation for a portion of its local currency cash balances. Counterparties to the forward sales agreements are multinational grain exporters and subject to the company’s financial risk management procedures.

Fair Value of Derivative Instruments

Asset and liability derivatives subject to an enforceable master netting arrangement with the same counterparty are presented on a net basis in the interim Consolidated Balance Sheets. The presentation of the company's derivative assets and liabilities is as follows:

		September 30, 2022
(In millions)	Balance Sheet Location	Gross		Counterparty and Cash Collateral Netting1		Net Amounts Included in the interim Consolidated Balance Sheet
Asset derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	101	$	—	$	101
Commodity contracts	Other current assets	3		—		3
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	112		(58)		54
Total asset derivatives		$	216	$	(58)	$	158
Liability derivatives:
Derivatives designated as hedging instruments:
Commodity contracts	Accrued and other current liabilities	2		—		2
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	63		(58)		5
Total liability derivatives		$	65	$	(58)	$	7

		December 31, 2021
(In millions)	Balance Sheet Location	Gross		Counterparty and Cash Collateral Netting1		Net Amounts Included in the Consolidated Balance Sheet
Asset derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	37	$	—	$	37
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	31		(20)		11
Commodity contracts	Other current assets	3		—		3
Total asset derivatives		$	71	$	(20)	$	51
Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	$	1	$	—	$	1
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	23		(20)		3
Commodity contracts	Accrued and other current liabilities	2		—		2
Total liability derivatives		$	26	$	(20)	$	6

		September 30, 2021
(In millions)	Balance Sheet Location	Gross		Counterparty and Cash Collateral Netting1		Net Amounts Included in the interim Consolidated Balance Sheet
Asset derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	20	$	—	$	20
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	37		(23)		14
Total asset derivatives		$	57	$	(23)	$	34
Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	$	9	$	—	$	9
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	31		(23)		8
Total liability derivatives		$	40	$	(23)	$	17

1.    Counterparty and cash collateral amounts represent the estimated net settlement amount when applying netting and set-off rights included in master netting arrangements between the company and its counterparties and the payable or receivable for cash collateral held or placed with the same counterparty.

Effect of Derivative Instruments

	Amount of Gain (Loss) Recognized in OCI - Pre-Tax1
	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Derivatives designated as hedging instruments:
Net investment hedges:
Foreign currency contracts	$	47	$	10	$	74	$	24
Cash flow hedges:
Foreign currency contracts	13		18		(68)		12
Commodity contracts	(30)		(11)		117		117
Total derivatives designated as hedging instruments	$	30	$	17	$	123	$	153

1.OCI is defined as other comprehensive income (loss).

	Amount of Gain (Loss) Recognized in Income - Pre-Tax1
	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign currency contracts2	$	(39)	$	(10)	$	(44)	$	(11)
Commodity contracts2	6		4		112		20
Total derivatives designated as hedging instruments	$	(33)	$	(6)	$	68	$	9
Derivatives not designated as hedging instruments:
Foreign currency contracts3	$	67	$	34	$	24	$	—
Foreign currency contracts2	4		12		(1)		(16)
Commodity contracts2	5		(1)		(21)		(18)
Total derivatives not designated as hedging instruments	76		45		2		(34)
Total derivatives	$	43	$	39	$	70	$	(25)

1.For cash flow hedges, this represents the portion of the gain (loss) reclassified from accumulated OCI into income during the period.

2.Recorded in cost of goods sold in the interim Consolidated Statements of Operations.

3.Gain recognized in other income - net was partially offset by the related gain on the foreign currency-denominated monetary assets and liabilities of the company's operations. See Note 5 - Supplementary Information, to the interim Consolidated Financial Statements, for additional information.

Debt Securities

The company’s debt securities at September 30, 2022 include foreign government bonds classified as held-to-maturity securities. The company’s investments in held-to-maturity securities are held at amortized cost, which approximates fair value, and are held by certain foreign subsidiaries in which the USD is the functional currency.

During the three and nine months ended September 30, 2021, the company sold its U.S. treasuries classified as available-for-sale securities.The estimated fair value of the available-for-sale securities that were sold during the nine months ended September 30, 2021 was determined using Level 1 inputs within the fair value hierarchy. Level 1 measurements were based on quoted market prices in active markets for identical assets and liabilities. The available-for-sale securities that were sold during the three and nine months ended September 30, 2021 were held by certain foreign subsidiaries in which the USD is not the functional currency. The fluctuations in foreign exchange were initially recorded in accumulated other comprehensive income (loss) within the interim Consolidated Statements of Equity and subsequently reclassified to earnings when sold. The gains and losses on these securities offset a portion of the foreign exchange fluctuations in earnings for the company.

The following table provides the investing results from available-for-sale securities for the nine months ended September 30, 2021:

Investing Results	Nine months Ended September 30,
(In millions)	2021
Proceeds from sales of available-for-sale securities	$	226
Gross realized losses	$	(7)

The following table summarizes the contractual maturities of the company's investments in debt securities at September 30, 2022:

Contractual Maturities of Debt Securities1 (In millions)	Amortization Cost		Fair Value
Within one year	$	86	$	86
One to Five years	$	24	$	24

1.The company's debt securities at September 30, 2022 consists of foreign government bonds, which are classified as held-to-maturity.

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Fair Value Measurements

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

FAIR VALUE MEASUREMENTS

The following tables summarize the basis used to measure certain assets and liabilities at fair value on a recurring basis:

September 30, 2022	Significant Other Observable Inputs
(In millions)	Level 1		Level 2
Assets at fair value:
Marketable securities	$	—	$	119
Derivatives relating to:1
Foreign currency	—		213
Commodity contracts	—		3
Total assets at fair value	$	—	$	335
Liabilities at fair value:
Derivatives relating to:1
Foreign currency	—		63
Commodity contracts	—		2
Total liabilities at fair value	$	—	$	65

December 31, 2021	Significant Other Observable Inputs
(In millions)	Level 1		Level 2
Assets at fair value:
Marketable securities	$	—	$	86
Derivatives relating to:1
Foreign currency	—		68
Equity securities2	48		—
Total assets at fair value	$	48	$	154
Liabilities at fair value:
Derivatives relating to:1
Foreign currency	—		24
Total liabilities at fair value	$	—	$	24

September 30, 2021	Significant Other Observable Inputs
(In millions)	Level 1		Level 2
Assets at fair value:
Marketable securities	$	—	$	103
Derivatives relating to:1
Foreign currency	—		57
Equity Securities2	75		—
Total assets at fair value	$	75	$	160
Liabilities at fair value:
Derivatives relating to:1
Foreign currency	—		40
Total liabilities at fair value	$	—	$	40

1.See Note 15 - Financial Instruments for the classification of derivatives in the interim Consolidated Balance Sheets.

2.The company's equity securities are included in other assets in the interim Consolidated Balance Sheets.

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Segment Reporting (Notes)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

SEGMENT INFORMATION

Corteva’s reportable segments reflects the manner in which its chief operating decision maker ("CODM") allocates resources and assesses performance, which is at the operating segment level (seed and crop protection). For purposes of allocating resources to the segments and assessing segment performance, segment operating EBITDA is the primary measure used by Corteva’s CODM. The company defines segment operating EBITDA as earnings (loss) (i.e., income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, corporate expenses, non-operating benefits (costs), foreign exchange gains (losses), and net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting, excluding the impact of significant items. Non-operating benefits (costs) consists of non-operating pension and other post-employment benefit (OPEB) benefits (costs), tax indemnification adjustments and environmental remediation and legal costs associated with legacy EID businesses and sites. Tax indemnification adjustments relate 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 that are recorded by the company as pre-tax income or expense. Net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting represents the non-cash net gain (loss) from changes in fair value of certain undesignated foreign currency derivative contracts. Upon settlement, which is within the same calendar year of execution of the contract, the realized gain (loss) from the changes in fair value of the non-qualified foreign currency derivative contracts will be reported in the respective segment results to reflect the economic effects of the foreign currency derivative contracts without the resulting unrealized mark to fair value volatility.

As of and for the Three Months Ended September 30, (In millions)	Seed		Crop Protection		Total
2022
Net sales	$	862	$	1,915	$	2,777
Segment operating EBITDA	$	(224)	$	352	$	128
Segment assets1	$	22,665	$	13,474	$	36,139
2021
Net sales	$	738	$	1,633	$	2,371
Segment operating EBITDA	$	(217)	$	206	$	(11)
Segment assets1	$	23,701	$	12,539	$	36,240

1.    Segment assets at December 31, 2021 were $23,270 million and $12,428 million for Seed and Crop Protection, respectively.

For the Nine Months Ended September 30, (In millions)	Seed		Crop Protection		Total
2022
Net Sales	$	7,333	$	6,297	$	13,630
Segment operating EBITDA	$	1,585	$	1,352	$	2,937
2021
Net sales	$	7,010	$	5,166	$	12,176
Segment operating EBITDA	$	1,523	$	897	$	2,420

Reconciliation to interim Consolidated Financial Statements

Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Income (loss) from continuing operations after income taxes	$	(322)	$	36	$	1,257	$	1,667
Provision for (benefit from) income taxes on continuing operations	(74)		(28)		372		434
Income (loss) from continuing operations before income taxes	(396)		8		1,629		2,101
Depreciation and amortization	310		309		919		926
Interest income	(36)		(19)		(75)		(58)
Interest expense	18		8		43		22
Exchange (gains) losses	13		(2)		96		47
Non-operating (benefits) costs	(9)		(315)		(134)		(941)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges	(6)		(19)		(3)		3
Significant items (benefit) charge	202		(21)		379		214
Corporate expenses	32		40		83		106
Segment operating EBITDA	$	128	$	(11)	$	2,937	$	2,420

Segment assets to total assets (in millions)	September 30, 2022		December 31, 2021		September 30, 2021
Total segment assets	$	36,139	$	35,698	$	36,240
Corporate assets	4,512		6,646		4,882
Total assets	$	40,651	$	42,344	$	41,122

Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA

The three and nine months ended September 30, 2022, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating EBITDA:

(In millions)	Seed		Crop Protection		Corporate		Total
For the Three Months Ended September 30, 2022
Restructuring and asset related charges - net 1	$	(66)	$	(20)	$	(66)	$	(152)
Estimated settlement expense2	—		(40)		—		(40)
Inventory write-offs3	(32)		—		—		(32)
Gain on sale of business3	—		15		—		15
Settlement cost associated with Russia Exit3	(2)		—		—		(2)
Employee Retention Credit	6		3		—		9
Total	$	(94)	$	(42)	$	(66)	$	(202)

(In millions)	Seed		Crop Protection		Corporate		Total
For the Three Months Ended September 30, 2021
Restructuring and asset related charges - net 1	$	(9)	$	(8)	$	(9)	$	(26)
Equity securities mark-to-market gain	47		—		—		47
Total	$	38	$	(8)	$	(9)	$	21

(In millions)	Seed		Crop Protection		Corporate		Total
For the Nine Months Ended September 30, 2022
Restructuring and asset related charges - net 1	$	(197)	$	(20)	$	(83)	$	(300)
Estimated settlement expense2	—		(57)		—		(57)
Inventory write-offs3	(33)		—		—		(33)
Gain on sale of business3	—		15		—		15
Loss on exit of non-strategic asset3	(5)		—		—		(5)
Settlement costs associated with Russia Exit3	(8)		—		—		(8)
Employee Retention Credit	6		3		—		9
Total	$	(237)	$	(59)	$	(83)	$	(379)

(In millions)	Seed		Crop Protection		Corporate		Total
For the Nine Months Ended September 30, 2021
Restructuring and asset related charges - net 1	$	(145)	$	(51)	$	(65)	$	(261)
Equity securities mark-to-market gain	47		—		—		47
Total	$	(98)	$	(51)	$	(65)	$	(214)

1.Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 4 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements, for additional information.

2.Consists of estimated Lorsban® related reserves

3.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.

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Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS In September 2022, Corteva announced that it has signed a definitive agreement to acquire Quorum Vital Investment, S.L. and its affiliates (“Symborg”), a leader in microbiological technologies. The transaction is subject to customary closing conditions and is expected to be completed in 2022. The company will apply the acquisition method of accounting and expects to complete the preliminary purchase price allocation for the business combination during the fourth quarter of 2022.

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EID - Basis of Presentation (Notes)

9 Months Ended

Sep. 30, 2022

EID [Member]

Entity Information [Line Items]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

BASIS OF PRESENTATION

Corteva, Inc. owns 100% of the outstanding common stock of EID. EID is a subsidiary of Corteva, Inc. and continues to be a reporting company, subject to the requirements of the Exchange Act. The primary differences between Corteva, Inc. and EID are outlined below:

•Preferred Stock - EID has preferred stock outstanding to third parties which is accounted for as a non-controlling interest at the Corteva, Inc. level. Each share of EID Preferred Stock - $4.50 Series and EID Preferred Stock - $3.50 Series issued and outstanding at the effective date of the Corteva Distribution remains issued and outstanding as to EID and was unaffected by the Corteva Distribution.

•Related Party Loan - EID engaged in a series of debt redemptions during the second quarter of 2019 that were partially funded through an intercompany loan from Corteva, Inc. This was eliminated in consolidation at the Corteva, Inc. level but remains on EID's consolidated financial statements at the standalone level (including the associated interest).

•Capital Structure - At September 30, 2022, Corteva, Inc.'s capital structure consists of 716,225,000 issued shares of common stock, par value $0.01 per share.

The accompanying footnotes relate to EID only, and not to Corteva, Inc., and are presented to show differences between EID and Corteva, Inc.

For the footnotes listed below, refer to the following Corteva, Inc. footnotes:

•Note 1 - Summary of Significant Accounting Policies - refer to page 10 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 2 - Recent Accounting Guidance - refer to page 10 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 3 - Revenue - refer to page 11 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 4 - Restructuring and Asset Related Charges - Net - refer to page 13 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 5 - Supplementary Information - refer to page 15 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 6 - Income Taxes - refer to page 17 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 7 - Earnings Per Share of Common Stock - Not applicable for EID

•Note 8 - Accounts and Notes Receivable - Net - refer to page 19 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 9 - Inventories - refer to page 20 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 10 - Other Intangible Assets - refer to page 20 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 11 - Short-Term Borrowings, Long-Term Debt and Available Credit Facilities - refer to page 21 of the Corteva, Inc. interim Consolidated Financial Statements. In addition, EID has a related party loan payable to Corteva, Inc.; refer to EID Note 2 - Related Party Transactions, below

•Note 12 - Commitments and Contingent Liabilities - refer to page 23 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 13 - Stockholders' Equity - refer to page 30 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 14 - Pension Plans and Other Post Employment Benefits - refer to page 33 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 15 - Financial Instruments - refer to page 33 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 16 - Fair Value Measurements - refer to page 39 of the Corteva, Inc. interim Consolidated Financial Statements

•Note 17 - Segment Information - Differences exist between Corteva, Inc. and EID; refer to EID Note 3 - Segment Information, below

•Note 18 - Subsequent Events - refer to page 43 of the Corteva, Inc. interim Consolidated Financial Statements

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EID - Related Party Transactions (Notes)

9 Months Ended

Sep. 30, 2022

EID [Member]

Related Party Transaction [Line Items]

Related Party Transactions Disclosure [Text Block]

RELATED PARTY TRANSACTIONS

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, 2022, December 31, 2021, and September 30, 2021, the outstanding related party loan balance was $1,066 million, $2,162 million, and $2,443 million, respectively (which approximates fair value), with interest rates of 4.12%, 1.67%, and 1.52%, respectively, and is reflected as long-term debt - related party in EID's interim Consolidated Balance Sheets. Additionally, EID has incurred tax deductible interest expense of $14 million and $33 million for the three and nine months ended September 30, 2022, respectively, and $11 million and $39 million for the three and nine months ended September 30, 2021, respectively, associated with the related party loan from Corteva, Inc.

As of September 30, 2022, December 31, 2021, and September 30, 2021, EID had payables to Corteva, Inc., of $24 million, $27 million and $61 million included in accrued and other current liabilities, respectively, and $122 million, $117 million, and $90 million, included in other noncurrent obligations, respectively, in the interim Consolidated Balance Sheets related to Corteva's indemnification liabilities to Dow and DuPont per the Separation Agreements (refer to page 24 of the Corteva, Inc. interim Consolidated Financial Statements for further details of the Separation Agreements).

