Restructuring and Asset Related Charges (Tables)

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

2022 Restructuring Actions

Restructuring Cost and Reserve [Line Items]

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

(In millions)	Severance and Related Benefit Costs		Asset Related		Contract Termination1		Total
Balance at December 31, 2023	$	48	$	1	$	9	$	58
Payments	(8)		—		—		(8)
Balance at March 31, 2024	$	40	$	1	$	9	$	50

1.The liability for contract terminations includes lease obligations.

(In millions)	Three Months Ended March 31, 2023
Severance and related benefit costs1	$	4
Asset related charges2	7
Total restructuring and asset related charges - net3	$	11

1.Reflects corporate-related charges.

2.Reflects charges of $6 million and $1 million associated with the seed and crop protection segment, respectively.

3.This amount excludes other pre-tax charges recorded during the three months ended March 31, 2023 impacting the Seed segment included in cost of goods sold and other income (expense) – net, in the company’s interim Consolidated Statement of Operations, relating to inventory write-offs and a loss on the sale of the company's interest in an equity investment. See Note 18 - Segment Information, to the interim Consolidated Financial Statements, for additional information.

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)	Three Months Ended March 31, 2024
Severance and related benefit costs1	$	14
Asset related charges2	41
Total restructuring and asset related charges - net	$	55

1.Reflects corporate-related charges.

2.Reflects charges associated with the crop protection segment.

A reconciliation of the December 31, 2023 to the March 31, 2024 liability balances related to the Crop Protection Operations Strategy Restructuring Program is summarized below:

(In millions)	Severance and Related Benefit Costs		Asset Related		Total
Balance at December 31, 2023	$	—	$	—	$	—
Charges to income from continuing operations	14		41		55
Asset write-offs	—		(41)		(41)
Balance at March 31, 2024	$	14	$	—	$	14