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EIDP Segment FN (Notes)
 12 Months Ended
Dec. 31, 2023
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) credits (costs), tax indemnification adjustments, environmental remediation and legal costs associated with legacy EIDP businesses and sites, and the 2021 officer indemnification payment. 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.

Corporate Profile
The company conducts its global operations through the following reportable segments:

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, pasture and range management herbicides and biologicals.

(In millions)
SeedCrop ProtectionTotal
As of and for the Year Ended December 31, 2023   
Net sales$9,472 $7,754 $17,226 
Segment operating EBITDA2,117 1,374 3,491 
Depreciation and amortization814 397 1,211 
Segment assets22,732 15,004 37,736 
Investments in nonconsolidated affiliates39 76 115 
Purchases of property, plant and equipment332 263 595 
As of and for the Year Ended December 31, 2022   
Net sales8,979 8,476 17,455 
Segment operating EBITDA1,656 1,684 3,340 
Depreciation and amortization839 384 1,223 
Segment assets22,952 14,097 37,049 
Investments in nonconsolidated affiliates35 67 102 
Purchases of property, plant and equipment225 380 605 
As of and for the Year Ended December 31, 2021
Net sales8,402 7,253 15,655 
Segment operating EBITDA1,512 1,202 2,714 
Depreciation and amortization866 377 1,243 
Segment assets23,270 12,428 35,698 
Investments in nonconsolidated affiliates29 47 76 
Purchase of property, plant and equipment237 336 573 


Reconciliation to Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDAFor the Year Ended December 31,
(In millions)202320222021
Income (loss) from continuing operations after income taxes$941 $1,216 $1,822 
Provision for (benefit from) income taxes on continuing operations152 210 524 
Income (loss) from continuing operations before income taxes1,093 1,426 2,346 
Depreciation and amortization1,211 1,223 1,243 
Interest income(283)(124)(77)
Interest expense233 79 30 
Exchange (gains) losses - net397 229 54 
Non-operating (benefits) costs - net1
151 (111)(1,256)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges— — — 
Significant items579 502 236 
Corporate expenses110 116 138 
Segment operating EBITDA$3,491 $3,340 $2,714 
1.The year ended December 31, 2021 includes non-cash benefits related to the 2020 OPEB Plan Amendments. Refer to Note 18 - Pension Plans and Other Post-Employment Benefits, to the Consolidated Financial Statements, for additional information.
Segment assets to total assets (in millions)
December 31, 2023December 31, 2022
Total segment assets$37,736 $37,049 
Corporate assets5,260 5,569 
Total assets$42,996 $42,618 
Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA
The years ended December 31, 2023, 2022 and 2021, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating EBITDA:
(In millions)SeedCrop ProtectionCorporateTotal
For the Year Ended December 31, 2023
Restructuring and asset related charges - net 1
$(86)$(228)$(22)$(336)
Estimated settlement expense 2
— (204)— (204)
Inventory write-offs 3
(7)— — (7)
Spare parts write-off 4
— (12)— (12)
Gain (loss) on sale of business, assets and equity investments 3
4 10 — 14 
Employee Retention Credit— 3 — 3 
AltEn facility remediation charges(10)— — (10)
Seed sale associated with Russia Exit 3,5
18 — — 18 
Acquisition-related costs 6
— (45)— (45)
Total$(81)$(476)$(22)$(579)
(In millions)SeedCrop ProtectionCorporateTotal
For the Year Ended December 31, 2022
Restructuring and asset related charges - net 1
$(228)$(37)$(98)$(363)
Estimated settlement expense 2
— (87)— (87)
Inventory write-offs 3
(33)— — (33)
Gain (loss) on sale of business, assets and equity investments 3
(5)15 — 10 
Settlement costs associated with Russia Exit 3
(8)— — (8)
Employee Retention Credit6 3 — 9 
AltEn facility remediation charges(33)— — (33)
Seed sale associated with Russia Exit 3,5
3 — — 3 
Total$(298)$(106)$(98)$(502)
(In millions)SeedCrop ProtectionCorporateTotal
For the Year Ended December 31, 2021
Restructuring and asset related charges - net 1
$(152)$(59)$(78)$(289)
Equity securities mark-to-market gain (loss)47 — — 47 
Employee Retention Credit37 23 — 60 
Contract termination(30)(24)— (54)
Total$(98)$(60)$(78)$(236)
1.Includes restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 6 - Restructuring and Asset Related Charges - Net, to the 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.Incremental loss associated with activities related to the Crop Protection Operations Strategy Restructuring Program.
5.Includes a benefit of $18 million and $3 million for the years ended December 31, 2023 and 2022, 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 $71 million and $8 million of net sales and $53 million and $5 million of cost of goods sold for the years ended December 31, 2023 and 2022, respectively.
6.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 4 - Business Combinations, to the Consolidated Financial Statements, for additional information.
EIDP  
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 EIDP. In addition, there are no differences between Corteva, Inc. and EIDP segment net sales, segment operating EBITDA, segment assets, or significant items by segment; refer to page F-67 of the Corteva, Inc. 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 EIDP.

Reconciliation to Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDA
(In millions)
For the Year Ended December 31,
202320222021
Income (loss) from continuing operations after income taxes$926 $1,182 $1,784 
Provision for (benefit from) income taxes on continuing operations147 199 512 
Income (loss) from continuing operations before income taxes1,073 1,381 2,296 
Depreciation and amortization1,211 1,223 1,243 
Interest income(283)(124)(77)
Interest expense253 124 80 
Exchange losses - net397 229 54 
Non-operating (benefits) costs - net1
151 (111)(1,256)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges— — — 
Significant items579 502 236 
Corporate expenses110 116 138 
Segment operating EBITDA$3,491 $3,340 $2,714 
1.The year ended December 31, 2021 includes non-cash benefits related to the 2020 OPEB Plan Amendments. Refer to Note 18 - Pension Plans and Other Post-Employment Benefits, to the Consolidated Financial Statements, for additional information.