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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2023
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
June 30,
Six Months Ended
June 30,
2023202220232022
Income (loss) from continuing operations after income taxes$880 $1,002 $1,487 $1,579 
Provision for (benefit from) income taxes on continuing operations204 325 373 446 
Income (loss) from continuing operations before income taxes1,084 1,327 1,860 2,025 
Depreciation and amortization306 302 593 609 
Interest income(54)(24)(94)(39)
Interest expense82 16 113 25 
Exchange (gains) losses104 36 140 83 
Non-operating (benefits) costs44 (60)87 (125)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges63 (33)78 
Significant items (benefit) charge117 155 200 177 
Corporate expenses32 30 56 51 
Segment operating EBITDA$1,778 $1,749 $3,033 $2,809 
Schedule of Segment Reporting Information, by Segment [Table Text Block]
As of and for the Three Months Ended June 30,
(In millions)
SeedCrop ProtectionTotal
2023   
Net sales$4,264 $1,781 $6,045 
Segment operating EBITDA$1,458 $320 $1,778 
Segment assets1
$22,952 $16,342 $39,294 
2022   
Net sales$3,947 $2,305 $6,252 
Segment operating EBITDA$1,240 $509 $1,749 
Segment assets1
$22,757 $13,532 $36,289 
1.    Segment assets at December 31, 2022 were $22,952 million and $14,097 million for Seed and Crop Protection, respectively.
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
Segment assets to total assets (in millions)
June 30, 2023December 31, 2022June 30, 2022
Total segment assets$39,294 $37,049 $36,289 
Corporate assets4,895 5,569 4,617 
Total assets$44,189 $42,618 $40,906 
Schedule of Additional Segment Details [Table Text Block]
(In millions)SeedCrop ProtectionCorporateTotal
For the Three Months Ended June 30, 2023
Restructuring and asset related charges - net1
$(54)$(5)$(1)$(60)
Estimated settlement expense2
— (41)— (41)
Inventory write-offs3
(3)— — (3)
Seed sale associated with Russia Exit3,4
(1)— — (1)
Acquisition-related costs5
— (15)— (15)
Employee Retention Credit— — 
Total$(58)$(58)$(1)$(117)
(In millions)SeedCrop ProtectionCorporateTotal
For the Three Months Ended June 30, 2022
Restructuring and asset related charges - net1
$(126)$(2)$(15)$(143)
Inventory write-offs3
(1)— — (1)
Loss on sale of equity investment3
(5)— — (5)
Settlement costs associated with Russia Exit3
(6)— — (6)
Total$(138)$(2)$(15)$(155)

(in millions)SeedCrop ProtectionCorporateTotal
For the Six Months Ended June 30, 2023
Restructuring and asset related charges - net1
$(75)$(11)$(7)$(93)
Estimated settlement expense2
— (90)— (90)
Inventory write-offs3
(7)— — (7)
Gain (loss) on sale of assets and equity investments3
— — 
Seed sale associated with Russia Exit3,4
18 — — 18 
Acquisition-related costs5
— (34)— (34)
Employee Retention Credit— — 
Total$(64)$(129)$(7)$(200)
(in millions)SeedCrop ProtectionCorporateTotal
For the Six Months Ended June 30, 2022
Restructuring and asset related charges - net1
$(131)$— $(17)$(148)
Estimated settlement expense2
— (17)— (17)
Inventory write-offs3
(1)— — (1)
Loss on sale of equity investment3
(5)— — (5)
Settlement costs associated with Russia Exit3
(6)— — (6)
Total$(143)$(17)$(17)$(177)
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.
2.Consists of estimated Lorsban® related charges.
3.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.
4.Includes a benefit (charge) of $(1) million and $18 million for the three and six months ended June 30, 2023, respectively, relating to the sale of seeds already under production in Russia when the decision to exit the country was made and that the company was contractually required to purchase. It consists of $30 million and $71 million of net sales and $31 million and $53 million of cost of goods sold for the three and six months ended June 30, 2023, respectively.
5.Relates to acquisition-related costs, including transaction and third-party integration costs associated with the completed acquisitions of Stoller and Symborg as well as the recognition of the inventory fair value step-up. See Note 3 - Business Combinations, to the interim Consolidated Financial Statements, for additional information.