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EID Segment FN (Notes)

9 Months Ended

Sep. 30, 2022

Segment Reporting Information [Line Items]

Segment Reporting Disclosure [Text Block]

SEGMENT INFORMATION

Corteva’s reportable segments reflects the manner in which its chief operating decision maker ("CODM") allocates resources and assesses performance, which is at the operating segment level (seed and crop protection). For purposes of allocating resources to the segments and assessing segment performance, segment operating EBITDA is the primary measure used by Corteva’s CODM. The company defines segment operating EBITDA as earnings (loss) (i.e., income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, corporate expenses, non-operating benefits (costs), foreign exchange gains (losses), and net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting, excluding the impact of significant items. Non-operating benefits (costs) consists of non-operating pension and other post-employment benefit (OPEB) benefits (costs), tax indemnification adjustments and environmental remediation and legal costs associated with legacy EID businesses and sites. Tax indemnification adjustments relate 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 that are recorded by the company as pre-tax income or expense. Net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting represents the non-cash net gain (loss) from changes in fair value of certain undesignated foreign currency derivative contracts. Upon settlement, which is within the same calendar year of execution of the contract, the realized gain (loss) from the changes in fair value of the non-qualified foreign currency derivative contracts will be reported in the respective segment results to reflect the economic effects of the foreign currency derivative contracts without the resulting unrealized mark to fair value volatility.

As of and for the Three Months Ended September 30, (In millions)	Seed		Crop Protection		Total
2022
Net sales	$	862	$	1,915	$	2,777
Segment operating EBITDA	$	(224)	$	352	$	128
Segment assets1	$	22,665	$	13,474	$	36,139
2021
Net sales	$	738	$	1,633	$	2,371
Segment operating EBITDA	$	(217)	$	206	$	(11)
Segment assets1	$	23,701	$	12,539	$	36,240

1.    Segment assets at December 31, 2021 were $23,270 million and $12,428 million for Seed and Crop Protection, respectively.

For the Nine Months Ended September 30, (In millions)	Seed		Crop Protection		Total
2022
Net Sales	$	7,333	$	6,297	$	13,630
Segment operating EBITDA	$	1,585	$	1,352	$	2,937
2021
Net sales	$	7,010	$	5,166	$	12,176
Segment operating EBITDA	$	1,523	$	897	$	2,420

Reconciliation to interim Consolidated Financial Statements

Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Income (loss) from continuing operations after income taxes	$	(322)	$	36	$	1,257	$	1,667
Provision for (benefit from) income taxes on continuing operations	(74)		(28)		372		434
Income (loss) from continuing operations before income taxes	(396)		8		1,629		2,101
Depreciation and amortization	310		309		919		926
Interest income	(36)		(19)		(75)		(58)
Interest expense	18		8		43		22
Exchange (gains) losses	13		(2)		96		47
Non-operating (benefits) costs	(9)		(315)		(134)		(941)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges	(6)		(19)		(3)		3
Significant items (benefit) charge	202		(21)		379		214
Corporate expenses	32		40		83		106
Segment operating EBITDA	$	128	$	(11)	$	2,937	$	2,420

Segment assets to total assets (in millions)	September 30, 2022		December 31, 2021		September 30, 2021
Total segment assets	$	36,139	$	35,698	$	36,240
Corporate assets	4,512		6,646		4,882
Total assets	$	40,651	$	42,344	$	41,122

Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA

The three and nine months ended September 30, 2022, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating EBITDA:

(In millions)	Seed		Crop Protection		Corporate		Total
For the Three Months Ended September 30, 2022
Restructuring and asset related charges - net 1	$	(66)	$	(20)	$	(66)	$	(152)
Estimated settlement expense2	—		(40)		—		(40)
Inventory write-offs3	(32)		—		—		(32)
Gain on sale of business3	—		15		—		15
Settlement cost associated with Russia Exit3	(2)		—		—		(2)
Employee Retention Credit	6		3		—		9
Total	$	(94)	$	(42)	$	(66)	$	(202)

(In millions)	Seed		Crop Protection		Corporate		Total
For the Three Months Ended September 30, 2021
Restructuring and asset related charges - net 1	$	(9)	$	(8)	$	(9)	$	(26)
Equity securities mark-to-market gain	47		—		—		47
Total	$	38	$	(8)	$	(9)	$	21

(In millions)	Seed		Crop Protection		Corporate		Total
For the Nine Months Ended September 30, 2022
Restructuring and asset related charges - net 1	$	(197)	$	(20)	$	(83)	$	(300)
Estimated settlement expense2	—		(57)		—		(57)
Inventory write-offs3	(33)		—		—		(33)
Gain on sale of business3	—		15		—		15
Loss on exit of non-strategic asset3	(5)		—		—		(5)
Settlement costs associated with Russia Exit3	(8)		—		—		(8)
Employee Retention Credit	6		3		—		9
Total	$	(237)	$	(59)	$	(83)	$	(379)

(In millions)	Seed		Crop Protection		Corporate		Total
For the Nine Months Ended September 30, 2021
Restructuring and asset related charges - net 1	$	(145)	$	(51)	$	(65)	$	(261)
Equity securities mark-to-market gain	47		—		—		47
Total	$	(98)	$	(51)	$	(65)	$	(214)

1.Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 4 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements, for additional information.

2.Consists of estimated Lorsban® related reserves

3.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.

EID [Member]

Segment Reporting Information [Line Items]

Segment Reporting Disclosure [Text Block]

SEGMENT INFORMATION

There are no differences in reporting structure or segments between Corteva, Inc. and EID. In addition, there are no differences between Corteva, Inc. and EID segment net sales, segment operating EBITDA, segment assets, or significant items by segment; refer to page 40 of the Corteva, Inc. interim Consolidated Financial Statements for background information on the segments as well as further details regarding segment metrics. The tables below reconcile income (loss) from continuing operations after income taxes to segment operating EBITDA, as differences exist between Corteva, Inc. and EID.

Reconciliation to interim Consolidated Financial Statements

Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Income (loss) from continuing operations after income taxes	$	(333)	$	27	$	1,232	$	1,637
Provision for (benefit from) income taxes on continuing operations	(77)		(30)		364		425
Income (loss) from continuing operations before income taxes	(410)		(3)		1,596		2,062
Depreciation and amortization	310		309		919		926
Interest income	(36)		(19)		(75)		(58)
Interest expense	32		19		76		61
Exchange (gains) losses	13		(2)		96		47
Non-operating (benefits) costs	(9)		(315)		(134)		(941)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges	(6)		(19)		(3)		3
Significant items (benefit) charge	202		(21)		379		214
Corporate expenses	32		40		83		106
Segment operating EBITDA	$	128	$	(11)	$	2,937	$	2,420

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") for interim financial information and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair statement of the results for interim periods have been included. Results for interim periods should not be considered indicative of results for a full year. These interim Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto contained in the company’s Annual Report on Form 10-K for the year ended December 31, 2021, collectively referred to as the “2021 Annual Report.” The interim Consolidated Financial Statements include the accounts of the company and all of its subsidiaries in which a controlling interest is maintained.

Since 2018, Argentina has been considered a hyper-inflationary economy under U.S. GAAP and therefore the U.S. Dollar (“USD”) is the functional currency for our related subsidiaries. Argentina contributes approximately 5 percent to both the company's annual Sales and EBITDA. We remeasure net monetary assets and translate our financial statements utilizing the official Argentine Peso (“Peso”) to USD exchange rate. The ability to draw down Peso cash balances is limited at this time due to government restrictions and market availability of U.S. Dollars. The devaluation of the Peso relative to the USD over the last several years has resulted in the recognition of exchange losses (refer to Note 5 – Supplementary Information, to the interim Consolidated Financial Statements, and Note 9 – Supplemental Information, to the company's 2021 Annual Report). As of September 30, 2022, a further 10 percent deterioration in the official Peso to USD exchange rate would reduce the USD value of our net monetary assets and negatively impact pre-tax earnings by approximately $20 million. We will continue to assess the implications to our operations and financial reporting.

In April 2022, the company implemented a global business unit organization model (“BU Reorganization”). While the new organization model had no impact on our determination of operating segments, it did result in the company’s digital reporting unit being merged into the seed and crop protection reporting units with the goodwill relating to the former digital reporting unit being reassigned to the seed and crop protection reporting units using a relative fair value allocation approach. The impact of the BU Reorganization did not have a material impact to the company’s historical reportable segments’ financial measures. An interim goodwill impairment assessment immediately prior to the BU Reorganization and for the seed and crop protection reporting units immediately after the BU Reorganization resulted in no goodwill impairment charges.

Qualitative impairment assessments were performed for the seed and crop protection reporting units. The qualitative assessments included an evaluation of relevant factors including GDP growth rates, long-term commodity prices, equity and credit market activity, discount rates, changes in the industry and market structure, competitive environments, cost factors such as raw material prices, and overall financial performance. Based on the qualitative assessments performed, it was more likely than not that the fair value of each reporting unit exceeded the carrying value and therefore a quantitative test was not performed. A quantitative impairment assessment was performed for the former digital reporting unit using a combination of the discounted cash flow model (a form of the income approach) and the market approach. Under the income approach, fair value is determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. The company's significant assumptions in this analysis included future cash flow projections, weighted average cost of capital, the terminal growth rate and the tax rate. The company’s estimate of future cash flows is based on current regulatory and economic climates, recent operating results, and assumed business strategy from a market participant perspective and includes an estimate of a long-term future growth rate based on such strategy. Actual results may differ from those assumed in the company’s forecast. The company derives its discount rate using a capital asset pricing model and analyzes published rates for industries relevant to its reporting unit to estimate the cost of equity financing. The company uses a discount rate that is commensurate with the risks and uncertainty inherent in the reporting unit and in its internally developed forecast. Under the market approach, the company uses historically completed transactions for comparable companies.

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Recent Accounting Guidance Recent Accounting Guidance (Policies)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Recent Accounting Guidance

Recently Adopted Accounting Guidance

In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance, which requires business entities to disclose transactions with a governmental entity for which a grant or contribution accounting model is used in recognizing and measuring such transactions. This standard is effective for fiscal years beginning after December 15, 2021, and early adoption is permitted. The company adopted this guidance on January 1, 2022 and it did not have a material impact on the company’s disclosures.

Accounting Guidance Issued But Not Adopted as of September 30, 2022

In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. This ASU includes amendments that require a buyer in supplier finance programs to disclose key terms of the programs and related obligations, including a rollforward of such obligations. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the rollforward requirements, which is effective for fiscal years beginning after December 15, 2023, and early adoption is permitted. Retrospective application to all periods in which a balance sheet is presented is required, except for the rollforward requirement, which will be applied prospectively. The adoption of this guidance will result in the company being required to include certain disclosures relating to supplier financing programs and related obligations.

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Revenue Revenue Recognition (Policies)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition, Sales of Goods

Products

Substantially all of Corteva's revenue is derived from product sales. Product sales consist of sales of Corteva's products to farmers, distributors, and manufacturers. Corteva considers purchase orders, which in some cases are governed by master supply agreements, to be a contract with a customer. Contracts with customers are considered to be short-term when the time between order confirmation and satisfaction of the performance obligations is equal to or less than one year. However, the company has some long-term contracts which can span multiple years.

Revenue from product sales is recognized when the customer obtains control of the company's product, which occurs at a point in time according to shipping terms. Payment terms are generally less than one year from invoicing. The company elected the practical expedient and does not adjust the promised amount of consideration for the effects of a significant financing component when the company expects it will be one year or less between when a customer obtains control of the company's product and when payment is due. When the company performs shipping and handling activities after the transfer of control to the customer (e.g., when control transfers prior to or at shipment), these are considered fulfillment activities, and accordingly, the costs are accrued when the related revenue is recognized. Taxes collected from customers relating to product sales and remitted to governmental authorities are excluded from revenues. In addition, the company elected the practical expedient to expense any costs to obtain contracts as incurred, as the amortization period for these costs would have been one year or less.

The transaction price includes estimates of variable consideration, such as rights of return, rebates, and discounts, that are reductions in revenue. All estimates are based on the company's historical experience, anticipated performance, and the company's best judgment at the time the estimate is made. Estimates of variable consideration included in the transaction price primarily utilize the expected value method based on historical experience. These estimates are reassessed each reporting period and are included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur upon resolution of uncertainty associated with the variable consideration. The majority of contracts have a single performance obligation satisfied at a point in time and the transaction price is stated in the contract, usually as quantity times price per unit. For contracts with multiple performance obligations, the company allocates the transaction price to each performance obligation based on the relative standalone selling price. The standalone selling price is the observable price which depicts the price as if sold to a similar customer in similar circumstances.

Revenue Recognition, Licenses of Intellectual Property

Licenses of Intellectual PropertyCorteva enters into licensing arrangements with customers under which it licenses its intellectual property. Revenue from the majority of intellectual property licenses is derived from sales-based royalties. Revenue for licensing agreements that contain sales-based royalties is recognized at the later of (i) when the subsequent sale occurs or (ii) when the performance obligation to which some or all of the royalty has been allocated is satisfied.

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Revenue (Tables)

9 Months Ended

Sep. 30, 2022

Disaggregation of Revenue [Line Items]

Contract Balances

Contract Balances	September 30, 2022		December 31, 2021		September 30, 2021
(In millions)
Accounts and notes receivable - trade1	$	4,875	$	3,561	$	4,744
Contract assets - current2	$	25	$	24	$	24
Contract assets - noncurrent3	$	62	$	58	$	60
Deferred revenue - current	$	860	$	3,201	$	692
Deferred revenue - noncurrent4	$	108	$	120	$	111

1.Included in accounts and notes receivable - net in the interim Consolidated Balance Sheets.

2.Included in other current assets in the interim Consolidated Balance Sheets.

3.Included in other assets in the interim Consolidated Balance Sheets.

4.Included in other noncurrent obligations in the interim Consolidated Balance Sheets.

Major Product Line [Member]

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Corn	$	469	$	437	$	4,621	$	4,505
Soybean	205		157		1,685		1,494
Other oilseeds	124		94		647		661
Other	64		50		380		350
Seed	862		738		7,333		7,010
Herbicides	1,043		782		3,472		2,737
Insecticides	363		416		1,275		1,261
Fungicides	421		339		1,173		911
Other	88		96		377		257
Crop Protection	1,915		1,633		6,297		5,166
Total	$	2,777	$	2,371	$	13,630	$	12,176

Geography [Domain]

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue

Seed	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
North America1	$	218	$	168	$	4,637	$	4,482
EMEA2	157		153		1,442		1,398
Latin America	383		334		912		842
Asia Pacific	104		83		342		288
Total	$	862	$	738	$	7,333	$	7,010

Crop Protection	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
North America1	$	521	$	422	$	2,185	$	1,693
EMEA2	297		237		1,452		1,304
Latin America	898		763		1,852		1,361
Asia Pacific	199		211		808		808
Total	$	1,915	$	1,633	$	6,297	$	5,166

1.Represents U.S. & Canada.

2.Europe, Middle East, and Africa ("EMEA").

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Restructuring and Asset Related Charges (Tables)

9 Months Ended

Sep. 30, 2022

2022 Restructuring Actions

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

	Three Months Ended September 30,		Nine Months Ended September 30,
(In millions)	2022		2022
Seed	$	61	$	94
Crop Protection	19		20
Corporate expenses	66		88
Total1	$	146	$	202

1.This amount excludes the pre-tax charges impacting Seed recorded to cost of goods sold and other income - net in the company's interim Consolidated Statement of Operations, relating to inventory write-offs of $33 million, and a gain on sale of a business of $15 million, settlement costs associated with the Russia Exit, and charges associated with the exit of a non-strategic asset of $5 million, respectively.

The following table is a summary of charges incurred related to 2022 Restructuring Actions for the three and nine months ended September 30, 2022:

	Three Months Ended September 30,		Nine Months Ended September 30,
(In millions)	2022		2022
Severance and related benefit costs	$	66	$	88
Asset related charges	66		70
Contract termination charges1	14		44
Total restructuring and asset related charges - net2	$	146	$	202

1.Contract terminations includes early lease terminations.

2.This amount excludes the pre-tax charges recorded to the cost of goods sold and other income - net in the interim Consolidated Statement of Operations, relating to inventory write-offs of $33 million, and a gain on sale of a business of $15 million, settlement costs associated with the Russia Exit and charges associated with the exit of a non-strategic asset of $5 million, respectively.

