Earnings Per Share (Notes)

9 Months Ended

Sep. 30, 2023

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)	2023		2022		2023		2022
Income (loss) from continuing operations after income taxes	$	(315)	$	(322)	$	1,172	$	1,257
Net income (loss) attributable to continuing operations noncontrolling interests	3		3		10		9

Income (loss) from continuing operations available to Corteva common stockholders	(318)		(325)		1,162		1,248
Income (loss) from discontinued operations available to Corteva common stockholders	(3)		(6)		(174)		(46)
Net income (loss) available to common stockholders	$	(321)	$	(331)	$	988	$	1,202


Earnings (Loss) Per Share Calculations - Basic	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars per share)	2023		2022		2023		2022
Earnings (loss) per share of common stock from continuing operations	$	(0.45)	$	(0.45)	$	1.64	$	1.73
Earnings (loss) per share of common stock from discontinued operations	—		(0.01)		(0.24)		(0.06)
Earnings (loss) per share of common stock	$	(0.45)	$	(0.46)	$	1.40	$	1.67


Earnings (Loss) Per Share Calculations - Diluted	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars per share)	2023		2022		2023		2022
Earnings (loss) per share of common stock from continuing operations	$	(0.45)	$	(0.45)	$	1.63	$	1.72
Earnings (loss) per share of common stock from discontinued operations	—		(0.01)		(0.24)		(0.06)
Earnings (loss) per share of common stock	$	(0.45)	$	(0.46)	$	1.39	$	1.66


Share Count Information	Three Months Ended September 30,		Nine Months Ended September 30,
(Shares in millions)	2023	2022	2023	2022
Weighted-average common shares - basic	708.4	718.7	710.7	722.8
Plus dilutive effect of equity compensation plans1	—	—	2.9	3.6

Weighted-average common shares - diluted	708.4	718.7	713.6	726.4
Potential shares of common stock excluded from EPS calculations2	2.2	6.1	2.4	2.2

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.