Supplementary Information (Tables)

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Other Nonoperating Income (Expense)

Other Income (Expense) - Net	Three Months Ended March 31,
(In millions)	2024		2023
Interest income	$	35	$	40
Equity in earnings (losses) of affiliates - net	8		3
Net gain (loss) on sales of businesses and other assets	4		(1)
Net exchange gains (losses)1	(59)		(36)
Non-operating pension and other post employment benefit credit (costs)2	(36)		(31)
Miscellaneous income (expenses) - net3	(51)		(46)
Other income (expense) - net	$	(99)	$	(71)

1.Includes net pre-tax exchange gains (losses) of $(10) million and $(21) million associated with the devaluation of the Argentine peso for the three months ended March 31, 2024, and 2023, respectively.

2.Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized gain (loss), amortization of prior service benefit and settlement gain (loss)).

3.Includes estimated settlement reserves and other items. The three months ended March 31, 2024 also includes the recognition of an indemnification payment negotiated with prior Stoller owners and tax indemnification adjustments related 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. The three months ended March 31, 2023 also includes gains on the sale of assets and a loss on the sale of the company’s interest in an equity investment.

Foreign Currency Exchange Gain (Loss)

(In millions)	Three Months Ended March 31,
	2024		2023
Subsidiary Monetary Position Gain (Loss)
Pre-tax exchange gain (loss)	$	23	$	(30)
Local tax (expenses) benefits	(10)		9
Net after-tax impact from subsidiary exchange gain (loss)	$	13	$	(21)
Hedging Program Gain (Loss)
Pre-tax exchange gain (loss)	$	(82)	$	(6)
Tax (expenses) benefits	17		2
Net after-tax impact from hedging program exchange gain (loss)	$	(65)	$	(4)
Total Exchange Gain (Loss)
Pre-tax exchange gain (loss)	$	(59)	$	(36)
Tax (expenses) benefits	7		11
Net after-tax exchange gain (loss)	$	(52)	$	(25)
Non-Controlling Interest Adjustment	1		—
Net after-tax exchange gain (loss) attributable to Corteva	$	(51)	$	(25)

Restrictions on Cash and Cash Equivalents

(In millions)	March 31, 2024		December 31, 2023		March 31, 2023
Cash and cash equivalents	$	1,505	$	2,644	$	1,646
Restricted cash equivalents	509		514		422
Total cash, cash equivalents and restricted cash equivalents	$	2,014	$	3,158	$	2,068