A reconciliation of the December 31, 2021 to the September 30, 2022 liability balances related to the 2022 Restructuring Actions is summarized below:

(in millions)	Severance and Related Benefit Costs		Asset Related		Contract Termination1		Total
Balance at December 31, 2021	$	—	$	—	$	—	$	—
Charges to income (loss) from continuing operations	88		70		44		202
Payments	(19)		—		(5)		(24)
Asset write-offs	—		(70)		—		(70)
Balance at September 30, 2022	$	69	$	—	$	39	$	108

1.The liability for contract terminations includes lease obligations. The cash impact of these obligations will be substantially complete by the end of 2022.

2021 Restructuring Actions [Domain]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Seed	$	1	$	4	$	(1)	$	21
Crop Protection	(1)		4		(3)		41
Corporate expenses	—		9		3		65
Total	$	—	$	17	$	(1)	$	127

The following table is a summary of charges incurred related to 2021 Restructuring Actions for the three and nine months ended September 30, 2022 and 2021:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Severance and related benefit costs	$	—	$	9	$	3	$	58
Asset related charges	—		7		(1)		29
Contract termination charges	—		1		(3)		40
Total restructuring and asset related charges - net	$	—	$	17	$	(1)	$	127

A reconciliation of the December 31, 2021 to the September 30, 2022 liability balances related to the 2021 Restructuring Actions is summarized below:

(In millions)	Severance and Related Benefit Costs		Asset Related1		Contract Termination		Total
Balance at December 31, 2021	$	52	$	—	$	12	$	64
Charges to income (loss) from continuing operations	3		(1)		(3)		(1)
Payments	(35)		—		(8)		(43)
Asset write-offs	—		1		—		1
Balance at September 30, 2022	$	20	$	—	$	1	$	21

1.In addition, the company has a liability recorded for asset retirement obligations of $3 million as of September 30, 2022.

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Supplementary Information (Tables)

9 Months Ended

Sep. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Other Nonoperating Income (Expense)

Other Income - Net	Three Months Ended September				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Interest income	$	36	$	19	$	75	$	58
Equity in earnings (losses) of affiliates - net	(1)		(1)		13		4
Net gain (loss) on sales of businesses and other assets	16		1		17		2
Net exchange gains (losses)1	(13)		2		(96)		(47)
Non-operating pension and other post employment benefit credit (costs)2	22		326		170		979
Miscellaneous income (expenses) - net3	(37)		31		(90)		17
Other income - net	$	23	$	378	$	89	$	1,013

1.Includes net pre-tax exchange gains (losses) of $(32) million and $(65) million associated with the devaluation of the Argentine peso for the three and nine months ended September 30, 2022, respectively, and $(16) million and $(53) million for the three and nine months ended September 30, 2021, respectively.

2.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 settlement gain (loss)).

3.Miscellaneous income (expenses) - net for the three and nine months ended September 30, 2022 and 2021 includes losses on 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. Miscellaneous income (expenses) - net for the three and nine months ended September 30, 2022 also includes estimated settlement reserves, settlement cost associated with the Russia Exit and an Employee Retention Credit, and the nine months ended September 30, 2022 also includes charges associated with the exit of a non-strategic asset. Additionally, the three and nine months ended September 30, 2021 includes a gain from remeasurement of an equity investment and the nine months ended September 30, 2021 includes realized losses on sale of available-for-sale securities.

Foreign Currency Exchange Gain (Loss)

(In millions)	Three Months Ended September				Nine Months Ended September 30,
	2022		2021		2022		2021
Subsidiary Monetary Position Gain (Loss)
Pre-tax exchange gain (loss)	$	(80)	$	(32)	$	(120)	$	(47)
Local tax (expenses) benefits	(40)		3		(61)		(11)
Net after-tax impact from subsidiary exchange gain (loss)	$	(120)	$	(29)	$	(181)	$	(58)
Hedging Program Gain (Loss)
Pre-tax exchange gain (loss)	$	67	$	34	$	24	$	—
Tax (expenses) benefits	(15)		(8)		(5)		—
Net after-tax impact from hedging program exchange gain (loss)	$	52	$	26	$	19	$	—
Total Exchange Gain (Loss)
Pre-tax exchange gain (loss)	$	(13)	$	2	$	(96)	$	(47)
Tax (expenses) benefits	(55)		(5)		(66)		(11)
Net after-tax exchange gain (loss)	$	(68)	$	(3)	$	(162)	$	(58)

Restrictions on Cash and Cash Equivalents

(In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Cash and cash equivalents	$	2,199	$	4,459	$	2,779
Restricted cash equivalents	420		377		361
Total cash, cash equivalents and restricted cash equivalents	$	2,619	$	4,836	$	3,140

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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Net Income (Loss) for Earnings (Loss) Per Share Calculations - Basic and Diluted	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Income (loss) from continuing operations after income taxes	$	(322)	$	36	$	1,257	$	1,667
Net income (loss) attributable to continuing operations noncontrolling interests	3		2		9		8
Income (loss) from continuing operations available to Corteva common stockholders	(325)		34		1,248		1,659
(Loss) income from discontinued operations available to Corteva common stockholders	(6)		(4)		(46)		(59)
Net income (loss) available to common stockholders	$	(331)	$	30	$	1,202	$	1,600

Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method [Table Text Block]

Earnings (Loss) Per Share Calculations - Basic	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars per share)	2022		2021		2022		2021
Earnings (loss) per share of common stock from continuing operations	$	(0.45)	$	0.05	$	1.73	$	2.25
(Loss) earnings per share of common stock from discontinued operations	(0.01)		(0.01)		(0.06)		(0.08)
Earnings (loss) per share of common stock	$	(0.46)	$	0.04	$	1.67	$	2.17

Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block]

Earnings (Loss) Per Share Calculations - Diluted	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars per share)	2022		2021		2022		2021
Earnings (loss) per share of common stock from continuing operations	$	(0.45)	$	0.05	$	1.72	$	2.23
(Loss) earnings per share of common stock from discontinued operations	(0.01)		(0.01)		(0.06)		(0.08)
Earnings (loss) per share of common stock	$	(0.46)	$	0.04	$	1.66	$	2.15

Share Count Information

Share Count Information	Three Months Ended September 30,		Nine Months Ended September 30,
(Shares in millions)	2022	2021	2022	2021
Weighted-average common shares - basic	718.7	733.8	722.8	738.1
Plus dilutive effect of equity compensation plans1	—	5.7	3.6	5.9
Weighted-average common shares - diluted	718.7	739.5	726.4	744.0
Potential shares of common stock excluded from EPS calculations2	6.1	3.0	2.2	3.1

1.Diluted earnings (loss) per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect.

2.These outstanding potential shares of common stock relating to stock options, restricted stock units and performance-based restricted stock units were excluded from the calculation of diluted earnings (loss) per share because (i) the effect of including them would have been anti-dilutive; and (ii) the performance metrics have not yet been achieved for the outstanding potential shares relating to performance-based restricted stock units, which are deemed to be contingently issuable.

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Accounts and Notes Receivable (Tables)

9 Months Ended

Sep. 30, 2022

Accounts and Notes Receivable [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

(In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Accounts receivable – trade1	$	3,642	$	3,441	$	3,336
Notes receivable – trade1,2	1,233		120		1,408
Other3	1,398		1,250		1,074
Total accounts and notes receivable - net	$	6,273	$	4,811	$	5,818

1.Accounts receivable – trade and notes receivable - trade are net of allowances of $213 million at September 30, 2022, and $210 million at December 31, 2021, and September 30, 2021. Allowances are equal to the estimated uncollectible amounts and are based on the expected credit losses and were developed using a loss-rate method.

2.Notes receivable – trade primarily consists of receivables for deferred payment loan programs for the sale of seed and chemical products to customers. These loans have terms of one year or less and are primarily concentrated in North America. The company maintains a rigid approval process for extending credit to customers in order to manage overall risk and exposure associated with credit losses. As of September 30, 2022, December 31, 2021, and September 30, 2021 there were no significant impairments related to current loan agreements.

3.Other includes receivables in relation to indemnification assets, value added tax, general sales tax and other taxes. No individual group represents more than 10 percent of total receivables. In addition, Other includes amounts due from nonconsolidated affiliates of $132 million, $104 million, and $84 million as of September 30, 2022, December 31, 2021, and September 30, 2021, respectively.

Accounts Receivable, Allowance for Credit Loss [Table Text Block]

(In millions)
2021
Balance at December 31, 2020	$	208
Net benefit for credit losses	(7)
Write-offs charged against allowance / other	9
Balance at September 30, 2021	$	210
2022
Balance at December 31, 2021	$	210
Net provision for credit losses	4
Write-offs charged against allowance / other	(1)
Balance at September 30, 2022	$	213

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Inventories (Tables)

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

(In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Finished products	$	2,082	$	2,497	$	1,871
Semi-finished products	2,557		2,076		2,028
Raw materials and supplies	776		607		518
Total inventories	$	5,415	$	5,180	$	4,417

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Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets

(In millions)	September 30, 2022						December 31, 2021						September 30, 2021
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets subject to amortization (Definite-lived):
Germplasm	$	6,265	$	(762)	$	5,503	$	6,265	$	(571)	$	5,694	$	6,265	$	(507)	$	5,758
Customer-related	1,890		(550)		1,340		1,953		(487)		1,466		1,956		(460)		1,496
Developed technology	1,485		(790)		695		1,485		(679)		806		1,485		(641)		844
Trademarks/trade names	2,006		(231)		1,775		2,012		(172)		1,840		2,012		(152)		1,860
Favorable supply contracts	475		(467)		8		475		(396)		79		475		(373)		102
Other1	395		(265)		130		405		(256)		149		407		(252)		155
Total other intangible assets with finite lives	12,516		(3,065)		9,451		12,595		(2,561)		10,034		12,600		(2,385)		10,215
Intangible assets not subject to amortization (Indefinite-lived):
IPR&D	10		—		10		10		—		10		10		—		10
Total other intangible assets	10		—		10		10		—		10		10		—		10
Total	$	12,526	$	(3,065)	$	9,461	$	12,605	$	(2,561)	$	10,044	$	12,610	$	(2,385)	$	10,225

1.Primarily consists of sales and farmer networks, marketing and manufacturing alliances and noncompetition agreements.

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Short-Term Borrowings, Long-Term Debt and Available Credit Facilities Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Instrument [Line Items]

Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt
(in millions)	September 30, 2022				December 31, 2021				September 30, 2021
	Amount		Weighted Average Rate		Amount		Weighted Average Rate		Amount		Weighted Average Rate
Promissory notes and debentures:
Maturing in 2025	$	500	1.70	%	$	500	1.70	%	$	500	1.70	%
Maturing in 2030	500		2.30	%	500		2.30	%	500		2.30	%
Other loans:
Foreign currency loans, various rates and maturities	176		14.80	%	1		6.82	%	1		6.38	%
Medium-term notes, varying maturities through 2041	107		2.87	%	107		—	%	108		—	%
Finance lease obligations	2				3				3
Less: Unamortized debt discount and issuance costs	8				10				10
Less: Long-term debt due within one year	—				1				1
Total long-term debt	$	1,277			$	1,100			$	1,101

Schedule of Short-term Debt [Table Text Block]

Short-term borrowings and finance lease obligations
(In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Commercial paper	$	1,369	$	—	$	802
Repurchase facility	200		—		550
Other loans - various currencies	6		15		18
Long-term debt payable within one year	—		1		1
Finance lease obligations payable within one year	1		1		1
Total short-term borrowings and finance lease obligations	$	1,576	$	17	$	1,372

Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt
(in millions)	September 30, 2022				December 31, 2021				September 30, 2021
	Amount		Weighted Average Rate		Amount		Weighted Average Rate		Amount		Weighted Average Rate
Promissory notes and debentures:
Maturing in 2025	$	500	1.70	%	$	500	1.70	%	$	500	1.70	%
Maturing in 2030	500		2.30	%	500		2.30	%	500		2.30	%
Other loans:
Foreign currency loans, various rates and maturities	176		14.80	%	1		6.82	%	1		6.38	%
Medium-term notes, varying maturities through 2041	107		2.87	%	107		—	%	108		—	%
Finance lease obligations	2				3				3
Less: Unamortized debt discount and issuance costs	8				10				10
Less: Long-term debt due within one year	—				1				1
Total long-term debt	$	1,277			$	1,100			$	1,101

Schedule of Line of Credit Facilities

Committed and Available Credit Facilities at September 30, 2022
(in millions)	Effective Date	Committed Credit		Credit Available		Maturity Date	Interest
Revolving Credit Facility	May 2022	$	3,000	$	3,000	May 2027	Floating Rate
Revolving Credit Facility	May 2022	2,000		2,000		May 2025	Floating Rate
364-day Revolving Credit Facility	May 2022	500		500		May 2023	Floating Rate
Total Committed and Available Credit Facilities		$	5,500	$	5,500

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Commitments and Contingent Liabilities (Tables)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Environmental Loss Contingencies by Site [Table Text Block]

	As of September 30, 2022
(In millions)	Indemnification Asset		Accrual balance3		Potential exposure above amount accrued3
Environmental Remediation Stray Liabilities
Chemours related obligations - subject to indemnity1,2	$	155	$	155	$	266
Other discontinued or divested businesses obligations1	24		77		185
Environmental remediation liabilities primarily related to DuPont - subject to indemnity from DuPont2	45		46		62
Environmental remediation liabilities not subject to indemnity	—		80		54
Indemnification liabilities related to the MOU4	21		125		29
Total	$	245	$	483	$	596

1.Represents liabilities that are subject to the $200 million threshold and sharing arrangements as discussed on page 24, under the header "Corteva Separation Agreement."

2.The company has recorded an indemnification asset related to these accruals, including $36 million related to the Superfund sites.

3.Accrual balance represents management’s best estimate of the costs of remediation and restoration, although it is reasonably possible that the potential exposure, as indicated, could range above the amounts accrued, as there are inherent uncertainties in these estimates. Accrual balances includes $67 million for remediation of Superfund sites. Amounts do not include possible impacts from the remediation elements of the EPA's October 2021 PFAS Strategic Roadmap (as applicable), except as disclosed on page 28 relating to Chemours' remediation activities at the Fayetteville Works Facility pursuant to the Consent Order with the NC DEQ.

4.Represents liabilities that are subject to the $150 million threshold and sharing agreements as discussed on page 23, under the header "Chemours / Performance Chemicals."

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Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of Noncontrolling Interests Represented by Preferred Stock [Table Text Block]

Shares in thousands	Number of Shares
Authorized	23,000
$4.50 Series, callable at $120	1,673
$3.50 Series, callable at $102	700

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

(In millions)	Cumulative Translation Adjustment1		Derivative Instruments		Pension Benefit Plans		Other Benefit Plans		Unrealized Gain (Loss) on Investments		Total
2021
Balance January 1, 2021	$	(1,970)	$	(67)	$	(1,433)	$	590	$	(10)	$	(2,890)
Other comprehensive income (loss) before reclassifications	(424)		115		(6)		1		3		(311)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(8)		32		(475)		7		(444)
Net other comprehensive income (loss)	(424)		107		26		(474)		10		(755)
Balance September 30, 2021	$	(2,394)	$	40	$	(1,407)	$	116	$	—	$	(3,645)
2022
Balance January 1, 2022	$	(2,543)	$	72	$	(396)	$	(31)	$	—	$	(2,898)
Other comprehensive income (loss) before reclassifications	(868)		92		107		3		—		(666)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(50)		21		1		—		(28)
Net other comprehensive income (loss)	(868)		42		128		4		—		(694)
Balance September 30, 2022	$	(3,411)	$	114	$	(268)	$	(27)	$	—	$	(3,592)

1.The cumulative translation adjustment gain for the nine months ended September 30, 2022 was primarily driven by strengthening of the USD against the European Euro ("EUR"), Swiss Franc ("CHF"), Indian Rupee ("INR") and South African Rand ("ZAR"). The cumulative translation adjustment loss for the nine months ended September 30, 2021 was primarily driven by strengthening of the USD against the European Euro ("EUR"), Swiss Franc ("CHF") and Brazilian Real ("BRL").

