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Stockholders' Equity
 6 Months Ended
Jun. 30, 2023
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"). The timing, price and volume of purchases will be based on market conditions, relevant securities laws and other factors. In connection with the 2022 Share Buyback Plan, the company repurchased and retired 1,417,000 shares in the open market for a total cost of $80 million during the three and six months ended June 30, 2023.

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 4,098,000 shares in the open market for a total cost of $250 million during the six months ended June 30, 2023 and 6,285,000 shares and 10,870,000 shares in the open market for a total cost of $365 million and $600 million during the three and six months ended June 30, 2022, respectively. Repurchases under the 2021 Share Buyback Plan were completed during the first quarter of 2023.

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 EIDP. However, EIDP 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 EIDP Preferred Stock - $4.50 Series and EIDP Preferred Stock - $3.50 Series issued and outstanding at the effective date of the Corteva Distribution remains issued and outstanding as to EIDP and was unaffected by the Corteva Distribution.

Below is a summary of the EIDP Preferred Stock at June 30, 2023, December 31, 2022, and June 30, 2022, which is classified as noncontrolling interests in Corteva's interim Consolidated Balance Sheets.
Shares in thousandsNumber of Shares
Authorized23,000
$4.50 Series, callable at $1201,673
$3.50 Series, callable at $102700
Other Comprehensive Income (Loss)
The changes and after-tax balances of components comprising accumulated other comprehensive income (loss) are summarized below:
(In millions)
Cumulative Translation Adjustment1
Derivative InstrumentsPension Benefit PlansOther Benefit PlansTotal
2022
Balance January 1, 2022$(2,543)$72 $(396)$(31)$(2,898)
Other comprehensive income (loss) before reclassifications(335)70 13 3 (249)
Amounts reclassified from accumulated other comprehensive income (loss)— (78)2 — (76)
Net other comprehensive income (loss) (335)(8)15 3 (325)
Balance June 30, 2022$(2,878)$64 $(381)$(28)$(3,223)
2023     
Balance January 1, 2023$(2,883)$80 $(163)$160 $(2,806)
Other comprehensive income (loss) before reclassifications282 (101)4 — 185 
Amounts reclassified from accumulated other comprehensive income (loss)— (51)(1)(4)(56)
Net other comprehensive income (loss) 282 (152)3 (4)129 
Balance June 30, 2023$(2,601)$(72)$(160)$156 $(2,677)
    
1.The cumulative translation adjustment gain for the six months ended June 30, 2023 was primarily driven by the strengthening of the Brazilian Real (“BRL”), Swiss Franc (“CHF”) and European Euro (“EUR”) against the USD. The cumulative translation adjustment loss for the six months ended June 30, 2022 was primarily driven by the weakening of the European Euro ("EUR"), Swiss Franc ("CHF") and Indian Rupee ("INR") against the USD, partially offset by the strengthening of the Brazilian Real ("BRL") against the USD.

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
June 30,		Six Months Ended
June 30,
2023202220232022
Derivative instruments$35 $1 $62 $— 
Pension benefit plans - net— (3)— (5)
Other benefit plans - net1 — 1 3 
(Provision for) benefit from income taxes related to other comprehensive income (loss) items$36 $(2)$63 $(2)
A summary of the reclassifications out of accumulated other comprehensive income (loss) is provided as follows:
(In millions)Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Derivative Instruments1:
$(45)$(86)$(66)$(101)
Tax (benefit) expense2
10 20 15 23 
After-tax$(35)$(66)$(51)$(78)
Amortization of pension benefit plans:
  Prior service (benefit) cost3,4
$(1)$(1)$(2)$(2)
  Actuarial (gains) losses3,4
— 1 — 2 
  Settlement (gain) loss3,4
— 2 — 2 
Total before tax$(1)$2 $(2)$2 
Tax (benefit) expense2
1 — 1 — 
After-tax$— $2 $(1)$2 
Amortization of other benefit plans:
  Prior service (benefit) cost3,4
$— $(1)$— $(1)
  Actuarial (gains) loss3,4
(3)1 (5)1 
Total before tax$(3)$— $(5)$— 
Tax (benefit) expense2
1 — 1 — 
After-tax$(2)$— $(4)$— 
Total reclassifications for the period, after-tax$(37)$(64)$(56)$(76)
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 15 - Pension Plans and Other Post Employment Benefits, for additional information.
4.Reflected in other income (expense) - net in the interim Consolidated Statements of Operations.