EIDP - Related Party Transactions (Notes) |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| EIDP | |
| Related Party Transaction [Line Items] | |
| Related Party Transactions Disclosure [Text Block] | RELATED PARTY TRANSACTIONS Transactions with Corteva EIDP and Corteva, including certain consolidated subsidiaries (collectively the “Participating Companies”), are party to a Master In-House Banking Agreement, which established banking arrangements to facilitate the management of the cash and liquidity needs of the Participating Companies. Historically, in periods where EIDP had a net amount due from Corteva, Inc., EIDP classified the amount within other assets given Corteva, Inc. had both the ability and intent to repay the amounts due. Beginning in the fourth quarter of 2024, Corteva, Inc.'s intent to repay the amounts due changed and therefore, borrowings under this agreement are now classified within equity of EIDP. As of March 31, 2025 and December 31, 2024, EIDP had a due from Parent of $— million and $129 million, respectively, classified within the equity section of EIDP’s Consolidated Balance Sheets. In addition, EIDP issued dividends to Corteva, Inc. amounting to $513 million and $1,750 million, respectively, during the first quarter of 2025 and fourth quarter of 2024, which were utilized by Corteva, Inc. to repay amounts due to EIDP. EIDP had due from parent of $746 million related to the Master In-House Banking Agreement included in other assets in EIDP's interim Consolidated Balance Sheets as of March 31, 2024. Additionally, EIDP earned interest income from Corteva, Inc. of $7 million under this agreement for the three months ended March 31, 2024, which is reflected as other income (expense) - net in EIDP's interim Consolidated Statements of Operations. As of March 31, 2025, December 31, 2024 and March 31, 2024, EIDP had payables to Corteva, Inc., of $17 million, $9 million and $24 million included in accrued and other current liabilities, respectively, and $149 million, $149 million and $148 million, included in other noncurrent obligations, respectively, in the interim Consolidated Balance Sheets related to Corteva's indemnification liabilities to Dow and DuPont per the Separation Agreements (refer to page 20 of the Corteva, Inc. interim Consolidated Financial Statements for further details of the Separation Agreements).
|