Tax (Expense) Benefit of Other Comprehensive (Loss) Income

(In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Derivative instruments	$	(13)	$	(12)	$	(13)	$	(37)
Pension benefit plans - net	(30)		(3)		(35)		(8)
Other benefit plans - net	—		51		3		148
(Provision for) benefit from income taxes related to other comprehensive income (loss) items	$	(43)	$	36	$	(45)	$	103

Reclassification out of Accumulated Other Comprehensive (Loss) Income [Table Text Block]

(In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Derivative Instruments1:	$	33	$	6	$	(68)	$	(9)
Tax (benefit) expense2	(5)		(1)		18		1
After-tax	$	28	$	5	$	(50)	$	(8)
Amortization of pension benefit plans:
Prior service (benefit) cost3,4	$	—	$	—	$	(2)	$	(1)
Actuarial (gains) losses3,4	—		14		2		41
Settlement (gain) loss3,4	25		—		27		1
Total before tax	$	25	$	14	$	27	$	41
Tax (benefit) expense2	(6)		(3)		(6)		(9)
After-tax	$	19	$	11	$	21	$	32
Amortization of other benefit plans:
Prior service (benefit) cost3,4	$	—	$	(231)	$	(1)	$	(692)
Actuarial (gains) loss3,4	1		23		2		70
Curtailment (gain) loss	—		—		—		(1)
Total before tax	$	1	$	(208)	$	1	$	(623)
Tax (benefit) expense2	—		51		—		148
After-tax	$	1	$	(157)	$	1	$	(475)
Unrealized Loss on Investments4	$	—	$	—	$	—	$	7
Tax (benefit) expense2	—		—		—		—
After-tax	$	—	$	—	$	—	$	7
Total reclassifications for the period, after-tax	$	48	$	(141)	$	(28)	$	(444)

1.Reflected in cost of goods sold in the interim Consolidated Statements of Operations.

2.Reflected in provision for (benefit from) income taxes from continuing operations in the interim Consolidated Statements of Operations.

3.These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit credit of the company's pension and other benefit plans. See Note 14 - Pension Plans and Other Post Employment Benefits, for additional information.

4.Reflected in other income - net in the interim Consolidated Statements of Operations.

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Pension Plans and Other Post Employment Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Schedule of Net Benefit Costs [Table Text Block]

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Defined Benefit Pension Plans:
Service cost	$	5	$	7	$	14	$	19
Interest cost	126		91		343		273
Expected return on plan assets	(180)		(228)		(560)		(686)
Amortization of unrecognized (gain) loss	—		14		2		41
Amortization of prior service (benefit) cost	—		—		(2)		(1)
Settlement loss	25		—		27		1
Net periodic benefit (credit) cost	$	(24)	$	(116)	$	(176)	$	(353)
Other Post Employment Benefits:
Service cost	$	—	$	1	$	1	$	1
Interest cost	6		5		19		16
Amortization of unrecognized (gain) loss	1		23		2		70
Amortization of prior service (benefit) cost	—		(231)		(1)		(692)
Curtailment (gain) loss	—		—		—		(1)
Net periodic benefit (credit) cost	$	7	$	(202)	$	21	$	(606)

XML

Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Derivative [Line Items]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Notional Amounts (In millions)	September 30, 2022		December 31, 2021		September 30, 2021
Derivatives designated as hedging instruments:
Foreign currency contracts	$	948	$	1,252	$	1,227
Commodity contracts	$	1,424	$	845	$	262
Derivatives not designated as hedging instruments:
Foreign currency contracts	$	1,371	$	103	$	1,164
Commodity contracts	$	3	$	4	$	7

Fair Value of Derivatives Instruments

		September 30, 2022
(In millions)	Balance Sheet Location	Gross		Counterparty and Cash Collateral Netting1		Net Amounts Included in the interim Consolidated Balance Sheet
Asset derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	101	$	—	$	101
Commodity contracts	Other current assets	3		—		3
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	112		(58)		54
Total asset derivatives		$	216	$	(58)	$	158
Liability derivatives:
Derivatives designated as hedging instruments:
Commodity contracts	Accrued and other current liabilities	2		—		2
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	63		(58)		5
Total liability derivatives		$	65	$	(58)	$	7

		December 31, 2021
(In millions)	Balance Sheet Location	Gross		Counterparty and Cash Collateral Netting1		Net Amounts Included in the Consolidated Balance Sheet
Asset derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	37	$	—	$	37
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	31		(20)		11
Commodity contracts	Other current assets	3		—		3
Total asset derivatives		$	71	$	(20)	$	51
Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	$	1	$	—	$	1
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	23		(20)		3
Commodity contracts	Accrued and other current liabilities	2		—		2
Total liability derivatives		$	26	$	(20)	$	6

		September 30, 2021
(In millions)	Balance Sheet Location	Gross		Counterparty and Cash Collateral Netting1		Net Amounts Included in the interim Consolidated Balance Sheet
Asset derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	20	$	—	$	20
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	37		(23)		14
Total asset derivatives		$	57	$	(23)	$	34
Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	$	9	$	—	$	9
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	31		(23)		8
Total liability derivatives		$	40	$	(23)	$	17

1.    Counterparty and cash collateral amounts represent the estimated net settlement amount when applying netting and set-off rights included in master netting arrangements between the company and its counterparties and the payable or receivable for cash collateral held or placed with the same counterparty.

Effect of Derivatives

	Amount of Gain (Loss) Recognized in OCI - Pre-Tax1
	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Derivatives designated as hedging instruments:
Net investment hedges:
Foreign currency contracts	$	47	$	10	$	74	$	24
Cash flow hedges:
Foreign currency contracts	13		18		(68)		12
Commodity contracts	(30)		(11)		117		117
Total derivatives designated as hedging instruments	$	30	$	17	$	123	$	153

1.OCI is defined as other comprehensive income (loss).

	Amount of Gain (Loss) Recognized in Income - Pre-Tax1
	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign currency contracts2	$	(39)	$	(10)	$	(44)	$	(11)
Commodity contracts2	6		4		112		20
Total derivatives designated as hedging instruments	$	(33)	$	(6)	$	68	$	9
Derivatives not designated as hedging instruments:
Foreign currency contracts3	$	67	$	34	$	24	$	—
Foreign currency contracts2	4		12		(1)		(16)
Commodity contracts2	5		(1)		(21)		(18)
Total derivatives not designated as hedging instruments	76		45		2		(34)
Total derivatives	$	43	$	39	$	70	$	(25)

1.For cash flow hedges, this represents the portion of the gain (loss) reclassified from accumulated OCI into income during the period.

2.Recorded in cost of goods sold in the interim Consolidated Statements of Operations.

3.Gain recognized in other income - net was partially offset by the related gain on the foreign currency-denominated monetary assets and liabilities of the company's operations. See Note 5 - Supplementary Information, to the interim Consolidated Financial Statements, for additional information.

Schedule of Realized Gains (Losses)

Investing Results	Nine months Ended September 30,
(In millions)	2021
Proceeds from sales of available-for-sale securities	$	226
Gross realized losses	$	(7)

Commodity Contract [Member]

Derivative [Line Items]

After-Tax Effect of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Beginning balance	$	81	$	73	$	47	$	(16)
Additions and revaluations of derivatives designated as cash flow hedges	(25)		(10)		91		93
Clearance of hedge results to earnings	(4)		(4)		(86)		(18)
Ending balance	$	52	$	59	$	52	$	59

Foreign Currency Contract [Member]

Derivative [Line Items]

After-Tax Effect of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Beginning balance	$	(31)	$	(21)	$	32	$	(17)
Additions and revaluations of derivatives designated as cash flow hedges	11		8		(56)		3
Clearance of hedge results to earnings	32		9		36		10
Ending balance	$	12	$	(4)	$	12	$	(4)

XML

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on Recurring Basis

September 30, 2022	Significant Other Observable Inputs
(In millions)	Level 1		Level 2
Assets at fair value:
Marketable securities	$	—	$	119
Derivatives relating to:1
Foreign currency	—		213
Commodity contracts	—		3
Total assets at fair value	$	—	$	335
Liabilities at fair value:
Derivatives relating to:1
Foreign currency	—		63
Commodity contracts	—		2
Total liabilities at fair value	$	—	$	65

December 31, 2021	Significant Other Observable Inputs
(In millions)	Level 1		Level 2
Assets at fair value:
Marketable securities	$	—	$	86
Derivatives relating to:1
Foreign currency	—		68
Equity securities2	48		—
Total assets at fair value	$	48	$	154
Liabilities at fair value:
Derivatives relating to:1
Foreign currency	—		24
Total liabilities at fair value	$	—	$	24

September 30, 2021	Significant Other Observable Inputs
(In millions)	Level 1		Level 2
Assets at fair value:
Marketable securities	$	—	$	103
Derivatives relating to:1
Foreign currency	—		57
Equity Securities2	75		—
Total assets at fair value	$	75	$	160
Liabilities at fair value:
Derivatives relating to:1
Foreign currency	—		40
Total liabilities at fair value	$	—	$	40

1.See Note 15 - Financial Instruments for the classification of derivatives in the interim Consolidated Balance Sheets.

2.The company's equity securities are included in other assets in the interim Consolidated Balance Sheets.

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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting Information [Line Items]

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

Reconciliation to interim Consolidated Financial Statements

Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Income (loss) from continuing operations after income taxes	$	(322)	$	36	$	1,257	$	1,667
Provision for (benefit from) income taxes on continuing operations	(74)		(28)		372		434
Income (loss) from continuing operations before income taxes	(396)		8		1,629		2,101
Depreciation and amortization	310		309		919		926
Interest income	(36)		(19)		(75)		(58)
Interest expense	18		8		43		22
Exchange (gains) losses	13		(2)		96		47
Non-operating (benefits) costs	(9)		(315)		(134)		(941)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges	(6)		(19)		(3)		3
Significant items (benefit) charge	202		(21)		379		214
Corporate expenses	32		40		83		106
Segment operating EBITDA	$	128	$	(11)	$	2,937	$	2,420

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

As of and for the Three Months Ended September 30, (In millions)	Seed		Crop Protection		Total
2022
Net sales	$	862	$	1,915	$	2,777
Segment operating EBITDA	$	(224)	$	352	$	128
Segment assets1	$	22,665	$	13,474	$	36,139
2021
Net sales	$	738	$	1,633	$	2,371
Segment operating EBITDA	$	(217)	$	206	$	(11)
Segment assets1	$	23,701	$	12,539	$	36,240

1.    Segment assets at December 31, 2021 were $23,270 million and $12,428 million for Seed and Crop Protection, respectively.

For the Nine Months Ended September 30, (In millions)	Seed		Crop Protection		Total
2022
Net Sales	$	7,333	$	6,297	$	13,630
Segment operating EBITDA	$	1,585	$	1,352	$	2,937
2021
Net sales	$	7,010	$	5,166	$	12,176
Segment operating EBITDA	$	1,523	$	897	$	2,420

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

Segment assets to total assets (in millions)	September 30, 2022		December 31, 2021		September 30, 2021
Total segment assets	$	36,139	$	35,698	$	36,240
Corporate assets	4,512		6,646		4,882
Total assets	$	40,651	$	42,344	$	41,122

Schedule of Additional Segment Details [Table Text Block]

(In millions)	Seed		Crop Protection		Corporate		Total
For the Three Months Ended September 30, 2022
Restructuring and asset related charges - net 1	$	(66)	$	(20)	$	(66)	$	(152)
Estimated settlement expense2	—		(40)		—		(40)
Inventory write-offs3	(32)		—		—		(32)
Gain on sale of business3	—		15		—		15
Settlement cost associated with Russia Exit3	(2)		—		—		(2)
Employee Retention Credit	6		3		—		9
Total	$	(94)	$	(42)	$	(66)	$	(202)

(In millions)	Seed		Crop Protection		Corporate		Total
For the Three Months Ended September 30, 2021
Restructuring and asset related charges - net 1	$	(9)	$	(8)	$	(9)	$	(26)
Equity securities mark-to-market gain	47		—		—		47
Total	$	38	$	(8)	$	(9)	$	21

(In millions)	Seed		Crop Protection		Corporate		Total
For the Nine Months Ended September 30, 2022
Restructuring and asset related charges - net 1	$	(197)	$	(20)	$	(83)	$	(300)
Estimated settlement expense2	—		(57)		—		(57)
Inventory write-offs3	(33)		—		—		(33)
Gain on sale of business3	—		15		—		15
Loss on exit of non-strategic asset3	(5)		—		—		(5)
Settlement costs associated with Russia Exit3	(8)		—		—		(8)
Employee Retention Credit	6		3		—		9
Total	$	(237)	$	(59)	$	(83)	$	(379)

(In millions)	Seed		Crop Protection		Corporate		Total
For the Nine Months Ended September 30, 2021
Restructuring and asset related charges - net 1	$	(145)	$	(51)	$	(65)	$	(261)
Equity securities mark-to-market gain	47		—		—		47
Total	$	(98)	$	(51)	$	(65)	$	(214)

1.Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 4 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements, for additional information.

2.Consists of estimated Lorsban® related reserves

3.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.

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EID Segment FN (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting Information [Line Items]

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

Reconciliation to interim Consolidated Financial Statements

Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Income (loss) from continuing operations after income taxes	$	(322)	$	36	$	1,257	$	1,667
Provision for (benefit from) income taxes on continuing operations	(74)		(28)		372		434
Income (loss) from continuing operations before income taxes	(396)		8		1,629		2,101
Depreciation and amortization	310		309		919		926
Interest income	(36)		(19)		(75)		(58)
Interest expense	18		8		43		22
Exchange (gains) losses	13		(2)		96		47
Non-operating (benefits) costs	(9)		(315)		(134)		(941)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges	(6)		(19)		(3)		3
Significant items (benefit) charge	202		(21)		379		214
Corporate expenses	32		40		83		106
Segment operating EBITDA	$	128	$	(11)	$	2,937	$	2,420

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

Segment assets to total assets (in millions)	September 30, 2022		December 31, 2021		September 30, 2021
Total segment assets	$	36,139	$	35,698	$	36,240
Corporate assets	4,512		6,646		4,882
Total assets	$	40,651	$	42,344	$	41,122

EID [Member]

Segment Reporting Information [Line Items]

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

Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Income (loss) from continuing operations after income taxes	$	(333)	$	27	$	1,232	$	1,637
Provision for (benefit from) income taxes on continuing operations	(77)		(30)		364		425
Income (loss) from continuing operations before income taxes	(410)		(3)		1,596		2,062
Depreciation and amortization	310		309		919		926
Interest income	(36)		(19)		(75)		(58)
Interest expense	32		19		76		61
Exchange (gains) losses	13		(2)		96		47
Non-operating (benefits) costs	(9)		(315)		(134)		(941)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges	(6)		(19)		(3)		3
Significant items (benefit) charge	202		(21)		379		214
Corporate expenses	32		40		83		106
Segment operating EBITDA	$	128	$	(11)	$	2,937	$	2,420

XML

Summary of Significant Accounting Policies Summary of Accounting Policies (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Foreign Exchange Impact on Income (Loss) from Continuing Operations	$ 20
Percentage deterioration of the official Peso to USD exchange rate	10.00%
Argentina Percentage annual sales and EBITDA	5.00%

XML

Divestitures and Other Transactions Separation Agreements (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Accounts and Notes Receivable [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Indemnification Assets	$ 33	$ 25	$ 25
Other Assets [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Indemnification Assets	91	75	70
Accrued and Other Current Liabilities [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Indemnified Liabilities	24	20	54
Other noncurrent obligations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Indemnified Liabilities	$ 122	$ 117	$ 90

XML

Divestitures and Other Transactions Other Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations after income taxes	$ (6)	$ (4)	$ (46)	$ (59)

XML

Revenue Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 129	$ 123	$ 122
Minimum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Maximum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	6 years

XML

Revenue Contract Balances (Details) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Accounts and notes receivable - trade	[1]	$ 4,875	$ 4,744	$ 3,561
Contract assets - current	[2]	25	24	24
Contract assets - noncurrent	[3]	62	60	58
Deferred Revenue		860	692	3,201
Deferred revenue recognized during the period		3,049	2,454
Accrued and Other Current Liabilities [Member]
Disaggregation of Revenue [Line Items]
Deferred Revenue		860	692	3,201
Other noncurrent obligations
Disaggregation of Revenue [Line Items]
Deferred Revenue	[4]	$ 108	$ 111	$ 120

[1] Included in accounts and notes receivable - net in the interim Consolidated Balance Sheets.

[2] Included in other current assets in the interim Consolidated Balance Sheets.

[3] Included in other assets in the interim Consolidated Balance Sheets.

[4] Included in other noncurrent obligations in the interim Consolidated Balance Sheets.

