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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net Sales $ 6,045 $ 6,252 $ 10,929 $ 10,853
Cost of Goods Sold 3,137 3,323 5,908 6,047
Research and Development Expense 329 296 645 564
Selling, General and Administrative Expenses 1,045 1,017 1,771 1,752
Amortization of Intangibles 174 179 334 358
Restructuring and Asset related charges, net 60 143 93 148
Other income - net (134) 49 (205) 66
Interest Expense 82 16 113 25
Income from continuing operations before income taxes 1,084 1,327 1,860 2,025
Provision for (benefit from) income taxes on continuing operations 204 325 373 446
Income from continuing operations after income taxes 880 1,002 1,487 1,579
Income (loss) from discontinued operations after income taxes (163) (30) (171) (40)
Net income 717 972 1,316 1,539
Net income attributable to noncontrolling interests 3 3 7 6
Net income attributable to Corteva $ 714 $ 969 $ 1,309 $ 1,533
Basic earnings (loss) per share of common stock from continuing operations $ 1.23 $ 1.38 $ 2.08 $ 2.17
Basic earnings (loss) per share of common stock from discontinued operations (0.23) (0.04) (0.24) (0.06)
Basic earnings (loss) per share of common stock 1.00 1.34 1.84 2.11
Diluted earnings (loss) per share of common stock from continuing operations 1.23 1.37 2.07 2.16
Diluted earnings (loss) per share of common stock from discontinued operations (0.23) (0.04) (0.24) (0.05)
Diluted earnings (loss) per share of common stock $ 1.00 $ 1.33 $ 1.83 $ 2.11
Segment Reconciling Items [Member]        
Restructuring and Asset related charges, net [1] $ (60) $ (143) $ (93) $ (148)
EID [Member]        
Net Sales 6,045 6,252 10,929 10,853
Cost of Goods Sold 3,137 3,323 5,908 6,047
Research and Development Expense 329 296 645 564
Selling, General and Administrative Expenses 1,045 1,017 1,771 1,752
Amortization of Intangibles 174 179 334 358
Restructuring and Asset related charges, net 60 143 93 148
Other income - net (134) 49 (205) 66
Income from continuing operations before income taxes 1,077 1,317 1,840 2,006
Provision for (benefit from) income taxes on continuing operations (202) (322) (368) (441)
Income from Continuing Operations After Taxes 875 995 1,472 1,565
Income (loss) from discontinued operations after income taxes (163) (30) (171) (40)
Net income 712 965 1,301 1,525
Net income attributable to noncontrolling interests 1 0 2 1
Net income attributable to Corteva 711 965 1,299 1,524
EID [Member] | Segment Reconciling Items [Member]        
Interest Expense $ 89 $ 26 $ 133 $ 44
[1] Includes restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 5 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements for additional information.