
Other Income (Expense) - Net	Three Months Ended March 31,
(In millions)	2025		2024
Interest income	$	32	$	35
Equity in earnings (losses) of affiliates - net	11		8
Net gain (loss) on sales of businesses and other assets	4		4
Net exchange gains (losses)1	(27)		(59)
Non-operating pension and other post employment benefit credits (costs)2	(6)		(36)
Miscellaneous income (expenses) - net3	1		(51)
Other income (expense) - net	$	15	$	(99)

1.Includes net pre-tax exchange gains (losses) of $— million and $(10) million associated with impacts from the devaluation of the Argentine Peso for the three months ended March 31, 2025 and 2024, 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.The three months ended March 31, 2025 includes miscellaneous immaterial items. The three months ended March 31, 2024 includes estimated settlement reserves, the recognition of an indemnification payment negotiated with the 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 following table summarizes the impacts of the company's foreign currency hedging program on the company's results of operations. The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The hedging program gains (losses) are largely taxable (tax deductible) in the U.S., whereas the offsetting exchange gains (losses) on the remeasurement of the net monetary asset positions are often not taxable (tax deductible) in their local jurisdictions. The net pre-tax exchange gains (losses) are recorded in other income (expense) - net and the related tax impact is recorded in provision for (benefit from) income taxes on continuing operations in the interim Consolidated Statements of Operations.


	Three Months Ended March 31,
(In millions)	2025		2024
Subsidiary Monetary Position Gain (Loss)
Pre-tax exchange gain (loss)	$	(47)	$	23
Local tax (expenses) benefits	(1)		(10)
Net after-tax impact from subsidiary exchange gain (loss)	$	(48)	$	13

Hedging Program Gain (Loss)
Pre-tax exchange gain (loss)	$	20	$	(82)
Tax (expenses) benefits	(2)		17
Net after-tax impact from hedging program exchange gain (loss)	$	18	$	(65)

Total Exchange Gain (Loss)
Pre-tax exchange gain (loss)	$	(27)	$	(59)
Tax (expenses) benefits	(3)		7
Net after-tax exchange gain (loss)	$	(30)	$	(52)

Non-controlling interest adjustment	—		1

Net after-tax exchange gain (loss) attributable to Corteva	$	(30)	$	(51)

The following table provides a reconciliation of cash and cash equivalents and restricted cash equivalents presented in the interim Consolidated Balance Sheets to the total cash, cash equivalents and restricted cash equivalents presented in the interim Consolidated Statements of Cash Flows. Corteva classifies restricted cash equivalents as current or noncurrent based on the nature of the restrictions, and includes them within in other current assets and other assets, respectively, in the interim Consolidated Balance Sheets.


(In millions)	March 31, 2025		December 31, 2024		March 31, 2024
Cash and cash equivalents	$	2,008	$	3,106	$	1,505
Restricted cash equivalents	287		316		509
Total cash, cash equivalents and restricted cash equivalents	$	2,295	$	3,422	$	2,014

Restricted cash equivalents primarily relates to a trust funded by EIDP for cash obligations under certain non-qualified benefit and deferred compensation plans due to the Merger, which was a change in control event, and contributions to escrow accounts established for the settlement of certain legal matters and the settlement of legacy PFAS matters and the associated qualified spend. During the second quarter of 2024, the company's previously-restricted cash in the Water District Settlement Fund, which was established by Corteva, EIDP, Inc., DuPont and Chemours in September 2023 under the Nationwide Water District Settlement, was released. All of the company's restricted cash equivalents are classified as current as of March 31, 2025, December 31, 2024 and March 31, 2024, except for the $15 million MOU Escrow Account balance at March 31, 2025 and December 31, 2024. See Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements, for additional information.

At March 31, 2025, December 31, 2024 and March 31, 2024, accounts payable was $3,905 million, $4,039 million and $3,606 million, respectively, which includes accounts payable - trade of $2,000 million, $2,632 million, and $1,982 million, respectively. Included in accounts payable – trade was seed grower compensation of approximately $145 million, $410 million, and $285 million at March 31, 2025, December 31, 2024 and March 31, 2024, respectively, which is measured at fair value using Level 2 inputs for each period presented.