XML

Revenue Disaggregation of Revenue - Principal Product Groups (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Net Sales	$ 2,777	$ 2,371	$ 13,630	$ 12,176
Seed [Member]
Disaggregation of Revenue [Line Items]
Net Sales	862	738	7,333	7,010
Seed [Member] | Corn [Member]
Disaggregation of Revenue [Line Items]
Net Sales	469	437	4,621	4,505
Seed [Member] | Soybean [Member]
Disaggregation of Revenue [Line Items]
Net Sales	205	157	1,685	1,494
Seed [Member] | Other oilseeds [Member]
Disaggregation of Revenue [Line Items]
Net Sales	124	94	647	661
Seed [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Net Sales	64	50	380	350
Crop Protection [Member]
Disaggregation of Revenue [Line Items]
Net Sales	1,915	1,633	6,297	5,166
Crop Protection [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Net Sales	88	96	377	257
Crop Protection [Member] | Herbicides [Member]
Disaggregation of Revenue [Line Items]
Net Sales	1,043	782	3,472	2,737
Crop Protection [Member] | Insecticides [Member]
Disaggregation of Revenue [Line Items]
Net Sales	363	416	1,275	1,261
Crop Protection [Member] | Fungicides [Member]
Disaggregation of Revenue [Line Items]
Net Sales	$ 421	$ 339	$ 1,173	$ 911

XML

Revenue Disaggregation of Revenue - Geography (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Net Sales		$ 2,777	$ 2,371	$ 13,630	$ 12,176
Seed [Member]
Disaggregation of Revenue [Line Items]
Net Sales		862	738	7,333	7,010
Seed [Member] | North America
Disaggregation of Revenue [Line Items]
Net Sales	[1]	218	168	4,637	4,482
Seed [Member] | EMEA
Disaggregation of Revenue [Line Items]
Net Sales	[2]	157	153	1,442	1,398
Seed [Member] | Latin America
Disaggregation of Revenue [Line Items]
Net Sales		383	334	912	842
Seed [Member] | Asia Pacific
Disaggregation of Revenue [Line Items]
Net Sales		104	83	342	288
Crop Protection [Member]
Disaggregation of Revenue [Line Items]
Net Sales		1,915	1,633	6,297	5,166
Crop Protection [Member] | North America
Disaggregation of Revenue [Line Items]
Net Sales	[1]	521	422	2,185	1,693
Crop Protection [Member] | EMEA
Disaggregation of Revenue [Line Items]
Net Sales	[2]	297	237	1,452	1,304
Crop Protection [Member] | Latin America
Disaggregation of Revenue [Line Items]
Net Sales		898	763	1,852	1,361
Crop Protection [Member] | Asia Pacific
Disaggregation of Revenue [Line Items]
Net Sales		$ 199	$ 211	$ 808	$ 808

[1] Represents U.S. & Canada.

[2] Europe, Middle East, and Africa ("EMEA").

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Restructuring and Asset Related Charges - 2022 Restructuring Actions (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022		Sep. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net		$ 152	$ 26	$ 300		$ 261
2022 Restructuring Actions- Russia Exit
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date		47		47
2022 Restructuring Actions- Russia Exit | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		20		20
2022 Restructuring Actions
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance				0
Restructuring and Asset related charges, net	[1],[2]	146		202
Payments for Restructuring				(24)
Asset write-offs and adjustments				(70)
Restructuring Reserve, Ending Balance		108		108
2022 Restructuring Actions | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		350		350
Future Cash Payments		150		150
2022 Restructuring Actions | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		420		420
Future Cash Payments		175		175
Exit of non strategic asset | 2022 Restructuring Actions | Other Income
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net				5
Severance and Related Benefit Costs | 2022 Restructuring Actions- Russia Exit
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date		6		6
Severance and Related Benefit Costs | 2022 Restructuring Actions
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance				0
Restructuring and Asset related charges, net		66		88
Payments for Restructuring				(19)
Asset write-offs and adjustments				0
Restructuring Reserve, Ending Balance		69		69
Severance and Related Benefit Costs | 2022 Restructuring Actions | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		105		105
Severance and Related Benefit Costs | 2022 Restructuring Actions | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		120		120
Contract Termination | 2022 Restructuring Actions- Russia Exit
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date		28		28
Contract Termination | 2022 Restructuring Actions
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	[3]			0
Restructuring and Asset related charges, net	[4]	14		44	[3]
Payments for Restructuring	[3]			(5)
Asset write-offs and adjustments	[3]			0
Restructuring Reserve, Ending Balance	[3]	39		39
Contract Termination | 2022 Restructuring Actions | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		65		65
Contract Termination | 2022 Restructuring Actions | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		80		80
Asset Related Charges [Member] | 2022 Restructuring Actions- Russia Exit
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date		3		3
Asset Related Charges [Member] | 2022 Restructuring Actions
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance				0
Restructuring and Asset related charges, net		66		70
Payments for Restructuring				0
Asset write-offs and adjustments				(70)
Restructuring Reserve, Ending Balance		0		0
Asset Related Charges [Member] | 2022 Restructuring Actions | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		155		155
Asset Related Charges [Member] | 2022 Restructuring Actions | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		180		180
inventory write-offs | 2022 Restructuring Actions- Russia Exit | Cost of Goods Sold
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date		2		2
inventory write-offs | 2022 Restructuring Actions | Cost of Goods Sold
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net				33
Other [Member] | 2022 Restructuring Actions | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		25		25
Other [Member] | 2022 Restructuring Actions | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		40		40
Settlement Cost
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net		(2)		(8)
Settlement Cost | 2022 Restructuring Actions- Russia Exit | Other Income
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date		8		8
Gain on Sale of Business | 2022 Restructuring Actions- Russia Exit | Other Income
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net				15
Seed [Member] | 2022 Restructuring Actions
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net		61		94
Seed [Member] | Settlement Cost
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net		(2)		(8)
Crop Protection [Member] | 2022 Restructuring Actions
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net		19		20
Corporate Segment | 2022 Restructuring Actions
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net		$ 66		$ 88

[1] This amount excludes the pre-tax charges impacting Seed recorded to cost of goods sold and other income - net in the company's interim Consolidated Statement of Operations, relating to inventory write-offs of $33 million, and a gain on sale of a business of $15 million, settlement costs associated with the Russia Exit, and charges associated with the exit of a non-strategic asset of $5 million, respectively.

[2] This amount excludes the pre-tax charges recorded to the cost of goods sold and other income - net in the interim Consolidated Statement of Operations, relating to inventory write-offs of $33 million, and a gain on sale of a business of $15 million, settlement costs associated with the Russia Exit and charges associated with the exit of a non-strategic asset of $5 million, respectively.

[3] The liability for contract terminations includes lease obligations. The cash impact of these obligations will be substantially complete by the end of 2022

[4] Contract terminations includes early lease terminations.

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Restructuring and Asset Related Charges - 2021 Restructuring Activities (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022		Sep. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net		$ 152	$ 26	$ 300		$ 261
2021 Restructuring Actions [Domain]
Restructuring Cost and Reserve [Line Items]
Asset Retirement Obligation		3		3
Restructuring Reserve, Beginning Balance				64
Restructuring and Asset related charges, net		0	17	(1)		127
Payments for Restructuring				(43)
Asset write-offs and adjustments				1
Restructuring Reserve, Ending Balance		21		21
Restructuring and Related Cost, Cost Incurred to Date		166		166
Severance and Related Benefit Costs | 2021 Restructuring Actions [Domain]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance				52
Restructuring and Asset related charges, net		0	9	3		58
Payments for Restructuring				(35)
Asset write-offs and adjustments				0
Restructuring Reserve, Ending Balance		20		20
Restructuring and Related Cost, Cost Incurred to Date		77		77
Asset Related Charges [Member] | 2021 Restructuring Actions [Domain]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	[1]			0
Restructuring and Asset related charges, net		0	7	(1)	[1]	29
Payments for Restructuring	[1]			0
Asset write-offs and adjustments	[1]			1
Restructuring Reserve, Ending Balance	[1]	0		0
Restructuring and Related Cost, Cost Incurred to Date		44		44
Asset Retirement Obligation Costs [Member] | 2021 Restructuring Actions [Domain]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date		6		6
Contract Termination | 2021 Restructuring Actions [Domain]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance				12
Restructuring and Asset related charges, net		0	1	(3)		40
Payments for Restructuring				(8)
Asset write-offs and adjustments				0
Restructuring Reserve, Ending Balance		1		1
Restructuring and Related Cost, Cost Incurred to Date		39		39
Seed [Member] | 2021 Restructuring Actions [Domain]
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net		1	4	(1)		21
Crop Protection [Member] | 2021 Restructuring Actions [Domain]
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net		(1)	4	(3)		41
Corporate Segment | 2021 Restructuring Actions [Domain]
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net		$ 0	$ 9	$ 3		$ 65

[1] In addition, the company has a liability recorded for asset retirement obligations of $3 million as of September 30, 2022.

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Restructuring and Asset Related Charges Execute to Win Productivity Program (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring and Asset related charges, net	$ 152	$ 26	$ 300	$ 261

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Restructuring and Asset Related Charges Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Asset Related [Member]
Restructuring Cost and Reserve [Line Items]
Accelerated Prepaid Royalty Amortization Expense	$ 5	$ 5	$ 104	$ 124

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Related Party Transactions Dow Intercompany Transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Corteva [Member] | EID [Member]
Related Party Transaction [Line Items]
Interest Expense, Related Party	$ 14	$ 11	$ 33	$ 39

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Supplementary Information Other Income (Expense) - Net (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income		$ 36	$ 19	$ 75	$ 58
Equity in earnings (losses) of affiliates - net		(1)	(1)	13	4
Net gain (loss) on sales of businesses and other assets		16	1	17	2
Net exchange gains (losses)	[1]	(13)	2	(96)	(47)
Non-operating pension and other post employment benefit credit	[2]	22	326	170	979
Miscellaneous expenses - net	[3]	(37)	31	(90)	17
Other income - net		23	378	89	1,013
Hedging Program [Member]
Net exchange gains (losses)		67	34	24	0
Hedging Program [Member] | Argentine Peso Devaluation [Member]
Net exchange gains (losses)		(32)	(16)	(65)	(53)
Subsidiary Monetary Position
Net exchange gains (losses)		(80)	(32)	(120)	(47)
Segment Reconciling Items [Member]
Interest income		(36)	(19)	(75)	(58)
Net exchange gains (losses)		13	(2)	96	47
Non-operating pension and other post employment benefit credit		$ (9)	$ (315)	(134)	$ (941)
Gain (Loss) on Disposition of Assets	[4]			(5)
Segment Reconciling Items [Member] | Seed [Member]
Gain (Loss) on Disposition of Assets				$ (5)

[1] Includes net pre-tax exchange gains (losses) of $(32) million and $(65) million associated with the devaluation of the Argentine peso for the three and nine months ended September 30, 2022, respectively, and $(16) million and $(53) million for the three and nine months ended September 30, 2021, respectively.

[2] 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 settlement gain (loss)).

[3] Miscellaneous income (expenses) - net for the three and nine months ended September 30, 2022 and 2021 includes losses on 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. Miscellaneous income (expenses) - net for the three and nine months ended September 30, 2022 also includes estimated settlement reserves, settlement cost associated with the Russia Exit and an Employee Retention Credit, and the nine months ended September 30, 2022 also includes charges associated with the exit of a non-strategic asset. Additionally, the three and nine months ended September 30, 2021 includes a gain from remeasurement of an equity investment and the nine months ended September 30, 2021 includes realized losses on sale of available-for-sale securities.

[4] Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.

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Supplementary Information Foreign Currency Exchange Gain (Loss) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Foreign Currency Exchange Gain (Loss) [Line Items]
Pre-tax exchange (losses) gains - net	[1]	$ (13)	$ 2	$ (96)	$ (47)
Foreign Currency Transaction (Loss) Gain Tax (Expense) Benefit		(55)	(5)	(66)	(11)
Foreign Currency Transaction (Loss) Gain After Tax		(68)	(3)	(162)	(58)
Subsidiary Monetary Position
Foreign Currency Exchange Gain (Loss) [Line Items]
Pre-tax exchange (losses) gains - net		(80)	(32)	(120)	(47)
Foreign Currency Transaction (Loss) Gain Tax (Expense) Benefit		(40)	3	(61)	(11)
Foreign Currency Transaction (Loss) Gain After Tax		(120)	(29)	(181)	(58)
Hedging Program [Member]
Foreign Currency Exchange Gain (Loss) [Line Items]
Pre-tax exchange (losses) gains - net		67	34	24	0
Foreign Currency Transaction (Loss) Gain Tax (Expense) Benefit		(15)	(8)	(5)	0
Foreign Currency Transaction (Loss) Gain After Tax		$ 52	$ 26	$ 19	$ 0

[1] Includes net pre-tax exchange gains (losses) of $(32) million and $(65) million associated with the devaluation of the Argentine peso for the three and nine months ended September 30, 2022, respectively, and $(16) million and $(53) million for the three and nine months ended September 30, 2021, respectively.

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Supplementary Information Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Sep. 30, 2022		Dec. 31, 2021	Sep. 30, 2021		Dec. 31, 2020
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and cash equivalents	$ 2,199		$ 4,459	$ 2,779
Total Cash, Cash Equivalents and Restricted Cash Equivalents	2,619	[1]	4,836	3,140	[1]	$ 3,873
Other Current Assets [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash Equivalents	$ 420		$ 377	$ 361

[1] See page 16 for reconciliation of cash and cash equivalents and restricted cash equivalents presented in interim Consolidated Balance Sheets to total cash, cash equivalents and restricted cash equivalents presented in the interim Consolidated Statements of Cash Flows.

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Income Taxes Income Tax Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Net tax benefits	$ 55	$ 32	$ 39	$ 58
Net Tax Charges	$ 9
Tax Benefit associated with U.S. Research and Development Tax Credits				$ 22

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Earnings Per Share Net Income for Earnings Per Share Calculations - Basic and Diluted (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Income (loss) from continuing operations after income taxes	$ (322)	$ 36	$ 1,257	$ 1,667
Net income (loss) Attributable to Noncontrolling Interest, Continuing Operations	3	2	9	8
Net income (loss) from Continuing Operations Available to Common Shareholders	(325)	34	1,248	1,659
Income (loss) from discontinued operations after income taxes	(6)	(4)	(46)	(59)
Net income (loss) Available to Common Stockholders	$ (331)	$ 30	$ 1,202	$ 1,600

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Earnings Per Share Earnings Per Share Calculations - Basic (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Basic earnings (loss) per share of common stock from continuing operations	$ (0.45)	$ 0.05	$ 1.73	$ 2.25
Basic earnings (loss) per share of common stock from discontinued operations	$ (0.01)	$ (0.01)	$ (0.06)	$ (0.08)
Basic earnings (loss) per share of common stock	$ (0.46)	$ 0.04	$ 1.67	$ 2.17

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Earnings Per Share Earnings Per Share Calculations - Diluted (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Diluted earnings (loss) per share of common stock from continuing operations	$ (0.45)	$ 0.05	$ 1.72	$ 2.23
Diluted earnings (loss) per share of common stock from discontinued operations	$ (0.01)	$ (0.01)	$ (0.06)	$ (0.08)
Diluted earnings (loss) per share of common stock	$ (0.46)	$ 0.04	$ 1.66	$ 2.15

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Earnings Per Share Share Count Information (Details) - shares		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Earnings Per Share [Line Items]
Weighted Average Common Shares - basic		718,700,000	733,800,000	722,800,000	738,100,000
Dilutive effect of equity compensation plans	[1]	0	5,700,000	3,600,000	5,900,000
Weighted Average Common Shares - diluted		718,700,000	739,500,000	726,400,000	744,000,000.0
Potential shares of common stock excluded from EPS calculations	[2]	6,100,000	3,000,000.0	2,200,000	3,100,000
Common Stock, Shares Authorized		1,666,667,000	1,666,667,000	1,666,667,000	1,666,667,000	1,666,667,000

[1] Diluted earnings (loss) per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect.

[2] These outstanding potential shares of common stock relating to stock options, restricted stock units and performance-based restricted stock units were excluded from the calculation of diluted earnings (loss) per share because (i) the effect of including them would have been anti-dilutive; and (ii) the performance metrics have not yet been achieved for the outstanding potential shares relating to performance-based restricted stock units, which are deemed to be contingently issuable.

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Accounts and Notes Receivable (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable - trade	[1]	$ 3,642	$ 3,336	$ 3,642	$ 3,336	$ 3,441
Notes receivable - trade	[1],[2]	1,233	1,408	1,233	1,408	120
Other	[3]	1,398	1,074	1,398	1,074	1,250
Accounts and notes receivable - net		6,273	5,818	6,273	5,818	4,811
Accounts Receivable, Allowance for Credit Loss, Current		213	210	213	210	210	$ 208
Due from Affiliates		132	84	132	84	104
Factoring Agreement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade Receivables Sold		35	70	130	257
Trade receivables sold the remain outstanding with an element of recourse		47	173	47	173	$ 166
Loss on Sale of Accounts Receivable		$ 6	$ 11	$ 19	$ 54

[1] Accounts receivable – trade and notes receivable - trade are net of allowances of $213 million at September 30, 2022, and $210 million at December 31, 2021, and September 30, 2021. Allowances are equal to the estimated uncollectible amounts and are based on the expected credit losses and were developed using a loss-rate method.

