Restructuring and Asset Related Charges (Tables)

12 Months Ended

Dec. 31, 2023

2022 Restructuring Actions

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Reserve by Segment

	For the Year Ended December 31,
(In millions)	2023		2022
Seed	$	17	$	120
Crop Protection	5		41
Corporate expenses	20		111
Total1	$	42	$	272

1.This amount excludes other pre-tax charges recorded during the years ended December 31, 2023 and 2022 impacting the Seed segment. These charges consisted of inventory write-offs and gains (losses) on sale of businesses, assets and equity investments and settlement costs associated with the Russia Exit, which are included in cost of goods sold and other income (expense) - net, in the company's Consolidated Statement of Operations, respectively. See Note 23 - Segment Information, to the Consolidated Financial Statements, for additional information.

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

	For the Year Ended December 31,
(In millions)	2023		2022
Severance and related benefit costs	$	20	$	111
Asset related charges	12		104
Contract termination charges1	10		57
Total restructuring and asset related charges - net2	$	42	$	272

1.Contract terminations includes early lease terminations.

2.This amount excludes other pre-tax charges recorded during the year ended December 31, 2023 and 2022 included in cost of goods sold and other income (expense) – net, in the company’s Consolidated Statement of Operations, as noted above.

A reconciliation of the December 31, 2022 to the December 31, 2023 liability balances related to the 2022 Restructuring Actions is summarized below:

(In millions)	Severance and Related Benefit Costs		Asset Related		Contract Termination1		Total
Balance at December 31, 2022	$	71	$	—	$	12	$	83
Charges to income from continuing operations	20		12		10		42
Payments	(43)		—		(13)		(56)
Asset write-offs	—		(11)		—		(11)
Balance at December 31, 2023	$	48	$	1	$	9	$	58

1.The liability for contract terminations includes lease obligations. The cash impact of these obligations are substantially complete.

2021 Restructuring Actions [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Reserve by Segment

The charges related to the 2021 Restructuring Actions related to the segments, as well as corporate expenses, for the years ended December 31, 2023, 2022 and 2021 were as follows:

	For the Year Ended December 31,
(In millions)	2023		2022		2021
Seed	$	—	$	(1)	$	31
Crop Protection	6		(1)		55
Corporate expenses	1		(5)		81
Total	$	7	$	(7)	$	167

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table is a summary of charges incurred related to the 2021 Restructuring Actions for the years ended December 31, 2023, 2022 and 2021:

	For the Year Ended December 31,
(In millions)	2023		2022		2021
Severance and related benefit costs	$	1	$	(5)	$	74
Asset related charges	6		—		51
Contract termination charges	—		(2)		42
Total restructuring and asset related charges - net	$	7	$	(7)	$	167

Crop Protection Strategy Operations Program [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

(In millions)	For the Year Ended December 31, 2023
Asset related charges1	$	214
Contract termination charges	3
Total restructuring and asset related charges - net2	$	217

1.Asset-related charges includes impairment charges related to operating lease assets and property, plant and equipment, as noted above.

2.This amount excludes charges relating to spare parts write-offs included in cost of goods sold, in the company’s Consolidated Statement of Operations, as noted above.

A reconciliation of the December 31, 2022 to the December 31, 2023 liability balances related to the Crop Protection Operations Strategy Program is summarized below:

(In millions)	Asset Related1		Contract Termination		Total
Balance at December 31, 2022	$	—	$	—	$	—
Charges to income from continuing operations	214		3		217
Payments	—		(3)		(3)
Asset write-offs	(214)		—		(214)
Balance at December 31, 2023	$	—	$	—	$	—

1.Asset-related charges includes impairment charges related to operating lease assets and property, plant and equipment, as noted above.