[2] Notes receivable – trade primarily consists of receivables for deferred payment loan programs for the sale of seed and chemical products to customers. These loans have terms of one year or less and are primarily concentrated in North America. The company maintains a rigid approval process for extending credit to customers in order to manage overall risk and exposure associated with credit losses. As of September 30, 2022, December 31, 2021, and September 30, 2021 there were no significant impairments related to current loan agreements.

[3] Other includes receivables in relation to indemnification assets, value added tax, general sales tax and other taxes. No individual group represents more than 10 percent of total receivables. In addition, Other includes amounts due from nonconsolidated affiliates of $132 million, $104 million, and $84 million as of September 30, 2022, December 31, 2021, and September 30, 2021, respectively.

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Accounts and Notes Receivable Allowance Rollforward (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Receivables [Abstract]
Accounts Receivable, Allowance for Credit Loss, Beginning Balance	$ 210	$ 208
Net Benefit for Credit Losses	4	(7)
Write-offs charged against allowance/ other	(1)	9
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 213	$ 210

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Inventories Schedule of Inventory (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Inventory [Line Items]
Finished Products	$ 2,082	$ 2,497	$ 1,871
Semi-finished Products	2,557	2,076	2,028
Raw Materials and Supplies	776	607	518
Total inventories	$ 5,415	$ 5,180	$ 4,417

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Property, Plant and Equipment Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 8,444	$ 8,364	$ 8,270
Accumulated Depreciation	$ (4,259)	$ (4,035)	$ (3,960)

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Other Intangible Assets Other Intangible Assets (Details) - USD ($) $ in Millions		3 Months Ended
		Sep. 30, 2021	Sep. 30, 2022	Dec. 31, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		$ 12,600	$ 12,516	$ 12,595
Finite-Lived Intangible Assets, Accumulated Amortization		(2,385)	(3,065)	(2,561)
Finite-Lived Intangible Assets, Net		10,215	9,451	10,034
Indefinite-lived Intangible Assets (Excluding Goodwill)		10	10	10
Intangible Assets, Gross (Excluding Goodwill)		12,610	12,526	12,605
Total other intangible assets		10,225	9,461	10,044
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		54
Impairment of Intangible Assets Indefinite lived Excluding Goodwill After Tax		41
In Process Research and Development [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)		10	10	10
Germplasm [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		6,265	6,265	6,265
Finite-Lived Intangible Assets, Accumulated Amortization		(507)	(762)	(571)
Finite-Lived Intangible Assets, Net		5,758	5,503	5,694
Customer-Related Intangible Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		1,956	1,890	1,953
Finite-Lived Intangible Assets, Accumulated Amortization		(460)	(550)	(487)
Finite-Lived Intangible Assets, Net		1,496	1,340	1,466
Developed Technology Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		1,485	1,485	1,485
Finite-Lived Intangible Assets, Accumulated Amortization		(641)	(790)	(679)
Finite-Lived Intangible Assets, Net		844	695	806
Trademarks and Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		2,012	2,006	2,012
Finite-Lived Intangible Assets, Accumulated Amortization		(152)	(231)	(172)
Finite-Lived Intangible Assets, Net		1,860	1,775	1,840
Favorable Supply Contract [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		475	475	475
Finite-Lived Intangible Assets, Accumulated Amortization		(373)	(467)	(396)
Finite-Lived Intangible Assets, Net		102	8	79
Other Intangible Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	[1]	407	395	405
Finite-Lived Intangible Assets, Accumulated Amortization	[1]	(252)	(265)	(256)
Finite-Lived Intangible Assets, Net	[1]	$ 155	$ 130	$ 149

[1] Primarily consists of sales and farmer networks, marketing and manufacturing alliances and noncompetition agreements.

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Other Intangible Assets Future Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 178	$ 180	$ 536	$ 543
Continuing Operations [Member]
Finite-Lived Intangible Assets [Line Items]
Pre-tax amortization expense, remainder of 2021	164		164
Pre-tax amortization expense, 2022	616		616
Pre-tax amortization expense, 2023	602		602
Pre-tax amortization expense, 2024	565		565
Pre-tax amortization expense, 2025	554		554
Pre-tax amortization expense, 2026	$ 494		$ 494

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Short-Term Borrowings, Long-Term Debt and Available Credit Facilities Short-term borrowings and finance lease obligations (Details) - USD ($) $ in Millions	Sep. 30, 2022	Feb. 08, 2022	Dec. 31, 2021	Sep. 30, 2021
Short-term Debt [Line Items]
Long-term Debt Payable within one year	$ 0		$ 1	$ 1
Finance Lease, Liability, Current	1		1	1
Short-term borrowings and finance lease obligations	1,576		17	1,372
Commercial Paper [Member]
Short-term Debt [Line Items]
Short-term borrowings	1,369		0	802
Securities Sold under Agreements to Repurchase [Member]
Short-term Debt [Line Items]
Short-term borrowings		$ 500
Other loans - various currencies [Member]
Short-term Debt [Line Items]
Short-term borrowings	6		15	18
Repurchase Agreements [Member] | Securities Sold under Agreements to Repurchase [Member]
Short-term Debt [Line Items]
Short-term borrowings	$ 200		$ 0	$ 550

XML

Short-Term Borrowings, Long-Term Debt and Available Credit Facilities Long-term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2022	May 01, 2022	Dec. 31, 2021	Sep. 30, 2021
Debt Instrument [Line Items]
Long-term Debt Payable within one year	$ 0		$ 1	$ 1
Long-term Debt and Lease Obligation	1,277		1,100	1,101
Finance Lease, Liability, Noncurrent	2		3	3
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	8		10	10
Line of Credit Facility, Maximum Borrowing Capacity	5,500
Line of Credit Facility, Remaining Borrowing Capacity	5,500
Foreign Currency Loans
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	85
Revolving Credit Facilities due 2027
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	3,000	$ 3,000
Line of Credit Facility, Remaining Borrowing Capacity	3,000
Revolving Credit Facilities due 2025 [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	2,000	2,000
Line of Credit Facility, Remaining Borrowing Capacity	2,000
364-day Revolving Credit Facilities due 2023
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	500	$ 500
Line of Credit Facility, Remaining Borrowing Capacity	500
Medium-term Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 107		$ 107	$ 108
Long-term Debt, Weighted Average Interest Rate, at Point in Time	2.87%		0.00%	0.00%
Loans Payable [Member] | Notes Maturing 2025 [Domain]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 500		$ 500	$ 500
Long-term Debt, Weighted Average Interest Rate, at Point in Time	1.70%		1.70%	1.70%
Loans Payable [Member] | Notes Maturing 2030 [Domain]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 500		$ 500	$ 500
Long-term Debt, Weighted Average Interest Rate, at Point in Time	2.30%		2.30%	2.30%
Loans Payable [Member] | Foreign Currency Loans
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 176		$ 1	$ 1
Foreign Currency Loans
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate, at Point in Time	14.80%		6.82%	6.38%
Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value	$ 1,154		$ 1,121	$ 1,134

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Short-Term Borrowings, Long-Term Debt and Available Credit Facilities Repurchase Facility and Revolving Credit Facilities (Details) $ in Millions	9 Months Ended		12 Months Ended	37 Months Ended	61 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	May 01, 2023	May 30, 2025	May 31, 2027	May 01, 2022 USD ($)	Feb. 08, 2022 USD ($)	Dec. 31, 2021 USD ($)
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	$ 5,500
Line of Credit Facility, Maximum Borrowing Capacity	5,500
Proceeds from debt	1,335	$ 419
Repayments of Long-term Debt	355	1
Foreign Currency Loans
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	85
Revolving Credit Facilities due 2022
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity						$ 3,000
Debt Instrument, Term				3 years
Revolving Credit Facilities due 2024 [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term					5 years
Revolving Credit Facilities due 2025 [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	2,000
Line of Credit Facility, Maximum Borrowing Capacity	2,000					2,000
Debt Instrument, Term				3 years
Revolving Credit Facilities due 2025 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Adjusted Term SOFR				0.10%
Revolving Credit Facilities due 2027
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	3,000
Line of Credit Facility, Maximum Borrowing Capacity	3,000					$ 3,000
Debt Instrument, Term					5 years
Revolving Credit Facility
Line of Credit Facility [Line Items]
Ratio of Indebtedness to Net Capital						0.60
364-day Revolving Credit Facilities due 2023
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	500
Line of Credit Facility, Maximum Borrowing Capacity	500					$ 500
Debt Instrument, Term			364 days
Ratio of Indebtedness to Net Capital						0.60
364-day Revolving Credit Facilities due 2023 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Adjusted Term SOFR			0.10%
Securities Sold under Agreements to Repurchase [Member]
Line of Credit Facility [Line Items]
Short-term borrowings							$ 500
Percentage of outstanding amounts borrowed utilized as collateral							105.00%
Securities Sold under Agreements to Repurchase [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Adjusted Term SOFR				0.10%
Securities Sold under Agreements to Repurchase [Member] | Repurchase Agreements [Member]
Line of Credit Facility [Line Items]
Short-term borrowings	$ 200	$ 550						$ 0

XML

Commitments and Contingent Liabilities Guarantee Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Guarantor Obligations [Line Items]
Guarantee Obligations	$ 79	$ 105	$ 107
Factoring Agreement [Member]
Guarantor Obligations [Line Items]
Guarantee Obligations	19	21	22
Agreements with lenders to provide financing for select customers [Member]
Guarantor Obligations [Line Items]
Accounts Receivable, after Allowance for Credit Loss	$ 560	$ 15	$ 615

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Commitments and Contingent Liabilities Chemours (Details) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Jun. 30, 2019 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Mar. 31, 2030 USD ($)	Dec. 31, 2028 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2018 lawsuits
Performance Chemicals
Loss Contingencies [Line Items]
Income (loss) from discontinued operations before income taxes	$ 5.0	$ 8.0		$ 32.0	$ 45.0
PFAS [Member]
Loss Contingencies [Line Items]
Escrow Account Balance							$ 700.0
PFAS [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Cost Sharing Arrangement Term				20 years
Qualified Spend and Escrow Account Contribution Threshold	4,000.0			$ 4,000.0
Corteva and DuPont stray liability threshold for PFAS	300.0			300.0
PFOA Matters: Multi-District Litigation [Member]
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded to Other Party			$ 670.7
Lawsuits alleging personal injury filed | lawsuits									3,550
DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Amount credited to each company's threshold	$ 150.0			$ 150.0
Chemours [Member] | PFAS [Member]
Loss Contingencies [Line Items]
Annual Escrow Deposit								$ 100.0
Annual Escrow Deposit, remainder of period						$ 50.0
Chemours [Member] | PFAS [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Total Escrow Deposit Amount						500.0
Corteva [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage	29.00%			29.00%
Corteva [Member] | PFAS [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage for PFAS	50.00%			50.00%
Corteva [Member] | DuPont de Nemours [Member] | PFAS [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage for PFAS	50.00%			50.00%
Annual Escrow Deposit								$ 100.0
Annual Escrow Deposit, remainder of period						50.0
Escrow Account Deposit Percentage	50.00%			50.00%
Corteva [Member] | DuPont de Nemours [Member] | PFAS [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Qualified Spend and Escrow Account Contribution Threshold	$ 2,000.0			$ 2,000.0
Total Escrow Deposit Amount						$ 500.0
DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage	71.00%			71.00%
DuPont de Nemours [Member] | PFAS [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage for PFAS	50.00%			50.00%
DuPont de Nemours [Member] | DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Corteva and DuPont stray liability threshold for PFAS	$ 200.0			$ 200.0

XML

Commitments and Contingent Liabilities DuPont (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Accounts and Notes Receivable [Member]
Loss Contingencies [Line Items]
Indemnification Assets	$ 33,000,000	$ 25,000,000	$ 25,000,000
Other Assets [Member]
Loss Contingencies [Line Items]
Indemnification Assets	91,000,000	75,000,000	70,000,000
Accrued and Other Current Liabilities [Member]
Loss Contingencies [Line Items]
Indemnified Liabilities	24,000,000	20,000,000	54,000,000
Other noncurrent obligations
Loss Contingencies [Line Items]
Indemnified Liabilities	122,000,000	$ 117,000,000	$ 90,000,000
PFAS [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Corteva and DuPont stray liability threshold for PFAS	1
PFAS [Member] | Minimum [Member] | Once $300 million threshold is met [Member]
Loss Contingencies [Line Items]
De minimis threshold	1,000,000
PFAS [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Corteva and DuPont stray liability threshold for PFAS	300,000,000
DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Amount credited to each company's threshold	150,000,000
Litigation Settlement [Abstract]
Escrow Balance	$ 125,000,000
Corteva [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage	29.00%
Corteva [Member] | PFAS [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage for PFAS	50.00%
Corteva [Member] | DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Stray liability threshold	$ 200,000,000
Corteva [Member] | DuPont de Nemours [Member] | PFAS [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage for PFAS	50.00%
DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage	71.00%
DuPont de Nemours [Member] | PFAS [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage for PFAS	50.00%
DuPont de Nemours [Member] | DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Stray liability threshold	$ 200,000,000
Corteva and DuPont stray liability threshold for PFAS	$ 200,000,000

XML

Commitments and Contingent Liabilities PFOA / Leach Settlement (Details)	3 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2019 USD ($)	Sep. 30, 2022 USD ($) lawsuits	Dec. 31, 2004 USD ($)	Dec. 31, 2018 lawsuits	Jan. 01, 2012
MDL Settlement [Domain]
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded to Other Party		$ 83,000,000
DuPont de Nemours and Corteva Contribution to MDL Settlement
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded to Other Party		27,000,000
Payments for Legal Settlements		27,000,000
PFAS [Member] | Chemours [Member]
Loss Contingencies [Line Items]
Chemours Contribution to MDL Settlement		0.50
PFOA Matters: Drinking Water Actions [Member]
Loss Contingencies [Line Items]
Binding Settlement Agreement Class Size			80,000
Loss Contingency, Number Of Water Districts Receiving Water Treatment					6
Litigation Settlement, Liability For Medical Monitoring Program, Threshold			$ 235,000,000
Litigation Settlement, Medical Monitoring Program, Escrow Account, Disbursements To Date		2,000,000
Escrow Balance		$ 1,000,000
PFOA Matters: Drinking Water Actions [Member] | WEST VIRGINIA AND OHIO [Domain] | Settled Litigation
Loss Contingencies [Line Items]
Loss Contingency, Claims Settled, Number | lawsuits		95,000,000
PFOA Matters: Drinking Water Actions [Member] | WEST VIRGINIA AND OHIO [Domain] | Compensatory damages [Member]
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded to Other Party		$ 40,000,000
PFOA Matters: Drinking Water Actions [Member] | WEST VIRGINIA AND OHIO [Domain] | Loss of consortium [Member]
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded to Other Party		$ 10,000,000
PFOA Matters: Multi-District Litigation [Member]
Loss Contingencies [Line Items]
Disease Categories for MDL		6
Lawsuits alleging personal injury filed | lawsuits				3,550
Litigation Settlement, Amount Awarded to Other Party	$ 670,700,000

XML

Commitments and Contingent Liabilities Other PFOA Matters / Fayetteville (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) lawsuits
Loss Contingencies [Line Items]
Loss Contingency, Number of Defendants | lawsuits		30
DELAWARE
Loss Contingencies [Line Items]
Income (loss) from discontinued operations before income taxes	$ 11.0
Firefighting Foam [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number | lawsuits		3,100
Personal injury cases [Member] | Firefighting Foam [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number		2,800
Municipal water districts | Firefighting Foam [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number		230
Chemours Contribution to MDL Settlement
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded to Other Party		$ 29.0
NEW YORK | PFOA Matters: Drinking Water Actions [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number		45
NEW JERSEY | PFOA Matters: Drinking Water Actions [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number | lawsuits		2
NEW JERSEY | Natural Resources Damages [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number		4
OHIO | PFOA Matters: Drinking Water Actions [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number | lawsuits		3
NORTH CAROLINA | PFOA Matters: Drinking Water Actions [Member]
Loss Contingencies [Line Items]
Loss Contingency, Number of Property Owners		100
Loss Contingency, Number of Additional Plaintiffs		100
DELAWARE | Natural Resources Damages [Member] | Corteva [Member] | DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Threshold for payments to fund the NRST Trust		$ 50.0
Supplemental payment threshold		$ 25.0
Period for supplemental payment		8 years
Corteva and DuPont Share of NRST Trust Payment		$ 12.5
DELAWARE | Natural Resources Damages [Member] | Chemours [Member]
Loss Contingencies [Line Items]
Chemours share of payment to NRST Trust		$ 25.0
Chemours share of payment to NRST Trust, percentage		50.00%
NETHERLANDS | PFOA Matters: Drinking Water Actions [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number | lawsuits		4
Alabama Water Utility [Member] | Natural Resources Damages [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number		1

XML

Commitments and Contingent Liabilities Environmental (Details) - USD ($) $ in Millions		Sep. 30, 2022	Jan. 28, 2022
Loss Contingencies [Line Items]
Indemnification Asset		$ 245
Accrual for Environmental Loss Contingencies	[1]	483
Accrual for Environmental Loss Contingencies, Potential Exposure in Excess of Accrual	[1]	596
Non-PFAS
Loss Contingencies [Line Items]
Request for Remediation Funding Source ("RFS")			$ 900
Chemours related obligation subject to indemnification [Member]
Loss Contingencies [Line Items]
Indemnification Asset	[2],[3]	155
Accrual for Environmental Loss Contingencies	[1],[2],[3]	155
Accrual for Environmental Loss Contingencies, Potential Exposure in Excess of Accrual	[1],[2],[3]	266
Discontinued Operations [Member]
Loss Contingencies [Line Items]
Indemnification Asset	[2]	24
Other discontinued or divested business obligations [Member]
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies	[1],[2]	77
Accrual for Environmental Loss Contingencies, Potential Exposure in Excess of Accrual	[1],[2]	185
Environmental remediation liabilities primarily related to DuPont - subject to indemnity from DuPont [Member]
Loss Contingencies [Line Items]
Indemnification Asset	[3]	45
Accrual for Environmental Loss Contingencies	[1],[3]	46
Accrual for Environmental Loss Contingencies, Potential Exposure in Excess of Accrual	[1],[3]	62
Not subject to indemnification [Member]
Loss Contingencies [Line Items]
Indemnification Asset		0
Accrual for Environmental Loss Contingencies	[1]	80
Accrual for Environmental Loss Contingencies, Potential Exposure in Excess of Accrual	[1]	54
Indemnification liabilities related to the MOU
Loss Contingencies [Line Items]
Indemnification Asset	[4]	21
Accrual for Environmental Loss Contingencies	[1],[4]	125
Accrual for Environmental Loss Contingencies, Potential Exposure in Excess of Accrual	[1],[2],[4]	29
DuPont de Nemours [Member] | DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Stray liability threshold		200
Superfund Sites [Member]
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies		67
Superfund Sites [Member] | Chemours [Member] | Indemnification Agreement [Member]
Loss Contingencies [Line Items]
Indemnification Asset		$ 36

[1] Accrual balance represents management’s best estimate of the costs of remediation and restoration, although it is reasonably possible that the potential exposure, as indicated, could range above the amounts accrued, as there are inherent uncertainties in these estimates. Accrual balances includes $67 million for remediation of Superfund sites. Amounts do not include possible impacts from the remediation elements of the EPA's October 2021 PFAS Strategic Roadmap (as applicable), except as disclosed on page 28 relating to Chemours' remediation activities at the Fayetteville Works Facility pursuant to the Consent Order with the NC DEQ.4.Represents liabilities that are subject to the $150 million threshold and sharing agreements as discussed on page 23, under the header "Chemours / Performance Chemicals."

[2] Represents liabilities that are subject to the $200 million threshold and sharing arrangements as discussed on page 24, under the header "Corteva Separation Agreement."

[3] The company has recorded an indemnification asset related to these accruals, including $36 million related to the Superfund sites.

[4] Represents liabilities that are subject to the $150 million threshold and sharing agreements as discussed on page 23, under the header "Chemours / Performance Chemicals."

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Stockholders' Equity Common Stock (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Oct. 28, 2022	Sep. 13, 2022	Dec. 31, 2021	Aug. 05, 2021	Jun. 26, 2019
Class of Stock [Line Items]
Common Stock, Par Value	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01		$ 0.01
Repurchase of Common Stock			$ 800	$ 750
2019 Share Buyback Plan
Class of Stock [Line Items]
Stock Repurchased and Retired During Period, Shares		3,408		15,378
Stock Repurchase Program, Authorized Amount									$ 1,000
Repurchase of Common Stock		$ 150		$ 700
2021 Stock Repurchase Program
Class of Stock [Line Items]
Stock Repurchased and Retired During Period, Shares	3,414		14,284
Stock Repurchase Program, Authorized Amount								$ 1,500
Repurchase of Common Stock	$ 200		$ 800
2022 Stock Repurchase Program
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount						$ 2,000
Corteva [Member]
Class of Stock [Line Items]
Common Stock, Par Value	$ 0.01		$ 0.01						$ 0.01

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Stockholders' Equity Preferred Stock (Details) - EID [Member] - USD ($)	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
$4.50 Series Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	23,000,000	23,000,000	23,000,000
Preferred Stock, Shares Issued	1,673,000	1,673,000	1,673,000
Preferred Stock, Redemption Amount	$ 120	$ 120	$ 120
$3.50 Series Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	23,000,000	23,000,000	23,000,000
Preferred Stock, Shares Issued	700,000	700,000	700,000
Preferred Stock, Redemption Amount	$ 102	$ 102	$ 102
Corteva [Member]
Class of Stock [Line Items]
Ownership interest in an entity	100.00%

XML

Stockholders' Equity Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions		3 Months Ended								9 Months Ended
		Sep. 30, 2022		Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021		Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance					$ (2,898)					$ (2,898)
Beginning Balance		$ 26,071		$ 25,936	25,623	$ 25,625		$ 24,778	$ 25,063	25,623	$ 25,063
Amounts Reclassified from Accumulated Other Comprehensive Loss		48				(141)				(28)	(444)
Other comprehensive (loss) income		(369)		(402)	77	(400)		122	(477)	(694)	(755)
Ending Balance		25,084		26,071	25,936	24,979		25,625	24,778	25,084	24,979
Ending Balance		(3,592)				(3,645)				(3,592)	(3,645)
Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance					(396)				(1,433)	(396)	(1,433)
Other Comprehensive (Loss) Income, before Reclassifications, Net of Tax										107	(6)
Amounts Reclassified from Accumulated Other Comprehensive Loss										21	32
Other comprehensive (loss) income										128	26
Ending Balance		(268)				(1,407)				(268)	(1,407)
Other Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance					(31)				590	(31)	590
Other Comprehensive (Loss) Income, before Reclassifications, Net of Tax										3	1
Amounts Reclassified from Accumulated Other Comprehensive Loss										1	(475)
Other comprehensive (loss) income										4	(474)
Ending Balance		(27)				116				(27)	116
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance					(2,543)				(1,970)	(2,543)	(1,970)
Other Comprehensive (Loss) Income, before Reclassifications, Net of Tax	[1]									(868)	(424)
Amounts Reclassified from Accumulated Other Comprehensive Loss										0	0
Other comprehensive (loss) income										(868)	(424)
Ending Balance		(3,411)				(2,394)				(3,411)	(2,394)
Derivative Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance					72				(67)	72	(67)
Other Comprehensive (Loss) Income, before Reclassifications, Net of Tax										92	115
Amounts Reclassified from Accumulated Other Comprehensive Loss		28				5				(50)	(8)
Other comprehensive (loss) income										42	107
Ending Balance		114				40				114	40
Unrealized Gain (loss) on Investments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance					0				(10)	0	(10)
Other Comprehensive (Loss) Income, before Reclassifications, Net of Tax										0	3
Amounts Reclassified from Accumulated Other Comprehensive Loss		0	[2]			0	[2]			0	7
Other comprehensive (loss) income										0	10
Ending Balance		0				0				0	0
Total
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance					(2,898)				(2,890)	(2,898)	(2,890)
Beginning Balance		(3,223)		(2,821)	(2,898)	(3,245)		(3,367)	(2,890)	(2,898)	(2,890)
Other Comprehensive (Loss) Income, before Reclassifications, Net of Tax										(666)	(311)
Amounts Reclassified from Accumulated Other Comprehensive Loss										(28)	(444)
Other comprehensive (loss) income		(369)		(402)	77	(400)		122	(477)	(694)	(755)
Ending Balance		(3,592)		$ (3,223)	$ (2,821)	(3,645)		$ (3,245)	$ (3,367)	(3,592)	(3,645)
Ending Balance		$ (3,592)				$ (3,645)				$ (3,592)	$ (3,645)

[1] The cumulative translation adjustment gain for the nine months ended September 30, 2022 was primarily driven by strengthening of the USD against the European Euro ("EUR"), Swiss Franc ("CHF"), Indian Rupee ("INR") and South African Rand ("ZAR"). The cumulative translation adjustment loss for the nine months ended September 30, 2021 was primarily driven by strengthening of the USD against the European Euro ("EUR"), Swiss Franc ("CHF") and Brazilian Real ("BRL").

[2] Reflected in other income - net in the interim Consolidated Statements of Operations.

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Stockholders' Equity Tax Benefit (Expense) on Net Activity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Tax Benefit (Expense)	$ (43)	$ 36	$ (45)	$ 103
Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Tax Benefit (Expense)	(30)	(3)	(35)	(8)
Other Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Tax Benefit (Expense)	0	51	3	148
Derivative Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Tax Benefit (Expense)	$ (13)	$ (12)	$ (13)	$ (37)

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Stockholders' Equity Reclassifications out of AOCI (Details) - USD ($) $ in Millions		3 Months Ended				9 Months Ended
		Sep. 30, 2022		Sep. 30, 2021		Sep. 30, 2022	Sep. 30, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from Accumulated Other Comprehensive Loss		$ 48		$ (141)		$ (28)	$ (444)
Other Benefit Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of Prior Service Benefit		0	[1],[2]	(231)	[1],[2]	(1)	(692)
Pension Plan
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from Accumulated Other Comprehensive Loss						21	32
Other Benefit Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from Accumulated Other Comprehensive Loss						1	(475)
Derivative Instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification from Accumulated Other Comprehensive Income (Loss), Current Period, before Tax		33	[3]	6	[3]	(68)	(9)
Reclassification from Accumulated Other Comprehensive Loss, Current Period, Tax		(5)	[4]	(1)	[4]	18	1
Amounts Reclassified from Accumulated Other Comprehensive Loss		28		5		(50)	(8)
Actuarial (Gains) Losses | Pension Plan
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification from Accumulated Other Comprehensive Income (Loss), Current Period, before Tax		0	[1],[2]	14	[1],[2]	2	41
Actuarial (Gains) Losses | Other Benefit Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification from Accumulated Other Comprehensive Income (Loss), Current Period, before Tax		1	[1],[2]	23	[1],[2]	2	70
Settlement Loss | Pension Plan
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification from Accumulated Other Comprehensive Income (Loss), Current Period, before Tax		25	[1],[2]	0	[1],[2]	27	1
Accumulated Defined Benefit Plans Adjustment Attributable to Parent | Pension Plan
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification from Accumulated Other Comprehensive Income (Loss), Current Period, before Tax		25		14		27	41
Reclassification from Accumulated Other Comprehensive Loss, Current Period, Tax		(6)	[4]	(3)	[4]	(6)	(9)
Amounts Reclassified from Accumulated Other Comprehensive Loss		19		11		21	32
Accumulated Defined Benefit Plans Adjustment Attributable to Parent | Other Benefit Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification from Accumulated Other Comprehensive Income (Loss), Current Period, before Tax		1		(208)		1	(623)
Reclassification from Accumulated Other Comprehensive Loss, Current Period, Tax		0	[4]	51	[4]	0	148
Amounts Reclassified from Accumulated Other Comprehensive Loss		1		(157)		1	(475)
Unrealized loss on investments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification from Accumulated Other Comprehensive Loss, Current Period, Tax		0	[4]	0	[4]	0	0
Amounts Reclassified from Accumulated Other Comprehensive Loss		0	[1]	0	[1]	0	7
Prior Service Benefit | Pension Plan
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification from Accumulated Other Comprehensive Income (Loss), Current Period, before Tax	[1],[2]	0		0		(2)	(1)
Accumulated Defined Benefit Plans Adjustment, Curtailment Gain (Loss) | Other Benefit Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification from Accumulated Other Comprehensive Income (Loss), Current Period, before Tax		$ 0		$ 0		$ 0	$ (1)

[1] Reflected in other income - net in the interim Consolidated Statements of Operations.

[2] These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit credit of the company's pension and other benefit plans. See Note 14 - Pension Plans and Other Post Employment Benefits, for additional information.

[3] Reflected in cost of goods sold in the interim Consolidated Statements of Operations.

[4] Reflected in provision for (benefit from) income taxes from continuing operations in the interim Consolidated Statements of Operations.

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Pension Plans and Other Post Employment Benefit Plans Components of net periodic benefit cost (credit) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service Cost	$ 5	$ 7	$ 14	$ 19
Interest Cost	126	91	343	273
Expected return on plan assets	(180)	(228)	(560)	(686)
Amortization of unrecognized loss (gain)	0	14	2	41
Amortization of Prior Service Benefit	0	0	(2)	(1)
Settlement Loss (Gain)	25	0	27	1
Defined Benefit Plan, Net Periodic Benefit (Credit) Cost	(24)	(116)	(176)	(353)
Other Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service Cost	0	1	1	1
Interest Cost	6	5	19	16
Amortization of unrecognized loss (gain)	1	23	2	70
Amortization of Prior Service Benefit	0	(231)	(1)	(692)
Curtailment (gain) loss	0	0	0	(1)
Defined Benefit Plan, Net Periodic Benefit (Credit) Cost	$ 7	$ (202)	$ 21	$ (606)

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Pension Plans and Other Post Employment Benefit Plans- Annuity (Details) - Pension Plan - USD ($) $ in Millions		3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Assets Transferred to (from) Plan	$ 1,100
Settlement Gain (Loss)		$ 25	$ 0	$ 27	$ 1
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate				4.60%		2.82%
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)		$ 110

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Financial Instruments Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Cash Equivalents [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	$ 921	$ 3,400	$ 2,108
Marketable Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	119	$ 86	$ 103
Other Assets [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	$ 24

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Financial Instruments Notional Amounts (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	$ 948	$ 1,252	$ 1,227
Designated as Hedging Instrument [Member] | Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	1,424	845	262
Not Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	1,371	103	1,164
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	$ 3	$ 4	$ 7

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Financial Instruments Cash Flow Hedges Included in AOCI (Details) € in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 EUR (€)	Dec. 31, 2021 USD ($)
Designated as Hedging Instrument [Member] | Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Remaining Maturity			2 years
Beginning Balance	$ 81	$ 73	$ 47	$ (16)
Additions and revaluations of derivatives designated as cash flow hedges	(25)	(10)	91	93
Clearance of hedge results to earnings	(4)	(4)	(86)	(18)
Ending Balance	52	59	52	59
After-tax net gain (loss) to be reclassified from AOCL into earnings over the next twelve months			50
Derivative, Notional Amount	1,424	262	$ 1,424	262		$ 845
Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Remaining Maturity			2 years
Beginning Balance	(31)	(21)	$ 32	(17)
Additions and revaluations of derivatives designated as cash flow hedges	11	8	(56)	3
Clearance of hedge results to earnings	32	9	36	10
Ending Balance	12	(4)	12	(4)
After-tax net gain (loss) to be reclassified from AOCL into earnings over the next twelve months			8
Derivative, Notional Amount	$ 948	$ 1,227	$ 948	$ 1,227		$ 1,252
Net Investment Hedging [Member] | Foreign Currency Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount | €					€ 450

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Financial Instruments Fair Value of Derivatives (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Asset, Gross		$ 216	$ 71	$ 57
Derivative Asset, Counterparty and Cash Collateral Netting	[1]	(58)	(20)	(23)
Derivative Asset, Net		158	51	34
Derivative Liability, Gross		65	26	40
Derivative Liability, Counterparty and Cash Collateral Netting	[1]	(58)	(20)	(23)
Derivative Liability, Net		7	6	17
Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Other Current Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Asset, Gross		101	37	20
Derivative Asset, Counterparty and Cash Collateral Netting	[1]	0	0	0
Derivative Asset, Net		101	37	20
Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Accrued and Other Current Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Asset, Counterparty and Cash Collateral Netting	[1]			0
Derivative Liability, Gross			1	9
Derivative Liability, Counterparty and Cash Collateral Netting	[1]		0
Derivative Liability, Net			1	9
Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Accrued and Other Current Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Liability, Gross		2
Derivative Liability, Counterparty and Cash Collateral Netting	[1]	0
Derivative Liability, Net		2
Not Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Other Current Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Asset, Gross		112	31	37
Derivative Asset, Counterparty and Cash Collateral Netting	[1]	(58)	(20)	(23)
Derivative Asset, Net		54	11	14
Not Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Accrued and Other Current Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Liability, Gross		63	23	31
Derivative Liability, Counterparty and Cash Collateral Netting	[1]	(58)	(20)	(23)
Derivative Liability, Net		5	3	$ 8
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Other Current Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Asset, Gross		3	3
Derivative Asset, Counterparty and Cash Collateral Netting	[1]	0	0
Derivative Asset, Net		$ 3	3
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Accrued and Other Current Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Liability, Gross			2
Derivative Liability, Counterparty and Cash Collateral Netting	[1]		0
Derivative Liability, Net			$ 2

[1] Counterparty and cash collateral amounts represent the estimated net settlement amount when applying netting and set-off rights included in master netting arrangements between the company and its counterparties and the payable or receivable for cash collateral held or placed with the same counterparty.

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Financial Instruments Effect of Derivative Instruments (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]	$ 43	$ 39	$ 70	$ (25)
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (loss) gain recognized in OCI- Pre Tax	[2]	30	17	123	153
Amount of gain (loss) recognized in Income - Pre-tax	[1]	(33)	(6)	68	9
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Foreign Currency Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (loss) gain recognized in OCI- Pre Tax	[2]	47	10	74	24
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (loss) gain recognized in OCI- Pre Tax	[2]	13	18	(68)	12
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract [Member] | Cost of Goods Sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in Income - Pre-tax	[1],[3]	(39)	(10)	(44)	(11)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (loss) gain recognized in OCI- Pre Tax	[2]	(30)	(11)	117	117
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Commodity Contract [Member] | Cost of Goods Sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in Income - Pre-tax	[1],[3]	6	4	112	20
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in income - pre-tax	[1]	76	45	2	(34)
Not Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Cost of Goods Sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in income - pre-tax	[1],[3]	4	12	(1)	(16)
Not Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Other Income - net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in income - pre-tax	[1],[4]	67	34	24	0
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Cost of Goods Sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in income - pre-tax	[1],[3]	$ 5	$ (1)	$ (21)	$ (18)

[1] For cash flow hedges, this represents the portion of the gain (loss) reclassified from accumulated OCI into income during the period.

[2] OCI is defined as other comprehensive income (loss).

[3] Recorded in cost of goods sold in the interim Consolidated Statements of Operations.

[4] Gain recognized in other income - net was partially offset by the related gain on the foreign currency-denominated monetary assets and liabilities of the company's operations. See Note 5 - Supplementary Information, to the interim Consolidated Financial Statements, for additional information.

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Financial Instruments- AFS Investing Results (Details) - Available-for-sale Securities $ in Millions	9 Months Ended
	Sep. 30, 2021 USD ($)
Debt Securities, Available-for-sale [Line Items]
Proceeds from sales of available-for-sale securities	$ 226
Gross realized losses	$ (7)

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Financial Instruments Contractual Maturities (Details) $ in Millions	Sep. 30, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Within One Year	$ 86
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Amortized Cost	24
Fair Value, Within One Year	86
Fair Value, one to five years	$ 24

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Fair Value Measurements (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021		Sep. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Asset		$ 216	$ 71		$ 57
Derivative Liability		65	26		40
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable Securities		0	0		0
Equity Securities,			48	[1]	75
Assets at Fair Value		0	48		75
Liabilities at Fair Value		0	0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 | Foreign Currency Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Asset	[2]	0	0		0
Derivative Liability	[2]	0	0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Asset	[2]	0
Derivative Liability	[2]	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable Securities		119	86		103
Equity Securities,			0	[1]	0
Assets at Fair Value		335	154		160
Liabilities at Fair Value		65	24		40
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Currency Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Asset	[2]	213	68		57
Derivative Liability	[2]	63	$ 24		$ 40
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Asset	[2]	3
Derivative Liability	[2]	$ 2

[1] The company's equity securities are included in other assets in the interim Consolidated Balance Sheets.

[2] See Note 15 - Financial Instruments for the classification of derivatives in the interim Consolidated Balance Sheets.

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Segment Reporting Segment Information (Details) - USD ($) $ in Millions		3 Months Ended				9 Months Ended
		Sep. 30, 2022		Sep. 30, 2021		Sep. 30, 2022		Sep. 30, 2021		Dec. 31, 2021
Segment Reporting Information [Line Items]
Net Sales		$ 2,777		$ 2,371		$ 13,630		$ 12,176
Segment operating EBITDA		128		(11)		2,937		2,420
Segment Assets		36,139		36,240		36,139		36,240		$ 35,698
Net exchange gains (losses)	[1]	(13)		2		(96)		(47)
Income from continuing operations before income taxes		(396)		8		1,629		2,101
Interest Expense		18		8		43		22
Interest income		36		19		75		58
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges				(27)
Significant Items		202		(21)		379		214
Corporate Expenses		32		40		83		106
EID [Member]
Segment Reporting Information [Line Items]
Net Sales		2,777		2,371		13,630		12,176
Segment operating EBITDA		128		(11)		2,937		2,420
Income from continuing operations before income taxes		(410)		(3)		1,596		2,062
Interest Expense		32		19		76		61
Depreciation and Amortization		310		309		919		926
Non-operating benefits - net		(9)		(315)		(134)		(941)
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges		(6)		(19)		(3)		3
Significant Items		202		(21)		379		214
Corporate Expenses		32		40		83		106
Seed [Member]
Segment Reporting Information [Line Items]
Net Sales		862		738		7,333		7,010
Segment operating EBITDA		(224)		(217)		1,585		1,523
Segment Assets		22,665	[2]	23,701	[2]	22,665	[2]	23,701	[2]	23,270
Crop Protection [Member]
Segment Reporting Information [Line Items]
Net Sales		1,915		1,633		6,297		5,166
Segment operating EBITDA		352		206		1,352		897
Segment Assets		13,474	[2]	12,539	[2]	13,474	[2]	12,539	[2]	$ 12,428
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Net exchange gains (losses)		13		(2)		96		47
Depreciation and Amortization		310		309		919		926
Interest income		(36)		(19)		(75)		(58)
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges		(6)		(19)		(3)		3
Significant Items		(202)		21		(379)		(214)
Segment Reconciling Items [Member] | EID [Member]
Segment Reporting Information [Line Items]
Net exchange gains (losses)		13		(2)		96		47
Interest income		(36)		(19)		(75)		(58)
Segment Reconciling Items [Member] | Seed [Member]
Segment Reporting Information [Line Items]
Significant Items		(94)		38		(237)		(98)
Segment Reconciling Items [Member] | Crop Protection [Member]
Segment Reporting Information [Line Items]
Significant Items		$ (42)		$ (8)		$ (59)		$ (51)

[1] Includes net pre-tax exchange gains (losses) of $(32) million and $(65) million associated with the devaluation of the Argentine peso for the three and nine months ended September 30, 2022, respectively, and $(16) million and $(53) million for the three and nine months ended September 30, 2021, respectively.

[2] Segment assets at December 31, 2021 were $23,270 million and $12,428 million for Seed and Crop Protection, respectively.

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Segment Reporting Segment Reconciliation (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Income (loss) from continuing operations after income taxes		$ (322)	$ 36	$ 1,257	$ 1,667
Provision for (benefit from) income taxes on continuing operations		(74)	(28)	372	434
Income from continuing operations before income taxes		(396)	8	1,629	2,101
Interest income		36	19	75	58
Interest Expense		18	8	43	22
Exchange (gains) losses - net	[1]	(13)	2	(96)	(47)
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges			27
Significant Items		202	(21)	379	214
Corporate Expenses		32	40	83	106
Segment operating EBITDA		128	(11)	2,937	2,420
Non-operating pension and other post employment benefit credit	[2]	22	326	170	979
EID [Member]
Segment Reporting Information [Line Items]
Provision for (benefit from) income taxes on continuing operations		(77)	(30)	364	425
Income from continuing operations before income taxes		(410)	(3)	1,596	2,062
Depreciation and Amortization		310	309	919	926
Interest Expense		32	19	76	61
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges		6	19	3	(3)
Significant Items		202	(21)	379	214
Corporate Expenses		32	40	83	106
Segment operating EBITDA		128	(11)	2,937	2,420
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Depreciation and Amortization		310	309	919	926
Interest income		(36)	(19)	(75)	(58)
Exchange (gains) losses - net		13	(2)	96	47
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges		6	19	3	(3)
Significant Items		(202)	21	(379)	(214)
Non-operating pension and other post employment benefit credit		(9)	(315)	(134)	(941)
Segment Reconciling Items [Member] | EID [Member]
Segment Reporting Information [Line Items]
Interest income		(36)	(19)	(75)	(58)
Exchange (gains) losses - net		$ 13	$ (2)	$ 96	$ 47

[1] Includes net pre-tax exchange gains (losses) of $(32) million and $(65) million associated with the devaluation of the Argentine peso for the three and nine months ended September 30, 2022, respectively, and $(16) million and $(53) million for the three and nine months ended September 30, 2021, respectively.

[2] 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 settlement gain (loss)).

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Segment Reporting Segment Asset Reconciliation (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Segment Reporting [Abstract]
Segment Assets	$ 36,139	$ 35,698	$ 36,240
Corporate Assets	4,512	6,646	4,882
Total Assets	$ 40,651	$ 42,344	$ 41,122

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Segment Reporting Significant Items (Details) - USD ($) $ in Millions		3 Months Ended				9 Months Ended
		Sep. 30, 2022		Sep. 30, 2021		Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Restructuring and Asset related charges, net		$ 152		$ 26		$ 300	$ 261
Significant Items		202		(21)		379	214
Net exchange gains (losses)	[1]	(13)		2		(96)	(47)
Settlement Cost
Segment Reporting Information [Line Items]
Restructuring and Asset related charges, net		(2)				(8)
Settlement Cost | Seed [Member]
Segment Reporting Information [Line Items]
Restructuring and Asset related charges, net		(2)				(8)
Hedging Program [Member]
Segment Reporting Information [Line Items]
Net exchange gains (losses)		67		34		24	0
Argentine Peso Devaluation [Member] | Hedging Program [Member]
Segment Reporting Information [Line Items]
Net exchange gains (losses)		(32)		(16)		(65)	(53)
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Restructuring and Asset related charges, net		(152)	[2]	(26)	[2]	(300)	(261)
Inventory Write-down		(32)				(33)
Gain (Loss) on Disposition of Business		15				15
Litigation Settlement, Expense		(40)				(57)
Loss on Divestiture	[3]					(5)
Significant Items		(202)		21		(379)	(214)
Net exchange gains (losses)		13		(2)		96	47
Equity Securities Mark-to-Mark Gain				47			47
Employee Retention Credit		9
Segment Reconciling Items [Member] | Seed [Member]
Segment Reporting Information [Line Items]
Restructuring and Asset related charges, net		(66)	[2]	(9)	[2]	(197)	(145)
Inventory Write-down		(32)				(33)
Loss on Divestiture						(5)
Significant Items		(94)		38		(237)	(98)
Equity Securities Mark-to-Mark Gain				47			47
Employee Retention Credit		6				6
Segment Reconciling Items [Member] | Crop Protection [Member]
Segment Reporting Information [Line Items]
Restructuring and Asset related charges, net		(20)	[2]	(8)	[2]	(20)	(51)
Gain (Loss) on Disposition of Business		15				15
Litigation Settlement, Expense		(40)				(57)
Significant Items		(42)		(8)		(59)	(51)
Employee Retention Credit		3				3
Segment Reconciling Items [Member] | Corporate
Segment Reporting Information [Line Items]
Restructuring and Asset related charges, net		(66)	[2]	(9)	[2]	(83)	(65)
Significant Items		$ (66)		$ (9)		$ (83)	$ (65)

[1] Includes net pre-tax exchange gains (losses) of $(32) million and $(65) million associated with the devaluation of the Argentine peso for the three and nine months ended September 30, 2022, respectively, and $(16) million and $(53) million for the three and nine months ended September 30, 2021, respectively.

[2] Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 4 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements, for additional information.2.Consists of estimated Lorsban® related reserves3.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.

[3] Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.

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EID - Basis of Presentation Narrative (Details) - $ / shares	9 Months Ended
	Sep. 30, 2022	Oct. 28, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 26, 2019
EID [Member]
Common Stock, Shares, Outstanding	200		200	200
Common Stock, Par Value	$ 0.30	$ 0.30	$ 0.30	$ 0.30
Common Stock, Shares, Outstanding	716,225,000		726,527,000	730,267,000
Common Stock, Par Value	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Corteva [Member] | EID [Member]
Ownership interest in an entity	100.00%
Corteva [Member]
Common Stock, Par Value	$ 0.01				$ 0.01

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EID - Related Party Transactions (Details) - EID [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Long Term Debt - Related Party	$ 1,066	$ 2,443	$ 1,066	$ 2,443	$ 2,162
Corteva [Member]
Related Party Transaction [Line Items]
Debt, Weighted Average Interest Rate	4.12%	1.52%	4.12%	1.52%	1.67%
Interest Expense, Related Party	$ 14	$ 11	$ 33	$ 39
Accrued and Other Current Liabilities [Member] | Corteva [Member]
Related Party Transaction [Line Items]
CTVA Related Party Liability	24	61	24	61	$ 27
Other noncurrent obligations | Corteva [Member]
Related Party Transaction [Line Items]
CTVA Related Party Liability	$ 122	$ 90	$ 122	$ 90	$ 117

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EID Segment FN Segment reconciliation (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Provision for (benefit from) income taxes on continuing operations		$ (74)	$ (28)	$ 372	$ 434
Income from continuing operations before income taxes		(396)	8	1,629	2,101
Interest income		36	19	75	58
Interest Expense		18	8	43	22
Exchange (gains) losses - net	[1]	(13)	2	(96)	(47)
Significant Items		202	(21)	379	214
Corporate Expenses		32	40	83	106
Segment operating EBITDA		128	(11)	2,937	2,420
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges			27
EID [Member]
Segment Reporting Information [Line Items]
Income from Continuing Operations After Taxes		(333)	27	1,232	1,637
Provision for (benefit from) income taxes on continuing operations		(77)	(30)	364	425
Income from continuing operations before income taxes		(410)	(3)	1,596	2,062
Depreciation and Amortization		310	309	919	926
Interest Expense		32	19	76	61
Non-operating benefits - net		(9)	(315)	(134)	(941)
Significant Items		202	(21)	379	214
Corporate Expenses		32	40	83	106
Segment operating EBITDA		128	(11)	2,937	2,420
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges		6	19	3	(3)
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Depreciation and Amortization		310	309	919	926
Interest income		(36)	(19)	(75)	(58)
Exchange (gains) losses - net		13	(2)	96	47
Significant Items		(202)	21	(379)	(214)
Mark-to-market gain (loss) on certain foreign currency contracts not designated as hedges		6	19	3	(3)
Segment Reconciling Items [Member] | EID [Member]
Segment Reporting Information [Line Items]
Interest income		(36)	(19)	(75)	(58)
Exchange (gains) losses - net		13	(2)	96	47
Corporate | Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Significant Items		(66)	(9)	(83)	(65)
Crop Protection [Member]
Segment Reporting Information [Line Items]
Segment operating EBITDA		352	206	1,352	897
Crop Protection [Member] | Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Significant Items		$ (42)	$ (8)	$ (59)	$ (51)

[1] Includes net pre-tax exchange gains (losses) of $(32) million and $(65) million associated with the devaluation of the Argentine peso for the three and nine months ended September 30, 2022, respectively, and $(16) million and $(53) million for the three and nine months ended September 30, 2021, respectively.

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EID Segment FN Segment Asset Reconciliation (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
EID [Member]
Segment Reporting Information [Line Items]
Total Assets	$ 40,651	$ 42,344	$ 41,122
Segment Assets	36,139	35,698	36,240
Corporate Assets	4,512	6,646	4,882
Total Assets	$ 40,651	$ 42,344	$ 41,122